February 22, 2024
mayank
Canara Robeco Income Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 55.8199
NAV IDCW Quarterly: Rs 16.5401
Suitable For Which Investors?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The Scheme seeks to generate income and capital appreciation through a portfolio constituted of medium to long term debt and money market securities and issuers of different risk profiles.
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) Kunal Jain
Education: Mr. Jain is a B.Com and MBA (Marketing).
Experience: Prior to joining Canara Robeco Mutual Fund, he has worked with PGIM India Mutual Fund, Indiabulls AMC Ltd. as Fund Manager, LIC Nomura AMC Ltd. as Fund manager and Kotak Mahindra AMC Ltd. as Fixed Income Dealer.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | — |
| 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 | 7.80% |
| Benchmark | CRISIL Medium to Long Duration Debt B-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 125 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.76% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of Canara Robeco Income Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco Income Dir | 1.89 | 0.10 | 1.48 | 3.16 | 4.24 | 8.12 | 5.16 | 7.26 | 6.83 | 8.07 |
| VR Bond | 1.92 | 0.06 | 1.47 | 2.84 | 4.39 | 7.93 | 5.15 | 5.87 | 5.90 | 6.81 |
| Debt: Medium to Long Duration | 1.85 | 0.10 | 1.48 | 3.06 | 4.32 | 8.64 | 5.83 | 6.94 | 6.52 | 7.86 |
| Rank within category | 5 | 6 | 7 | 6 | 9 | 11 | 10 | 6 | 7 | 8 |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Peer Comparison of Canara Robeco Income 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 Income Dir | 2 star | 8.12 | 5.16 | 7.26 | 0.76 | 125 | 7.80 | — | 11Y 1M |
| ICICI Pru Bond Dir | 4 star | 9.09 | 6.05 | 7.88 | 0.60 | 2,951 | 8.12 | — | 11Y 1M |
| SBI Magnum Income Dir | 4 star | 8.95 | 6.05 | 8.30 | 0.79 | 1,713 | 8.16 | 1.00 (365) | 11Y 1M |
| Kotak Bond Dir | 3 star | 9.39 | 5.94 | 8.07 | 0.64 | 1,800 | 7.78 | — | 11Y 1M |
| ABSL Income Dir | 3 star | 8.25 | 5.89 | 7.77 | 0.66 | 1,771 | 7.91 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 8 | 17 |
| Macaulay Duration (yrs) | 6.18 | 6.37 |
| Average Maturity (yrs) | 9.07 | 9.96 |
| Yield to Maturity (%) | 7.27 | 7.47 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Canara Robeco Income Fund?
Chanakya’s Mutual Fund Guidance For Canara Robeco Income Fund
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