Canara Robeco Mutual Fund or Canara Robeco Asset Management Company is a collaboration between the presently defunct Canbank Mutual Fund and Robeco Groep N.V.
Canbank Mutual Fund, founded in 1987, was an asset management company under the aegis of the Canara Bank.
Robeco Groep N.V.
Robeco Groep N.V. is a Netherlands-based asset management company. It was founded in 1929. Initially, it functioned as the AMC wing of the Dutch multinational financial services and banking company Rabobank. Rabobank ultimately took possession of Robeco Group in 2001.
As of March 2019, Robeco has an AuM of €179 billion to its name.
Canara Robeco Asset Management Company Ltd. (CRAMC)
Canbank Mutual Fund passed 49% of its stakes on to Robeco Groep N.V. in lieu of Rs. 115 Crore to launch the Canara Robeco Asset Management Company Ltd. (CRAMC) in 2007.
The firm offers a vast spectrum of investment alternatives such as monthly income and hybrid funds, treasury and debt funds, diversified equity funds, and thematic schemes.
As of the financial year 2019-20, the AMC has a total income of INR 10632.61 lakh. It incurred a profit of INR 3186.72 lakh before tax payment. Canara Robeco has pulled in a profit of Rs. 2323.60 lacks after tax.
The company has 20 branches spread across various states of India. As of May 2019, CRAMC has 9 lakh client investors, has around 64 schemes to offer, and has an asset under management totaling Rs. 16,226.07 Crore.
Important Information about Canara Robeco Mutual Fund
| Name of the Mutual Fund | Canara Robeco Mutual Fund |
| Name of the AMC | Canara Robeco Asset Management Company Ltd. (CRAMC) |
| Established On | 19th December 1987 |
| Date of Incorporation | 2nd March 1993 |
| Sponsors | Canara Bank Robeco Groep N.V |
| Name of Trustees | Mr. Jai Diwanji (Associate Trustee) Sunit Vasant Joshi (Independent Trustee) Deveshwar Kumar Kapila (Independent Trustee) Sumit M. Chadha (Independent Trustee) |
| MD and CEO | Mr. Rajnish Narula |
| Investor Service Officer | Mr. M. Paparao |
| Compliance Officer | Mr. Ashutosh Vaidya |
| Telephone Number | 022-66585000 |
| Email address | crmf@canararobeco.com |
| Registrar and Transfer Agent | Karvy Computershare Private Limited (Karvy) |
| Registered Address | Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001 |
Ten Top-Performing Canara Robeco Mutual Fund Schemes
Canara Robeco Mutual Fund offers almost all types of mutual funds permitted by the Securities and Exchange Board of India or SEBI. The ten most flexible Canara Robeco mutual fund schemes in India are mentioned below:
1. Canara Robeco Small-Cap Fund (Category- Equity: Small Cap)
The fund invests in high-quality small-cap companies with tremendous growth potential. It has a NAV of 15.5700 (Regular Growth) (as of 16th April 2021) and is one of the top-performing funds in the ‘Equity: Small Cap’ category.
The fund was launched on 15th February 2019 and has given trailing returns of 95.11% in one year (as of 16th April 2021). The fund considers the NIFTY Smallcap 250 TRI as its benchmark.
Key Information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (15th February 2019): | INR 856 Crore (as of 31st March, 2021) |
| Assets | INR 856 Crore (as of 31st March 2021) |
| Expense Ratio | 2.49% (as of 31st March 2021) |
2. Canara Robeco Equity Tax Saver Fund (Category- Equity: ELSS)
The fund invests primarily in reputed companies in the large and mid-cap segments. It has a NAV of 93.3100 (Regular Growth) (as of 16th April 2021), and is one of the top-performing funds in the ‘Equity: ELSS’ category.
The fund was launched on 31st March 1993 and has given trailing returns of 60.66% in one year (as on 16th April 2021). The fund considers the S&P BSE 100 TRI as its benchmark.
Key information
| Minimum Investment | INR 500 |
| Minimum Additional Investment | INR 500 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | – |
| Exit Load | Nil (Lock-in period – 3 Years) |
| Return Since Inception (31st March 1993): | INR 1,961 Crore (as of 31st March, 2021) |
| Assets | INR 1,961 Crore (as of 31st March 2021) |
| Expense Ratio | 2.34% (as of 31st March 2021) |
3. Canara Robeco Infrastructure Fund (Category- Equity: Sectoral Infrastructure)
The fund invests in growth-oriented companies in the infrastructure sector. It has a NAV of 56.1300 (Regular Growth) (as of 16th April 2021), and is one of the top-performing funds in the ‘Equity: Sectoral Infrastructure’ category.
