Canara Robeco Emerging Equities performance review analysis for January
Canara Robeco Emerging Equities performance review analysis for January: This detailed review of Canara Robeco Emerging Equities evaluates its recent performance, comparing it to the Nifty index, and analyzes key metrics such as Sharpe Ratio and sectoral allocation. The fund's strategy, top holdings, and recent portfolio moves are explored to provide insights for existing and potential investors.
Canara Robeco Emerging Equities Direct Plan Growth Option performance review analysis for January: Canara Robeco Emerging Equities Direct Plan Growth Option, managed by the seasoned fund managers Shridatta Bhandwaldar,Amit Nadekar, remains a prominent player in the Large & Mid-Cap. Canara Robeco Emerging Equities boasts an impressive AUM of ₹24629.65 crore. Under the guidance of Shridatta Bhandwaldar,Amit Nadekar, the fund adheres to its objective of to generate capital appreciation by investing in a diversified portfolio of large and mid-cap stocks. However, there can be no assurance that the investment objective of the scheme will be realized. This detailed review of Canara Robeco Emerging Equities evaluates its recent performance, comparing it to the NIFTY 50 index, and analyzes key metrics such as sharpe ratio and sectoral allocation. The fund's strategy, top holdings, and recent portfolio moves are explored to provide insights for existing and potential investors.
Performance Analysis:
Over the past week, Canara Robeco Emerging Equities returned -4.06%, showing a negative delta of -2.19% with respect to NIFTY 50. The one-month performance shows a negative trend, with the fund delivering -4.98% against the NIFTY 50’s -4.28%.
The performance over the longer durations is mentioned below:
| Period | Mutual Fund Returns | NIFTY 50 Performance | Performance Difference |
|---|---|---|---|
| 6 Months | 0.35% | -3.16% | 3.51% |
| 1 Year | 24.47% | 8.96% | 15.51% |
| 3 Years | 52.93% | 30.84% | 22.09% |
| 5 Years | 168.79% | 92.19% | 76.60% |
Top Holdings of the Fund
Below is the list of top holdings in the fund:
| Holding Name | Percentage of Portfolio |
|---|---|
| ICICI Bank | 6.94% |
| Indian Hotels Company | 5.35% |
| Trent | 4.67% |
| Bharat Electronics | 4.29% |
| Uno Minda | 4.00% |
Sector Allocation of the Fund
| Sector Name | Weightage (%) |
|---|---|
| Regional Banks | 10.77% |
| Hotels & Motels | 6.98% |
| Auto & Truck Parts | 6.27% |
| Software & Programming | 5.39% |
| Consumer Financial Services | 4.82% |
| Retail (Apparel) | 4.67% |
| Recreational Products | 4.63% |
| Aerospace & Defense | 4.29% |
| Biotechnology & Drugs | 4.03% |
| Chemical Manufacturing | 3.99% |
| Construction Services | 3.66% |
| Audio & Video Equipment | 3.65% |
| Investment Services | 3.52% |
| Electronic Instr. & Controls | 3.4% |
| Computer Services | 3.37% |
| Electric Utilities | 2.46% |
| Healthcare Facilities | 2.38% |
| Food Processing | 2.06% |
| Constr. & Agric. Machinery | 1.73% |
| Paper & Paper Products | 1.58% |
| Misc. Fabricated Products | 1.49% |
| Appliance & Tool | 1.17% |
| Construction - Raw Materials | 1.13% |
| Footwear | 1.11% |
| Beverages (Alcoholic) | 1.08% |
| Communications Services | 1.0% |
| Auto & Truck Manufacturers | 0.98% |
| Beverages (Nonalcoholic) | 0.79% |
| Jewelry & Silverware | 0.66% |
| Air Courier | 0.64% |
| Misc. Capital Goods | 0.58% |
| Airline | 0.58% |
| Metal Mining | 0.38% |
| Constr. - Supplies & Fixtures | 0.36% |
| Iron & Steel | 0.25% |
| Railroads | 0.18% |
| Broadcasting & Cable TV | 0.18% |
| Restaurants | 0.12% |
Risk Measurement
Understanding the risk associated with the fund is crucial for investors. The Sharpe Ratio, which measures risk-adjusted returns, is a key indicator of how well the fund compensates investors for the risk taken. Over the past year, the fund's Sharpe Ratio stands at 1.94, while the three-year and five-year ratios are 0.87 and 0.94, respectively. Sharpe ratio values above 1 are considered good, whereas values below 1 are considered bad.
In terms of volatility, the standard deviation over the same periods— 12.31% for one year, 12.95% for three years, and 18.33% for five years. Higher standard deviations indicate greater volatility, while lower ones suggest more stable returns.
