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Canara Robeco Savings Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.82 0.42 1.54 8.33 7.27 7.71 8.17
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 4.67
Debt: Low Duration 2.08 0.25 1.43 2.56 5.25 6.33 7.17
Rank within category 9 15 18 9 8 7 --
Number of funds in category 26 26 26 26 25 23 16

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 1.48 (30-Aug-2013 - 01-Oct-2013) -0.50 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.16 (24-Jul-2013 - 23-Oct-2013) 0.83 (21-May-2013 - 20-Aug-2013)
Year 10.18 (08-Jul-2011 - 09-Jul-2012) 4.62 (28-May-2009 - 28-May-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.01 0.65 1.91 3.58 1.75 4.15
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Low Duration 5.22 3.14 0.67 1.36 1.99 2.77
Rank within category 9 1 4 3 6 13
Number of funds in category 25 25 25 25 25 25

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 49 49 35 52
Modified Duration (yrs) 0.69 0.75 0.57 0.73
Average Maturity (yrs) 0.79 0.89 0.66 0.91
Yield to Maturity (%) 5.69 8.03 5.69 7.03

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Andhra Bank 2020 Certificate of Deposit A1+ 0.00 - 6.98 5.86
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 6.97 5.85
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 4.56 4.04
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 4.65 3.91
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 4.62 3.90
equal Axis Finance 273-D 06/03/2020 Commercial Paper A1+ 0.00 - 4.61 3.90
new Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 3.85 3.85
equal 8.48% M&M Financial Services 20/10/2020 Debenture AAA 2.96 - 4.48 2.96
new 7.20% HDFC 2020 Debenture AAA 0.00 - 2.99 2.78
equal Kotak Mahindra Prime 23/12/2020 Debenture AAA 0.00 - 2.71 2.30
new 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 2.08 2.08
new 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 2.02 2.02
new 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 2.01 2.01
equal 8.67% LIC Housing Fin. 26/08/2020 Debenture AAA 0.00 - 2.27 2.01
new 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 0.00 - 2.00 2.00
equal 7.85% Sundaram Finance 31/03/2020 Debenture AAA 1.99 - 3.02 1.99
equal 8.65% REC 22/01/2020 Bonds AAA 0.00 - 2.40 1.99
equal Indusind Bank 2019 Certificate of Deposit A1+ 1.98 - 2.85 1.98
equal ICICI Bank 16/12/2019 Certificate of Deposit A1+ 0.00 - 2.55 1.97
equal Kotak Mahindra Bank 19/12/2019 Certificate of Deposit A1+ 1.97 - 2.84 1.97
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 2.31 1.95
equal HDFC 362-D 02/03/2020 Commercial Paper A1+ 0.00 - 2.50 1.95
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 2.51 1.95
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 2.51 1.95
equal National Bank Agr. Rur. Devp 13/03/2020 Commercial Paper A1+ 0.00 - 2.51 1.95

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-Nov-2019

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:


0.00%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 30.8255

Dividend Weekly: ₹ 10.2576

More

Dividend Monthly: ₹ 10.2724

Dividend Daily: ₹ 10.2576

Dividend: ₹ 27.6112


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 (₹) --
Exit Load 0

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 04-Mar-2005
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,263 Cr (As on 30-Nov-2019)
Expense: 0.55% (As on 30-Nov-2019)
Risk Grade: Low
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend10-Mar-20110.4392

 01-Mar-20110.4392
 14-Dec-20050.3508
Dividend Daily04-Dec-20190.0019

 03-Dec-20190.0012
 02-Dec-20190.0037
 29-Nov-20190.0021
 28-Nov-20190.0017
 27-Nov-20190.0017
 26-Nov-20190.0012
 25-Nov-20190.0040
 22-Nov-20190.0014
 21-Nov-20190.0014
 20-Nov-20190.0022
 19-Nov-20190.0013
 18-Nov-20190.0042
 15-Nov-20190.0026
 14-Nov-20190.0021
 13-Nov-20190.0033
 11-Nov-20190.0045
 08-Nov-20190.0002
 07-Nov-20190.0004
 05-Nov-20190.0005
 04-Nov-20190.0027
 01-Nov-20190.0023
 31-Oct-20190.0034
 30-Oct-20190.0030
 29-Oct-20190.0052
Dividend Fortnightly30-Jan-20130.0268

 16-Jan-20130.0307
 02-Jan-20130.0303
 19-Dec-20120.0279
 05-Dec-20120.0290
 21-Nov-20120.0283
 07-Nov-20120.0277
 25-Oct-20120.0333
 10-Oct-20120.0296
 26-Sep-20120.0300
 12-Sep-20120.0305
 29-Aug-20120.0285
 16-Aug-20120.0335
 01-Aug-20120.0308
 18-Jul-20120.0298
 04-Jul-20120.0320
 20-Jun-20120.0335
 06-Jun-20120.0335
 23-May-20120.0344
 09-May-20120.0332
 25-Apr-20120.0338
 11-Apr-20120.0409
 28-Mar-20120.0410
 14-Mar-20120.0333
 29-Feb-20120.0289
Dividend Monthly27-Nov-20190.0393

 30-Oct-20190.0600
 25-Sep-20190.0269
 28-Aug-20190.0533
 31-Jul-20190.0778
 26-Jun-20190.0351
 29-May-20190.0671
 24-Apr-20190.0385
 27-Mar-20190.0552
 27-Feb-20190.0394
 30-Jan-20190.0656
 26-Dec-20180.0535
 28-Nov-20180.0509
 31-Oct-20180.0563
 26-Sep-20180.0073
 29-Aug-20180.0495
 25-Jul-20180.0444
 27-Jun-20180.0409
 30-May-20180.0363
 25-Apr-20180.0255
 28-Mar-20180.0592
 28-Feb-20180.0298
 31-Jan-20180.0384
 27-Dec-20170.0212
 29-Nov-20170.0372
Dividend Weekly04-Dec-20190.0107

 27-Nov-20190.0097
 20-Nov-20190.0123
 13-Nov-20190.0094
 06-Nov-20190.0079
 30-Oct-20190.0112
 23-Oct-20190.0091
 16-Oct-20190.0131
 09-Oct-20190.0084
 03-Oct-20190.0180
 25-Sep-20190.0004
 18-Sep-20190.0076
 11-Sep-20190.0076
 04-Sep-20190.0112
 28-Aug-20190.0138
 21-Aug-20190.0121
 14-Aug-20190.0086
 07-Aug-20190.0188
 31-Jul-20190.0153
 24-Jul-20190.0042
 17-Jul-20190.0221
 10-Jul-20190.0211
 03-Jul-20190.0147
 26-Jun-20190.0031
 19-Jun-20190.0125

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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM