Canara Robeco Mutual Fund

Types of funds offered by Canara Robeco Mutual Fund

Canara Robeco Mutual Fund offers 24 schemes in the categories of equity, hybrid, debt, and other. Out of the 24 schemes, 6 are close-ended schemes while the rest are open-ended schemes. The features of all the schemes offered by Canara Robeco Mutual Fund have been given below.

Equity Funds by Canara Robeco Mutual Fund

Equity funds mainly focus its investment in stocks and hence, are sometimes also known as stock funds. In this category, Canara Robeco Mutual Fund offers 6 schemes. We have given the brief features of all the equity schemes below:

Canara Robeco Infrastructure: This is an open-ended equity scheme that follows the infrastructure theme of investment.

Investment Objective: To produce capital growth for the investor by investing in equity and its related securities of infrastructure firms.

Ideal for: Investors who wish to achieve capital appreciation over a long term and who prefer to invest in equities of firms engaged in the infrastructure sector.

Scheme features:

Benchmark Index	S&P BSE India Infrastructure
Total Expense Ratio	As on 28 June 2018, TER: 2.77% – Regular plan and 1.80% – Direct Plan
Investment Options	Growth and Dividend (Reinvestment and Payout)
Minimum Investment	Rs.5,000
Entry Load	Nil
Exit Load	1% exit load will be applicable if the investor redeems or switches before 1 year from unit allotment date. No exit load will be charged on exit after 1 year
Riskometer	High

Canara Robeco Emerging Equities: This is an open-ended equity scheme that invests in stocks of both large and mid cap companies to generate capital appreciation.

Investment Objective: To fetch favourable returns for the investor by allocating a major portion of the investment on equity and its related instruments.

Ideal for: Investors who wish to grow their capital over a long term and who have an appetite for risk to invest in equity instruments of large and mid cap companies.

Scheme features:

Benchmark Index	S&P BSE 200 TRI
Total Expense Ratio	As on 28 June 2018, TER: 2.05% – Regular plan and 0.81% – Direct Plan
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Nil
Exit Load	Exit load of 1% will be applicable if the investor exits 1 year before the unit allotment date. No exit load for exit after 1 year
Riskometer	Moderately High

Hybrid schemes by Canara Robeco Mutual Fund

Hybrid schemes invest in a mix of equity, debt, money market securities, gold, etc., to fetch favourable returns for the investor. In this category, Canara Robeco Mutual Fund offers 2 open-ended schemes and 6 close-ended schemes, the features of which have been given below:

Canara Robeco Equity Debt Allocation Fund: This is an open-ended hybrid scheme that allocates a major portion of its investments on equity and its related securities and a small portion on money market and debt securities.

Investment Objective: To produce capital appreciation and income for the investor by investing money in a portfolio comprising equity, equity related, debt, and money market securities.

Ideal for: Investors who wish to generate income and capital appreciation over a long term.

Scheme features:

Benchmark Index	CRISIL Hybrid 35+65 – Aggressive Index
Total Expense Ratio	As on 28 June 2018, TER: 2.40% – Regular plan and 1.05% – Direct Plan
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Nil
Exit Load	Switch or redemption before 1 year from unit allotment date: no exit load for 10% of the investment but for the remaining investment, 1% exit load will be charged. No exit load for redemption after 1 year
Riskometer	Moderately High

Canara Robeco Income Saver Fund:This is an open-ended hybrid scheme that allocates a major portion of its corpus on debt instruments and a small portion in equity and its related securities.

Investment Objective:To produce income for the investor by investing predominantly in debt and money market securities of various maturities.

Ideal for: Investors who who wish to achieve capital growth/income over a medium or long term.

Scheme features:

Benchmark Index	CRISIL Hybrid 85+15 – Conservative Index
Total Expense Ratio	As on 28 June 2018, TER: 2.54% – Regular plan and 1.29% – Direct Plan
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Nil
Exit Load	No exit load for redemption or switch out for up to 10% of units before 1 year from allotment date. 1% exit load for redemption or switch out for more than 10% of units before 1 year from allotment date. No exit load for exit after 1 year
Riskometer	Moderately High

Debt Schemes by Canara Robeco Mutual Fund

Debt schemes invest in fixed income income securities such as corporate bonds, commercial papers, government securities, treasury bills, and other money market securities. In this category, Canara Robeco Mutual Fund offers 8 schemes all of which are briefly described below:

Canara Robeco Savings Fund:This is an open-ended low duration debt scheme that invests in money market and debt securities so that the portfolio’s Macaulay Duration ranges between 6 to 12 months.

