CANARA ROBECO INCOME FUND (CRINC)

Medium To Long Duration Fund - An open ended medium term debt scheme investing in debt & money market instruments such that the Macaulay duration of the portfolio is between 4 years – 7 years. (Portfolio Macaulay duration under anticipated adverse situation is 1 year to 7 years). A relatively high interest rate risk and moderate credit risk.
(as on July 29, 2022)


SCHEME OBJECTIVE The Scheme seeks to generate income and capital appreciation through a portfolio constituted of medium to long term debt and money market securities and issuers of different risk profiles. However, there can be no assurance that the investment objective of the scheme will be realized.
DATE OF ALLOTMENT September 19, 2002
BENCHMARK CRISIL Medium to Long Duration Fund BIII Index
FUND MANAGER* 1) Mr. Avnish Jain
2) Mr. Kunal Jain
TOTAL EXPERIENCE 1) 27 Years
2) 14 Years
MANAGING THIS FUND 1) Since 25-June-14
2) Since 18-July-22
ASSET ALLOCATION Debt and Money Market instruments- 0% to 100% (Risk- Low to Medium)
Reits/Invits- 0% to 10% (Risk- Medium to High)
MINIMUM INVESTMENT 5000 and in multiples of ₹ 1 thereafter
Subsequent purchases: Minimum amount of ₹ 1000 and multiples of ₹ 1 thereafter
SIP: For Any date/monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter
For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter
STP: For Daily/Weekly/Monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter
For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter
SWP: For monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter
For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter
PLANS / OPTIONS Regular Plan - Quarterly Reinvestment of Income Distribution cum Capital Withdrawal Option
Regular Plan - Quarterly Payout of Income Distribution cum Capital Withdrawal Option
Regular Plan - Growth Option
Direct Plan - Quarterly Reinvestment of Income Distribution cum Capital Withdrawal Option
Direct Plan - Quarterly Payout of Income Distribution cum Capital Withdrawal Option
Direct Plan - Growth Option
ENTRY LOAD Nil
EXIT LOAD 1% - if redeemed/switched out within 12 months from the date of allotment
EXPENSE RATIO^:
Regular Plan : 1.88%
Direct Plan : 0.74%

Monthend AUM#
₹ 126.87 Crores
Monthly AVG AUM
₹ 126.08 Crores

(as on July 29, 2022)
Direct Plan - Growth Option
₹ 50.0998
Regular Plan - Growth Option
₹ 46.1829
Regular Plan - Quarterly IDCW (payout/reinvestment)
₹ 14.4687
Direct Plan - Quarterly IDCW (payout/reinvestment)
₹ 15.9348

Yield to Maturity
6.75%
Modified Duration
3.21 Years
Average Maturity
4.14 Years
Macaulay Duration
3.33 Years

Name of the Instruments

Rating

% to NAV

Debt Instruments

16.09

Power Finance Corporation Ltd

AAA(CRISIL)

4.09

LIC Housing Finance Ltd

AAA(CRISIL)

4.03

Housing Development Finance Corporation Ltd

AAA(CRISIL)

3.99

Power Grid Corporation of India Ltd

AAA(CRISIL)

3.98

Government Securities

70.57

7.59% GOI 11-JAN-26

Sovereign

12.07

7.38% GOI 20-JUN-27

Sovereign

7.99

6.69% GOI 27-JUN-24

Sovereign

7.89

7.54% GOI 23-MAY-36

Sovereign

7.89

6.79% GOI 15-MAY-27

Sovereign

7.79

5.63% GOI 12-APR-26

Sovereign

7.56

5.74% GOI 15-NOV-26

Sovereign

7.53

7.27% GOI 08-APR-26

Sovereign

3.98

7.10% GOI 18-APR-29

Sovereign

3.91

6.54% GOI 17-JAN-32

Sovereign

3.73

8.47% MAHARASHTRA SDL 10-FEB-26

Sovereign

0.23

Tri - party repo

12.18

Other Current Assets

1.16

Grand Total ( Net Asset)

100.00

Canara Robeco Income Fund is an open ended medium term debt scheme investing in debt & money market instruments such that the Macaulay duration of the portfolio is between 4 years –7 years. However, the Portfolio Macaulay duration under anticipated adverse situation may be between 1 year and 7 years. Fund manager takes an active view of the interest rate movements. Based on the interest rate view, the duration of the portfolio will be decided along with the asset allocation pattern between sovereign & corporate bonds. As majority of the portfolio gets invested in high quality debt papers, which provides consistent accrual income to the portfolio.

% Allocation
Net Current Assets
1.15%
0 to 3 Months
12.18%
6 to 12 Months
3.98%
1 -2 years
15.92%
Greater Than 2 Years
66.78%

This product is suitable for investors who are seeking*:
  • Income / Capital appreciation over Medium to Long term
  • Investment in debt & money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years (Portfolio Macaulay duration under anticipated adverse situation is 1 year to 7 years)
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

$ Source ICRA MFI Explorer | Monthend AUM as on 29.07.2022 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. *Please refer notice cum addendum no. 22 dated July 20, 2022 for change in fund management responsibilities.