In Canara Bank’s mutual fund scheme Canara Robeco Infrastructure Regular Plan, if someone had invested 10 thousand rupees, then in 3 months his amount would have increased to Rs 13475 i.e. a bumper return of 35 percent.
The country’s largest state-owned Canara Bank has revised the FD rates in the beginning of February. The bank has reduced the interest rate by 0.05 per cent for FDs maturing in a year, which means that now the interest rate on FD will be 5.20 per cent. However, interest rates on FDs of more than 2 years have been increased. Experts say that investors have a chance to earn big money by investing in mutual funds instead of FDs. Because the stock market is touching new heights. At the same time, the government has said in the budget to increase spending on infrastructure. That is why bumpers can be earned in Canara Robeco Infrastructure Regular Plan.
First we know about Canara Robeco Infrastructure Regular Plan….
In the past 10 years, it has outperformed its benchmark index and category average. During this, it gave 175 percent return to investors. At the same time, 80 percent in 5 years and since it started, has given 478 percent returns to investors.
If we look at the recent performance, 4 percent in a week, 12 percent in 1 month, 35 percent in 3 months, 42 percent in 6 months and 23 percent in one year.
If someone had invested 10 thousand rupees a month ago, then their amount would have increased to 11235 rupees. In 6 months, this amount would have increased to Rs 14183.
At the same time, if someone had invested 1000 rupees every month through SIP, then there would have been an investment of 12000 rupees in a year. That amount would have increased to 17 thousand rupees now. In 2 years, an investment of Rs. 24 thousand will increase to Rs. 33024 and in 5 years an investment of Rs. 81309 and an investment of Rs. 120000 to Rs. 223317 in 10 years.
Should we invest in Canara Robeco Infrastructure Regular Plan now ?
Experts believe that one of the best ways to get the country out of the economic crisis is to increase investment in infrastructure. To overcome the financial crisis of 2008, the government invested heavily in infrastructure in 2009 and 2010.
This time the same effort is being made, so the expectation of returns has increased in such funds, which invest in companies in the infrastructure sector.
Investment advisors believe that shares of infrastructure companies have underperformed during the last few years. His valuation is low at this time.
Hence, those investing in infrastructure funds will get more units cheaply. This will be a profitable deal for those investors who invest in funds linked to infrastructure companies.
Earlier it was a mid and smallcap fund. Its inclination was more towards smallcap than many other schemes. Now it has changed into large and midcap funds. Due to this, many big changes have taken place in it.
However, its focus remains in choosing companies that are fundamentally strong. The fund’s investment in top stocks has increased slightly.
By the way, it has performed brilliantly in the past. Hence, existing investors can invest money and get good returns in the long term.
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Canara Bank’s new FD rates
On 7-45 days – 2.95%
46- 90 days – 3.90%
91-179 days – 4%
180-1
years – 4.45% over 1 year period – 5.20%
over 1 year and less than 2 years – 5.20%
2 years or more and less than 3 years – 5.40% for
3 years or more and less than 5 years – 5.50% for
5 years or more and up to 10 years – 5.50%
What is SIP in mutual funds
SIP stands for (Systematic Investment Plan). Many investors also call it SIP. It allows the investor to invest a fixed amount regularly in a scheme of mutual funds.
In this way, it is an easy way to invest in mutual funds. In this, you buy units of mutual funds every month by withdrawing small amount from your earnings. Investments made regularly for a few years later become big investments.
You can invest in a scheme of mutual funds for one year, two years, five years or longer through SIP.
With the first installment of the investment, the mutual fund company allocates the units of the scheme to you. The number of units you get depends on the Net Asset Value (NAV) of the unit.
Suppose in the first month you have invested 1000 rupees through SIP. If the price of one unit of the scheme in which you have invested is Rs 20, then the mutual fund company will allot you a little less than 50 units.
You will not get 50 units because the asset management company charges you a little money for managing the fund, which is called the expense ratio. As you keep investing, your number of units keeps increasing.
