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2 star

Canara Robeco Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

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 2.94 0.01 0.07 0.28 0.71 1.60 3.18 5.23 5.73 6.53 --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 --
Debt: Ultra Short Duration 3.72 0.01 0.07 0.33 0.96 2.10 4.00 5.80 6.01 6.77 --
Rank within category 25 18 22 26 27 27 26 18 12 12 --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Canara Robeco Ultra Short Term Fund - Direct Plan  | Invest Online
2 star
Jan-13 3.18 5.23 5.73 0.39% 676
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.09 6.75 6.91 0.34% 17,500
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.90 6.38 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.65 6.21 6.61 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.57 6.05 6.53 0.31% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.70 24-Mar-2020 - 31-Mar-2020 -0.52 09-Jul-2013 - 16-Jul-2013
Month 1.38 30-Aug-2013 - 01-Oct-2013 -0.14 24-Jun-2013 - 24-Jul-2013
Quarter 3.09 24-Jul-2013 - 23-Oct-2013 0.68 27-Nov-2020 - 26-Feb-2021
Year 10.28 24-Jul-2013 - 24-Jul-2014 3.14 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.13 0.59 2.27 5.79 1.12 2.03
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration 5.68 1.35 2.25 5.69 1.05 2.53
Rank within category 18 1 13 13 7 15
Number of funds in category 20 20 20 19 20 20

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 21 28 21 41
Modified Duration (yrs) 0.32 0.36 0.27 --
Average Maturity (yrs) 0.34 0.38 0.28 --
Yield to Maturity (%) 3.89 3.89 3.17 --
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 8.79% GOI 2021 Central Government Loan SOV 0.00 - 11.10 11.10
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 7.45 7.36
equal National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 7.42 7.33
equal Reserve Bank of India 182-D 18/02/2022 Treasury Bills SOV 0.00 - 7.41 7.31
equal Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 7.40 7.30
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 8.21 6.68
up 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 6.08 6.08
new Reserve Bank of India 91-D 20/01/2022 Treasury Bills SOV 0.00 - 5.87 5.87
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 3.79 3.79
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 4.60 3.71
equal Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 3.74 3.69
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 3.74 3.69
equal SIDBI 2022 Commercial Paper A1+ 0.00 - 3.66 3.61
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 3.64 3.59
up 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 3.02 3.02
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 1.43 - 2.61 1.49
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 1.49 1.49
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 1.43 - 2.59 1.48
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 0.76 0.76
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.73 - 1.32 0.75
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.71 - 1.30 0.74

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:


0.01%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 3,234.1916

IDCW Weekly: ₹ 1,240.9347

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IDCW Monthly: ₹ 1,000.8287

IDCW Daily: ₹ 1,240.7100

IDCW: ₹ 1,851.3441


Investment Strategy

The Scheme seeks to generate returns by investing in a wide range of debt securities and money market instruments of various maturities and risk profile.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 100
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: 7.15%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 676 Cr (As on 31-Oct-2021)
Expense: 0.39% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Dec-20210.1135

 02-Dec-20210.1111
 01-Dec-20210.1002
 30-Nov-20210.1548
 29-Nov-20210.3402
 26-Nov-20210.1313
 25-Nov-20210.0722
 24-Nov-20210.0855
 23-Nov-20210.1125
 22-Nov-20210.3738
 18-Nov-20210.0980
 17-Nov-20210.0284
 16-Nov-20210.0984
 15-Nov-20210.3113
 12-Nov-20210.1141
 11-Nov-20210.1547
 10-Nov-20210.1095
 09-Nov-20210.2374
 08-Nov-20210.7598
 03-Nov-20210.2011
 02-Nov-20210.1126
 01-Nov-20210.2071
 29-Oct-20210.0317
 28-Oct-20210.1737
 27-Oct-20210.0180
IDCW Weekly01-Dec-20210.7994

 24-Nov-20210.6703
 17-Nov-20210.7074
 10-Nov-20211.1072
 03-Nov-20210.7268
 27-Oct-20210.4208
 20-Oct-20210.4556
 13-Oct-20210.9520
 06-Oct-20210.7312
 29-Sep-20210.3136
 22-Sep-20210.5629
 15-Sep-20210.5785
 08-Sep-20210.7205
 01-Sep-20210.9480
 25-Aug-20210.8611
 18-Aug-20210.9565
 11-Aug-20210.8258
 04-Aug-20210.7288
 28-Jul-20210.7519
 22-Jul-20210.9925
 14-Jul-20210.8677
 07-Jul-20210.9295
 30-Jun-20210.7261
 23-Jun-20210.8009
 16-Jun-20210.5801
IDCW Monthly24-Nov-20212.6364

 27-Oct-20212.0674
 29-Sep-20212.5235
 25-Aug-20212.7282
 28-Jul-20212.8660
 30-Jun-20212.8790
 27-May-20212.3082
 28-Apr-20212.7516
 31-Mar-20213.3454
 24-Feb-20212.6790
 27-Jan-20211.8162
 30-Dec-20203.7202
 25-Nov-20203.2911
 28-Oct-20203.3567
 30-Sep-20204.0239
 26-Aug-20203.3342
 29-Jul-20205.4410
 24-Jun-20203.9729
 27-May-20204.6489
 29-Apr-20209.6083
 26-Mar-20200.3344
 26-Feb-20203.2416
 29-Jan-20204.6235
 26-Dec-20193.9121
 27-Nov-20193.6015

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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