Canara Robeco Savings Fund Direct Growth

Canara Robeco Savings Fund Direct Growth

Debt

Direct

Low Duration

NAV as on 10-12-2024

₹ 41.45

Inception Returns

7.3%

/yr

About Canara Robeco Savings Fund Direct Growth

Canara Robeco Savings Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kunal Jain, Avnish Jain. This fund is suitable to keep your money safe.

Key Parameters

  1. Canara Robeco Savings Fund Direct Growth has ₹912 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Canara Robeco Savings Fund Direct Growth has given a CAGR return of 7.27% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.81%, 6.36% and 5.84% respectively.

Holdings

Canara Robeco Savings Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Cash Equivalent, Industrial, Government, Basic Materials, Health, Consumer Defensive, Consumer Cyclical, Tech. Its top holdings are Small Industries Development Bank Of India, Rec Limited, Hdb Financial Services Limited, Indian Railway Finance Corporation Limited, Power Finance Corporation Limited

Taxation

As it is a low duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Canara Robeco Savings Fund Direct Growth

To generate income/capital appreciation by investing in a portfolio comprising of low duration debt instruments and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Canara Robeco Savings Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
5 people have invested ₹ 2.7L in Canara Robeco Savings Fund Direct Growth in the last three months

Canara Robeco Savings Fund Direct Growth Overview

Expense ratio0.34%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹912 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
296.7%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (10-Dec-24)

Period
Canara Robeco Savings Fund Direct Growth
Low Duration Index
1M
0.6%
0.4%
3M
1.9%
1.7%
6M
3.9%
3.6%
1Y
7.8%
7.4%
3Y
6.4%
6.1%
5Y
5.8%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
43.2%
Cash Equivalent
35.5%
Government
21.3%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 843.3 Cr
₹ 843.3 Cr
₹ 1.2K Cr
  • AUM of the fund stands at 843.3 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Cash allocation has gone up from 18.4% to 29.7%
Cash allocation has gone up from 18.4% to 29.7%
Debt allocation has gone down from 81.3% to 70%
Debt allocation has gone down from 81.3% to 70%

Top 3 Sectors in October were Corporate, Financial Services & Industrial

Oct'24
Corporate
43%
Financial Services
41%
Industrial
30%
Sep'24
Corporate
69%
Financial Services
41%
Industrial
30%
  • Debt & Cash

Holdings
Weight%
1M Change
Small Industries Development Bank Of India
Small Industries Development Bank Of India
6.08%
0%
Rec Limited
Rec Limited
5.99%
0%
Hdb Financial Services Limited
Hdb Financial Services Limited
5.07%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
5.07%
0%
Power Finance Corporation Limited
Power Finance Corporation Limited
5.07%
0%
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Kunal Jain
Kunal Jain
Fund Manager of Canara Robeco Savings Fund Direct Growth, since 18 July 2022
Avnish Jain
Avnish Jain
Fund Manager of Canara Robeco Savings Fund Direct Growth, since 1 April 2022
Fund House
Canara Robeco Asset Management Co. Ltd.
Total AUM
₹1.16L Cr
as on 31-Oct-2024
Address
Canara Robeco Asset Management Company Limited,Construction House, 4th Floor,,5 Walchand Hirachand Marg, Ballard Estate,
Phone
+912266585000
Website
crmf@canararobeco.com

Mutual Fund Insights

Insights icon
In the last 3 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.83% return, outperforming this fund by 0.47% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.67%.
Insights icon
Over the last 3 months, this fund has experienced a 9.0% drop in AUM moving from 1.00K Cr to 912.42 Cr.
Insights icon
In the last 1 year, Kotak Low Duration Fund- Direct Plan- Growth Option has given 8.25% return, outperforming this fund by 0.44%.
Insights icon
In the last 5 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.19% return, outperforming this fund by 1.35% per annum.
Insights icon
Over the last 3 months, this fund has increased expense ratio by 17.2% moving from 0.29 to 0.34.

Canara Robeco Savings Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.27% since inception which is more than its category average return of 5.04%
AUM size ₹912 Cr

AUM size ₹912 Cr

This fund has AUM of ₹912 Cr which is less than its category average of ₹ 4380 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.65%

Frequently Asked Questions for Canara Robeco Savings Fund Direct Growth

The current NAV of Canara Robeco Savings Fund Direct Growth is ₹41.45 as on 10-Dec-2024.
Existing (Absolute + CAGR) as on 10-Dec-2024.
Canara Robeco Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.58%
0.58%
6 Month Returns
3.88%
3.88%
1 Year Returns
7.81%
7.81%
3 Years Returns
20.32%
6.36%
5 Years Returns
32.85%
5.84%
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.
0.34% as on November 2024
₹912 Cr as on November 2024
Small Industries Development Bank Of India(6.08%), Rec Limited(5.99%), Hdb Financial Services Limited(5.07%), Indian Railway Finance Corporation Limited(5.07%), Power Finance Corporation Limited(5.07%) as on November 2024
Corporate(44.49%), Cash Equivalent(34.52%), Government(20.99%) as on November 2024
Yield to Maturity is 7.52 as on November 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 0.83 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kunal Jain, Avnish Jain are the fund managers of Canara Robeco Savings Fund Direct Growth
The Exit load of Canara Robeco Savings Fund Direct Growth is 0%