February 22, 2024
mayank
Canara Robeco Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 24.8572
Quarterly NAV IDCW: Rs 16.5487
Monthly NAV IDCW: Rs 17.2252
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to generate returns by investing in a wide range of debt securities and money market instruments of various maturities and risk profile.
Fund Manager:
1) Avnish Jain
Education: Mr. Jain is a B.Tech from IIT Kharagpur and Post Graduate from IIM Kolkata.
Experience: Prior to joining Canara Robeco AMC he has worked with ICICI Prudential AMC, PGIM India Mutual Fund, Deutsche Asset Management, Misys Software Solutions, Yes Bank and ICICI Bank.
2) Suman Prasad
Education: Ms. Prasad is B.Sc and PGDMS.
Experience: She has been associated with Canara Robeco since 1996.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Canara Robeco Mutual Fund |
| Launch Date | 02-Jan-13 |
| Return Since Launch | 7.16% |
| Benchmark | CRISIL SD Debt B-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 427 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.43% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of Canara Robeco Short Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco Short Duration Dir | 1.12 | 0.04 | 0.74 | 2.00 | 3.54 | 7.26 | 5.03 | 6.49 | 6.65 | 7.26 |
| CCIL T Bill Liquidity Weight | 0.63 | 0.02 | 0.36 | 1.17 | 2.35 | 4.61 | 3.12 | 3.27 | 3.52 | 4.01 |
| Debt: Short Duration | 1.20 | 0.05 | 0.81 | 2.19 | 3.80 | 7.77 | 6.09 | 6.75 | 6.75 | 7.72 |
| Rank within category | 20 | 23 | 18 | 24 | 23 | 23 | 21 | 17 | — | — |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 21 | 21 | 18 | 18 |
Peer Comparison of Canara Robeco Short Duration Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Canara Robeco Short Duration Dir | 3 star | 7.26 | 5.03 | 6.49 | 0.43 | 427 | 7.16 | — | 11Y 1M |
| ICICI Pru Short Term Dir | 4 star | 8.42 | 6.48 | 8.00 | 0.45 | 18,691 | 8.53 | — | 11Y 1M |
| HDFC Short Term Debt Dir | 4 star | 8.09 | 5.88 | 7.45 | 0.37 | 14,373 | 8.03 | — | 11Y 1M |
| Axis Short Term Dir | 4 star | 7.91 | 5.80 | 7.45 | 0.31 | 7,541 | 8.14 | — | 11Y 1M |
| ABSL Short Term Dir | 4 star | 8.15 | 6.23 | 7.71 | 0.38 | 6,778 | 8.63 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 22 | 43 |
| Macaulay Duration (yrs) | 2.15 | 2.71 |
| Average Maturity (yrs) | 2.54 | 3.45 |
| Yield to Maturity (%) | 7.64 | 7.65 |
| Avg Credit Rating | AAA | — |
How to Invest in Canara Robeco Short Duration Fund?
Chanakya’s Mutual Fund Guidance For Canara Robeco Short Duration Fund
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