Canara Robeco Small Cap Fund review: Superior downside protection amid stock market correction

10 Mar Canara Robeco Small Cap Fund review: Superior downside protection amid stock market correction

Posted at 01:00h in Insights by
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

BASIC FACTS

DATE OF LAUNCH

15 FEB 2019
CATEGORY
EQUITY
TYPE
SMALL CAP
AUM*
Rs.11,528 crore

BENCHMARK
NIFTY SMALLCAP 250
TOTAL RETURN INDEX

WHAT IT COSTS

NAV**
GROWTH OPTION
Rs.32.41
IDCW
Rs.29.22
MINIMUM INVESTMENT
Rs.5,000

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MINIMUM SIP AMOUNT
Rs.1,000

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EXPENSE RATIO# (%)
1.72
EXIT LOAD
1% for redemption within 365 days

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FUND MANAGER

PRANAV GOKHALE (LEFT)/SHRIDATTA BHANDWALDAR
1 YEAR, 3 MONTHS / 5 YEARS, 4 MONTHS

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Recent portfolio changes

New entrants
Bata India, Devyani International, Mphasis,Radico Khaitan, TBO Tek (Dec).
Affle (India), ITC Hotels (Jan).
Complete exits
Mphasis, PVR Inox (Jan)

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Should You Buy

This fund prioritises downside protection. The fund managers prefer high quality businesses backed by strong business models, competent management and good governance. It maintains a heavily diversified portfolio with modest positions, even in its top bets. The fund has built a decent track record in its short running time, delivering sharp outperformance, particularly in its initial years. Its performance has slipped in the past two years amid a market shift towards value stocks. However, it has showcased its superior downside protection credentials amid the broader market correction in the past six months.

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