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Introduction to the Fund
Canara Robeco Mutual Fund (managed by Canara Robeco Asset Management Company) is a joint venture between Canara Bank and Robeco of Netherlands, a global asset management company. The Canara Robeco Mutual Fund is the second oldest Mutual Fund in India. This started as the CanBank Mutual Fund in December 1987. They decided to partner with Robeco in 2007 and thereafter, took on the new current name. It is one of the fastest growing Mutual Funds in the country today and has about 18 different schemes catering to various demands.
Types of Mutual Fund offered by Canara Robeco
There are four main types of Mutual Fund offered by Canara Robeco namely, Equity scheme, Hybrid scheme, Debit scheme and other schemes. Under the Equity scheme, there are 6 sub-schemes, Hybrid has 3, Debt has 9 schemes and Others hold 2 different types of sub-schemes. The funds are managed by dedicated Fund Managers who have years of experience in managing the assets and leveraging market portfolio to increase the wealth of investors.
Equity Scheme
The Equity Mutual Fund is a medium to long-term scheme. The main objective of this scheme is to create capital appreciation and/or income from a portfolio of equity and equity related instruments of companies.
Canara Robeco Equity Diversified Fund
| Description | Open-ended multi-cap fund following a predominantly bottom-up investment approach with a focus on fundamentally sound companies which are likely to deliver superior capital appreciation over long term |
| Objective | Generate capital appreciation by investing in equity and equity related securities |
| Suitable for | Investors seeking capital appreciation over long term Investment in equity and equity related instruments across large cap, mid cap, small cap stocks |
| Date of Allotment | September 16, 2003 |
| Asset Allocation | Equity & Equity Related Instruments - 65% to 100% (Risk- High) Debt and money- market instruments - 0% to 35% (Risk- Low to medium) Reits/Invits- 0% to 10% (Risk- Medium to High) |
| Benchmark | S&P BSE 200 TRI |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan- Dividend Reinvestment Option/ Pay-out Option Direct Plan- Growth Option Direct Plan- Dividend Reinvestment Option/ Pay-out Option |
| Entry Load | Nil |
| Exit Load | 1% - if redeemed/switched out within 1 year from the date of allotment. Nil – if redeemed / switched out after 1 year from the date of allotment. |
| Riskometer | Moderately High Risk |
Canara Robeco Blue Chip Equity Fund
| Description | Open-ended large cap fund investing in Top 100 companies based on their market capitalization |
| Objective | Provide capital appreciation by predominantly investing in companies having large market capitalization |
| Suitable for | Investors seeking capital appreciation over long term Investing predominantly in equities and equity related instruments of large cap companies |
| Date of Allotment | August 20,2010 |
| Asset Allocation | Large Cap equity and equity related instruments* 80% to 100% (Risk- High) Other Equity and equity related instruments - 0% to 20% (Risk- Low) Debt and Money Market Instruments - 0% to 20% (Risk- Low to Medium) Reits/Invits- 0% to 10% (Risk- Medium to High) |
| Benchmark | S&P BSE 100 TRI |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan- Dividend Reinvestment Option/ Pay-out Option Direct Plan- Growth Option Direct Plan- Dividend Reinvestment Option/ Pay-out Option |
| Entry Load | Nil |
| Exit Load | 1% - if redeemed/switched out within 1 year from the date of allotment. Nil – if redeemed / switched out after 1 year from the date of allotment |
| Riskometer | Moderately High Risk |
Canara Robeco Emerging Equities
| Description | Open-ended large & mid cap fund follows bottom up approach to invest in a well-diversified portfolio of companies within large and mid-cap universe. |
| Objective | Provide capital appreciation by investing in a diversified portfolio of large and mid-cap stocks |
| Suitable for | Investors seeking capital appreciation over long term Investing predominantly in equities and equity related instruments of large and mid-cap companies |
| Date of Allotment | August 11,2005 |
| Asset Allocation | Large Cap equity and equity related instruments* - 35% to 65%. (Risk- High) Mid Cap equity and equity related instruments* - 35% to 65% (Risk- High) Other equity and equity related instruments, debt and money market instruments - 0% to 30% (Risk- Low to Medium) Reits/Invits- 0% to 10%.(Risk- Medium to High)Other |