The fund was launched on 2nd December 2005 and has given trailing returns of 59.69% in one year (as of 16th April 2021). The fund considers the S&P BSE India Infrastructure TRI as its benchmark.
Key Information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | – |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (2nd December 2005): | INR 128 Crore (as of 31st March 2021) |
| Assets | 2.63% (as of 31st March 2021) |
| Expense Ratio | 2.63% (as of 31st March 2021) |
4. Canara Robeco Emerging Equities Fund (Category- Equity: Large and MidCap)
The fund invests in top-class large and mid-cap companies with decent financials. It has a NAV of 127.9500(Regular Growth) (as of 16th April 2021), and is one of the top-performing funds in the ‘Equity: Large and Mid Cap’ category.
The fund was launched on 11th March 2005 and has given trailing returns of 62.79% in one year (as of 16th April 2021). The fund considers the NIFTY Large Midcap 250 TRI as its benchmark.
Key Information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (11th March 2005): | 17.14% (as on 16th April, 2021) |
| Assets | INR 8,179 Crore (as of 31st March 2021) |
| Expense Ratio | INR 8,179 Crore (as of 31st March, 2021) |
5. Canara Robeco Bluechip Equity Fund (Category- Equity: Large Cap)
The fund picks the best-quality stocks in the large-cap category and invests in them. It has a NAV of 34.9300 (Regular Growth) (as of 16th April 2021), and is one of the top-performing funds in the ‘Equity: Large Cap’ category.
The fund was launched on 20th August 2010 and has given trailing returns of 54.42% in one year (as of 16th April 2021). The fund considers the S&P BSE 100 TRI as its benchmark.
Key Information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | – |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (20th August 2010): | INR 2,156 Crore (as of 31st March, 2021) |
| Assets | INR 2,156 Crore (as of 31st March 2021) |
| Expense Ratio | 1.99% (as of 31st March 2021) |
6. Canara Robeco Consumer Trends Fund (Category- Equity: Thematic Consumption)
The fund intends to benefit from the consumption sector’s growth. It has a NAV of 54.5300 (Regular Growth) (as of 16th April 2021), and is one of the top-performing funds in the ‘Equity: Thematic Consumption’ category.
The fund was launched on 14th September 2009 and has given trailing returns of 51.14% in one year (as on 16th April 2021). The fund considers the S&P BSE 100 TRI as its benchmark.
Key Information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | – |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (14th September 2009): | 15.75% (as on 16th April, 2021) |
| Assets | 2.54% (as of 31st March, 2021) |
| Expense Ratio | 2.54% (as of 31st March 2021) |
7. Canara Robeco Flexi Cap Fund (Category- Equity: Flexi Cap)
The fund invests in good quality large, mid-cap, and small-cap companies with a strong vision. It has a NAV of 182.2500 (Regular Growth) (as of 16th April 2021), and is one of the best-performing funds in the ‘Equity: Flexi Cap’ category.
The fund was launched on 16th September 2003 and has given trailing returns of 54.45% in one year (as of 16th April 2021). The fund considers the S&P BSE 500 TRI as its benchmark.
Key Information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | – |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (16th September 2003): | INR 3,716 Crore (as of 31st March, 2021) |
| Assets | INR 3,716 Crore (as of 31st March 2021) |
| Expense Ratio | 2.03% (as of 31st March 2021) |
8. Canara Robeco Equity Hybrid Fund (Category- Hybrid: Aggressive Hybrid)
The fund invests up to 80% of its corpus in equity stocks and the rest in debt instruments.
The fund invests in high-quality small-cap companies with tremendous growth potential. It has a NAV of 209.6700 (Regular Growth) (as of 16th April 2021), and is one of the top-performing funds in the ‘Hybrid: Aggressive Hybrid’ category.
The fund was launched on 1st February 1993 and has given trailing returns of 95.11% in one year (as of 16th April 2021). The fund considers the CRISIL Hybrid 35+65 Aggressive TRI as its benchmark.
Key Information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (1st February 1993): | 2.12% (as of 31st March 2021) |
| Assets | 2.12% (as of 31st March, 2021) |
| Expense Ratio | INR 4,812 Crore (as of 31st March 2021) |
9. Canara Robeco Conservative Hybrid Fund (Category- Hybrid: Conservative Hybrid)
The fund invests up to 30% of the corpus in equity stocks and the rest in debt instruments. It has a NAV of 69.7716 (Regular Growth) (as of 16th April 2021), and is one of the top-performing funds in the ‘Hybrid: Conservative Hybrid’ category.
