Equity Market Review. Anand Shah Head - Equity

Transcription

1 Monthly Connect January

2 Equity Market Review Anand Shah Head - Equity While most of the world equity markets rallied in the New Year, Indian equity market is one of the worst performers during the month of January Among macroeconomic concerns and political standoff over corruption issues, Indian equity indices were battered heavily during the month of January Broader equity indices SENSEX and NIFTY were down by 10.6% and 10.3% respectively, while the Midcap and Small cap indices were battered the most and were down by 12.0% and 12.3% respectively. During the month all the sectors ended in the negative territory while the sectors which got most of the beating are Realty (22.0), Auto (13.1), Consumer Goods (12.3), Oil & Gas (10.6), and Bankex(9.8). For the month of January FII turned net sellers to the tune of US $1,054Mn, Insurance companies bought to the tune of US $1,114Mn, while Mutual funds bought to the tune of US $40Mn. Quarterly Monetary policy: The Reserve Bank of India continued with its monetary normalization process in the January policy review meeting and hiked the benchmark rates by 25 bps each. Repo rate now is 6.5% and Reverse Repo rate now is 5.5%. The Central bank also increased the year end forecast for inflation for 5.5% to 7%. WPI Inflation: India s headline WPI Inflation rose to 8.4% yoy, over 7.5% last month. The inflation surged again due to primary articles inflation and continued pick-up in non-manufacturing inflation. The surge in head line inflation was largely driven by Food inflation during the month of December. IIP falters: November IIP growth plunged to 2.7% yoy, led by sharp decline in every use-based category. Meanwhile, October IIP was revised upwards to 11.3% yoy from the initial 10.8% released last month. 3QFY11 Results review: As indicated in our results preview the trend in this quarter results are of volume growth but disappointing margins. Financials and IT companies continued their healthy numbers but the Manufacturing companies have faced cost inflation which has led to decrease in their margins. Currency: INR depreciated by a significant 2.7% vs. the US$ over the month. Going Forward: We continue to believe that developed markets are facing the problem of growth and emerging markets are facing the problem of inflation. Developed markets face reversal of fiscal stimulus (in wake of sovereign default crisis) and the emerging markets are facing the reversal of monetary stimulus as well as fiscal stimulus (because of rising inflation). In all, both developed markets as well as emerging economies both face headwinds in terms of growth as well as liquidity (which in turn will hurt the equity markets). Going forward, for the next few months, domestic economy in India faces significant headwinds. Indian economy would be impacted by rising crude oil prices, high inflation, rising interest rates, widening current account deficit and rising fiscal deficit. Since the announcement of QE2, we have seen significant rise in crude prices and other commodities. More so in recent times, CRB index (Thomreuters/Jeffries CRB commodity price index) has crossed 52 week high on the back of positive news flow for US economy s recovery. Metal prices are rising and food prices are touching new lifetime highs. BUT, this good news for US economy is bad news for India (and China, Egypt, Tunisia, Indonesia list goes on). Rising commodity prices will only make inflation problem in India (and other emerging markets) more difficult. We expect more interest rate hikes in India and China in first six months of CY11, which in turn will lead to higher interest rates in economy and eventual slow down for both the economies. For India, rising crude prices in India, is also a bad news for current account deficit and fiscal deficit, given that in current circumstances we do not expect government to increase diesel prices, and thus increasing the burden of fuel subsidy on government. All in all, we need to brace for difficult times for equity markets in next few months. On the global front, at one hand we have US recovery gaining strength but EU situation continues to remain difficult. While both the economies are benefitting from fiscal stimulus and ultra-loose monetary policy, but both bond markets and currency markets are giving early signals of difficulties. Since the announcement of QE2, contrary to expectations, we have seen bond yields hardening and dollar currency appreciation. We expect that going forward, US, UK and all the countries in EU, will look forward for more fiscal consolidation resulting into lower growth. Also rising bond yields will make it difficult for Portugal and Spain to refinance their debt leading to need for more bailouts. Thus headwinds, both locally and globally continue to be challenging. Investors will have to tide over the short-term headwinds in the equity markets to benefit from the Indian economy s long-term growth story. Global liquidity is a short-term positive for the equity markets while the rising interest rates and sovereign default worries are a medium term risk to global equity markets. However, in the long term, favorable demographics and a predominantly domestic consumption and infrastructure-driven Indian economy offers good long-term investment opportunities. SIPs are an efficient (and the only) way of investing in the current environment. 2 Monthly Connect January 2011

3 Debt Market Review The 10yr benchmark traded in a ,25% band in the month of Jan. Initially we saw some support in yields/ buying interest - till 16th jan -since that was the last date for filling up the FII limits for the gsec portion. Also by mid jan OMO purchases were almost over. We had the Iranian oil payment, inflation and supply side bottleneck issues take centre stage in the month of Jan. All of these weighed on market sentiments in the second half of the month coupled with spike in crude on account of the unrest in Egypt/Tunisia. Globally we Ritesh Jain Head - Fixed Income had S&P and Fitch cut ratings of Japan and Taiwan. The outlook for this month will likely be range trading as auction season for FY draws to a close and market will start positioning for the gross borrowing number for FY We expect the 10yr benchmark to trade in a % band. The monthly inflation number is expected to print closer to 8% vs 8.43% - on the back of base effect. We expect the liquidity injection to be manageable for this month and should hover under the 100,000cr mark. Going into march, the market will start worrying about the adv tax outflows. Also market will start building expectations from the budget as we get closer to the end of the month and we have the mid quarter policy review on 17th march. The market is not expecting any respite in the high cash balances post statements made to the effect that the same would continue in fy12 and also that liquidity will be not getting into surplus mode. Monthly Connect January

4 Canara Robeco equity diversified Category: Open Ended Equity Scheme Scheme Objective: To generate capital appreciation by investing in equity and equity related securities. Avg AUM : ` crores NAV: Growth Option: ` Dividend Option: ` Bonus Option: ` Date of Allotment: September 16, 2003 Equity and equity related instruments : 85% - 100%. Money Market instruments : 0% - 15% Lumpsum: ` 5000 in multiples of ` 1 thereafter. SIP/STP: For Monthly Frequency - ` 1000 and in multiples of ` 1 thereafter. For Quarterly Frequency - ` 2000 and in multiples of ` 1 thereafter. Plans / Options: Growth Option, Growth Option with Automatic Repurchase. Dividend Option - Dividend Reinvestment, Dividend payout, Bonus Option. Exit Load: Lumpsum/SWP/SIP/STP : 1% - if redeemed / switched out within 1 years from the date of allotment, Nil if redeemed/ switched out after 1 years from the date of allotment. Benchmark: BSE 200 Fund Manager: Mr. Anand Shah Total Experience: 11 Years In Managing this Fund: 6 Months Canara Robeco Equity Diversified follows a predominantly bottom-up investment approach with a focus on fundamentally sound companies which are likely to deliver superior capital appreciation over the medium-term. The fund has a predominant focus on large caps with select high conviction mid cap ideas. The fund provides a blend of Growth and Value style of investing. Scheme BSE 200 Last 6 Months Last 1 Year Last 3 Years Last 5 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than (or equal to) a year and absolute basis for a period less than a year. Inception Date: September 16, 2003 Standard Deviation 9.83 Portfolio Beta 0.91 Portfolio Turnover Ratio 1.03 times R-Squared 0.97 Sharpe Ratio 0.09 Risk Free Rate of Return : 7.55% (364D T-Bill yield as of Jan 31, 2011) portfolio Name of the Instruments % to NAV Listed HDFC Bank Ltd 6.15 Bharti Airtel Ltd 5.45 Reliance Industries Ltd 5.23 Infosys Technologies Ltd 4.37 Bharat Heavy Electricals Ltd 3.07 NTPC Ltd 2.95 Tata Consultancy Services Ltd 2.75 ACC Ltd 2.67 Tata Power Company Ltd 2.65 I T C Ltd 2.65 Power Grid Corporation Of India Ltd 2.56 Coal India Ltd 2.49 SIP Performance SIP Period Investment Scheme BSE 200 OutPerformance Current Value Returns Current Value Returns Current Value Returns (`) (%) (`) (%) (`) (%) One Year 12,000 12, % 11, % % Three Years 36,000 51, % 45, % 5, % Five Years 60,000 92, % 79, % 12, % Seven Years 84, , % 144, % 26, % Since Inception 88, , % 158, % 31, % Inception Date 16-Sep Investment date is taken to be 5th of the month 2. The calculations are based on the growth plan NAVs. 3. Past performance may or may not be sustained in the future. investment style Growth value Blend Large Cap Mid Cap Small Cap Diversified Thematic Sector GAIL (India) Ltd 2.45 Sun TV Network Ltd 2.41 State Bank Of India 2.39 Nestle India Ltd 2.23 Bank Of Baroda 2.20 Cadila Healthcare Ltd 2.05 Bharat Petroleum Corporation Ltd 1.96 Torrent Pharmaceuticals Ltd 1.92 Ambuja Cements Ltd 1.78 Oil India Ltd 1.61 Ultratech Cement Ltd 1.59 Divi s Laboratories Ltd 1.55 Hindustan Media Ventures Ltd 1.53 Alstom Projects India Ltd 1.52 Jubilant Life Sciences Ltd 1.52 Godrej Consumer Products Ltd 1.38 Oracle Financial Services Software Ltd 1.30 Asian Paints Ltd 1.26 Mahindra Holidays & Resorts India Ltd 1.23 Oil & Natural Gas Corporation Ltd 1.17 Exide Industries Ltd 1.16 Jubilant Foodworks Ltd 1.16 Vardhman Textiles Ltd 1.11 VA Tech Wabag Ltd 1.11 Pantaloon Retail (India) Ltd 0.99 Glaxosmithkline Pharmaceuticals Ltd 0.98 Bajaj Auto Ltd 0.97 IndusInd Bank Ltd 0.90 Career Point Infosystems Ltd 0.89 Punjab National Bank 0.60 Sub Total CBLO HDFC Bank Ltd 0.78 Sub Total Net Current Assets 0.38 Others 0.32 sector allocation MMI & Others Other Equity Pharmaceuticals Power Consumer Non Durables Software Banks 8.02% 8.16% 12.09% 8.68% 9.31% 12.24% 12.09% Equities 87.91% 41.50% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 4 Monthly Connect January 2011

