Despite a complicated history, its recent moves have been heartening. Due to frequent changes in fund managers and management, it's tough to nail down this fund's style. Safe to say, since July 2008, when the current fund managers under the new management of Canara Robeco took over, the fund has been transformed into a stable and conservative offering. The equity allocation, along with the large cap exposure began to dip instantly. No more bold exposures. So investors, who want an equity exposure, but are not aggressive one, will be happy here.
Fund manager Anand Shah attempts to generate alpha on the way up and protect investors on the way down. On the fixed income side, the fund manager takes no risk at all. Over the 5-year period ended November 23, 2010, the fund has delivered an annualised return of 20 per cent (category average is 16 per cent).
