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2 star

Canara Robeco Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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 2.44 0.02 0.06 0.26 0.57 1.34 2.61 4.66 5.11 5.92 6.98
CCIL T Bill Liquidity Weight 1.87 -0.01 0.04 0.16 0.43 1.05 2.00 3.20 3.53 3.98 4.47
Debt: Ultra Short Duration 3.26 0.02 0.06 0.31 0.83 1.86 3.48 5.29 5.51 6.28 7.41
Rank within category 24 17 23 24 24 25 24 16 11 10 9
Number of funds in category 27 28 28 28 28 28 27 20 14 14 12

As on 06-Dec-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
2 star
Jul-08 2.61 4.66 5.11 0.95% 645
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 3.93 6.57 6.77 0.48% 16,758
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.55 6.02 -- 0.64% 14,452
ICICI Prudential Ultra Short Term Fund  | Invest Now
5 star
May-11 4.00 6.42 6.61 0.91% 11,896
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.18 5.72 6.19 0.77% 11,873

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 2.57 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.59 0.60 1.35 3.51 1.16 1.51
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration 5.22 1.35 1.71 4.14 1.06 2.08
Rank within category 16 1 13 13 7 14
Number of funds in category 20 20 20 20 20 20

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 21 28 21 44
Modified Duration (yrs) 0.32 0.36 0.27 --
Average Maturity (yrs) 0.34 0.38 0.28 --
Yield to Maturity (%) 3.89 3.89 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 182-D 23/12/2021 Treasury Bills SOV 0.00 - 7.74 7.74
equal National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 7.71 7.71
equal Reserve Bank of India 182-D 18/02/2022 Treasury Bills SOV 0.00 - 7.69 7.69
new Reserve Bank of India 91-D 24/02/2022 Treasury Bills SOV 0.00 - 7.69 7.69
new Reserve Bank of India 364-D 03/03/2022 Treasury Bills SOV 0.00 - 7.68 7.68
equal Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 7.68 7.68
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 8.21 6.99
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 6.36 6.36
equal Reserve Bank of India 91-D 20/01/2022 Treasury Bills SOV 0.00 - 6.17 6.17
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 3.97 3.97
new 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.00 - 3.92 3.92
equal SIDBI 2022 Commercial Paper A1+ 0.00 - 3.80 3.80
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 3.77 3.77
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 3.16 3.16
new 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 1.58 1.58
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 1.56 1.56
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 1.43 - 2.25 1.55
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 1.43 - 2.23 1.55
new GOI 22/02/2022 GOI Securities SOV 0.00 - 1.54 1.54
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.73 - 1.13 0.79
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 0.79 0.79

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-2021

*As on 31-Oct-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:

— Suman Prasad since 11-Apr-2011

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 07-Dec-2021

Growth: ₹ 3,101.6480

IDCW Weekly: ₹ 1,241.2544

More

IDCW Monthly: ₹ 1,000.9753

IDCW Daily: ₹ 1,240.7100

IDCW: ₹ 1,274.1655


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: 7.07%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 645 Cr (As on 30-Nov-2021)
Expense: 0.95% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily06-Dec-20210.2914

 03-Dec-20210.0943
 02-Dec-20210.0919
 01-Dec-20210.0810
 30-Nov-20210.1356
 29-Nov-20210.2836
 26-Nov-20210.1121
 25-Nov-20210.0530
 24-Nov-20210.0662
 23-Nov-20210.0933
 22-Nov-20210.2984
 18-Nov-20210.0789
 17-Nov-20210.0092
 16-Nov-20210.0791
 15-Nov-20210.2547
 12-Nov-20210.0949
 11-Nov-20210.1355
 10-Nov-20210.0903
 09-Nov-20210.2182
 08-Nov-20210.6658
 03-Nov-20210.1819
 02-Nov-20210.0932
 01-Nov-20210.1504
 29-Oct-20210.0124
 28-Oct-20210.1530
IDCW Weekly01-Dec-20210.6654

 24-Nov-20210.5369
 17-Nov-20210.5736
 10-Nov-20210.9744
 03-Nov-20210.5923
 27-Oct-20210.2861
 20-Oct-20210.3225
 13-Oct-20210.8146
 06-Oct-20210.5918
 29-Sep-20210.1742
 22-Sep-20210.4236
 15-Sep-20210.4426
 08-Sep-20210.5858
 01-Sep-20210.8134
 25-Aug-20210.7272
 18-Aug-20210.8226
 11-Aug-20210.6984
 04-Aug-20210.6013
 28-Jul-20210.6429
 22-Jul-20210.8473
 14-Jul-20210.7429
 07-Jul-20210.8069
 30-Jun-20210.6036
 23-Jun-20210.6781
 16-Jun-20210.4574
IDCW Monthly24-Nov-20212.1597

 27-Oct-20211.6245
 29-Sep-20211.9679
 25-Aug-20212.2963
 28-Jul-20212.4524
 30-Jun-20212.3904
 27-May-20211.8748
 28-Apr-20212.3363
 31-Mar-20212.8203
 24-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
IDCW 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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