 Canara bank Mutual Fund (ATHAR)

Canara Bank made its foray into the mutual fund sector by establishing the mutual fund arm
Canara bank Mutual Fund in December, 1987. Canara Bank, one of the largest public sector
banks in the country, is also the sponsor of the fund.

Canara bank Investment Management Services Limited, a wholly owned subsidiary of the bank,
functions as the AMC to the fund. The operations of
the AMC are headed by N R Ramanujam, managing
director. As of Aug 2006, the fund has assets of over Rs.3, 246 crore under management.

Here is a list of mutual funds of Canara Bank which includes Open Ended Growth Schemes,
Open Ended Balanced Schemes, Open Ended Income Schemes, Open Ended Gilt Scheme, Close
Ended Glit Scheme and Schemes Taken over from Gic Mutual Fund.

CANARA ROBECO Mutual Fund Products

Scheme Type Scheme Name

Open Ended Balance Scheme (Equity
oriented )
Open Ended Balance Scheme (Debt
oriented )
Marginal Equity Scheme
Equity Scheme ( Tax Saving Scheme )
Equity Scheme ( Open Ended )
Equity Scheme ( Close Ended )
Debt Scheme ( Close Ended )
Debt Scheme ( Open Ended )
Canara Robeco Balance II
Canara Robeco Balance
Canara Robeco CIGO
Canara Robeco Equity Tax Saver
Canara Robeco Equity Diversified
Canara Robeco Expo
Canara Robeco Nifty Index
Canara Robeco Emerging Equities
Canara Robeco Infrastructure
Canara Robeco Fortune 94
Canara Robeco Multicap
Canara Robeco Fixed Maturity Plan 13M
SRI
Canara Robeco Income
Canara Robeco Liquid Plus
 Latest Mutual Fund NAVs

Scheme Name Fund category

NAVs (Rs) change%

Canara Robeco Emerging Equities (Bonus) Equity Diversified 19.57 1.66

Canara Robeco Emerging Equities (D) Equity Diversified 16.14 1.70

Canara Robeco Emerging Equities (G) Equity Diversified 23.38 1.70

Canara Robeco Equity Diversified (Bonus) Equity Diversified 25.46 1.39

Canara Robeco Equity Diversified (D) Equity Diversified 25.42 1.40

Canara Robeco Equity Diversified (G) Equity Diversified 55.89 1.40

Canara Robeco F.O.R.C.E Fund - Retail Plan (D) Equity Diversified 12.90 1.18

Canara Robeco F.O.R.C.E Fund - Retail Plan (G) Equity Diversified 13.84 1.17

Canara Robeco Infrastructure (D) Equity Diversified 18.53 1.70

Canara Robeco Infrastructure (G) Equity Diversified 23.26 1.71

Canara Robeco Large Cap+ Fund (D) Equity Diversified 10.61 1.14

Canara Robeco Large Cap+ Fund (G) Equity Diversified 10.61 1.14

Canara Robeco Multicap (D) Equity Diversified 15.11 1.55

Canara Robeco Multicap (G) Equity Diversified 16.29 1.50

MF Gainers & Losers: Equity Diversified

Mutual RatingAUM (Rs. NAV 1wk1mth3mth6mth 1yr 2yr 3yr 5yr
Fund cr.)(Rs./Unit)
Scheme Dec 10

ICICI Pru
Focused *****
Blue-chip 1,644.28 17.15 1.0 9.9 4.8 -0.9 20.9 108.1 -- --
Eqty
(G)

Reliance
Quant
Plus - RP Not Rated 41.61 14.11 0.2 9.3 2.7 -2.8 20.0 86.8 38.7 --
(G)

HDFC *****
Equity
Fund 8,353.26 288.02 0.7 8.8 3.3 -4.2 19.4 134.3 65.6 118.8
(G)

Birla SL
Comm
Eqty- Not Rated 8.43 17.47 0.4 2.9 -3.1 7.1 18.7 40.8 -- --
GAP -RP
(G)

Taurus ****
Star
184.75 59.83 0.6 11.8 5.8 -4.0 17.2 106.7 11.2 64.0
Share
(G)

Tata 179.65 34.07 -- 10.0 1.5 -4.6 17.1 119.1 48.2 97.9
Dividend ****
Yield
Fund
(G)

Fidelity *****
Equity
Fund 3,269.37 36.61 0.3 7.5 2.9 -4.4 16.9 104.4 43.5 101.4
(G)

UTI
Wealth
Builder 601.85 20.03 0.1 8.5 4.5 -0.9 16.0 72.5 -- --
Sr-2 RP *****
(G)

139.93 10.44 0.9 6.8 2.2 6.7 15.8 70.8 -2.1 --

Can
Robeco
141.48 13.84 0.6 8.1 3.4 -6.9 15.7 -- -- --
FORCE -
RP (G)
 CANARA ROBECO MUTUAL FUND

This is a Mutual Fund arm of the Bank and is one of the largest PSB Sponsored Mutual Funds in
the country.

