Name of the Fund: Canara Robeco Balance (G)
Crisil Rank: 3
Category: Hybrid – Equity
Expense Ratio: 2.76%
Risk Level: Average
Benchmark: Crisil balanced
Objective: To seek to generate long term capital appreciation and / or income from a portfolio constituted of equity and equity related securities as well as fixed income securities.(debt and money market securities)
Canara Robeco balance fund has made its inception in the year 1993. Since launch, it has delivered annualized returns of 10.2%.
Top holdings of the fund include REC, Indian bank, ICICI bank, HDFC bank and ITC. The fund invests 75% of assets in equity instruments and rest in debt. The past 5 year returns of the fund have been great. It has managed to beat the benchmark index in the 1, 3 and 5 year returns.