Debt
Direct
Low Duration
NAV as on 04-09-2024
₹ 40.65
Inception Returns
7.3%
/yr
Canara Robeco Savings Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Avnish Jain, Kunal Jain. This fund is suitable to keep your money safe.
Canara Robeco Savings Fund Direct Growth has given a CAGR return of 7.26% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.51%, 5.93% and 5.79% respectively.
Canara Robeco Savings Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Industrial, Government, Basic Materials, Cash Equivalent, Consumer Defensive, Health, Consumer Cyclical, Tech. Its top holdings are ICICI Bank Limited, HDFC Bank Limited, 8.34% Govt Stock 2033, Small Industries Development Bank Of India, Rec Limited
As it is a low duration 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.
To generate income/capital appreciation by investing in a portfolio comprising of low duration debt instruments 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 Savings Fund Direct Growth has no lock in period.
Expense ratio | 0.34% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹1002 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 296.7% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (04-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Corporate, Financial Services & Industrial
Canara Robeco Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.62% | 0.62% |
6 Month Returns | 3.93% | 3.93% |
1 Year Returns | 7.51% | 7.51% |
3 Years Returns | 18.86% | 5.93% |
5 Years Returns | 32.52% | 5.79% |
AAA | 100 |