May 25, 2024
mayank
Canara Robeco Balanced Advantage Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Managers
- Should You Invest in this NFO?
- Invest Online
What is the Canara Robeco Balanced Advantage Fund Open Date, Close Date?
NFO opens on July 12, 2024
NFO will close on July 26, 2024
What is the Investment Strategy?
The scheme seeks to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments.
Basic Details
| Fund House | Canara Robeco Mutual Fund |
| Issue Open | 12 July 2024 |
| Issue Close | 26 July 2024 |
| Type | Open-ended |
| Category | Hybrid: Dynamic Asset Allocation |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption within 365 days |
| Riskometer | Very High |
| Benchmark | CRISIL Hybrid 50+50 Moderate Index |
What is the Benchmark Index of Canara Robeco Balanced Advantage Fund?
CRISIL Hybrid 50+50 – Moderate Index seeks to track the performance of a hybrid portfolio having a blend of S&P BSE 200 (50%) and CRISIL Composite Bond Fund Index (50%).
Features:
1) The index seeks to capture returns on a balanced portfolio which includes both equity and debt.
2) Base date for the Index: March 31, 2002
3) Index portfolio marked-to-market on a daily basis
4) Derived index from the following sub-indices
(1) S&P BSE 200 (50%)
(2) CRISIL Composite Bond Fund Index (50%)
(3) Total return index:
| Index | TRI/PRI |
| S&P BSE 200 | Price return PRI from Inception to 31 July 2006 |
| S&P BSE 200 | TRI 1st Aug 2006 onwards |
| CRISIL Composite Bond Fund Index | TRI since inception |
Key Characteristics:
● Rich history: CRISIL Hybrid 50+50 – Moderate Index has an inception date of March 31, 2002. Thus, the index has been in existence for over a decade witnessing multiple interest rate cycles and has stood the test of time.
● Liquidity: The index seeks to capture the movement in a portfolio of most liquid debt instruments by using appropriate market representation.
● Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by having the valuations close to market levels.
Performance Review of the Fund Managers of Canara Robeco Balanced Advantage Fund?
1) Ennette Fernandes
Education: Ms. Fernandes is B.com & PGDBM
Experience: Prior to joining Canara Robeco Mutual Fund she has worked with Tata Asset Management Limited and Philip Capital (India) Pvt. Ltd.
Past Performance of his Schemes
| Fund | Canara Robeco Consumer Trends Fund | It’s Benchmark |
| 1 Year | 36.62 | 39.29 |
| 3 Year | 20.39 | 19.57 |
| 5 Year | 20.46 | 18.62 |
| 7 Year | 17.82 | 16.39 |
| 10 Year | 17.87 | 15.16 |
As on 25-5-2024
2) Shridatta Bhandwaldar
Education: Mr. Bhandwaldar is a BE (Mechanical) and MMS (Finance).
Experience: Prior to joining Canara Robeco Mutual Fund he was associated with SBI Pension Funds Pvt. Ltd. (Jul 2012-Jun 2016) as Head-Research, Heritage India Advisory Pvt. Ltd. (Oct 2009-Jun 2012) as Senior Equity Analyst, Motilal Oswal Securities (Jan 2008-Sep 2009) and MF Global Securities (Apr 2006-Dec 2008).
Past Performance of his Schemes
| Fund | Canara Robeco Bluechip Equity Fund | It’s Benchmark | Canara Robeco Flexi Cap Fund | It’s Benchmark |
| 1 Year | 31.31 | 31.98 | 32.27 | 39.29 |
| 3 Year | 15.81 | 17.80 | 16.46 | 19.57 |
| 5 Year | 17.37 | 16.72 | 17.33 | 18.62 |
| 7 Year | 15.69 | 15.59 | 15.98 | 16.39 |
| 10 Year | 14.21 | 13.98 | 14.28 | 15.16 |
As on 25-5-2024
3) Suman Prasad
Education: Ms. Prasad is B.Sc and PGDMS.
Experience: She has been associated with Canara Robeco since 1996.
Past Performance of his Schemes
| Fund | Canara Robeco Short Duration Fund | It’s Benchmark | Canara Robeco Overnight Fund | It’s Benchmark |
| 1 Year | 6.20 | 4.54 | 6.71 | 4.54 |
| 3 Year | 4.54 | 3.37 | 5.28 | 3.37 |
| 5 Year | 5.72 | 3.29 | — | — |
| 7 Year | 5.90 | 3.56 | — | — |
| 10 Year | 6.31 | 3.99 | — | — |
As on 25-5-2024
Which Company Owns Canara Robeco Balanced Advantage Fund?
Canara Robeco Asset Management Company Ltd.
Address: 4th Floor – Construction House, 5 – Walchand Hirachand Marg, Mumbai – 400001
Website: http://www.canararobeco.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Is it good to invest in Canara Robeco Balanced Advantage Fund NFO?
Guidance for Canara Robeco Balanced Advantage Fund by Paresh Gordhandas, C.A., Research Analyst.
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