5 Canara Robeco F.O.R.C.E Fund (Financial Opportunities, Retail Consumption & Entertainment Fund) Category: Open Ended Equity Scheme Scheme Objective: The objective of the Fund is to provide long - term capital appreciation by primarily investing in equity and equity related securities of companies in the Finance, Retail & Entertainment sectors. Avg AUM : ` crores NAV: Retail - Growth Option: ` Dividend Option: ` Institutional - Growth Option: ` Dividend Option: ` Date of Allotment: September 14, 2009 Equity and equity related instruments of companies in the Finance, Retail & Entertainment sector : 65%-100%.Other Equity and equity related instruments : 0%-35%. Domestic Debt and Money Market instruments (Including securitised debt up to 10% of net assets) : 0% - 35% Retail Plan : Minimum amount: ` 5000 and multiples of ` 1 thereafter. Subsequent purchases: Minimum amount of ` 500 and multiples of ` 1 thereafter. Institutional Plan : Minimum amount: ` 5,00,00,000 ( ` Five Corores) and multiples of ` 1 thereafter. Subsequent purchases: Minimum amount of ` 5,00,000 (` Five Lakhs) and multiples of ` 1 thereafter. SIP/STP : For monthly frequency - ` 1000 and in multiples of ` 1 thereafter. For quarterly frequency - ` 2000 and in multiples of ` 1 thereafter PLANS / OPTIONS: Retail Plan : Growth Option, Growth Option with Automatic Repurchase. Div. Option - Dividend Reinvestment & payout. Institutional Plan :Growth Option, Growth Option with Automatic Repurchase. Div. Option-Dividend Reinvestment & payout. Exit Load: Lumpsum/SWP/SIP/STP : 1% - If redeemed / switched out within 1 year from the date of allotment, Nil if redeemed /switched out after 1 year from the date of allotment. Benchmark: S&P CNX Nifty Fund Manager: Mr. Anand Shah Total Experience: 11 Years In Managing this Fund: 1 Year 5 Month Canara Robeco FORCE Fund is an open ended thematic fund predominantly investing in 3 sectors benefitting from the rising and stable domestic demand i.e. Financial Services, Retail Consumption and Media & Entertainment. The fund will also look for opportunity to invest in few other companies which benefit from this theme not covered in the sectors mentioned above. The fund will invest in stocks across the Market Capitalisation range and will look to follow Growth style of investing. Scheme S&P CNX Nifty Last 6 Months Last 1 Year Last 3 Years - - Last 5 Years - - Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than a (or equal to ) a year and absolute basis for Inception Date: September 14, 2009 Standard Deviation 4.83 Portfolio Beta 0.76 Portfolio Turnover Ratio 1.22 times R-Squared 0.79 Sharpe Ratio 1.05 Risk Free Rate of Return : 7.55% (364D T-Bill yield as of Jan 31, 2011) portfolio Name of the Instruments % to NAV Listed HDFC Bank Ltd 8.59 Bank Of Baroda 7.60 State Bank Of India 6.87 Punjab National Bank 6.71 Sun TV Network Ltd 4.03 Asian Paints Ltd 4.00 IndusInd Bank Ltd 3.48 Union Bank Of India 3.45 Shoppers Stop Ltd 2.64 Nestle India Ltd 2.59 investment style Growth value Blend Large Cap Mid Cap Small Cap Diversified Thematic Sector SIP Performance SIP Period Investment Scheme S&P CNX Nifty OutPerformance Current Value Returns Current Value Returns Current Value Returns (`) (%) (`) (%) (`) (%) One Year 12,000 12, % 12, % % Since Inception 17,000 18, % 17, % 1, % Inception Date 14-Sep Investment date is taken to be 5th of the month 2. The calculations are based on the growth plan NAVs. 3. Past performance may or may not be sustained in the future. Kewal Kiran Clothing Ltd 2.53 Jagran Prakashan Ltd 2.50 Allahabad Bank 2.17 Titan Industries Ltd 2.14 Phoenix Mills Ltd 2.13 Page Industries Ltd 2.12 Hindustan Media Ventures Ltd 2.07 Pantaloon Retail (India) Ltd 2.06 Career Point Infosystems Ltd 2.01 Jubilant Foodworks Ltd 1.71 Indian Bank 1.64 DB Corp Ltd 1.44 Zydus Wellness Ltd 1.29 Mahindra Holidays & Resorts India Ltd 1.15 Pidilite Industries Limited 0.92 PVR Ltd 0.77 Onmobile Global Ltd 0.72 Motilal Oswal Financial Services Ltd 0.53 Provogue (India) Ltd 0.33 Zee Entertainment Enterprises Ltd 0.30 Sub Total CBLO HDFC Bank Ltd 1.56 Sub Total Net Current Assets 1.11 sector allocation MMI & Others Other Equity Retailing Textile Products Media & Entertainment Consumer Non Durables Banks 7.46% 4.70% 4.98% 11.11% 11.73% 19.51% Equities 80.49% 19.51% 40.51% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% Monthly Connect January

6 Canara Robeco Infrastructure Category: Open Ended Equity Scheme Scheme Objective: To generate income / capital appreciation by investing in equities and equity related instruments of companies in the infrastructure sector. Avg AUM : ` crores NAV: Growth Option: ` Dividend Option: ` Date of Allotment: December 2, 2005 Equity and equity related instruments of companies in the Infrastructure sector including derivatives of such companies: 75%- 100%. Domestic Debt and Money Market instruments: 0% - 25%. Lumpsum: ` 5000 in multiples of ` 1 thereafter. SIP/STP: For Monthly Frequency - ` 1,000 and in multiples of ` 1 thereafter. For Quarterly Frequency -` 2,000 and in multiples of ` 1 thereafter. Plans / Options: Growth Option, Dividend Option - Dividend Reinvestment, Dividend payout. Exit Load: Lumpsum / SWP / SIP / STP : 1% - If redeemed/ switched out within 1 year from the date of allotment, N i l - i f redeemed/switched out after 1 year from the date of allotment. Benchmark: BSE 100 Fund Manager: Mr. Anand Shah Total Experience: 11 Years In Managing this Fund: 2 Years 9 Months Canara Robeco Infrastructure captures the opportunity created by huge growth in capital formation in the economy, through a predominantly large-cap oriented portfolio. The fund follows a thematic approach towards Infrastructure with a Growth style of investing. The fund has a bias towards concentrated holdings on high conviction ideas. Scheme BSE 100 Last 6 Months Last 1 Year Last 3 Years Last 5 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than a (or equal to) a year and absolute basis for Inception Date: December 2, 2005 Standard Deviation Portfolio Beta 1.02 Portfolio Turnover Ratio 1.06 times R-Squared 0.97 Sharpe Ratio Risk Free Rate of Return : 7.55% (364D T-Bill yield as of Jan 31, 2011) portfolio Name of the Instruments % to NAV Listed Reliance Industries Ltd 5.79 Bharti Airtel Ltd 5.40 NTPC Ltd 4.76 Bharat Heavy Electricals Ltd 4.64 GAIL (India) Ltd 4.46 Power Grid Corporation Of India Ltd 4.17 Coal India Ltd 3.92 Phoenix Mills Ltd 3.27 ACC Ltd 3.15 VA Tech Wabag Ltd 3.08 Oil India Ltd 2.95 Oil & Natural Gas Corporation Ltd 2.90 Tata Power Company Ltd 2.66 investment style Growth value Blend Large Cap Mid Cap Small Cap Diversified Thematic Sector Sadbhav Engineering Ltd 2.62 Alstom Projects India Ltd 2.48 Bank Of Baroda 2.47 Bharat Electronics Ltd 2.46 Ultratech Cement Ltd 2.18 Gujarat Alkalies & Chemicals Ltd 1.96 Ambuja Cements Ltd 1.92 Grasim Industries Ltd 1.88 State Bank Of India 1.87 Ashoka Buildcon Ltd 1.85 Bharat Petroleum Corporation Ltd 1.57 Orient Paper & Industries Ltd 1.29 Container Corporation Of India Ltd 1.29 Mahindra Holidays & Resorts India Ltd 1.26 ABG Infralogistics Ltd 1.14 Madras Cements Ltd 1.03 HeidelbergCement India Ltd 1.00 Torrent Power Ltd 0.84 Gujarat Industries Power Co Ltd 0.81 Sub Total CBLO HDFC Bank Ltd 0.85 Sub Total Net Current Assets 1.85 Others 0.23 sector allocation MMI & Others Other Equity Construction Petroleum Products Industrial Capital Goods Cement Power 5.89% 7.36% 10.72% 12.45% 13.24% 16.93% 33.41% 0.00% 10.00% 20.00% 30.00% 40.00% 16.93% SIP Performance SIP Period Investment Scheme BSE 100 OutPerformance Current Value Returns Current Value Returns Current Value Returns (`) (%) (`) (%) (`) (%) One Year 12,000 11, % 11, % (222) -2.99% Three Years 36,000 45, % 45, % % Five Years 60,000 81, % 78, % 3, % Since Inception 62,000 85, % 82, % 3, % Inception Date 2-Dec Investment date is taken to be 5th of the month 2. The calculations are based on the growth plan NAVs. 3. Past performance may or may not be sustained in the future. Equities 83.07% 6 Monthly Connect January 2011

