Canara Robeco Corporate Bond Fund Regular Growth
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Min amount: ₹1,000
- Fund Summary
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|Fund Type||Corporate Bond|
|Exit Load||0.5% for 90 Days|
More about this fund
|7.37% Govt Stock 2023||5.17%|
|Rural Electrification Corporation Limited||5.05%|
|Aditya Birla Finance Limited||4.77%|
|Reliance Industries Limited||3.6%|
|7.26% Govt Stock 2029||3.46%|
|6.79% Govt Stock 2027||3.38%|
|LIC Housing Finance Limited||3.35%|
|Power Finance Corporation Limited||3.33%|
|Rural Electrification Corporation Limited||3.32%|
About Canara Robeco Corporate Bond Fund
Canara Robeco Corporate Bond Fund is an open-ended debt scheme investing in AA+ and above rated corporate bonds. The scheme seeks to provide regular income and capital appreciation through a low credit risk strategy. The fund may also invest in debt securities, money market instruments, derivatives, securitised debts, foreign securities, and REITs and InvITs.
Pros & Cons of Canara Robeco Corporate Bond Fund
Canara Robeco Corporate Bond Fund offers the following benefits:
- The fund provides investors with an opportunity to generate income without taking huge risks.
- It also enables investors to diversify their portfolio by including corporate bonds in the portfolio.
- However, the fund returns have been consistently lower than the average category returns.
Fund Information and Statistics of Canara Robeco Corporate Bond Fund
Inception / Launch date
The Canara Robeco Corporate Bond Fund was offered on February 07, 2014, by Canara Robeco Mutual Funds.
Canara Robeco Corporate Bond Fund is a moderate risk investment.
The units can be redeemed on any business day based on the NAV prices. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from the date of redemption or repurchase.
The fund is managed by Mr Avnish Jain since February 7, 2014. He is a B. Tech from IIT & PGDM from IIM and comes with 24 years of experience.
Entry / Exit load
The fund house does not charge any entry load or exit load if 10% of units are redeemed within a year. However, 1% exit load is charged if more than 10% units are redeemed within the first year. No exit load is charged if sold after one year from the date of allotment.
Tax benefits of investing in Canara Robeco Corporate Bond Fund
- A Short-term capital gain tax will be levied on unitholders as per the income tax slab rate if units are held for less than 36 months.
- A long-term capital gains tax of 20% is applicable with indexation if units are held for more than 36 months.
- Dividend distribution tax will be deducted before distribution of the dividend.
About Canara Robeco Mutual Fund
Canara Robeco Mutual Fund is a joint venture between Canara Bank and Robeco. This was started as CanBank Mutual Fund in 1987 and the fund house got its present name after partnering with Robeco in 2007. The fund house offers a wide range of investment options to cater to the needs of every investor.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns