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3 star

Canara Robeco Ultra Short Term Fund - Regular Plan


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.05 0.03 0.13 0.59 1.71 2.98 6.27 6.17 6.50 7.27 7.80
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 4.18 4.33 4.71 4.78
Debt: Ultra Short Duration 3.18 0.03 0.13 0.57 1.73 3.11 6.75 6.09 6.72 7.64 7.97
Rank within category 17 12 11 12 17 17 18 9 12 9 8
Number of funds in category 27 28 28 28 28 27 25 16 16 14 12

As on 03-Jul-2020

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 6.27 6.17 6.50 0.95 192
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 8.31 7.87 8.19 0.45 12,902
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 7.64 7.64 7.57 0.49 9,848
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 7.52 7.37 7.59 0.78 9,128
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 7.65 -- -- 0.64 6,643

Best & Worst Performance

Best (Period) Worst (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) 0.65 (24-Dec-2019 - 24-Mar-2020)
Year 10.17 (24-Jul-2013 - 24-Jul-2014) 4.82 (14-May-2009 - 14-May-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.99 0.32 2.16 4.78 0.34 1.11
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Ultra Short Duration 6.06 1.64 1.69 4.08 1.00 1.98
Rank within category 11 1 9 8 3 14
Number of funds in category 18 18 18 18 18 18

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 22 22 14 32
Modified Duration (yrs) 0.44 0.45 0.25 0.34
Average Maturity (yrs) 0.48 0.50 0.26 0.41
Yield to Maturity (%) 4.20 6.86 4.20 4.98

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 84-D Treasury Bills SOV 0.00 - 12.42 12.42
equal 8.18% NTPC 31/12/2020 Bonds AAA 0.00 - 8.46 7.64
new 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 5.17 5.17
new 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 5.04 5.04
equal 7.55% REC 26/09/2020 Debenture AAA 0.00 - 5.57 5.03
equal 7.43% HDB Financial Services 28/09/2020 Debenture AAA 0.00 - 5.94 5.01
equal Kotak Mahindra Prime 366-D 04/06/2020 Commercial Paper A1+ 4.81 - 5.66 4.98
equal Bajaj Housing Finance 366-D 24/06/2020 Commercial Paper A1+ 4.79 - 5.65 4.97
equal 8.50% IRFC 22/06/2020 Bonds AAA 0.00 - 3.92 3.50
equal Reserve Bank of India 364-D 20/08/2020 Treasury Bills SOV 0.00 - 6.67 2.75
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 0.00 - 2.72 2.57
equal 8.32% Reliance Jio Infocomm 2021 Debenture AAA 0.00 - 2.71 2.56
equal 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 2.74 2.55
equal 6.99% REC 31/12/2020 Debenture AAA 0.00 - 2.74 2.52
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 2.67 2.52
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 2.69 2.52
equal 8.90% HDFC 18/08/2020 Debenture AAA 0.00 - 2.87 2.51
equal 8.36% Power Finance Corp. 2020 Bonds AAA 0.00 - 5.92 2.51
equal 7.30% Kotak Mahindra Prime 14/10/2020 Bonds/Debentures AAA 0.00 - 2.96 2.51
equal 7.42% Power Finance Corp. 26/06/2020 Debenture AAA 2.47 - 2.97 2.50
equal 9.30% Power Grid Corporation 28/06/2020 Bonds AAA 0.00 - 2.75 2.50
equal 9.40% L&T Housing Finance 2021 Debenture AAA 1.00 - 1.20 1.02

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-May-2020

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:


0.03%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 2,985.0331

Dividend Weekly: ₹ 1,241.4344

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Dividend Monthly: ₹ 1,006.3305

Dividend Daily: ₹ 1,240.7100

Dividend: ₹ 1,226.2664


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 (₹) --
Exit Load 0

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 14-Jul-2008
Return Since Launch: 7.60%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 192 Cr (As on 31-May-2020)
Expense: 0.95% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jul-20200.4146

 02-Jul-20200.3097
 01-Jul-20200.3632
 30-Jun-20200.2365
 29-Jun-20200.3013
 26-Jun-20200.2591
 25-Jun-20200.2853
 24-Jun-20200.1741
 23-Jun-20200.3571
 22-Jun-20200.3633
 19-Jun-20200.6143
 18-Jun-20200.5844
 17-Jun-20200.3482
 16-Jun-20200.5887
 15-Jun-20200.5942
 12-Jun-20200.3750
 11-Jun-20200.5959
 10-Jun-20200.1925
 09-Jun-20200.1403
 08-Jun-20200.0185
 04-Jun-20200.1993
 03-Jun-20200.1204
 02-Jun-20200.0487
 27-May-20200.1079
 26-May-20200.5952
Dividend Weekly01-Jul-20201.4461

 24-Jun-20202.0946
 17-Jun-20202.5040
 10-Jun-20200.5507
 03-Jun-20200.1691
 27-May-20202.6914
 20-May-20203.0786
 13-May-20202.1071
 06-May-20201.3377
 22-Apr-20203.3329
 15-Apr-20200.6143
 08-Apr-20200.3991
 03-Apr-20203.6441
 11-Mar-20200.8107
 04-Mar-20200.9647
 26-Feb-20200.6297
 20-Feb-20200.8283
 12-Feb-20201.2131
 05-Feb-20200.8405
 29-Jan-20200.9402
 22-Jan-20200.7988
 15-Jan-20200.7025
 08-Jan-20201.1371
 01-Jan-20200.7449
 26-Dec-20190.7971
Dividend Monthly24-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
 30-Jan-20194.2480
 26-Dec-20183.4380
 28-Nov-20183.8205
 31-Oct-20184.8658
 26-Sep-20182.5383
 29-Aug-20184.0348
 25-Jul-20183.2147
 27-Jun-20182.9583
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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dateSaturday, 04-Jul-2020
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