Owing to the potential danger of spreading COVID – 19 and as directed by AMFI, to ensure safety of our investors, partners and employees, all our AMC branches are temporarily closed until further notice. However, we will be working from home and will be at your service. We urge our investors and partners to make use of various other digital modes available for making transactions. For any queries, please write to us at crmf@canararobeco.com. You may also call us at 1800-209-2726 during working hours.
We will be continuously monitoring the situation and shall update the status once the normal operations are resumed. We would like to reiterate that serving you well is our top priority and shall attempt to make your investment journey a memorable one with Canara Robeco.
With effect from December 9, 2013, U.S. Persons and Residents of Canada are not permitted to invest in any of the Schemes of Canara Robeco Mutual Fund. Read the issued notice cum addendum in this reference.
1)What is CKYC?
CKYC refers to central KYC (Know Your Customer), a new initiative by
2)What is CERSAI?
Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) is a central online security interest registry of India authorized by Government of India to act as and to perform the functions of the Central KYC Records Registry under the PMLA (Prevention of Money-Laundering) rules 2005, including receiving storing, safeguarding and retrieving the KYC records in the digital form for a client.
3)How can I complete my KYC formalities?
You may submit the CKYC form at any of our branches or you may choose to complete your KYC formalities online using the facility provided on our website.
4)What is the difference between KYC and eKYC?
KYC - is the process in the Mutual Fund industry whereby the identity of an investor is verified based on written details submitted on a form, supplemented by an in-person verification process done by the ISC personnel. Once the verification is done successfully, the relevant investor data is entered into the KRA Registration Agency (KRA) system and subsequently uploaded to their database.
eKYC is KYC done with the help of an investor's Aadhaar number. While doing the eKYC, the authentication of the investor's identity can be done:
(a) Via OTP (Limits investments to Rs 50,000 per year per mutual funds and mandates investments via the online electronic mode)
(b) Via Biometrics (No limits on the investment amount here unless those specifically imposed by the scheme / Fund House). This data is uploaded into the records of the KRA.
5)What is the process for completing my eKYC formalities online?
The process flow is as under:
a. Enter your PAN, Aadhaar, Email ID and Mobile Number for validation
b. Post validation, your identity and address details will be fetched from the UIDAI database.
c. Enter some additional information as required
d. Submit your information and the process is done.
6)Is the information that is currently sought on the current KYC form and the new CKYC form, the same?
No. CKYC requires additional information (for e.g. investor's maiden name, mother's name etc) to be collected and submitted to CERSAI for completion of the CKYC formalities of an investor.
7)What is 'KYC Identification Number'?
KYC Identification Number (KIN) is a 14-digit number allotted by CERSAI to an investor who has completed his / her
8)From when is the CKYC applicable and what procedure do I need to follow?
CKYC compliance is applicable for investments received from February 1,
9)Is CKYC compliance mandated for all categories of investors?
No. Currently, CKYC is applicable only to Individuals (both Resident Individuals and Non-Resident Individuals (NRIs)).
10)What about PAN? Is it mandatory?
a)Investors who have a valid Permanent Account Number (PAN) need to provide the same for CKYC compliance.
b) Investors, who do not have a PAN, need to submit alternate documents (refer CKYC form for details). However, such category of investors can invest (including SIPs)
c) Investors exempt from submission of a PAN:
i) Transactions undertaken on behalf of Central/State Government, by officials appointed by Courts, e.g., Official liquidator, Court receiver, etc.
ii) Investors residing in the state of Sikkim
| CLOSE ENDED SCHEMES | INTERVAL SCHEMES | |
|---|---|---|
| Accepts funds from investors on a continuous basis. | Schemes are opened for | |
| Repurchase facility available. | Principal normally does not change throughout the year. | Prior to and at such interval the scheme operates as |
| No listing in the stock exchange | Such schemes are normally listed in the stock exchange. | During the said period, |
| Better liquidity due to continuous repurchase. | Liquidity normally at the time of redemption. | |
| Sale and Repurchase based on NAV | Long term investment strategies depending on the life of the scheme. | |
Classification by Investment Objectives:
| INCOME SCHEMES | Income Schemes maximize the current income through periodical income distribution. Money is invested in |
| GROWTH SCHEMES | Growth Schemes achieve the highest capital appreciation through investment in |
| BALANCED SCHEMES | Balanced Schemes provide current income as well as capital appreciation. The investment is in Equity and Fixed income securities as per the offer document. |
| TAX SAVING SCHEMES | Tax Saving Schemes provide tax incentives; e.g. Equity Linked Saving Schemes under |
| SECTOR FUNDS | Sector Funds invest in securities of |
| INDEX FUNDS | Index Funds match the performance of the stock market by tracking an Index that represents the overall market. The investment is in a diversified market index. |
| MONEY MARKET FUNDS | These Funds invest in securities of short-term nature, which generally means securities of less than one- year maturity. The major advantages are the Liquidity and safety of principal that the investors can normally expect from short-term investments. |
| GILT FUNDS | Gilt Funds invest is in government securities. Since the issuer is the Government of India / State, these funds have little to no risk of default as there is no credit risk involved. |
Classification by Geography:
| DOMESTIC MUTUAL FUND SCHEMES: | Schemes launched with a view to |
| OFF SHORE SCHEMES: | Mutual fund schemes launched with a view to |
Funds are normally collected through the countries enjoying zero status. The aim is normally long-term capital growth by investing in local equities.
| Fixed Deposits | Mutual Fund Schemes |
|---|---|
| Investment for a fixed period | No fixed tenure in |
| Assured return on fixed deposits | No assurance for either returns or capital growth |
| Interest income is taxable | Income earned by way of distribution from the |
| High safety in Banks, otherwise depends upon rating | |
| Low returns | Safety depends upon the investment objective |
| Objective is to earn income | High returns |
| Objective is to earn income and capital growth |
The charges made by the fund managers to the investors to cover the
Volatility is due to the portfolio mix of stocks. The mix of stock itself depends upon the degree of diversification in the fund and the extent to which the fund manager tries to hedge. Look at equity as a long -term investment. Stocks may go up and down in the short term but in the long term it will always perform. For confirmation look at the BSE Sensex.
HIGH LOW
| 1992 | 4547 (Apr) | 2709 (Dec) |
| 1994 | 4643 (Sep) | 3576 (May) |
| 1996 | 4131 (Jun) | 2713 (Dec) |
| 1997 | 4605 (Aug) | 3097 (Jan) |
| 1998 | 4322 (Apr) | 2742 (Nov) |
| 1999 | 5151 (Oct) | 3042 (Jan) |
| 2000 | 6151 (Feb) | 3593 (Oct) |
| 2001 | 4462 (Feb) | 2600 (Sep) |
This is given as on 5th November, 2001.
Risk can only be minimized by managing the fund professionally. RISK CANNOT BE ELIMINATED. In the long
No. There are no assured returns in mutual funds. The returns can be higher over a long period. In case any mutual fund wants to assure returns they can do so, by clearly expressing the safety
Systematic Investment Plan is a method for investing money at regular intervals into the fund of the investors' choice over a defined time frame. This helps the investor invest monthly, quarterly and so on. Since the amount is invested regularly and is constant, the investor gets more units in the falling market and fewer units when the price is high. This helps the investor to smoothen out market fluctuations and the investment will be at a low cost over a period of time. This investment strategy is called "Rupee Cost Averaging"
Just like the above, it is the process of withdrawing funds at a regular interval. It results in benefiting in the rising market to reap the benefit out of
No assurances can be given as per SEBI Guidelines. Of their own
