Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl

Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl

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Debt
Direct
Ultra Short Duration
NAV: ₹ 1240.71 as on 13-06-2024

About the Fund

Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl 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 Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl has ₹423 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 Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl has given a CAGR return of 4.79% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.99%, 5.05% and 4.79% respectively.

Holdings

Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are 364 DTB 05122024, Power Grid Corporation Of India Limited, Godrej Consumer Products Ltd., Sundaram Finance Limited, Rural Electrification Corporation Limited

Taxation

As it is a ultra 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 Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl

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 500.00 and for SIP is INR 500.00. Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.39%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹423 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
222.24%

Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl Distribution as on (31-Dec-69)

  • Debt & Cash 99.6%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
51.7%
Cash Equivalent
37.9%
Government
10.3%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 525.8 Cr
₹ 459.9 Cr
₹ 543.4 Cr
  • AUM of the fund stands at 525.8 Cr as of Apr'24
  • AUM increased by 65.9 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl as on (31-May-24)

  • Debt & Cash

Debt Holdings17
Holdings
Weight%
1M Change
364 DTB 05122024
364 DTB 05122024
7.05%
100%
Power Grid Corporation Of India Limited
Power Grid Corporation Of India Limited
5.91%
0%
Sundaram Finance Limited
Sundaram Finance Limited
5.91%
0%
Godrej Consumer Products Ltd.
Godrej Consumer Products Ltd.
5.91%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
5.9%
100%

Fund Manager

Avnish Jain
Avnish Jain
Fund Manager of Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl, since 1 April 2022
Suman Prasad
Suman Prasad
Fund Manager of Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl, since 12 April 2011

Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl 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 4.79% since inception which is less than its category average return of 7.17%
AUM size ₹423 Cr

AUM size ₹423 Cr

This fund has AUM of ₹423 Cr which is less than its category average of ₹ 3086 Cr
Expense Ratio 0.39%

Expense Ratio 0.39%

This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.65%

Frequently Asked Questions

The current NAV of Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl is ₹1240.71 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0%
0%
6 Month Returns
2.62%
2.62%
1 Year Returns
5.99%
5.99%
3 Years Returns
15.94%
5.05%
5 Years Returns
26.38%
4.79%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.39% as on May 2024
₹423 Cr as on May 2024
364 DTB 05122024(7.05%), Power Grid Corporation Of India Limited(5.91%), Godrej Consumer Products Ltd.(5.91%), Sundaram Finance Limited(5.91%), Rural Electrification Corporation Limited(5.9%) as on May 2024
Corporate(58.63%), Cash Equivalent(34.3%), Government(7.08%) as on May 2024
Yield to Maturity is 7.39 as on May 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 0.43 as on May 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 Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl
The Exit load of Canara Robeco Ultra Short Term Fund Direct Plan Daily Reinvestment of Income Dist cum Cap Wdrl is 0%