The Canara Robeco Infrastructure Fund is an open-ended equity mutual fund that focuses on investing in companies within the infrastructure sector. Below are the comprehensive details of the fund:
Fund Details
- Net Asset Value (NAV): ₹145.92 (as of May 9, 2025)
- Assets Under Management (AUM): ₹836.75 crore (as of March 31, 2025)
- Exit Load: 1% if redeemed within 1 year (applicable to both lump sum and SIP investments)
- Risk Level: Very High
Expense Ratio:
- Regular Plan: 2.31%
- Direct Plan: 1.07%
Minimum Investment:
- Lump Sum: ₹5,000
- SIP: ₹1,000
Fund managers of Canara Robeco Infrastructure Fund
The Canara Robeco Infrastructure Fund is co-managed by Mr. Shridatta Bhandwaldar and Mr. Vishal Mishra, both of whom bring extensive experience in equity research and fund management.
Mr. Shridatta Bhandwaldar
- Current Role: Head of Equities at Canara Robeco Mutual Fund
- Managing the Fund Since: October 1, 2018
- Education: Bachelor of Engineering (Mechanical), MMS (Finance)
Professional Experience:
- SBI Pension Funds Pvt. Ltd. (July 2012 – June 2016): Head of Research
- Heritage India Advisory Pvt. Ltd. (October 2009 – June 2012): Senior Equity Analyst
- Motilal Oswal Securities (January 2008 – September 2009): Research Analyst
- MF Global Securities (April 2006 – December 2008): Research Associate
Other Funds Managed:
- Canara Robeco Bluechip Equity Fund
- Flexi Cap Fund
- Emerging Equities Fund
- Small Cap Fund
- Equity Hybrid Fund
- Focused Equity Fund
- Mid Cap Fund
- Multi Cap Fund
- Manufacturing Fund
- Balanced Advantage Fund
Mr. Vishal Mishra
- Managing the Fund Since: June 28, 2021
- Education: Bachelor of Commerce, Associate Chartered Accountant (A.C.A.)
- Professional Experience:
- Daiwa Asset Management (India) Pvt. Ltd.: Assistant Vice President – Research
- Collins Stewart India Pvt. Ltd.: Assistant Vice President – Research
- IL&FS Investment Ltd.
- CRISIL Ltd.
- Quantum Information Services Ltd.
Other Funds Managed:
- Canara Robeco Bluechip Equity Fund
- ELSS Tax Saver Fund
- Value Fund
- Multi Cap Fund
Canara Robeco Infrastructure Fund Review
The Canara Robeco Infrastructure Fund is a sectoral equity mutual fund that focuses on companies within India’s infrastructure sector. Here’s an in-depth review to help you assess its suitability for your investment portfolio:
Pros
- Strong Long-Term Performance: Consistent outperformance over benchmark and peers.
- Experienced Fund Management: Led by seasoned professionals with a solid track record.
- Focused Investment Strategy: Concentrated exposure to infrastructure, benefiting from India’s growth story.
Cons
- High Sectoral Concentration: Limited diversification increases risk.
- Volatility: Higher standard deviation indicates potential for significant short-term fluctuations.
- Not Ideal for Short-Term Goals: Best suited for long-term investors with a high-risk tolerance.
Expert Opinion
While the fund has demonstrated strong performance, it’s important to note that sectoral funds inherently carry higher risk due to their concentrated investment approach. Experts often recommend diversified equity funds, such as flexi-cap funds, for most investors.
However, if you have a strong conviction in the infrastructure sector and a long-term investment horizon, this fund could be a valuable addition to your portfolio.
Final Verdict
The Canara Robeco Infrastructure Fund is a compelling option for investors seeking targeted exposure to India’s infrastructure sector.
Its strong historical performance and experienced management make it a noteworthy choice for those with a high-risk appetite and long-term investment perspective.
However, due to its sectoral nature, it’s advisable to allocate only a portion of your portfolio to this fund and complement it with more diversified investments.
Canara Robeco Infrastructure Fund Launch Date
The Canara Robeco Infrastructure Fund was launched on December 2, 2005. This open-ended equity scheme focuses on investing in companies within the infrastructure sector.
Additionally, the Direct Plan of this fund was introduced later, on January 2, 2013, offering investors a lower expense ratio compared to the Regular Plan.
Canara Robeco Infrastructure Fund NAV
As of May 9, 2025, the Net Asset Value (NAV) for the Canara Robeco Infrastructure Fund is as follows:
The Direct Plan typically offers a lower expense ratio compared to the Regular Plan, which can lead to higher returns over the long term. Investors should consider their investment horizon and cost preferences when choosing between these options.
Canara Robeco Infrastructure Fund Portfolio
The Canara Robeco Infrastructure Fund is a thematic equity mutual fund that focuses on companies within India’s infrastructure sector. As of July 31, 2024, the fund’s portfolio is diversified across various sub-sectors, emphasizing capital goods, construction, power, and industrial products.
