Canara Robeco Equity Diversified fund is one of the best performing funds in its category. This fund is managed by Ravi Gopalakrishnan. The fund looks out for quality management while choosing stocks. It has had an impressive performance in the recent years. This is a good fund to hold for long term capital appreciation.
Canara Robeco Equity Diversified Fund has moved on from being a mid cap fund to large cap oriented fund, over the years. It is now a large cap fund which means most of your money will be invested in giant and large size companies. Large-cap companies render stability and liquidity to the portfolio & select mid-cap companies yield higher returns in the long term as the companies grow in size and in market capitalization. This fund invests about 80.04% in large cap stocks, 14.29% in medium size stocks and 5.09% in small cap stocks.
- Child's education
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- Home Purchase
- Creating wealth
- Short term needs
- Lifestyle needs
Minimum one time investment is Rs 5000 and minimum SIP is Rs 1000 per month. Make Canara Robeco Equity Diversified Fund as part of your core portfolio. Do not do the mistake of investing in too many mutual fund schemes. At any point of time do not have more than two mutual fund schemes in your core portfolio. Core portfolio is investments that are made for your basic goals. Canara Robeco Equity Diversified Fund can be part of the core portfolio.
If you had invested Rs 1 lakh when the fund was launched in Sep 2003, your value of investments would be around Rs 6.23 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.55 lakhs. The performance has been better than other large cap mutual funds. The fund has been giving at around 9.29% every year for those who stayed invested for last 5 years.
Assume you had invested Rs 10,000 every month in Canara Robeco Equity Diversified Fund through SIP for the past 5 years today you would have around Rs 8.58 lakhs.
Needless to say no one can predict the future of markets. We have firm belief in the future prospects of the Indian economy. If the Indian economy grows at 9% then the leading companies tend to do well. When the companies do well their stock prices follows their performance. So if you expect the economy to grow at 8% then you can expect top performing mutual funds to give you returns in excess of 14%.
Mutual fund schemes that have exposure to mid size companies tend to show results when their bet on few companies comes true. We advise you to avoid too much of star gazing and future prediction. Be reminded that equities are one of the asset classes that have the potential to beat inflation. Your aim for core portfolio should be to beat inflation.
Once you invest in the fund do not get into the habit of checking the NAV daily or monthly. Review the performance once a year. Too much attention is not good.
onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.
If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of Canara Robeco Equity Diversified fund is 2.62%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.
Now! There is no good time to invest rather than now. Do not try to time the market and especially so if it is an SIP. Do not follow news channel and other experts to know the right time to invest. In the long run it does not matter. Mutual fund is unlike a stock where you are looking at the right price. This job will be done by the mutual fund scheme manager. If you have planned your investments and decided on the amount you want to invest do not think further, just go ahead.
Withdraw when your goals are closer to achievement. Do not remove the money during when the markets go up or down. Do not panic. Stick to your goals.
The returns in a mutual fund are absolutely tax free, provided you did not withdraw within 1 year. Canara Robeco Equity Diversified Fund does not qualify for sec 80C ELSS benefits.