Canara Robeco Savings Fund Direct Growth

Canara Robeco Savings Fund Direct Growth

NAV as on 31-03-2025

₹ 42.42

0.1%

1D

Inception Returns

7.3%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
11 people have invested ₹ 99.5K in Canara Robeco Savings Fund Direct Growth in the last three months

About Canara Robeco Savings Fund Direct Growth

Canara Robeco Savings Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kunal Jain, Avnish Jain. This fund is suitable to keep your money safe.

Key Parameters

  1. Canara Robeco Savings Fund Direct Growth has ₹770 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Canara Robeco Savings Fund Direct Growth has given a CAGR return of 7.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.74%, 6.77% and 5.93% respectively.

Holdings

Canara Robeco Savings Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Industrial, Cash Equivalent, Basic Materials, Government, Health, Consumer Defensive, Consumer Cyclical, Tech. Its top holdings are Hdb Financial Services Limited, Bajaj Housing Finance Limited, Small Industries Development Bank Of India, Power Finance Corporation Ltd., Rec Limited

Taxation

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Canara Robeco Savings Fund Direct Growth

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 and lockin period

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.

Canara Robeco Savings Fund Direct Growth Overview

Expense ratio0.32%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹770 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
296.7%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (31-Mar-25)

Period
Canara Robeco Savings Fund Direct Growth
Low Duration Index
1M
0.9%
0.5%
3M
2%
1.3%
6M
3.8%
2.9%
1Y
7.7%
6.7%
3Y
6.8%
6.2%
5Y
5.9%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
100%

Sector Allocation

Feb'25

Jan'25

Dec'24

Corporate
57.9%
Cash Equivalent
26.3%
Government
15.7%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 770.3 Cr
₹ 849.8 Cr
₹ 982.8 Cr
  • AUM of the fund stands at 770.3 Cr as of Feb'25
  • AUM decreased by 79.5 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Hdb Financial Services Limited's allocation increased from 2.85% to 7.22%
Hdb Financial Services Limited's allocation increased from 2.85% to 7.22%
Small Industries Development Bank Of India's allocation increased from 5.26% to 7.2%
Small Industries Development Bank Of India's allocation increased from 5.26% to 7.2%
Rec Limited's allocation increased from 5.26% to 7.1%
Rec Limited's allocation increased from 5.26% to 7.1%
Top Stocks sold last month
Indian Railway Finance Corporation Limited's allocation decreased from 5.4 % to 4.22 %
Indian Railway Finance Corporation Limited's allocation decreased from 5.4 % to 4.22 %
Bajaj Housing Finance Limited's allocation decreased from 4.22 % to 3.01 %
Bajaj Housing Finance Limited's allocation decreased from 4.22 % to 3.01 %
LIC Housing Finance Limited's allocation decreased from 5.26 % to 3.01 %
LIC Housing Finance Limited's allocation decreased from 5.26 % to 3.01 %
Cash allocation has gone up from 31.9% to 32.5%
Cash allocation has gone up from 31.9% to 32.5%
Debt allocation has gone down from 67.7% to 67.1%
Debt allocation has gone down from 67.7% to 67.1%

Top 3 Sectors in February were Corporate, Financial Services & Industrial

Feb'25
Corporate
58%
Financial Services
41%
Industrial
30%
Jan'25
Corporate
59%
Financial Services
41%
Industrial
30%
  • Debt & Cash

Holdings
Weight%
1M Change
Hdb Financial Services Limited
Hdb Financial Services Limited
7.47%
0%
Bajaj Housing Finance Limited
Bajaj Housing Finance Limited
6.24%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
6.23%
100%
Power Finance Corporation Ltd.
Power Finance Corporation Ltd.
6.21%
0%
Rec Limited
Rec Limited
6.16%
0%
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Kunal Jain
Kunal Jain
Fund Manager of Canara Robeco Savings Fund Direct Growth, since 18 July 2022
Avnish Jain
Avnish Jain
Fund Manager of Canara Robeco Savings Fund Direct Growth, since 1 April 2022
Fund House
Canara Robeco Asset Management Co. Ltd.
Total AUM
₹1.11L Cr
as on 28-Feb-2025
Address
Canara Robeco Asset Management Company Limited,Construction House, 4th Floor,,5 Walchand Hirachand Marg, Ballard Estate,
Phone
+912266585000
Website
crmf@canararobeco.com

Mutual Fund Insights

Insights icon
In the last 1 year, Kotak Low Duration Fund- Direct Plan- Growth Option has given 8.2% return, outperforming this fund by 0.46%.
Insights icon
This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.32% which is lower than the category average expense ratio of 0.67%.
Insights icon
Over the last 3 months, this fund has experienced a 21.6% drop in AUM moving from 982.8 Cr to 770.26 Cr.
Insights icon
Over the last 1 month, this fund has decreased expense ratio by 3.0% moving from 0.33 to 0.32.
Insights icon
In the last 5 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.28% return, outperforming this fund by 1.35% per annum.
Insights icon
In the last 3 years, ICICI Prudential Savings Fund Direct Plan Growth has given 7.23% return, outperforming this fund by 0.45% per annum.

Canara Robeco Savings Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.29% since inception which is more than its category average return of 5.75%
AUM size ₹770 Cr

AUM size ₹770 Cr

This fund has AUM of ₹770 Cr which is less than its category average of ₹ 5923 Cr
Expense Ratio 0.32%

Expense Ratio 0.32%

This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 0.59%

More funds from Canara Robeco

Canara Robeco Gilt Fund Direct Plan Growth option

Canara Robeco Gilt Fund Direct Plan Growth option

5Y CAGR

▲ 6.53

Canara Robeco Income Fund Direct Plan Growth Option

Canara Robeco Income Fund Direct Plan Growth Option

5Y CAGR

▲ 6.39

Canara Robeco Dynamic Bond Fund Direct Plan Growth

Canara Robeco Dynamic Bond Fund Direct Plan Growth

5Y CAGR

▲ 6.32

Canara Robeco Corporate Bond Fund Direct Growth

Canara Robeco Corporate Bond Fund Direct Growth

5Y CAGR

▲ 6.43

Canara Robeco Short Duration Fund Direct Plan Growth

Canara Robeco Short Duration Fund Direct Plan Growth

5Y CAGR

▲ 6.27

Frequently Asked Questions for Canara Robeco Savings Fund Direct Growth

The current NAV of Canara Robeco Savings Fund Direct Growth is ₹42.42 as on 31-Mar-2025.
Existing (Absolute + CAGR) as on 31-Mar-2025.
Canara Robeco Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.85%
0.85%
6 Month Returns
3.83%
3.83%
1 Year Returns
7.74%
7.74%
3 Years Returns
21.73%
6.77%
5 Years Returns
33.39%
5.93%
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.
0.32% as on March 2025
₹770 Cr as on March 2025
Hdb Financial Services Limited(7.47%), Bajaj Housing Finance Limited(6.24%), Small Industries Development Bank Of India(6.23%), Power Finance Corporation Ltd.(6.21%), Rec Limited(6.16%) as on March 2025
Corporate(60.77%), Cash Equivalent(27.13%), Government(12.1%) as on March 2025
Yield to Maturity is 7.58 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.74 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kunal Jain, Avnish Jain are the fund managers of Canara Robeco Savings Fund Direct Growth
The Exit load of Canara Robeco Savings Fund Direct Growth is 0%