Canara Robeco Mid Cap Fund - NFO Review

 

Canara Robeco has filed a draft for mid-cap NFO in SEBI on 23/09/2021 and possibly NFO opens in next few days. This scheme is an open-ended equity scheme, predominantly investing in mid-cap stocks.

For whom this Fund is suitable?

This product is suitable for investors who are seeking:

• Long term capital appreciation
• Investments predominantly in equity and equity related instruments of madcap companies.

What is the investment objective?

The investment objective of the scheme is to generate capital appreciation by investment predominantly in equity and equity related instruments of mid-cap companies. 

However, there can be no assurance that the investment objective of the scheme will be realized.

What are the plans/Options?

• Regular Plan
• Direct Plan

both have (a) Growth & (b) IDCW options.

What is the minimum investment criteria?

1. Lump sum Investment: Rs.5000.00 and in multiples of Rs.1.00 thereafter.
2. SIP / STP / SWP: Rs. 1000.00 and in multiples of Rs.1.00 thereafter. And for quarterly frequency: Rs.2000.00 and multiples of Rs.1.00 thereafter.

Benchmark: Nifty Mid-cap 150 TRI

How will the scheme allocate its assets?

Under regular situation, the asset allocation of the scheme will be as follows.

1. Equity & Equity related instruments of mid-cap industries- 65% to 100%, risk profile is High.
2. Equity & Equity related instruments of companies other than mid-cap companies- 0% to 35%, risk profile is high.
3. Debt & Money market instruments- 0% to 35%, risk profile is Medium to Low.
4. Units issued by REITs & InvTs- 0% to 10%, risk profile is Medium to High.
5. Investment in Derivatives can be up to 40% of the Net Assets of the Scheme.
6. The Scheme may invest  in foreign securities up to 10% of the net assets of the scheme.
7. The stock lending done by the scheme up to 25% of the net assets of the scheme as on the date of such lending.
8. Investment done by the scheme in ADR's / GDRs shall not exceed 10% of the net assets of the scheme as on the date of such investments.

 Where will the scheme invest?

1. Equity & Equity related instrument
2. Debt Investments
3. Foreign Securities
4. Security Debt
5. Money Market Investments
6. Pass through Certificate
7. Derivatives
8. REIT's / InvIT's.

Can scheme invest in other schemes?

1. The scheme may invest in another scheme under the same asset management company or in other mutual fund without charging any fees up to 5% of NAV of the mutual fund.
2. The scheme shall not make any investment in any fund of fund scheme.

Who manages the scheme?

Mr. Shridatta Bhandwaldar, [B.E.(Mechanical), M.M.S (Finance)], manages the fund. He has 15 years of experience and also manages 9 other funds.

Risk-O-Meter

Name of Mutual Fund: Canara Robeco Mutual Fund.
Name of Asset Management Company: Canara Robeco Asset Management  Company Ltd.
Name of the Trust: Canara Robeco Mutual Fund.
Address: Canara Robeco Asset Management Company Ltd. Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Mumbai — 400001.

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BEST PERFORMING MUTUAL FUNDS IN SEPTEMBER 2021

September 2021, includes in one of the historical months in Indian Stock market. In this month Indian Share Bazaar cross 60000 points first time. So very first Congratulations India.

Here, I am providing information of best performing mutual funds in September 2021.

Large Cap funds

1. ITI Large Cap Fund- Direct Plan Growth- 5.64%
2. HDFC Top 100 Fund- Direct Plan Growth- 4.91%
3. Nippon India Large Cap Fund- Direct Growth- 4.15%
4. IDBI India Top 100 Equity Fund- Direct Growth-3.68%
5. SBI Blue Chip  Fund- Direct Plan- Growth- 3.42%

Large-Mid Cap Funds

1. ICICI Prudential Large & Mid-Cap Fund- Direct Plan- Growth- 8.15%
2. HDFC Large & Mid-Cap Fund- Direct Plan- Growth- 5.21%
3. Mahindra Manulife Top 250 Nivesh Yojana- Direct Plan- Growth-5.20%
4. Baroda Large & Mid-Cap Fund- Direct Plan- Growth- 4.66%
5. Navi Large & Mid-Cap Fund- Direct Plan -Growth- 4.01%

Mid-Cap Funds

1. Motilal Oswal Mid-Cap 30 Fund- Direct Plan- Growth- 6.39%
2. Baroda Mid-Cap Fund- Plan B (Direct)- Growth- 6.31%
3. Baroda Mid-Cap Fund- Plan A (Direct)- Growth- 6.21%
4. Nippon India Growth Fund- Direct Plan- Growth- 4.84%
5. Invesco India Mid-Cap Fund- Direct Plan- Growth- 4.49%

