Canara Robeco Equity Diversified Outperforms The BSE - May 20, 2009

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 MF Declares Dividend - April 24, 2009

Canara Robeco Mutual Fund has declared 28 April 2009 as the record date for dividend distribution under Canara Robeco Fixed Maturity Plan-2 (13 Months). The fund house has decided to distribute 100% distributable surplus as dividend as on the record date. Canara Robeco Fixed Maturity Plan-2 (13 Months) recorded NAVs of Rs 11.0509 per unit under retail plan and Rs 11.1102 per unit under institutional plan as on 22 April 2009.

The investment objective of Canara Robeco Fixed Maturity Plan-2 (13 Months) is to seek to generate returns by investing in fixed income debt securities, the maturity of which would be in tune with the maturity of respective plans/series so as to insulate the portfolio from the interest rate volatility, if investors remain in the scheme till maturity.

Canara Robeco Mutual Fund Under Performs The Sensex - April 20, 2009

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 4743.88 crore at the end of March 2009.

Canara Robeco Nifty Index Fund (G) an open-ended index scheme launched in September 2004. The objective of the scheme is to generate income/capital appreciation by investing in companies whose securities are included in the S & P CNX Nifty. The minimum investment amount is Rs 5000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 18.01 per unit as on 17 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 0.14 crore to Rs 4.44 crore in March 2009.

Canara Robeco Nifty Index Fund (G) took fresh exposure to one stock in March 2009. The scheme has purchased 835 units (0.78%) of Axis Bank.

The scheme exited completely from Zee Entertainment Enterprises by selling 1062 units (0.26%) in March 2009.

Sector -wise, the scheme took no fresh exposure in March 2009.

Sector-wise, the scheme exited completely from Entertainment/Electronic Media Software at 0.26% in March 2009.

The scheme had highest exposure to Reliance Industries with 3663 units (12.59% of portfolio size) followed by Oil & Natural Gas Corporation with 4978 units (8.75%), NTPC with 19183 units (7.78%) and Bharti Airtel with 4418 units (6.23%) among others in March 2009.

It reduced its exposure from NTPC by selling 984 units to 19183 units (by 0.91%), Bharti Airtel by selling 224 units to 4418 units (0.67%), Hindustan Unilever by selling 254 units to 5077 units (0.43%) and ITC by selling 441 units to 8786 units (0.27%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Refineries at 15.54% (from 14.11% in February 2009), followed by Power Generation and Supply at 12.69% (13.94%), Oil Drilling/Allied Services at 10.59% (10.23%) and Telecommunications-Service Provider at 9.70% (10.22%) among others in March 2009.

Sector wise, the scheme had reduced exposure from Power Generation and Supply to 12.69% (by 1.25%), Telecommunications-Service Provider to 9.70% (by 0.52%), Personal Care– Multinational to 2.72% (by 0.43%) and Cigarettes to 3.66% (by 0.27%) among others in March 2009.

Performance: The scheme underperformed the Sensex over most of the time periods except one year period.

Over three-month period ended as on 17 April 2009, the scheme posted returns of 17.18% underperforming the Sensex that posted returns of 18.15%. Over 6 month period, the scheme's returns scaled up 10.09% underperforming the Sensex that rose 10.50%.

The returns of the scheme over one year period fell 31.91% underperforming the Sensex that plunged by 33.12%.

Canara Robeco MF Changes Exit Load - Jan 16, 2009

Canara Robeco Mutual Fund has announced changes in exit load structure of Canara Robeco Gilt Fund with effect from January 16, 2009. For investments of less than Rs 10 crore, the fund house has revised the exit load to 1.00% for exit within 6 months from the date of allotment while there will be no exit load for investment of Rs 10 crore and above. However, earlier, the scheme levied 1.00% for exit within six months from the date of allotment.

Canara Robeco Gilt Fund, which was launched in December1999, is a gilt fund that aims to provide risk free returns (except interest rates risk) and long-term capital appreciation by investing only in government securities.

Canara Robeco Mutual Fund Decide To Distribute Dividend - Jan 12, 2009

Canara Robeco Mutual Fund has announced January 13, 2009 as the record date for declaration of dividend under dividend option of Canara Robeco Fixed Maturity Plan-Series 4 - Quarterly Plan-2.

The fund house has decided to distribute 100% of distributable surplus as on record date for both the retail and institutional plans. The NAV of the Canara Robeco Fixed Maturity Plan-Series 4 -Quarterly Plan- 2 as on January 7, 2009 was at Rs 10.0178 and Rs 10.0187 under retail and institutional plan respectively.

Canara Robeco Fixed Maturity Plan-Series 4 is a close-ended debt scheme with an investment objective of generating income by investing in a portfolio of debt as well as money market instruments normally maturing in line with the duration of the scheme.

