Canara Robeco Emerging Equities Fund: An In-Line Performer In Large & Mid-Cap Space

Canara Robeco Emerging Equities Fund: An In-Line Performer In Large & Mid-Cap Space

Canara Robeco Emerging Equities Fund Performance

Canara Robeco is the second oldest asset management company and mutual fund in India. The fund house has launched the Canara Robeco Emerging Equities Fund in the large and mid-cap category. The fund has consistently outperformed its benchmark and peers. As of the data, the fund has managed to stay in the top quartile in six years out of the last 10 years. The scheme has delivered 13% returns in the last five years and 18% returns in the last 10 years. Moreover, in the last 1 and 3 years, it has delivered 6.33% and 7.79% returns respectively.

It has a lower potential for managing the difficulty. According to the report the fund has 100 percent of downside ration. In the last 3-years, it has dropped more than to its index in the down markets. The fund house accuses the listless mid and small-cap stocks for it. In the last 3 years, the fund has outperformed its index and remained in the 1st quartile.

As of the report, there was a change in the fund managers’ team of the Canara Robeco Emerging Equities Fund but there is no change in underlying investment philosophy and process, said by officials of the scheme. Canara Robeco’s fund has managed by Krishna Sanghavi, but he has left the organization and then Shridatta Bhandawaldar occupied Sanghavi’s place from October 1st.

Canara Robeco’s fund was Krishna’s second term as a fund manager. He was joined the Canara Robeco AMC in August 2018.  In his period, the fund has delivered returns of 6.46 percent which is against its index returns of 9.66%, said a source.

According to the reports, Canara Robeco mutual fund had launched its schemes in March 2005. There were many changes in fund management since the launch of the scheme. The  AMC has changed up to 14 fund managers. But, the move made that the superior performance of the scheme should not be linked to the fund managers.

As of the data, the scheme invests in the banking sector and pharma companies. It invests 26 percent of a portfolio in banking sectors and  8 percent in Pharma companies.

The scheme seems not to offer any obstacle for the investors who understand the risk profile of mid-cap stocks. Because a minimum of 35 percent of investment in mid-cap stocks is a mandate for large & mid-cap schemes. The scheme contains 40 percent of the portfolio in midcap and 52% in large-cap stocks. 

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  • […] Canara Robeco Mutual Funds NFO is suitable for Regular income over the short term that may be in line with the overnight call rates. The NFO offers a low-risk investment to the investors. Suma Prasad will manage the scheme while the CRISIL Overnight fund index will be the benchmark to the NFO. […]

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