Overview: Canara Robeco Asset Management Company
Canara Robeco Mutual Fund is India’s second oldest Asset Management Company (AMC) that comes with some of the best investment plans. Canara Bank has extensive knowledge of Indian market being one of the largest banks with major shareholding by Government of India. Earlier known as Canbank Mutual Fund, it partnered with Robeco which is a global leader of sustainable and active investing style.
Canara Robeco Mutual Fund has consistently been one of the fastest growing mutual funds in India in terms of AUM (Assets under Management). Krishna Sanghvi is the Head of Equities while Nimesh Chandan is the Head of Investment. Avnish Jain heads the Fixed Income Mutual Funds.
Funds Offered By Canara Robeco Asset Management Company
It offers a range of investment options and offers Systematic Investment Plans (SIP), Equity Linked Saving Scheme (ELSS), large cap funds, small cap funds, mid cap funds and multi-cap funds. Some of the best mutual funds offered by this AMC under different categories are:
Canara Robeco Equity Funds
Mutual Funds that invest a large portion of the fund in share equities are Equity Funds. Managed by experienced professional portfolio managers, Canara Robeco offers diversified and thematic equity schemes and it is one of the financial instruments which could give you high inflation beating returns. These funds can be actively or passively managed. Equity funds can be categorized based on their investment mandate. Some of the best equity funds by Canara Robeco AMC are:
|Fund Name||3 Year (%)||5 Year (%)||NAV||Fund Size (Cr)|
|Canara Robeco Bluechip Equity Fund||7.53||9.17||42.94||103.4|
|Canara Robeco Emerging Equities Fund||9.26||14.41||97||4890.39|
|Canara Robeco Equity Diversified Fund||11.17||10.01||140.06||1265.41|
|Canara Robeco Equity Tax Saver Fund||6.79||9.04||22.64||108.55|
|Canara Robeco Small Cap Equity Fund||6.89||7.38||2335.69||1005.55|
Canara Robeco Debt Funds
Debt Funds invest in a mix of debt and related instruments of various kinds. Canara Robeco offers a wide range of debt and treasury bill products. Debt funds derive their returns mainly from two sources: first, the interest earned on their investments in various debt instruments and second in the form of capital gains generated by trading i.e. buying and selling debt securities in the secondary market. Some of the best Debt Funds by Canara Robeco are:
|Fund Name||3 Year (%)||5 Year (%)||NAV||Fund Size (Cr)|
|Canara Robeco Income Fund||7.53||9.17||42.94||103.4|
|Canara Robeco Gilt Fund||7.46||10.19||56.26||79.49|
|Canara Robeco Savings Fund||7.52||8.07||30.9||1020.05|
|Canara Robeco Dynamic Bond Fund||6.79||9.04||22.64||108.55|
|Canara Robeco Liquid Fund||6.89||7.38||2335.69||1005.55|
Canara Robeco Hybrid Funds
Hybrid Funds invest their fund corpus in a mix of high returns and capital preservation funds. It offers two kinds of Hybrid Fund – Canara Robeco Equity Hybrid Fund and Canara Robeco Conservative Hybrid Fund.
As the names of the schemes suggest, Equity Hybrid Fund invests in equity instruments to achieve tax efficiency while the Conservative Hybrid Fund invests majorly in debt instruments and has a small exposure to equities in order to provide relatively higher return than traditional saving instruments.
Fund Managers Of Canara Robeco Mutual Fund
Canara Robeco Mutual Fund has an entire team of Fund Managers to look after different products of mutual fund investment.
- Nimesh Chandan
He is the Head of the investment at Canara Robeco and also co-heads Equities. He has been working at Canara Robeco for the past 10 years ensuring some of the best returns to the investors.
- Krishna Sanghvi
He heads Equities and is one of the senior fund managers at Canara Robeco. He has about 23 years and has been the Head of equities at other AMCs as well, for instance Kotak Mahindra AMC. He is responsible for fund management of all equity funds. He is B.Com Graduate, Master in Management Studies (MMS) in Finance and qualified from Institute of Cost Accountants, formerly known as The Institute of Cost and Work Accountants (ICWA).
- Avnish Jain
He spearheads Fixed Income and directly looks after CR Income Fund and Medium term Fund. he also co-manages MIP, IndiGo, Balance, Gold FoF and Gold ETF. He is responsible for overall performance of Fixed Income, Corporate macro-view and trading strategy. He is a Post Graduate from IIM, Kolkata.
- Girish Hisaria
He come with 12 years of experience in fund management and has earlier worked with JM Financial. He manages Canara Robeco Gilt Fund PGS and Dynamic Bond. He holds a Master in Management Studies (MMS – Finance) from NL Dalmiya Institute of Management Studies & Research Development, Mumbai, India
- Suman Prasad
She has 16 years of experience in asset management and 9 years in Fixed Income Securities. She did an MBA (Finance) from SDM Institute for Management Development, Mysore, India. She is responsible for research and fund management in Canara Robeco AMC where she directly manages Gilt Advantage and co-manages Dynamic Bond, Short Term, Liquid and Treasury Advantage Funds.
How to Invest in Mutual Funds via Paisabazaar.com?
>Step 1: On to Paisabazaar.com, select the ‘Mutual Fund’ option
Step 2: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 4: Select the Canara Robeco Mutual Fund of your choice. Now, all the details of the fund including NAV risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP< or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your Canara Robeco Mutual Fund eKYC
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
If you’re a first time customer, you need to get your KYC Check before investing in Mutual Funds.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Company)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of Canara Robeco Fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Canara Robeco Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Recent Utility Bill
- Rental/Lease Agreement
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.