| Benchmark | S&P BSE 200 TRI |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan- Dividend Reinvestment Option/ Pay-out Option Direct Plan- Growth Option Direct Plan- Dividend Reinvestment Option/ Pay-out Option |
| Entry Load | Nil |
| Exit Load | 1% - If redeemed/switched out within 1 year from the date of allotment Nil - if redeemed/switched out after 1 year from the date of allotment |
| Riskometer | Moderately High Risk |
Canara Robeco Infrastructure
| Description | Open-ended thematic fund which endeavours to capture opportunities in the Indian infrastructure space. The fund follows a thematic approach towards Infrastructure with a 'Growth' style of investing. The fund aims to have concentrated holdings on high conviction ideas |
| Objective | To generate income /capital appreciation by investing in equities and equity related instruments of companies in the infrastructure sector |
| Suitable for | Investors seeking capital appreciation over long term Investing predominantly in equities and equity related instruments of companies following the Infrastructure theme |
| Date of Allotment | December 2,2005 |
| Asset Allocation | Equity and equity related instruments of companies in the Infrastructure sector including derivatives of such companies - 80% to 100% (Risk- High) Debt and Money Market instruments - 0% to 20% (Risk- Low to Medium) Reits/Invits- 0% to 10% (Risk- Medium to High) |
| Benchmark | S&P BSE India Infrastructure TRI |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan- Dividend Reinvestment Option/ Pay-out Option Direct Plan- Growth Option Direct Plan- Dividend Reinvestment Option/ Pay-out Option |
| Entry Load | Nil |
| Exit Load | 1% - If redeemed/switched out within 1 year from the date of allotment Nil - if redeemed/switched out after 1 year from the date of allotment |
| Riskometer | High Risk |
Canara Robeco Consumer Trend Funds
| Description | Open-ended fund predominantly investing in companies which directly or indirectly benefits from the growing consumption demand and looks for opportunity to invest in companies which benefit from aspirational consumption and financial penetration theme. |
| Objective | Provide long-term capital appreciation by primarily investing in equity and equity related securities of companies which directly or indirectly benefit from the growing consumer demand in India. |
| Suitable for | Investors seeking capital appreciation over long term Investing predominantly in equities and equity related securities of companies following the Consumption and Financial Theme |
| Date of Allotment | September 14,2009 |
| Asset Allocation | Equity and equity related instruments of companies which directly or indirectly benefit from the growing consumer demand in India - 80% to 100%. (Risk- High) Other Equity and equity related instruments - 0% to 20%. (Risk- High) Debt and Money Market instruments - 0% to 20%. (Risk- Medium to Low) |
| Benchmark | S&P BSE 100 TRI |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan - Growth Regular Plan - Dividend Reinvestment Regular Plan - Dividend Pay-out Direct Plan- Growth Option Direct Plan- Dividend Reinvestment Option/ Pay-out Option |
| Entry Load | Nil |
| Exit Load | 1% - If redeemed/switched out within 1 year from the date of allotment Nil - if redeemed/switched out after 1 year from the date of allotment |
| Riskometer | High Risk |
Canara Robeco Equity Tax Saver Fund
| Description | Open-ended ELSS with a 3-year lock-in period providing Tax Benefits under Sec 80 C of Income Tax Act. The fund benefits from long term investing due to its lock-in and benefits from power of compounding. |
| Objective | Provide long-term capital appreciation by primarily investing in equities to facilitate subscribers to seek tax benefits as provided under Sec 80 C of the Income Tax Act,1961. |
| Suitable for | Investors seeking capital appreciation over long term Investing predominantly in equities and equity related securities with a statutory lock of 3 years and tax benefit |
| Date of Allotment | March 31,1993 |
| Asset Allocation | Equity and equity related instruments - 80% to 100% (Risk- High) Money Market instruments- 0% to 20% (Risk- Low) |
| Benchmark | S&P BSE 100 TRI |
| Minimum Investment | Rs. 500 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan- Dividend Option Direct Plan- Growth Option Direct Plan- Dividend Option |
| Entry Load | Nil |
| Exit Load | Nil |
| Riskometer | Moderately High Risk |
Debt Scheme
The Debt Scheme under this Mutual Fund provides regular income to investors by carefully investing in fixed income securities like the government securities, treasury bills, bonds, corporate debentures, bonds and so on.