7 Canara Robeco equity tax saver Category: Open Ended Equity Linked Tax Saving Scheme Scheme Objective: ELSS seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, Avg AUM : ` crores NAV: Growth Option: ` Dividend Option: ` Date of Allotment: March 31, 1993 Equity and equity related instruments : 80% - 100%. Money Market instruments : 0% - 20%. Lumpsum : ` 500 in multiples of ` 1 thereafter. SIP/STP : For Monthly Frequency - ` 500 and in multiples of ` 1 thereafter. For Quarterly Frequency - ` 1000 and in multiples of ` 1 thereafter. Plans / Options: Growth Option, Dividend Option - Reinvestment & payout. Exit Load: Nil Benchmark: BSE 100 Fund Manager: Mr. Anand Shah Total Experience: 11 Years In Managing this Fund: 2 Years 4 Month. Scheme BSE 100 Last 6 Months Last 1 Year Last 3 Years Last 5 Years Last 10 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than a (or equal to) a year and absolute basis for Inception Date: March 31, 1993 Standard Deviation Portfolio Beta 0.93 Portfolio Turnover Ratio 1.04 times R-Squared 0.96 Sharpe Ratio 0.18 Risk Free Rate of Return : 7.55% (364D T-Bill yield as of Jan 31, 2011) portfolio Name of the Instruments % to NAV Listed Bharti Airtel Ltd 6.21 HDFC Bank Ltd 5.55 Reliance Industries Ltd 4.76 Infosys Technologies Ltd 3.17 NTPC Ltd 3.12 I T C Ltd 2.77 ACC Ltd 2.64 GAIL (India) Ltd 2.63 Bharat Heavy Electricals Ltd 2.62 Bank Of Baroda 2.55 State Bank Of India 2.51 Tata Power Company Ltd 2.33 Oil India Ltd 2.13 Sun TV Network Ltd 2.12 Hindustan Media Ventures Ltd 2.07 Coal India Ltd 2.06 Power Grid Corporation Of India Ltd 2.04 VA Tech Wabag Ltd 2.01 Tata Consultancy Services Ltd 2.00 Oracle Financial Services Software Ltd 1.96 Cadila Healthcare Ltd 1.82 Sadbhav Engineering Ltd 1.76 Ultratech Cement Ltd 1.63 Phoenix Mills Ltd 1.58 Ambuja Cements Ltd 1.58 Torrent Pharmaceuticals Ltd 1.54 Exide Industries Ltd 1.51 Jubilant Life Sciences Ltd 1.48 Godrej Consumer Products Ltd 1.47 Nestle India Ltd 1.43 Jubilant Foodworks Ltd 1.42 Bharat Petroleum Corporation Ltd 1.36 Career Point Infosystems Ltd 1.18 United Phosphorous Ltd 1.17 Colgate Palmolive (India) Ltd 1.07 Bajaj Auto Ltd 1.02 IPCA Laboratories Ltd 0.98 Mahindra Holidays & Resorts India Ltd 0.97 Zee Entertainment Enterprises Ltd 0.92 IndusInd Bank Ltd 0.90 Ashoka Buildcon Ltd 0.86 Divi s Laboratories Ltd 0.84 Union Bank Of India 0.76 DQ Entertainment (INTL) Ltd 0.72 Persistent Systems Ltd 0.60 Piramal Healthcare Ltd 0.57 Pantaloon Retail (India) Ltd 0.56 Gujarat Industries Power Co Ltd 0.36 Pantaloon Retail (I) Ltd Class B (Series1) 0.23 Piramal Life Sciences Ltd 0.20 Sub Total CBLO HDFC Bank Ltd 0.86 Sub Total Net Current Assets Others 0.16 Canara Robeco Equity Tax Saver is an ELSS with a 3 year lock-in period providing Tax Benefits under Sec 80 C of Income Tax Act. The fund benefits from long term investing due to its lock-in and has a balanced portfolio of large and mid cap stocks with a Growth style of investing. investment style Growth value Blend Large Cap Mid Cap Small Cap Diversified Thematic Sector SIP Performance SIP Period Investment Scheme BSE 100 OutPerformance Current Value Returns Current Value Returns Current Value Returns (`) (%) (`) (%) (`) (%) One Year 12,000 12, % 11, % % Three Years 36,000 53, % 45, % 8, % Five Years 60,000 98, % 78, % 19, % Seven Years 84, , % 145, % 43, % Ten Years 120, , % 346, % 85, % Since Inception 205,000 1,044, % 827, % 217, % Inception Date 31-Mar Investment date is taken to be 5th of the month 2. The calculations are based on the growth plan NAVs. 3. Past performance may or may not be sustained in the future. sector allocation MMI & Others Other Equity Pharmaceuticals Power Consumer Non Durables Software Banks 10.26% 7.43% 7.85% 8.16% 8.91% 12.27% 10.26% Equities 89.74% 45.12% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% Monthly Connect January

8 Canara Robeco EMERGING equities Category: Open Ended Equity Scheme. Scheme Objective: To generate capital appreciation by primarily investing in diversified mid-cap stocks Avg AUM : ` crores NAV: Growth Option: ` Dividend Option: ` Bonus Option: ` Date of Allotment: March 11, 2005 Mid & Small Cap equity and equity related instruments: 65%-100%. Equity & equity related instruments of Companies other than the above: 0% - 35%. Domestic Debt and : 0% - 35%. Lumpsum : ` 5,000 in multiples of ` 1 thereafter. SIP/STP : For Monthly Frequency - ` 1000 and in multiples of ` 1 thereafter. For Quarterly Frequency - ` 2000 and in multiples of ` 1 thereafter. Plans / Options: Growth Option, Growth Option with Automatic Repurchase. Dividend Option - Dividend Reinvestment, Dividend Payout. Bonus Option. Exit Load: Lumpsum / SWP / SIP / STP : 1% - if redeemed / switched out within 1 years from the date of allotment, Nil if redeemed / switched out after 1 years from the date of allotment. Benchmark: CNX Mid Cap Fund Manager: Mr. Anand Shah Total Experience: 11 Years In Managing this Fund: 6 Months Canara Robeco Emerging Equities provides a portfolio of well diversified growth oriented companies within small & mid cap universe. The fund endeavors to identify the stars of tomorrow within the segment. Scheme CNX Mid Cap Last 6 Months Last 1 Year Last 3 Years Last 5 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than a (or equal to) a year and absolute basis for Inception Date: March 11, 2005 Standard Deviation Portfolio Beta 1.04 Portfolio Turnover Ratio 1.1 times R-Squared 0.96 Sharpe Ratio 0.01 Risk Free Rate of Return : 7.55% (364D T-Bill yield as of Jan 31, 2011) portfolio Name of the Instruments % to NAV Listed Torrent Pharmaceuticals Ltd 4.74 Page Industries Ltd 4.59 Jubilant Foodworks Ltd 4.35 Vardhman Textiles Ltd 4.31 HT Media Ltd 3.78 Hindustan Media Ventures Ltd 3.28 Orient Paper & Industries Ltd 3.17 Gujarat Alkalies & Chemicals Ltd 2.95 Birla Corporation Ltd 2.93 Alstom Projects India Ltd 2.85 Gujarat Industries Power Co Ltd 2.70 Zydus Wellness Ltd 2.65 Sadbhav Engineering Ltd 2.61 Jubilant Life Sciences Ltd 2.51 IPCA Laboratories Ltd 2.46 investment style Growth value Blend Large Cap Mid Cap Small Cap Shoppers Stop Ltd 2.46 Persistent Systems Ltd 2.42 VA Tech Wabag Ltd 2.34 Phoenix Mills Ltd 2.33 Dabur India Ltd 2.17 Career Point Infosystems Ltd 2.07 Dishman Pharmaceuticals & Chemicals Ltd 2.00 Glaxosmithkline Pharmaceuticals Ltd 1.86 Mahindra Holidays & Resorts India Ltd 1.77 Marico Ltd 1.71 Navneet Publications (India) Ltd 1.64 Coromandel International Ltd 1.51 Onmobile Global Ltd 1.45 Info Edge (India) Ltd 1.40 Madras Cements Ltd 1.20 Federal Bank Ltd 0.99 Motherson Sumi Systems Ltd 0.98 Shree Cement Ltd 0.97 Piramal Life Sciences Ltd 0.89 HeidelbergCement India Ltd 0.78 ABG Infralogistics Ltd 0.64 Sub Total CBLO Sub Total Net Current Assets 1.11 Others 0.31 sector allocation MMI & Others Other Equity Software Media & Entertainment Cement Consumer Non Durables Pharmaceuticals 5.89% 7.06% 9.05% 12.52% 16.54% 14.46% 34.48% 0.00% 10.00% 20.00% 30.00% 40.00% 16.54% Diversified Thematic Sector SIP Performance SIP Period Investment Scheme CNX Mid Cap OutPerformance Current Value Returns Current Value Returns Current Value Returns (`) (%) (`) (%) (`) (%) One Year 12,000 12, % 11, % % Three Years 36,000 54, % 49, % 4, % Five Years 60,000 85, % 85, % % Since Inception 70, , % 108, % (2,511) -0.80% Inception Date 11-Mar Investment date is taken to be 5th of the month 2. The calculations are based on the growth plan NAVs. 3. Past performance may or may not be sustained in the future. Equities 83.46% 8 Monthly Connect January 2011

