June 2008

CANARA ROBECO INFRASTRUCTURE

Infrastructure Fund

INVESTMENT OBJECTIVE

BASIC DETAILS

The scheme aims to invest in equities

and equity related instruments of companies in the infrastructure sector.

Fund Inception
09-Nov-2005
Fund Manager
Anand Shah
NAV (Rs)
14.99
Benchmark
BSE 100
Status
Open-end
Plans
Growth, Dividend
Number of dividends in last 3 years
1
Minimum Investment (Rs)
5,000
Minimum SIP Investment (Rs)
1000
Entry Load: 2.25% for investment less
than Rs 5 crores.
Exit Load:1% for investment less than
Rs.5 crores if redeemed within 1 year.

FUND CHARACTERISTICS
Large-cap oriented portfolio.
Diversified across sectors and stocks under the infrastructure theme-49-stock
portfolio with top 10 accounting for 39% weight.
Low-churn portfolio, with a portfolio turnover of 0.15 times only.

PERFORMANCE VIS-A-VIS BENCHMARK

RISK ANALYSIS
Standard Deviation
R-squared
Sharpe ratio
Beta
Alpha

Fund
46.43
0.96
0.06
1.14
3.66

BSE 100
28.72
0.69
-

Based on 12-month period ending Jun 30, 08

RETURNS (%)
CALENDAR YEAR RETURNS (%)
2008*

2007

2006

2005

2004

2003

Total Return (%)

-44.00

90.94

34.16

BSE 100 (%)

-36.98

59.74

40.97

Net Assets (Rs.Cr)

131.49

204.16

92.85

3 Month
6 Month
1 Year
3 Year
5 Year
Since Launch

*year to date as on 30th June 2008

SIP RETURNS

Year

Period SIP of Rs 1000 per Month

Sep

Dec

15

-20.48

-8.20

25.64

24.74

32.72

1 Year

12,000

8907

2006 25.26

-16.65

13.47

13.25

3 Year

5 Year

2007
2005
2004

As on June 30, 2008

BEST/WORST RETURN (%)

Best
Period

BSE 100
-14.61
-36.98
-7.57
19.68

Amount Invested Value of Investment

Worst
Bench
Fund mark

Period

Bench
Fund mark

1 Month

14 Sep 07 to 16 Oct 07

28

23

12 May 06 to 13 Jun 06

-32

-27

3 Month

21 Aug 07 to 20 Nov 07

55

44

04 Jan 08 to 04 Apr 08

-35

-29

1 Year

12 Dec 06 to 12 Dec 07

102

70

04 Jul 07 to 03 Jul 08

-13

-12

10
Annualised Return

2008 -29.59

Jun

Fund
-20.48
-44.00
-7.30
16.56

HISTORICAL RISK/RETURN

QUARTERLY RETURNS (%)

Mar

As on June 30, 2008

5
0
-5
-10
-15
0 15

25 35 45 55
Annualised Std Dev

65

Canara Robeco Infrastructure

BSE 100
Based on 12-month period ending Jun 30, 08

Returns up to 1 year are absolute and those above 1 year are annualised

Value Research Analytics

June 2008
CANARA ROBECO INFRASTRUCTURE

Infrastructure Fund

PORTFOLIO ANALYSIS
Top 15 Stock Holdings

Sector Break-up

Sector

Fund

BSE 100

Reliance Industries

8.60

Energy

20.62

23.81

Sterlite Industries (India)

5.42

Metals & Metal Products

15.49

8.56

Bharti Airtel

5.21

Basic/Engineering

11.17

3.99

Larsen & Toubro

5.15

Diversified

10.63

6.60

Bharat Heavy Electricals

4.93

Technology

8.98

18.15

Bombay Dyeing & Mfg. Co.

3.98

Construction

8.76

3.81

Punj Lloyd Ltd

3.58

Services

6.13

1.81

Jindal Steel & Power

3.06

Financial Services

6.03

18.44

National Thermal Power Corp.

2.88

Textiles

3.98

Tata Power Co.

