Canara Robeco Mutual Fund is the second oldest mutual fund in India, established in December 1987 as Canbank Mutual Fund. In 2007, Canara Bank entered a joint venture with Robeco Group, and the AMC was renamed Canara Robeco Mutual Fund. Canara Bank is one of the largest state-owned banks in India, in existence for 113 years, with 89+ million customers & 10,855+ branches. Robeco Group ((now a part of ORIX Corporation, Japan) founded in 1929 in Rotterdam, is a global asset manager present in 15 countries. Canara Robeco AMC offers diversified and thematic equity schemes, hybrid and monthly income funds, and a range of debt and treasury products. Canara Robeco Mutual Fund offers 25 primary schemes. The AMC manages an Average AUM of Rs. 94,673.72 Cr as of June 2024.
List of All Canara Robeco Mutual Fund
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Details of Canara Robeco Mutual Fund
Founding Date
March 2, 1993
Address
Construction House,4th Floor,5 Walchand Hirachand Marg,Ballard Estate, Mumbai 400 001
Email
crmf@canararobeco.com
Telephone
022 66585000
Documents Required to Invest
To invest in Canara Robeco Mutual Fund schemes, there is no physical documentation required. You need to upload the following KYC documents online:
Proof of Identity (PAN, Aadhaar)
Proof of Address (Aadhaar)
How to Invest in Canara Robeco Mutual Fund
Step 1: Download the Rupeezy App if you do not have an account.
Step 2: If you are a first-time user, you need to submit your KYC documents like PAN, Aadhaar, add personal details, and complete the account verification.
Step 3: Select Canara Robeco Mutual Fund and review the scheme list in each category.
Step 4: Assess the funds' performance and risk parameters.
Step 5: Select the appropriate category as per your financial goal and risk appetite.
Step 6: Compare the selected fund with other funds in its category using Smart Explore on a visual graph.
Step 7: Check fund portfolio overlap among all funds in your portfolio. Check the fund impact on your overall portfolio with the Impact Analysis feature.
Step 8: Select the fund, add lumpsum, or SIP, and set up payment with UPI or net banking.
Canara Robeco Mutual Fund FAQs
Ans: Yes, Canara Robeco Mutual Fund mutual fund schemes are considered safe investments. In India, all Asset Management Companies (AMC), including Canara Robeco Mutual Fund, are regulated by SEBI (Securities and Exchange Board of India) and AMFI (Association of Mutual Funds in India). The mutual fund industry operates under strict regulations to safeguard investors' interests. However, it's crucial for investors to conduct thorough research to ensure that the specific fund schemes align with their financial goals and risk tolerance.
Ans: Canara Robeco Mutual Fund Mutual Fund schemes are not tax free. Mutual fund capital gains are subject to capital gains tax. In the case of equity mutual funds, mutual fund units sold within a year of purchase will attract a 20% tax on profits. Gains from mutual funds held for more than a year are taxed at 12.5%. For debt funds, the debt fund units sold within three years will be taxed as per the income tax slab. For debt funds held for over three years, the tax rate is 12.5% without indexation benefits.
Here are some of the best-performing funds from Canara Robeco Mutual Fund AMC based on past 5-year returns:
Fund Name
5-Year Return (%)
Canara Robeco Overnight Fund
4.86%
Canara Robeco Ultra Short Term Fund
4.81%
Canara Robeco Liquid Fund
5.20%
Canara Robeco Savings Fund
5.56%
Canara Robeco Short Duration Fund
5.62%
Ans: Yes, Canara Robeco Mutual Fund AMC is good for long-term capital appreciation. The equity schemes under the AMC have performed well over the long term and delivered returns above the category average. Visit the Rupeezy Invest App to check Canara Robeco Mutual Fund AMC fund performance.
Ans: You can log in to your Rupeezy app and view your portfolio which will show you the current value as per the prevailing NAV on the last closing business day.
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