Canara Robeco Income Fund Direct Plan Growth Option - Regular - Latest NAV [ ₹48.8678 ], Returns, Performance, Portfolio & Returns 2021

Canara Robeco Income Fund Direct Plan Growth Option

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Min amount: ₹1,000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 6.48 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years8.71%
3 Years9.53%
1 Year6.76%
6 Months1.7%
Fund Details
RiskLow to Moderate Risk
Fund TypeMedium to Long Duration
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
5.63% Govt Stock 202610.33%
6.68% Govt Stock 20318.73%
6.97% Govt Stock 20267.21%
Rural Electrification Corporation Limited7.02%
Indian Railway Finance Corporation Limited7.01%
4.48% Govt Stock 20236.88%
5.22% GOI 20256.84%
5.85% Govt Stock 20305.77%
Power Finance Corporation Limited3.78%
LIC Housing Finance Limited3.72%

About Canara Robeco Income Fund - Direct Plan - Growth

The Canara Robeco Income Fund - Direct Plan - Growth aims to offer capital appreciation and growth in income, by investing in a portfolio of medium to long-term bonds and money market instruments. This fund is suitable for investors who want higher returns as compared to bank fixed deposits of similar time-frame.

Pros and Cons of Canara Robeco Income Fund - Direct Plan - Growth

As this fund invests in a diversified portfolio of bonds, the returns are higher as compared to bank fixed deposits. The scheme intends to give higher returns to investors over a duration of four to seven years. On the flip side, the performance is affected by interest rate movements, and investors must be mindful of the risk.

Fund Information and Statistics

i) Inception/Launch Date

The Canara Robeco Income Fund was launched on 02 January 2013.

ii) Risk Level

The Canara Robeco Mutual Fund has put Canara Robeco Income Fund under the ‘Moderate Risk’category. This fund is less risky as compared to equity funds.

iii) Redemption

The Canara Robeco Income Fund is an open-ended fund and you can redeem the investment at any time.

iv) Fund Manager

Mr Avnish Jain is the current fund manager of the Canara Robeco Income Fund.

v) Entry/Exit Load

There is no entry load as per the norms of Securities and Exchange Board of India (SEBI). An exit load of 1% applies on redeeming the investment within one year. There is no exit load after a year.

About Canara Robeco Mutual Fund

Canara Robeco Mutual Fund is the second oldest mutual fund and a joint venture between Canara Bank and Robeco Groep N.V. The fund house has Canara Bank and ORIX Corporation Europe N. V. (formally called Robeco Groep N.V.) as its sponsors. As of March 2020, the fund had huge assets under management of Rs 17,933.22 crore.

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Frequently Asked Questions

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Min amount: ₹1,000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 6.48 Lakhs in a period of 20 years
Low to Moderate Risk

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