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 August 31, 2023)
| 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 | CRISILMedium to Long Duration Debt B-III 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 : 0.76% |
| Monthend AUM# | ₹ 127.35 Crores |
| Monthly AVG AUM | ₹ 127.65 Crores |
| (as on August 31, 2023) | (₹) |
| Direct Plan - Growth Option | 53.7840 |
| Regular Plan - Growth Option | 48.9692 |
| Regular Plan - Quarterly IDCW (payout/reinvestment) | 14.6612 |
| Direct Plan - Quarterly IDCW (payout/reinvestment) | 16.3449 |
| Annualised Portfolio YTM | 7.26% |
| Modified Duration | 5.78 Years |
| Residual Maturity | 8.45 Years |
| Macaulay Duration | 5.86 Years |
Name of the Instruments |
Rating |
% to NAV |
Government Securities |
|
86.71 |
7.18% GOI 2037 (24-JUL-2037) |
Sovereign |
23.44 |
7.26% GOI 2033 (06-FEB-2033) |
Sovereign |
15.80 |
7.17% GOI 2030 (17-APR-2030) |
Sovereign |
15.70 |
7.18% GOI 2033 (14-AUG-2033) |
Sovereign |
11.82 |
7.10% GOI 2029 (18-APR-2029) |
Sovereign |
11.74 |
7.71% ANDHRA PRADESH SDL 06-APR-33 |
Sovereign |
4.00 |
7.64% KERALA SDL 04-JAN-34 |
Sovereign |
3.98 |
8.47% MAHARASHTRA SDL 10-FEB-26 |
Sovereign |
0.23 |
Money Market Instruments |
|
15.86 |
Treasury Bills |
|
9.69 |
TREPS |
|
6.17 |
Other Current Assets |
|
-2.57 |
Grand Total ( Net Asset) |
|
100.00 |
% Allocation |
|
Net Current Assets |
-2.56% |
| 0 to 3 Months | 13.96% |
6 to 12 Months |
1.91% |
| More Than 2 Years | 86.70% |
| This product is suitable for investors who are seeking*: | |
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| *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