Canara Robeco Savings Fund celebrates its 21st Birthday
* An open-ended low duration debt scheme investing in debt & money market instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months.
Mumbai, March 23, 2026: Canara Robeco Mutual Fund, India's second oldest asset manager celebrated 21 years of long-term wealth creation journey of Canara Robeco Savings Fund on March 4, 2026. The Scheme’s investment objective is to generate income/capital appreciation by investing in a portfolio comprising of low duration debt instruments and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized. The benchmark of the Scheme is CRISIL Low Duration Debt A-I Index.
The Assets Under Management (AUM) of the Canara Robeco Savings Fund (the Scheme) was Rs. 1,350.33 Crores as of 28th February 2026. The last 1-year, 3 years and 5 years Compounded Annual Growth Rate (CAGR) of Regular Plan - Option of the said Scheme were 6.98%, 7.16% and 5.85% respectively as compared to 6.89%, 7.34% and 6.22% of the Benchmark (CRISIL Low Duration Debt A-I Index) and 5.70%, 6.85% and 5.67% of the additional benchmark (CRISIL 1 Year T-Bill Index), respectively considering the returns as on 27th February 2026. Since inception (March 04, 2005), the Scheme (Regular Plan - Growth Option) has delivered a CAGR of 7.29% to investors as against 7.21% of the benchmark and 6.10% of the additional benchmark respectively.
Further, Rs. 10,000 invested in the Scheme (Regular Plan - Growth Option) at inception would have grown to Rs. 43,819 as on 27th February 2026 as against Rs. 43,183 in the benchmark and Rs. 34,698 of the additional benchmark respectively. Whereas Rs. 10,000 invested every month in the Regular Plan - Growth Option of Scheme (SIP Investment) since inception, which would be a total investment of Rs. 25,20,000 as on 27 February 2026, would have grown to Rs 56,46,007 delivering a XIRR of 7.09%. The detailed performance related disclosures have been given in Annexure I.
The Scheme is managed by Mr. Kunal Jain (Fund Manager) and Mr. Avnish Jain (Chief Investment Officer - Fixed Income).
The Scheme can allocate 0% to 100% of the total assets towards debt and money market instruments. The scheme may also invest in Invits which ranges from 0% to 10% of the total assets. For detailed asset allocation pattern, please refer the Scheme Information Document of the Scheme.
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