Canara Robeco Asset Management Co. Ltd.

Canara Robeco Asset Management Co. Ltd.

Canara Robeco Asset Management Company Ltd. (CRAMC), also known as Canara Robeco Mutual Fund, is a joint venture between the now-defunct Canbank Mutual Fund and Robeco Groep N.V. Canbank Mutual Fund, established in 1987, was the asset management arm of Canara Bank and is the second oldest mutual fund in India. Robeco Groep N.V., founded in 1929, is a global asset management company and was initially part of Rabobank, a Dutch multinational bank. The partnership between Robeco and Canbank Mutual Fund dates back to 1990, with Rabobank acquiring Robeco in 2001. Later, in 2013, Orix Europe purchased a 90.01% stake in Robeco for $2.7 billion and acquired the remaining shares in 2016. Orix Europe is a subsidiary of Orix Corporation, a Japanese financial services conglomerate. Today, Robeco Groep N.V. operates in 15 offices worldwide, employing over 900 people. By March 2024, it manages assets worth ₹87,069.50 crore. In FY 2017-18, the company reported net revenues of €582.6 million, a pre-tax profit of €109.9 million, and a post-tax profit of €87.5 million. In 2007, Canbank Mutual Fund sold a 49% stake to Robeco Groep N.V. for ₹115 crore, forming Canara Robeco Asset Management Company Ltd. (CRAMC). CRAMC offers a variety of investment options, including hybrid and monthly income funds, various debt and treasury funds, and a range of equity schemes, both thematic and diversified. For FY 2017-18, CRAMC reported a net income of ₹10,915.37 lakh, with a pre-tax profit of ₹3,240.56 lakh and a post-tax profit of ₹2,270.50 lakh. The company operates 22 branches across India and, as of May 2022, manages assets worth ₹47,955.87 crore.

List of Canara Robeco Asset Management Co. Ltd. in India

Fund Name

Rating

1Y Return

3Y Return

Fund Size (in Cr)

Canara Robeco Infrastructure Direct Plan Growth

4

34.77%

28.25%

₹871.76 Cr

Canara Robeco Value Fund Direct Growth

4

17.85%

21.52%

₹1248.91 Cr

Canara Robeco Small Cap Fund Direct Growth

4

21.48%

20.54%

₹12543.87 Cr

Canara Robeco Consumer Trends Fund Direct Plan Growth

NA

19.69%

17.83%

₹1751.32 Cr

Canara Robeco Focused Equity Fund Direct Growth

4

24.51%

16.81%

₹2554.99 Cr

Canara Robeco Emerging Equities Direct Plan Growth Option

4

26.15%

15.90%

₹24886.60 Cr

Canara Robeco ELSS Tax Saver Direct Plan Growth Option

4

17.96%

13.98%

₹8817.34 Cr

Canara Robeco Bluechip Equity Fund Direct Plan Growth

5

18.85%

13.83%

₹14799.00 Cr

Canara Robeco Flexi Cap Fund Direct Plan Growth Option

4

18.07%

13.01%

₹12804.68 Cr

Canara Robeco Equity Hybrid Fund Direct Plan Growth

4

15.61%

12.55%

₹10747.36 Cr

Canara Robeco Conservative Hybrid Fund Direct Plan Growth Option

4

11.25%

8.56%

₹951.54 Cr

Canara Robeco Gilt Fund Direct Plan Growth option

4

10.05%

6.67%

₹138.66 Cr

Canara Robeco Liquid Direct Plan Growth

NA

7.43%

6.51%

₹3196.95 Cr

Canara Robeco Dynamic Bond Fund Direct Plan Growth

4

9.39%

6.51%

₹125.23 Cr

Canara Robeco Savings Fund Direct Plan Growth Option

4

7.70%

6.44%

₹982.80 Cr

Canara Robeco Income Fund Direct Plan Growth Option

4

9.40%

6.30%

₹120.61 Cr

Canara Robeco Ultra Short Term Fund Direct Plan Growth option

4

7.39%

6.28%

₹582.59 Cr

Canara Robeco Corporate Bond Fund Direct Growth

4

8.29%

6.19%

₹133.09 Cr

Canara Robeco Short Duration Fund Direct Plan Growth

4

7.98%

6.11%

₹343.26 Cr

Canara Robeco Overnight Fund Direct Growth

NA

6.61%

6.00%

₹193.84 Cr

Key information about canara robeco mutual funds

Mutual fund name

Canara Robeco Mutual Fund

Asset Management Company Name

Canara Robeco Asset Management Co. Ltd

AMC Setup Date

19-Dec-1987

AMC Incorporation Date

02-Mar-1993

Sponsor Name

Canara Bank ORIX Corporation Europe N. V. (Formerly Known as Robeco Groep N.V.)

Trustee Organisation

Canara Robeco Mutual Fund

CIO

Mr. Rajnish Narula

MD & CEO

Mr. Rajnish Narula

Compliance Officer

Ms. Akshata Shenoy

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How can you invest in canara robeco mutual funds Mutual Funds

To invest in canara robeco mutual funds Mutual Funds through the Lemonn App, you can follow these general steps:


Step 1 : Download the Lemonn App

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Step 2 : Sign up / Log in

Sign up by providing your phone number and completing the basic registration process.

If you already have an account, simply log in.


Step 3 : Complete KYC

Before investing, ensure your KYC (Know Your Customer) verification is complete. Most mutual fund apps will guide you through this. You’ll need PAN, Aadhaar, and other necessary details.


