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Canara Robeco Mutual Funds

About Canara Robeco Mutual Fund

Canara Robeco Mutual Fund is a joint venture between the inoperative Canbank Mutual Fund and Robeco Groep N.V. It is also called Canara Robeco Asset Management Company Ltd (CRAMC). Established in 1987, Canbank Mutual Fund (India's second oldest mutual fund) was Canara Bank's Asset Management Company (AMC).

Established in 1929, Robeco Groep N.V. is a multinational AMC. It was initially the asset management arm of Rabobank. Later in 2001, Robeco was acquired by Rabobank. In 2013, Orix Europe bought a 90.01% stake in Robeco from Rabobank and the remaining stake in 2016.

Currently, Robeco Groep N.V. has 15 offices across the globe and employs 900+ individuals. It manages an AUM of ~Rs. 15,677 billion as of March 2019. In FY 2017-18, Robeco Groep N.V. had a net revenue of ~Rs. 51,022.94 million, a Profit Before Tax (PBT) of ~Rs. 9,626.26 million, and a Profit After Tax (PAT) of ~Rs. 7,238.66 million.

Canara Robeco Asset Management Company Limited was formed in 2007 when Canbank Mutual Fund sold its stake of 49% to Netherlands-based investment management firm Robeco Groep N.V. Canara Robeco AMC offers a variety of investment options including monthly income and hybrid funds, thematic and diversified equity schemes and debt and treasury funds.

Canara Robeco Mutual Fund AMC has 22 branches across India. As of FY 2017-18, the Canara Robeco AMC has a net income of Rs. 10915.37 lakh, a PBT of Rs. 3240.56 lakh and a PAT of Rs. 2270.50 lakh. Its AUM as of May 2022 is Rs. 47955.87 crore.

Canara Robeco Asset Management Company Key Information

Founding date 19 December 1987
AMC Incorporation date 2 March 1993
Headquarters in Mumbai
Name of the sponsors Canara Bank
Orix Corporation Europe N.V. (formerly known as Robeco Groep N.V.
Trustee organisation Canara Robeco Mutual Fund
MD and CEO Mr Rajnish Narula
Chief Investment Officer Mr Ashutosh Vaidya
Compliance Officer -

Canara Robeco Mutual Fund Manager

SP

Ms Suman Prasad

HIDE

Associated with Canara Robeco MF since 1977, Ms Suman Prasad manages an AUM of Rs. 5152 crore, which is invested across 30 schemes, including Canara Robeco Liquid Fund, Canara Robeco Savings Fund, Canara Robeco Ultra Short Term Fund, and Canara Robeco Short Duration Fund. She is an MBA in Finance from the SDM Institute for Management Development.

MG

Mr Miyush Gandhi

View

AK

Mr Abhinav Khandelwal

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How to Invest in Canara Robeco Mutual Fund?

When you invest in the Canara Robeco Mutual Fund via your Angel One Demat account, you can enjoy a hassle-free process. All you have to do is follow these steps:

Step 1: Log in to your Angel One account with your registered mobile number, validate the OTP, and then enter your MPIN.

Note:If you don’t have an Angel One Demat account, you can open one in under a few minutes by submitting the necessary documents.

Step 2: Find the most suited Canara Robeco MF based on your goals and risk profile. To do this, learn more about each fund offered by the AMC on the Angel One app. At this stage, consider the following to evaluate the funds:

  1. Find your desired fund or choose one from those listed by Angel One.
  2. Analyse the fund’s historical performance, sectoral and stock holdings, and tax incidence. Ascertain the estimated earnings on investment using the returns calculator.
  3. Understand the scheme’s level of risk and see if it aligns with your tolerance.
  4. Consider the fund’s ratings assigned by reputed rating agencies. Typically, mutual funds are rated from 1 to 5 based on various parameters like consistency, risk, returns, etc.
  5. Check the fund’s expense ratio to estimate the cost of investing in it.

Step 3: Once you choose the fund(s) you want to invest in, open your Angel One Demat account and head to the Mutual Funds section. Search for the Canara Robeco MF that you have shortlisted.

  1. You have two investment route options - lump sum or monthly SIP. Choose one based on your convenience.
  2. Key in the investment amount and choose a payment method. Although UPI is the preferred mode, you can also choose net banking.
  3. After placing the order, if you have chosen the SIP option, create a mandate to make timely future instalments.

