Background: Canbank Investment Management Services Ltd. is a wholly owned subsidiary of Canara Bank, established in 1906, is a leading Nationalized Bank operating in India abroad through its network of branches in India and offices in London, Moscow, UAE and Hong Kong. It has commenced it operation from 19 December 1987. Fund house manages assets worth Rs 6592.30 crore at the end of April 2009.
Canara Robeco Equity Diversified (G) an open-ended equity diversified scheme launched in August 2003. The objective of the scheme is to generate capital appreciation by investing in equity and equity related securities. The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 35.88 as on 19 May 2009.
Portfolio: The total net assets of the scheme increased by Rs 26.77 crore to Rs 145.00 crore in April 2009.
Canara Robeco Equity Diversified Fund (G) took fresh exposure to eight stocks in April 2009. It has purchased 34500 units (3.93%) of Bharat Heavy Electricals, 1.70 lakh units (1.81%) of Power Finance Corporation and 30000 units (1.44%) of Reliance Infrastructure among others.
The scheme exited completely from Housing Development Finance Corporation by selling 14690 units (1.75%), Reliance Communication by selling 1.14 lakh units (1.68%) and Reliance Capital by selling 42000 units (1.26%) among others in April 2009.
Sector-wise, the scheme took fresh exposure to Electric Equipment at 3.93%, Finance - Term-Lending Institutions at 1.81%, Construction at 1.61% and Pesticides / Agrochemicals – Indian at 0.91% in April 2009.
Sector-wise, the scheme exited completely from Finance – Housing at 1.75%, Finance & Investments at 1.26% and Mining / Minerals / Metals at 0.86% in April 2009.
The scheme had highest exposure to Bharti Airtel with 1.72 lakh units (8.89% of portfolio size) followed by Reliance Industries with 53500 units (6.65%), State Bank of India with 59900 units (5.28%) and Tata Power Company with 75750 units (4.67%) among others in April 2009.
It reduced its exposure to Reliance Industries by selling 19000 units to 53500 units (by 2.69%), ICICI Bank by selling 70000 units to 56400 units (by 1.70%), Zee Entertainment Enterprises by selling 1.42 lakh units to 1.35 lakh units (by 1.44%) and Oil & Natural Gas Corporation by selling 16000 units to 46500 units among others in April 2009.
Sector-wise, the scheme had highest exposure to Telecommunications - Service Provider at 12.87% (from 11.02% in March 2009), followed by Banks - Public Sector at 9.51% (8.76%), Power Generation and Supply at 8.01% (5.96%) and Refineries at 7.34% (9.34%) among others in April 2009.
Sector wise, the scheme had reduced exposure to Banks - Private Sector to 7.23% (by 2.98%), Refineries to 7.34% (by 2.00), Entertainment / Electronic Media Software at 3.00% (by 1.99%) and Computers - Software – Large to 2.62% (by 1.75%) among others in April 2009.
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has outperformed the benchmark index over most of the time periods except 1 month period.
The scheme has posted returns of 28.93% underperforming the BSE 200 that gained 29.61% over 1 month period ended 19 May 2009. Over 3 months period, the scheme advanced by 59.25% outperforming the benchmark index that gained 58.47%. It fell 8.86% less than benchmark index that declined by 21.91% over 1 year period.
Canara Robeco Equity Diversified (G) an open-ended equity diversified scheme launched in August 2003. The objective of the scheme is to generate capital appreciation by investing in equity and equity related securities. The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 35.88 as on 19 May 2009.
Portfolio: The total net assets of the scheme increased by Rs 26.77 crore to Rs 145.00 crore in April 2009.
Canara Robeco Equity Diversified Fund (G) took fresh exposure to eight stocks in April 2009. It has purchased 34500 units (3.93%) of Bharat Heavy Electricals, 1.70 lakh units (1.81%) of Power Finance Corporation and 30000 units (1.44%) of Reliance Infrastructure among others.
The scheme exited completely from Housing Development Finance Corporation by selling 14690 units (1.75%), Reliance Communication by selling 1.14 lakh units (1.68%) and Reliance Capital by selling 42000 units (1.26%) among others in April 2009.
Sector-wise, the scheme took fresh exposure to Electric Equipment at 3.93%, Finance - Term-Lending Institutions at 1.81%, Construction at 1.61% and Pesticides / Agrochemicals – Indian at 0.91% in April 2009.
Sector-wise, the scheme exited completely from Finance – Housing at 1.75%, Finance & Investments at 1.26% and Mining / Minerals / Metals at 0.86% in April 2009.
The scheme had highest exposure to Bharti Airtel with 1.72 lakh units (8.89% of portfolio size) followed by Reliance Industries with 53500 units (6.65%), State Bank of India with 59900 units (5.28%) and Tata Power Company with 75750 units (4.67%) among others in April 2009.
It reduced its exposure to Reliance Industries by selling 19000 units to 53500 units (by 2.69%), ICICI Bank by selling 70000 units to 56400 units (by 1.70%), Zee Entertainment Enterprises by selling 1.42 lakh units to 1.35 lakh units (by 1.44%) and Oil & Natural Gas Corporation by selling 16000 units to 46500 units among others in April 2009.
Sector-wise, the scheme had highest exposure to Telecommunications - Service Provider at 12.87% (from 11.02% in March 2009), followed by Banks - Public Sector at 9.51% (8.76%), Power Generation and Supply at 8.01% (5.96%) and Refineries at 7.34% (9.34%) among others in April 2009.
Sector wise, the scheme had reduced exposure to Banks - Private Sector to 7.23% (by 2.98%), Refineries to 7.34% (by 2.00), Entertainment / Electronic Media Software at 3.00% (by 1.99%) and Computers - Software – Large to 2.62% (by 1.75%) among others in April 2009.
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has outperformed the benchmark index over most of the time periods except 1 month period.
The scheme has posted returns of 28.93% underperforming the BSE 200 that gained 29.61% over 1 month period ended 19 May 2009. Over 3 months period, the scheme advanced by 59.25% outperforming the benchmark index that gained 58.47%. It fell 8.86% less than benchmark index that declined by 21.91% over 1 year period.
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