Canara Robeco Liquid Fund
| Description | Open-ended debt scheme investing in only short-term money market instruments with a residual maturity up to 91 days. The fund aims to provide liquidity at all the time. The fund is suitable for investments with very short term horizon & to park surplus money. |
| Objective | Enhancement of income, while maintaining a level of high liquidity, through investment in a mix of Money Market Instruments & Debt Securities |
| Suitable for | Investors seeking capital appreciation while maintaining a level of high liquidity Investment in a mix of Debt and Money Market instruments with maturity of up to 91 days only |
| Date of Allotment | January 15, 2002 |
| Asset Allocation | Money Market Instruments / call money - 65% to 100% (Risk- Low) Debt (including securitized debt) - 0% to 35% (Risk- Medium) |
| Benchmark | Crisil Liquid Fund Index |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Regular Plan - Weekly Dividend Reinvestment Regular Plan - Weekly Dividend pay-out Regular Plan - Monthly Dividend Reinvestment Regular Plan - Monthly Dividend Pay-out Direct Plan - Growth Option Direct Plan -Daily Dividend Reinvestment Direct Plan - Weekly Dividend Reinvestment Direct Plan - Weekly Dividend pay-out Direct Plan - Monthly Dividend Reinvestment Direct Plan - Monthly Dividend Pay-out Direct Plan - Dividend Pay-out Unclaimed Redmp & Dividend Plan-Direct Growth |
| Entry Load | Nil |
| Exit Load | Nil |
| Riskometer | Low Risk |
Canara Robeco Ultra Short Term Fund
| Description | Open-ended ultra-short-term debt scheme which seeks to provide consistent income and liquidity through investments made primarily in money market and debt securities following a low risk strategy. The portfolio duration of the fund tends to be slightly higher than a liquid fund but investments are made in debt instruments in a way that the Macaulay duration of the portfolio is between 3 months and 6 months. |
| Objective | Generate returns by investing in a wide range of debt securities and money market instruments of various maturities and risk profile. |
| Suitable for | Investors seeking capital appreciation over ultra-short-term through a low risk strategy Investment in a mix of Debt and Money Market instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months |
| Date of Allotment | September 16, 2003 |
| Asset Allocation | Debt and Money Market instruments- 0% to 100% (Risk- Low to Medium) Reits / Invits- 0% to 10% (Risk- Medium to High) |
| Benchmark | Crisil Liquid Fund Index |
| Minimum Investment | Rs. 500 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Regular Plan - Weekly Dividend Reinvestment Regular Plan - Weekly Dividend Pay-out Regular Plan - Monthly Dividend Reinvestment Regular Plan - Monthly Dividend Pay-out Regular Plan - Dividend Pay-out Direct Plan - Growth Option Direct Plan - Daily Dividend Reinvestment Direct Plan - Weekly Dividend Reinvestment Direct Plan - Weekly Dividend Pay-out Direct Plan - Monthly Dividend Reinvestment Direct Plan - Monthly Dividend Pay-out Direct Plan - Dividend Pay-out |
| Entry Load | Nil |
| Exit Load | Nil |
| Riskometer | Low Risk |
Canara Robeco Savings Fund
| Description | Open-ended low duration debt scheme aiming at primarily generating accrual income from investments in money market and debt securities. The Scheme is ideally suited for investors looking at a comparatively lower risk strategy short term debt fund with a Macaulay duration between 6 months and 12 months. |
| Objective | Generate income / capital appreciation by investing in a portfolio comprising of low duration debt instruments and money market instruments |
