February 21, 2024
mayank
Canara Robeco Banking and PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.9516
NAV IDCW: Rs 10.4171
Suitable For Which Investors?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two 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.
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 income and/or capital appreciation through a portfolio of high quality debt and money market instruments issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds.
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.
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 of Canara Robeco Banking and PSU Debt Fund
| Fund House | Canara Robeco Mutual Fund |
| Launch Date | 22-Aug-22 |
| Return Since Launch | 6.25% |
| Benchmark | CRISIL Banking and PSU Debt |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 430 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.40% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Canara Robeco Banking and PSU Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco Banking and PSU Debt Dir | 1.23 | 0.13 | 0.90 | 2.01 | 3.61 | 7.13 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.61 | -0.01 | 0.34 | 1.16 | 2.28 | 4.67 | — | — | — | — |
| Debt: Banking and PSU | 1.22 | 0.12 | 0.87 | 2.05 | 3.74 | 7.60 | — | — | — | — |
| Rank within category | 11 | 10 | 8 | 13 | 18 | 22 | — | — | — | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 22 | 22 | 21 | 16 | 14 | 10 |
Peer Comparison of Canara Robeco Banking and PSU Debt 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 Banking and PSU Debt Dir | Unrated | 7.13 | — | — | 0.40 | 430 | 6.25 | — | 1Y 5M |
| Bandhan Banking & PSU Debt Dir | 4 star | 7.41 | 5.37 | 7.43 | 0.33 | 14,537 | 7.76 | — | 10Y 11M |
| ABSL Banking & PSU Debt Dir | 4 star | 7.67 | 5.68 | 7.36 | 0.38 | 9,611 | 8.46 | — | 11Y 1M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 8.01 | 6.10 | 7.52 | 0.39 | 8,277 | 8.18 | — | 11Y 1M |
| HDFC Banking and PSU Debt Dir | 4 star | 7.76 | 5.59 | 7.36 | 0.39 | 6,117 | 7.97 | — | 9Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 28 | 53 |
| Macaulay Duration (yrs) | 2.96 | 3.11 |
| Average Maturity (yrs) | 3.83 | 4.70 |
| Yield to Maturity (%) | 7.70 | 7.64 |
| Avg Credit Rating | AAA | — |
How to Invest in Canara Robeco Banking and PSU Debt Fund?
Chanakya’s Mutual Fund Guidance For Canara Robeco Banking and PSU Debt Fund
Apply Online: https://www.canararobeco.com/product/productlist
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