9 Canara Robeco nifty index Category: Open Ended Nifty Linked equity scheme Scheme Objective: To generate income/capital appreciation by investing in companies whose securities are included in the S & P CNX Nifty. Avg AUM : ` 5.55 crores NAV: Growth Option: ` Dividend Option: ` Date of Allotment: October 8, 2004 Equities covered by the Nifty in the same percentage weightage as in the Nifty (including exchange - traded equity derivatives on the S&P CNX Nifty) : 90% - 100%., including call : 0%-10%. Lumpsum : ` 5,000 in multiples of ` 1 thereafter. SIP/STP : For Monthly Frequency - ` 1000 and in multiples of ` 1 thereafter. For Quarterly Frequency - ` 2000 and in multiples of ` 1 thereafter. Plans / Options: Growth Option, Dividend Option - Dividend Reinvestment & Dividend Payout. Exit Load: Lumpsum / SWP / SIP/ STP : 1% if redeemed/ switched out within 1 year from the date of allotment, Nil if redeemed / switched out after 1 years from the date of allotment. Benchmark: S & P CNX Nifty Fund Manager: Mr. Anand Shah Total Experience: 11 Years In Managing this Fund: 6 Month. Canara Robeco Nifty Index is an index fund following passive style of investing by tracking S&P Nifty. Scheme S&P CNX Nifty Last 6 Months Last 1 Year Last 3 Years Last 5 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than a (or equal to) a year and absolute basis for Inception Date: October 8, 2004 Standard Deviation 5.01 Portfolio Beta 0.99 Portfolio Turnover Ratio 0.08 times R-Squared 0.99 Sharpe Ratio 0.34 Risk Free Rate of Return : 7.55% (364D T-Bill yield as of Jan 31, 2011) portfolio Name of the Instruments % to NAV Listed Reliance Industries Ltd 9.26 Infosys Technologies Ltd 8.94 ICICI Bank Ltd 6.98 Larsen & Toubro Ltd 5.20 I T C Ltd 5.10 HDFC Ltd 4.84 HDFC Bank Ltd 4.32 State Bank Of India 4.05 Tata Consultancy Services Ltd 3.51 Oil & Natural Gas Corporation Ltd 2.36 Tata Steel Ltd 2.32 Bharti Airtel Ltd 2.32 Tata Motors Ltd 2.28 Bharat Heavy Electricals Ltd 2.09 Axis Bank Ltd 1.89 Mahindra & Mahindra Ltd 1.88 Hindalco Industries Ltd 1.78 Hindustan Unilever Ltd 1.69 Sterlite Industries (India) Ltd 1.55 Jindal Steel & Power Ltd 1.53 NTPC Ltd 1.44 Wipro Ltd 1.31 GAIL (India) Ltd 1.26 Dr. Reddys Laboratories Ltd 1.22 Tata Power Company Ltd 1.20 Cipla Ltd 1.00 Bajaj Auto Ltd 1.00 Maruti Suzuki India Ltd 0.99 Sun Pharmaceutical Industries Ltd 0.99 Infrastructure Development Finance Company Ltd 0.93 Hero Honda Motors Ltd 0.93 Punjab National Bank 0.88 Cairn India Ltd 0.84 Power Grid Corporation Of India Ltd 0.81 Kotak Mahindra Bank Ltd 0.80 Siemens India Ltd 0.77 Sesa Goa Limited 0.74 HCL Technologies Ltd 0.69 Ambuja Cements Ltd 0.61 ACC Ltd 0.60 Reliance Infrastructure Ltd 0.59 Jaiprakash Associates Ltd 0.57 Steel Authority Of India Ltd 0.56 Ranbaxy Laboratories Ltd 0.49 Reliance Communications Ltd 0.49 DLF Ltd 0.48 Bharat Petroleum Corporation Ltd 0.47 Reliance Power Ltd 0.44 Reliance Capital Ltd 0.35 Suzlon Energy Ltd 0.21 Sub Total CBLO 2.43 Sub Total 2.43 Net Current Assets 0.02 sector allocation MMI & Others Other Equity Finance Auto Petroleum Products Software Banks 2.45% 6.12% 7.08% 9.73% 14.45% 18.92% 2.45% Equities 97.55% 41.25% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% Monthly Connect January

10 Canara Robeco Large Cap+ Fund Category: Open Ended Equity Scheme Scheme Objective: The Investment Objective of the fund is to provide capital appreciation by predominantly investing in companies having a large market capitalization. However, there can be no assurance that the investment objective of the scheme will be realized. Avg AUM : ` crores NAV: Growth Option: ` Dividend Option: ` Date of Allotment: August 21, 2010 Large Cap equity and equity related Instruments: 65% - 100%. Domestic Debt and Money Market Instruments (including securitized debt up to 10% of Avg AUM ): 0%- 35%. Lumpsum: ` 5,000 in multiples of ` 1 thereafter. Subsequent purchases: Minimum amount of ` 1, and multiples of ` 1.00 thereafter. SIP/STP: For Monthly Frequency - ` 1000 and in multiples of ` 1 thereafter. For Quarterly Frequency- ` 2000 and in multiples of ` 1 thereafter. Plans / Options: Growth Option, Dividend Option - Dividend Reinvestment & Dividend Payout. Exit Load: Lumpsum / SWP / SIP/ STP : 1% for all amounts if redeemed / switched-out within 1 year from the date of allotment. Nil if redeemed / switched-out after 1 year from the date of allotment. Benchmark: BSE 100 Fund Manager: Mr. Anand Shah Total Experience: 11 Years In Managing this Fund: 5 Months. Canara Robeco Large Cap+ is an open ended fund which will invest in Top 150 companies based on their Market capitalization. The fund aims to benefit from the growing Indian economy by investing in large cap stocks as they have a potential to grow in tandem with Indian economy. The fund will also utilize the inputs from the internal quant model which will act as an idea generator Scheme BSE 100 Last 6 Months - - Last 1 Year - - Last 3 Years - - Last 5 Years - - Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than a (or equal to) a year and absolute basis for Inception Date: August 21, 2010 Standard Deviation - Portfolio Beta - Portfolio Turnover Ratio 1.53 times R-Squared - Sharpe Ratio - portfolio Name of the Instruments % to NAV Listed Reliance Industries Ltd 6.95 HDFC Bank Ltd 6.59 Bharti Airtel Ltd 5.72 NTPC Ltd 5.06 Infosys Technologies Ltd 4.36 I T C Ltd 3.66 Bharat Heavy Electricals Ltd 3.55 ACC Ltd 3.34 GAIL (India) Ltd 3.19 Power Grid Corporation Of India Ltd 2.94 Bank Of Baroda 2.76 Nestle India Ltd 2.64 Sun TV Network Ltd 2.62 Asian Paints Ltd 2.58 Tata Power Company Ltd 2.49 Tata Consultancy Services Ltd 2.45 Cadila Healthcare Ltd 2.44 Coal India Ltd 2.43 Ambuja Cements Ltd 2.15 Exide Industries Ltd 2.10 Ultratech Cement Ltd 2.09 Punjab National Bank 2.07 Idea Cellular Ltd 1.66 Oil & Natural Gas Corporation Ltd 1.62 Oil India Ltd 1.60 Glaxosmithkline Pharmaceuticals Ltd 1.51 Indian Oil Corporation Ltd 1.48 State Bank Of India 1.40 Bajaj Auto Ltd 0.99 Bharat Electronics Ltd 0.92 Oracle Financial Services Software Ltd 0.81 Sub Total CBLO HDFC Bank Ltd 0.79 Sub Total Net Current Assets 1.45 sector allocation MMI & Others Other Equity Software Petroleum Products Consumer Non Durables Power Banks 7.62% 8.43% 8.88% 10.49% 12.82% 13.83% Equities 86.17% 13.83% 37.93% 0.00% 10.00% 20.00% 30.00% 40.00% 10 Monthly Connect January 2011

