VR Logo

Canara Robeco Equity Tax Saver Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.51 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.47 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 6.52 -1.60 -0.04 4.60 8.72 21.36 21.95 14.83 9.73 14.84 --
S&P BSE 500 TRI -1.15 -2.01 -1.35 -3.30 0.86 11.31 10.62 9.51 7.81 12.61 --
Equity: ELSS 1.07 -1.69 -0.79 -1.64 2.96 14.17 14.62 9.69 8.52 14.85 --
Rank within category 2 16 3 1 2 2 5 3 10 15 --
Number of funds in category 38 38 38 38 38 37 36 34 30 28 1

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 8.16 (19-Sep-2019 - 26-Sep-2019) -9.47 (19-Aug-2015 - 26-Aug-2015)
Month 18.63 (07-May-2014 - 06-Jun-2014) -12.95 (07-Sep-2018 - 09-Oct-2018)
Quarter 24.12 (13-Mar-2014 - 12-Jun-2014) -15.85 (30-Nov-2015 - 29-Feb-2016)
Year 63.93 (03-Mar-2014 - 03-Mar-2015) -19.63 (27-Feb-2015 - 29-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 14.33 12.77 0.68 0.93 0.95 2.77
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: ELSS 11.52 13.02 0.45 0.65 0.95 -0.04
Rank within category 6 17 3 6 19 7
Number of funds in category 34 34 34 34 34 34

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

As on 31-Jan-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 37
Top 10 Stocks (%) 50.81
Top 5 Stocks (%) 32.81
Top 3 Sectors (%) 61.18
Portfolio P/B Ratio 5.35
Portfolio P/E Ratio 35.39

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,23,078 90,653
Giant (%) 56.49 50.67
Large (%) 18.13 15.11
Mid (%) 20.75 25.96
Small (%) 4.62 8.61
Tiny (%) -- 0.26

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 25.23 9.66 5.60 8.11
equal ICICI Bank Financial 36.13 9.12 0.00 6.80
up Reliance Industries Energy 21.12 8.90 0.00 6.51
down Infosys Technology 20.72 7.01 0.00 5.93
equal Bajaj Finance Financial 53.00 5.95 0.00 5.46
equal Hindustan Unilever FMCG 70.51 4.67 1.40 4.21
equal Divi's Laboratories Healthcare 45.16 3.90 0.00 3.90
equal Indian Railway Catering & Tourism Corpn. Services 100.57 3.43 0.00 3.43
equal Avenue Supermarts Services 126.67 3.27 0.00 3.27
equal Axis Bank Financial 42.77 5.66 0.00 3.19
down Kotak Mahindra Bank Financial 36.78 7.28 0.00 3.13
up Atul Chemicals 23.26 2.96 0.00 2.96
equal Honeywell Automation Engineering 65.24 2.94 0.00 2.83
new SBI Life Insurance Company Financial 67.92 2.65 0.00 2.65
down Asian Paints Chemicals 64.22 3.89 0.00 2.25
equal L&T Infotech Technology 23.61 2.94 0.00 2.23
down HDFC Financial 18.18 5.74 0.00 2.19
equal VIP Industries Chemicals 49.57 3.86 0.00 2.18
equal HDFC Asset Management Company Financial 54.17 3.37 0.00 2.15
equal Voltas Cons Durable 47.72 3.09 0.00 1.99
down ICICI Lombard General Insurance Financial 51.93 3.28 0.00 1.88
up Dabur India FMCG 57.67 3.62 0.00 1.79
new Alkem Laboratories Healthcare 28.12 1.74 0.00 1.74
down Bata India FMCG 59.63 2.79 0.00 1.67
down Tata Consultancy Services Technology 24.50 8.34 0.00 1.63

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-Jan-2020

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:


-1.60%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 76.1400

Dividend: ₹ 41.6400


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 (₹) --
Exit Load 0

Basic Details

Fund House: Canara Robeco Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 13.87%
Benchmark: S&P BSE 100 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,033 Cr (As on 31-Jan-2020)
Expense: 1.33% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 148.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend29-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: 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

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM