Canara Robeco Balanced Advantage Fund Direct Growth

Canara Robeco Balanced Advantage Fund Direct Growth

NAV as on 23-04-2025

₹ 10.11

0.3%

1D

Inception Returns

1.1%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
223 people have invested ₹ 12.5L in Canara Robeco Balanced Advantage Fund Direct Growth in the last three months

About 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 Ennette Fernandes, Suman Prasad, Shridatta Bhandwaldar. This fund gives you the benefit of diversification.

Key Parameters

  1. Canara Robeco Balanced Advantage Fund Direct Growth has ₹1439 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Canara Robeco Balanced Advantage Fund Direct Growth has given a CAGR return of 1.10% since inception.

Holdings

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

Taxation

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).

Investment objective of Canara Robeco Balanced Advantage Fund Direct Growth

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 and lockin period

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.

Canara Robeco Balanced Advantage Fund Direct Growth Overview

Expense ratio0.77%
Benchmark
CRISIL Hybrid 50+50 - Moderate TR INR
AUM₹1439 Cr
Inception Date2 August, 2024
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (23-Apr-25)

Period
Canara Robeco Balanced Advantage Fund Direct Growth
Dynamic Asset Allocation Index
1M
3.2%
2.2%
3M
3.4%
1.7%
6M
-0.4%
-1.2%

Fund Distribution

as on (31-Mar-25)

  • Equity 68.6%

  • Debt & Cash 31.4%

Large cap
52.2%

Small cap
11.3%

Mid cap
5%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Financial Services
31.3%
Consumer Cyclical
13.6%
Industrial
12%
Energy
8.3%
Tech
6.9%
Consumer Defensive
6.6%
Basic Materials
6.5%
Health
5.4%
Communication
4.7%
Utilities
3.7%
Real Estate
1%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 1.4K Cr
₹ 1.4K Cr
₹ 1.4K Cr
  • AUM of the fund stands at 1.4K Cr as of Mar'25
  • AUM increased by 66.2 Cr between Mar'25 and Feb'25
Top Stocks sold last month
Bajaj Finance Limited's allocation decreased from 3.39 % to 2.03 %
Bajaj Finance Limited's allocation decreased from 3.39 % to 2.03 %

Top 3 Sectors in March were Corporate, Government & Financial Services

Mar'25
Corporate
46%
Government
37%
Financial Services
31%
Feb'25
Corporate
45%
Government
36%
Financial Services
31%
  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
ICICI Bank Ltd
ICICI Bank Ltd
4.5%
0%
HDFC Bank Ltd
HDFC Bank Ltd
3.8%
0%
Reliance Industries Ltd
Reliance Industries Ltd
3.57%
0%
Bharti Airtel Ltd
Bharti Airtel Ltd
2.81%
0%
Larsen & Toubro Ltd
Larsen & Toubro Ltd
2.51%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Canara Robeco Balanced Advantage Fund Direct Growth
Canara Robeco Balanced Advantage Fund Direct Growth
-
-
-
1.1%
Axis Balanced Advantage Fund Direct Growth
Axis Balanced Advantage Fund Direct Growth
15.49%
15.59%
15.76%
11.31%
Kotak Balanced Advantage Fund Direct Growth
Kotak Balanced Advantage Fund Direct Growth
12.61%
13.11%
16.64%
12.16%
ICICI Prudential Balanced Advantage Fund Direct Plan Growth
ICICI Prudential Balanced Advantage Fund Direct Plan Growth
11.55%
13.64%
17.86%
13.24%
Fund
Mar'25
Feb'25
Jan'25
No of Holdings
80
83
79
Top 5 Company Concentration
17.2%
16.8%
17.3%
Company having highest exposure
ICICI Bank Ltd (4.5%)
ICICI Bank Ltd (4.3%)
ICICI Bank Ltd (4.2%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
139.5%
132.8%
133.4%
Sector having highest exposure
Corporate (45.6%)
Corporate (45.3%)
Corporate (42.5%)
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Ennette Fernandes
Ennette Fernandes
Fund Manager of Canara Robeco Balanced Advantage Fund Direct Growth, since 2 August 2024
Suman Prasad
Suman Prasad
Fund Manager of Canara Robeco Balanced Advantage Fund Direct Growth, since 2 August 2024
Shridatta Bhandwaldar
Shridatta Bhandwaldar
Fund Manager of Canara Robeco Balanced Advantage Fund Direct Growth, since 2 August 2024
Fund House
Canara Robeco Asset Management Co. Ltd.
Total AUM
₹1.04L Cr
as on 31-Mar-2025
Address
Canara Robeco Asset Management Company Limited,Construction House, 4th Floor,,5 Walchand Hirachand Marg, Ballard Estate,
Phone
+912266585000
Website
crmf@canararobeco.com

Canara Robeco Balanced Advantage Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 1.10% since inception (2nd August 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 68.59% in Equity, 25.92% in Debt and 5.48% in Cash related instruments
AUM size ₹1439 Cr

AUM size ₹1439 Cr

This fund has AUM of ₹1439 Cr which is less than its category average of ₹ 9806 Cr
Expense Ratio 0.77%

Expense Ratio 0.77%

This fund has an expense ratio of 0.77% which is less than its category average expense ratio of 1.33%

Frequently Asked Questions for Canara Robeco Balanced Advantage Fund Direct Growth

The current NAV of Canara Robeco Balanced Advantage Fund Direct Growth is ₹10.11 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
Canara Robeco Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.16%
3.16%
6 Month Returns
-0.39%
-0.39%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.77% as on March 2025
₹1439 Cr as on March 2025
HDB Financial Services Ltd.(5.23%), ICICI Bank Ltd(4.5%), HDFC Bank Ltd(3.8%), Treasury Bills(3.72%), 7.1% Govt Stock 2034(3.59%) as on March 2025
Financial Services(21.46%), Corporate(14.32%), Government(11.6%) as on March 2025
AAA
44.76
Ennette Fernandes, Suman Prasad, Shridatta Bhandwaldar are the fund managers of Canara Robeco Balanced Advantage Fund Direct Growth
The Exit load of Canara Robeco Balanced Advantage Fund Direct Growth is 1%