About Canara Robeco Asset Management Co.Ltd
Canara Robeco Asset Management Company Ltd. (CRAMC), incorporated in 1993, is one of the oldest and most trusted asset management firms in India. It serves as the investment manager for Canara Robeco Mutual Fund, offering a wide range of investment products including equity, debt, and hybrid schemes.
Headquartered in Mumbai, Maharashtra, the company operates as a joint venture between Canara Bank and Orix Corporation Europe N.V. (formerly Robeco Group N.V.). As of December 31, 2024, the company managed 25 schemes, comprising 14 equity-oriented (12 equity and 2 hybrid) and 11 debt-oriented (10 debt and 1 hybrid) schemes.
CRAMC has a strong nationwide presence, serving investors across 23 cities, 14 states, and 2 union territories through a network of 23 branches. Its extensive distribution network includes 49,412 partners, consisting of Canara Bank, 44 other banks, 259 national distributors, and over 49,000 mutual fund distributors (MFDs), ensuring deep market reach and accessibility.
In financial performance, the company has shown consistent growth. For the nine months ending December 31, 2024, CRAMC reported total income of Rs. 303.05 crore and profit after tax of Rs. 148.98 crore, reflecting strong profitability and operational efficiency.
Why To Invest in Canara Robeco Asset Management Co.Ltd
Strong Brand Heritage: Backed by Canara Bank and Orix Corporation Europe N.V., Canara Robeco benefits from robust financial support and industry expertise.
Consistent Financial Growth: The company’s profit after tax increased from Rs. 60.16 crore in FY22 to Rs. 148.98 crore as of December 2024, showcasing steady financial performance.
Diversified Product Portfolio: With offerings across equity, debt, and hybrid schemes, CRAMC caters to varied investor needs and risk appetites.
Extensive Distribution Network: The wide base of distribution partners across India enhances market penetration and investor accessibility.
Expanding Mutual Fund Industry: India’s mutual fund industry continues to grow rapidly, and Canara Robeco is strategically positioned to benefit from this trend.
Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
---|---|---|---|---|
Assets | 616.90 | 516.81 | 377.97 | 315.68 |
Total Income | 303.05 | 318.78 | 204.80 | 164.42 |
Profit After Tax | 148.98 | 151.00 | 79.00 | 60.16 |
Net Worth | 558.35 | 454.49 | 328.55 | 272.19 |
Reserves and Surplus | 358.93 | 404.64 | 278.70 | 222.34 |
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