CANARA ROBECO BANKING AND PSU DEBT FUND (CRBPDF)

Banking and PSU Fund - An open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds. A relatively high interest rate risk and moderate credit risk.
(as on September 30, 2022)


SCHEME OBJECTIVE To generate income and/or capital appreciation through a portfolio of high quality debt and money market instruments issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there is no assurance that the objective of the fund will be realised.
DATE OF ALLOTMENT August 22, 2022
BENCHMARK CRISIL Banking and PSU Debt Index
FUND MANAGER* Mr. Avnish Jain
TOTAL EXPERIENCE 27 Years
MANAGING THIS FUND Since 29-July-22
ASSET ALLOCATION Debt and Money Market Instruments issued by Banks, Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs) and Municipal Bonds - 80% to 100% (Low to Medium) Debt (including securities issued by Central and State Governments) and Money Market Instruments issued by entities other than Banks, PFIs, PSUs and Municipal Bonds -0% to20%(Low to Medium)
Units issued by REITs and InvITs - 80% to 100% (Medium to High)
MINIMUM INVESTMENT Lump sum: ₹ 5,000.00 and multiples of ₹ 1.00 thereafter. Subsequent purchases: ₹ 1000.00 and multiples of ₹ 1.00 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 - Reinvestment of Income Distribution cum Capital Withdrawal Option
Regular Plan - Payout of Income Distribution cum Capital Withdrawal Option
Regular Plan - Growth Option
Direct Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option
Direct Plan - Payout of Income Distribution cum Capital Withdrawal Option
Direct Plan - Growth Option
ENTRY LOAD NA
EXIT LOAD Nil
EXPENSE RATIO^:
Regular Plan : 0.71%
Direct Plan : 0.36%

Monthend AUM#
₹ 440.91 Crores
Monthly AVG AUM
₹ 476.63 Crores

(as on September 30, 2022) (₹)
Direct Plan -Growth Option
9.9969
Regular Plan -GrowthOption
9.9929
Regular Plan - IDCW(payout/reinvestment)
9.9929
Direct Plan - IDCW(payout/reinvestment)
9.9969

Yield to Maturity
7.34%
Modified Duration
2.63 Years
Average Maturity
3.36 Years
Macaulay Duration
2.80 Years

Name of the Instruments

Rating

% to NAV

Money Market Instruments

16.02

Bank of Baroda

A1+(IND)

5.34

Kotak Mahindra Bank Ltd

A1+(CRISIL)

5.34

Export-Import Bank Of India

A1+(CRISIL)

5.34

Debt Instruments

67.57

HDFC Bank Ltd

AAA(CRISIL)

5.87

Power Finance Corporation Ltd

AAA(CRISIL)

5.81

ICICI Bank Ltd

AAA(CARE)

5.69

National Housing Bank

AAA(CRISIL)

5.64

Small Industries Development Bank Of India

AAA(ICRA)

5.62

Indian Oil Corporation Ltd

AAA(CRISIL)

5.55

National Bank For Agriculture & Rural Development

AAA(ICRA)

5.43

LIC Housing Finance Ltd

AAA(CRISIL)

5.37

Housing Development Finance Corporation Ltd

AAA(CRISIL)

4.53

Indian Railway Finance Corporation Ltd

AAA(CRISIL)

3.55

National Bank For Agriculture & Rural Development

AAA(CRISIL)

3.25

National Housing Bank

AAA(CRISIL)

2.26

Power Finance Corporation Ltd

AAA(CRISIL)

2.25

Small Industries Development Bank Of India

AAA(ICRA)

2.25

LIC Housing Finance Ltd

AAA(CRISIL)

2.20

REC Ltd

AAA(CRISIL)

1.15

REC Ltd

AAA(CRISIL)

1.15

Government Securities

11.03

7.38% GOI 20-JUN-27

Sovereign

3.41

5.74% GOI 15-NOV-26

Sovereign

3.22

5.63% GOI 12-APR-26

Sovereign

2.16

6.69% GOI 27-JUN-24

Sovereign

1.13

6.79% GOI 15-MAY-27

Sovereign

1.11

TREPS

2.20

Other Current Assets

3.18

Grand Total ( Net Asset)

100.00

Canara Robeco Banking and PSU Debt Fund would be an “Actively Managed Fund” that aims to capture opportunities in the interest rate cycle and mispricing on the yield curve.
The Fund will endeavour to invest in “High Grade Assets” that are either government –backed entities or systemically important private banks/entities. This potentially provides lower credit risk.
The fund is suitable for investors who have a “Medium-term investment horizon” of 3-4years & having relatively “low to medium risk appetite” looking to invest in high credit quality bonds with good liquidity.

% Allocation
Net Current Assets
3.19%
0 to 3 Months
2.20%
6 to 12 Months
16.01%
1 -2 years
13.51%
Greater Than 2 Years
65.09%

This product is suitable for investors who are seeking*:
  • Income/Capital appreciation over short to medium term
  • Investment in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds
*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 30.09.2022 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers. **Please refer notice cum addendum no.31 dated September 12, 2022 for change in riskometer for CRBPDF.