Canara Robeco Mutual Fund Decide To Restrict Sale Of Unit - Jan 10, 2009

As the asset under management (AUM) of the Canara Robeco Income Fund crossed Rs 350 crore, Canara Robeco Mutual Fund has decided to restrict the sale of units. The fund has acquired more than Rs. 350 crore of AUM (corpus of nearly Rs 363.56 crore at end of 31 December 2008). So in order to protect the interest of the continuing investors, the Trustees have decided to limit the maximum amount of application to Rs. 1 crore and above. But, the fund will continue to accept application amount for less than Rs 1 crore. So, as and when the AUM fall below Rs 350 crore, the fund shall re-open the sale of units for application of Rs 1 crore and above.

Canara Robeco Income Fund is an income fund aims to generate income and capital generation through a low risk strategy by investing in debt securities as well as money market instruments. As on 7 January 2009, the NAV of the fund stood at Rs 18.04.

Canara Robeco Gilt Fund Introduces Exit Load - Nov 13, 2008

Canara Robeco Mutual Fund has announced the revision of exit load of the Canara Robeco Gilt Fund with effective from 1 December 2008 on a prospective basis. Accordingly, the fund will levy exit load of 1% if investors get redeemed/ switched out within six months from the date of allotment.

Existing exit load is nil which will continue till 1 December 2008. Gilt Fund does not ask an entry load. Canara Robeco Gilt Fund aims to achieve risk free return (except interest rate risk), while maintaining stability of the capital and liquidity launched in December 1999.

Canara Robeco Fixed Plan Under FMP-Series 4 - Nov 11, 2008

Canara Robeco Mutual Fund launched Canara Robeco Fixed Maturity Plan-Series 4 (Quarterly Plan 4) on 7 November 2008. The issue will be closed for subscription on 10 November 2008. It is a close-ended debt scheme.The aim of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.

The minimum investment amount under retail plan will be Rs 5000 and in multiples of Re 1 thereafter and that of under institutional plan will be Rs 1 crore and in multiples of Re 1 thereafter.

Canara Robeco MF Comes Out With New Interval Fund

Canara Robeco MF has come out with new Canbank Robeco Quarterly Interval Fund - Series I fund and it is a debt oriented interval scheme. The objective of the scheme is to generate returns and growth of capital by investing in central and state government securities and other fixed income / debt securities normally maturing within the maturity of interval plan to insulate the portfolio from interest rate volatility. The fund will invest up to 100% in debt securities including securitised debt having rating above AA or equivalent, Central and state government securities and money market instruments.

Canara Robeco Eyes 3% Fund Market Share By 2010

Mumbai: Canara Robeco Mutual Fund sees the Indian fund industry tripling assets to Rs 15 trillion in the next five years and expects to corner a 3 per cent market share by 2010, up from 0.5 per cent now, a senior executive said on Monday.

Sanjay Santhanam, director, sales and marketing, said his firm was investing in its brand and workforce and planned to offer three new funds, including a global fund this year, to attract retail investors who might keep raising exposure to mutual funds.

The fund house, a joint venture between Canara Bank and Dutch fund giant Robeco, part of privately-held Rabobank Group, managed about Rs 2700 crore in the Rs 5.5 trillion domestic fund industry at end-December.

"We hope that in three years time it will grow to something like 25,000 crores," Santhanam, who joined recently from Sundaram BNP Paribas Asset Management, told Reuters in an interview.

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"In the past, we were not very visible to the distributors because we were smaller in terms of our sales team...we are making that change."

He said the sales team would expand to 75-80 people by end of this year from 23 when Robeco bought a 49 per cent stake in the fund arm of state-run Canara Bank in March last year.

The firm is hunting for a chief investment officer, whom it expects to hire by the start of next fiscal year, and triple headcount in the investment management team to 15 people.

He said the firm would be present at 30 centres by end-2008 up from 21 now, have better online presence and use public sector banks for distribution to attract retail investors whom it saw making only 40 per cent of the industry but key to future growth.

The industry, which attracted global asset managers such as American International Group Inc and JPMorgan last year, has seen its assets under management surge nearly four-and-a-half times to $140 billion in the last five years.

A 43 per cent annual rise in the key BSE index in the past five calendar years has lured droves of investors to funds, which gobbled up 4.8 per cent of household savings in 2006/07, from 0.4 per cent two years earlier, central bank data showed.

"Gross financial savings are going up at a frenetic pace, rising 21 per cent per year in the last five years. That itself is going to ensure that even if the percentage remains the same you have at least 20 per cent (industry) growth," he said.

Investors would keep shifting money away from small-savings and government securities to mutual funds, Santhanam said, adding new alternative offerings such as real estate, commodities and structured products would contribute to the industry's growth.