| Suitable for | Investors seeking capital appreciation over a low duration strategy Investment in debt & money market instruments such that Macaulay duration of the portfolio is between 6 and 12 months |
| Date of Allotment | March 4, 2005 |
| Asset Allocation | Debt & Money Market Instruments- 0% to 100% (Risk- Low to Medium) Reits/Invits- 0% to 10% (Risk- Medium to High) |
| Benchmark | Crisil Ultra Short Term Debt Index |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan-Growth Option Regular Plan- Dividend Reinvestment / Pay-out Option Regular Plan-Daily Dividend Reinvestment Option Regular Plan-Weekly Dividend Pay-out/ Reinvestment Option Regular Plan- Monthly Dividend Pay-out/ Reinvestment Option Direct Plan-Growth Option Direct Plan- Dividend Reinvestment / Pay-out Option Direct Plan-Daily Dividend Reinvestment Option Direct Plan-Weekly Dividend Pay-out/ Reinvestment Option Direct Plan- Monthly Dividend Pay-out/ Reinvestment Option |
| Entry Load | Nil |
| Exit Load | Nil |
| Riskometer | Moderately Low Risk |
Canara Robeco Short Duration Fund
| Description | Short to medium term investment horizon with low volatility. The fund generates income predominantly from accrual yields on high quality Money Market Instruments, while an active trading strategy is followed for generating Alpha. |
| Objective | To generate returns by investing in a wide range of debt securities and money market instruments of various maturities and risk profile. |
| Suitable for | Investors seeking capital appreciation over short term Investment in debt & money market instruments such that Macaulay duration of the portfolio is between 1 and 3 years |
| Date of Allotment | April 25, 2011 |
| Asset Allocation | Debt & Money Market Instruments- 0% to 100% (Risk- Low to Medium) Reits/Invits- 0% to 10% (Risk- Medium to High) |
| Benchmark | Crisil Short Term Bond Fund Index |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan- Monthly Dividend Pay-out / Reinvestment Option Regular Plan- Quarterly Dividend Pay-out/ Reinvestment Option Direct Plan- Growth Option Direct Plan- Monthly Dividend Pay-out / Reinvestment Option Direct Plan- Quarterly Dividend Pay-out/ Reinvestment Option |
| Entry Load | Nil |
| Exit Load | Nil |
| Riskometer | Moderately Low Risk |
Canara Robeco Income Fund
| Description | Open-ended medium-term debt scheme investing in debt & money market instruments such that the Macaulay duration of the portfolio is between 4 years –7 years. |
| Objective | To generate income and capital appreciation through a portfolio constituted of medium to long term debt and money market securities and issuers of different risk profiles |
| Suitable for | Investors seeking capital appreciation over medium to long term Investment in debt & money market instruments such that Macaulay duration of the portfolio is between 4 and 7 years |
| Date of Allotment | September 19, 2002 |
| Asset Allocation | Debt & Money Market Instruments- 0% to 100% (Risk- Low to Medium) Reits/Invits- 0% to 10% (Risk- Medium to High) |
| Benchmark | CRISIL Composite Bond Fund Index |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan - Quarterly Dividend Reinvestment Option/Pay-out Option Direct Plan- Growth Option Direct Plan - Quarterly Dividend Reinvestment Option/Pay-out Option |
| Entry Load | Nil |
| Exit Load | 1% - if redeemed/switched out within 12 months from the date of allotment |
| Riskometer | Moderately Risk |
Canara Robeco Dynamic Bond Fund
| Description | Invest and trade in G-secs and Corporate Debt by identifying mispriced opportunities & capturing volatility trends. The fund aims at generating Alpha through free-style duration management depending on the interest rate view. |
| Objective | To generate income from a portfolio of debt and money market securities. |