2.80

Jai Prakash Associates

2.73

Reliance Petroleum

2.59

Reliance Communications

2.36

Mundra Port & Special Economic Zone

2.25

Company

Sarda Energy & Minerals

2.18
Indicates an increase or decrease or no change in holding since last portfolio

Indicates a new holding since last

portfolio

PERFORMANCE VIS-A-VIS PEERS

PORTFOLIO CHARACTERISTICS
Total Stocks
Avg Mkt Cap (Rs cr)

Jun 08

Mar 08

Dec 07

Sep 07

Jun 07

Mar 07

38

41

49

38

34

35

20,427

27,709

32,790

22,365

13,832

11,157

29.31
45.63
47.28
68.62
20.64
10.74

23.96
38.68
51.09
70.41
23.34
6.25

23.34
39.14
55.14
70.35
22.32
7.32

24.92
40.68
52.32
66.67
21.46
11.86

24.89
42.13
57.84
62.17
22.28
14.77

25.48
42.93
55.73
63.3
22.41
13.36

ALLOCATION (%)
Top 5 Holdings
Top 10 Holdings
Top 3 Sectors
Large Cap Stocks
Mid Cap Stocks
Small Cap Stocks

Classification of Stocks into Large, Mid and Small Caps: All the stocks listed on BSE are considered and arranged in the descending order of market capitalisation.
All the stocks that account for 70% of the total market capitalisation are classified as Large Cap stocks, those between 70 and 90% are classified as Mid Caps and
those accounting for next 10% are classified as Small Caps.
Risk Factors: All investments in mutual funds and securities are subject to market risks and the NAV of the funds may go up and down depending upon the factors affecting the securities markets.

June 2008
CANARA ROBECO INFRASTRUCTURE

Infrastructure Fund

FUND CLASSIFICATION

FUND PROFILE

Core Fund

Cap Classification: Large-cap oriented

Sector Weightage: Typically around 25% max weight
Stock Weightage: Top 10 typically accounts for at
least 40% of portfolio.
Number of Stocks: Around 50
Benchmark: BSE 100

Focuses on companies benefiting from the core

growth theme of India's quest for increased capital
formation-Infrastructure.
Plays this theme through a predominantly
cap oriented, diversified portfolio
with low churn.

large-

PEER PRODUCT SET

Fund

Market Cap
(Rs Cr)

Large
Cap

Mid
Cap

Small
Cap

Top 5
Holdings

Top 10
*Return(%) *Standard
Holdings
Deviation

Birla Sun Life Infrastructure

13,582

51.38

30.48

18.14

21.09

35.43

-16.35

40.27

Canara Robeco Infrastructure

20,427

68.62

20.64

10.74

29.31

45.63

-7.30

46.43

DSPML T.I.G.E.R. Reg

22,018

69.47

26.82

2.30

20.47

33.56

-12.64

42.71

ICICI Prudential Infrastructure

35,689

79.62

15.33

5.05

34.42

52.83

4.75

42.49

Principal Infra. & Services Industries 14,117

57.01

24.05

18.95

25.58

42.74

-18.79

38.88

Sahara Infrastructure Fixed Pricing

10,095

50.51

32.07

17.42

11.89

22.31

-9.23

42.37

Sundaram BNP CAPEX Opp Reg-G

8,295

44.00

37.90

18.10

17.09

28.94

-7.87

45.30

Tata Infrastructure

19,964

65.52

29.13

5.34

21.84

32.37

-1.18

41.52

UTI Infrastructure

20,288

64.46

30.50

5.04

22.04

33.73

-9.78

41.36

Data as on June 30, 2008

Data as per Value Research classifications

*period 1 Year

The stocks accounting for 70 percent of the total market capitalisation of the listed stocks on the BSE, are classified as Large Cap stocks,
those between 70 and 90 per cent are classified as Mid Caps and those accounting for next 10 per cent are classified as Small Caps.
We arrive at the market capitalisation of the fund by taking the geometric mean of the net asset weighted market capitalisations of all the
constituent stocks.

Fund Name: Canara Robeco Infrastructure Fund. Fund Type: Open-end equity fund. Fund Objective: To generate income and capital appreciation by investing in equities and equity-related instruments of companies in the infrastructure sector. Asset Allocation: Equity and equityrelated instruments of companies that are a part of the infrastructure theme: up to 100%;debt and money market instruments: up to 25%.
Statutory Details: Canara Robeco Mutual Fund has been set up as a trust under the Indian Trusts Act 1882. Sponsors: Canara Bank, 112
J C Road, Bangalore; Robeco Groep N.V, Coolsingel 120, 3011 Rotterdam, Netherlands. Investment Manager: Canara Robeco Asset
Management Company. Risk Factors: Mutual Funds and securities investments are subject to market risks and there can be no assurance
or guarantee that the objectives of the scheme will be achieved. As with any investment in securities, the NAV of the units issued under the
scheme may go up or down depending upon the factors and forces affecting the securities market. Past performance of the
sponsors/AMC/Mutual Fund does not guarantee future performance of the scheme. The sponsors of the fund are not responsible or liable
for any loss or shortfall resulting from the operation of the schemes of the mutual fund beyond the initial contribution of a sum of Rs.10 lac
towards the setting up of the mutual fund. Investors should read the offer document carefully for scheme-specific risk factors and other details
before investing.