October 18, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Canara Robeco Flexi Cap mutual fund review: A worthy pick in its category

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

HOW THE FUND HAS PERFORMED

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WHERE THE FUND INVESTS

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BASIC FACTS

  • Date of Launch: 16 September 2003
  • Category: Equity
  • Type: Flexi Cap
  • AUM(As on 31 August 2021): Rs 5,730 crore
  • Benchmark: S&P BSE 500 Total Return Index

WHAT IT COSTS

NAV(As on 5 October 2021)

  • Growth Option: Rs 229.18
  • IDCW: Rs 51.5
  • Minimum Investment: Rs 5,000
  • Minimum SIP amount: Rs 1,000
  • Expense Ratio(As on 31 August 2021) (%): 1.98

FUND MANAGER

Shridatta Bhandwaldar

Tenure: 5 Years, 2 Months

Top 5 sectors in portfolio (%)

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Top 5 stocks in portfolio (%)

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Recent portfolio changes

  • Increasing allocation: Cholamandalam Inv, ABB India, Honeywell Automation, Avenue Supermarts, Inds, Bajaj Finance, HDFC, Shree Cement, Cipla, Britannia Inds, SBI, HDFC Life, Bata India, HDFC Bank, Hindalco Inds, Sun Pharma, ICICI Bank, Ipca Labs, TCI Express, TCS, Tata Steel, Max Financial Serv, Bharat Forge, L&T, Voltas, Max Healthcare, , HCL Tech, HUL

How risky is it?

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Source: Value Research

Should you buy?

Earlier known as Canara Robeco Equity Diversified, this fund now operates within the new flexi cap category to retain its earlier market cap positioning flexibility. It continues with a large-cap tilt while retaining sizeable presence in mid-caps. Bulk of its portfolio is parked in steady compounding businesses with high earnings visiblity and competitive advantages. A small portion is deployed in alpha generators in the form of turnaround bets, new listings or any emerging theme. The fund has been performing consistently over the past 4-5 years, beatings its index comfortably. With a superior downside protection ability, this fund makes for a worthy pick in its category.

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