11 Canara Robeco balance Category: Open Ended Balance Scheme Scheme Objective: To seek to generate long term capital appreciation and / or income from a portfolio constituted of equity and equity related securities as well as fixed income securities (debt and money market securities). Avg AUM : ` crores NAV: Growth Option: ` Dividend Option: ` Date of Allotment: February 1, 1993 Equity and equity related instruments : 40% - 75%. Debt securities including Securitized debt having rating above AA or equivalent, Money Market Instruments & Govt. Securities : 25% - 60%. Lumpsum : ` 5,000 in multiples of ` 1 thereafter. NRI/FII/OCBs: ` 50,000 & in multiples of ` 1,000. Corporates/Trusts & Institutional Investors : ` 50,000 & in multiples of ` 10,000. SIP / STP : For Monthly Frequency - ` 1000 and in multiples of ` 1 thereafter. For Quarterly Frequency - ` 2000 and in multiples of ` 1 thereafter. Plans / Options: Growth Option, Dividend Option - Reinvestment & Payout. Exit Load: Lumpsum/SWP/SIP/STP : 1% - if redeemed / switched out within 1 year from the date of allotment, Nil if redeemed / switched out after 1 year from the date of allotment. Benchmark: Crisil Balanced Fund Index Fund Manager: 1) Mr. Anand Shah 2) Ms. Suman Prasad Total Experience: 1) 11 Years 2) 12 Years In Managing this Fund: 1) 6 Months 2) 2 Month Canara Robeco Balance aims to generating longterm capital appreciation through a prudent mix of equity and debt portfolio, making more suitable for the average investor as it takes away the burden of focusing on asset allocation between equity & debt. The fund invests in a careful blend of select stocks and debt securities which effectively spreads the risk. Scheme Crisil Balanced Fund Index Last 6 Months Last 1 Year Last 3 Years Last 5 Years Last 10 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than a (or equal to) a year and absolute basis for Inception Date: February 1, 1993 Standard Deviation 3.03 Portfolio Beta 0.77 Portfolio Turnover Ratio 1.74 times R-Squared 0.82 Sharpe Ratio 0.56 Risk Free Rate of Return : 7.55% (364D T-Bill yield as of Jan 31, 2011) portfolio Name of the Instruments % to NAV Listed HDFC Bank Ltd 4.01 Bharti Airtel Ltd 3.40 NTPC Ltd 2.82 Bharat Heavy Electricals Ltd 2.53 Sun TV Network Ltd 2.37 Hindustan Media Ventures Ltd 2.34 Torrent Pharmaceuticals Ltd 2.28 Coal India Ltd 2.28 Power Grid Corporation Of India Ltd 2.16 I T C Ltd 2.09 Bank Of Baroda 1.98 Tata Power Company Ltd 1.93 ACC Ltd 1.92 investment style Growth value Blend Large Cap Mid Cap Small Cap Diversified Thematic Sector SIP Performance SIP Period Investment Scheme Crisil Balanced Fund Index OutPerformance Current Value Returns Current Value Returns Current Value Returns (`) (%) (`) (%) (`) (%) One Year 12,000 12, % 12, % (70) -0.96% Three Years 36,000 47, % 43, % 4, % Five Years 60,000 84, % 77, % 7, % Seven Years 84, , % 130, % 29, % Ten Years 120, , % Since Inception 218, , % Inception Date 1-Feb Investment date is taken to be 5th of the month 2. The calculations are based on the growth plan NAVs. 3. Past performance may or may not be sustained in the future. Ambuja Cements Ltd 1.88 Tata Consultancy Services Ltd 1.86 State Bank Of India 1.84 Phoenix Mills Ltd 1.79 GAIL (India) Ltd 1.72 IPCA Laboratories Ltd 1.63 Godrej Consumer Products Ltd 1.56 Oil India Ltd 1.48 Infosys Technologies Ltd 1.46 VA Tech Wabag Ltd 1.43 Vardhman Textiles Ltd 1.42 Mahindra Holidays & Resorts India Ltd 1.41 Bharat Petroleum Corporation Ltd 1.40 Cadila Healthcare Ltd 1.33 Pantaloon Retail (I) Ltd Class B (Series1) 1.25 Jubilant Life Sciences Ltd 1.23 Asian Paints Ltd 1.07 Ultratech Cement Ltd 1.03 Bajaj Auto Ltd 1.00 Zee Entertainment Enterprises Ltd 0.91 Nestle India Ltd 0.89 Oil & Natural Gas Corporation Ltd 0.84 Glaxosmithkline Pharmaceuticals Ltd 0.78 United Phosphorous Ltd 0.78 Onmobile Global Ltd 0.55 Piramal Healthcare Ltd 0.55 Coromandel International Ltd 0.54 Federal Bank Ltd 0.52 DQ Entertainment (INTL) Ltd 0.06 Sub Total Debt Instruments LIC Housing Finance Ltd 5.54 ICICI Bank Ltd 2.97 HDFC Ltd 2.90 Indian Railway Finance Corporation Ltd 2.84 ICICI Securities Primary Dealership Ltd 2.82 Indian Oil Corporation Ltd 2.77 Sub Total Treasury Bills CBLO 1.50 HDFC Bank Ltd 0.71 Sub Total Net Current Assets 0.21 Other Asset 0.09 sector allocation 13.84% Equities 66.32% MMI & Others Other Equity Consumer Non Durables Media & Entertainment Power Pharmaceuticals Banks 5.61% 5.68% 6.91% 7.80% 8.35% 33.68% 31.97% 0.00% 10.00% 20.00% 30.00% 40.00% Debt Instruments 19.84% Monthly Connect January

12 Canara Robeco monthly income plan 5 Category: Open Ended Debt Scheme Scheme Objective: To generate Income by investing in Debt instruments, MMI and small portion in equity. Avg AUM : ` crores NAV: Growth Option: ` Dividend - Monthly: ` Dividend - Quarterly: ` Date of Allotment: April 24, 1988 Equity and equity related instruments : 10% - 25%. Debt securities (including Securitized debt) with : 75% - 90%. Lumpsum : ` 5,000 in multiples of ` 1 thereafter. SIP/STP : For Monthly Frequency - ` 1000 and in multiples of ` 1 thereafter. For Quarterly Frequency - ` 2000 and in multiples of ` 1 thereafter. Plans / Options: Growth Option, Growth Option with automatic repurchase. Dividend Option - Monthly - Reinvestment & Payout. Quarterly - Reinvestment & Payout. Exit Load: Lumpsum / SWP / SIP/STP : 1% - if redeemed/switched out within 1 year from the date of allotment. Nil if redeemed / switched out after 1 years from the date of allotment. Benchmark: Crisil MIP Blended Index Fund Manager: 1) Mr. Anand Shah 2) Ms. Suman Prasad Total Experience: 1) 11 Years 2) 12 Years In Managing this Fund: 1) 6 Months 2) 2 Month Canara Robeco Monthly Income Plan is a debt oriented hybrid fund which aims to generate consistent income and stable performance with a small participation to equity investments. Scheme Crisil MIP Blended Index Last 6 Months Last 1 Year Last 3 Years Last 5 Years Last 10 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than a (or equal to) a year and absolute basis for Inception Date: April 24, 1988 Quantitative Information Yield To Maturity 9.23% Modified Duration 0.68 Years Average Maturity Yrs 0.85 Years maturity profile % Allocation 0 to 3 Months 39.76% 3 to 6 Months 13.80% 6 to 12 Months 8.97% 1-2 years 15.94% Greater than 2 years 6.79% portfolio Name of the Instruments % to NAV Debt Instruments Small Industries Development Bank Of India 6.72 LIC Housing Finance Ltd 6.60 ICICI Securities Primary Dealership Ltd 5.38 LIC Housing Finance Ltd 3.96 The Great Eastern Shipping Company Ltd 2.80 Reliance Capital Ltd 2.61 HDFC Ltd 1.38 Equities Listed Tata Consultancy Services Ltd 0.69 HDFC Bank Ltd 0.67 Bharat Heavy Electricals Ltd 0.64 NTPC Ltd 0.62 GAIL (India) Ltd 0.57 Power Grid Corporation Of India Ltd 0.55 Coal India Ltd 0.53 Bharti Airtel Ltd 0.52 Infosys Technologies Ltd 0.51 Sun TV Network Ltd 0.49 Reliance Industries Ltd 0.49 Jubilant Foodworks Ltd 0.45 Union Bank Of India 0.43 Tata Power Company Ltd 0.43 Hindustan Media Ventures Ltd 0.42 Godrej Consumer Products Ltd 0.38 ACC Ltd 0.38 Sadbhav Engineering Ltd 0.35 Ultratech Cement Ltd 0.35 Ambuja Cements Ltd 0.34 Torrent Pharmaceuticals Ltd 0.33 Grasim Industries Ltd 0.31 Cadila Healthcare Ltd 0.27 Asian Paints Ltd 0.26 Jubilant Life Sciences Ltd 0.26 Nestle India Ltd 0.23 Colgate Palmolive (India) Ltd 0.22 IndusInd Bank Ltd 0.21 Divi s Laboratories Ltd 0.21 Jagran Prakashan Ltd 0.21 Career Point Infosystems Ltd 0.21 Glaxosmithkline Pharmaceuticals Ltd 0.19 Vardhman Textiles Ltd 0.08 Edelweiss Capital Ltd Union Bank Of India 6.58 Infrastructure Development Finance Co. Ltd 6.30 Aircel Ltd 5.33 Bajaj Auto Finance Ltd 4.88 Religare Finvest Ltd 2.69 Indian Bank 2.68 Tata Capital Ltd 2.67 HDFC Bank Ltd 0.43 Investment In Mutual Fund Units 0.18 Canara Bank 0.06 TREASURY BILLS 6.75 CBLO 1.33 Other Current Assets 1.73 Others 0.04 rating profile Sovereign 6.75% AA+ & Equivalent 7.56% AAA & Equivalent 35.75% CBLO/ Net Current Assets 3.27% P1+ & Equivalent 28.55% P1 & Equivalent 5.33% Equity CBLO & Net Current Assets 12.80% 3.27% CDs 9.26% T-bills 6.75% CPs % FDs 0.49 % NCD/Bonds 43.31% 12 Monthly Connect January 2011

