Canara Robeco Income Fund Direct Plan Growth Option

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.