Canara Robeco Flexi Cap Fund turns Rs 10,000 monthly SIP to Rs 2 crore in 21 years

Canara Robeco Flexicap Fund, an open-ended scheme investing in companies across market capitalization, has completed 21 years of existence.

Launched in September 2003, the scheme aims at generating capital appreciation by investing in equity and equity-related securities. The Assets Under Management (AUM) of the fund is Rs 13,510.37 crore as on August 30, 2024.

The scheme is benchmarked against BSE 500 TRI. The scheme is managed by Shridatta Bhandwaldar.


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In the last 21 years, the fund has delivered 18.31% CAGR against 17.23% delivered by its benchmark (BSE 500 TRI).

A lump sum investment of Rs 10,000 in the fund at the time of inception would have grown to Rs 3.39 lakh as of August 30, 2024, as against Rs 2.82 lakh by its benchmark. A monthly SIP of Rs 10,000 was invested in the fund at inception which would have grown to Rs 1.79 crore as on August 30, 2024.

“We are proud that our fund house has recently crossed an AUM of Rs. 1 lakh crore. As a fund house that has always focused on companies with a strong competitive position, we are happy to have a scheme such as our Canara Robeco Flexi cap Fund that has been around for more than two decades with investments in companies that have a high quality of management,” said Rajnish Narula, MD and CEO, Canara Robeco Mutual Fund.

The fund predominantly follows a bottom-up investment approach. It invests in fundamentally strong companies. To identify sectoral themes based on available opportunities, the fund takes a top-down approach.

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“Our Flexicap Fund is a growth quality tilt portfolio with some blend of cyclicals. The fund is focused on large cap stocks to bring in liquidity to the portfolio and few mid and small cap stocks with high conviction. Investors may also benefit from different market phases and market volatility through flexicap funds. The Canara Robeco Flexicap fund invests in companies with sustainable business models to gain from the Indian growth story,” said Shridatta Bhandwaldar, Head Equities, Canara Robeco Mutual Fund.

The Canara Robeco Flexicap Fund can invest 65% to 100% of the investment amount in equities and equity related instruments and 0% to 35% in debt and money market instruments. The fund is managed by Mr. Shridatta Bhandwaldar, Head Equities and Pranav Gokhale, Fund Manager.

“The Canara Robeco Flexicap Fund has seen several market cycles over 21 years. It has sailed through market sentiments, whether that of the financial crises in 2008 or during the COVID-19 pandemic in the year 2020. Investments in this fund could give investors an opportunity to invest across market capitalization. Today Canara Robeco Flexi Cap family of happy investors has increased to more than 5.7 lacs investor folio as of 31st August, 2024 covering all the states and Union Territories of India,” said Gaurav Goyal, National Head Sales and Marketing, Canara Robeco Mutual Fund.