Small-Cap Funds

1. Sundaram Select Micro Cap- Series XV- Direct Plan Growth- 7.36%
2. Sundaram Select Micro Cap- Series XVI- Direct Plan Growth- 7.26%
3. Sundaram Select Micro Cap- Series XIV- Direct Plan Growth- 7.13%
4. Sundaram Select Micro Cap- Series XVII- Direct Plan Growth- 6.97%
5. Quant Small Cap- Direct Plan- Growth- 6.75%

Multi Cap Funds

1. Baroda Multi Cap Fund- Plan B (Direct)- Growth- 5.68%
2. Baroda Multi Cap Fund- Plan A- Growth- 5.60%
3. Nippon India Multi Cap Fund Direct Pland- Growth- 5.51%
4. Kotak India Growth Fund- Series IV- Direct Plan Growth- 5.30%
5. Nippon India, India Opportunity Fund- Series A- Growth- 4.84%

Flexi Cap Funds

1. HDFC Flexi Cap Fund- Direct Plan- Growth- 6.30%
2. Franklin India Flexi cap Fund- Direct- Growth- 4.75%
3. JM Flexi Cap Fund- Direct- Growth- 3.72%
4. IDBI Flexi Cap Fund- Direct- Growth- 3.51%
5. Parag Parikh Flexi Cap Fund- Direct Plan- Growth- 3.38%

Sectoral Funds

1. ICICI Prudential India Opportunities Fund- Direct Plan- Growth- 9.34%
2. Aditya Birla Sun Life PSU Equity Fund- Direct Plan- Growth- 7.90%
3. ICICI Prudential Infrastructure Fund- Direct Plan- Growth- 7.44%
4. Quant Infrastructure Fund- Direct Plan- Growth- 7.26%
5. ICICI Prudential Bharat Consumption Fund- Direct Plan- Growth- 6.47%

These are the list of best performing mutual funds. All the data are collected from moneycontrol.com.

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Overview of SBI Retirement Benefit Fund, 

Why should we invest in LIC Balanced Advantage Fund?

 

LIC Balanced Advantage Fund is an open-ended dynamic asset allocation fund and suitable for those investors who are seeking for,

• Capital appreciation over a long period of time.
• Investments in a dynamically managed portfolio of equity and equity related instruments, debt, and money market instruments.

Investment Objectives

The investment objectives of the LIC Balanced Advantage Fund is to provide a capital appreciation from a dynamic mix of equity, debt, and money market instruments. The scheme seeks to reduce the volatility by diversifying  the assets across equity, debt, and money market instruments.

Benchmark

Hybrid Composite 50:50 Index

Risk Factors

• Scheme Specific Risk Factors
• Risk associated with investments in Equities.
• Investments in Derivatives.
• Writing covered call options for equity shares.
• Investment in fixed income securities.
• Securitized Debt.
• Transaction in units through stock exchange.
• Repo transactions in corporate debt.
• Stock lending.
• Segregated portfolio.
• Investing in structured obligation & credit enhancement related securities.
• Investment having special features 
• Risk factors associated with REITs and InvlTs.
• Investing in Triparty Repo / Government Securities.
• Swap/ Forward rate agreement (FRA)/ Interest rate features (IRF).

• Risk Control Strategies

• Liquidity risk:- The liquidity of the LIC ABF scheme's investments may be inherently restricted by trading volumes, transfer procedures and settlement periods.

• Interest Rate Risk:- changes in rates affect the prices of bonds. If interest rates rise, the prices of bonds fall and vice versa. As well-diversified portfolio may help to mitigate this risk.

• Volatility Risk:- There is the risk of volatility in markets due to external factors like liquidity flows, changes in the business environment, economic policy etc. The scheme will manage volatility risk through diversification.




How will the scheme allocate its assets?

Equity and equity related investment:- 0 to 100. Risk profile high.

Debt and money market instruments:- 0 to 100. Low to medium.

Unit issued by REITs & InvITs:- 0 to 10. Medium to high.

Derivative positions for other than hedging purposes shall not exceed 50% of total assets.

The scheme may invest in debt derivatives to the extent 20% of the net  assets of the scheme.

Where will the scheme invest?

