Canara Robeco Banking and PSU Debt Fund- Regular Plan- IDCW (Payout/ Reinvestment)

Canara Robeco Banking and PSU Debt Fund- Regular Plan- IDCW (Payout/ Reinvestment) is a scheme launched by Canara Mutual Fund on August 22, 2022, and falls under the Banking and PSU fund category. It currently manages an AUM of Rs 226.13 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 0.71% for managing the portfolio.

• Investing Strategy:

  To generate income and/or capital appreciation through a portfolio of high quality debt and money market instruments issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds.

• Performance:

  Canara Robeco Banking and PSU Debt Fund- Regular Plan- IDCW (Payout/ Reinvestment) trailing returns over different times are 1.79% (1 year), 2.35% (3 year) and 0% (5 year). The average annual return of this fund stands at 2.42%.