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3 star

Canara Robeco Corporate Bond Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable 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 2.75 0.01 0.09 0.37 0.37 1.62 3.13 7.50 6.30 7.09 --
VR Bond 2.68 0.03 -0.02 0.59 1.27 2.12 2.98 6.35 5.55 6.67 --
Debt: Corporate Bond 3.38 0.00 0.09 0.44 0.62 2.08 3.78 7.95 6.74 7.59 --
Rank within category 18 9 13 16 20 21 18 13 10 10 --
Number of funds in category 20 21 21 21 21 21 20 17 13 12 9

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 Corporate Bond Fund - Regular Plan  | Invest Online
3 star
Feb-14 3.13 7.50 6.30 1.03% 274
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 4.50 8.93 7.62 0.61% 28,807
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 4.44 8.73 7.67 0.46% 20,980
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
Jun-09 4.55 8.37 7.30 0.58% 20,838
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
Sep-07 4.10 7.88 7.42 0.69% 10,858

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.00 24-Mar-2020 - 31-Mar-2020 -1.52 12-Mar-2020 - 19-Mar-2020
Month 3.13 24-Mar-2020 - 23-Apr-2020 -1.55 20-Feb-2020 - 23-Mar-2020
Quarter 5.44 24-Mar-2020 - 24-Jun-2020 -0.63 27-Nov-2020 - 26-Feb-2021
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 7.28 1.97 1.78 2.87 0.74 1.71
VR Bond 6.20 2.04 1.18 1.59 -- --
Debt: Corporate Bond 7.71 2.50 1.78 3.33 0.64 2.38
Rank within category 13 6 12 12 14 14
Number of funds in category 17 17 17 17 17 17

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 31 40 31 89
Modified Duration (yrs) 1.74 2.95 1.49 --
Average Maturity (yrs) 2.10 3.76 1.69 --
Yield to Maturity (%) 4.79 5.32 4.40 --
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 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 1.61 - 5.79 5.78
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 5.75 5.74
equal REC 13/12/2022 Debenture AAA 4.65 - 5.63 5.62
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 5.59 5.59
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 8.05 5.51
equal 7.24% Indian Railway Finance Corporation 2021 Bonds AAA 0.00 - 5.48 5.48
equal 4.58% SIDBI 18/12/2023 Debenture AAA 0.00 - 5.45 5.44
equal 6.10% GOI 2031 GOI Securities SOV 0.00 - 5.42 5.36
equal 8.73% NTPC 2023 Bonds AAA 0.00 - 3.85 3.84
equal 7.40% LIC Housing Fin. 2024 Debenture AAA 3.14 - 3.82 3.80
equal 6.72% Power Finance Corporation 2023 Debenture AAA 3.09 - 3.76 3.75
equal 9.35% Power Grid Corporation 29/08/2023 Bonds/NCDs AAA 1.66 - 1.97 1.97
equal 7.99% HDFC 2024 Debenture AAA 1.60 - 1.94 1.93
equal 7.75% LIC Housing Fin. 23/07/2024 Debenture AAA 1.58 - 1.92 1.91
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 1.60 - 1.91 1.91
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 1.59 - 1.92 1.91
equal 7.16% Power Finance Corporation 24/04/2025 Non Convertible Debenture AAA 1.56 - 1.90 1.90
equal 8.84% Maharashtra State 17/10/2022 State Development Loan SOV 1.60 - 1.91 1.90
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 1.55 - 1.87 1.87
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 1.55 - 1.87 1.87
equal 7.28% HDFC 26/09/2022 Debenture AAA 1.55 - 1.87 1.87
equal 8.13% Power Grid Corporation 25/04/2022 Bonds AAA 1.56 - 1.86 1.86
equal 7.80% LIC Housing Fin. 2022 Bonds/NCDs AAA 1.55 - 1.85 1.85
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 1.84 1.84
equal 8.72% Maharashtra State 2022 State Development Loan SOV 1.55 - 1.85 1.84

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

— 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:


0.01%

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

Growth: ₹ 17.8227

IDCW: ₹ 11.5187


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
Lock-in Period Not Applicable
Exit Load 0.5% for redemption within 90 days

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 07-Feb-2014
Return Since Launch: 7.67%
Benchmark: CRISIL Composite Bond Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 274 Cr (As on 31-Oct-2021)
Expense: 1.03% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW26-Nov-20210.3000

 28-May-20210.3000
 27-Nov-20200.3500
 29-May-20200.3500
 29-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: 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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