- Mutual Funds
- Canara Robeco Banking and PSU Debt Fund-Dir (G)
Canara Robeco Banking and PSU Debt Fund-Dir (G)
Banking and PSU Fund
- NAV 11.32 (0.04%)
- Fund Size (Cr) ₹346.55
- Expense Ratio 0.34
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹5000
- Minimum Additional Investment ₹1000
- Minimum SIP Investment ₹1000
- Minimum Withdrawal ₹1000
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Exit Load
0%
- Return Since Launch 6.62%
Basic Details
Avnish Jain
CRISIL Banking and PSU Debt A-II Index
OPEN
Lumpsum Returns
Note: Lumpsum Returns since Inception Date.
SIP Returns
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
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Standard Deviation
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Beta
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Sharpe Ratio
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Treynor’s Ratio
0.74% -
Jension’s Alpha
-0.89%
Asset Allocation
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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Canara Robeco Banking and PSU Debt Fund-Dir (G)
- 346.55
- 0.70%
- 2.15%
- 4.11%
- 7.14%
- -
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TRUSTMF Banking & PSU Fund - Dir (IDCW-D) RI
- 213.55
- 0.95%
- 2.60%
- 5.11%
- 9.94%
- 7.97%
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HSBC Banking and PSU Debt Fund - Direct (IDCW-D)
- 4681.63
- 0.73%
- 1.85%
- 4.88%
- 8.18%
- 5.00%
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Invesco India Banking & PSU Fund - Direct (IDCW-M)
- 100.91
- 0.83%
- 2.37%
- 4.35%
- 8.09%
- 5.20%
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ICICI Pru Banking & PSU Debt Fund - Direct (G)
- 9017.64
- 0.73%
- 2.25%
- 4.23%
- 7.83%
- 6.56%
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ICICI Pru Banking & PSU Debt Fund-Direct (IDCW-Q)
- 9017.64
- 0.73%
- 2.25%
- 4.23%
- 7.80%
- 6.36%
News
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Canara Robeco Mutual Fund Announces change in Key Personnel
Canara Robeco Mutual Fund has announced that Ms. Akshata Shenoy has been appointed as an Head ? Compliance and shall be a Key Personnel of Canara Robeco Asset Management Company Limited with effect from July 05, 2024.
Details of Ms. Akshata Shenoy
Age: 40 years
Designation: Head ? Compliance
Qualification: Chartered Accountant, B. Com
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Canara Robeco MF Announces Quarterly & Monthly Income Distribution cum Capital Withdrawal (IDCW) under its schemes
Canara Robeco Mutual Fund has announced 31 May 2024 as the record date for declaration of quarterly & monthly Income Distribution cum Capital Withdrawal (IDCW) under the following schemes. The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be:
Canara Robeco Corporate Bond Fund ? Regular Plan ? IDCW Option: 0.29
Canara Robeco Corporate Bond Fund ? Direct Plan ? IDCW Option: 0.31
Canara Robeco Conservative Hybrid Fund ? Regular Plan ? Monthly IDCW Option & Direct Plan ? Monthly IDCW Option: 0.10 each
Canara Robeco Equity Hybrid Fund ? Regular Plan ? Monthly IDCW Option: 0.69
Canara Robeco Equity Hybrid Fund ? Direct Plan ? Monthly IDCW Option: 0.60
Canara Robeco Short Duration Fund ? Regular Plan ? Monthly IDCW Option: 0.06
Canara Robeco Short Duration Fund ? Direct Plan ? Monthly IDCW Option: 0.06
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Canara Robeco MF Announces change in fund managers under its schemes
Canara Robeco Mutual Fund has announced change in fund managers under the following schemes, with effect from 10 April 2024.
Change in Fund Management Responsibilities:
Name of the Scheme Existing Fund Managers Revised Fund Managers Canara Robeco Focused Equity Fund 1. Mr. Shridatta Bhandwaldar (Fund Manager) 2. Mr. Amit Kadam (Assistant Fund Manager)
1. Mr. Shridatta Bhandwaldar (Fund Manager) 2. Mr. Amit Kadam (Fund Manager)
Canara Robeco Conservative Hybrid Fund 1. Mr. Avnish Jain (For Debt Portfolio) 2. Mr. Shridatta Bhandwaldar (For Equity Portfolio)
1. Mr. Avnish Jain (For Debt Portfolio) 2. Mr. Amit Kadam (For Equity Portfolio)
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Fund House Details & Investment Objective
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Date of Incorporation
29-Jul-2022
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Total AUM (Cr)
₹345.44
Canara Robeco Banking and PSU Debt Fund-Dir (G) is an Banking and PSU Fund-oriented fund from the renowned AMC, Canara Robeco Mutual Fund. Launched in Jul 2022, this fund is managed by Avnish Jain. With assets under management (AUM) worth ₹345.44 (Cr), as of 26-Jul-2024, Canara Robeco Banking and PSU Debt Fund-Dir (G) is categorized as a Banking and PSU Fund within its segment. The fund has generated a return of 6.62% since its launch.
The current NAV of Canara Robeco Banking and PSU Debt Fund-Dir (G) is ₹11.32, as on 26-Jul-2024. The fund’s benchmark index is CRISIL Banking and PSU Debt A-II Index. You can invest in Canara Robeco Banking and PSU Debt Fund-Dir (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹1000 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Exit load is not applicable
The fund has generated - and - CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments , 96.53% in Debt and 3.47% in cash and cash equivalents
FAQs on Canara Robeco Banking and PSU Debt Fund-Dir (G)
Canara Robeco Banking and PSU Debt Fund-Dir (G) is a popular fund in the Banking and PSU Fund segment. The fund has generated a return of 6.62% since inception. Looking to invest in Canara Robeco Banking and PSU Debt Fund-Dir (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Canara Robeco Banking and PSU Debt Fund-Dir (G) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, Canara Robeco Banking and PSU Debt Fund-Dir (G)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Canara Robeco Banking and PSU Debt Fund-Dir (G) today and reap the benefits of this Banking and PSU Fund fund!
In the short term, i.e., 1 year, Canara Robeco Banking and PSU Debt Fund-Dir (G) has generated annualised return of 7.14%. In the long-term, the fund has generated - and - in 3 and 5 years respectively. Since its inception, the fund has generated 6.62% returns.
The expense ratio of Canara Robeco Banking and PSU Debt Fund-Dir (G) Direct Growth is 0.34%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of Canara Robeco Banking and PSU Debt Fund-Dir (G) is ₹345.44 (Cr) as of 26 July 2024. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of Canara Robeco Banking and PSU Debt Fund-Dir (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from Canara Robeco Banking and PSU Debt Fund-Dir (G):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case Canara Robeco Banking and PSU Debt Fund-Dir (G)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Yes, you can invest both lumpsum and SIP in Canara Robeco Banking and PSU Debt Fund-Dir (G). Minimum lumpsum investment Canara Robeco Banking and PSU Debt Fund-Dir (G) is ₹5000 and minimum SIP amount is ₹1000. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of Canara Robeco Banking and PSU Debt Fund-Dir (G) is ₹11.32 as on 26 July 2024.
The 5 biggest stock holdings of Canara Robeco Banking and PSU Debt Fund-Dir (G) are:
HDFC Bank (7.41%), Natl. Hous. Bank (7.26%), Axis Bank (7.26%), REC Ltd (7.21%), NHPC Ltd (7.21%)
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