February 22, 2024
mayank
Canara Robeco Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 39.0211
Weekly NAV IDCW: Rs 10.2600
Monthly NAV IDCW: Rs 10.3023
NAV IDCW: Rs 34.8834
Suitable For Which Investors?
“Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.”
Fund’s Investment Strategy:
The Scheme seeks to generate income/capital appreciation by investing in a portfolio comprising of low duration debt instruments and money market instruments.
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 | 7.22% |
| Benchmark | CRISIL Low Duration Debt B-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 886 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.29% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | Low |
Trailing Returns (%) of Canara Robeco Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco Savings Dir | 1.02 | 0.02 | 0.62 | 1.80 | 3.48 | 7.43 | 5.24 | 5.93 | 6.28 | 7.03 |
| 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: Low Duration | 1.06 | 0.03 | 0.65 | 1.83 | 3.55 | 7.52 | 5.76 | 6.08 | 6.45 | 7.15 |
| Rank within category | 19 | 20 | 19 | 17 | 18 | 12 | 20 | 14 | 14 | 11 |
| Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 17 |
Peer Comparison of Canara Robeco Savings 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 Savings Dir | 2 star | 7.43 | 5.24 | 5.93 | 0.29 | 886 | 7.22 | — | 11Y 1M |
| HDFC Low Duration Dir | 4 star | 7.80 | 5.78 | 6.79 | 0.45 | 16,395 | 7.66 | — | 11Y 1M |
| ABSL Low Duration Dir | 4 star | 7.69 | 5.95 | 6.89 | 0.40 | 12,877 | 7.98 | — | 11Y 1M |
| Nippon India Low Duration Dir | 4 star | 7.57 | 5.91 | 6.43 | 0.37 | 5,747 | 7.63 | — | 11Y 1M |
| UTI Low Duration Dir | 5 star | 7.41 | 7.22 | 4.74 | 0.35 | 3,148 | 6.85 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 28 | 66 |
| Macaulay Duration (yrs) | 0.93 | 0.91 |
| Average Maturity (yrs) | 1.05 | 1.19 |
| Yield to Maturity (%) | 7.70 | 7.89 |
| Avg Credit Rating | AAA | — |
How to Invest in Canara Robeco Savings Fund?
Chanakya’s Mutual Fund Guidance For Canara Robeco Savings Fund
Apply Online: https://www.canararobeco.com/product/productlist
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