Canara Robeco Mutual Funds was established in 2007 as a joint venture between Canara Bank and Robeco (an asset management company). The Canara Robeco Mutual Funds offer over 25 primary schemes.
The company offers various investment options under the scheme. Let us know how to start investing in Canara Robeco Mutual Funds in this article.
What is Canara Robeco Mutual Funds?
Canara Robeco Mutual Funds is a joint venture between Canara Bank and Robeco, an asset management company together known as Canara Robeco Asset Management Company (CRAMC). The Canara Robeco Mutual Fund manages INR 94,685 crores currently, with over 25 different mutual fund schemes available. The company has been operating for about 30 years and is hence trusted by a large majority of investors and businesses.
The CRAMC (Canara Robeco Mutual Fund) was formed in 2007 when the Canara Bank Mutual Fund sold its 49% stake to Robeco Groep Ltd. Canara Robeco Mutual Funds offer a variety of schemes across asset classes. Analyse your financial goals, risk tolerance, expense ratio and other major factors and choose the investment schemes that suit you the best.
Canara Robeco Mutual Funds: Key Takeaways
- Canara Robeco Mutual Funds was formed in 2007 with the joint venture of Canara Bank and Robeco Asset Management Company.
- Canara Robeco Mutual Funds has 22 branches across India and its headquarters are in Mumbai.
- You can invest in Canara Robeco Mutual Funds through various ways, i.e., offline or online.
- During the previous financial year, the Canara Robeco Mutual Fund flagship exhibited an impressive average annual return of 26.46%.
- Canara Rob Equity Tax Saver Fund, Canara Rob Bluechip Equity Fund, Canara Rob Emerg Equities Fund, etc are some of the top investment options.
- You can choose some trusted investment platforms like Angel, Dhan, etc to help you present the latest metrics and make informed decisions.
How to Start Investing in Canara Robeco Mutual Funds?
There are multiple ways you can start investing in Canara Robeco Mutual Funds. Check some of the most frequently used methods below.
1. Online Investment Method
You can directly create a new investment account on the official website of Canara Robeco Mutual Funds and update your KYC to start investing directly. Also, there are many online platforms that offer applications where you can invest in Canara Robeco Funds.
Groww, Zerodha, Kuvera, Angle One, etc are some of the top online platforms to start your investment journey in the stock market. You can also invest through the Canara Robeco Mutual Fund App available on the Google Play Store and Apple Store. If you are a new user, then you can complete your KYC through smart EKYC online through our smart invest.
2. Offline investment options
You can also start your investment offline, if you have some safety concerns or confusion, regarding the online methods. Visit the nearest Canara Robeco branch and fill out the necessary forms. You can ask for one at the information desk inside the bank.
You can take financial advice from a helper inside to help them guide you through the investment process. Check the steps below to choose offline investment options.
- Download the form on the official website.
- Fill the details on the form carefully.
- You will also need to provide your signature.
- Visit your nearest Canara Robeco Mutual Fund branches OR Kfintech branches.
- Submit the form and update your KYC and details as asked.
- If you are a new user and have not completed KYC, then you can complete your KYC at the center.
- You can take advice or help from a Mutual Fund Distributor (MFD).
3. Systematic Investment Plan (SIP)
You can start a regular SIP with a fixed amount at regular intervals. You can choose the tenure and payment frequency (weekly, monthly, quarterly or yearly). It is a better and safer method of investment where you can reduce the impact of market fluctuation by a significant amount.
4. Lump Sum Investment
You can choose to invest a larger sum of money all at once. It is considered suitable for people with large amounts to invest, i,e. high net worth individuals. This is, however, not suitable if you have low reserves.
You can choose to invest directly through the fund house, which allows a lower expense ratio and if you invest through a distributor, you will have to give commissions.
Different Ways to Start Investment in Canara Robeco Mutual Funds?
There are many ways to start your investment in Canara Robeco Mutual funds. However, you must choose the one that suits your needs better.
- You can directly register yourself on the Canara Robeco Mutual Fund’s website and start your investment in their mutual fund schemes.
- You can also choose to start investing through a mutual fund distributor who might guide you better. However, this might come with a higher expense ratio due to the commissions involved.
- Online investment platforms like Zerodha, Angleone, Dhan, and others can help you easily start your investment journey. However, you must choose properly and read the terms and conditions properly.
Can I start SIP on the Canara Robeco Mutual Funds?
SIP (Systematic Investment Plan) is considered to be one of the best investment options if you are playing the safe side along with the risk. You can start investing with a fixed amount (Weekly, monthly, yearly). SIP is a recurring deposit, where you need to invest a small amount at a fixed interval.
You can directly choose the SIP investment method under your profile on Canara Robeco’s official website and start investing. Otherwise, you can choose to visit the nearest branch and start your SIP. There are multiple investment platforms where you can easily choose “Start SIP”.
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Canara Robeco Mutual Funds FAQs
Q1. What are Canara Robeco Mutual Funds?
Ans: Canara Robeco Mutual Funds is a joint venture between Canara Bank and Robeco, an asset management company. It offers ideal investment options with a good average growth rate in the last financial year.
Q2. When was Robeco merged with Canara Bank?
Ans: Robeco Asset Management Company formed a joint venture with Canara Bank after it purchased a 49% stake in 2007 and is currently operating for 36 years.
Q3. What are the documents required to invest in the Canara Robeco Mutual Fund?
Ans: You will need a PAN card, and other photo ID cards (Voter ID, Passport, Driving License, Aadhaar Card, Passport) to complete your KYC (Know Your Client).
Q4. How can I invest in Canara Robeco Mutual Fund?
Ans: You can start investing in Canara Bank through its official website, through a mutual fund distributor, or an investment platform like Zerodha, AngleOne, Dhan, etc.
