February 21, 2024
mayank
Canara Robeco Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 20.8826
NAV IDCW: Rs 12.0075
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). 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 capital appreciation through a portfolio constituted predominantly of AA+ and above rated Corporate Debt across maturities.
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) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Canara Robeco Mutual Fund |
| Launch Date | 07-Feb-14 |
| Return Since Launch | 7.61% |
| Benchmark | CRISIL Corporate Bond B-III Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 153 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.38% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of Canara Robeco Corporate Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco Corporate Bond Dir | 1.13 | 0.13 | 0.78 | 1.95 | 3.59 | 7.12 | 5.13 | 6.79 | 6.64 | 7.61 |
| VR Bond | 1.85 | 0.06 | 1.40 | 2.82 | 4.40 | 7.87 | 5.13 | 5.86 | 5.89 | 6.80 |
| Debt: Corporate Bond | 1.19 | 0.13 | 0.83 | 2.03 | 3.72 | 7.61 | 5.42 | 6.99 | 6.92 | 7.87 |
| Rank within category | 15 | 15 | 15 | 16 | 17 | 20 | 15 | 15 | 11 | 9 |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 19 | 18 | 13 | 11 |
Peer Comparison of Canara Robeco Corporate Bond 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 Corporate Bond Dir | 2 star | 7.12 | 5.13 | 6.79 | 0.38 | 153 | 7.61 | — | 10Y |
| ICICI Pru Corporate Bond Dir | 5 star | 8.03 | 6.07 | 7.57 | 0.32 | 23,762 | 8.18 | — | 11Y 1M |
| ABSL Corporate Bond Dir | 4 star | 8.01 | 5.91 | 7.54 | 0.33 | 20,838 | 8.20 | — | 11Y 1M |
| Axis Corporate Debt Dir | 4 star | 8.03 | 5.93 | 7.09 | 0.22 | 5,289 | 7.39 | — | 6Y 7M |
| Nippon India Corporate Bond Dir | 5 star | 8.13 | 6.24 | 7.08 | 0.34 | 2,648 | 7.92 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 19 | 66 |
| Macaulay Duration (yrs) | 2.22 | 2.96 |
| Average Maturity (yrs) | 3.27 | 3.90 |
| Yield to Maturity (%) | 7.69 | 7.70 |
| Avg Credit Rating | AAA | — |
How to Invest in Canara Robeco Corporate Bond Fund?
Chanakya’s Mutual Fund Guidance For Canara Robeco Corporate Bond Fund
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