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Canara Robeco Corporate Bond Fund - Regular Plan

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Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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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(₹)
cal
cal

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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 1.60 0.07 0.21 1.41 2.22 4.27 9.89 7.01 7.47 -- --
VR Bond 1.50 0.12 0.26 1.49 2.27 3.04 8.68 6.91 7.12 -- --
Debt: Corporate Bond 1.94 0.07 0.26 1.68 2.61 4.99 9.20 7.03 7.56 -- --
Rank within category 18 9 16 14 18 18 12 10 8 -- --
Number of funds in category 20 20 20 20 20 20 19 14 13 9 6

As on 14-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.92 (09-Nov-2016 - 16-Nov-2016) -0.73 (01-Dec-2016 - 08-Dec-2016)
Month 1.89 (25-Oct-2016 - 24-Nov-2016) -0.95 (25-Nov-2016 - 27-Dec-2016)
Quarter 4.00 (07-Mar-2014 - 06-Jun-2014) -0.29 (06-Apr-2018 - 06-Jul-2018)
Year 12.58 (04-Mar-2014 - 04-Mar-2015) 2.40 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.38 1.77 0.40 0.71 0.68 0.46
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Corporate Bond 6.27 2.58 0.58 1.06 0.60 0.39
Rank within category 9 7 9 9 10 9
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 27 18 68
Modified Duration (yrs) 2.11 2.69 1.87 2.51
Average Maturity (yrs) 2.66 3.57 2.37 3.25
Yield to Maturity (%) 6.72 8.39 6.72 7.21

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.65% SIDBI 15/04/2021 Debenture AAA 7.36 - 8.79 7.36
new 6.99% REC 31/12/2020 Debenture AAA 0.00 - 7.30 7.30
equal Aditya Birla Finance 2021 Debenture AAA 6.65 - 7.55 6.65
equal 8.27% Rajasthan State 23/06/2022 State Development Loan SOV 0.00 - 5.63 5.24
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 5.90 4.98
equal 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 4.96 - 5.94 4.96
equal 9.00% M&M Financial Services 19/04/2021 Debenture AAA 4.87 - 5.81 4.87
equal 7.80% L&T Finance 2020 Debenture AAA 0.00 - 5.78 4.84
equal 9.35% Power Grid Corporation 29/08/2023 Bonds/NCDs AAA 2.63 - 3.11 2.63
equal 8.30% NTPC 15/01/2029 Debenture AAA 2.56 - 3.03 2.56
equal 8.95% Reliance Industries 2028 Debenture AAA 0.00 - 3.05 2.55
equal 8.13% Power Grid Corporation 25/04/2022 Bonds AAA 2.50 - 2.97 2.50
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 2.76 2.48
equal 7.99% HDFC 2024 Debenture AAA 0.00 - 2.87 2.47
equal 8.36% Power Finance Corp. 2020 Bonds AAA 2.45 - 2.93 2.45
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 2.45 - 2.89 2.45
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 2.83 2.44
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.00 - 2.72 2.43
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 2.59 2.43
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 2.43 - 2.89 2.43
equal 7.75% LIC Housing Fin. 23/07/2024 Debenture AAA 0.00 - 2.73 2.42
equal 7.20% LIC Housing Fin. 24/04/2020 Debenture AAA 2.42 - 2.90 2.42
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.49 2.42
equal 8.10% M&M Financial Services 17/04/2020 Debenture AAA 2.42 - 2.92 2.42
equal 7.50% IRFC 2029 Debenture AAA 0.00 - 2.71 2.41

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-Jan-2020

Fund Manager

— Avnish Jain since 17-Jan-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
0.07%

Change from previous, NAV as on 14-Feb-2020

Growth: ₹ 16.0820

Dividend: ₹ 11.6051

Investment Strategy

The Scheme seeks to generate income and capital appreciation through a portfolio constituted predominantly of AA+ and above rated Corporate Debt across maturities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 07-Feb-2014
Return Since Launch: 8.21%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 207 Cr (As on 31-Jan-2020)
Expense: 1.02% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend29-Nov-20190.2161

 31-May-20190.2521
 30-Nov-20180.2521
 25-May-20180.2521
 24-Nov-20170.2528
 26-May-20170.2528
 25-Nov-20160.2528
 27-May-20160.2456
 27-Nov-20150.2167
 29-May-20150.2167
 28-Nov-20140.2323

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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