Canara Robeco MF is the second oldest mutual fund in India. It was established in 1987 as Canbank Mutual Fund. In 2007, Canara Bank, one of the Indian public sector banks joined hands with Robeco of Netherlands to form Canara Robeco Mutual Fund. Canara Bank has 51% while Robeco has 49% of the total holdings. Its fund is managed by Canara Robeco Asset Management Company Limited (CRAMC).
1. Canara Robeco Emerging Equities Fund - It is an open-ended equity scheme. Investors who are willing to earn long-term capital appreciation by investing in the equity and equity related instruments of mid-cap and large-cap companies, can invest in this scheme. At present, 96.04% is its investment in equity. Its Benchmark is S&P BSE 200 TRI. Current, per unit value of this scheme is Rs. 92.830. You can start investing in this scheme with a minimum amount of Rs. 5000 as lumpsum. You don’t have to bear any entry load. However, if you decide to redeem within one year of purchase, then you have to pay 1% of the NAV at that time as exit load. Investors of this scheme will have to bear moderately high risk. It started on 03/11/2005. As on April 30th, 2018, its AUM was recorded as Rs. 3559 crores. This fund is managed by Mr. Miyush Gandhi since April 2018 and Mr. Ravi Gopalakrishnan since September 2012.
2. Canara Robeco Equity Debt Allocation Fund (CREDAF) - This scheme is a smart combination of equity and debt investment. It provides dual benefit to grow with equity investment and avail fixed income from lower risk debt instruments. Mr. Avnish Jain, Mr. Ravi Gopalakrishnan and Mr. Shridatta Bhandwaldar are managing this dual investment in the favor of its investors.It is an open-ended hybrid scheme. Though it invests in both equity and debt but predominantly it invests in equity and equity related instruments. It leads to long-term capital gain. The principal amount of investors is likely at moderately high risk. Rs. 5000 is the minimum starting amount of investment if you want to pay in lump sum. Its Net Asset Value as on June 1st, 2018 was Rs. 148.28.
3. Canara Robeco Gilt Fund - This scheme started on December 29th, 1999. It is mainly invested in government securities across maturity. It helps its investors earn long-term capital appreciation at moderate risk. The minimum lumpsum investment that should be made in this scheme is Rs. 5000. There is no entry and exit load involved. This fund is managed by Mr. Girish Hisaria since August 2014. Its NAV is Rs. 47.228 as on June 1st, 2018. Its benchmark is I-SEC Li-BEX.
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