Canara Robeco Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV: ₹ 14.67 as on 26-04-2024
Fund Performance
821 people have invested ₹ 51.3L in Canara Robeco Mid Cap Fund Direct Growth in the last three months
About the Canara Robeco Mid Cap Fund Direct Growth
Canara Robeco Mid Cap Fund Direct Growth is an equity fund. This fund was started on 2 December, 2022. The fund is managed by Ajay Khandelwal, Shridatta Bhandwaldar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Canara Robeco Mid Cap Fund Direct Growth has ₹2011 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Overview
 | 0.72% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹2011 Cr |
 | 2 December, 2022 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0.16% |
Canara Robeco Mid Cap Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
72.3%
Large cap
15.6%
Small cap
8.8%
Sector Allocation
Financial Services
22.7%
Consumer Cyclical
18%
Industrial
16.2%
Health
12.7%
Basic Materials
11.2%
Tech
7.8%
Real Estate
3.6%
Utilities
3.3%
Energy
1.9%
Communication
1.7%
Consumer Defensive
1%
Top Holdings of Canara Robeco Mid Cap Fund Direct Growth as on (31-Mar-24)
Equity Holdings65
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.65% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 1.81% in Mar'24
AUM Change
- AUM of the fund stands at 2K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Linde India Ltd | 29.7% |
 Torrent Power Ltd | 4.7% |
Top Losers | 1M Return |
|---|---|
 Mphasis Ltd | -6.7% |
 J K Cements Ltd | -4.9% |
 Coforge Ltd | -4.3% |
Peer Analysis
Fund Manager
Ajay Khandelwal
Fund Manager of Canara Robeco Mid Cap Fund Direct Growth, since 2 December 2022
Top funds managed
Shridatta Bhandwaldar
Fund Manager of Canara Robeco Mid Cap Fund Direct Growth, since 2 December 2022
Top funds managed
Canara Robeco Mid Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 31.51% since inception which is more than its category average return of 19.16%
Fund Allocations
This fund has an allocation of 96.71% in Equity, 0% in Debt and 3.29% in Cash related instruments
AUM size ₹2011 Cr
This fund has AUM of ₹2011 Cr which is less than its category average of ₹ 7349 Cr
Expense Ratio 0.72%
This fund has an expense ratio of 0.72% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Canara Robeco Mid Cap Fund Direct Growth is ₹14.67 as on 26-Apr-2024.
Existing (Absolute + CAGR) as on 26-Apr-2024.
Canara Robeco Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.69% | 5.69% |
6 Month Returns | 27.34% | 27.34% |
1 Year Returns | 48.18% | 48.18% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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.
0.72% as on March 2024
₹2011 Cr as on March 2024
CRISIL Ltd(3.29%), Trent Ltd(3.2%), UNO Minda Ltd(2.85%), Max Healthcare Institute Ltd Ordinary Shares(2.79%), JK Cement Ltd(2.78%) as on March 2024
Financial Services(21.95%), Consumer Cyclical(17.38%), Industrial(15.69%) as on March 2024
The alpha ratio for the Canara Robeco Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Canara Robeco Mid Cap Fund Direct Growth | 2.78 | - | - |
As on March 2024
The alpha for Canara Robeco Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Canara Robeco Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Canara Robeco Mid Cap Fund Direct Growth | 0.62 | - | - |
As on March 2024
The Beta for Canara Robeco Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Canara Robeco Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Canara Robeco Mid Cap Fund Direct Growth | 3.53 | - | - |
As on March 2024
The sharpe ratio for Canara Robeco Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Canara Robeco Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Canara Robeco Mid Cap Fund Direct Growth | 8.77 | - | - |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Ajay Khandelwal, Shridatta Bhandwaldar are the fund managers of Canara Robeco Mid Cap Fund Direct Growth
The Exit load of Canara Robeco Mid Cap Fund Direct Growth is 1%