Top 5 Canara Robeco Mutual Funds to Invest in

Name Sub Category Minimum Lumpsum (Rs.) AUM (Rs. in crore) CAGR 3Y (%) CAGR 5Y (%)
Canara Rob Equity Tax Saver Fund Equity Linked Savings Scheme (ELSS) 500 4576.02 26.34 15.39
Canara Rob Consumer Trends Fund Sectoral Fund - Consumption 5000 932.26 24.79 15.07
Canara Rob Bluechip Equity Fund Large Cap Fund 5000 8672.96 23.33 14.30
Canara Rob Flexi Cap Fund Flexi Cap Fund 5000 8608.80 23.47 13.66
Canara Rob Emerg Equities Fund Large & Mid Cap Fund 5000 15204.91 25.27 12.38

Disclaimer: The above-mentioned top funds are for informational purposes only and are not recommendations. The funds are based on 5-yr CAGR dated 20th March 2023, which is subject to change frequently. Check out real-time data in the Mutual Funds section on Angel One.

1. Canara Rob Equity Tax Saver Fund

This Canara Robeco Mutual Fund is an Equity Linked Savings Scheme (ELSS) with an AUM of Rs. 4576.01 crore. Canara Rob Equity Tax Saver Fund tracks the S&P BSE 500 - TRI. The fund has an expense ratio of 0.61%.

2. Canara Rob Consumer Trends Fund

Having an AUM of Rs. 932.26 crore, Canara Rob Consumer Trends Fund is a Sectoral Fund in the consumption category. The fund tracks the benchmark S&P BSE 100 - TRI. It has an expense ratio of 6.35%.

3. Canara Rob Bluechip Equity Fund

Canara Rob Small Cap Fund has an AUM of Rs. 8,672 crore. It has an expense ratio of 0.48%. The fund follows the benchmark S&P BSE 100 - TRI.

4. Canara Rob Flexi Cap Fund

This is a Sectoral Fund under the infrastructure category with an AUM of Rs. 8,608 crore. It has an expense ratio of 0.55%. Canara Rob Infrastructure Fund tracks S&P BSE 500 - TRI.

5. Canara Rob Emerg Equities Fund

This Canara Robeco Mutual Fund is a large and mid-cap fund with an AUM of Rs. 15,204 crore. The fund has an expense ratio of 0.60%. Canara Rob Emerg Equities Fund follows the benchmark NIFTY LargeMidcap 250 - TRI.

FAQs

Should I invest in the Canara Robeco Mutual Fund scheme?

Canara Robeco Mutual Fund is a reputed fund house in India. It offers a variety of schemes across asset classes. You can choose to invest in one according to your financial goal, risk profile, and investment horizon.

Also, evaluate individual funds based on risk, past performance, volatility, expense ratio, etc. Angel One to make data-backed investment decisions.

How to start Canara Robeco Mutual Fund SIP online?
Search for the Canara Robeco Mutual Fund scheme on Angel One under the Mutual Fund section. Enter a comfortable instalment amount and click on proceed. Before doing this, ensure you have enough funds in your account for the transaction to go through. Alternatively, you can also start an online SIP vis the AMC website.
How to redeem Canara Robeco Mutual Fund online?
You can redeem your units Canara Robeco MF in two ways - via AMC’s website and Angel One. For the latter route, head to the Mutual Funds section under Angel One App or visit https://www.angelone.in/mutual-funds/.
How much time does it take to redeem Canara Robeco Mutual Fund?
The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.
What are the redemption charges of Canara Robeco Mutual Fund?
Redemption charges of Canara Robeco Mutual Fund depend on the type of fund you want to sell. Generally, an exit load and taxes are applicable.
How to increase the SIP amount in Canara Robeco Mutual Fund?
You can do this in three ways - by visiting https://www.angelone.in/mutual-funds/., the Angel One App or the AMC’s official website by opting for the SIP top-up facility.
How can I get the Canara Robeco Mutual Fund statement?
Getting the Canara Robeco Mutual Fund account statement is simple. Head to Mutual Funds section in the Angel One App or visit https://www.angelone.in/mutual-funds/. and go to Reports. Alternatively, you can get the statement by visiting Canara Robeco Mutual Fund's official website.
Are Canara Robeco Mutual Fund schemes tax-free?
Not all schemes are tax-free. As with any other ELSS, the one offered by Canara Robeco MF also comes with tax benefits. By investing in Canara Robeco Mutual Fund ELSS Funds, you can claim a tax deduction of up to Rs. 1.5 lakh under Section 80C every financial year.

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