Canara Robeco Asset Management Co Ltd Share Price

Canara Robeco Asset Management Company Limited was incorporated as ‘Canbank Investment Management Services Limited’, a public limited company on March 2, 1993. Subsequently, pursuant to a resolution passed by the Board and by the Shareholders dated April 25, 2007 and September 26, 2007, respectively, the name of the company was changed from ‘Canbank Investment Management Services Limited’ to ‘Canara Robeco Asset Management Company Limited’ as the promoter of the company, Canara Bank has entered into a Shareholders Agreement with ORIX Corporation Europe N.V. (Previously known as Robeco Groep N.V.) consequent to which a fresh certificate of incorporation was issued on October 10, 2007.

The company manages mutual funds and provides investment advice on Indian equities to Robeco Hong Kong Limited (Robeco HK), a member of the Promoter Group. It has a strategic investment process for its equity-oriented and debt-oriented schemes whereby in its equity-oriented schemes it focuses on investing in companies with competent management, robust business fundamentals, growth-oriented businesses and reasonable valuations, while focusing on safety, liquidity and return, with an endeavour to deliver risk adjusted returns for its debt-oriented schemes.

Its portfolio of equity-oriented schemes includes a large and mid-cap fund, a large cap fund, a flexi cap fund, a small cap fund, an aggressive hybrid fund, an equity-linked saving scheme (ELSS) tax saver fund, a multi-cap fund, a mid-cap fund, a focused fund, three sectoral funds (which includes consumer trends, infrastructure and manufacturing funds); a balanced advantage, a multi asset allocation fund and value fund. Its debt portfolio amongst others includes an overnight fund, a banking and public sector undertaking debt fund, a corporate bond fund, a dynamic bond fund, a gilt fund, a medium to long duration fund, a low duration fund, a liquid fund, an ultra-short duration, a short- duration fund and a conservative hybrid fund

Business area of the company 

The company is an asset management company managing schemes launched by Canara Robeco Mutual Fund. It provides management and administrative services to the Canara Robeco Mutual Fund and deploys the funds raised by the Canara Robeco Mutual Fund under its various Schemes. It is also registered with SEBI under SEBI (Portfolio Managers) Regulations, 1993 to provide Portfolio Management Services (PMS) to domestic and international clients.

Awards, accreditations and recognition 

• 2022: Awarded the ‘Best Equity Mutual Fund’ in ‘Large and Mid-Cap Fund Category’ by Mutual Funds Award, Dalal Street Investment Journal.
• 2023: Awarded ‘Niveshak Shiksha Samman’ award in the television category by Nivesh Manthan magazine.
• 2024: Awarded the ‘Best Equity Mutual Fund’ in ‘Large and Mid-Cap Fund Category’ by Mutual Funds Award, Dalal Street Investment Journal.
• 2024: Awarded the ‘Best Performer’ - Association of Mutual Funds in India (AMFI) Enclosure, ‘Bharat ka share Bazar’ at the India International Trade Fair, 2024.

History and milestones

• 2007: Canara Bank and OCE, entered into a SHA agreement dated March 19, 2007 to set forth their specific mutual understanding and agreement as to the rights and obligations of the Parties as shareholders in the company.
• 2007: Crossed Rs 30,000 million monthly AAUM mark with monthly AAUM of Rs 33,968.99 million.
• 2008: Crossed Rs 50,000 million monthly AAUM mark with monthly AAUM of Rs 60,062.58 million.
• 2010: Crossed Rs 100,000 million monthly AAUM mark with monthly AAUM of Rs100,173.55 million.
• 2019: Crossed Rs 150,000 million Quarterly AAUM mark with Quarterly AAUM of Rs 158,516.13 million.
• 2021: Crossed Rs 250,000 million Quarterly AAUM mark with Quarterly AAUM of Rs 282,728.73 million.
• 2022: Crossed Rs 500,000 million Quarterly AAUM mark with Quarterly AAUM of Rs 551,490.71 million.
• 2023: Crossed Rs 750,000 million Quarterly AAUM mark with Quarterly AAUM of Rs 793,645.55 million.
• 2024: Crossed Rs 1,000,000 million Quarterly AAUM mark with Quarterly AAUM of Rs 1,068,401.59 million.