Canara Robeco Manufacturing Fund Direct Growth

Canara Robeco Manufacturing Fund Direct Growth is a hybrid fund. This fund was started on 11 March, 2024. The fund is managed by Shridatta Bhandwaldar, Pranav Gokhale. This fund gives you the benefit of diversification.

1. Canara Robeco Manufacturing Fund Direct Growth has ₹1718 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
2. The fund has an expense ratio 0.5.
   

Canara Robeco Manufacturing Fund Direct Growth has given a CAGR return of 24.90% since inception.

Canara Robeco Manufacturing Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Basic Materials, Consumer Defensive, Health, Energy, Tech, Utilities.

As it is a fund of funds 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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The scheme aims to generate long-term capital appreciation by investing predominantly in equities and equity related instruments of companies engaged in the Manufacturing theme. 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 Manufacturing Fund Direct Growth has no lock in period.