3 Year return

0
Launched on July 2022 (2 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

Moderate Risk

Your principal will be at

Moderate Risk

Scheme Information

Asset Under Management

₹405.32 Cr.

Expense Ratio

0.39% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Canara Robeco Mutual Fund Managers

AJ

Avnish Jain

Fund Manager since Jul 2022

Fund House Details

Canara Robeco Mutual Fund

Canara Robeco Mutual Fund Asset management company

AUM ₹87,069.50 Cr.
No. of Schemes 88
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Canara Robeco Mutual Fund

List of mutual fund schemes by AMC

About the Canara Robeco Banking and PSU Debt Fund Direct Plan Growth

The Canara Robeco Banking and PSU Debt Fund Direct Plan Growth is a debt fund that invests primarily in bonds issued by banks and public sector undertakings (PSUs). It aims to generate income by investing in high-quality debt securities with a focus on banking and PSU issuers. The fund has a low risk profile and is suitable for investors who are looking for regular income with moderate capital growth.

Investment Objectives of the Scheme

The investment objective of the Canara Robeco Banking and PSU Debt Fund Direct Plan Growth is to generate income by investing in a diversified portfolio of high-quality debt securities, with a focus on banking and PSU issuers. The fund aims to achieve this objective by investing in a mix of short-term and long-term debt securities, with an emphasis on securities with good credit ratings. The Canara Robeco Banking and PSU Debt Fund Direct Plan Growth is an open-ended fund. The expense ratio of the Canara Robeco Banking and PSU Debt Fund Direct Plan Growth is lower than the category average.

Key Features of The Fund

5-year return NA
Expense Ratio 0.39%
Fund Manager Avnish Jain
Fund Size ₹405.32 Cr
Risk Profile Moderate

Is This Scheme Right for Me?

The Canara Robeco Banking and PSU Debt Fund Direct Plan Growth is suitable for investors who are looking for: Regular income Moderate capital growth A low risk profile Exposure to the banking and PSU sectors

AMC Contact Details

Name Canara Robeco Mutual Fund
Launch Date December 1987
Addresss 4th Floor - Construction House, 5 - Walchand Hirachand Marg, Mumbai 400001
Contact 1800-209-2726
Email crmf@canararobeco.com
Website https://www.canararobeco.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Enhance the Creation of Long-Term Wealth With SIPs

SIPs are an effective strategy for building long-term wealth. SIPs leverage the power of compounding by continuously making small, regular investments at regular periods, which lets your money increase substantially over time. This tactic works especially well for reaching financial goals in the long run. With the help of mutual fund SIP calculator, you can efficiently plan your SIP investments and estimate possible returns.

FAQs

What is today's NAV of Canara Robeco Banking and PSU Debt Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Canara Robeco Banking and PSU Debt Fund May 24 2024 is 11.1655

What is the AUM of Canara Robeco Banking and PSU Debt Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Canara Robeco Banking and PSU Debt Fund is 405.32 crore.

What is the expense ratio of Canara Robeco Banking and PSU Debt Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Canara Robeco Banking and PSU Debt Fund is 0.39%

What are the returns of Canara Robeco Banking and PSU Debt Fund since inception?

The Canara Robeco Banking and PSU Debt Fund was launched on Jul 29 2022. The fund has delivered a CAGR of 6.48 since inception.

What is the minimum SIP amount to invest in Canara Robeco Banking and PSU Debt Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Canara Robeco Banking and PSU Debt Fund is 1000.

How do I invest in Canara Robeco Banking and PSU Debt Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Canara Robeco Banking and PSU Debt Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Canara Robeco Banking and PSU Debt Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Canara Robeco Banking and PSU Debt Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.