Portfolio Allocation
- Equity Holdings: 95.75%
- Cash & Cash Equivalents: 5.28% (primarily in TREPS)
- Net Current Assets: -1.03%
Top 10 Equity Holdings
| Company | Sector | % of NAV |
|---|---|---|
| Larsen & Toubro Ltd. | Construction | 7.10% |
| NTPC Ltd. | Power | 5.65% |
| Reliance Industries Ltd. | Petroleum Products | 4.68% |
| Power Grid Corporation of India Ltd. | Power | 3.85% |
| Siemens Ltd. | Electrical Equipment | 3.11% |
| Hitachi Energy India Ltd. | Electrical Equipment | 3.02% |
| CG Power and Industrial Solutions Ltd. | Electrical Equipment | 2.96% |
| ABB India Ltd. | Electrical Equipment | 2.08% |
| Suzlon Energy Ltd. | Electrical Equipment | 2.08% |
| Thermax Ltd. | Electrical Equipment | 1.84% |
Sector-Wise Allocation
| Sector | % of NAV |
|---|---|
| Electrical Equipment | 16.45% |
| Construction | 11.04% |
| Power | 9.50% |
| Industrial Products | 7.09% |
| Industrial Manufacturing | 6.98% |
| Consumer Durables | 6.89% |
| Petroleum Products | 5.63% |
| Transport Services | 5.23% |
| Aerospace & Defense | 3.74% |
| Finance | 3.31% |
Additional Insights
- Number of Stocks Held: 49
- Top 5 Holdings Concentration: 20.86%
- 10 Holdings Concentration: 36.88%
Market Capitalization Breakdown:
- Large Cap Stocks: 35.42%
- Mid Cap Stocks: 16.74%
- Small Cap Stocks: 25.09%
The Canara Robeco Infrastructure Fund maintains a diversified portfolio across various sectors within the infrastructure domain, aiming to capitalize on India’s growth in this segment.
Investors should consider their risk tolerance and investment horizon when evaluating this fund, as sectoral funds can exhibit higher volatility compared to diversified equity funds.
Canara Robeco Infrastructure Fund Returns
Here is a detailed overview of the Canara Robeco Infrastructure Fund returns, encompassing both lump sum and SIP investments:
Lump Sum Returns
| Investment Period | ₹10,000 Invested On | Latest Value | Absolute Return | Annualized Return | Category Average | Rank in Category |
|---|---|---|---|---|---|---|
| 1 Week | Feb 21, 2025 | ₹9,503 | -4.97% | — | -3.76% | 78 / 226 |
| 1 Month | Jan 28, 2025 | ₹9,383 | -6.17% | — | -5.27% | 77 / 223 |
| 3 Months | Nov 28, 2024 | ₹8,179 | -18.21% | — | -12.58% | 166 / 209 |
| 6 Months | Aug 28, 2024 | ₹7,898 | -21.02% | — | -15.62% | 138 / 197 |
| Year-to-Date | Jan 1, 2025 | ₹8,160 | -18.40% | — | -12.59% | 172 / 222 |
| 1 Year | Feb 28, 2024 | ₹10,563 | 5.63% | 5.61% | 1.42% | 36 / 175 |
| 2 Years | Feb 28, 2023 | ₹15,990 | 59.90% | 26.41% | 20.99% | 31 / 143 |
| 3 Years | Feb 28, 2022 | ₹17,613 | 76.13% | 20.75% | 15.17% | 20 / 131 |
| 5 Years | Feb 28, 2020 | ₹29,689 | 196.89% | 24.28% | 19.23% | 22 / 111 |
| 10 Years | Feb 27, 2015 | ₹33,398 | 233.98% | 12.80% | 11.87% | 29 / 82 |
| Since Inception | Dec 2, 2005 | ₹129,650 | 1,196.50% | 14.23% | 6.89% | 91 / 222 |
SIP Returns
| Investment Period | SIP Start Date | Total Investment | Latest Value | Absolute Return | Annualized Return |
|---|---|---|---|---|---|
| 1 Year | Feb 28, 2024 | ₹12,000 | ₹10,432 | -13.06% | -23.08% |
| 2 Years | Feb 28, 2023 | ₹24,000 | ₹26,718 | 11.33% | 10.62% |
| 3 Years | Feb 28, 2022 | ₹36,000 | ₹46,824 | 30.07% | 17.77% |
| 5 Years | Feb 28, 2020 | ₹60,000 | ₹108,903 | 81.51% | 24.02% |
| 10 Years | Feb 27, 2015 | ₹1,20,000 | ₹2,94,215 | 145.18% | 17.06% |
Key Takeaways
- Long-Term Performance: The fund has demonstrated strong long-term returns, outperforming the category average over 3, 5, and 10-year periods.
- Short-Term Volatility: Recent short-term returns have been negative, reflecting the inherent volatility in sectoral funds.
- SIP Advantage: Systematic Investment Plans (SIPs) have yielded substantial returns over longer durations, highlighting the benefits of disciplined investing.