| Suitable for | Investors seeking capital appreciation by dynamically managing duration Investment in debt & money market securities across duration |
| Date of Allotment | May 29, 2009 |
| Asset Allocation | Government of India & Corporate Debt Securities (including Securitised Debt) * - 0% to 100% (Risk Low to Medium) Money Market Instruments - 0% to 100% (Risk Low) * Excluding Debt/GOI Securities with initial maturity of less than one year and Treasury bills |
| Benchmark | CRISIL Composite Bond Fund Index |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan - Growth Regular Plan - Dividend Reinvestment Regular Plan - Dividend Pay-out Direct Plan- Growth Option Direct Plan- Dividend Reinvestment Option/ Pay-out Option |
| Entry Load | Nil |
| Exit Load | If redeemed / switched out within six months from the date of allotment: 0.50% If redeemed / switched out after six months from the date of allotment: Nil |
| Riskometer | Moderate Risk |
Canara Robeco Corporate Bond Fund
| Description | Generate accrual income by investing in High quality debt papers. The fund looks to benefit from the mispriced opportunities in the markets and a possible upgrade of rating of the instruments in which investments are made. |
| Objective | To generate income and capital appreciation through a portfolio constituted predominantly of AA+ and above rated Corporate Debt across maturities.. |
| Suitable for | Investors seeking capital appreciation through low credit strategy Investment in a portfolio constituted predominantly of AA+ and above rated corporate bonds |
| Date of Allotment | February 7, 2014 |
| Asset Allocation | AA+ and above rated Corporate Debt of varying maturities - 80% to 100% (Risk- Low to Medium) Other Debt (including government securities) and Money Market Instruments - 0% to 20% (Risk- Low to Medium) Reits/Invits- 0% to 10% (Risk- Medium to High) |
| Benchmark | CRISIL Composite Bond Fund Index |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan- Dividend Reinvestment Option/ Pay-out Option Direct Plan- Growth Option Direct Plan- Dividend Reinvestment Option/ Pay-out Option |
| Entry Load | Nil |
| Exit Load | For any redemption / switch out up to 10% of units within 1 Year from the date of allotment - Nil For any redemption / switch out more than 10% of units within 1 Year from the date of allotment - 1% For any redemption/switch out after 1 Year from the date of allotment - Nil |
| Riskometer | Moderate Risk |
Canara Robeco GILT Fund
| Description | Invests in G-Secs of varying maturity issued by Reserve Bank of India (RBI). Being invested in sovereign papers, the fund does not expose its investors to Credit Risk as in the case of other bond funds. |
| Objective | To provide risk free return (except interest rate risk) while maintaining stability of capital and liquidity. Being a dedicated Gilt Scheme, the funds will be invested in securities as defined under Sec. 2 (2) of Public Debt Act, 1944 |
| Suitable for | Investors seeking capital appreciation and risk free return Investment in Government securities across maturity |
| Date of Allotment | December 29, 1999 |
| Asset Allocation | Govt. Securities - 80% to 100% (Risk- Low) Money Market Instruments - 0% to 20% (Risk- Low to Medium) |
| Benchmark | CRISIL Dynamic Gilt Fund Index |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan- Dividend Reinvestment Option/ Pay-out Option Direct Plan- Growth Option Direct Plan- Dividend Reinvestment Option/ Pay-out Option |
| Entry Load | Nil |
| Exit Load | Nil |
| Riskometer | Moderate Risk |
Hybrid Schemes
The Hybrid Mutual Fund schemes invest in a mix of assets like equity, debt or gold in different proportions.
