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Canara Robeco Income Fund - Regular Plan

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Debt: Medium to Long Duration

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Medium to Long Duration debt funds invest in bonds maturing in 4 to 7 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

We believe that Aggressive Hybrid funds or Large Cap Equity funds, which invest predominantly in shares, are more suitable alternatives for an investment horizon of 5 years or more because of their ability to earn much higher returns. They witness more severe ups and downs than Medium to Long Duration funds but the possibility of incurring a loss is substantially reduced if you invest for 5 years and above.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.32 0.06 0.35 0.52 1.33 2.16 10.58 6.07 7.04 7.87 7.84
Debt: Medium to Long Duration 0.00 0.04 0.06 0.35 0.96 1.76 7.85 4.99 6.43 7.18 7.42
Rank within category 7 6 9 9 8 7 6 6 6 5 5
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

As on 22-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 7.13 (01-Dec-2008 - 31-Dec-2008) -4.30 (22-Jan-2003 - 21-Feb-2003)
Quarter 12.98 (30-Sep-2008 - 30-Dec-2008) -5.39 (20-May-2013 - 19-Aug-2013)
Year 34.28 (22-Apr-2008 - 22-Apr-2009) -0.74 (07-Nov-2003 - 08-Nov-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.16 2.99 0.15 0.27 1.31 -0.06
Debt: Medium to Long Duration 5.19 3.52 -0.02 0.11 1.27 -1.02
Rank within category 6 5 6 6 7 6
Number of funds in category 14 14 14 14 14 14

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 19 15 20
Modified Duration (yrs) 4.11 5.49 3.67 4.70
Average Maturity (yrs) 6.01 8.00 5.68 6.85
Yield to Maturity (%) 6.82 8.45 6.77 7.29

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 9.95 9.69
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 9.69 9.52
equal 8.30% NTPC 15/01/2029 Debenture AAA 4.85 - 9.98 4.86
equal 8.80% LIC Housing Fin. 25/01/2029 Debenture AAA 4.82 - 10.02 4.84
equal 8.65% Reliance Industries 2028 Non Convertible Debenture AAA 0.00 - 4.95 4.84
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 4.76 4.72
equal 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 0.00 - 4.76 4.71
equal 7.99% HDFC 2024 Debenture AAA 0.00 - 4.73 4.70
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 9.44 4.69
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 4.60 - 9.73 4.65
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 4.79 4.63
equal 7.49% Power Grid Corporation 25/10/2034 Debenture AAA 0.00 - 4.64 4.62
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 4.63 4.60
equal 7.50% IRFC 2029 Debenture AAA 0.00 - 4.63 4.60
equal 8.35% IRFC 13/03/2029 Debenture AAA 0.00 - 3.97 3.88
equal 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 1.88 - 2.00 1.89
equal 8.47% Maharashtra State 2026 State Development Loan SOV 0.28 - 0.28 0.28

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2019

Fund Manager

— Avnish Jain since 25-Jun-2014

Education: Mr. Jain is a B.Tech from IIT Kharagpur and Post Graduate from IIM Kolkata.

Experience: Prior to joining Canara Robeco AMC he has worked with ICICI Prudential AMC, PGIM India Mutual Fund, Deutsche Asset Management, Misys Software Solutions, Yes Bank and ICICI Bank.

Funds Managed:

Invest Online
0.06%

Change from previous, NAV as on 22-Jan-2020

Growth: ₹ 41.4322

Dividend Quarterly: ₹ 14.8774

Investment Strategy

The Scheme seeks to generate income and capital appreciation through a portfolio constituted of medium to long term debt and money market securities and issuers of different risk profiles.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 19-Sep-2002
Return Since Launch: 8.54%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 108 Cr (As on 31-Dec-2019)
Expense: 1.88% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly27-Dec-20190.1801

 27-Sep-20190.1801
 28-Jun-20190.1801
 29-Mar-20190.1801
 28-Dec-20180.1441
 28-Sep-20180.1441
 22-Jun-20180.1441
 23-Mar-20180.1445
 29-Dec-20170.1445
 22-Sep-20170.1445
 23-Jun-20170.1445
 24-Mar-20170.1445
 23-Dec-20160.1445
 23-Sep-20160.1445
 17-Jun-20160.1445
 23-Mar-20160.1445
 23-Dec-20150.1445
 30-Sep-20150.1445
 26-Jun-20150.1445
 27-Mar-20150.1452
 31-Dec-20140.1524
 26-Sep-20140.1559
 27-Jun-20140.1559
 21-Mar-20140.1559
 27-Dec-20130.1559

Contact Information

AMC: Canara Robeco Asset Management Company Ltd

Address: 4th Floor - Construction House, 5 - Walchand Hirachand Marg, Ballard Estate, Mumbai - 400001

Phone: 022-22621371/ 66585000 / 665850010

Fax: 022-66585012

Email: [email protected]

Website: www.canararobeco.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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