Canara Robeco Infrastructure Growth

All Cap

Equity

India Super Value

Infrastructure

Others

Aggressive growth Investor Profile

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Canara Robeco Infrastructure Growth focuses on Indian infrastructure and construction companies for growth.

What This Strategy Does

Canara Robeco Infrastructure Growth is an equity fund which captures India's infrastructure investment opportunity through a focused portfolio approach, deploying capital across industrials and utilities to achieve broad-based earnings growth.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated consistent outperformance across multiple time periods, delivering benchmark-beating returns over 1, 3, 5, and 10 years, showcasing its ability to generate superior outcomes for investors.

Differentiated Construction

The fund's portfolio construction process deviates from peers, with a distinct market-cap and sector positioning, including overweight exposure to industrials and underweight in energy, reflecting the team's high-conviction views.

Earnings Resilience

The fund's holdings have exhibited resilient earnings delivery and downside protection characteristics, potentially positioning it as a defensive portfolio allocation amid an uncertain macroeconomic environment.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

1.8% AnnuallyAlpha

+14.1% vs +9.9% benchmarkSince Inception

+17.8% vs +6.3% benchmark3Y Annualized

+18.2% vs +6.5% benchmark5Y Annualized

Canara Robeco Infrastructure Growth

Benchmark Index

Benchmark Performance Comparison

Canara Robeco Infrastructure Fund

NIFTY 50

Risk Profile

Standard Deviation14.8%

Maximum Drawdown-23.3% | Oct 2024

Sharpe Ratio0.01

Beta0.73

Upside Capture105%

Detailed Risks

Market Risk

Prolonged slowdown in infrastructure spending amid fiscal consolidation could undermine earnings growth.

Liquidity Risk

Concentrated mid-cap exposure could face liquidity stress during market sell-offs.

Concentration Risk

Overweight industrials and materials sectors face margin pressures from rising input costs.

Specific Strategy Risk

Policy uncertainty around infrastructure privatization could disrupt key portfolio holdings.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Provides targeted exposure to India's infrastructure growth story. This theme captures the nation's multi-decade infrastructure buildout across sectors like utilities, energy, industrials, and materials. The impact is leveraged participation in one of India's most powerful secular growth drivers—an expanding infrastructure footprint translates into robust, sustained earnings growth for companies enabling this transformation.

Broader Market View

Market Outlook

Equity markets appear to be entering a recovery phase following the recent correction, with consumption and earnings normalization supporting a rebound. This environment aligns well with the fund's exposure to consumer, financial services, and technology sectors that stand to benefit from improving domestic demand and credit growth. However, risks such as margin pressures and cyclicality warrant a balanced approach.

Why This Strategy is Attractive Now

The strategy seems well-positioned for the current market with its diversified portfolio of around 70 holdings across consumer cyclicals, defensives, financials, and technology. The presence of established leaders in these sectors, coupled with a moderate risk profile, suggests an attractive combination of growth potential and defensive qualities. This balanced positioning may allow for risk-adjusted participation in the anticipated recovery.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can provide exposure to companies with resilient business models and pricing power.

High-Level Investment Process

Sourcing: The strategy appears to focus on companies with strong franchises, sustainable growth drivers, and capable management teams. Selection: The process suggests a preference for businesses with attractive returns, healthy balance sheets, and reasonable valuations relative to growth prospects. Construction: Portfolio construction is consistent with a focus on risk management through diversification and position sizing.

Portfolio Holdings Overview

SectoralAllocation

Utilities14.5%

Financial Services6.91%

Technology3.71%

Services3.18%

Consumers3.22%

Energy & Infra10.57%

Capital Goods57.92%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Larsen & Toubro LtdCapital Goods8.83%

TrepsUtilities5.10%

NTPC LtdUtilities4.74%

Reliance Industries LtdEnergy & Infra4.57%

Bharat Electronics LtdCapital Goods4.03%

Tata Power Co LtdUtilities3.81%

State Bank of IndiaFinancial Services3.67%

CG Power & Industrial Solutions LtdCapital Goods3.60%

Power Grid Corp Of India LtdUtilities3.45%

Cummins India LtdCapital Goods3.05%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Shridatta Bhandwaldar

Mr. Shridatta Bhandwaldar has experience of 20 years. Manages 79 funds at Canara Robeco Asset Management Co Ltd with an AUM of approximately ₹58,728 Cr Holds a MMS degree.

43 years

Combined Team Experience

₹ 86,136 Cr

Assets Under Management

Vishal Mishra

Co-Portfolio Manager

Mr. Vishal Mishra has experience of 22 years. Manages 30 funds at Canara Robeco Asset Management Co Ltd with an AUM of approximately ₹27,408 Cr Holds a B.Com degree.

CW Expert Take

Canara Robeco brings disciplined process to infrastructure investing. Their approach combines bottom-up stock selection with top-down sector allocation, maintaining quality benchmarks across market cycles. The fund house leverages on-ground presence for grassroots insights, complementing analytical frameworks with local understanding of infrastructure development.

Investment Philosophy & Approach

Disciplined Approach

The fund house follows a disciplined investment approach focused on rigorous research.

Risk Management

Robust risk management framework with emphasis on portfolio diversification and downside protection.

Long-Term Perspective

The fund house adopts a long-term perspective in capital allocation decisions.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)2.31%

Exit Load1

Regulatory & Tax Information

INF760K01274

ISIN

DailyDealing Frequency

Nifty Infrastructure TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)