Canara Robeco Balanced Advantage Fund Direct Growth

Canara Robeco Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 2 August, 2024. The fund is managed by Shridatta Bhandwaldar, Ennette Fernandes, Suman Prasad. This fund gives you the benefit of diversification.

1. Canara Robeco Balanced Advantage Fund Direct Growth has ₹1438 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.7.
   

Canara Robeco Balanced Advantage Fund Direct Growth has given a CAGR return of -3.70% since inception.

Canara Robeco Balanced Advantage Fund Direct Growth has allocated its funds majorly in Corporate, Government, Financial Services, Cash Equivalent, Consumer Cyclical, Industrial, Tech, Energy, Consumer Defensive, Basic Materials, Communication, Health, Utilities, Real Estate.

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The fund aims to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Canara Robeco Balanced Advantage Fund Direct Growth has no lock in period.