Canara Robeco Banking and PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV as on 23-12-2024
₹ 11.67
Inception Returns
6.8%
/yr
About Canara Robeco Banking and PSU Debt Fund Direct Growth
Canara Robeco Banking and PSU Debt Fund Direct Growth is a debt fund. This fund was started on 22 August, 2022. The fund is managed by Avnish Jain, Suman Prasad. This fund is suitable to keep your money safe.
Key Parameters
- Canara Robeco Banking and PSU Debt Fund Direct Growth has ₹238 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Canara Robeco Banking and PSU Debt Fund Direct Growth has given a CAGR return of 6.82% since inception. Over the last 1 year the fund has given a CAGR return of 7.96%.
Holdings
Canara Robeco Banking and PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are National Housing Bank, Rural Electrification Corporation Limited, Kotak Mahindra Bank Limited, HDFC Bank Limited, Indian Railway Finance Corporation Limited
Taxation
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Canara Robeco Banking and PSU Debt Fund Direct Growth
To generate income and/or capital appreciation through a portfolio of high quality debt and money market instruments issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there is no assurance that the objective of the fund will be realised.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Canara Robeco Banking and PSU Debt Fund Direct Growth has no lock in period.
Historical NAV & Returns
Canara Robeco Banking and PSU Debt Fund Direct Growth Overview
| Expense ratio | 0.34% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹238 Cr |
| Inception Date | 22 August, 2022 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 136.88% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 237.5 Cr as of Nov'24
- AUM decreased by 0.2 Cr between Nov'24 and Oct'24
Top 2 Sectors in November were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Housing Bank | 8.32% | 0% | |
Rural Electrification Corporation Limited | 8.29% | 0% | |
Kotak Mahindra Bank Limited | 7.94% | 100% | |
HDFC Bank Limited | 6.42% | 0% | |
Indian Railway Finance Corporation Limited | 6.38% | 0% |
Canara Robeco Banking and PSU Debt Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹238 Cr
Expense Ratio 0.34%
Frequently Asked Questions for Canara Robeco Banking and PSU Debt Fund Direct Growth
Canara Robeco Banking and PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 3.9% | 3.9% |
1 Year Returns | 7.96% | 7.96% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
AAA | 100 |