SIP of Rs 10,000 since inception would have turned into Rs 5.8 crore in this aggressive hybrid fund
A legacy of stability and returns in aggressive hybrid investing.
Canara Robeco Asset Management Company Ltd., India’s second-oldest asset manager, proudly celebrates the 32nd anniversary of the Canara Robeco Equity Hybrid Fund. Launched on February 1, 1993, this open-ended aggressive hybrid fund has successfully provided investors with long-term capital appreciation through a well-balanced mix of equity and debt investments.
Over the years, the fund has helped investors navigate various market cycles by efficiently managing asset allocation, making it an attractive choice for those looking to benefit from the growth potential of equities while enjoying the stability of fixed-income instruments.
Canara Robeco Equity Hybrid Fund Overview
Balanced Investment Approach
The fund allocates 65 per cent to 80 per cent of its portfolio in equity and equity-related instruments. In comparison, 20 per cent to 35 per cent is invested in debt and money market instruments. This strategy enables investors to participate in equity market growth while mitigating risks through fixed-income exposure.
Strong Performance Track Record
As of December 31, 2024, the fund’s Assets Under Management (AUM) stood at Rs 10,747.36 crore. The scheme has consistently delivered competitive returns, outperforming its benchmarks over different time frames:
|
Period
|
Canara Robeco Equity Hybrid Fund (Regular Growth)
|
Benchmark (CRISIL Hybrid 35+65 - Aggressive Index)
|
Additional Benchmark (BSE SENSEX TRI)
|
|
1 Year
|
15.23%
|
12.69%
|
9.41%
|
|
3 Years
|
11.91%
|
11.85%
|
11.69%
|
|
5 Years
|
15.53%
|
14.59%
|
14.99%
|
|
Since Inception
|
11.74%
|
-
|
12.74%
|
An initial investment of Rs 10,000 in 1993 would have grown to Rs 3,46,160 as of December 31, 2024, compared to Rs 4,59,926 if invested in the BSE SENSEX TRI.
Impressive SIP Performance
Investors who started a Systematic Investment Plan (SIP) of Rs 10,000 per month since inception have seen their total investment of Rs 38.30 lakh grow to Rs 5.80 crore by December 31, 2024, with an XIRR of 13.90 per cent.
Fund Review: Portfolio Allocation and Management
The fund follows a diversified equity strategy focusing on Large-Cap stocks, supplemented by Mid-Cap and Small-Cap allocations. The current portfolio distribution is as follows:
- 48.01 per cent in Large-Cap stocks
- 14.19 per cent in Mid-Cap stocks
- 7.83 per cent in Small-Cap stocks
- 29.97 per cent in Debt, Cash, and Other Instruments
This allocation ensures a blend of stability from large-cap investments, higher growth potential from mid and small caps, and lower volatility due to debt exposure.
Fund Management
- Equity Portion: Managed by Shridatta Bhandwaldar, Head of Equities, and Ennette Fernandes, Fund Manager.
- Debt Portion: Managed by Avnish Jain, Head of Fixed Income.
With experienced fund managers at the helm, the fund continues to navigate market fluctuations effectively, ensuring sustained growth for investors.
Conclusion
As Canara Robeco Equity Hybrid Fund marks its 32nd anniversary, it stands as a testament to long-term wealth creation and disciplined investing. With a strong performance track record, balanced asset allocation, and expert fund management, it remains a preferred choice for investors seeking consistent returns with controlled risk.
Disclaimer: The article is for informational purposes only and not investment advice.