The Canara Robeco Consumer Trends Fund, launched in September 2009, has shown remarkable performance over the last 15 years. A monthly capex investment of Rs 10,000 in the fund has grown to Rs 84.81 lakh, generating an annualised return of 18.64%.
The fund invests in companies that benefit from the growing consumer demand in India and follows a consumer and financial theme. The benchmark of the fund is BSE 100 TRI. The inception date of the fund is 14th September 2016.
2009. The fund has Assets Under Management (AUM) of Rs 1,759.96 crore as on August 30, 2024. Over the last 15 years, the fund has offered a CAGR of 17.62% in the regular plan, growth option to investors, while the benchmark BSE 100 TRI and additional benchmark BSE SENSEX TRI have offered a CAGR of 13.54% and 12.99% respectively, during the same period.
Key performance highlights:
- 15-year return: 18.64% annualized return on a monthly SIP of Rs 10,000.
- 10-year return: 20.05% annualized return on an investment of Rs 12 lakh.
- 7-year return: 22.85% annualized return on an investment of Rs 8.40 lakh.
- 5-year return: 26.73% annualized return on an investment of Rs 600,000.
- 3-Year Return: 29.32% annualized return on an investment of Rs 3.60 lakh.
- 1 Year Return: 48.65% annualized return on an investment of Rs 1.20 lakh.
Over the past 10 years, an investment of Rs 12 lakh has grown to Rs 34.52 lakh, giving an annualised return of 20.05%. Over the past seven years, Rs 8.40 lakh has grown to Rs 18.94 lakh, showing a return of 22.85%. Over the past five years, an investment of Rs 6 lakh is now worth Rs 11.59 lakh, giving a return of 26.73%.
In three years, Rs 3.60 lakh crore grew to Rs 5.48 lakh crore, reflecting a return of 29.32%.
Over the past year, Rs 1.20 lakh has increased to Rs 1.49 lakh, generating a return of 48.65%.
As of August 30, 2024, the fund has a concentrated portfolio of 45 stocks. The top four sectors are Retail, Financials, Banking and Consumer Durables, which account for 41% of the entire portfolio.
The Canara Robeco Consumer Trends Fund invests 80-100% in equity and equity-related instruments of companies that benefit directly or indirectly from the growing consumer demand in India. It invests 0-20% in debt and money market instruments, 0-10% in REITs/InvITs and 0-20% in other equity and equity-related instruments.
The fund is managed by Shridatta Bhandwaldar, Head of Equities, and Ennette Fernandes, Fund Manager.
“Based on population and consumption, and as per an analysis by Boston Consulting Group, the share of elite and affluent households could reach 40 per cent by 2025. As a fund manager that has crossed an AUM of Rs 1 trillion, we are pleased to see the confidence of investors not just in us but in the nation at large. We continue to bet on consumption and finance with the belief that with an increase in population and income growth, there could be an increase in spending. We expect our Consumer Trends Fund to benefit from the demographic advantage of ‘Young India’ over the next decade and the rapid urbanisation and evolution of cities,” said Rajnish Narula, Managing Director & CEO, Canara Robeco Mutual Fund.
Highlights:
- Strong performance: The fund has achieved a CAGR of 17.62% over the past 15 years, outperforming its benchmarks.
- Assets Under Management (AUM): The fund’s AUM has reached Rs 1,759.96 crore.
- Investment Approach: The fund invests in companies across market capitalizations that are expected to benefit from India’s consumption-driven economy.
- Sector Exposure: The fund’s portfolio is concentrated in retail, financials, banking and consumer durables.
- Positive Outlook: Canara Robeco remains optimistic on the long-term growth prospects of the Indian consumer sector.
First published: September 17, 2024 | 8:50 am IS
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