Board of Trustees consists of Executive Director Of the Bank, in addition to four Independent
Trustees drawn from various fields of Finance, Banking, Commerce, etc.

Has so far floated 23 varied schemes, and 15 of them are closed/redeemed, merged as on
30.09.2010

• Canara Robeco Infrastructure - 4th best performing fund

• Canara Robeco Equity Divsersified, Canara Robeco Equity Tax Saver, Canara
Robeco Monthly Income Plan & Canara Robeco Income Schemes were awarded
Platinum ratings by the Economic Times quarterly MF Tracker for the period
ended March 2010.

• Received Best Income Fund Award for Canara Robeco Income Fund across four Awards
– ICRA MF Awards 2010, CNBC TV 18 Crisil MF Award-2010, Businessworld MF
Awards and Lipper Award.

Canara Robeco GILT PGS was judged as the Best India Intermediate/Long Term Gilt Fund by
Morningstar.

Canara Bank Mutual Funds

Canara bank mutual funds are actually the products from Canara Robeco and HDFC AMC. The
mutual fund products from these asset management companies are put on sale through Canara
Bank branches. The mutual fund schemes available for suitable investments are:

Canara Robeco Mutual Funds: Open ended and Close ended equity or debt-based schemes, tax
saving schemes, dedicated Gilt scheme, cash management schemes, marginal equity scheme and
more.

HDFC Mutual Funds: HDFC offers only open-ended mutual fund investments. These include
growth scheme, balanced schemes, equity-linked savings, index linked and monthly income
schemes.

For further details of each mutual fund product, refer to the Canara Bank official website
mentioned below. For info on Canara Bank products and services and specialized services like
Canara Bank Online Trading , Canara Bank Internet Banking and more, visit our subsequent
pages on each.

A STUDY OF RISK AND RETURN OF MUTUAL FUND

ISHMEET GILL
Mutual Fund products are offered to all the customers as a Corporate
Distributor for the following Asset Management Companies :

1. UTI Mutual Fund

2. HDFC Mutual Fund
3. Kotak Mutual Fund
4. ING Mutual Fund
5. Franklin Templeton Investments
6. IDFC Mutual Fund
7. DSP BlackRock Mutual Fund
8. Reliance Mutual Fund
9. Birla Sun Life Mutual Fund

BOI Mutual Fund was sponsored by the Bank in 1990, as Principal

Trustee. Out of the six schemes launched by the Fund, four schemes
have been redeemed and two schemes were transferred to Tauras
Mutual Fund after giving exit option to the investors. Management of
redemption of the four redeemed schemes of BOIMF has been taken
by the Bank from 15.12.2004.

These are the following mutual funds scheme offered by bank

BOI Double Square Plus (1990) Scheme

Rising Monthly Income (RMI-60) Scheme, 1990
Festival Boinanza Growth Scheme (1991)
Boinanza 80CCB Growth cum Tax Saving Scheme, 1992

BANK OF INDIA MUTUAL FUND – NAME OF SCHEME/REDEMPTION

DATE/NAV PER UNIT/

1. BOI Double 2 Plus (1990) Scheme

Date of Redemption 01.09.2000
NAV per unit – Rs.400/- (Assured Return)

2. Rising Monthly Income – 60 payments Scheme

Date of Redemption – 01.09.1999
NAV per unit – Rs.101/- (Assured Return)

3. Festival Boinanza Growth Scheme

Date of Redemption - 11.12.1997
NAV per unit – Plan A : Rs. 15.40
Plan B : Rs. 12.17
(fixed from 11.12.2000)

4. Boinanza 80 CCB Growth cum Tax Saving Scheme

Date of Redemption - 01.04.2002
NAV per unit – Plan A : Rs. 13.68
Investments by bank into mutual funds rose 23% to
Rs105,650 crore for the fortnight ending March 11,
compared with Rs85,717 crore in the two weeks
preceding that date, data released by the Reserve
Bank of India (RBIIt is after a gap of 21 fortnights Plan B : Rs. 10.31
that banks have invested in six figures into mutual (fixed from
funds — to be precise, Rs110,157 crore in the 01.04.2005)
fortnight ended May 21, 2010.
Bank investments in
“The net liquidity position of bank was comfortable mutual funds cross Rs 1
at the beginning of March due to which they had lakh crore in March
invested in liquid funds which are giving good
returns,” said R V S Sridhar, head of global markets
at Axis Bank.

