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5 star

Canara Robeco Equity Tax Saver Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.96 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.67 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 34.96 1.06 -0.98 -2.39 1.46 15.28 44.50 25.13 21.84 15.11 --
S&P BSE 500 TRI 31.41 1.27 -1.19 -2.24 2.00 13.30 39.58 19.51 18.13 13.14 --
Equity: ELSS 32.44 1.01 -1.39 -2.69 2.03 14.49 40.35 19.61 17.53 13.46 --
Rank within category 14 15 6 12 24 17 9 4 4 9 --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 02-Dec-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 44.50 25.13 21.84 0.75% 2,893
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 36.45 21.76 20.67 0.74% 34,235
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 43.74 25.18 23.74 0.43% 10,146
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 44.21 22.66 18.59 0.81% 9,805
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 54.92 22.32 20.94 0.74% 3,518

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 24.08 19.96 1.02 1.09 0.87 6.36
S&P BSE 500 TRI 19.76 21.92 0.73 0.84 -- --
Equity: ELSS 19.84 21.49 0.75 0.81 0.95 0.85
Rank within category 4 6 3 3 5 3
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 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 56
Top 10 Stocks (%) 46.43
Top 5 Stocks (%) 30.54
Top 3 Sectors (%) 54.06
Portfolio P/B Ratio 4.63
Portfolio P/E Ratio 35.16

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,91,625 1,36,970
Giant (%) 59.96 53.06
Large (%) 18.27 14.68
Mid (%) 19.56 25.08
Small (%) 2.21 7.34
Tiny (%) -- 0.21

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
equal ICICI Bank Financial 23.63 9.12 3.69 7.50
equal Infosys Technology 35.20 9.53 1.80 7.39
equal HDFC Bank Financial 24.70 9.66 3.60 7.23
up Larsen & Toubro Construction 28.76 6.60 0.00 4.46
up HDFC Financial 24.42 5.74 0.00 3.96
equal Reliance Industries Energy 32.14 8.98 0.00 3.56
equal Bajaj Finance Financial 87.09 5.85 0.00 3.39
equal State Bank of India Financial 14.86 6.73 0.00 3.25
up Axis Bank Financial 20.73 5.66 0.00 3.09
up Tata Motors Automobile -- 2.60 0.00 2.60
down Tata Consultancy Services Technology 36.82 4.78 0.00 2.45
up Divi's Laboratories Healthcare 59.38 5.31 0.00 2.07
up Godrej Consumer Products FMCG 53.51 1.79 0.00 1.79
equal Persistent Systems Technology 58.69 1.99 0.00 1.63
up Cholamandalam Investment & Finance Company Financial 29.12 1.82 0.00 1.58
down Minda Industries Automobile 72.86 1.85 0.00 1.57
equal Kotak Mahindra Bank Financial 39.01 5.07 0.00 1.56
up Ultratech Cement Construction 33.15 4.69 0.00 1.37
up Asian Paints Chemicals 93.81 3.89 0.00 1.35
equal Jubilant FoodWorks Services 118.42 2.28 0.00 1.32
equal Hindustan Unilever FMCG 66.63 5.21 0.35 1.28
equal ABB India Ltd. Engineering 111.64 1.46 0.00 1.23
equal Honeywell Automation Engineering 79.27 2.94 1.11 1.20
equal Titan Company Consumer Durable 121.13 2.48 0.00 1.17
up Gland Pharma Healthcare 53.59 1.19 0.00 1.16

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-Oct-2021

Fund Manager

— 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:

— Vishal Mishra since 28-Jun-2021

Education: Mr. Mishra is a B. Com, A.C.A.

Experience: He has more than 10 yrs of experience in the areas of equity research & credit research. Presently he is associated with Daiwa Asset Mgt (India) Pvt. Ltd for the past four years. His previous assignment was with Collins Stewart India Pvt. Ltd. as Asst. Vice President Research. He was also been associated with IL&FS Investment Ltd, Crisil Ltd and Quantum Information Services Ltd.

Funds Managed:


1.06%

Change from previous, NAV as on 02-Dec-2021

Growth: ₹ 124.1400

IDCW: ₹ 56.8800


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: 17.22%
Benchmark: S&P BSE 100 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 2,893 Cr (As on 31-Oct-2021)
Expense: 0.75% (As on 31-Oct-2021)
Risk Grade: Low
Return Grade: Above Average
Turnover: 74.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW26-Nov-20212.8000

 26-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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