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 December 29, 2023)


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 Debt B-I 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 : 0.43%

Monthend AUM#
₹ 467.07 Crores
Monthly AVG AUM
₹ 479.61 Crores

(as on December 29, 2023) (₹)
Direct Plan - Daily IDCW (reinvestment)
1,240.7100
Direct Plan - Growth Option
3,622.4009
Direct Plan - IDCW (payout/reinvestment)
2,073.3304
Direct Plan - Monthly IDCW (payout/reinvestment)
1,001.2063
Regular Plan - IDCW (payout)
1,410.9186
Regular Plan - Daily IDCW (reinvestment) 1,240.7100
Regular Plan - Growth Option 3,434.4193
Regular Plan - Monthly IDCW (payout/reinvestment) 1,001.1786
Regular Plan - Weekly IDCW (payout/reinvestment) 1,241.4340
Direct Plan - Weekly IDCW (payout/reinvestment) 1,241.4682

Annualised Portfolio YTM
7.53%
Modified Duration
0.40 Years
Residual Maturity
0.43 Years
Macaulay Duration
0.43 Years

Name of the Instruments

Rating

% to NAV

Debt Instruments

 

42.60

Power Finance Corporation Ltd

AAA(CRISIL)

5.37

REC Ltd

AAA(CRISIL)

5.36

Power Grid Corporation of India Ltd

AAA(CRISIL)

5.36

Indian Oil Corporation Ltd

AAA(CRISIL)

5.34

Small Industries Development Bank Of India

AAA(ICRA)

5.32

HDB Financial Services Ltd

AAA(CRISIL)

5.32

Kotak Mahindra Prime Ltd

AAA(CRISIL)

5.27

LIC Housing Finance Ltd

AAA(CRISIL)

5.26

Alternative Investment Fund

 

0.33

Corporate Debt Market Development Fund Class A2

 

0.33

Money Market Instruments

 

55.94

Kotak Mahindra Bank Ltd

A1+(CRISIL)

5.32

Axis Bank Ltd

A1+(CRISIL)

5.29

State Bank Of India

A1+(IND)

5.29

Export-Import Bank Of India

A1+(CRISIL)

5.29

Mahindra & Mahindra Financial Services Ltd

A1+(CRISIL)

5.25

ICICI Bank Ltd

A1+(ICRA)

5.08

HDFC Bank Ltd

A1+(CARE)

5.00

Treasury Bills

 

15.11

TREPS

 

4.31

Other Current Assets

 

1.13

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
1.12%
0 to 3 Months
45.99%
3 to 6 Months
21.28%
6 to 12 Months
25.97%
1 to 2 Years
5.32%

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 / Quantitative Information as on 29.12.2023 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers