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 May 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 : 0.73%

Monthend AUM#
₹ 126.46 Crores
Monthly AVG AUM
₹ 126.33 Crores

(as on May 31, 2023) (₹)
Direct Plan - Growth Option
53.4540
Regular Plan - Growth Option
48.8084
Regular Plan - Quarterly IDCW (payout/reinvestment)
14.7939
Direct Plan - Quarterly IDCW (payout/reinvestment)
16.4566

Annualised Portfolio YTM
7.14%
Modified Duration
6.43 Years
Residual Maturity
11.84 Years
Macaulay Duration
6.83 Years

Name of the Instruments

Rating

% to NAV

Debt Instruments

4.04

Power Finance Corporation Ltd

AAA(CRISIL)

4.04

Government Securities

88.53

7.10% GOI 2029 (18-APR-2029)

Sovereign

19.88

7.41% GOI 2036 (19-DEC-2036)

Sovereign

16.27

7.17% GOI 2030 (17-APR-2030)

Sovereign

15.97

7.36% GOI 2052 (12-SEP-2052)

Sovereign

8.11

7.26% GOI 2033 (06-FEB-2033)

Sovereign

8.06

7.40% GOI 2062 (19-SEP-2062)

Sovereign

4.08

7.71% ANDHRA PRADESH SDL 06-APR-33

Sovereign

4.06

7.64% KERALA SDL 04-JAN-34

Sovereign

4.04

7.06% GOI 2028 (10-APR-2028)

Sovereign

3.98

6.95% GOI 2061 (16-DEC-2061)

Sovereign

3.85

8.47% MAHARASHTRA SDL 10-FEB-26

Sovereign

0.23

TREPS

3.89

Treasury Bills

1.89

Other Current Assets

1.68

Grand Total ( Net Asset)

100.00

Canara Robeco Income Fund is 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. However, the Portfolio Macaulay duration under anticipated adverse situation may be between 1 year and 7 years. Fund manager takes an active view of the interest rate movements. Based on the interest rate view, the duration of the portfolio will be decided along with the asset allocation pattern between sovereign & corporate bonds. As majority of the portfolio gets invested in high quality debt papers, which provides consistent accrual income to the portfolio.

% Allocation
Net Current Assets
1.68%
0 to 3 Months
3.89%
6 to 12 Months
1.89%
1- 2 Years
4.04%
More Than 2 Years
88.51%

This product is suitable for investors who are seeking*:
  • Income / Capital appreciation over Medium to Long term
  • Investment in debt & money market instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years (Portfolio Macaulay duration under anticipated adverse situation is 1 year to 7 years)
*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 31.05.2023 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers.*Please refer notice cum addendum no. 05 dated April 25, 2023 on Change in Benchmark of Open Ended Debt Schemes of Canara Robeco Mutual Fund (CRMF)