3 Year return

0
Launched on November 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

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹2223.58 Cr.

Expense Ratio

0.59% (inclusive of GST)

Exit Load

1.00% - If redeemed / Switched-out within 365 days from the date of allotment. Nil - If redeemed / switched-out after 365 days from the date of allotment.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Canara Robeco Mutual Fund Managers

AK

Ajay Khandelwal

Fund Manager since Jan 2024

View Details

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 Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment

The Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment is offered by Canara Robeco Mutual Fund. It is a mid-cap fund that invests in a mix of mid-cap companies. Mid-cap stocks belong to companies with medium-sized market capitalisation with considerable growth potential and stability. The IDCW (Income Distribution cum Capital Withdrawal) Reinvestment option allows dividends to be automatically reinvested in the fund, potentially enhancing the overall growth of the investment.

Investment Objective of the Scheme

The investment objective of the Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment fund is to offer investors long-term capital appreciation. The fund aims to do this by investing in a mix of large-cap and mid-cap stocks.

Key Features of The Fund

5-year return NA
Expense Ratio 0.59%
Fund Manager Ajay Khandelwal
Fund Size ₹2223.58 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment fund can be a good option for investors for long-term growth and are comfortable with medium risk. The ideal investment horizon for this scheme is 5-10 years, so only investors comfortable with such a timeline should consider this investment option. Ultimately, it is best to do in-depth research about the scheme and evaluate personal factors such as risk appetite, investment horizon, financial goals, etc. before making a decision.

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.

Explore Tax-Saving Investment Advantages With SIPs

You can deduct ₹1.5 lakh from your taxable income by investing in an Equity Linked Savings Scheme (ELSS) through SIP, as allowed by Section 80(C) of the Income Tax Act, 1961. With a SIP in ELSS, individuals whose income is in the highest tax bracket (30%) can save about ₹45,000 annually. Plan tax-efficient investments and estimate possible returns utilising systematic investment plan calculator.

FAQs

What is today's NAV of Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment?

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 Mid Cap Fund Direct Plan IDCW Reinvestment Jun 13 2024 is 16.16

What is the AUM of Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment?

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 Mid Cap Fund Direct Plan IDCW Reinvestment is 2223.58 crore.

What is the expense ratio of Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment?

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 Mid Cap Fund Direct Plan IDCW Reinvestment is 0.59%

What are the returns of Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment since inception?

The Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment was launched on Nov 11 2022. The fund has delivered a CAGR of 35.83 since inception.

What is the minimum SIP amount to invest in Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment?

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 Mid Cap Fund Direct Plan IDCW Reinvestment is 1000.

How do I invest in Canara Robeco Mid Cap Fund Direct Plan IDCW Reinvestment?

  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 Mid Cap Fund Direct Plan IDCW Reinvestment?

  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 Mid Cap Fund Direct Plan IDCW Reinvestment?

  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 Mid Cap Fund Direct Plan IDCW Reinvestment?

  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.