Overview
Canara Robeco Balanced Advantage Fund Direct Growth
Canara Robeco Mutual Fund
The scheme seeks to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments.
Investments in Canara Robeco Balanced Advantage Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 10.05
Fund Size (AUM)
₹1436.29 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹1000
Launch Date
02-Aug-2024
Expense Ratio
0.77%
Exit Load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 365 days.
Benchmark
CRISIL Hybrid 50+50 Moderate Index
Standard Deviation
N/A
History
Performance & Ratios
1-Year SIP Return
N/A
3-Year SIP Return
N/A
5-Year SIP Return
N/A
Mean Return
N/A
Alpha
-
Beta
-
Sharpe Ratio
-
Sortino Ratio
-
Information Ratio
-
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | N/A | N/A | N/A | N/A |
| Category Average | 7.8% | 11.08% | 14.77% | N/A |
| Rank Within Category | N/A | N/A | N/A | N/A |
Holdings (94)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDB Financial Services Ltd. | Financial | NCD | 5.24% |
| ICICI Bank Ltd. | Financial | Equity | 4.51% |
| HDFC Bank Ltd. | Financial | Equity | 3.8% |
| GOI | Sovereign | GOI Sec | 3.59% |
| Reliance Industries Ltd. | Energy | Equity | 3.58% |
| Bajaj Finance Ltd. | Financial | Debenture | 3.5% |
| Bharti Airtel Ltd. | Communication | Equity | 2.81% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.52% |
| Infosys Ltd. | Technology | Equity | 2.31% |
| GOI | Sovereign | GOI Sec | 2.12% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund Direct Growth | 94824.34 | 10.74 | 19.79 | 0.88 | N/A |
| Baroda BNP Paribas Balanced Advantage Fund Direct Growth | 4073.23 | 9.95 | 14.24 | 0.77 | N/A |
| SBI Balanced Advantage Fund Direct Growth | 34015.41 | 9.04 | 13.96 | 0.71 | N/A |
| ICICI Prudential Balanced Advantage Direct Growth | 60591.13 | 11.47 | 13.24 | 0.92 | N/A |
| Tata Balanced Advantage Fund Direct Growth | 10075.2 | 7.56 | 12.03 | 0.36 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 1000
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 5, 15, 20, 25
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 5, 15, 20, 25
Min Amount: ₹ 1000
Min Installments: 6
AMC Details
Asset Management Company
Canara Robeco Mutual Fund
Canara Robeco Mutual Fund started their mutual fund on 19/12/1987 and its managing total assets of ₹11,895 Cr. Its ranked at 20 as per total assets at end of 30th Sep 2017. Canara Robeco Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Canara Robeco is a Asset management company is a joint venture between Canara Bank and Robeco, a Dutch asset management company. Canara Robeco is the second oldest mutual fund in the country and was started in December 1987 (As Canara Mutual Fund).
Canara Robeco Mutual Fund presents a wide variety of funds in various different categories such as equity, debt and hybrid and income. Being a trusted brand, it strongly believes in providing world class investment services to all its customers. As of June 2018, the Asset Under Management of the company is Rs.1,337,458.48.
The equity shareholding structure comprises of Canara Bank owning 51% shares and Robeco Group owning 49% shares. Being one of the oldest mutual fund companies, it has made its mark in the mutual fund industry through its constant and stable performance across different market capitalization.
Launch Date
1987-12-19T00:00:00.036Z
Total AUM
₹ 97703.54 Cr
Address
4th Floor - Construction House,5 - Walchand Hirachand Marg, Mumbai 400001
Phone
022-22621371/ 66585000 / 665850010
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Canara Robeco Balanced Advantage Fund Direct Growth
Canara Robeco Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Canara Robeco Balanced Advantage Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Canara Robeco Balanced Advantage Fund Direct Growth?
The top stocks held by Canara Robeco Balanced Advantage Fund Direct Growth include HDB Financial Services Ltd., ICICI Bank Ltd., HDFC Bank Ltd..
Which industries does Canara Robeco Balanced Advantage Fund Direct Growth invest in?
Canara Robeco Balanced Advantage Fund Direct Growth primarily invests in the following industries: Financial, Sovereign, Energy.
Who are the fund managers of Canara Robeco Balanced Advantage Fund Direct Growth?
The fund managers of Canara Robeco Balanced Advantage Fund Direct Growth are Suman Prasad and Shridatta Bhandwaldar and Ennette Fernandes and Amit Kadam.
How many years has the fund manager been managing Canara Robeco Balanced Advantage Fund Direct Growth?
Suman Prasad:
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Shridatta Bhandwaldar:
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Ennette Fernandes:
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Amit Kadam:
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What is the minimum investment for Canara Robeco Balanced Advantage Fund Direct Growth?
The minimum investment for Canara Robeco Balanced Advantage Fund Direct Growth is ₹5000 for lumpsum investments and ₹1000 for SIPs.
What are the average 1-year returns for Canara Robeco Balanced Advantage Fund Direct Growth?
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What are the average 3-year returns for Canara Robeco Balanced Advantage Fund Direct Growth?
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What is the expense ratio of Canara Robeco Balanced Advantage Fund Direct Growth, and how does it compare to its category?
The expense ratio of Canara Robeco Balanced Advantage Fund Direct Growth is 0.77%. The average expense ratio for similar funds in the Hybrid is Calculating....