The fund was launched on 2nd April 2001 and has given trailing returns of 19.16% in one year (as of 16th April 2021). The fund considers the CRISIL Hybrid 85+15 Conservative TRI as its benchmark.
Key Information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 2,000 |
| Exit Load | 1% for withdrawals before 365 days |
| Return Since Inception (2nd April 2001): | 1.93% (as of 31st March 2021) |
| Assets | 1.93% (as of 31st March, 2021) |
| Expense Ratio | INR 477 Crore (as of 31st March 2021) |
10. Canara Robeco Short Duration Fund (Category- Debt: Short Duration)
The fund invests in bonds with maturity between one and three years. It has a NAV of 20.3143 (Regular Growth) (as of 16th April 2021), and is one of the top-performing funds in the ‘Debt: Short Duration’ category.
The fund was launched on 15th February 2019 and has given trailing returns of 7.52% in one year (as of 16th April 2021). The fund considers the CRISIL Short-Term Bond TRI as its benchmark.
Key Information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 1,000 |
| Minimum Withdrawal | INR 1,000 |
| Exit Load | Nil |
| Return Since Inception (15th February 2019): | 1.02% (as of 31st March 2021) |
| Assets | 1.02% (as of 31st March, 2021) |
| Expense Ratio | INR 1,065 Crore (as of 31st March 2021) |
How can you Invest in Canara Robeco Mutual Fund Via EduFund?
Step 1: Create an online account on EduFund by downloading the EduFund App from Apple Store or Play Store
Step 2: Choose a Plan: Study various Canara Robeco Mutual Fund schemes and choose the one at your convenience. You can invest in a Systematic Investment Plan (SIP) or a total sum. The inbuilt recommendation mechanism recommends a scheme that is suitable for your financial aspirations.
Step 3 – View and Track Your Transaction(s) – Your EduFund account will reflect the amount you have laid out on a specific scheme within four working days. You can track the Mutual Fund NAV, statement, account balance, and other vital information in the app. You can buy, redeem, or switch between Canara Robeco Mutual Fund units.
Step 4 – Get in touch with a Mutual Fund Counsellor – You can seek personal guidance from a mutual fund consultant to talk about your financial targets.
EduFund uses bank-like premium encryption and authentication technologies to safeguard your transactions and investments.
Six Best Performing Fund Managers at Canara Robeco Mutual Fund
Ms. Suman Prasad
Ms. Suman Prasad is an MBA in Finance from the SDM Institute of Development And Management. She joined the Canara Robeco Mutual Fund in 1977.
She deals with several schemes such as Canara Robeco Savings Fund, Canara Robeco Short Duration Fund, Canara Robeco Ultra Short Term Fund, Canara Robeco Savings Fund, Canara Robeco Short Duration Fund, Canara Robeco Liquid Fund, etc.
Mr. Shridatta Bhandwaldar
Mr. Shridatta Bhandwaldar earned his degree in Mechanical Engineering from the Government College of Engineering, Aurangabad. He is also an MMS in Finance from the Sydenham Institute of Management. He forayed into the world of finance in 2006 as an Equity Analyst with MF Global Securities.
Presently, he is associated with the Canara Robeco Mutual Fund as the Fund Manager of Equities. He deals with numerous schemes such as Canara Robeco Bluechip Equity Fund, Canara Robeco Equity Diversified Fund, Canara Robeco Equity Hybrid Fund, Canara Robeco Infrastructure Fund, etc.
Mr. Miyush Gandhi
Since 2018, Mr. Miyush Gandhi is the Fund Manager of Emerging Equities at Robeco Canara Mutual Fund. He manages eight (8) schemes such as Canara Robeco Conservative Hybrid Fund, Canara Robeco Emerging Equities Fund, etc.
Before this, he was the Senior Research Analyst of Equities at SBI Life Insurance Co. Ltd. in 2008. Mr. Gandhi is an MBA in Capital Markets from the Narsee Monjee Institute of Management Studies (NMIMS).
Ms. Cheenu Gupta
Ms. Cheenu Gupta is associated with Canara Robeco Asset Management Company Ltd. as the company’s Fund Manager of Equities since 2018. She manages nine schemes such as Canara Robeco Equity Tax Saver Fund, Canara Robeco Consumer Trends Fund, etc.
Initially, she started as a Software Engineer. She began her career in finances at the UTI Mutual Fund as an Equity Research Analyst in 2006.
