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Canara Robeco Mutual Fund

The joint venture of Canara Bank and Robeco of the Netherlands is serving the nation since 2007. The experience of Canara bank in the Indian market along with Robeco’s experience in global market makes this partnership a trusted company of not only the national market but also of the international market.

A scheme of mutual funds offered by Canara bank was established in 1987 but after their partnership with Robeco, it was renamed as Canara Robeco mutual fund. A mutual fund is a financial instrument in which a fund is created with mutual contribution from multiple investors in a form of variety of assets. Since it is a mutual investment, all the gains whether it’s a reward or risk it will be shared by all the investors according to their investment proportion.

Canara Robeco mutual funds welcome every type of investor with open arms and every type of entity is eligible for investing such as partnership firms, NRI’s, cooperative societies, non-banking financial institutions etc. A mutual fund is not just an investment, it is actually purchasing a part of the company and its assets in the form of shares.

Types of Funds offered by Canara Robeco Mutual Fund

Canara Robeco mutual funds are the fastest-growing mutual fund in the country. It offers 24 schemes in the form of equity, hybrid, debt and others. Out of these, 6 schemes are close-ended whereas the rest are open-ended schemes. All the schemes offered by Canara Robeco mutual funds are listed below in detail:

Eligibility criteria for investing in Canara Robeco Mutual Fund

Mutual funds are open for everyone anyone can invest in mutual funds as per their requirement. The following individual or firms can invest in Canara Robeco Mutual funds as:

  • Any Adult individual who is residing In India or the Persons of Indian Origin (PIOs) can make investments. Whether you are a Non-Resident Indians (NRIs) or an Overseas Citizens of India (OCI) on repatriation or non-repatriation basis can invest in these mutual funds of Canara Robeco.
  • A Karta of Hindu Undivided Family (HUF) or Any Minors through a parent or a legal guardian can invest their savings and get good returns.
  • Firms, corporate bodies, PSUs (Public Sector Undertakings), Co-operative societies registered under the Co-operative Societies Act, 1912, and Societies registered under the Societies Registration Act, 1860, partnership Firms, Religious and charitable trusts, private trusts, and Wakfs or endowments of private trust (subject to receipt of necessary approvals as required) can also invest in mutual funds.
  • Pension Funds/Pension Fund Managers
  • Financial institutions and banks
  • Mutual funds/alternative investment funds registered with SEBI
  • Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs) registered with SEBI
  • Council of Scientific and Industrial Research, India
  • Reserve Bank of India (RBI) and Government of India approved Bilateral Development Corporation Agencies/Multilateral Financial Institutions/Corporate Bodies incorporated outside India
  • Air Force, Navy, Army, and other paramilitary bodies
  • Other schemes of LIC Mutual Fund subject to SEBI regulations

Documents required for invest in Canara Robeco Mutual Fund

To invest in the schemes of Canara Robeco Mutual Fund, the investor needs to fill up 2 forms KYC (Know Your Customer) and a SIP (Systematic Investment Plan) application form. If you are first-time investor you need to submit the KYC form along with the following relevant documents:

  • PAN card
  • Passport size photos
  • Proof of Identity
  • Proof of Address

Existing investors who are KYC compliant or an account holder in a bank just need to submit a cancelled cheque leaf along with the form for a particular scheme, duly filled with all the necessary details. You can also visit the company’s website and make your investments. While investing online, investors can complete e-KYC process for investments of up to Rs.50,000.

How to Invest in Canara Robeco Mutual Fund Online?

Investing in mutual funds is now made simpler with the online portal of Canara Robeco Mutual Fund. To subscribe to the units of the fund, the below-mentioned steps are needed to be followed:

  • Access the official website of Canara Robeco Mutual Fund at www.canararobeco.com
  • Click on the ‘Invest Online’ button which can be navigated on the right-hand side of the webpage.
  • If you are investing for the very first time, click on ‘First-Time Investor’.
  • To check if the investor is KYC compliant, he/she needs to fill up his/her basic details.
  • Insert all the contact details asked of the investors in the system.
  • An investor needs to select the fund he/she wishes to put his money in, the category of the scheme, and the investment option.
  • Add a nominee to his/her account by entering his/her complete details.
  • The bank account of the investor needs to be linked with the mutual fund account.
  • The investor then needs to fill in the Foreign Account Tax Compliance Act (FATCA) details and then confirm the fund selection and later enter the amount to be invested and confirm the purchase.

Reason to invest with Canara Robeco Mutual Funds?

  • Experience: One of the oldest mutual fund companies in India Canara bank has an experience of almost 3 decades in this mutual fund industry. With its ample experience investor one can feel safe and secure about investing their money. The experience of Robeco in the international market and Canara bank in the Indian market has made them one of the most experienced brands in the mutual fund industry.
  • Trustworthiness: Both the partners of Canara Robeco mutual funds are trustworthy brands as an individual but through their partnership, customers get double assured about the safety of their money. Investors look out for trustworthy brands to invest their hard earned money and Canara Robeco mutual funds is the best amalgamation of trusted brands for mutual funds investment.
  • Tax benefits – Despite capital appreciation, Canara Robeco mutual funds also offers tax benefits to its investors. The Canara Robeco Equity Tax Saver scheme which is an equity-linked saving scheme lets the investor enjoy tax benefits.
  • Professional management: Canara Robeco mutual funds have a highly qualified professional team that assist and research on the potential of various companies and find best-suited investment option for you.
  • Varied options: With 24 schemes in their catalogue, these mutual funds have something for every sect of the investor. Whether you want to seek tax benefits or high capital appreciation you can choose your scheme depending on your appetite.

FAQs on Canara Robeco Mutual Funds

Can I do cash investment?

Yes, Investors can invest via cash up to Rs.50,000 through the branches in a financial year.

How do I decide which funds to invest in?

Read the scheme information document (SID) carefully, compare the various schemes available, and the professional experience of the fund manager handling the fund.

Can the asset allocation of a mutual fund be changed while deploying investors’ funds?

Yes. The fund manager can change the allocation of assets according to the trends in the market but is usually done on a short-term basis so as to protect the Net Asset Value (NAV).

How can we add mutual fund biller in Canara Bank?

To add a mutual fund biller in Canara Bank, all you need to do is Login to Internet banking.

  • Now, click on Payment and Transfers” and select Bill Payments Option.
  • Then, go to Manage Billers > Register Biller from the LHS Menu. Now, fill in the details of the biller and give your consent and hit “Submit”. Voila! Your biller has been added.