Canara Robeco Mutual Fund | If you invest a portion of your income regularly, no one can stop you from becoming a millionaire. You will need to make this investment through an SIP in a mutual fund scheme. There are several equity schemes from asset management companies (AMCs) that have made investors millionaires. One such scheme is from Canara Robeco Mutual Fund.
Canara Robeco Emerging Equities Fund
The name of this scheme is Canara Robeco Emerging Equities Fund. The scheme has transformed a monthly SIP of just ₹10,000 into ₹1.9 crore over 20 years. Moreover, if an investor had invested ₹10,000 in this scheme for 10 years, their money would have grown to ₹28.47 lakh today. This falls under the category of large and mid-cap equity funds. The fund was launched on 11 March 2005.
19.97 percent return in 5 years
This fund invests 35-65% of its money in large-cap and mid-cap shares. Meanwhile, 0-30% of the amount is invested in debt and money market instruments. Over the past 5 years, the regular plan of this fund has returned 18.62%, while the direct plan has returned 19.97%. In the last year, the regular plan returned 17.79% and the direct plan returned 19.01%.
Portfolio of the Fund
Canara Robeco Emerging Equities has delivered better returns than its benchmark Nifty Large Midcap 250 TRI. The fund’s portfolio is highly diversified, with greater investments in large shares such as ICICI Bank, Indian Hotels, and Bharat Electronics. Currently, the fund’s portfolio consists of 47% in large-cap shares, 35% in mid-caps, and 16% in small-caps.
Should you invest?
This fund is good for investors who can take more risks and wish to invest for the long term. Long term means at least 3-5 years. A minimum lump sum investment of 5,000 rupees can be made. Investment through SIP can start from 1,000 rupees per month.
