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3 star

Canara Robeco Ultra Short Term Fund - Direct Plan


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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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(₹)
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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 3.45 0.02 0.13 0.70 1.93 3.25 6.82 6.78 7.16 7.78 --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 --
Debt: Ultra Short Duration 3.69 0.02 0.28 0.80 2.12 3.50 7.33 6.65 7.26 8.14 --
Rank within category 18 17 19 12 19 17 19 11 12 12 --
Number of funds in category 27 28 28 28 28 27 25 16 16 14 0

As on 09-Jul-2020

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
3 star
Jan-13 6.82 6.78 7.16 0.36 204
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.42 8.01 8.33 0.33 12,902
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.75 7.79 7.69 0.33 9,848
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.93 7.78 7.99 0.34 9,189
IDFC Ultra Short Term Fund - Direct Plan
4 star
Jul-18 7.65 -- -- 0.26 5,416

Best & Worst Performance

Best (Period) Worst (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) 0.80 (24-Dec-2019 - 24-Mar-2020)
Year 10.28 (24-Jul-2013 - 24-Jul-2014) 6.17 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.58 0.31 4.10 9.38 0.29 1.63
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Ultra Short Duration 6.53 1.64 2.25 5.23 0.98 2.44
Rank within category 13 1 2 3 3 14
Number of funds in category 18 18 18 18 18 18

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 22 14 26
Modified Duration (yrs) 0.44 0.45 0.25 --
Average Maturity (yrs) 0.48 0.50 0.26 --
Yield to Maturity (%) 4.20 6.86 4.20 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 19.32 19.32
equal 8.18% NTPC 31/12/2020 Bonds AAA 0.00 - 8.46 7.50
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 5.17 5.09
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 5.04 5.02
equal 7.55% REC 26/09/2020 Debenture AAA 0.00 - 5.57 4.94
equal 7.43% HDB Financial Services 28/09/2020 Debenture AAA 4.93 - 5.94 4.93
new Chennai Petroleum Corp. 61-D 03/08/2020 Commercial Paper A1+ 0.00 - 4.88 4.88
new Reserve Bank of India 91-D 23/07/2020 Treasury Bills SOV 0.00 - 4.88 4.88
equal Reserve Bank of India 364-D 20/08/2020 Treasury Bills SOV 0.00 - 6.67 2.71
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 2.67 2.53
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 0.00 - 2.72 2.53
equal 8.32% Reliance Jio Infocomm 2021 Debenture AAA 0.00 - 2.71 2.52
equal 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 2.74 2.51
equal 6.99% REC 31/12/2020 Debenture AAA 0.00 - 2.74 2.48
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 2.69 2.48
equal 8.36% Power Finance Corp. 2020 Bonds AAA 0.00 - 5.92 2.47
equal 8.90% HDFC 18/08/2020 Debenture AAA 0.00 - 2.87 2.46
equal 7.30% Kotak Mahindra Prime 14/10/2020 Bonds/Debentures AAA 0.00 - 2.96 2.46
equal 9.40% L&T Housing Finance 2021 Debenture AAA 1.00 - 1.20 1.01

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 30-Jun-2020

*As on 31-May-2020

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:


0.02%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 3,091.5553

Dividend Weekly: ₹ 1,240.9173

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Dividend Monthly: ₹ 1,007.4223

Dividend Daily: ₹ 1,240.7100

Dividend: ₹ 1,769.6304


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 (₹) --
Exit Load 0

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 7.89%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 204 Cr (As on 30-Jun-2020)
Expense: 0.36% (As on 31-May-2020)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.2073

 08-Jul-20200.3269
 07-Jul-20200.1593
 06-Jul-20200.4782
 03-Jul-20200.4344
 02-Jul-20200.3287
 01-Jul-20200.3823
 30-Jun-20200.2555
 29-Jun-20200.3577
 26-Jun-20200.2781
 25-Jun-20200.3043
 24-Jun-20200.1932
 23-Jun-20200.3761
 22-Jun-20200.4196
 19-Jun-20200.6333
 18-Jun-20200.6034
 17-Jun-20200.3672
 16-Jun-20200.6076
 15-Jun-20200.6505
 12-Jun-20200.3939
 11-Jun-20200.6149
 10-Jun-20200.2114
 09-Jun-20200.1591
 08-Jun-20200.0936
 04-Jun-20200.2181
Dividend Weekly08-Jul-20201.7282

 01-Jul-20201.5786
 24-Jun-20202.2272
 17-Jun-20202.6361
 10-Jun-20200.6818
 03-Jun-20200.3023
 27-May-20202.8249
 20-May-20203.2094
 13-May-20202.2367
 06-May-20201.5966
 22-Apr-20203.4623
 15-Apr-20200.7107
 08-Apr-20200.4912
 03-Apr-20204.0695
 11-Mar-20200.9070
 04-Mar-20201.0611
 26-Feb-20200.7119
 20-Feb-20200.9377
 12-Feb-20201.3093
 05-Feb-20200.9365
 29-Jan-20201.0358
 22-Jan-20200.8949
 15-Jan-20200.7984
 08-Jan-20201.2337
 01-Jan-20200.8278
Dividend Monthly24-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
 30-Oct-20194.1511
 25-Sep-20193.7648
 28-Aug-20193.6954
 31-Jul-20194.7408
 26-Jun-20193.9434
 29-May-20194.8823
 24-Apr-20193.8897
 27-Mar-20193.6678
 27-Feb-20193.5336
 30-Jan-20194.4647
 26-Dec-20183.6355
 28-Nov-20184.0179
 31-Oct-20185.1384
 26-Sep-20182.9265
 29-Aug-20184.5215
 25-Jul-20183.6033
 27-Jun-20183.3469

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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