Investment Objective: To generate capital appreciation for the investor by investing money in a portfolio of debt and money market securities with a low duration.

Ideal for – Investors who wish to follow a low duration strategy to achieve capital appreciation.

Scheme features:

Benchmark Index	CRISIL Ultra Short Term Debt Index
Total Expense Ratio	As on 28 June 2018, TER: 0.55% – Regular plan and 0.35% – Direct Plan
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Nil
Exit Load	Nil
Riskometer	Moderately Low
Fund Manager	Mr. Girish Hisaria and Ms. Suman Prasad

Canara Robeco Income Fund: This is an open-ended medium-to-long term debt scheme that invests in debt and money market securities such that the portfolio’s Macaulay Duration is 4 years to 7 years.

Investment Objective: To create income/capital gains for the investor through investments in a portfolio comprising medium to long term money market and debt instruments.

Ideal for: Investors who seek income/capital growth over medium to long term and who prefer to invest in money market and debt securities.

Scheme features:

Benchmark Index	CRISIL Composite Bond Fund Index
Total Expense Ratio	As on 28 June 2018, TER: 1.90% – Regular plan and 0.99% – Direct Plan
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Nil
Exit Load	1% exit load will apply if the investor exits before 1 year from unit allotment date. No exit load for exit after 1 year
Riskometer	Moderate

Other schemes by Canara Robeco Mutual Fund

Canara Robeco Gold Savings Fund:

This is an open-ended Fund of Fund (FoF) scheme that invests in the Canara Robeco Gold Exchange Traded Fund. An FoF primarily invests in other schemes of the same mutual fund and offers investors an opportunity to achieve greater diversification.

Investment Objective: To offer returns to the investor that closely match the returns offered by Canara Robeco Gold Exchange Traded Fund.

Ideal for: Investors who wish to achieve similar capital returns as provided by the Canara Robeco Gold Exchange Traded Fund.

Scheme features:

Benchmark Index	Price of Physical Gold
Total Expense Ratio	As on 28 June 2018, TER: 0.6% – Regular plan and 0.45% – Direct Plan
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Nil
Exit Load	2% exit load will be charged on redemption/switch out before 1 year from unit allotment date
Riskometer	Moderately High
Fund Manager	Ms. Suman Prasad and Mr. Avnish Jain

Canara Robeco Gold Exchange Traded Fund: This is an open-ended scheme that tracks the domestic price of gold and invests mainly in gold bullion of 0.995 fineness. The units of the scheme are tradeable on stock exchange.

Investment Objective:To produce returns similar to returns offered by the performance of gold. The performance however, will be subject to tracking errors.

Ideal for: Investors who wish to invest in gold and achieve capital appreciation over a long term.

Scheme features:

Benchmark Index	Domestic Price of Gold
Total Expense Ratio	As on 28 June 2018, TER: 0.81% – Regular plan and 0% – Direct Plan
Exchange Listed on	National Stock Exchange
Minimum Lot (Exchange)	One unit/share
Entry Load/Exit Load	Nil
Taxation Treatment	Debt
Riskometer	Moderately High

Eligibility criteria for investing in Canara Robeco Mutual Fund?

The following individuals/entities are eligible to invest in units of Canara Robeco Mutual Fund:

Adult individuals residing in India
Karta of Hindu Undivided Family (HUF)
Minors can invest through a parent or a legal guardian
Firms, corporate bodies, PSUs (Public Sector Undertakings), Co-operative societies registered under the Co-operative Societies Act, 1912, and Societies registered under the Societies Registration Act, 1860
Persons of Indian Origin (PIOs), Non-Resident Indians (NRIs), and Overseas Citizens of India (OCI) on repatriation or non-repatriation basis
Partnership Firms
Pension Funds/Pension Fund Managers
Religious and charitable trusts, private trusts, and Wakfs or endowments of private trusts
Financial institutions and banks
Mutual funds/alternative investment funds registered with SEBI
Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs) registered with SEBI
Council of Scientific and Industrial Research, India
Reserve Bank of India (RBI) and Government of India approved Bilateral Development Corporation Agencies/Multilateral Financial Institutions/Corporate Bodies incorporated outside India
Air Force, Navy, Army, and other paramilitary bodies
Other schemes of LIC Mutual Fund subject to SEBI regulations

How to Invest in Canara Robeco Mutual Fund Online?

