February 22, 2024
mayank
Canara Robeco Manufacturing 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 Manufacturing Fund Open Date, Close Date?
NFO opens on February 16, 2024
NFO will close on March 01, 2024
What is the Investment Strategy?
The scheme seeks to generate long-term capital appreciation by investing predominantly in equities and equity related instruments of companies engaged in the Manufacturing theme.
Basic Details of Canara Robeco Manufacturing Fund?
| Fund House | Canara Robeco Mutual Fund |
| Issue Open | 16 February 2024 |
| Issue Close | 01 March 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 365 days |
| Riskometer | Very High |
| Benchmark | S&P BSE India Manufacturing TRI |
What is the Benchmark Index of Canara Robeco Manufacturing Fund?
The S&P BSE Manufacturing Index is designed to measure the performance of Indian manufacturing and production companies that meet benchmarking and investability requirements, with the goal of providing liquid and investable exposure to this theme.
Methodology Construction:
• Universe. Stocks must be a constituent of the S&P BSE LargeMidCap.
• Constituent Selection. At the annual reconstitution in September, the top 30 manufacturing and production constituents (as defined in Index Eligibility criteria in index methodology) are drawn from the S&P BSE LargeMidCap and are assigned to the S&P BSE India Manufacturing.
• Constituent Weightings. The weight of each BSE Sector in the index is capped at 30% and each individual stock weight is capped at 10%. Weight caps are applied at each semi-annual rebalancing.
Quick Facts
| WEIGHTING METHOD | Modified market cap weighted |
| REBALANCING FREQUENCY | Semiannually in March and September |
| CALCULATION FREQUENCY | End of day |
| CALCULATION CURRENCIES | INR, USD |
| LAUNCH DATE | May 25, 2015 |
| FIRST VALUE DATE | September 16, 2005 |
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MOS | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 1255.9 | 2.71% | 19.63% | 2.71% | 41.14% | 26.15% | 20.25% | 16.13% |
| BENCHMARK* TOTAL RETURNS | 11,782.49 | 1.39% | 17.23% | 1.39% | 31.03% | 20.5% | 17.55% | 16.13% |
| PRICE RETURNS | 939.91 | 2.71% | 18.7% | 2.71% | 37.69% | 23.01% | 17.46% | 14.08% |
| BENCHMARK* PRICE RETURNS | 9,201.91 | 1.37% | 17% | 1.37% | 29.22% | 18.89% | 16.01% | 14.58% |
Calendar Year Performance
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
| TOTAL RETURNS | 37.52% | 9.64% | 27.31% | 16.42% | 5.23% | -3.32% | 32.76% | 4.66% | 0.01% | 32.18% |
| BENCHMARK* TOTAL RETURNS | 24.8% | 5.7% | 28.35% | 16.9% | 10.28% | 1.15% | 34.18% | 5.53% | -0.46% | 35.65% |
| PRICE RETURNS | 34.16% | 6.64% | 24.39% | 13.71% | 3.34% | -4.94% | 31.27% | 3.58% | -1.05% | 30.58% |
| BENCHMARK* PRICE RETURNS | 23.06% | 4.2% | 26.81% | 15.27% | 9.02% | -0.23% | 32.44% | 4.08% | -1.77% | 33.63% |
Risk
| ANNUALIZED RISK | ANNUALIZED RISK-ADJUSTED RETURNS | |||||
| 3 YRS | 5 YRS | 10 YRS | 3 YRS | 5 YRS | 10 YRS | |
| STD DEV | 13.23% | 17.83% | 16.37% | 1.98 | 1.14 | 0.99 |
| BENCHMARK* STD DEV | 13.67% | 18.98% | 16.58% | 1.5 | 0.92 | 0.97 |
Fundamentals
| P/E [TRAILING] | P/E [PROJECTED] | P/B | INDICATED DIV YIELD | P/SALES | P/CASH FLOW |
| 18.4 | 17.49 | 3.42 | 1.71% | 1.38 | 14.21 |
Index Characteristics
| NUMBER OF CONSTITUENTS | 30 |
| CONSTITUENT MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 280,700.32 |
| LARGEST TOTAL MARKET CAP | 1,930,384.1 |
| SMALLEST TOTAL MARKET CAP | 40,371.45 |
| MEDIAN TOTAL MARKET CAP | 202,904.61 |
| WEIGHT LARGEST CONSTITUENT [%] | 9.9 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 63.1 |
Performance Review of the Fund Managers of Canara Robeco Manufacturing Fund?
1) Pranav Gokhale
Education: Mr. Gokhale is a Chartered Accountant & holds M.Com degree.
Experience: Prior to joining Canara Robeco Mutual Fund, he has worked with Invesco Mutual Fund, IL&FS, ICICI Direct, Rosy Blue Securities Pvt. Ltd., and International Ship Repair LLC Fujairiah.
Past Performance of his Schemes
| Fund | Canara Robeco Flexi Cap Fund | It’s Benchmark | Canara Robeco Mid Cap Fund | It’s Benchmark |
| 1 Year | 27.08 | 33.42 | 38.33 | 52.95 |
| 3 Year | 17.99 | 21.83 | — | — |
| 5 Year | 17.12 | 18.48 | — | — |
| 7 Year | 16.34 | 16.62 | — | — |
| 10 Year | 15.98 | 16.84 | — | — |
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 | 25.95 | 27.28 | 27.08 | 33.42 |
| 3 Year | 16.43 | 19.28 | 17.99 | 21.83 |
| 5 Year | 17.12 | 16.81 | 17.12 | 18.48 |
| 7 Year | 15.91 | 15.83 | 16.34 | 16.62 |
| 10 Year | 15.68 | 15.54 | 15.98 | 16.84 |
Which Company Owns Canara Robeco Manufacturing 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 Manufacturing Fund NFO?
Guidance for Canara Robeco Manufacturing Fund by Paresh Gordhandas, C.A., Research Analyst.
This is a thematic fund, which focuses on the manufacturing capabilities of Indian companies. With government’s focus on accelerating Make in India, manufacturing companies are in the limelight.
This fund can be compared to the Axis India Manufacturing Fund , ICICI Prudential Manufacturing Fund and the recently launched Quant Manufacturing Fund.
The fund has the S&P BSE Manufacturing Index as its benchmark. Companies like Tata Motors, Reliance Industries, Sun Pharma, Bajaj Auto etc are part of the constituents of the Benchmark Index.
While analyzing a fund/NFO the stock picking skills of the Fund Manager also need to be taken into consideration. We have done a sample comparison of the funds managed by the two Fund Managers(FM). You can refer the tables above for the same. If you take a look, you will notice that their performance is reasonably OK.
One can invest a small amount in this NFO.
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