Canara Robeco MIP BASICS
NET ASSET VALUE
As on 28 Feb 2010
As on 6 Apr 2010
Rs174.46 crore
Fund’s expense ratio 2.50% Category average expense ratio 1.75%
CORPUS
Rs27.80
Fund managers Nimesh Chandan & Suman Prasad With the fund since 1.5 years
RETURNS
MINIMUM INVESTMENT
Rs5,000
As on 28 Feb 2010
Address 4th Floor, Construction House, 5 Walchand Hirachand Road, Ballard Estate, Mumbai-01
Website/toll-free number www.canararobeco.com
8 months
RISK MEASURES
How Rs10,000 has grown Canara Robeco MIP (G) 50,490.96
60,000 50,000 40,000 30,000 20,000 10,000 0
Morningstar risk
Category 31,136.12 1996 1 April
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
MORNINGSTAR RATING
2007
2008
3 years
Above average
5 years
Above average
2009 6 April 2010
Base value taken as 10,000. Data for ‘retail growth’ option of fund
Average annual return (%)
Category average return
18.87 13.64 14.25 11.73
14.53 8.06 8.21 8.52
1-year 3-year 5-year 10-year
3-year standard deviation 9.87% 12.89% 3-year mean return
Returns as on 6 April 2010
Inception date: 30 March 1996 (Returns since inception: 12.25%)
BEHIND THE NAV Morningstar style box Value Large Mid
Small
Core
Growth
Asset allocation It is a nine-square grid. Each column represents an investment style. The first is “value”. A fund marked in this column would pick stocks due to low valuation (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value and cash flow). The central column represents “blend” funds, including value, core and growth stocks. The last column is “growth”. A fund in this column would pick stocks of companies that are growing fast (high growth rates for earnings, sales, book value and cash flow) and high valuation (high price ratios and low dividend yields). The rows are the market-cap categories across large-, mid- and small-cap. A fund in row one would buy stocks of large-cap companies and that in the bottom row would buy stocks in small-cap companies. This fund is at the intersection of row one and column three. This means it buys large-cap stocks in growth companies.
Financial services Cash
72.89% 5.87% Bond
21.30% Stocks
Total number of stocks
44
As on 28 Feb 2010
Top 5 holdings
Top 5 sectors Industrial materials Utilities Energy Healthcare Others As on 28 Feb 2010
22.81%
30.34%
7.24%
1.18% 1.22% 1.41%
L&T Finance NTPC State Bank of India
7.43% 16.01%
16.17%
1.15%
5.87%
HDFC Bank
89.17%
Bharat Heavy Electricals Others
As on 28 Feb 2010 Source: