Canara Robeco Asset Management Company Limited
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Canara Robeco Asset Management Company, a joint venture of Canara Bank and ORIX Corporation Europe N.V., specializes in managing mutual funds and providing investment advice for Indian equities. As of December 31, 2024, it oversaw 25 schemes spanning...
Parent organisation
Canara Robeco Asset Management Company Limited
Canara Robeco AMC boasts several equity schemes with enduring strong long-term results; seven have been actively managed for more than a decade. As of December 31, 2024, the firm asserts its position with the third-largest share of equity AUM among India's top 10 AMCs. This includes Rs 100,959 crore in equity assets, constituting 93.16 percent of its total qualifying AUM. Canara Robeco maintains that these seven long-established equity schemes have all surpassed their corresponding benchmarks over a 10-year return period.
Canara Robeco AMC highlights its advantage from its esteemed parentage. With Canara Bank holding a 51% stake and OCE a 49% stake, the firm asserts it capitalizes on Canara Bank's vast network of over 9,800 branches alongside its international experience. By December 31, 2024, Canara Robeco reports Rs 8,774 crore in AUM sourced from Canara Bank branches, accounting for 8.17% of its overall AUM.
Canara Robeco AMC reports substantial growth in market assets under active management (MAAUM) from individual retail and HNI investors, rising from Rs 41,901 crore in FY22 to Rs 78,420 crore in FY24, a 36.80 percent CAGR. As of December 31, 2024, individual customer folios constituted 0.49 crore out of Canara Robeco’s 0.50 crore total folios, marking 98.99 percent of its investor base.
The firm reports growth in its Systematic Investment Plan (SIP) figures, noting a rise in SIP accounts, total folios, and average monthly SIP amounts. As of December 31, 2024, SIP numbers totaled 0.23 crore, up from 0.14 crore in FY22, with monthly SIP contributions reaching Rs 777 crore by December 31, 2024.
Canara Robeco AMC boasts a strong multi-channel sales and distribution system, comprising third-party agents, branch sales, and online channels. By December 31, 2024, the firm reports 49,412 distribution partners nationwide, including Canara Bank, 44 additional banks, 259 national distributors, and 49,108 mutual fund distributors.
Canara Robeco AMC highlights its significant investment in a digital framework designed to enhance customer ease, interaction, and service availability. The company states its mobile app, Canara Robeco Mutual Fund App, achieved more than 500,000 downloads by year-end 2024. Furthermore, Canara Robeco promotes online investment capabilities via "Smartinvest" on its web portal.
The firm experienced sustained growth in operational revenue and net profit. Operational revenue climbed from Rs 164.22 cr (FY22) to Rs 204.59 cr (FY23) and Rs 318.09 cr (FY24), while PAT rose from Rs 60.16 cr (FY22) to Rs 79.00 cr (FY23) and Rs 150.99 cr (FY24).
*All values are in Rs. Cr
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