Canara Robeco Savings Fund Direct Growth

Debt
Low Duration
Low to Moderate Risk
5.19%
3Y annualised
+0.08% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 20 Mar 2023₹36.50
Min. SIP amount₹1,000
Rating2
Fund size₹1,003.36Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Low Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.9%5.2%5.9%7.2%
Category average4.7%5.6%5.4%NA
Rank with in category202013NA
Understand terms

Holdings (31)

NameSectorInstrumentAssets
National Housing BankFinancialDebenture7.4%
State Bank of India
FinancialCD7.2%
ICICI Bank Ltd.
FinancialCD7.1%
Power Finance Corporation Ltd.FinancialDebenture5.0%
HDB Financial Services Ltd.
FinancialDebenture4.8%
HDFC Bank Ltd.
FinancialCD4.7%
GOISovereignGOI Sec4.0%
GOI
SovereignGOI Sec3.0%
LIC Housing Finance Ltd.
FinancialDebenture3.0%
Housing Development Finance Corporation Ltd.FinancialDebenture2.5%
See All

Pros and cons

Category: Debt Low Duration

Pros

Cons

1Y, 5Y and 10Y annualised returns higher than category average
3Y annualised returns lower than category average by 0.43%
Higher alpha: 2.42 The fund has generated returns higher than benchmark - CRISIL Low Duration Fund BI Index - in the last 3Y
Low rating: 2
Exit load is zero
Lower expense ratio: 0.31%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.31%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Avnish Jain
Apr 2022 - Present
View details

Education
Mr. Jain is a B.Tech from IIT Kharagpur and Post Graduate from IIM Kolkata.
Experience
Prior to joining Canara Robeco AMC he has worked with ICICI Prudential AMC, PGIM India Mutual Fund, Deutsche Asset Management, Misys Software Solutions, Yes Bank and ICICI Bank.
Also manages these schemes

Kunal Jain
Jul 2022 - Present
View details

Education
Mr. Jain is a B.Com and MBA (Marketing).
Experience
Prior to joining Canara Robeco Mutual Fund, he has worked with PGIM India Mutual Fund, Indiabulls AMC Ltd. as Fund Manager, LIC Nomura AMC Ltd. as Fund manager and Kotak Mahindra AMC Ltd. as Fixed Income Dealer.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
4th Floor - Construction House,5 - Walchand Hirachand Marg,Ballard Estate, Mumbai 400001
Phone
022-22621371/ 66585000 / 665850010
Launch Date
19 Dec 1987
Website
NA
Canara Robeco Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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