The net average borrowings of bank under the RBI’s

daily liquidity adjustment facility stood at Rs60,068
crore in the fortnight ended March 11.

This was lesser than the net average borrowing of

Rs86,213 crore in the fortnight ended February 25.

Things have changed a touch since, however.

Vikash
According to Maneesh Dangi, head of fixed income,
Birla Sun Life Mutual Fund, for the fortnight ended
March 25, bank investments in mutual funds have
dropped amid payment of the fourth instalment of
Bank Of
advance tax and is expected to be in the range of
Rs40,000 crore to Rs45,000 crore.
Baroda
“By the end of this month it is expected to be
Mutual
around Rs20,000 crore,” Dangi said. Fund India
According to fund managers, this is because mutual
The bank of Baroda mutual fund
fund investments carry 100% risk weightage. Banks
was established October 30,
move out of mutual funds every quarter to show
1992 under the supervision and
better capital adequacy ratio. A higher ratio reflects
support of a bank of Baroda.
a stronger balance sheet.
It is Sub Company of the BOB
“Banks would opt for redemption, which in turn will
assets management company
bring down the investment in mutual funds figure,”
Ltd. The bank has a different
said VK Khanna, general manager (treasury and
kind of saving schemes, which
international banking division), Union Bank of India.
become a source of income for
But only till April, say fundmen. They see higher
people who need some extra
liquidity leading to better inflows for funds.
money without any loss.
“Investing in mutual funds is something which
banks view more as an arbitrage option rather than
an investment option — something the RBI would
not like the banks to do. April should see more of
arbitrage money than genuine investments,” said
Ramanathan K, chief investment officer at ING
Mutual Fund.
The bank introduced variety of mutual funds, which provide risk investment for their better and
bright future.

The bank has so many types of funds such as diversified fund, ELSS’96, gift fund, income fund,
liquid fund, children fund and many more.

These funds not only provide income to the people but also increase economy of the country.
These funds help the market to stabilize and keep the money in a flow so with this way market
rate goes up. The diversified fund is bid example of this kind of trading because in this fund
investor invests the money for long run capital appreciation.

This fund is equity based and money market instrument. There are lots of companies in India
which offers different types of mutual schemes but BOB mutual fund India has offered the best
scheme which not only suits the bib investor as well as to the small investor.

There is another type of mutual fund that is close-ended equity in which the bank provides
income as well as support the market growth. This fund gives the investors the personal
accidental death insurance so in case of any mishap the company provides the income to the
investor’s family and children.

The bank also provides some children based plans such as study fund and gift fund which
provides the extra money through the market instrument and these funds are suitable for low
income people also who wants to secure the future of their children as well as their own retired
life.

The BOB income fund is another good option for people who want to increase their money on
regular basis. The main objective of this fund is to invest a handsome fixed income by keeping
balance between risk and return.

This way low profile investor can earn a good amount of income on regular basis to enjoy the
life and its necessities. The gilt fund is also a good option to invest money with low income. The
minimum investment in this fund starts from 2000, which is very affordable and convenient. In
this fund people invest their money in the government securities and make a handsome profit for
them.

 Mutual Fund Bank of Baroda (BOB Mutual Fund)

Bank of Baroda Mutual Fund or BOB Mutual Fund was setup on October 30, 1992 under the
sponsorship of Bank of Baroda. BOB Asset Management Company Limited is the AMC of BOB
Mutual Fund and was incorporated on November 5, 1992. Deutsche Bank AG is the custodian.

BOB Asset Management Company Ltd. is a wholly owned subsidiary of Bank of Baroda.

The products of BOB Mutual Fund are

• BOB Diversified Fund

• BOB ELSS'96
• BOB ELSS'97
• BOB Gilt Fund
• BOB Income Fund
• BOB Liquid Fund
• BOB Income Fund STP
• BOB Balance Fund
• BOB Growth Fund
• GILT FUND - PF Plan
• BOB MIP Fund
• BOB NRI Fund
• BOB Children Fund