1. Equity and Equity related securities.

2. Fixed Income Securities of the Government of India, state and local government agencies, statutory bodies, public sector undertakings, supranational financial institutions, corporate entities, and trust.

3. Debt and Money market.

4. The scheme may use techniques such as interest rate swaps, options on interest rates, warrants, forward rate agreement and other derivative instruments that are/ may be permitted under SEBI/RBI Regulation.

These are the major areas where LIC Balanced Advantage Fund scheme can invest.

Fund Managers

1. Mr. Yogesh Patil. (MBA Finance) is manage equity portfolio of the scheme.

2. Mr. Rahul Singh. (PGDM (MBA)- IIM) manage debt Portfolio.

Investment Restrictions

1. The Scheme shall not invest more than 10% of its NAV in debt instruments.



2. Investment in unrated debt and money market instruments by the scheme shall not exceed 5% of the net assets of the scheme.



3. Total exposure of debt scheme of mutual funds in a particular sector  shall not exceed 20% of the net assets of the scheme.



4. Total exposure of debt schemes of mutual funds in the group shall not exceed 20% of the net assets of the scheme.



5. The investments by debt mutual fund scheme in debt and money market instruments of group companies of both the sponsor and the asset management company shall not exceed 10% of the net assets f the scheme.



6. The mutual fund under all its schemes taken together will not own more than 10% of any companies paid up capital carrying voting rights.
Theses are the major restrictions.

NFO opens on 20/10/2021 and closes on 03/11/2021.

Minimum subscription:- 5000/- Rs. for Lump sum  Investment and 500/- for SIP.

Exit Load: 1% before completion of 12 months, After that NIL.

Risk Factor:-  As per SID submitted by AUM in Sebi is Very High.

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TATA LARGE CAP FUND

Tata Large Cap Fund is invested in large cap companies which can provide a stability in earnings.Large Cap stocks generally are less volatile and provide stability to the portfolio of investors. 

Fund Overview

Tata Large Cap Fund is a mutual fund that invests in fundamentally sound and undervalued large cap companies. The fund selects stocks using a combination of top-down and bottom-up strategies, with a preference for bottom-up strategies.

Who Should Invest?

The fund is suitable for investors who are seeking for long-term capital appreciation and investment predominantly in equity & equity related securities of large cap companies.

Risk Profile : Very High

Fund Manager: Amey Sathe  & Venkat Samala

Minimum Investment Amount

Purchase 5000
Additional Purchase 1000 & and multiples of Re.1/- thereafter.
Redemption Amt./ Unit- 500/- or 50 units.

Plans & Options

Direct Plan 

1) Growth, 2) IDCW

Regular Plan

1) Growth, 2) IDCW

Systematic Plans (SIP)

Purchase : 500 & and multiples of Re.1/- Thereafter.
Redemption Amt./ Re. 500/-

Load Structure

Entry Load: Nil
Exit Load: On or before expiry of 365 days from the date of allotment: If the withdrawal amount or switched out amount is more than 12% of the original cost of investment:1%

Top 10 Stocks in Portfolio.

1. ICICI Bank Ltd.
2. HDFC Bank Ltd.
3. Infosys Ltd.
4. Reliance Industries Ltd.
5. State Bank of India. 
6. Axis Bank Ltd.
7. Bharti Airtel Ltd.
8. Tata Consultancy Services Ltd.
9. Larson & Turbo Ltd.
10. Tata Steel Ltd.

Asset Distribution

                            Equity Holding 98.08%                        Others 1.92%

Fund Size: 1046.72 Cr.                Expense Ratio: 1.68%

References: moneycontrol.com,        Tata Mutualfund.com

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HDFC Developed World Indexes Fund of Fund - Review

 

HDFC Developed world index fund is a fund of fund that aims to generate returns through investments in a combination of ETFs and Index Funds. The scheme will endeavour to track the performance of the MSCI World Index.

This Fund is suitable for investors who are seeking

• Returns that closely correspond to the performance of the MSCI World Index, subject to tracking error over long term.
• Investment in Units/Shares of overseas equity Index Funds and/or ETFs.

Benchmark: MSCI World Index (Net Total Returns Index)

Categories: Fund of Funds.

Suggested Investment Period: 3 Years and Above.

Investment Objectives:

The Scheme's investment target is to provide long-term capital appreciation by passively investing in units/shares of overseas Index Funds and/or ETFs which closely correspond to the MSCI World Index in aggregate, subject to tracking errors.

Fund Manager:

Mr. Krishan Kumar Daga is a part of HDFC AMC since September 17, 2021. He has collectively over 28 years of experience, out of which 11 years in Fund Management and 12 years in Equity Research.

