February 22, 2024
mayank
Canara Robeco Ultra Short Term Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 3,658.7519
Weekly NAV IDCW: Rs 1,240.7100
Monthly NAV IDCW: Rs 1,004.2229
NAV IDCW: Rs 2,094.1037
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
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 the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to generate returns by investing in a wide range of debt securities and money market instruments of various maturities and risk profile.
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) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 100 |
| 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 | 6.86% |
| Benchmark | CRISIL Ultra Short Duration Debt B-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 487 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.43% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of Canara Robeco Ultra Short Term Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco Ultra Short Term Dir | 1.00 | 0.03 | 0.61 | 1.71 | 3.39 | 7.05 | 5.06 | 5.36 | 5.72 | 6.61 |
| 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: Ultra Short Duration | 1.05 | 0.02 | 0.64 | 1.79 | 3.56 | 7.35 | 5.56 | 5.92 | 5.97 | 6.80 |
| Rank within category | 22 | 1 | 22 | 22 | 22 | 21 | 21 | 17 | 9 | 9 |
| Number of funds in category | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 18 | 11 | 11 |
Peer Comparison of Canara Robeco Ultra Short Term 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 Ultra Short Term Dir | 2 star | 7.05 | 5.06 | 5.36 | 0.43 | 487 | 6.86 | — | 11Y 1M |
| ICICI Pru Ultra Short Term Dir | 5 star | 7.53 | 5.84 | 6.61 | 0.39 | 13,854 | 8.04 | — | 11Y 1M |
| Nippon India Ultra Short Duration Dir | 5 star | 7.66 | 7.37 | 5.73 | 0.38 | 5,319 | 7.13 | — | 11Y 1M |
| Axis Ultra Short Term Dir | 4 star | 7.60 | 5.72 | 6.24 | 0.31 | 4,582 | 6.47 | — | 5Y 5M |
| Tata Ultra Short Term Dir | 4 star | 7.59 | 5.62 | 5.93 | 0.31 | 2,377 | 5.96 | — | 5Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 19 | 49 |
| Macaulay Duration (yrs) | 0.40 | 0.40 |
| Average Maturity (yrs) | 0.39 | 0.42 |
| Yield to Maturity (%) | 7.64 | 7.73 |
| Avg Credit Rating | AAA | — |
How to Invest in Canara Robeco Ultra Short Term Fund?
Chanakya’s Mutual Fund Guidance For Canara Robeco Ultra Short Term Fund
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