Canara Robeco Infrastructure Fund Direct Growth
Here is a comprehensive overview of the Canara Robeco Infrastructure Fund – Direct Plan – Growth, including its latest Net Asset Value (NAV) and performance returns across various timeframes:
Performance Returns
| Investment Period | ₹10,000 Invested On | Latest Value | Absolute Return | Annualized Return | Category Average | Rank in Category |
|---|---|---|---|---|---|---|
| 1 Week | Mar 14, 2025 | ₹10,055 | 0.55% | — | -0.13% | 57 / 212 |
| 1 Month | Feb 21, 2025 | ₹10,268 | 2.68% | — | -1.93% | 5 / 206 |
| 3 Months | Dec 21, 2024 | ₹8,354 | -16.46% | — | -13.26% | 144 / 196 |
| 6 Months | Sep 21, 2024 | ₹8,256 | -17.44% | — | -15.22% | 108 / 179 |
| Year-to-Date | Jan 1, 2025 | ₹8,630 | -13.71% | — | -11.33% | 136 / 202 |
| 1 Year | Mar 21, 2024 | ₹11,546 | 15.46% | 15.36% | 6.52% | 14 / 160 |
| 2 Years | Mar 21, 2023 | ₹17,203 | 72.03% | 31.11% | 23.34% | 22 / 123 |
| 3 Years | Mar 21, 2022 | ₹19,433 | 94.33% | 24.76% | 16.25% | 11 / 112 |
| 5 Years | Mar 21, 2020 | ₹40,081 | 300.81% | 31.98% | 25.39% | 13 / 91 |
| 10 Years | Mar 21, 2015 | ₹38,605 | 286.05% | 14.45% | 13.16% | 25 / 63 |
| Since Inception | Jan 2, 2013 | ₹66,466 | 564.66% | 16.78% | 9.93% | 69 / 197 |
SIP Returns
| Investment Period | Total Investment | Latest Value | Absolute Return | Annualized Return |
|---|---|---|---|---|
| 1 Year | ₹12,000 | ₹10,432 | -13.06% | -23.08% |
| 2 Years | ₹24,000 | ₹26,718 | 11.33% | 10.62% |
| 3 Years | ₹36,000 | ₹46,824 | 30.07% | 17.77% |
| 5 Years | ₹60,000 | ₹108,903 | 81.51% | 24.02% |
| 10 Years | ₹1,20,000 | ₹2,94,215 | 145.18% | 17.06% |
Key Insights
- Long-Term Performance: The fund has consistently outperformed its category averages over longer durations, showcasing robust long-term growth potential.
- Short-Term Volatility: Recent short-term returns have been negative, reflecting the inherent volatility in sectoral funds.
- SIP Advantage: Systematic Investment Plans (SIPs) have yielded substantial returns over longer durations, highlighting the benefits of disciplined investing.
Final Thoughts
The Canara Robeco Infrastructure Fund – Direct Plan – Growth is suitable for investors with a high-risk appetite seeking exposure to India’s infrastructure sector. While it offers impressive long-term returns, potential investors should be prepared for short-term volatility. Diversifying investments and maintaining a long-term horizon can help mitigate risks associated with sector-specific funds.
Strengths of Canara Robeco Infrastructure Fund
1) Experienced Fund Management
- Managed by Shridatta Bhandwaldar and Vishal Mishra, who have strong backgrounds in equity research and fund management.
- Their proven track record in handling equity and sectoral funds adds confidence to the fund’s direction.
2) Focused Exposure to Infrastructure Sector
- Capitalizes on India’s long-term infrastructure growth story—smart cities, roads, power, and housing.
- Aims to benefit from increased government spending and private capex revival.
3) Strong Long-Term Performance
- Has outperformed many peers over 3-year, 5-year, and 10-year horizons.
- Historical CAGR of over 24%+ in recent years for long-term investors.
4) Good SIP Performance
- Disciplined investing through SIPs has yielded attractive compounded annual growth, even amid short-term volatility.
5) Part of a Trusted AMC
- Canara Robeco Mutual Fund has a conservative investment philosophy and is known for risk-managed growth.
Risks of Canara Robeco Infrastructure Fund
1) Sector Concentration Risk
- Thematic nature means the fund is heavily exposed to infrastructure and related sectors.
- Poor performance in this sector can disproportionately impact returns.
2) High Volatility
- Sectoral funds tend to be more volatile compared to diversified equity funds.
- Short-term underperformance (e.g., recent 3-month and 6-month dips) is common.
3) Higher Expense Ratio (Regular Plan)
- Regular Plan has a relatively high expense ratio (~2.37%), which can eat into returns over time.
4) Cyclical Nature of Infrastructure
- Infrastructure sector performance is closely linked to economic cycles, interest rates, and policy initiatives.
- Any slowdown in economic activity or delays in project execution can hurt fund performance.
5) Not Suitable for Conservative Investors
- Due to its high-risk, thematic focus, it’s not ideal for short-term or risk-averse investors.
- Requires a long-term horizon (5+ years) to potentially benefit from India’s infrastructure growth.
Summary
| Aspect | Assessment |
|---|---|
| Ideal for | Aggressive, long-term investors |
| Investment Horizon | Minimum 5 years |
| Risk Level | Very High |
| Fund Type | Sectoral/Thematic – Infrastructure |
| Volatility | High |
| Return Potential | High (over long term) |
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