Canara Robeco Short Duration Fund Direct Growth

Canara Robeco Short Duration Fund Direct Growth

Debt

Direct

Short Duration

NAV as on 06-12-2024

₹ 26.41

-0.1%

1D

Inception Returns

7.2%

/yr

About Canara Robeco Short Duration Fund Direct Growth

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

Key Parameters

  1. Canara Robeco Short Duration Fund Direct Growth has ₹348 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.

Returns

Canara Robeco Short Duration Fund Direct Growth has given a CAGR return of 7.23% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.09%, 5.97% and 6.23% respectively.

Holdings

Canara Robeco Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Government, Consumer Cyclical, Energy, Health, Cash Equivalent, Industrial, Basic Materials. Its top holdings are 7.18% Govt Stock 2033, Indian Railway Finance Corporation Limited, Grasim Industries Ltd, Rural Electrification Corporation Limited, Bajaj Housing Finance Limited

Taxation

As it is a short 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 Short Duration Fund Direct Growth

To generate returns by investing in a wide range of debt securities and money market instruments of various maturities and risk profile. However, there is no assurance that the objective of the Fund will be realised.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
44 people have invested ₹ 5.9L in Canara Robeco Short Duration Fund Direct Growth in the last three months

Canara Robeco Short Duration Fund Direct Growth Overview

Expense ratio0.41%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹348 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
112.28%
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
Moderate Risk

Trailing Returns

as on (06-Dec-24)

Period
Canara Robeco Short Duration Fund Direct Growth
Short Duration Index
1M
0.6%
0.7%
3M
1.9%
2%
6M
4.1%
4.2%
1Y
8.1%
8.1%
3Y
6%
6.1%
5Y
6.2%
6.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
42.8%
Government
40.6%
Cash Equivalent
16.6%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 351.5 Cr
₹ 340.5 Cr
₹ 349.2 Cr
  • AUM of the fund stands at 351.5 Cr as of Oct'24
  • AUM increased by 11 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 11.6% to 16.5%
Cash allocation has gone up from 11.6% to 16.5%
Debt allocation has gone down from 88% to 83.1%
Debt allocation has gone down from 88% to 83.1%

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

Oct'24
Financial Services
44%
Corporate
43%
Government
41%
Sep'24
Corporate
58%
Financial Services
44%
Government
37%
  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
8.82%
-14.3%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
7.22%
0%
Grasim Industries Ltd
Grasim Industries Ltd
7.21%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
7.2%
0%
Bajaj Housing Finance Limited
Bajaj Housing Finance Limited
7.19%
0%
Loading...
We are taking more time than usual
Avnish Jain
Avnish Jain
Fund Manager of Canara Robeco Short Duration Fund Direct Growth, since 18 July 2022
Suman Prasad
Suman Prasad
Fund Manager of Canara Robeco Short Duration Fund Direct Growth, since 16 September 2012
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, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.24% return, outperforming this fund by 1.24% per annum.
Insights icon
This fund expense ratio is slightly on the lower side within the category (short duration). Its expense ratio is 0.41% which is lower than the category average expense ratio of 0.7%.
Insights icon
Over the last 6 months, this fund has experienced a 10.1% drop in AUM moving from 387.0 Cr to 348.1 Cr.
Insights icon
In the last 5 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 8.06% return, outperforming this fund by 1.82% per annum.
Insights icon
In the last 1 year, Aditya Birla Sun Life Short Term Fund Direct Plan Growth has given 9.08% return, outperforming this fund by 0.87%.

Canara Robeco Short Duration 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 7.23% since inception which is more than its category average return of 5.83%
AUM size ₹348 Cr

AUM size ₹348 Cr

This fund has AUM of ₹348 Cr which is less than its category average of ₹ 3932 Cr
Expense Ratio 0.41%

Expense Ratio 0.41%

This fund has an expense ratio of 0.41% which is less than its category average expense ratio of 0.67%

Frequently Asked Questions for Canara Robeco Short Duration Fund Direct Growth

The current NAV of Canara Robeco Short Duration Fund Direct Growth is ₹26.41 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Canara Robeco Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.64%
0.64%
6 Month Returns
4.11%
4.11%
1 Year Returns
8.09%
8.09%
3 Years Returns
18.99%
5.97%
5 Years Returns
35.31%
6.23%
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.
0.41% as on November 2024
₹348 Cr as on November 2024
7.18% Govt Stock 2033(8.82%), Indian Railway Finance Corporation Limited(7.22%), Grasim Industries Ltd(7.21%), Rural Electrification Corporation Limited(7.2%), Bajaj Housing Finance Limited(7.19%) as on November 2024
Corporate(50.46%), Government(40.8%), Cash Equivalent(8.75%) as on November 2024
Yield to Maturity is 7.27 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 2.64 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Avnish Jain, Suman Prasad are the fund managers of Canara Robeco Short Duration Fund Direct Growth
The Exit load of Canara Robeco Short Duration Fund Direct Growth is 0%