About Canara Robeco Ultra Short Term Fund Direct-Growth
Canara Robeco Ultra Short Term Fund Direct-Growth 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 ₹181.44 Crores and the latest NAV decalared is ₹2980.688 as on 13 Dec 2019 at 9:20 pm.
Canara Robeco Ultra Short Term Fund Direct-Growth scheme return performance in last 1 year is 7.20%, in last 3 years is 21.73% and 70.66% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.