Recent Portfolio Activity
In the last month, the fund acquired new positions in the following stocks:
| Stock Name | Holding (%) | No of shares | Holding Value (in Cr) |
|---|---|---|---|
| Navin Fluorine International | 0.21% | 146359 | 51.35 |
| Ge Vernova T&d India | 0.13% | 180348 | 31.68 |
| Devyani International | 0.12% | 1827895 | 30.21 |
| NTPC | 0.10% | 700000 | 25.46 |
| Solar Industries India | 0.00% | 1014 | 1.09 |
| Indian Bank | 0.00% | 243 | 0.02 |
The fund has increased its position in the following stocks:
| Stock Name | No of shares (Before purchase) | No of shares (After purchase) | Holding Value (in Cr) |
|---|---|---|---|
| Trent | 1891832.0 | 1693704.0 | 1150.94 |
| KPIT Technologies | 6584530.0 | 6215680.0 | 850.81 |
| Cholamandalam Investment & Finance Company | 6710594.0 | 6443963.0 | 795.16 |
| Zomato | 2.7461709E7 | 2.6942998E7 | 753.76 |
| Tata Consumer | 4812112.0 | 4562573.0 | 437.40 |
| Mahindra & Mahindra | 1639773.0 | 1439773.0 | 427.06 |
| EIH | 1.0971101E7 | 1.0596101E7 | 402.02 |
| Aditya Birla Real Estate | 1446401.0 | 1414223.0 | 389.31 |
| ABB India | 470993.0 | 470544.0 | 349.21 |
| Sona Blw Precision Forgings | 5264959.0 | 5174959.0 | 347.56 |
| State Bank Of India | 4382283.0 | 3791885.0 | 318.13 |
| Tata Power | 9942031.0 | 7442031.0 | 308.22 |
| Bata India | 2014320.0 | 1937916.0 | 273.42 |
| Torrent Power | 1970035.0 | 1798395.0 | 271.69 |
| United Breweries | 1551442.0 | 1368210.0 | 266.87 |
| Bharat Forge | 2074996.0 | 1952773.0 | 260.16 |
| Bajaj Auto | 292628.0 | 280617.0 | 253.50 |
| Creditaccess Grameen | 2653055.0 | 2528055.0 | 228.04 |
| Vinatiorg | 1217645.0 | 1165361.0 | 217.40 |
| Oberoi Realty | 1082384.0 | 1032384.0 | 207.24 |
| Varun Beverages | 5166943.0 | 3143019.0 | 195.25 |
| Bajaj Finance | 255685.0 | 248893.0 | 163.67 |
| Titan Company | 530448.0 | 498631.0 | 162.01 |
| Ajanta Pharmaceuticals | 494823.0 | 480823.0 | 145.34 |
| ZF Commercial Vehicle Control Systems India | 150962.0 | 113462.0 | 141.65 |
| Suzlon Energy | 2.5307873E7 | 1.8639783E7 | 117.40 |
| Blue Dart Express | 149219.0 | 143127.0 | 107.43 |
| CG Power & Industrial Solutions | 1595200.0 | 1266573.0 | 92.75 |
| PB Fintech | 408294.0 | 366464.0 | 69.41 |
| National Aluminium Company | 3774536.0 | 2747772.0 | 66.54 |
| Carborundum Universal | 404396.0 | 332341.0 | 48.50 |
| Kajaria Ceramics | 342645.0 | 328615.0 | 39.67 |
| Thermax | 85282.0 | 56973.0 | 26.16 |
The fund has reduced its holding in the following stocks:
| Stock Name | No of shares (Before reduction) | No of shares (After reduction) | Holding Value (in Cr) |
|---|---|---|---|
| Indian Hotels Company | 1.6938108E7 | 1.6594981E7 | 1316.57 |
| Bharat Electronics | 3.7908293E7 | 3.4286382E7 | 1056.03 |
| Uno Minda | 9676216.0 | 9378945.0 | 985.97 |
| Dixon Technologies (India) | 650661.0 | 568150.0 | 898.10 |
| Federal Bank | 3.0144637E7 | 2.9653164E7 | 625.03 |
| Praj Industries | 7345881.0 | 7321675.0 | 603.13 |
| Max Healthcare Institute | 5879924.0 | 5379924.0 | 527.10 |
| Tata Consultancy Services | 1178014.0 | 953014.0 | 407.02 |
| Kaynes Technology India | 515962.0 | 515808.0 | 308.84 |
| Sun Pharmaceutical Industries | 1492637.0 | 1392637.0 | 248.02 |
| Bharti Airtel | 1810289.0 | 1510289.0 | 245.75 |
| Schaeffler India | 399385.0 | 299385.0 | 107.31 |
| Ultratech Cement | 222738.0 | 82738.0 | 92.69 |
| Info Edge India | 303557.0 | 93264.0 | 77.00 |
| UTI Asset Management Company | 673434.0 | 563270.0 | 73.18 |
| APL Apollo Tubes | 626158.0 | 404650.0 | 61.37 |
| Dr Reddys Laboratories | 696735.0 | 496735.0 | 59.73 |
| Cipla | 907418.0 | 335204.0 | 51.42 |
| Hindustan Zinc | 646913.0 | 520616.0 | 26.28 |
| Tata Motors | 267202.0 | 202.0 | 0.02 |
Disclaimer: This is an AI-generated live story and has not been edited by LiveMint staff.
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