Canara Robeco Savings Fund Growth
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Min amount: ₹1,000
- Fund Summary
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|Risk||Moderately Low risk|
|Fund Type||Low Duration|
More about this fund
|LIC HOUSING FINANCE LIMITED||4.48%|
|Mahindra & Mahindra Financial Services Ltd||3.29%|
|Kotak Mahindra Prime Limited||2.6%|
|NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT||2.31%|
|Housing Development Finance Corporation Limited||2.24%|
|POWER FINANCE CORPORATION LIMITED||2.23%|
|LIC Housing Finance Limited||2.23%|
|Power Finance Corporation Ltd.||2.22%|
|Rural Electrification Corporation Limited||2.22%|
|Housing Development Finance Corporation Limited||2.21%|
About Canara Robeco Savings Fund
Canara Robeco Savings Fund is an open-ended debt fund investing in debt and money market instruments. The fund seeks to generate income and capital appreciation in a short time frame. The Macaulay Duration of the portfolio is between 6 months to 12 months. The fund may invest in derivatives, foreign securities, and REITs and InvITs.
Pros & Cons of Canara Robeco Savings Fund
Canara Robeco Savings Fund offers the following benefits:
- The scheme offers investors with an option to generate regular income at comparatively lower risk.
- It also enables investors to park funds during a volatile market.
- The fund returns are at par with the average category return.
Fund Information and Statistics of Canara Robeco Savings Fund
Inception / Launch date
The Canara Robeco Savings Fund was launched on March 04, 2005, by Canara Robeco Mutual Fund.
Investment in the Canara Robeco Savings Fund are at moderately-low risk and suitable for short to medium-term investment horizon.
The Scheme will offer Units for Purchase and Redemption at NAV prices on every Business Day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.
The fund is jointly managed by Ms Suman Prasad since April 12, 2011, and Mr Girish Hisaria since August 24, 2014. They have 36 years of cumulative work experience between them.
Entry / Exit load
The fund house does not charge any entry load or exit load.
Tax benefits of investing in Canara Robeco Savings 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 combination of Canara Bank's experience in the Indian market and Robeco's global experience in asset management. This partnership results in a formidable mutual fund house that is equipped to deal with uncertainties of Indian as well as financial markets. Canara Robeco Mutual Fund remains one of the fastest growing fund houses with respect to AUM.
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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