Canara Robeco AMC IPO

Canara Robeco Asset Management Company Limited

Canara Robeco AMC IPO Details

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About Canara Robeco AMC

Canara Robeco Asset Management Company (Canara Robeco AMC) is a joint venture between Canara Bank and ORIX Corporation Europe N.V. It primarily focuses on managing mutual funds and offering investment advisory services related to Indian equities. As of December 31, 2024, the company managed 25 schemes, including equity, debt, and hybrid, with a quarterly average assets under management (QAAUM) of Rs 108,366 crore. Canara Robeco’s product portfolio includes a variety of equity and debt-oriented schemes, catering to both retail and institutional investors. The company has also implemented digital platforms for customer onboarding, payments, and fund tracking. The company operates in over 23 cities across India, with a network of 49,412 distribution partners, including Canara Bank. It is also experiencing a growing presence in B-30 cities.;
Founded in
1993
Managing director
Mr Rajnish Narula
Parent organisation
Canara Robeco Asset Management Company Limited

Strengths & Financials of Canara Robeco AMC

Strengths
Risks
Several of Canara Robeco AMC’s equity-oriented schemes have demonstrated consistent long-term performance, with seven of them being managed for over 10 years. As of December 31, 2024, the company claims to hold the third-highest share of equity assets under management (AUM) among the top 10 AMCs in India, with Rs 100,959 crore in equity-oriented assets, representing 93.16 percent of its total qualifying assets under management (QAAUM). Canara Robeco claims that all seven of these long-standing equity-oriented schemes have outperformed their respective benchmark indices in a 10-year return horizon.
Canara Robeco AMC claims to benefit from the legacy and recognition of its strong parentage. With Canara Bank owning 51 percent and OCE holding 49 percent, the company claims to leverage Canara Bank’s extensive network of over 9,800 branches and its global expertise. As of December 31, 2024, Canara Robeco claims to have Rs 8,774 crore in AUM generated through Canara Bank branches, representing 8.17 percent of its total AUM.
Canara Robeco AMC claims to have seen significant growth in the proportion of its market assets under active management (MAAUM) contributed by individual retail and high-net-worth individual (HNI) investors. It increased from Rs 41,901 crore in FY22 to Rs 78,420 crore in FY24, reflecting a compound annual growth rate (CAGR) of 36.80 percent. As of December 31, 2024, the total folios invested in Canara Robeco’s schemes were 0.50 crore, with 0.49 crore being individual customer folios, representing 98.99 percent of the total folio base.
The company claims to have witnessed an increase in its Systematic Investment Plan (SIP) count, folio count, and monthly SIP contributions. The total SIP count reached 0.23 crore as of December 31, 2024, from 0.14 crore in FY22. SIP monthly contributions stood at Rs 777 crore as of December 31, 2024.
Canara Robeco AMC claims to have a robust multi-channel sales and distribution network, which includes third-party distributors, sales through branches, and digital platforms. As of December 31, 2024, the company claims to have 49,412 distribution partners across India, including Canara Bank, 44 other banks, 259 national distributors (ND), and 49,108 mutual fund distributors (MFDs).
Canara Robeco AMC claims to have invested heavily in a digital ecosystem aimed at improving customer convenience, engagement, and service accessibility. It claims that its mobile application, Canara Robeco Mutual Fund App, has experienced over 500,000 downloads as of December 31, 2024. Additionally, Canara Robeco claims to offer online investments through "Smartinvest" on its website.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 164.22 crore in FY22 to Rs 204.59 crore in FY23 to Rs 318.09 crore in FY24, while PAT increased from Rs 60.16 crore in FY22 to Rs 79.00 crore in FY23 to Rs 150.99 crore in FY24.

Canara Robeco AMC Financials

*All values are in Rs. Cr
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