Innovation In Banking And Insurance Presentation On:

Mutual fund: Canara Robeco Mutual Fund.

Presented by:

S.Y. BBI,

Divya Ahuja Karishma Amkar Akshita Jadhav Veronica Makhija Harshita Shetty Mary Argello

03 05 14 20 34 45

Contents:
What is mutual fund? Role of Sponsors In mutual funds Canara Bank Robeco Group HISTORY Terms

Schemes of Canara Robeco Mutual Funds. I. II. III. IV. Equity schemes: Hybrid Schemes: Debt Scheme: Fund of fund:

What Is Mutual Funds?

Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realized is shared by its unit holders in proportion to the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.

Pass back to

Investors

Pools their money with.

Returns

Funds Manager

Generates

Invest in

Securities

Role of Sponsors In Mutual Funds?

A sponsor is a person who establishes the mutual fund along with individual/body corporate. Sponsors must contribute a minimum 40% to the net worth of AMC. A sponsor is responsible for mobilizing the savings of the public for mutual fund. They are Promoter of the mutual fund. They Brings in capital and creates a mutual fund trust and sets up the AMC. They Make an application for registration of the mutual fund Contributes at least 40% of the net worth of the AMC.

In other words, every MF needs a sponsor before it can commence operations.

The SPONSORS of these mutual funds are:

Canara Bank Robeco Group

Canara Bank:
Canara Bank, established in 1906, is a leading nationalized Bank operating in India and abroad, through its network of branches in India and offices in Hong Kong, China and the UK. The Bank has a full suite of financial services offered from its various group companies and subsidiaries such as Canfin Homes, Canara Bank Securities Ltd., Canara HSBC Oriental Life Insurance, Canbank Factors Ltd., Canbank Financial Services, Canbank Venture Capital Fund & Canbank Computer Services Ltd. Canara Bank has a total business of over Rs. 4 Lakhs crores mark and serves 3.73 crore customers through a network of over 3000 branches. The Bank is rated AAA by CRISIL.

Robeco Group:
Robeco Group N.V. is a leading international asset management specialist, 100% owned by the Rabobank. Robeco is a pure-play asset manager established in 1890, with interests across key markets worldwide, including the Netherlands, France, Germany, Spain, the United States, Hong Kong, Japan, India, and China amongst other markets. Robeco has assets under management of US Dollars 180 Billion as of 31 December, 2009. Robeco has been engaged in global asset management for over 80 years and over these years has specialized investment capabilities in asset classes of equity, fixed income and money market, as well as in structured and alternative investments, including hedge funds and private equity. Robeco is a global leader in responsible investing.

HISTORY:
Canara Robeco Mutual Fund, initially known as Canbank Mutual Fund, Canara Robeco Mutual Fund is the oldest Mutual Fund in India, established in December 1987 as Canbank Mutual Fund and came into existence as a joint venture between Canara Bank and Robeco Group, on 19th March 2007. Canara Robeco Mutual Fund was initially managed by Canbank Investment Management Services Ltd, its Asset Management Company (AMC), through an investment management agreement dated 16th June 1993 (as amended from time to time). The AMC was established in the year 1993, as a wholly owned subsidiary of CanaraBank. After the joint venture, Robeco Group took over the 49% stake in the AMC, through its subsidiary, Robeco India Holding B.V. The AMC also serves as the sub-Investment Manager to Canbank (Offshore) Mutual Fund. Canara Robeco Asset Management Company Limited (CRAMC), the investment managers of Canara Robeco Mutual Fund, is a joint venture between Canara Bank and Robeco of the Netherlands. Canara Robeco AMC manages the assets of Canara Robeco Mutual Fund by virtue of an investment management agreement dated 16th June 1993 (as amended from time to time). As of 31 December 2010, the AMC has Rs. 7,392 crores of average assets under management and has a diverse profile of investors invested across 20 active schemes.

The current equity shareholding structure of the AMC is as below:

Shareholder Canara Bank Robeco Group N.V.

% of paid up equity capital 51% 49%

Terms:
Open-ended schemes:
A type of mutual fund that does not have restrictions on the amount of shares the fund will issue. If demand is high enough, the fund will continue to issue shares no matter how many investors there are.

Close Ended Schemes:

A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.

Entry Load:
Entry load is charged at the time an investor purchases the units of a scheme. The entry load percentage is added to the prevailing NAV at the time of allotment of units.

