Canara Robeco Emerging Equities is a top ranked fund by CRISIL and has also got the top rank from many independent online research companies.
In the last one year the fund has generated a return of a breathtaking 80 per cent.
Other details of Canara Robeco Emerging Equities
Canara Robeco Emerging Equities has a small corpus size of around Rs 403 crores. The net asset value of the scheme is around Rs 57.75 under the growth plan and Rs 34.67 under the dividend plan.
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The fund has a slid portfolio with IndusInd Bank, Yes Bank, Whirlpool forming a bulk of the portfolio. Other stocks in the portfolio include Wabco, Timken, Britannia etc.
Crisil has accorded the fund a number one in the mid cap and small cap space on a host of parameters. The three year returns from the fund is 36, while the 65 year returns is 23 per cent.
Should you invest in the scheme?
It's always a difficult choice to make when deciding on a scheme. The one good thing for this fund is that it has a solid portfolio.
When you have solid stocks from the banking and FMCG sector chances are that the fund would do well.
The only worry at the moment is that the markets have run up very fast on expectations of quick reforms from the Modi government.
This has resulted in the net asset value rising sharply. What this means is that if you would be buying the scheme now, you would be paying a high price.
It's therefore best to wait for sometime for the stock markets to react and then make an entry into this fund.