Canara Robeco Mutual Fund presents a simple and effortless way of investment by making it online. To subscribe to the units of the fund, the below-mentioned steps need to be followed:

Visit the official site of Canara Robeco Mutual Fund at www.canararobeco.com
On the right hand side of the webpage, click on the ‘Invest Online’ button.
To make the first purchase, click on ‘First-Time Investor’.
To check if the investor is KYC compliant, he/she needs to fill up his/her basic details.
The contact details of the investor need to be fed into the system.
The investor then needs to select the fund he/she wishes to invest in, the category of the scheme, and the investment option.
The investor can also add a nominee to his/her account by entering his/her details.
The bank account of the investor needs to be linked with the mutual fund account. There are some banks which allow paperless transactions and if your bank falls into the category, the investment can be made immediately. However, if your bank doesn’t fall into the category, you will need to send in your bank account details to the fund house.
The investor then needs to fill in the FATCA details, confirm the fund selection, enter the amount to be invested, and confirm the purchase.
Once the investor reads the disclaimers and confirms, a transaction number will be generated which can be preserved for future references.
The investor will now be redirected to the payment gateway of his/her bank where he/she has to login to the bank account to make a payment.

Documents required to invest in Canara Robeco Mutual Fund

To invest in schemes of Canara Robeco Mutual Fund, the investor needs to fill up 2 forms – KYC (Know Your Customer) for first-time investors and an SIP application form. To complete the KYC process, first-time investors need to submit the KYC form along with the below documents:

PAN card
Passport size photo
Proof of Identity (Driving Licence/Voters ID/Passport/Aadhaar)
Proof of Address (Ration card/Voters ID/Aadhaar/Passport/Driving Licence/Latest Gas or Electricity bill/Latest bank account statement or passbook/Rental agreement)

Existing investors who are KYC compliant just need to submit a cancelled cheque leaf along with the form for a particular scheme, duly filled.

While investing online, investors can complete e-KYC process for investments up to Rs.50,000 but for investments above Rs.50,000, physical KYC is a must.

Why invest with Canara Robeco Mutual Fund?

Trustworthy brand of both partners – Both the partners of Canara Robeco Mutual Fund bring with it, their own trustworthiness and amalgamate to create an even more trustworthy brand.
Tax benefits – The Canara Robeco Equity Tax Saver scheme which is an equity-linked saving scheme lets the investor reap tax benefits under Section 80C of the Income Tax Act, 1961.
Professional management – All the schemes of Canara Robeco Mutual Fund are managed by highly qualified fund managers who have several years of experience in managing funds. This means that your investment is in the right hands and have a potential to earn favourable returns.
Ample experience – Established in 1987, it is the oldest mutual fund to be set up in India and with more than 3 decades of experience in the mutual fund segment, you can be rest assured that they know how to manage your investments best.
Wide variety of schemes – Canara Robeco Mutual Fund offers 24 schemes which means you have a wide range of schemes to choose from. While some schemes offer tax benefits, some offer high capital appreciation while some offer lower risks. Depending on your appetite, you can choose a scheme that suits your needs.
Superior customer care – The customer support team at Canara Robeco Mutual Fund are professional, efficient, and friendly to offer you assistance of a superior quality so that all the queries and grievances of investors are addressed effectively.

GST rate of 18% applicable for all financial services effective July 1, 2017.

FAQs on Canara Robeco Mutual Fund

No, you will not be charged any exit load for switching from a regular to a direct plan. Please note however that investors who registered for a Systematic Transfer Plan (STP) cannot switch on to a direct plan unless they cancel their existing enrolments.

You can call the toll-free number of Canara Robeco Mutual Fund at 1800-209-2726 to speak to a mutual fund executive or email them at [email protected]. You can also visit their branch offices located in various cities across the country.

Canara Robeco Mutual Fund