13 Canara Robeco InDiGo (INcome from Debt Instruments & GOld) FUND Category: Open Ended Debt Scheme SCHEME OBJECTIVE: To generate income from a portfolio constituted of debt & money market securities along with investments in Gold ETFs. Avg AUM : ` crores NAV: Growth Option: ` Dividend Option: ` DATE OF ALLOTMENT: July 9, 2010 ASSET ALLOCATION: Indian Debt & :65-90% Gold ETFs:10-35% MINIMUM INVESTMENT: Lumpsum : ` 5,000 in multiples of ` 1 thereafter. SIP/STP : For Monthly Frequency - ` 1000 and in multiples of ` 1 thereafter. For Quarterly Frequency - ` 2000 and in multiples of ` 1 thereafter. PLANS / OPTIONS : Growth Option Dividend Option - Quarterly - Reinvestment & Payout. CUT-OFF TIME: 3.00 p.m. ENTRY LOAD: Nil EXIT LOAD: Lumpsum / SWP / SIP/STP : 1% - if redeemed/switched out within 1 year from the date of allotment. Nil if redeemed / switched out after 1 years from the date of allotment. BENCHMARK: Canara Robeco Blended Gold Index* FUND MANAGER: Mr. Ritesh Jain TOTAL EXPERIENCE: 11 Years In Managing this Fund: 6 Months The fund provides a unique combination of Debt and Gold (through Gold ETFs) in one fund and aims to capture the seasonal patterns in Gold to provide alpha to the portfolio by actively managing the asset allocation. The fund acts as a portfolio diversifier and also provides a blend of accrual & capital appreciation to its investors. The fund through its Gold investment aims to generate additional yield without taking additional duration risk or credit risk on the fixed income portfolio. Retail Plan Scheme Gold India Last 6 Months - - Last 1 Year - - Since Inception Canara Robeco Blended Gold Index* The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than a (or equal to) a year and absolute basis for Inception Date: July 9, 2010 Quantitative Information Yield To Maturity 9.68% Modified Duration 0.43 Years Average Maturity Yrs 0.47 Years maturity profile % Allocation Net Current Assets -1.10% 0 to 3 Months 14.25% 3 to 6 Months 41.12% 6 to 12 Months 2.26% 1-2 years 11.33% portfolio Name of the Instruments rating profile * Canara Robeco Blended Gold Index is a composite index of the Gold Index and CRISIL Short term Bond Fund Index computed by CRISIL Limited for the purpose of benchmarking the performance of Canara Robeco InDiGo Fund. The Index shall not be copied, transmitted or distributed for any commercial use. Credit Rating mfa1+debt indicates that the debt portion has the lowest credit risk in the short term and provides highest protection against credit losses. The rating does not address the risks in the non debt portion of the portfolio maintained by the scheme. The rating should not be construed as an indication of the prospective performance or the volatility in the returns of the scheme. Rating Debt Instruments LIC Housing Finance Ltd 5.89 Infrastructure Development Finance Co.Ltd 5.44 Investment In Mutual Fund Units Benchmark Mutual Fund Kotak Mutual Fund JM Financial Products Pvt Ltd 7.03 The Indian Hotels Company Ltd 5.98 Punjab National Bank 5.96 State bank Of Hyderabad 5.86 Punjab & Sind Bank 5.86 HDFC Ltd 5.86 Religare Finvest Ltd 5.85 IDBI Bank Ltd 3.52 Kotak Mahindra Investments Ltd 2.39 Sundaram Finance Ltd 2.34 Aircel Ltd 1.90 Bank Of India 1.20 LIC Housing Finance Ltd 1.16 Axis Bank Ltd 1.11 CBLO 1.61 Other Current Assets GRAND TOTAL ( NET ASSET) Investment in Gold ETF s 32.14% P1 & Equivalent 1.90% CBLO & Net Current Assets 0.51% Investment in Gold ETF s 32.14% NCD/Bonds 18.47% mfa1+debt by ICRA AAA & Equivalent 12.48% AA+ & Equivalent 5.98% P1+ & Equivalent 46.99% CBLO & Net Current Assets 0.51% CDs 23.51% CPs 25.37% Monthly Connect January

14 Canara Robeco gilt pgs Category: Open Ended Gilt Scheme Scheme Objective: To provide risk free return (except interest rate risk) and long term capital appreciation by investing only in Govt. Securities. Avg AUM : ` crores NAV: Growth Option: ` Dividend - Quarterly: ` Date of Allotment : December 29, 1999 Govt. Securities / Call Money : 0% - 100%. Scheme I-Sec-Li-Bex Last 6 Months Last 1 Year Last 3 Years Last 5 Years Last 10 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than (or equal to) a year and simple annualised basis for Inception Date: December 29, 1999 rating profile CBLO & Net Current Assets 87.72% Sovereign 12.28% Lumpsum : ` 5,000 in multiples of ` 1 thereafter. SIP/STP : For Monthly Frequency - ` 1000 and in multiples of ` 1 thereafter. For Quarterly Frequency - ` 2000 and in multiples of ` 1 thereafter. Plans / Options: Growth Option, Growth Option with Automatic Repurchase. Dividend Option - Reinvestment & Payout. Yield To Maturity 6.77% Modified Duration 1.08 Years Average Maturity Yrs 1.76 Years G-Sec 12.28% Exit Load: Lumpsum / SWP / SIP/STP : 0.5% - if redeemed/ switched out within 6 months from the date of allotment, Nil if redeemed / switched out after 6 Months from the date of allotment. Benchmark: I-Sec-Li-Bex Fund Manager: Mr. Ritesh Jain Total Experience: 12 Years In Managing this Fund: 2 Year, 9 Months maturity profile % Allocation Net Current Assets 19.25% 0 to 3 Months 68.47% Greater than 2 years 12.28% portfolio CBLO/ Net Current Assets 87.72% Name of the Instruments Rating % to NAV Canara Robeco Gilt PGS invests in G-Secs of varying maturity issued by Reserve Bank of India (RBI). Being invested in sovereign papers, the fund does not expose its investors to Credit Risk as in the case of other bond funds. Government Securities 8.08% INDIA GOVERNMENT 02-AUG-22 Sovereign CBLO Other Current Assets Monthly Connect January 2011

15 Canara Robeco income Category: Open Ended Debt Scheme Scheme Objective: To generate income through investment in Debt and Money Market securities of different maturity and issuers of different risk profiles. Avg AUM : ` crores NAV: Growth Option: ` Dividend - Quarterly: ` Bonus Option: ` Date of Allotment: September 19, 2002 Debt (Including Securitised Debt) : 80% - 100%. / Call Money : 0% - 20%. Lumpsum : ` 5,000 in multiples of ` 1 thereafter. SIP/STP : For Monthly Frequency - ` 1000 and in multiples of ` 1 thereafter. For Quarterly Frequency - ` 2000 and in multiples of ` 1 thereafter. Plans / Options: Growth Option, Growth Option with Automatic Repurchase. Dividend Option - Dividend Reinvestment, Dividend Payout. Bonus Option. Exit Load: Lumpsum / SWP / SIP/STP : 0.5% - if redeemed/ switched out within 6 months from the date of allotment. Nil if redeemed / switched out after 6 Months from the date of allotment. Benchmark: CRISIL Composite Bond Fund Index Fund Manager: Mr. Ritesh Jain Total Experience: 11 Years In Managing this Fund: 2 Year, 8 Months Scheme CRISIL Composite Bond Fund Index Last 6 Months Last 1 Year Last 3 Years Last 5 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than a (or equal to) a year and absolute basis for Inception Date: September 19, 2002 Yield To Maturity 8.79% Modified Duration 2.76 Years Average Maturity Yrs 5.30 Years maturity profile % Allocation Net Current Assets 12.31% 0 to 3 Months 32.07% 3 to 6 Months 11.61% 6 to 12 Months 14.96% Greater than 2 years 29.05% portfolio rating profile Name of the Instruments Rating % to NAV Debt Instruments ICRA Mutual Fund Award 2011 Sovereign 17.04% P1 & Equivalent 6.64% G-Sec 17.04% CBLO/ Net Current Assets 16.13% NCD/Bonds 20.36% CPs 6.64% AAA & Equivalent 20.36% P1+ & Equivalent 39.83% CBLO & Net Current Assets % CDs 39.83% Indian Railway Finance Corporation Ltd AAA(CRISIL) Canara Robeco Income is an actively managed debt fund wherein the fund manager takes an active view of the interest rate movements by keeping a close watch on various parameters of the Indian economy as well as the developments in the global markets. Based on the interest rate view, the duration of the portfolio will be decided along with the asset allocation pattern between sovereign & corporate bonds. Punjab National Bank A1+(ICRA) Vijaya Bank PR1+(CARE) LIC Housing Finance Ltd AAA(CRISIL) 6.92 Aircel Ltd PR1(CARE) 6.64 IDBI Bank Ltd P1+(CRISIL) 4.41 IDBI Bank Ltd A1+(ICRA) 2.40 Central Bank Of India PR1+(CARE) 2.20 Power Finance Corporation Ltd LAAA(ICRA) 1.42 Government Securities 8.08% INDIA GOVERNMENT 02-AUG-22 Sovereign % GOI FRB MD :21-DEC-2020(TBILL 182) Sovereign % INDIA GOVERNMENT 02-AUG-27 Sovereign 2.37 CBLO 3.84 Other Current Assets Monthly Connect January

16 Canara Robeco dynamic bond fund mfaaa by ICRA Category: Open Ended Debt Scheme Scheme Objective: The objective of the Fund is to seek to generate income from a portfolio of debt and money market securities. Avg AUM : ` crores NAV: Retail - Growth Option: ` Retail - Dividend Option: ` Institutional - Growth Option: ` Institutional - Dividend Option: ` Date of Allotment: May 29, 2009 Government of India & Corporate Debt Securities (including Securitised Debt) : 0% - 70% : 30% - 100%. Lumpsum : Retail Plan - ` 5000/- under each option and in multiples of ` 1 thereafter. Institutional Plan - ` 1 crore under each option and in multiples of ` 1 thereafter. Plans / Options: Retail Plan - Growth Option, Growth Option with Automatic Repurchase. Dividend Option - Dividend Reinvestment,Dividend Payout. Institutional Plan - Growth Option,Growth Option with Automatic Repurchase. Dividend Option - Dividend Reinvestment, Dividend Payout. Exit Load: Lumpsum : Retail Plan and Institutional Plan - 1% - If redeemed / switched out within 4 months from the date ofallotment, Nil - if redeemed / switched out after 4 months from the date of allotment. Benchmark: CRISIL Composite Bond Fund Index Fund Manager: Mr. Ritesh Jain Total Experience: 11 Years In Managing this Fund: 1 Year 8 Months Canara Robeco Dynamic Bond Fund intends to invest and trade in G-secs and Corporate Debt by identifying mispriced opportunities & capturing volatility trends. The fund aims at generating Alpha through free-style duration management, allowing the fund to position the modified duration of the fund from 6 months to 10 years depending on interest rate view. Retail Plan Scheme CRISIL Composite Bond Fund Index Last 6 Months Last 1 Year Last 3 Years - - Last 5 Years - - Since Inception Institutional Plan Scheme CRISIL Composite Bond Fund Index Last 6 Months Last 1 Year Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than (or equal to) a year and simple annualised basis for Inception Date: May 29, 2009 Yield To Maturity 8.64% Modified Duration 0.07 Years Average Maturity Yrs 0.08 Years maturity profile % Allocation Net Current Assets 0.02% 0 to 3 Months 99.98% portfolio rating profile Name of the Instruments Rating % to NAV CPs 51.18% CBLO/ Net Current Assets 0.85% P1+ & Equivalent 99.15% CBLO & Net Current Assets 0.85% CDs 47.97% Utkal Alumina International Ltd PR1+(SO)(CARE) Oriental Bank Of Commerce P1+(CRISIL) Central Bank Of India PR1+(CARE) Edelweiss Capital Ltd P1+(CRISIL) Kotak Mahindra Investments Ltd A1+(ICRA) Karur Vysya Bank Ltd A1+(ICRA) CBLO 0.84 Other Current Assets Monthly Connect January 2011

17 Canara Robeco short term fund mfa1+ by ICRA Category: Open Ended Debt Scheme Scheme Objective: The objective of the Fund is to generate income from a portfolio constituted of short to medium term debt and money market securities. There is no assurance that the objective of the Fund will be realised and the Fund does not assure or guarantee any returns. Avg AUM : ` crores NAV: Retail - Growth Option: ` Dividend - Weekly: ` Dividend - Option: ` Institutional - Growth Option: ` Dividend - Option: ` Dividend - Weekly: ` Date of Allotment: March 31, 2009 : 60% - 100%. Government of India & Debt Securities (including Securitised Debt) : 0% - 40%. Lumpsum : Retail Plan - ` 5000/- under each option and in multiples of ` 1 thereafter. Institutional Plan - ` 1 crore under each option and in multiples of ` 1 thereafter. STP : For monthly frequency - `1000 and in multiples of ` 1 thereafter For quarterly frequency - ` 2000 and in multiples of ` 1 thereafter Plans / Options: Retail Plan - Growth Option, Dividend Option : Weekly Dividend - Reinvestment, Monthly Dividend - Reinvestment / Payout. Institutional Plan - Growth Option, Dividend Option : Weekly Dividend - Reinvestment, Monthly Dividend - Reinvestment / Payout. Exit Load: Retail Plan & Institutional Plan % - If redeemed/switched out within 1 month from the date of allotment. Nil - if redeemed/switched out after 1 month from the date of allotment Benchmark: Crisil Liquid Fund Index Fund Manager: 1) Ms. Suman Prasad 2) Priti Shah Total Experience: 1) 12 Years 2) 8 Years In Managing this Fund: 2 Month Retail Plan Scheme Crisil Liquid Fund Index Last 6 Months Last 1 Year Last 3 Years - - Last 5 Years - - Since Inception Institutional Plan Scheme Crisil Liquid Fund Index Last 6 Months Last 1 Year Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than (or equal to) a year and simple annualised basis for Inception Date: March 31, 2009 Yield To Maturity 8.83% Modified Duration 0.52 Years Average Maturity Yrs 0.75 Years portfolio maturity profile % Allocation Net Current Assets 0.02% 0 to 3 Months 78.70% 3 to 6 Months 13.89% Greater than 2 years 7.39% rating profile Name of the Instruments Rating % to NAV Debt Instruments CBLO/Net Current Assets 16.34% P1 & Equivalent 11.24% CPs 25.41% NCD/Bonds 7.39% AAA & Equivalent 7.39% P1+ & Equivalent 65.03% CBLO & Net Current Assets 16.34% CDs 50.86% The Great Eastern Shipping Company Ltd AAA(CARE) 7.39 Central Bank Of India PR1+(CARE) Punjab National Bank PR1+(CARE) Religare Finvest Ltd A1+(ICRA) IDBI Bank Ltd A1+(ICRA) Aircel Ltd PR1(CARE) Punjab National Bank A1+(ICRA) 7.11 Karur Vysya Bank Ltd A1+(ICRA) 1.43 Canara Robeco Short Term Fund is perfectly suited for an investor who has a short term investment horizon and wishes to avoid high volatility but expects superior returns than liquid funds. The fund predominantly has accrual yields on high quality Money Market Instruments along with an active trading strategy for generating Alpha. CBLO Other Current Assets 0.02 Monthly Connect January

18 Canara Robeco liquid mfa1+ by ICRA Category: Open Ended Cash Management Scheme Scheme Objective: Enhancement of Income, while maintaining a level of liquidity through, investment in a mix of MMI & Debt securities. Avg AUM : ` 1, crores NAV: Retail - Growth Option: ` Dividend Option: ` Dividend - Weekly: ` Dividend - Monthly: ` Dividend - Fortnightly: ` Institutional - Growth Option: ` Dividend - Reinvestment: ` Super Institutional - Growth Option: ` Dividend - Daily: ` Date of Allotment: Retail Plan : January 15, 2002 Institutional Plan : May 31, 2004 Super Institutional Plan : July 15, 2008 / call money : 65% - 100%. Debt (including securitized debt) : 0% - 35%. Lumpsum : Retail Plan: ` 5000/- under each option and in multiples of ` 1 thereafter. Institutional Plan: ` 1 crore under each option and in multiples of ` 1 thereafter. Super Institutional Plan: ` 5 crores under each option and in multiples of ` 1 thereafter. SIP : Minimum Instalment Amount - ` 1000 and ` 2000 for Monthly and Quarterly frequency and in multiples of ` 1 thereafter. Systematic Transfer Plan (STP)/Systematic withdrawal Plan (SWP): Minimum Instalment amount - ` 1,000 and ` 2,000 for Monthly and Quarterly frequency and in multiples of ` 1 thereafter PLANS / OPTIONS: Retail Plan : Growth Option, Dividend Option : Daily Divi. - Reinvestment, Weekly Divi. - Reinvestment, Fortnightly Divi. - Reinvestment, Monthly Divi. - Reinvestment. Institutional Plan : Growth Option, Dividend Option : Daily Divi. - Reinvestment, Weekly Divi. - Reinvestment, Fortnightly Divi. - Reinvestment, Monthly Divi. - Payout & Reinvestment, Quarterly Divi. - Payout & Reinvestment. Super Institutional Plan : Growth Option, Dividend Option : Daily Divi. - Reinvestment, Weekly Divi - Payout & Reinvestment, Fortnightly Divi. - Reinvestment, Monthly Divi. - Payout & Reinvestment. Cut-Off Time: 2.00 p.m. Exit Load: Nil Benchmark: Crisil Liquid Fund Index Fund Manager: Mr. Ritesh Jain Total Experience: 11 Years In Managing this Fund: 2 Year, 9 Months Canara Robeco Liquid invests in only short-term money market instruments with an aim to generate higher return than the risk free rate of return and ensuring liquidity at all the time. The fund is suitable for investments with very short term horizon & to park surplus moneys. Retail Institutional Super Institutional Crisil Liquid Plan Plan Plan Fund Index@ Last 7 Days Last 15 Days Last 30 Days Last 3 Months Last 6 Months Last 1 Year Last 3 Years Last 5 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than (or equal to) a year and simple annualised basis for a period less than a year. Inception Date: Retail Plan : January 15, 2002 Institutional Plan : May 31, 2004 Super Institutional Plan : July 15, 2008 portfolio Name of the Instruments Rating % to NAV YES Bank Ltd State Bank Of India P1+(CRISIL) Simplex Infrastructures Ltd PR1+(CARE) 5.14 Religare Finvest Ltd A1+(ICRA) 5.09 Central Bank Of India PR1+(CARE) 4.33 UCO Bank P1+(CRISIL) 4.10 Edelweiss Capital Ltd P1+(CRISIL) 4.07 Punjab National Bank PR1+(CARE) 3.83 Karur Vysya Bank Ltd 3.61 Oriental Bank Of Commerce P1+(CRISIL) 3.06 Reliance Capital Ltd A1+(ICRA) 2.57 ICICI Bank Ltd A1+(ICRA) 2.55 Telco Construction Equipment Co Ltd A1+(ICRA) 2.55 Tata Capital Ltd A1+(ICRA) 2.54 SREI Infrastructure Finance Ltd PR1+(CARE) 2.54 DBS Bank Ltd 2.32 South Indian Bank Ltd 1.55 HDFC Ltd A1+(ICRA) 1.29 Shree Renuka Sugars Ltd A1+(ICRA) 1.29 Corporation Bank P1+(CRISIL) 1.28 Blue Star Ltd PR1+(CARE) 1.28 Redington India Ltd A1+(ICRA) 1.28 Punjab National Bank A1+(ICRA) 1.27 Axis Bank Ltd P1+(CRISIL) 1.27 Magma Fincorp Ltd PR1+(CARE) 1.27 Kalpataru Power Transmission Ltd PR1+(CARE) 1.27 Karur Vysya Bank Ltd A1+(ICRA) 1.03 Utkal Alumina International Ltd PR1+(SO)(CARE) 1.03 TREASURY BILLS 2.58 CBLO Other Current Assets 0.04 (Contd. on page No. 19) 18 Monthly Connect January 2011

