Skip to main content

Canara Robeco Equity Diversified Fund

Buy Gold Mutual Funds

Invest Mutual Funds Online

Download Mutual Fund Application Forms

Call 0 94 8300 8300 (India)


Launched in September 2003, Canara Robeco Equity Diversified Fund has been ranked CRISIL Fund Rank 2 (a slot among the top 30 percentile indicates good performance) in the diversified equity category of the CRISIL Mutual Fund Ranking for the quarter ended March.
 
The fund, with average assets under management of ~622 crore for the quarter ended June, is managed by Soumendra Nath Lahiri.
 
The fund has been in the top 30 percentile of the group for eight of the past nine quarters, barring the quarter ended December 2010. Over the past four quarters, too, it stood among the top 30 percentile in the category of consistent equity fund performers, which looks at performances over a longer term.
 
Performance The fund has delivered good returns, outperforming both its benchmark (Bombay Stock Exchange 200) and its category average over the one-, two-, three-, five- and seven-year periods. Over the past three years, the fund has given returns of 14.06 per cent, compared with 5.80 per cent and 9.78 per cent by its benchmark and its category, respectively.
 
An investment of ~1 lakh since the funds inception would have appreciated to ~5,45,400 as of June 25. An equal amount invested in its benchmark would have returned ~3,74,839, while its category would have yielded ~5,06,027 during the same period.
 
Under the systematic investment plan route, too, it fared well. A monthly investment of Rs 1,000 over five and seven years would have grown to ~79,537 and ~1,30,427, yielding a compound annual growth rate (CAGR) of 11.27 per cent and 12.39 per cent, respectively. A similar investment in the benchmark would have risen to ~65,211 and ~1,03,190, CAGRs of 3.3 per cent and 5.81 per cent, respectively.
 

During the crisis period of January 2008 to March 2009, the fund declined at a rate lower than the benchmark's (46 per cent, against 50 per cent). Between January 2011 and June 2012, when the markets were volatile, it declined at four per cent, compared with the benchmark's 13 per cent fall.

And, during the sharp market recovery from April 2009 to December 2010, the fund substantially outperformed the benchmark (64 per cent returns, against the benchmark's 56 per cent returns).
 
Investment style The fund plans to adopt a bottom-up strategy of stock picking, focusing on the company's business fundamentals, industry structure, management quality and financial strength. Some of the stocks retained by the fund over the past three years, which outperformed the BSE 200 during this period, are HDFC Bank, State Bank of India, BPCL, Cadila Healthcare and GAIL
At the industry level, banking has been the most favoured sector over the past three years, with an average 19 per cent exposure, followed by software and pharmaceuticals with nine per cent and 8.92 per cent, respectively. The fund has been overweight on banks (over four per cent) and pharma (over two per cent) compared to its category during the same period. This has also contributed to better returns.
 
Canara Robeco Equity Diversified Fund primarily focuses on large-cap and midcap companies with strong fundamentals. The average exposure to CRISIL-defined large-cap stocks (top 100 stocks based on average market capitalisation on the National Stock Exchange) over the past three years was 77 per cent. The fund has actively managed its equity exposure through a low average largecap exposure of 68 per cent from June 2009 to May 2010, when markets recovered after the sub-prime crisis. It increased its exposure to largecap stocks to an average of 84 per cent during June 2011 to May 2012 - when the markets were volatile.
 

The fund held an average of 46 stocks over three years, with the top five stocks of the fund accounting for 24 per cent of the portfolio over the same period, compared to its category, which held 45 stocks, with the top five stocks accounting for 27 per cent of the portfolio.  

Happy Investing!!

 

We can help. Call 0 94 8300 8300 (India)

 

Leave your comment with mail ID and we will answer them

                        OR

You can write back to us at prajnacapital [at] gmail [dot] com

---------------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

Best Performing Mutual Funds

    1. Largecap Funds        Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds     Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds    Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds             Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds              Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Gold Mutual Funds             Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Popular posts from this blog

ICICI Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...
Read more

What is Financial Freedom?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     There were many things common between our Freedom fighters. All had the Single vision (Free India), common goal (independence) and had a disciplined and focused approach. They were ready to do anything and everything and had made so many sacrifices to see India free . But the road to freedom was not easy .They had faced lot many hardships, went to jail so many times and even confronted physical and mental torture from the British. There was one more thing which proved to be an advantage to our fighters that most of them were professional lawyers. The knowledge of legal issues and its impact on our country at large has helped them counter various bills and proposed new laws by the then government. It is due to their continuous effort that we are able to achieve the goal of Independent Indi...
Read more

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...
Read more

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...
Read more

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now