Risk Return Profile is Very High for HDFC Developed world indexes fund of fund.

Where this Scheme invests?

The scheme will invest in five global funds that track Europe, Japan, Pacific (ex-Japan), Canada and the US.

NFO opens on 17/09/2021 and closed on 01/10/2021

Entry & Exit Load:

Entry Load: Not Applicable

Exit Load: 1% is applicable if Units are redeemed/switched-out after 30 days from the date of allotment. 

Lock-In-Period: Nil

Investment options:

• Regular Plan and Direct Plan (each plan offers Growth option only)

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Tata Digital India Fund Review

Tata Digital India Fund is a Sectoral Fund Scheme which can invest in an open-ended equity scheme investing in Information Technology Sector.

Fund Overview:

The scheme's investment objective is to seek long-term capital appreciation by investing at least 80% of its net assets in equity/equity-related instruments of companies in India's Information Technology industry.

   Viz:

• Software
• ITeS
• Hardware

Why should we invest in Tata Digital India Fund?

It is a Sectoral fund/Thematic fund. Fund has 94.34% investment in Indian stocks of which 52.78% is in large cap stocks, 19.06% in mid cap stocks and 14.27% in small cap stocks. 

India has on mission of Digital India so that IT sectors are  performing really well in recent years. According to one article published in Business standard, The Indian IT industry is expected to touch $300-350 billion in terms of revenue over the next five years. So, it is perfect time to invest in Digital funds.

Who is the fund Manager?

With over 14 years of experience, Meeta Shetty is the fund manager for Tata Digital India Fund and Tata India Pharma & Healthcare Fund since November 2018. Meeta is a CFA Chartered Holder from CFA Institute, US, and a Bachelor in Economics.

Fund Performance History:

Regular Growth Plan

• One Time Investment (NAV as on 17th September 2021).

Period Invested for	₹ 10000 Invested on	Latest Value	Absolute Returns	Annualized Returns
1 Years	17/09/2020	19724.30	97.24%	97.24%
2 Years	17/09/2019	24631.00	146.31%	56.58%
3 Years	17/09/2018	23769.70	137.70%	33.42%
5 Years	16/09/2016	39666.50	296.67%	31.69%
Since Incorporate	26/12/2015	37449.90	274.50%	25.94%

Last six months' return is 44%. (all are the figure source is moneycontrol.com)

• SIP Returns (NAV as on 17th September 2021).

Period Invested for	₹1000, SIP Started on	Investments	Latest Value	Absolute Returns	Annualized Returns
1 Year	17/09/2020	12000	18246.65	52.06%	108.23%
2 Year	17/09/2019	24000	49207.02	105.03%	87.12%
3 Year	17/09/2018	36000	79474.31	120.76%	58.74%
5 Year	16/09/2016	60000	165014.87	175.02%	41.77%

     Direct Growth Plan

• One Time Investment (NAV as on 17th September 2021).

Period Invested for	₹ 10000 Invested on	Latest Value	Absolute Returns	Annualized Returns
1 Years	17/09/2020	20037.40	100.37%	59.96%
2 Years	17/09/2019	25444.40	154.44%	59.41%
3 Years	17/09/2018	24987.50	149.88%	35.66%
5 Years	16/09/2016	43181.20	331.81%	33.94%
Since Incorporate	26/12/2015	41258.80	312.59%	28.08%

• SIP Returns (NAV as on 17th September 2021).

Period Invested for	₹1000, SIP Started on	Investments	Latest Value	Absolute Returns	Annualized Returns
1 Year	17/09/2020	12000	18419.79	53.5%	111.53%
2 Year	17/09/2019	24000	50163.48	109.01%	903%
3 Year	17/09/2018	36000	81738.81	127.05%	61.12%
5 Year	16/09/2016	60000	173430.37	189.05%	43.95%

Fund size:  ₹ 2767.97 Cr., expense ratio: 0.5%, Risk-O-Meter: Very High, Fund House: Tata Mutual Fund.

Top 10 Holdings.

Infosys Ltd.	Tata Consultancy Services Ltd.
HCL Technologies Ltd.	Tech Mahindra Ltd.
Mphasis Ltd.	Indian Railway Catering and Tourism Corporation Ltd.
Presistent System Ltd.	L&T Technology Services Ltd.
Larson & Toubro Infotech Ltd.	Cyient Ltd.

Note: All details are collected form moneycontrol.com.

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