CANARA ROBECO CORPORATE BOND FUND (CRCBF)

Corporate Bond Fund - An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk.
(as on August 31, 2023)


SCHEME OBJECTIVE The Scheme seeks to generate income and capital appreciation through a portfolio constituted predominantly of AA+ and above rated Corporate Debt across maturities. However, there can be no assurance that the investment objective of the scheme will be realized
DATE OF ALLOTMENT 7th February, 2014
BENCHMARK CRISIL Corporate Bond B-III Index
FUND MANAGER 1) Mr. Avnish Jain
2) Ms. Suman Prasad
TOTAL EXPERIENCE 1) 27 Years
2) 24 Years
MANAGING THIS FUND 1) Since 7-Feb-14
2) Since 18-July-22
ASSET ALLOCATION AA+ and above rated Corporate Debt of varying maturities - 80% to 100% (Risk- Low to Medium)
Other Debt (including government securities) and Money Market Instruments - 0% to 20% (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 - 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 Nil
EXIT LOAD* If redeemed/switched-out within 90 Days from the date of allotment: 0.50%
If redeemed/switched-out after 90 Days from the date of allotment: Nil
EXPENSE RATIO^:
Regular Plan : 1.03%
Direct Plan : 0.36%

Monthend AUM#
₹ 176.30 Crores
Monthly AVG AUM
₹ 177.71 Crores

(as on August 31, 2023) (₹)
Direct Plan - Growth Option
20.2311
Regular Plan - Growth Option
19.1068
Regular Plan - IDCW (payout/reinvestment)
11.5684
Direct Plan - IDCW (payout/reinvestment)
12.2463

Annualised Portfolio YTM
7.42%
Modified Duration
2.34 Years
Residual Maturity
3.09 Years
Macaulay Duration
2.55 Years

Name of the Instruments

Rating

% to NAV

Debt Instruments

 

73.72

HDFC Bank Ltd

AAA(CRISIL)

8.55

REC Ltd

AAA(CRISIL)

8.48

Small Industries Development Bank Of India

AAA(ICRA)

8.44

Power Finance Corporation Ltd

AAA(CRISIL)

5.70

National Bank For Agriculture & Rural Development

AAA(CRISIL)

5.68

Grasim industries Ltd

AAA(CRISIL)

5.68

LIC Housing Finance Ltd

AAA(CRISIL)

5.66

National Housing Bank

AAA(CRISIL)

5.65

Bajaj Finance Ltd

AAA(CRISIL)

5.62

Indian Railway Finance Corporation Ltd

AAA(CRISIL)

2.94

LIC Housing Finance Ltd

AAA(CRISIL)

2.84

Grasim Industries Ltd

AAA(CRISIL)

2.84

Power Finance Corporation Ltd

AAA(CRISIL)

2.82

Sundaram Finance Ltd

AAA(CRISIL)

2.82

Government Securities

 

17.08

7.26% GOI 2033 (06-FEB-2033)

Sovereign

5.71

7.38% GOI 2027 (20-JUN-2027)

Sovereign

5.71

7.39% TAMIL NADU SDL 10-MAY-33

Sovereign

5.66

Money Market Instruments

 

6.03

Treasury Bills

 

1.38

TREPS

 

4.65

Other Current Assets

 

3.17

Grand Total ( Net Asset)

 

100.00

Canara Robeco Corporate Bond Fund endeavours to generate accrual income by investing in High quality debt papers. The fund looks to benefit from the mispriced opportunities in the markets and a possible upgrade of rating of the instruments in which investments are made. The fund is suitable for investors who have a medium to long term investment horizon & a moderate risk appetite.

% Allocation
Net Current Assets
3.18%
0 to 3 Months
4.65%
3 to 6 Months
18.26%
6 to 12 Months
11.36%
1 -2 years
14.13%
More than 2 Years
48.43%

This product is suitable for investors who are seeking*:
  • Income / capital appreciation through a low credit risk strategy
  • Investment in a portfolio constituted predominantly of AA+ and above rated corporate bonds
*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 31.08.2023 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers. *Kindly refer notice cum addendum no. 19 for change in Exit Load w.e.f. 21st August, 2023