Canara Robeco Ultra Short Term Fund Direct Growth
Debt
Direct
Ultra Short Duration
NAV as on 07-10-2024
₹ 3827.99
Inception Returns
6.9%
/yr
About the Fund
Canara Robeco Ultra Short Term Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Suman Prasad, Avnish Jain. This fund is suitable to keep your money safe.
Key Parameters
- Canara Robeco Ultra Short Term Fund Direct Growth has ₹687 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Canara Robeco Ultra Short Term Fund Direct Growth has given a CAGR return of 6.90% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.26%, 5.94% and 5.37% respectively.
Holdings
Canara Robeco Ultra Short Term Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are LIC Housing Finance Ltd, HDFC Bank Limited, Axis Securities Limited, Punjab National Bank, ICICI Bank 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 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 500.00 and for SIP is INR 500.00. Canara Robeco Ultra Short Term Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.41% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹687 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 252.33% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (07-Oct-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 551.9 Cr as of Aug'24
- AUM increased by 20.8 Cr between Aug'24 and Jul'24
Top 2 Sectors in August were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 LIC Housing Finance Ltd | 7.11% | -50% | |
HDFC Bank Limited | 7.04% | 0% | |
Axis Securities Limited | 7.03% | 0% | |
Punjab National Bank | 6.95% | 0% | |
ICICI Bank Limited | 4.23% | 0% |
Mutual Fund Insights
Canara Robeco Ultra Short Term Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.41%
Frequently Asked Questions
Canara Robeco Ultra Short Term Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.64% | 0.64% |
6 Month Returns | 3.59% | 3.59% |
1 Year Returns | 7.26% | 7.26% |
3 Years Returns | 18.89% | 5.94% |
5 Years Returns | 29.91% | 5.37% |
- 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.
AAA | 100 |