Canara Robeco Mutual Fund: Schemes, Performance & Returns
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16 MAY, 2024

Canara Robeco Mutual Fund is a collaborative venture between Canara Bank and Robeco, an asset management company headquartered in the Netherlands. Established in 1987, Canara Robeco Asset Management Company Limited operates as the investment manager for Canara Robeco Mutual Fund. The fund offers a diverse range of investment options across various asset classes, including equity, debt, and hybrid funds, catering to investors' diverse needs and risk appetites.

Mutual funds play a pivotal role in building a well-diversified investment portfolio by providing access to a wide range of securities, including stocks, bonds, and other financial instruments. They offer several benefits, including professional management, liquidity, and diversification, making them essential to any investment strategy. By investing in mutual funds, investors can spread their risk across multiple assets while potentially maximising returns over the long term.

Canara Robeco Mutual Fund: Company Profile

Canara Robeco Asset Management Company Ltd. (CRAMC), commonly known as Canara Robeco Mutual Fund, traces its roots to a strategic joint venture between Canbank Mutual Fund and Robeco Groep N.V. Established in 2007, CRAMC emerged from the collaboration between these two esteemed entities, with Canbank Mutual Fund offloading 49% of its stake to Robeco Groep N.V. for Rs. 115 Crore. This partnership paved the way for the formation of Canara Robeco Asset Management Company Ltd., offering a diverse range of investment options to cater to the evolving needs of investors in India.

List of Canara Robeco Mutual Fund in India

Canara Robeco Mutual Fund offers diverse investment options catering to different risk appetites and investment objectives. From equity funds like the Canara Robeco Emerging Equities Fund and Canara Robeco Bluechip Equity Fund to hybrid funds like the Canara Robeco Equity Hybrid Fund, investors have access to a variety of schemes designed to suit their requirement of Canara Robeco mutual fund nav values.


Scheme Name Fund Category Annualised Returns (3 years) Annualised Returns (5 years) Minimum Investment Amount (Lump Sum) Minimum Investment Amount (SIP)

Canara Robeco Emerging Equities Fund

Equity

20.32%

19.46%

₹5,000

₹1,000

Canara Robeco Bluechip Equity Fund

Equity

18.45%

16.04%

₹5,000

₹100

Canara Robeco Equity Hybrid Fund

Hybrid

16.29%

16.45%

₹5,000

₹1,000

Canara Robeco ELSS Tax Saver Fund

Equity

20.19%

20.39%

₹500

₹500

Key Features and Benefits of Each Scheme

  • Canara Robeco Emerging Equities Fund: Offers high annualised returns with a minimum investment amount of Rs. 5,000 for lump sum and Rs. 1,000 for SIP.
  • Canara Robeco Bluechip Equity Fund: Provides stable returns over the years with a low minimum investment amount of Rs. 5,000 for lump sum and Rs. 100 for SIP.
  • Canara Robeco Equity Hybrid Fund: Blends equity and debt instruments to offer balanced returns, with a minimum investment amount of Rs. 5,000 for lump sum and Rs. 1,000 for SIP.
  • Canara Robeco ELSS Tax Saver Fund: A tax-saving option with impressive returns and a low minimum investment requirement of Rs. 500 for lump sum and SIP.

Canara Bank Robeco Mutual Funds Risk Management

Canara Robeco Mutual Funds upholds a steadfast commitment to exceptional risk management practices to protect investors' interests and optimise investment outcomes. The risk management framework of the Canara Robeco mutual fund is meticulously designed, having the identification, assessment, mitigation, and monitoring of risks throughout the investment lifecycle.

Types of Risks Associated with Mutual Fund Investments

  • Market Risk: This risk stems from fluctuations in the prices of securities held within the mutual fund portfolio, including equity market risk, interest rate risk, and currency risk.
  • Liquidity Risk: Liquidity risk arises from the inability to buy or sell securities at desired prices or volumes due to insufficient market liquidity.

How Can You Invest in Canara Bank Robeco Mutual Funds?

Investing in Canara Robeco Mutual Funds is a straightforward process, especially for Kotak Mahindra Bank customers who have access to convenient net banking services. Here's a step-by-step guide on how to opt for Canara Robeco Mutual Funds login via net banking:

  • Step 1: Start by logging in to your Kotak Bank net banking account using your Customer ID and password.
  • Step 2: Once logged in, locate the "Investments" section within your net banking dashboard.
  • Step 3: Within the Investments section, you'll find various tabs. Click on the "Transact" tab to proceed with mutual fund transactions.
  • Step 4: After accessing the Transact tab, look for the "Purchase" option. Click on it to initiate the process of investing in Canara Robeco Mutual Funds.

Tax Benefits of Investing in Canara Bank Robeco Mutual Funds

Understanding the tax implications is crucial when considering investment options in Canara Robeco equity mutual funds. Under Section 80C of the Income Tax Act in India, investors can avail of tax benefits through Equity Linked Saving Schemes (ELSS).

ELSS allows individuals to claim deductions of up to Rs. 1.5 lakh, resulting in potential tax savings of around Rs. 46,800 annually. However, it's crucial to note that ELSS has a minimum lock-in period of three years, ensuring a commitment to long-term investments. This tax-saving avenue fosters wealth creation and encourages taxpayers to participate in the equity market while enjoying the advantages of reduced taxable income.

Understanding these tax implications can help investors make informed decisions and optimise their investment returns. Canara Robeco Mutual Funds aims to provide attractive investment opportunities and transparency and clarity regarding tax liabilities for investors.

Conclusion

Canara Robeco Mutual Fund presents a dependable and versatile investment opportunity for individuals seeking to diversify their portfolios. With a selection of funds spanning different risk profiles and asset classes, investors have plenty of options to match their financial objectives. The collaboration between Canara Bank and Robeco brings together the expertise and global standards, ensuring professional management and stringent risk oversight. Additionally, the convenience of investing via net banking services enhances accessibility for potential investors.

The tax advantages associated with Canara Robeco Mutual Funds further promote their appeal, providing investors with clarity and transparency regarding tax implications. Whether pursuing high returns, tax efficiency, or a balanced strategy, Canara Robeco Mutual Fund schemes are designed to meet diverse investor needs.

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.