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 issuednotice cum addendum in this reference.
The computation of NAV, valuation of securities / assets, accounting policies and standards would be in conformity with the SEBI (Mutual Funds) Regulations, 1996 and guidelines issued from time to time. The NAV per unit shall be calculated as follows:
The NAV arrived shall be rounded off up to four decimals for index, debt, liquid/money market schemes as per regulations. It should be two decimals for equity oriented & balanced fund schemes.
Assume that the Market or Fair Value of Scheme’s investments is Rs. 1,00,00,000; Current asset of the scheme is Rs. 25,00,000; Current Liabilities and Provisions is Rs. 15,00,000 and the No. of Units outstanding under the scheme are 5,00,000.
Thus, the NAV will be calculated as:
Therefore, the NAV of the scheme is Rs. 22.0000*
Since the fund do not charge any Entry Load, the Purchase price or “Sale Price” is same as NAV of the fund disclosed on daily basis. Therefore, entry load, if any shall be charged as a percentage of Net Assets Value (NAV) for calculating Sale Price i.e. applicable Entry Load (if any) as a percentage of NAV will be added to NAV to calculate “Sale Price”. In other words, the following formulae shall be used:
An investor invests Rs. 20,000/- and the current NAV is Rs.20/-. The entry load levied by the scheme is Nil i.e.0%. Therefore, Sale price at which the investor invests = Rs.20.00 *(1 + 0%) = Rs.20.00.*
For calculating the Repurchase Price, exit load charged to the scheme is subtracted i.e. applicable Exit Loads as a percentage of NAV will be subtracted from NAV to calculate Repurchase Price. The formula for calculation of Repurchase Price would be:
An investor invests Rs. 20,000/- and the current NAV is Rs.20/-. The exit load levied by the scheme is 1.0% if redeemed/switched within 1 year from the date of allotment. Therefore, the Repurchase Price will be = Rs.20.00 *(1 – 1.0%) = Rs.19.80.
Disclaimer - Pursuant to payment of dividend (IDCW), the NAV of the IDCW option of the scheme(s) would fall to the extent of payout and statutory levy (if any).
IDCW stands for “Income Distribution cum capital withdrawal”.
Note:
• In case of IDCW, the IDCW distribution can be made out of certain portion of investors’ capital (i.e Equalization Reserve), which is part of sale price that represents realized gains
• The payment of IDCW to the investors to be made within seven working days from the record date
Quick Tips1While choosing an equity fund, consider
Quick Tips2IDCW is paid out of
Quick Tips3Instead of concentrating on a “low” NAV and more number of units, Investors could consider other factors before investing like the performance track record, fund management
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