CANARA ROBECO ULTRA SHORT TERM FUND (CRUSTF)

Ultra Short Duration Fund - An open ended ultra-short term debt scheme investing in debt & money market instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months. A relatively low interest rate risk and moderate credit risk.
(as on September 30, 2022)


SCHEME OBJECTIVE To generate returns by investing in a wide range of debt securities and money market instruments of various maturities and risk profile. However, there is no assurance that the objective of the Fund will be realised.
DATE OF ALLOTMENT September 16, 2003
BENCHMARK CRISIL Ultra Short Duration Fund BI Index
FUND MANAGER 1) Ms. Suman Prasad
2) Mr. Avnish Jain
TOTAL EXPERIENCE 1) 24 Years
2) 27 Years
MANAGING THIS FUND 1) Since 12-April-11
2) Since 01-April-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 ₹500 and in multiples of ₹ 1 thereafter.
Subsequent purchases:
Minimum amount of ₹ 500 and multiples of ₹ 1 thereafter.
SIP: For Any date/monthly frequency – ₹ 500 and in multiples of ₹ 1 thereafter
For quarterly frequency – ₹ 500 and in multiples of ₹ 1 thereafter
STP: The minimum amount for STP will be subject to the minimum investment amount as detailed in switch-in scheme
SWP: ₹ 100 and in multiples of ₹ 1 thereafter
PLANS / OPTIONS Regular Plan - Daily Reinvestment of Income Distribution cum Capital Withdrawal Option
Regular Plan - Weekly Reinvestment of Income Distribution cum Capital Withdrawal Option
Regular Plan - Weekly Payout of Income Distribution cum Capital Withdrawal Option
Regular Plan - Monthly Reinvestment of Income Distribution cum Capital Withdrawal Option
Regular Plan - Monthly Payout of Income Distribution cum Capital Withdrawal Option
Regular Plan - Payout of Income Distribution cum Capital Withdrawal Option
Regular Plan - Growth Option
Direct Plan - Daily Reinvestment of Income Distribution cum Capital Withdrawal Option
Direct Plan - Weekly Reinvestment of Income Distribution cum Capital Withdrawal Option
Direct Plan - Weekly Payout of Income Distribution cum Capital Withdrawal Option
Direct Plan - Monthly Reinvestment of Income Distribution cum Capital Withdrawal Option
Direct Plan - Monthly Payout of Income Distribution cum Capital Withdrawal Option
Direct Plan - Payout of Income Distribution cum Capital Withdrawal Option
Direct Plan - Growth Option
ENTRY LOAD Nil
EXIT LOAD Nil
EXPENSE RATIO^:
Regular Plan : 0.95%
Direct Plan : 0.41%

Monthend AUM#
₹ 566.11 Crores
Monthly AVG AUM
₹ 570.24 Crores

(as on September 30, 2022) (₹)
Direct Plan - Daily IDCW (reinvestment)
1,240.7100
Direct Plan - Growth Option
3,336.0132
Direct Plan - IDCW (payout/reinvestment)
1,909.5378
Direct Plan - Monthly IDCW (payout/reinvestment)
1,000.7933
Regular Plan - IDCW (payout)
1,308.0466
Regular Plan - Daily IDCW (reinvestment) 1,240.7100
Regular Plan - Growth Option 3,184.1040
Regular Plan - Monthly IDCW (payout/reinvestment) 1,000.7626
Regular Plan - Weekly IDCW (payout/reinvestment) 1,241.6562
Direct Plan - Weekly IDCW (payout/reinvestment) 1,241.6930

Yield to Maturity
6.54%
Modified Duration
0.33 Years
Average Maturity
0.35 Years
Macaulay Duration
0.35 Years

Name of the Instruments

Rating

% to NAV

Money Market Instruments

30.02

Kotak Mahindra Bank Ltd

A1+(CRISIL)

4.38

Axis Bank Ltd

A1+(CRISIL)

4.36

Larsen & Toubro Ltd

A1+(CRISIL)

4.35

Bank of Baroda

A1+(IND)

4.31

Small Industries Development Bank of India

A1+(CARE)

4.30

HDFC Bank Ltd

A1+(CARE)

4.16

Export-Import Bank Of India

A1+(CRISIL)

4.16

Debt Instruments

38.81

Kotak Mahindra Prime Ltd

AAA(CRISIL)

6.19

NTPC Ltd

AAA(CRISIL)

5.28

Power Finance Corporation Ltd

AAA(CRISIL)

4.42

REC Ltd

AAA(CRISIL)

4.42

Reliance Industries Ltd

AAA(CRISIL)

4.42

National Bank For Agriculture & Rural Development

AAA(ICRA)

4.40

LIC Housing Finance Ltd

AAA(CARE)

4.38

Sundaram Finance Ltd

AAA(CRISIL)

1.77

Larsen & Toubro Ltd

AAA(CRISIL)

1.77

Housing Development Finance Corporation Ltd

AAA(CRISIL)

1.76

Government Securities

3.56

8.21% RAJASTHAN SDL UDAY 31-MAR-23

Sovereign

3.56

Treasury Bills

21.75

TREPS

4.44

Other Current Assets

1.43

Grand Total ( Net Asset)

100.00

Canara Robeco Ultra Short Term Fund is an open ended ultra-short term debt scheme which seeks to provide consistent income and liquidity through investments made primarily in money market and debt securities following a low risk strategy. The portfolio duration of the fund tends to be slightly higher than a liquid fund but investments are made in debt instruments in a way that the Macaulay duration of the portfolio is between 3 months and 6 months.

% Allocation
Net Current Assets
1.43%
0 to 3 Months
39.52%
3 to 6 Months
33.96%
6 to 12 Months
25.09%

This product is suitable for investors who are seeking*:
  • Income/ Capital appreciation over ultra-short term through a low risk strategy
  • Investment in a mix of Debt and Money Market instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
*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.