Canara Robeco Bluechip Equity Fund Direct Plan Reinvestment of Income Dist cum Cap Wdrl INF760K01FQ4

Canara Robeco Bluechip Equity earns an Average Process Pillar rating.

The most important driver of the rating is the fund's strong long-term risk-adjusted performance. This can be seen in its ten-year alpha calculated relative to the category average, which suggests that the managers have shown skill in their allocation of risk. The size of the portfolio management team also supports the process. With two portfolio managers, the fund is reasonably well-resourced. However, the process is limited by the parent firm's five-year risk-adjusted success ratio of 34%. The measure indicates the percentage of a firm's funds that have beat their respective category's median return for the period. The parent's modest success ratio suggests that the firm could do better across its fund lineup.

This strategy has tended to hold more growth stocks than others in the Large-Cap Morningstar Category. But in terms of size exposure, it is similar to the average. Analyzing additional factors, this strategy has exhibited a tendency to hold fewer stocks with high dividend or buyback yields compared with Morningstar Category peers in recent years. Returning capital to shareholders often is not the highest priority of such businesses. The shares of such companies can deliver strong returns if they fulfill their growth projections, but they also carry more risk. In the latest month, the strategy was also less exposed to the Yield factor compared with Morningstar Category peers. This strategy has had more exposure to high-momentum stocks over its peers in recent years. Momentum is based on the premise that stocks that have recently outperformed will continue to outperform, and those that have underperformed will stay behind. Compared with category peers, however, the strategy had less Momentum factor exposure in the latest month. Additionally, the strategy has constantly maintained a defensive tilt, with exposure to high-quality stocks. High exposure to the quality factor means holding companies that are consistently profitable, growing, and have solid balance sheets. In this month, the strategy also had more exposure to the Quality factor over its peers. More information on a fund and its respective category's factor exposure can be found in the Factor Profile module within the Portfolio section.

The portfolio is overweight in healthcare by 2.9 percentage points in terms of assets compared with the category average, and its consumer cyclical allocation is similar to the category. The sectors with low exposure compared with category peers are energy and basic materials, with energy underweighting the average portfolio by 2.9 percentage points of assets and basic materials similar to the average. The portfolio is positioned across 60 holdings and is less top-heavy than peers. Specifically, 46.3% of the portfolio's assets are concentrated within the top 10 fund holdings, as opposed to the category’s 51.8% average. And finally, in terms of portfolio turnover, looking at year-over-year movements, 21% of the fund's holdings have turned over, whether through increasing, decreasing, or changing a position.