19 Canara Robeco liquid (Contd.) Yield To Maturity 8.29% Modified Duration 0.10 Years Average Maturity Yrs 0.11 Years maturity profile % Allocation Net Current Assets 0.04% 0 to 3 Months 99.96% rating profile Sovereign 2.58% CBLO/ Net Current Assets 13.51% FDs 17.79% CPs 33.23% T-Bills 2.58% CBLO & Net Current Assets 13.51% CDs 32.89% P1+ & Equivalent 83.92% Canara Robeco Treasury Advantage Fund mfaaa by ICRA Category: Open Ended Debt Scheme Scheme Objective: To generate income / capital appreciation through a low risk strategy by investment in Debt securities and Money Market Instruments. Avg AUM : ` 2, crores NAV: Retail - Growth Option: ` Dividend Option: ` Dividend - Daily: ` Dividend - Weekly: ` Dividend - Monthly: ` Dividend - Fortnightly: ` Institutional - Growth Option: ` Dividend - Daily: ` Dividend - Weekly: ` Super Institutional - Growth Option: ` Dividend - Daily: ` Dividend - Weekly: ` Date of Allotment: Retail Plan : September 16, 2003 Institutional Plan : August 21, 2007 Super Institutional Plan : July 14, 2008 MMI / Call / Debt Instruments with residual average maturity of equal or less than one year : 20% - 100%. Debt Instruments with residual average Maturity of more than one year (Including Securitised Debt) : 0% - 80%. Retail Institutional Super Institutional Crisil Liquid Plan Plan Plan Fund Index@ Last 7 Days Last 14 Days Last 30 Days Last 3 Months Last 6 Months Last 1 Year Last 3 Years Last 5 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than (or equal to) a year and simple annualised basis for a period less than a year. Inception Date: Retail Plan : September 16, 2003 Institutional Plan : August 21, 2007 Super Institutional Plan : July 14, 2008 Canara Robeco Treasury Advantage Fund seeks to provide consistent income and liquidity through investments made primarily in money market and debt securities following a low risk strategy. The portfolio duration of the fund tends to b slightly higher than a liquid fund. Yield To Maturity 8.81% Modified Duration 0.14 Years Average Maturity Yrs 0.15 Years maturity profile % Allocation Net Current Assets -5.42% 0 to 3 Months 89.06% 3 to 6 Months 14.88% 6 to 12 Months 0.96% 1-2 years 0.26% Greater than 2 years 0.25% Monthly Connect January

20 Canara Robeco Treasury Advantage Fund (Contd.) Lumpsum : Retail Plan: ` 5000/- under each option and in multiples of ` 1 thereafter. Institutional Plan: ` 1 crore under each option and in multiples of ` 1 thereafter. Super Institutional Plan: ` 5 crores under each option and in multiples of ` 1 thereafter. Systematic Investment Plan (SIP): Minimum Instalment Amount - ` 1000 and ` 2000 respectively for Monthly and Quarterly frequency respectively and in multiples of ` 1 thereafter. Systematic Transfer Plan (STP) /Systematic withdrawal Plan (SWP): Minimum Instalment amount - ` 1,000 and ` 2,000 respectively for Monthly and Quarterly frequency respectively and in multiples of ` 1 thereafter Plans / Options: Retail Plan : Growth Option, Dividend Option : Daily, Weekly, Fortnightly, Monthly Dividend - Reinvestment. Institutional Plan : Growth Option, Dividend Option : Daily, Weekly, Fortnightly Dividend - Reinvestment. Monthly & Quarterly Dividend - Payout & Reinvestment. Super Institutional Plan : Growth Option, Dividend Option : Daily & Fortnightly Dividend - Reinvestment. Weekly & Monthly Dividend - Payout & Reinvestment. Exit Load: Nil Benchmark: Crisil Liquid Fund Index Fund Manager: Mr. Ritesh Jain Total Experience: 11 Years In Managing this Fund: 2 Years, 9 Months portfolio Name of the Instruments Rating % to NAV Debt Instruments Indian Oil Corporation Ltd LAAA(ICRA) 0.26 Reliance Capital Ltd AAA(CARE) 0.25 State Bank Of India P1+(CRISIL) Punjab National Bank PR1+(CARE) 6.41 Axis Bank Ltd P1+(CRISIL) 6.09 Karur Vysya Bank Ltd 5.30 DBS Bank Ltd 4.77 Edelweiss Capital Ltd P1+(CRISIL) 4.75 Religare Finvest Ltd A1+(ICRA) 4.19 Central Bank Of India PR1+(CARE) 3.94 Shree Renuka Sugars Ltd A1+(ICRA) 3.92 South Indian Bank Ltd 3.71 UCO Bank P1+(CRISIL) 3.68 ECL Finance Ltd P1+(CRISIL) 3.18 Kotak Mahindra Bank Ltd 2.65 Corporation Bank P1+(CRISIL) 2.63 SREI Infrastructure Finance Ltd PR1+(CARE) 2.62 Muthoot Finance Ltd P1+(CRISIL) 2.61 Reliance Capital Ltd A1+(ICRA) 1.57 Tata Steel Ltd AA(FITCH) 1.33 Jubilant Life Sciences Ltd F1+(FITCH) 1.32 rating profile AAA & Equivalent 1.31% AA & Equivalent 1.33% P1+ & Equivalent 84.63% Cblo & Net Current Assets 12.74% SREI Equipment Finance Ltd A1+(ICRA) 1.31 State Bank Of Travancore P1+(CRISIL) 1.28 Bank Of India P1+(CRISIL) 1.28 HDFC Bank Ltd PR1+(CARE) 1.28 Punjab & Sind Bank A1+(ICRA) 1.28 Federal Bank Ltd P1+(CRISIL) 1.27 National Housing Bank AAA(CRISIL) 0.79 Sundaram Finance Ltd A1+(ICRA) 0.77 Punjab National Bank A1+(ICRA) 0.53 Kotak Mahindra Investments Ltd A1+(ICRA) 0.52 NCD/Bonds 2.63% FDs 16.44% CBLO & Net Current Assets 12.74% REPO 5.30 CBLO Other Current Assets CPs 26.77% CDs 41.41% 20 Monthly Connect January 2011

21 Canara Robeco FLOATING RATE mfa1+ by ICRA Category: Open Ended Debt Scheme Scheme Objective: The fund seeks to generate income by investing in a portfolio comprising of short term debt instruments and money market instruments with weighted average portfolio duration of equal to or less than 1 year. Avg AUM : ` crores NAV: Growth Option: ` Dividend Option: ` Dividend - Daily - Reinvestment: ` Dividend - Weekly - Reinvestment: ` Dividend - Monthly - Reinvestment: ` Date of Allotment: March 4, 2005 Indian : 70% - 100% Indian Debt Securities (including Securitised Debt): 0-30% Lumpsum : Retail Plan - ` 5000/- in multiples of ` 1 thereafter. SIP/STP : For Monthly Frequency - ` 1000 and in multiples of ` 1 thereafter. For Quarterly Frequency - ` 2000 and in multiples of ` 1 thereafter Plans / Options: a) Growth Option b) Dividend Option (Payout / Reinvestment) - Daily Dividend Reinvestment - Weekly Dividend Payout / Reinvestment - Fortnightly Dividend Reinvestment - Monthly Dividend Payout / Reinvestment Exit Load: Lump Sum/ SIP / STP: Retail Plan & Institutional Plan % - If redeemed/switched out within 15 Days from the date of allotment. Nil - if redeemed/switched out after 15 Days from the date of allotment Benchmark: Crisil Liquid Fund Index Fund Manager: 1) Ms. Suman Prasad 2) Priti Shah Total Experience: 1) 12 Years 2) 8 Years In Managing this Fund: 2 Month In Canara Robeco Floating Rate, the scheme takes an active view of the interest rate movement by keeping a close watch on various macroeconomic parameters of the Indian economy as well as developments in global markets. The portfolio aims at primarily generating accrual income from investments in money market and debt securities. The Scheme is ideally suited for invested looking at a comparitively lower risk strategy short term debt fund. Retail Plan Scheme Crisil Liquid Fund Index Last 7 Days Last 15 Days Last 30 Days Last 3 Months Last 6 Months Last 1 Year Last 3 Years Last 5 Years Since Inception The past performance may or may not be sustained in the future. Returns are based on growth NAV and are calculated on compounded annualized basis for a period of more than (or equal to) a year and simple annualised basis for Inception Date: March 4, 2005 Yield To Maturity 8.93% Modified Duration 0.09 Years Average Maturity Yrs 0.10 Years maturity profile % Allocation Net Current Assets 0.47% 0 to 3 Months 99.53% portfolio rating profile Name of the Instruments Rating % to NAV CPs 28.98% FDs 15.92% CBLO/ Net Current Assets 0.86% P1+ & Equivalent 99.14% CBLO & Net Current Assets 0.86% CDs 54.23% Utkal Alumina International Ltd PR1+(SO)(CARE) Corporation Bank P1+(CRISIL) UCO Bank P1+(CRISIL) SREI Equipment Finance Ltd A1+(ICRA) Central Bank Of India PR1+(CARE) Karur Vysya Bank Ltd Punjab National Bank PR1+(CARE) 6.83 South Indian Bank Ltd 5.31 IDBI Bank Ltd A1+(ICRA) 5.27 Punjab National Bank A1+(ICRA) 2.63 Edelweiss Capital Ltd P1+(CRISIL) 2.62 CBLO 0.40 Other Current Assets 0.47 Monthly Connect January

22 Dividend Distribution Canara Robeco Infrastructure Canara Robeco Equity Diversified Fund Canara Robeco Emerging Equities Fund Canara Robeco Equity Tax Saver Fund Canara Robeco Nifty Index Fund Canara Robeco Balance * On face value of ` 10. Canara Robeco Monthly Income Plan Quarterly Canara Robeco Income Fund Canara Robeco Gilt PGS Fund Canara Robeco Floating Rate Fund (Others) (Ind. & HUF) Canara Robeco Dynamic Bond Fund Canara Robeco F.O.R.C.E Fund Retail Institutional Canara Robeco InDiGo For Daily, Weekly & Monthly dividend history of Canara Robeco Liquid Fund, Canara Robeco Treasury Advantage Fund & Canara Robeco Short Term Fund Visit 22 Monthly Connect January 2011

23 Monthly Connect January