Canara Robeco Mutual Fund
Overview:
Canara Robeco is India's second oldest asset management company, established in 1987 as Canbank Mutual Fund. In 2007, it became a joint venture with the Robeco group, rebranding as Canara Robeco Mutual Fund. This collaboration merges Canara Bank's extensive local market expertise with Robeco's global asset management proficiency, establishing a strong presence in the Indian investment landscape.
Key Highlights:
- Historical Significance: Canara Robeco, originally Canbank Mutual Fund, has been a significant player in the Indian mutual fund industry since its inception in December 1987. This long-standing history underlines its reliability and expertise in managing investments.
- Partnership with Robeco: The partnership with Robeco Group in 2007 marked a pivotal moment for Canara Robeco, enabling the firm to leverage Robeco's sustainable investment strategies and global reach. Robeco Group, founded in 1929 and now part of Orix Corporation, Japan, is recognized as a leader in active investment management and sustainable investing.
- Canara Bank's Role: Canara Bank, one of India's largest state-owned banks with over 113 years of banking experience, provides a robust foundation for the mutual fund. With more than 89 million customers and over 10,855 branches, Canara Bank's extensive network enhances Canara Robeco's reach and credibility.
- Investment Offerings: Canara Robeco offers a diverse range of investment products, including:
- Equity Schemes: Both thematic and diversified options
- Hybrid Funds: Blending equity and debt for balanced growth
- Debt and Treasury Products: Catering to risk-averse investors looking for stability and income
- Assets Under Management (AuM): As of May 2022, Canara Robeco manages approximately INR 47,955.87 crores in assets. The company has experienced rapid growth, positioning itself among the fastest-growing mutual funds in India.
- Branch Network: The AMC operates 22 branches across India, ensuring accessibility and personalized service for investors.
About the Parent Companies:
- Canbank Mutual Fund: Established in 1987 as the asset management wing of Canara Bank, it is recognized as the second oldest mutual fund in India. The transition to Canara Robeco allowed it to expand its offerings and enhance its operational capabilities.
- Robeco Groep N.V.: Founded in 1929, Robeco Groep N.V. is a multinational asset management firm originally part of Rabobank. Following several acquisitions, including a significant buyout by Orix Corporation in 2013, Robeco has developed a strong global presence with 15 offices worldwide and over 900 employees.
As of March 2024, it manages approximately INR 87,069.50 crores in assets.
Conclusion:
Canara Robeco Mutual Fund stands out in the Indian investment landscape, leveraging its rich heritage, strategic partnerships, and a comprehensive array of investment options. With a commitment to innovative, sustainable investment practices and a robust support system from Canara Bank and Robeco, Canara Robeco is well-positioned to help investors achieve their financial goals while fostering long-term wealth creation.
Step by Step Guide to invest in
Canara Robeco Mutual Fund
How to Invest in Canara Robeco Mutual Funds online with Miles Wealth?
Investing in Canara Robeco Mutual Funds through Miles Wealth is a simple, quick, and secure process, designed to give you full control over your investment decisions. Whether you prefer to explore curated fund recommendations tailored to your risk profile and financial goals, or select funds from a wide range of options, the process is straightforward.
Here's a step-by-step guide to get started:
Step 1: Download the Miles Wealth App
Start by downloading the Miles Wealth app. If you're an existing user, simply log in. New users can complete a quick and seamless registration process to create their account.
Step 2: Complete Your KYC
KYC (Know Your Customer) is a one-time, mandatory requirement to start investing. It is a fast, easy and online process that typically takes around 5 minutes. Keep your PAN card, Aadhaar card, bank account details, and Digilocker credentials handy to ensure smooth completion.
Step 3: Set Up Nominee Information
Add nominee details and allocate percentages. If you are assigning just one nominee, allocate 100%. If there are multiple nominees, distribute the percentage allocation accordingly.
Step 4: Browse or Search for Mutual Funds
You can either search for a specific mutual fund or explore our personalized collections, which are curated based on your risk tolerance and financial objectives. If you prefer, you can modify the recommendations and invest in any fund or AMC of your choice.
Step 5: Choose Investment Type (SIP or One-Time)
Decide whether to invest through a Systematic Investment Plan (SIP) or as a one-time investment. Enter your desired investment amount. For SIPs, choose the date for monthly debits from your bank account. To make the process even easier, we recommend setting up an e-mandate for automatic monthly investments.
Step 6: Review and Confirm Your Investment
Before finalizing, review your investment details, then confirm the order and make the payment. That's it! You have successfully invested.
Step 7: Track Your Portfolio
Once your investment is confirmed, it will reflect in your Miles Wealth account within 3-4 working days. You can track the performance of your portfolio and manage your investments directly from the app.
Need Assistance?
If you encounter any issues or have questions, our support team is ready to help. Simply drop us an email at support@mileswealth.in, and we'll get back to you promptly.
Why Choose Miles Wealth?
- Personalised Investing: We suggest funds that match your financial goals and risk level, making investing easy and personal.
- No Expertise Needed: You don't need prior knowledge - our platform simplifies everything for you.
- No More Guesswork: Stop relying on social media or friends' advice. Miles Wealth gives you clear, data-driven recommendations you can trust. We are AMFI licensed.
- Wealth Creation: Our goal is simple - help you build lasting wealth with smart, personalized investments.
- Regular Funds: We are AMFI Registered Mutual Fund Distributor, and we offer regular funds that align with your risk tolerance to help you achieve the best possible portfolio returns.
P.S. We earn only 0.5%-0.75% annually on the AUM we manage - so it's not expensive.
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Best Fund Managers at
Canara Robeco Mutual Fund
Fund Manager
Amit Kadam
Amit Nadekar
Avnish Jain
Ennette Fernandes
Kunal Jain
Pranav Gokhale
Shridatta Bhandwaldar
Silky Jain
Suman Prasad
Vishal Mishra
Years with AMC
3
1.1
11
3
2.2
0.9
8.3
3
12.1
3.4
Too many options leads to confusion.
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