Canara Robeco Infrastructure: Engineered success

Smart Funds

What worked for the fund: The fund's high exposure to energy and basic/engineering sector did the trick. Notably the fund holds Walchandnagar Industries since April 2006 which has proved to be a multi-bagger. The stock price surged 793 per cent in a year. It is now its second largest holding.

Big Bets: Walchandnagar Industries, Reliance Industries, L&T, Grasim, BHEL, Siemens.

How it did in downturn: Fund's benchmark is BSE 100. The fund fell 16.65 per cent in the second quarter of 2006, far more than the 10.6 per cent fall of its benchmark. Continuing the poor run, the fund fell by another 8.2 per cent in the first quarter of 2007, almost matching the 6.69 per cent fall of its benchmark.

Background: Small fund managing just Rs 157 crore when other infrastructure funds are managing over Rs3,500 crore. The fund's assets under managemen thad touched a low of Rs 72 crore in March this year.