Canara Robeco Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 23-12-2024
₹ 17.03
1D
Inception Returns
29.7%
/yr
About Canara Robeco Mid Cap Fund Direct Growth
Canara Robeco Mid Cap Fund Direct Growth is an equity fund. This fund was started on 2 December, 2022. The fund is managed by Shridatta Bhandwaldar, Pranav Gokhale. The fund could potentially beat inflation in the long-run.
Key Parameters
- Canara Robeco Mid Cap Fund Direct Growth has ₹2729 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Canara Robeco Mid Cap Fund Direct Growth has given a CAGR return of 29.72% since inception. Over the last 1 year the fund has given a CAGR return of 32.48%.
Holdings
Canara Robeco Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Tech, Basic Materials, Health, Real Estate, Communication, Utilities, Energy, Consumer Defensive. Its top holdings are Trent Ltd, UNO Minda Ltd, Shriram Finance Ltd, JK Cement Ltd, Max Healthcare Institute Ltd Ordinary Shares
Taxation
As it is a mid-cap mutual fund the taxation is as follows: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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Canara Robeco Mid Cap Fund Direct Growth
The investment objective of the Scheme is to generate capital appreciation by investing predominantly in equity and equity related instruments of mid cap companies. 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 Mid Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Canara Robeco Mid Cap Fund Direct Growth Overview
| Expense ratio | 0.61% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹2729 Cr |
| Inception Date | 2 December, 2022 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 37.87% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 0.71% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.54% as on Nov'24
- This fund outperformed Nifty Midcap 150 by 1.25% in Nov'24
- AUM of the fund stands at 2.7K Cr as of Nov'24
- AUM decreased by 70.4 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Industrial, Financial Services & Consumer Cyclical
Top Growth Drivers | 1M Return |
|---|---|
 Dixon Technologies (India) Ltd | 22.7% |
 Coforge Ltd | 17.6% |
 Zomato Ltd | 8.1% |
Canara Robeco Mid Cap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹2729 Cr
Expense Ratio 0.61%
Frequently Asked Questions for Canara Robeco Mid Cap Fund Direct Growth
Canara Robeco Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.96% | 3.96% |
6 Month Returns | 3.4% | 3.4% |
1 Year Returns | 32.48% | 32.48% |
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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Canara Robeco Mid Cap Fund Direct Growth | 1.41 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Canara Robeco Mid Cap Fund Direct Growth | 0.89 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Canara Robeco Mid Cap Fund Direct Growth | 1.68 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Canara Robeco Mid Cap Fund Direct Growth | 14.22 | - | - |