Step 4 : Search for canara robeco mutual funds Mutual Funds

Once your KYC is done, search for the canara robeco mutual funds Mutual Fund schemes you're interested in by using the search bar.


Step 5 : Choose a Scheme

You will see a list of various funds under canara robeco mutual funds. Explore the options, check their performance, risk profile, and investment objectives.

Choose a scheme that aligns with your investment goals (e.g., equity, debt, hybrid funds).


Step 6 : Decide on the Investment Amount

You can either make a lump sum investment or set up a SIP (Systematic Investment Plan) to invest a fixed amount periodically.


Step 7 : Confirm the Investment

Enter the amount you wish to invest.

Review the details and confirm the payment method (Net Banking, UPI, etc.).

After making the payment, you will receive a confirmation of your investment.


Step 8 : Track Your Investment

You can track the performance of your canara robeco mutual funds Mutual Funds on the Lemonn App dashboard. It will show NAV, returns, and other key details.


If you need any assistance, the Lemonn App usually has customer support or chat options to help. Keep an eye on expenses like entry/exit loads and expense ratios to optimize returns!

Top Fund Managers

Ms. Suman Prasad
Ms. Suman Prasad has been with Canara Robeco Mutual Fund since 1977. She currently manages an Assets under Management (AuM) of Rs. 5,152 Crore across 30 schemes, including Canara Robeco Short Duration Fund, Canara Robeco Savings Fund, Canara Robeco Liquid Fund, and Canara Robeco Ultra Short Term Fund. She holds an MBA in Finance from the SDM Institute for Management Development.

Mr. Shridatta Bhandwaldar
Mr. Shridatta Bhandwaldar has been serving as the Fund Manager of Equities at Canara Robeco Asset Management Company Ltd. since 2016. He manages an Assets under Management (AuM) of Rs. 5,255 Crore across 12 schemes, including Canara Robeco Equity Diversified Fund, Canara Robeco Bluechip Equity Fund, Canara Robeco Infrastructure Fund, and Canara Robeco Equity Hybrid Fund. He began his career as an Equity Analyst at MF Global Securities in 2006. In 2008, he joined Motilal Oswal Financial Services Ltd. as an Equity Analyst, and a year later, he moved to Heritage Capital as a Senior Equity Analyst. In 2012, he became the Portfolio Manager at SBI Pension Fund before joining Canara Robeco. Mr. Bhandwaldar holds a degree in Mechanical Engineering from the Government College of Engineering, Aurangabad, and an MMS in Finance from the Sydenham Institute of Management.

Mr. Miyush Gandhi
Mr. Miyush Gandhi has been serving as the Fund Manager of Emerging Equities at Robeco Canara Mutual Fund since 2018. He manages an Assets under Management (AuM) of Rs. 5,700 Crore across 8 schemes, including Canara Robeco Emerging Equities Fund and Canara Robeco Conservative Hybrid Fund. Before joining Robeco Canara, Mr. Gandhi worked as the Senior Research Analyst of Equities at SBI Life Insurance Co. Ltd. starting in 2008. He became the Fund Manager at SBI Life Insurance in 2015. Mr. Gandhi holds an MBA in Capital Markets from the Narsee Monjee Institute of Management Studies (NMIMS).

Ms. Cheenu Gupta
Ms. Cheenu Gupta joined Canara Robeco Asset Management Company Ltd. as a Fund Manager of Equities in 2018. She currently manages an Assets under Management (AuM) of Rs. 2,192 Crore across 9 schemes, including Canara Robeco Consumer Trends Fund and Canara Robeco Equity Tax Saver Fund. Ms. Gupta began her career as a Software Engineer at Patni Computer Services in 2003. In 2006, she transitioned to UTI Mutual Fund as an Equity Research Analyst. She then moved to ING Investment Management India Private Ltd. in 2007 in the same role. In 2009, Ms. Gupta joined Tata AIA Life Insurance as a Senior Equity Research Analyst and was promoted to Assistant Equity Fund Manager in 2012. She was further elevated to Fund Manager of Equities and Assistant Vice President of Investments in 2014.

Mr. Abhinav Khandelwal
Mr. Abhinav Khandelwal is the Fund Manager of Offshore Investments at Canara Robeco Mutual Fund, a position he has held since 2018. He began his career as a Senior Research Analyst with Systematix Shares & Stocks India Ltd. in 2006. In 2010, he joined Aegon Life as an Assistant Fund Manager of Equities before moving to Canara Robeco.

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FAQs

1.Should I invest in a Canara Robeco Mutual fund scheme?

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Whether you should invest in Canara Robeco Mutual Funds or not depends on your goals. In addition to assessing their returns over several timelines, evaluate the schemes based on risk, volatility, returns, the fund manager’s experience, and your own return expectations and risk tolerance.

2.How to Start a Canara Robeco Mutual Fund SIP online?

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There are two ways to start a Canara Robeco Mutual Fund SIP. For a hassle-free investing experience, you can invest in Canara Robeco Mutual Fund SIP online through the Lemonn App. Alternatively, you can start investing in Canara Robeco Mutual Fund SIP online through Canara Robeco Mutual Fund AMC official website.

3.How to redeem Canara Robeco Mutual funds Online?

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There are two ways of doing this. You can initiate your redemption request by Lemonn App. Alternatively, you can also redeem your investments by visiting the Canara Robeco Mutual Fund AMC website.

4.How much time does it take to redeem the Canara Robeco Mutual funds?

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The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.

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