Exit Load:
Exit load is charged at the time of redeeming or transferring schemes. The exit load percentage is deducted from the NAV at the time of redemption or transfer schemes.
Net asset value may represent the value of the total equity, or it may be divided by the number of shares outstanding held by investors and, thereby, represent the net asset value per share.

Schemes of Canara Robeco Mutual Funds.

V. Equity schemes:

1.

Canara Robeco Emerging Equities:

Scheme Type: It is open ended equity scheme. Date of Allotment: 3rd November 2005. Scheme Objectives:

To generate capital appreciation by primarily investing in diversified mid-cap stocks. Minimum Investment: Minimum amount: Rs. 5,000.00 Subsequent purchases: Minimum amount of Rs. 1000.00 Entry and exit load: The entry load is nil, whereas, exit load is 1% of the applicable NAV if redeemed or switched out.

2. Canara Robeco Equity Tax Saver:

Scheme Type: It is open ended Tax Saving Equity Scheme. Date of Allotment: 31/03/1993 Scheme Objectives: To achieve long term capital appreciation by predominantly investing in equities to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. Minimum Investment: Minimum amount: Rs. 500.00 Subsequent purchases: Minimum amount of Rs. 500.00 Entry and exit load: Both are nil.

3. Canara Robeco Infrastructure:

Scheme Type: It is open ended Equity Scheme. Date of Allotment: 02/12/2005 Scheme Objectives: To generate income / capital appreciation by investing in equities and equity related instruments of companies in the infrastructure sector. Minimum Investment: Minimum amount: Rs. 5,000.00 Subsequent purchases: Minimum amount of Rs. 1000.00 Entry and exit load: The entry load is nil, whereas, exit load is 1% of the applicable NAV if redeemed or switched out.

VI. Hybrid Schemes:

1. Canara Robeco Balance:
Scheme Type: Hybrid Schemes Date of Allotment: 02/12/1992

Scheme Objectives: 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).

Minimum Investment: Minimum amount: Rs 5000 multiples of Re.1/- thereafter.

Entry and exit load: The entry load is nil, whereas, exit load is 1% of the applicable NAV if redeemed or switched out.

VII. Debt Scheme:

1. Canara Robeco Short Term Fund:

Scheme Type: It is open ended Debt Scheme. Date of Allotment: 31/03/2009

Scheme Objectives: To generate income from a portfolio constituted of short to medium term debt and money market securities. There is no assurance that the objective of the Fund will be realized and the Fund does not assure or guarantee any returns. Minimum Investment: Minimum amount: Rs. 5,000.00. Subsequent purchases: Minimum amount of Rs. 1000.00 Entry and exit load: Both are nil.

2. Canara Robeco Floating Rate:

Scheme Type: It is open ended Debt Scheme. Date of Allotment: 03/04/2005 Scheme Objectives: The fund seeks to generate income by investing in a portfolio comprising of short term debt instruments and money market instruments with weighted average portfolio duration of equal to or less than 1 year. Minimum Investment: Minimum amount: Rs. 5,000.00 Subsequent purchases: Minimum amount of Rs. 1 Entry and exit load: Both are nil.

3. Canara Robeco Monthly Income Plan:

Scheme Type: It is open ended Debt Scheme.

Date of Allotment: 01/03/1988 Scheme Objectives: To generate Income by investing in Debt instruments, MMI and small portion in equity. Minimum Investment: Minimum amount: Rs. 5,000.00 Subsequent purchases: Minimum amount of Rs. 1000.00 Entry and exit load: The entry load is nil, whereas, exit load is 1% of the applicable NAV if redeemed or switched out.

VIII. Fund of fund:

1. Canara Robeco Gold Saving Fund:

Scheme Type: It is Open Ended Fund of Fund Scheme. Date of Allotment: 4/06/2012

Scheme Objectives: The objective of this scheme is to provide returns that closely correspond to returns provided by Canara Robeco Gold Exchange Traded Fund (the Underlying Scheme). Minimum Investment: Minimum amount: Rs. 5,000.00 Subsequent purchases: Minimum amount of Rs. 1000.00 Entry and exit load: The entry load is nil, whereas, exit load is 2.00% - If redeemed / switched out within 1 year from the date of allotment. Nil - If redeemed / switched out after 1 year from the date of allotment.