About Canara Robeco Savings Fund Direct-Dividend Monthly Reinvestment
Canara Robeco Savings Fund Direct-Dividend Monthly Reinvestment is a Debt
mutual fund scheme from Canara Robeco Mutual Fund
. This scheme was launched on 02 Jan 2013 and is currently managed by its fund managers Suman Prasad
and Girish Hisaria
. It has an AUM of ₹1,263.36 Crores and the latest NAV decalared is ₹10.267 as on 06 Dec 2019 at 9:45 pm.
Canara Robeco Savings Fund Direct-Dividend Monthly Reinvestment scheme return performance in last 1 year is 8.64%, in last 3 years is 23.98% and 73.76% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.