Ms. Gupta has a BE degree in Information Technology from the Vivekanand Education Society’s Institute of Technology (VESIT). She holds a PGDM in Finance from the S. P. Jain Institute of Management and Research (SPJIMR). She is also a certified Chartered Financial Analyst (CFA).
Mr. Abhinav Khandelwal
Since 2018, Mr. Abhinav Khandelwal has been working with Canara Robeco Mutual Fund as the Fund Manager of Offshore Investments.
Mr. Khandelwal was previously associated with Systematix Shares & Stocks India Ltd. with a senior research analyst profile back in 2006.
Mr. Girish Hisaria
Since 2014, Mr. Girish Hisaria has been associated with Canara Robeco Asset Management Company Ltd. as AMC’s Senior Fund Manager.
He holds an MMS in Finance from the University of Mumbai. Mr. Girish Hisaria manages 28 schemes such as Canara Robeco Dynamic Bond Fund, Canara Robeco Ultra Short Term Fund, Canara Robeco Gilt Fund, Canara Robeco Liquid Fund, Canara Robeco Savings Fund, etc. Before joining the AMC, he worked as a Senior Dealer at Darashaw.
Why should you invest in Canara Robeco Mutual Fund?
Canara Robeco Mutual Fund ranks among the top-performing AMCs in India. It has more than a hundred schemes to select from. The AMC is over a decade old and handles assets of over €179 billion.
The fund firm has around 20 branches across India, which offers its services to all ranks of investors. Whatever your investment goals are, you can get a Canara Robeco mutual fund scheme to achieve your financial ambitions.
The fund managers at Canara Robeco have years of professional expertise in solving your financial queries. Hence, they decode the process of investing in the stock market and secondary market for you and make investments easier for you.
Select EduFund for investing in Canara Robeco Mutual Fund
EduFund aids the process of investing your capital into Canara Robeco Mutual Funds. Consultants at EduFund are skilled and give you personalized guidance for fulfilling your financial aspirations. You can start by investing a small amount, say, INR 5,000 and expand your financial cache conveniently.
EduFund gives you the following benefits:
● Customised Research-Based Financial Plan – EduFund’s scientific fund tracker tracks over 400 financial circumstances and 1 lakh data points to recommend the top-rated mutual funds for you.
● Customer-Friendly Counsellors Help You in Financial Planning – EduFund’s counselors are skilled to take questions of all sorts from their customers. They give a patient hearing to your queries and help you plan a robust financial blueprint.
● Invest Less, Earn More – Just not the best Indian mutual funds, EduFund has options for you to invest in US Dollar ETFs and international mutual funds, apart from the best mutual funds.
● Use Complimentary Tools – EduFund provides numerous free tools for its clients, such as SIP Calculator, College Savings Calculator, etc.
● No Technical Finesse Needed- You need not be a finance expert to understand which mutual fund serves you the best. EduFund simplifies the options for you.
● Value-Added Benefits – You may get value-added benefits like free advisory, zero commission, and zero hidden charges.
● Safeguards Transactions – EduFund is RIA-registered and uses top-class 128-SSL security to ensure safe transactions.
● Special Support for Children’s Education – EduFund has a bunch of experts who are dedicated to helping you fulfill your children’s educational goals.
FAQs
Who is the owner of Canara Robeco?
Robeco Groep N.V. is a Netherlands-based asset management company. It was founded in 1929. Initially, it functioned as the AMC wing of the Dutch multinational financial services and banking company Rabobank. Rabobank ultimately took possession of Robeco Group in 2001.
What is the meaning of Canara Robeco?
Canara Robeco Mutual Fund, or Canara Robeco Asset Management Company, is a collaboration between the presently defunct Canbank Mutual Fund and Robeco Groep N.V.
Canbank Mutual Fund, founded in 1987, was an asset management company under the aegis of the Canara Bank.
Which are the best mutual funds of Canara Robeco?
Canara Robeco Small-Cap Fund (Category- Equity: Small Cap)
Canara Robeco Equity Tax Saver Fund (Category- Equity: ELSS)
Canara Robeco Infrastructure Fund (Category- Equity: Sectoral Infrastructure)
Canara Robeco Emerging Equities Fund (Category- Equity: Large and MidCap)
Canara Robeco Bluechip Equity Fund (Category- Equity: Large Cap)
Is it good to invest in Canara Robeco mutual fund?
Canara Robeco Mutual Fund ranks among the top-performing AMCs in India. It has more than a hundred schemes to select from. The AMC is over a decade old and handles assets of over €179 billion.
