February 22, 2024
mayank
Canara Robeco Liquid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 2,870.2163
Weekly NAV IDCW: Rs 1,000.0906
Monthly NAV IDCW: Rs 1,004.2847
NAV IDCW Fortnightly: Rs 2,054.1940
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The fund seeks enhancement of income while maintaining a high level of liquidity through investment in a mix of money market instruments and debt securities.
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 | Exit load of 0.0070% if redeemed within 1 day |
| 0.0065% if redeemed within 2 days | |
| 0.0060% if redeemed within 3 days | |
| 0.0055% if redeemed within 4 days | |
| 0.0050% if redeemed within 5 days | |
| 0.0045% if redeemed within 6 days. |
Basic Details
| Fund House | Canara Robeco Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.67% |
| Benchmark | CRISIL Liquid Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 3,513 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.12% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%) of Canara Robeco Liquid Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco Liquid Dir | 1.04 | 0.02 | 0.62 | 1.84 | 3.62 | 7.25 | 5.29 | 5.07 | 5.62 | 6.38 |
| 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: Liquid | 1.03 | 0.02 | 0.61 | 1.82 | 3.58 | 7.17 | 5.28 | 5.20 | 5.74 | 6.49 |
| Rank within category | 9 | 13 | 13 | 12 | 11 | 12 | 24 | 27 | 27 | 26 |
| Number of funds in category | 36 | 37 | 36 | 36 | 36 | 35 | 34 | 33 | 30 | 29 |
Peer Comparison of Canara Robeco Liquid 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 Liquid Dir | 4 star | 7.25 | 5.29 | 5.07 | 0.12 | 3,513 | 6.67 | 0.01 (1) | 11Y 1M |
| ABSL Liquid Dir | 5 star | 7.31 | 5.37 | 5.33 | 0.21 | 38,638 | 6.88 | 0.01 (1) | 11Y 1M |
| Axis Liquid Dir | 4 star | 7.26 | 5.34 | 5.29 | 0.15 | 25,538 | 6.84 | 0.01 (1) | 11Y 1M |
| UTI Liquid Dir | 4 star | 7.25 | 5.34 | 5.27 | 0.18 | 22,272 | 6.81 | 0.01 (1) | 11Y 1M |
| Mirae Asset Liquid Dir | 4 star | 7.25 | 5.34 | 5.27 | 0.12 | 11,106 | 6.67 | 0.01 (1) | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 44 | 59 |
| Macaulay Duration (yrs) | 0.10 | 0.09 |
| Average Maturity (yrs) | 0.10 | 0.09 |
| Yield to Maturity (%) | 7.37 | 7.28 |
| Avg Credit Rating | AAA | — |
How to Invest in Canara Robeco Liquid Fund?
Chanakya’s Mutual Fund Guidance For Canara Robeco Liquid Fund
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