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3 star

Canara Robeco Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is 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 0.34 0.00 0.04 0.22 0.54 1.30 4.01 5.55 5.90 6.70 7.50
CCIL T Bill Liquidity Weight 0.29 0.01 0.01 0.18 0.43 1.07 2.84 3.75 3.97 4.39 4.68
Debt: Ultra Short Duration 0.44 0.00 0.06 0.28 0.70 1.71 4.65 5.71 6.28 6.98 7.81
Rank within category 25 27 25 25 26 25 21 9 12 10 9
Number of funds in category 28 28 28 28 28 27 27 15 15 14 12

As on 26-Feb-2021

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 - Regular Plan  | Invest Online
3 star
Jul-08 4.01 5.55 5.90 0.95 501
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 5.91 -- -- 0.64 18,196
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 6.26 7.50 7.75 0.50 16,118
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 5.23 6.84 7.05 0.77 12,326
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 5.31 7.04 7.03 0.49 11,019

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.69 24-Mar-2020 - 31-Mar-2020 -0.52 09-Jul-2013 - 16-Jul-2013
Month 1.37 30-Aug-2013 - 01-Oct-2013 -0.15 24-Jun-2013 - 24-Jul-2013
Quarter 3.06 24-Jul-2013 - 23-Oct-2013 0.53 12-Nov-2020 - 11-Feb-2021
Year 10.17 24-Jul-2013 - 24-Jul-2014 4.01 27-Feb-2020 - 26-Feb-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.47 0.50 1.59 2.29 0.92 1.67
CCIL T Bill Liquidity Weight 3.72 0.36 -2.62 -5.07 -- --
Debt: Ultra Short Duration 5.77 1.62 1.63 2.91 1.19 2.23
Rank within category 11 1 10 10 5 12
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 31-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 26 26 18 40
Modified Duration (yrs) 0.28 0.45 0.25 --
Average Maturity (yrs) 0.30 0.50 0.26 --
Yield to Maturity (%) 3.52 5.48 3.17 --
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 364-D 15/04/2021 Treasury Bills SOV 0.00 - 15.10 13.86
new Reserve Bank of India 364-D 04/03/2021 Treasury Bills SOV 0.00 - 9.94 9.94
new Reserve Bank of India 182-D 25/02/2021 Treasury Bills SOV 0.00 - 4.97 4.97
new LIC Housing Fin. 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 4.97 4.97
equal Reliance Industries 83-D 25/02/2021 Commercial Paper A1+ 0.00 - 5.41 4.97
new Larsen & Toubro 100-D 25/03/2021 Commercial Paper A1+ 0.00 - 4.96 4.96
equal Sundaram Finance 286-D 18/03/2021 Commercial Paper A1+ 0.00 - 5.40 4.96
equal Reserve Bank of India 182-D 29/04/2021 Treasury Bills SOV 0.00 - 7.19 4.94
new Godrej Industries 91-D 26/04/2021 Commercial Paper A1+ 0.00 - 4.94 4.94
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 7.17 4.93
equal National Bank Agr. Rur. Devp 27/07/2021 Certificate of Deposit A1+ 0.00 - 5.33 4.90
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 7.05 4.85
equal Reserve Bank of India 364-D 22/07/2021 Treasury Bills SOV 0.00 - 4.93 3.92
equal 7.67% LIC Housing Fin. 29/07/2021 Bonds AAA 0.00 - 4.50 3.04
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 5.17 2.05
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 5.04 2.04
down Reserve Bank of India 182-D 18/02/2021 Treasury Bills SOV 0.00 - 9.73 1.99
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 2.67 1.03
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 0.00 - 2.72 1.02
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.30 1.02
equal 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 1.30 1.02
equal 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 2.74 1.01
equal 8.32% Reliance Jio Infocomm 2021 Debenture AAA 0.00 - 2.71 1.01
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 1.50 1.01
new Reserve Bank of India 26/08/2021 Treasury Bills SOV 0.00 - 0.98 0.98

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-2021

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 26-Feb-2021

Growth: ₹ 3,037.7132

Dividend Weekly: ₹ 1,240.7712

More

Dividend Monthly: ₹ 1,000.0494

Dividend Daily: ₹ 1,240.6487

Dividend: ₹ 1,247.9001


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 14-Jul-2008
Return Since Launch: 7.34%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 501 Cr (As on 31-Jan-2021)
Expense: 0.95% (As on 31-Jan-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Feb-20210.1225

 24-Feb-20210.1504
 23-Feb-20210.0098
 22-Feb-20210.2928
 18-Feb-20210.2972
 17-Feb-20210.1916
 16-Feb-20210.1653
 15-Feb-20210.3643
 12-Feb-20210.1579
 11-Feb-20210.1391
 10-Feb-20210.0913
 09-Feb-20210.0625
 08-Feb-20210.2691
 05-Feb-20210.0955
 04-Feb-20210.0434
 03-Feb-20210.0062
 02-Feb-20210.1014
 01-Feb-20210.1939
 29-Jan-20210.0928
 28-Jan-20210.0742
 27-Jan-20210.1602
 25-Jan-20210.1862
 22-Jan-20210.0744
 21-Jan-20210.0883
 08-Jan-20210.0670
Dividend Monthly24-Feb-20212.2581

 27-Jan-20211.3724
 30-Dec-20203.1501
 25-Nov-20202.8343
 28-Oct-20202.9605
 30-Sep-20203.5028
 26-Aug-20202.9133
 29-Jul-20204.8868
 24-Jun-20203.5433
 27-May-20204.2245
 29-Apr-20209.1257
 26-Mar-20200.0550
 26-Feb-20203.0974
 29-Jan-20204.4904
 26-Dec-20193.4635
 27-Nov-20193.1370
 30-Oct-20193.8702
 25-Sep-20193.3749
 28-Aug-20193.2182
 31-Jul-20194.3835
 26-Jun-20193.6649
 29-May-20194.5560
 24-Apr-20193.6842
 27-Mar-20193.5617
 27-Feb-20193.3927
Dividend Weekly24-Feb-20210.7504

 17-Feb-20211.0185
 10-Feb-20210.5619
 03-Feb-20210.4685
 27-Jan-20210.5160
 20-Jan-20210.0602
 06-Jan-20210.9077
 30-Dec-20200.7529
 23-Dec-20200.4562
 16-Dec-20200.4005
 09-Dec-20200.5807
 02-Dec-20200.3025
 25-Nov-20200.7492
 18-Nov-20200.8561
 11-Nov-20200.7507
 04-Nov-20200.8090
 28-Oct-20200.5734
 21-Oct-20200.7842
 14-Oct-20201.0359
 07-Oct-20200.8312
 30-Sep-20200.8244
 23-Sep-20200.6760
 16-Sep-20200.5324
 09-Sep-20200.3148
 02-Sep-20201.0566
Dividend Fortnightly30-Jan-20132.8613

 16-Jan-20132.9494
 02-Jan-20132.9913
 19-Dec-20122.9125
 05-Dec-20122.8809
 21-Nov-20122.8534
 07-Nov-20122.6079
 25-Oct-20123.2595
 10-Oct-20120.8333

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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