Canara Robeco Corporate Bond Fund Direct Growth

Canara Robeco Corporate Bond Fund Direct Growth

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Debt
Direct
Corporate Bond
NAV: ₹ 21.31 as on 24-05-2024

About the Fund

Canara Robeco Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 7 February, 2014. The fund is managed by Suman Prasad, Avnish Jain. This fund is suitable to keep your money safe.

Key Parameters

  1. Canara Robeco Corporate Bond Fund Direct Growth has ₹144 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.4.
Fund Performance
zero opening, trading, fund transfer fee
6 people have invested ₹ 6K in Canara Robeco Corporate Bond Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.38%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹144 Cr
Inception Date
Inception Date
7 February, 2014
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
131.65%

Canara Robeco Corporate Bond Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
64.4%
Government
18.7%
Cash Equivalent
16.9%

Top Holdings of Canara Robeco Corporate Bond Fund Direct Growth as on (30-Apr-24)

  • Debt & Cash

Debt Holdings18
Holdings
Weight%
1M Change
Power Finance Corporation Ltd.
Power Finance Corporation Ltd.
7.03%
0%
Kotak Mahindra Prime Ltd. 8.23%
Kotak Mahindra Prime Ltd. 8.23%
6.99%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
6.96%
0%
Grasim Industries Limited
Grasim Industries Limited
6.95%
0%
LIC Housing Finance Ltd
LIC Housing Finance Ltd
6.95%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 147.9 Cr
₹ 148 Cr
₹ 149.4 Cr
  • AUM of the fund stands at 147.9 Cr as of Apr'24
  • AUM decreased by 0.1 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.28% return, outperforming this fund by 1.06% per annum.
Insights icon
In the last 5 years, HSBC Corporate Bond Fund Direct Plan Growth Plan has given 7.73% return, outperforming this fund by 1.06% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 12.1% drop in AUM moving from 163.44 Cr to 143.6 Cr.
Insights icon
This fund expense ratio is slightly on the lower side within the category (corporate bond). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.49%.
Insights icon
In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.69% return, outperforming this fund by 0.94%.

Fund Manager

Suman Prasad
Suman Prasad
Fund Manager of Canara Robeco Corporate Bond Fund Direct Growth, since 18 July 2022
Avnish Jain
Avnish Jain
Fund Manager of Canara Robeco Corporate Bond Fund Direct Growth, since 7 February 2014

Canara Robeco Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.63% since inception which is more than its category average return of 5.48%
AUM size ₹144 Cr

AUM size ₹144 Cr

This fund has AUM of ₹144 Cr which is less than its category average of ₹ 6076 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions

The current NAV of Canara Robeco Corporate Bond Fund Direct Growth is ₹21.31 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
Canara Robeco Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.75%
0.75%
6 Month Returns
3.97%
3.97%
1 Year Returns
6.76%
6.76%
3 Years Returns
16.48%
5.22%
5 Years Returns
38.1%
6.67%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.38% as on April 2024
₹144 Cr as on April 2024
Power Finance Corporation Ltd.(7.03%), Kotak Mahindra Prime Ltd. 8.23%(6.99%), National Bank For Agriculture And Rural Development(6.96%), Grasim Industries Limited(6.95%), LIC Housing Finance Ltd(6.95%) as on April 2024
Corporate(66.38%), Government(19.33%), Cash Equivalent(14.3%) as on April 2024
Yield to Maturity is 7.55 as on April 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.07 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Suman Prasad, Avnish Jain are the fund managers of Canara Robeco Corporate Bond Fund Direct Growth
The Exit load of Canara Robeco Corporate Bond Fund Direct Growth is 0%