3 Year return

6.26%
Launched on January 2013 (11 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹843.31 Cr.

Expense Ratio

0.33% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
2.5

Ratings by other agencies

2
5
4

Tax Implications

Tax on gains as per your income tax bracket

Fund Holdings

Holdings

Canara Robeco Mutual Fund Managers

SP

Suman Prasad

Fund Manager since Jul 2019

View Details

Fund House Details

Canara Robeco Mutual Fund

Canara Robeco Mutual Fund Asset management company

AUM ₹106,840.16 Cr.
No. of Schemes 91
Setup Date December 1987

Peer Comparison

Comparison with other similar funds

Funds
3 Y Returns
ARQ Rating

JM Low Duration Fund

6.32%

3.5

UTI Low Duration Fund

6.36%

5

HDFC Low Duration Fund

6.66%

4

Schemes by Canara Robeco Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

Canara Robeco Balanced Advantage Fund Direct Plan Growth

0%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

Canara Robeco Balanced Advantage Fund Direct Plan IDCW Payout

0%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

Canara Robeco Balanced Advantage Fund Direct Plan IDCW Reinvestment

0%

About the Canara Robeco Savings Fund Direct Plan Growth

The Canara Robeco Savings Fund Direct Plan Growth is an equity linked savings scheme (ELSS) managed by Canara Robeco Mutual Fund. It is a direct plan, which means that you will pay lower fees than if you invested in a regular plan. The fund has a growth option, which means that your investment returns are reinvested in the fund to grow your investment over time.

Investment Objectives of the Scheme

The investment objective of the Canara Robeco Savings Fund Direct Plan Growth is to generate long-term capital appreciation by investing in a diversified portfolio of equity stocks. The fund seeks to achieve its objective by investing in stocks of companies that are expected to grow their earnings over the long term.

Key Features of The Fund

5-year return 5.82%
Expense Ratio 0.33%
Fund Manager Suman Prasad
Fund Size ₹843.31 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

The Canara Robeco Savings Fund Direct Plan Growth is a good option for investors who are looking for an investment that generates long-term capital appreciation with moderate risk. The fund is suitable for investors who have a moderate to high risk tolerance and are looking for an investment that can help them save for their long-term financial goals, such as retirement.

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.

Take the Guessing out of Investing

Compounding in SIP can make it difficult to estimate the expected returns in a mutual fund. The process of guessing can be replaced with estimating as Angel One's free SIP calculator gives you the approximate amount to be expected. The SIP calculator online takes into consideration the principle of compounding and gives your return amount depending on variables such as years, SIP amount as well as the expected rate of return.

FAQs

What is today's NAV of Canara Robeco Savings 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 Savings Fund Nov 06 2024 is 41.1836

What is the AUM of Canara Robeco Savings 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 Savings Fund is 843.31 crore.

What is the expense ratio of Canara Robeco Savings 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 Savings Fund is 0.33%

What are the returns of Canara Robeco Savings Fund since inception?

The Canara Robeco Savings Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 7.26 since inception.

What is the minimum SIP amount to invest in Canara Robeco Savings 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 Savings Fund is 1000.

How do I invest in Canara Robeco Savings 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 Savings 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 Savings 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 Savings 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.