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3 star

Canara Robeco Savings Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund."

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 3.08 0.03 0.05 0.30 0.74 1.73 3.35 6.29 6.49 7.14 --
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.45 1.05 1.96 3.23 3.54 3.99 --
Debt: Low Duration 4.25 0.02 0.05 0.33 1.39 2.55 4.66 5.03 5.78 6.62 --
Rank within category 24 12 10 21 22 22 23 13 13 11 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 29-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Canara Robeco Savings Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.35 6.29 6.49 0.33% 1,288
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.48 7.40 7.23 0.40% 31,730
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.58 7.42 7.16 0.44% 21,669
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.33 7.54 7.46 0.40% 17,415
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 4.32 7.59 7.64 0.41% 11,005

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.76 24-Mar-2020 - 31-Mar-2020 -1.02 12-Mar-2020 - 19-Mar-2020
Month 2.40 24-Mar-2020 - 23-Apr-2020 -1.06 20-Feb-2020 - 23-Mar-2020
Quarter 4.19 24-Mar-2020 - 24-Jun-2020 -0.04 24-Dec-2019 - 24-Mar-2020
Year 10.11 24-Jul-2013 - 24-Jul-2014 3.36 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.28 0.91 2.64 5.58 1.58 3.38
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Low Duration 5.27 4.37 1.64 3.35 -0.66 1.00
Rank within category 13 2 10 10 24 13
Number of funds in category 24 24 24 24 24 24

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

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 38 48 38 60
Modified Duration (yrs) 0.53 0.71 0.50 --
Average Maturity (yrs) 0.57 0.78 0.54 --
Yield to Maturity (%) 4.01 4.01 3.51 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 8.03 7.73
equal Reserve Bank of India 364-D 05/05/2022 Treasury Bills SOV 0.00 - 7.92 7.61
up 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 6.79 6.79
new Reserve Bank of India 91-D 20/01/2022 Treasury Bills SOV 0.00 - 4.62 4.62
equal 8.08% GOI 2022 Central Government Loan SOV 0.00 - 4.18 4.00
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 4.14 3.96
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 4.06 3.88
equal 3.96% GOI 2022 GOI Securities SOV 0.00 - 4.04 3.88
equal LIC Housing Fin. 355-D 14/12/2021 Commercial Paper A1+ 0.00 - 4.01 3.86
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 6.88 3.86
new National Bank Agr. Rur. Devp 89-D 25/01/2022 Commercial Paper A1+ 0.00 - 3.85 3.85
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 3.97 3.83
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 1.92 - 2.51 2.40
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 1.91 - 2.49 2.39
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 2.08 1.98
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.00 - 2.07 1.98
equal 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.00 - 2.07 1.98
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 1.59 - 2.06 1.97
equal Larsen & Toubro 25/04/2022 Debenture AAA 0.00 - 2.05 1.97
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 2.05 1.96
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 2.03 1.95
equal 4.95% HDFC 2022 Non Convertible Debenture AAA 0.00 - 2.03 1.95
equal 6.32% REC 31/12/2021 Debenture AAA 1.56 - 2.03 1.95
equal SIDBI 2022 Commercial Paper A1+ 0.00 - 1.97 1.90
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 1.98 1.90

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-Oct-2021

Fund Manager

— Girish Hisaria since 18-Aug-2014

Education: Mr. Hisaria is a B.Com (H) and MMS (Finance).

Experience: Prior to joining Canara Robeco AMC, he has worked as Vice President - JM Financial Mutual Fund ( May 2006-August 2014), as Senior Associate - Fixed Income Research - Darashaw Securities Pvt. Ltd. ( May 2004-May 2006) and as Research Analyst - Sahara Indian Financial Corp. ( March 2002-May 2004).

Funds Managed:

— Suman Prasad since 01-Jan-2013

Education: Mrs. Prasad is B.Sc and PGDMS.

Experience: She has been associated with Canara Robeco since 1996.

Funds Managed:


0.03%

Change from previous, NAV as on 29-Nov-2021

Growth: ₹ 34.4079

IDCW Weekly: ₹ 10.2646

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IDCW Monthly: ₹ 10.2646

IDCW Daily: ₹ 10.2600

IDCW: ₹ 30.7918


Investment Strategy

The Scheme seeks to generate income/capital appreciation by investing in a portfolio comprising of low duration debt instruments and money market instruments.

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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 7.58%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,288 Cr (As on 31-Oct-2021)
Expense: 0.33% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily29-Nov-20210.0026

 26-Nov-20210.0017
 25-Nov-20210.0002
 23-Nov-20210.0008
 22-Nov-20210.0033
 16-Nov-20210.0012
 15-Nov-20210.0034
 12-Nov-20210.0013
 11-Nov-20210.0005
 10-Nov-20210.0008
 09-Nov-20210.0024
 08-Nov-20210.0079
 03-Nov-20210.0024
 02-Nov-20210.0006
 01-Nov-20210.0010
 29-Oct-20210.0001
 28-Oct-20210.0007
 25-Oct-20210.0017
 21-Oct-20210.0017
 20-Oct-20210.0001
 18-Oct-20210.0021
 14-Oct-20210.0008
 13-Oct-20210.0021
 12-Oct-20210.0018
 11-Oct-20210.0030
IDCW Monthly24-Nov-20210.0274

 27-Oct-20210.0199
 29-Sep-20210.0247
 25-Aug-20210.0321
 28-Jul-20210.0389
 30-Jun-20210.0269
 27-May-20210.0280
 28-Apr-20210.0333
 31-Mar-20210.0426
 24-Feb-20210.0252
 27-Jan-20210.0066
 30-Dec-20200.0298
 25-Nov-20200.0432
 28-Oct-20200.0522
 30-Sep-20200.0404
 26-Aug-20200.0197
 29-Jul-20200.0646
 24-Jun-20200.0685
 27-May-20200.1293
 29-Apr-20200.0930
 26-Feb-20200.0439
 29-Jan-20200.0466
 26-Dec-20190.0235
 27-Nov-20190.0406
 30-Oct-20190.0614
IDCW Weekly24-Nov-20210.0047

 17-Nov-20210.0058
 10-Nov-20210.0111
 03-Nov-20210.0058
 27-Oct-20210.0024
 20-Oct-20210.0030
 13-Oct-20210.0098
 06-Oct-20210.0037
 22-Sep-20210.0043
 15-Sep-20210.0047
 08-Sep-20210.0068
 01-Sep-20210.0109
 25-Aug-20210.0065
 18-Aug-20210.0120
 11-Aug-20210.0073
 04-Aug-20210.0071
 28-Jul-20210.0075
 22-Jul-20210.0117
 14-Jul-20210.0111
 07-Jul-20210.0107
 30-Jun-20210.0057
 23-Jun-20210.0054
 16-Jun-20210.0021
 09-Jun-20210.0105
 02-Jun-20210.0031

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: http://www.canararobeco.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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