NAV : ₹ 11.493 as of 04 November, 2024
Fund size
Min SIP
Lumpsum
Launch date
Fund plan
Scheme type
Rating by Value Research
Over the past
Disclaimer: Past performance is not an indicator of future returns
Inclusive of GST
Avnish Jain
Apr 2022 - Present
Canara Robeco Mutual Fund
Total AUM: 87984.86Cr
Canara Robeco Asset Management Company Ltd. (CRAMC), also known as Canara Robeco Mutual Fund, came into existence in 2007 through a collaborative venture between Canara Bank, a venerable and expansive public sector bank in India, and Robeco, an international asset management company based in the Netherlands. The establishment of this fund house transpired when Canbank Mutual Fund divested 49% of its stake to Robeco Groep N.V. As of December 2023, the Asset Management Company (AMC) oversees Assets Under Management (AUM) of more than 79 thousand crores.
Learn more about Canara Robeco Mutual Fund
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of Canara Robeco Banking and PSU Debt Fund is ₹11.49
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of Canara Robeco Banking and PSU Debt Fund is ₹237.74 Cr.
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of Canara Robeco Banking and PSU Debt Fund is ₹1000
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of Canara Robeco Banking and PSU Debt Fund is 0.71%
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.