Canara Robeco Emerging Equities fund (Growth)

Canara Robeco Emerging Equities Fund (Growth) is an open ended large and mid cap equity scheme. It invests in a diversified portfolio of large and mid cap stocks across different sectors. Large and mid-cap funds invest at least 35% of their assets in both large-cap companies and mid-cap companies. Due to such a diversified investment strategy, the scheme has the potential to generate higher returns in comparison to a large-cap mutual fund. This scheme employs a bottom-up approach while picking large and mid cap stocks for investment. 

As of 4th April 2022, Canara Robeco Emerging Equities Fund (Growth) has invested 95.90% in equity and related securities and the remaining 4.10% in debt and fixed income earning instruments. Moreover, the investment in large cap stocks is 59.50% while allocation to mid-cap stocks is 37.55%. Owing to its exposure to the equity market the recommended investment horizon is a minimum of 5 years. Currently, the fund is managed by Mr. Shridatta Bhandwaldar.

Investment Objective of Canara Robeco Emerging Equities Fund (Growth)

Canara Robeco Emerging Equities Fund (Growth) aims to deliver wealth creation and diversification. In agreement with the investment objective, the fund invests in a diversified portfolio of large and mid-cap stocks. The fund invests across different sectors including financial services, technology, healthcare, and energy. However, there can be no assurance that the investment objective of the scheme will be realized. 

Scheme Details of Canara Robeco Emerging Equities Fund (Growth)

On 11th March 2005, Canara Robeco Mutual Fund had launched Canara Robeco Emerging Equities Fund (Growth). With an existence of over 17 years, the fund continues to provide wealth appreciation and growth potential over the long term.

• NAV and Returns – The NAV of the fund as of 4th April 2022 is Rs 161.49. The risk-o-meter of the fund is very high risk. Hence, an investor must understand that their principal investment amount will be at very high risk. Since its inception, Canara Robeco Emerging Equities Fund (Growth) has delivered a return of 17.60%.
• Minimum Investment – For a SIP investment, the fund mandates a minimum SIP investment of Rs 1,000. To make a lump sum investment an investor must invest a minimum amount of Rs 5,000.
• Expense Ratio and Exit Load – The fund charges an expense ratio of 1.80% on the units of the mutual funds at the NAV. The fund charges an exit load of 1%. The exit load is applicable if an investor redeems or switches out of the scheme within 1 year from the allotment. However, if an investor redeems or switches out of the scheme after the expiry of 1 year from the date of allotment then the exit load is NIL.
• Fund Manager – Since its inception, the fund has been managed by Shridatta Bhandwaldar. Mr. Bhandwaldar holds a bachelor’s degree in mechanical engineering and a master’s degree in management science (Finance). He worked with SBI Pension Funds Pvt. Ltd. as Head-Research, Heritage India Advisory Pvt. Ltd. as Senior Equity Analyst, Motilal Oswal Securities, and MF Global Securities before joining Canara Robeco Mutual Fund.
• Other Details – As of 4th April 2022, the AUM of Canara Robeco Emerging Equities Fund (Growth) is Rs 12,994.203 cr. The fund benchmarks to IISL Nifty Large & Midcap 250 TR INR and aims to outperform its benchmark through a bottom-up investment approach to selecting the large and mid cap stocks.
• Prescribed Asset Allocation– Large Cap equity and equity related instruments* – 35% to 65%. (Risk- High). Mid Cap equity and equity related instruments* – 35% to 65% (Risk- High). Other equity and equity related instruments, debt and money market instruments – 0% to 30% (Risk- Low to Medium). Reits and Invits- 0% to 10%.(Risk- Medium to High).

Growth Review

Canara Robeco Emerging Equities Fund (Growth) is recommended by Scripbox within the mutual fund category of large and mid cap funds. These funds have the potential to deliver consistent returns by outperforming their benchmark and creating a portfolio of equities belonging to different market capitalisations. Canara Rob Emerg Equities Fund has 95% exposure in Indian equity, in which 57% is in large cap and 36% is in mid cap. The fund is ranked 3 on the basis of average 1 year rolling return – 21.09% and average 3 years rolling return – 18.41%. Returns were calculated based on 1 year and 3 years rolling returns rolled monthly for the last 4 years. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund’s absolute and relative performance across all timescales, without bias.

The fund holds a good rank based on the quarterly outperformance count in the category. The fund is in top 3 based on information ratio in the category. The information ratio is used to evaluate the skill of a portfolio manager at generating returns more than a given benchmark. The fund has second highest AUM in the category with the AUM value of 12,278.79 Cr. The top 2 sectors of the fund are financial services and consumer cyclical with 29.58% and 13.98%.

1. With an existence of over 17 years, the fund has an extended history for analysis. Moreover, the track record is excellent within this category.
2. With an AUM or relative size of Rs 12,994.203 cr, the fund is a leader w.r.t. size within this category.
3. Over a period of time, the funds performed well by providing benchmark beating returns. 

Fund Performance

Annualised Returns

Performance Ratio

Asset Allocation

Asset Allocation as per Asset Type

Asset Allocation As per Sector

Frequently Asked Questions

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