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5 star

Canara Robeco Equity Tax Saver Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.76 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.54 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 19.94 0.69 1.52 9.57 8.51 24.80 73.92 20.77 19.24 16.08 --
S&P BSE 500 TRI 19.07 0.39 0.94 9.38 9.18 22.30 71.13 14.95 16.27 13.74 --
Equity: ELSS 18.96 0.53 1.11 9.07 8.86 22.41 67.54 14.21 15.78 14.86 --
Rank within category 13 9 6 11 18 11 7 3 4 10 --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 1

As on 15-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
5 star
Jan-13 73.92 20.77 19.24 1.03 2,227
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 60.41 16.04 17.60 0.78 29,575
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 74.47 18.44 18.13 0.86 8,747
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 81.13 21.53 23.10 0.48 7,940
Kotak Tax Saver - Direct Plan  | Invest Online
4 star
Jan-13 68.15 17.84 17.69 0.86 1,988

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.74 01-Apr-2020 - 09-Apr-2020 -17.38 11-Mar-2020 - 18-Mar-2020
Month 21.25 23-Mar-2020 - 22-Apr-2020 -34.27 20-Feb-2020 - 23-Mar-2020
Quarter 29.06 23-Mar-2020 - 22-Jun-2020 -29.09 23-Dec-2019 - 23-Mar-2020
Year 97.23 23-Mar-2020 - 23-Mar-2021 -23.70 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 20.66 21.24 0.77 0.84 0.90 6.04
S&P BSE 500 TRI 15.83 22.84 0.50 0.59 -- --
Equity: ELSS 14.81 22.45 0.47 0.52 0.96 -0.53
Rank within category 3 6 2 3 7 2
Number of funds in category 35 35 35 35 35 35

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 52
Top 10 Stocks (%) 47.52
Top 5 Stocks (%) 32.96
Top 3 Sectors (%) 57.13
Portfolio P/B Ratio 4.26
Portfolio P/E Ratio 34.69

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,65,759 1,22,008
Giant (%) 56.91 51.48
Large (%) 20.28 15.74
Mid (%) 21.66 24.34
Small (%) 1.15 8.63
Tiny (%) -- 0.30

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Infosys Technology 32.43 9.53 0.00 8.80
up HDFC Bank Financial 25.83 9.66 3.60 8.12
equal ICICI Bank Financial 24.29 9.12 0.00 7.46
equal Larsen & Toubro Construction 18.32 6.60 0.00 4.48
equal Tata Consultancy Services Technology 37.21 8.34 0.00 4.10
up HDFC Financial 24.52 5.74 0.00 3.41
equal Bajaj Finance Financial 84.13 5.95 0.00 3.35
equal Axis Bank Financial 31.98 5.66 0.00 3.13
down State Bank of India Financial 17.11 6.73 0.00 2.62
equal Divi's Laboratories Healthcare 57.70 5.31 0.00 2.05
up Reliance Industries Energy 30.97 8.98 0.00 2.04
equal Motherson Sumi Systems Automobile 74.76 2.03 0.00 2.03
equal Jubilant FoodWorks Services 262.93 2.28 0.00 1.83
down Tata Steel Metals 18.88 4.35 0.00 1.82
equal Hindalco Inds. Metals 25.21 1.86 0.00 1.81
equal Minda Industries Automobile 83.76 1.84 0.00 1.66
equal Kotak Mahindra Bank Financial 35.15 5.07 0.00 1.64
up Persistent Systems Technology 42.99 1.99 0.00 1.63
equal Dalmia Bharat Construction 28.26 1.66 0.00 1.62
down Havells India Engineering 61.04 2.81 0.00 1.50
down Asian Paints Chemicals 92.94 3.89 0.00 1.48
up PI Industries Chemicals 59.23 2.10 0.00 1.47
up Cipla Healthcare 32.52 2.00 0.00 1.47
up Tata Consumer Products FMCG 77.33 1.47 0.00 1.47
up SBI Cards & Payments Services Financial 102.71 1.46 0.00 1.46

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2021

Fund Manager

— Cheenu Gupta since 12-Mar-2018

Education: Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)

Experience: Prior to joining Canara Robeco Mutual Fund, she has worked with Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.

Funds Managed:

— Shridatta Bhandwaldar since 01-Oct-2019

Education: Mr. Bhandwaldar is a BE (Mechanical) and MMS (Finance).

Experience: Prior to joining Canara Robeco Mutual Fund he was associated with SBI Pension Funds Pvt. Ltd. (Jul 2012-Jun 2016) as Head-Research, Heritage India Advisory Pvt. Ltd. (Oct 2009-Jun 2012) as Senior Equity Analyst, Motilal Oswal Securities (Jan 2008-Sep 2009) and MF Global Securities (Apr 2006-Dec 2008).

Funds Managed:


0.69%

Change from previous, NAV as on 15-Jun-2021

Growth: ₹ 110.3200

IDCW: ₹ 53.0800


Investment Strategy

The scheme seeks to achieve long term capital appreciation by predominantly investing in equities. It also offers tax benefits under Section 80C. The investments may be made in primary as well as secondary markets and scheme may also invest in overseas equity markets like ADRs/GDRs.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 16.61%
Benchmark: S&P BSE 100 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 2,227 Cr (As on 31-May-2021)
Expense: 1.03% (As on 30-Apr-2021)
Risk Grade: Low
Return Grade: High
Turnover: 127.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW26-Feb-20212.2500

 27-Nov-20201.7500
 28-Feb-20201.4609
 29-Nov-20191.4167
 22-Feb-20191.3281
 30-Nov-20181.3281
 23-Feb-20181.5000
 10-Nov-20171.5000

Contact Information

AMC: Canara Robeco Asset Management Company Ltd

Address: 4th Floor - Construction House, 5 - Walchand Hirachand Marg, Ballard Estate, Mumbai - 400001

Phone: 022-22621371/ 66585000 / 665850010

Fax: 022-66585012

Email: [email protected]

Website: http://www.canararobeco.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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