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Unrated

Canara Robeco Fixed Maturity Plan Series 8 - Direct Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.04 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 2.66 0.01 0.06 0.30 0.88 1.96 4.41 -- -- -- --
CCIL T Bill Liquidity Weight 1.48 0.01 0.03 0.17 0.60 1.13 2.20 -- -- -- --
Debt: FMP 3.56 0.00 0.06 0.46 1.21 2.90 5.99 -- -- -- --
Rank within category 288 113 213 293 295 289 290 -- -- -- --
Number of funds in category 306 320 319 316 310 306 306 51 3 3 0

As on 15-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Canara Robeco Fixed Maturity Plan Series 8 - Direct Plan
Unrated
Oct-18 4.41 -- -- 0.15 38
Kotak FMP Series 252 - 1261 Days - Direct Plan
Unrated
Nov-18 5.36 -- -- -- 1,349
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Direct Plan
Unrated
Sep-18 11.18 10.18 -- 0.25 790
Kotak FMP Series 239 - 1330 Days - Direct Plan
Unrated
Aug-18 9.49 9.63 -- -- 780
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Direct Plan
Unrated
Mar-21 -- -- -- 0.15 754

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.85 24-Mar-2020 - 31-Mar-2020 -1.33 12-Mar-2020 - 19-Mar-2020
Month 2.51 24-Mar-2020 - 23-Apr-2020 -1.45 25-Feb-2020 - 26-Mar-2020
Quarter 4.92 24-Mar-2020 - 23-Jun-2020 0.22 24-Dec-2019 - 24-Mar-2020
Year 11.97 01-Nov-2018 - 01-Nov-2019 4.42 07-Sep-2020 - 07-Sep-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: FMP* 8.05 2.15 2.32 4.44 1.31 4.88
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 13 8 15
Modified Duration (yrs) 0.06 0.54 0.06 0.47
Average Maturity (yrs) 0.06 0.57 0.06 0.50
Yield to Maturity (%) 3.20 4.00 3.20 3.82
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 Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 18.37 18.37
equal Aditya Birla Finance 2021 Debenture AAA 10.06 - 10.30 10.30
equal 7.47% Power Finance Corporation 16/09/2021 Bonds AAA 8.18 - 8.74 8.18
equal 9.40% L&T Housing Finance 2021 Debenture AAA 7.96 - 8.48 7.96
equal 8.65% Gujarat State 21/09/2021 State Development Loan SOV 0.00 - 8.21 7.93
equal 8.40% Power Grid Corporation 14/09/2021 Bonds AAA 7.92 - 8.54 7.92
equal Reserve Bank of India 364-D 23/09/2021 Treasury Bills SOV 0.00 - 6.59 6.57
equal 8.62% Gujarat State 2021 State Development Loan SOV 0.00 - 0.93 0.88

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-Aug-2021

Fund Manager

— Suman Prasad since 08-Oct-2018

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 15-Sep-2021

Growth: ₹ 12.6285


Investment Strategy

The scheme seek to generate income by investing in a portfolio of debt and money market instruments maturing either on or before the maturity of the scheme.

Investment Details

Tenure (Days) 1103
Maturity date 18-Oct-2021

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 12-Oct-2018
Return Since Launch: 8.29%
Benchmark: CRISIL Short-Term Bond Index
Riskometer: Low to Moderate
Type: Closed-end

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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