Canara Robeco Conservative Hybrid Fund
| Description | Open-ended hybrid scheme investing predominantly in debt instruments. Fund also takes small exposure in equity markets which endeavours to boost portfolio returns. |
| Objective | To generate income by investing in a wide range of Debt Securities and Money Market instruments of various maturities and small portion in equities and Equity Related Instruments |
| Suitable for | Investors seeking capital appreciation over medium to long term Investment in debt and money market instruments and small portion equity |
| Date of Allotment | April 24, 1988 |
| Asset Allocation | Equity and equity related instruments- 10% - 25% (Risk- High) Debt securities (including Securitized debt) with Money Market Instruments - 75% - 90% (Risk Medium) |
| Benchmark | CRISIL Hybrid 85+15-Conservative Index |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan - Monthly Dividend Pay-out / Reinvestment Option Regular Plan- Quarterly Dividend Pay-out/ Reinvestment Option Direct Plan- Growth Option Direct Plan - Monthly Dividend Pay-out / Reinvestment Option Direct Plan- Quarterly Dividend Pay-out/ Reinvestment Option Pay-out Option |
| Entry Load | Nil |
| Exit Load | For any redemption / switch out up to 10% of units within 1 Year from the date of allotment - Nil For any redemption / switch out more than 10% of units within 1 Year from the date of allotment - 1% For any redemption / switch out after 1 Year from the date of allotment - Nil |
| Riskometer | Moderately High Risk |
Canara Robeco Equity Hybrid Fund
| Description | Open-ended hybrid scheme investing predominantly in debt instruments. Fund also takes small exposure in equity markets which endeavours to boost portfolio returns. |
| Objective | To generate long term capital appreciation through a prudent mix of equity and debt portfolio, making it more suitable for the average investor as it takes away the burden of focusing on asset allocation between equity & debt. The fund invests in a careful blend of select stocks and debt securities which effectively spreads the risk. |
| Suitable for | Investors seeking capital appreciation over long term Investment in equity and equity related securities and a small portion in debt and money market instruments |
| Date of Allotment | February 1, 1993 |
| Asset Allocation | Equity and equity related instruments- 65% - 80%. (Risk- High) Debt and money market instruments 20% to 35%. (Risk- Low to Medium) REITs/ INVITs – 0%-10% (Risk- Medium to High) |
| Benchmark | CRISILHybrid 35+65 - Aggressive Index |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan - Monthly Dividend Option (Pay-out and Reinvestment) Direct Plan- Growth Option Direct Plan - Monthly Dividend Option (Pay-out and Reinvestment) |
| Entry Load | Nil |
| Exit Load | For any redemption / switch out up to 10% of units within 1 Year from the date of allotment – Nil For any redemption / switch out more than 10% of units within 1 Year from the date of allotment - 1% For any redemption / switch out after 1 Year from the date of allotment - Ni |
| Riskometer | Moderately High Risk |
Other Schemes
Canara Robeco Gold Exchange Traded Fund
| Description | Investors who want to benefit from movement in gold prices without holding physical gold. It follows passive investment strategy and is benchmarked to price of physical gold. It endeavours to track and provide returns similar to its benchmark i.e. prices of domestic gold through investment in physical gold and money market instruments |
| Objective | Generate returns that are in line with the performance of gold, subject to tracking errors.. |
| Suitable for | Investors seeking capital appreciation over long term that are in line with the performance of gold, subject to tracking errors Investment predominantly in Gold bullion of 0.995 fineness |
| Date of Allotment | March 19, 2012 |
| Asset Allocation | Physical Gold- 95% - 100% (Risk- Medium) Debt & Money Market Instruments (including Cash & Cash equivalents)- 0% - 5% (Risk- Low) |
| Benchmark | Domestic Price of Gold |
| Minimum Investment | Application for subscription of CRGETF units directly with the Fund in Creation Unit Size at applicable NAV and applicable charges, if any, in exchange of physical gold of defined purity (fineness) and quantity and/or cash component, value of which is equivalent to Creation Unit Size. The Cash Component is to be settled with the AMC by means of RTGS/NEFT or Funds Transfer Letter of a bank where the scheme has a collection account Large Investors: Application for subscription of CRGETF Units directly with the Fund in Creation Unit Size at NAV based prices by payment of requisite Cash as determined by the AMC only by means of payment instruction of Real Time Gross Settlement (RTGS)/National Electronic Funds Transfer (NEFT) or Funds Transfer Letter of a bank where the Scheme has a collection account |
| Plans/Options | Nil |
| Entry Load | Nil |
| Exit Load | Nil for Creation of Unit Size by Authorised Participants or by Large Investors directly with the fund in Creation Unit Size. For other investors: The units of the Scheme are compulsorily traded in dematerialized form |
| Riskometer | Moderately High Risk |
Canara Robeco Gold Savings Fund
| Description | investors who want to benefit from movements in gold prices without holding physical gold. It follows a passive investment strategy and seeks to provide returns that closely correspond to the returns provided by Canara Robeco Gold ETF. |
| Objective | Provide returns that closely correspond to returns provided by Canara Robeco Gold Exchange Traded Fund (“ the Underlying Scheme”).. |
| Suitable for | Investors seeking capital appreciation that closely relates to returns provided by Canara Robeco Gold Exchange Trade Fund Investment in units of Canara Robeco Gold Exchange Trade Fund |
| Date of Allotment | June 25, 2012 |
| Asset Allocation | Units of Canara Robeco Gold ETF- 95% - 100% (Risk- Medium to High) Debt and Money Market Instruments * (Including Cash Equivalent) and Mutual fund Schemes which invests predominantly in the money market securities or Liquid Schemes- 0% - 5% (Risk- Low to Medium) |
| Benchmark | Domestic Price of Gold |
| Minimum Investment | Rs. 5000 and in multiples of Re 1 thereafter |
| Plans/Options | Regular Plan- Growth Option Regular Plan- Dividend Reinvestment Option/ Pay-out Option Direct Plan- Growth Option Direct Plan- Dividend Reinvestment Option/ Pay-out Option |
| Entry Load | Nil |
| Exit Load | 2%- If redeemed or switched out on or before completion of 1 year from the date of allotment of units, Nil - If redeemed or switched out after the completion of 1 year from the date of allotment of units |
| Riskometer | Moderately High Risk |
How to invest in Canara Robeco Mutual Fund?
It is quite simple and convenient to invest in the Canara Robeco Mutual Fund. There are different ways of doing this and it has been listed below:
- smarTomorrows is a dedicated Mutual Fund portal managed by Canara Robeco. Here, you can create your own online account and manage your investments easily and in a quick manner.
- For any investment in Canara Robeco Mutual Fund, one needs to mandatorily complete the e-KYC registration process. The Aadhar based e-KYC allows a maximum investment of Rs. 50,000/- in a year.
- One can download the respective application forms from the website and personally submit it at the closest bank branch.
- If you need advice on which scheme to invest, it is recommended to visit the bank branch and discuss the options with your relationship manager or a portfolio manager.
Documents required for investing in Canara Robeco Mutual Fund
1. KYC for first time investors
- Application form to be filled in black ink
- Recent colour passport size photograph
- PAN Card
- Proof of identity – Driving Licence, Passport, Voters ID, Aadhar
- Address Proof – Driving Licence, Passport, Voters ID, Ration Card, Registered Leave/Sale of Agreement Residence, Latest Bank Account Statement/passbook, Latest Electricity/Gas Bill
In case of an existing investor, a transaction slip along with the cheque is to be submitted.
2. Application form for SIP
FAQs
1. Is there any Mutual Fund scheme that can be used to save taxes?
Yes, it is available through investment in Canara Robeco Gold Savings Fund after completing one year.
2. What is the process followed after the application forms are completed?
All submitted documents are sent to the nearest Karvy office to be cross-checked
- Registration with KYC is completed and an acknowledgement is received
- All documents including KYC is sent to Karvy office in Hyderabad
- A file is sent to Canara Bank to verify bank account details
- Karvy registers SIP and send an acknowledgement letter to the investor
3. What happens if the investor does not have enough balance in SIP?
If there are no sufficient funds, a letter is sent to the customer. After the third round of communication, if there is still no balance, the SIP is automatically cancelled.
4. How is the portfolio of Canara Robeco Equity Diversified constructed?
A major part of the investment is done in large capital companies like the Top 150. These companies are established and are stable in their business. The volatility in the market can be handled by these companies better than the smaller ones. A small part of the investment is done in Mid-caps, that is, the medium sized companies which will add to the performance of the portfolio in a short period of time.
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