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Canara Robeco Equity Tax Saver Fund - Regular Plan

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Equity: ELSS

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1 Lakh

Investment Grown to
₹ 1.66 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.26 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 10.24 0.44 1.05 -0.96 15.73 37.07 39.68 18.50 18.51 17.03 14.45
S&P BSE 500 TRI 9.44 0.20 1.61 1.19 13.75 35.49 40.86 13.34 16.66 15.45 12.47
Equity: ELSS 9.26 0.20 1.49 0.96 13.51 33.66 34.19 10.99 15.22 15.71 13.26
Rank within category 13 6 32 37 6 9 8 2 4 9 7
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 08-Mar-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 - Regular Plan  | Invest Online
5 star
 Mar-93 39.68 18.50 18.51 2.29 1,538
Axis Long Term Equity Fund
4 star
 Dec-09 26.92 15.82 17.00 1.61 25,508
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 37.18 13.88 17.40 1.85 7,332
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 46.70 17.65 22.45 1.83 5,648
Kotak Tax Saver Regular Plan  | Invest Online
4 star
 Nov-05 33.36 14.41 16.74 2.21 1,679

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 24.31 29-Feb-2000 - 07-Mar-2000 -22.86 10-May-2004 - 17-May-2004
Month 36.76 28-Apr-2009 - 28-May-2009 -34.33 20-Feb-2020 - 23-Mar-2020
Quarter 91.81 12-Mar-2009 - 11-Jun-2009 -40.68 21-Feb-2000 - 22-May-2000
Year 171.77 11-Feb-1999 - 11-Feb-2000 -59.93 15-Sep-2000 - 17-Sep-2001

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 17.80 21.31 0.62 0.69 0.89 5.44
S&P BSE 500 TRI 13.30 23.03 0.38 0.45 -- --
Equity: ELSS 11.22 22.63 0.29 0.34 0.96 -1.72
Rank within category 2 6 1 2 5 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 28-Feb-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 54
Top 10 Stocks (%) 48.12
Top 5 Stocks (%) 32.43
Top 3 Sectors (%) 61.44
Portfolio P/B Ratio 3.77
Portfolio P/E Ratio 30.61

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,17,767 1,10,550
Giant (%) 56.01 52.11
Large (%) 12.84 15.12
Mid (%) 28.37 24.30
Small (%) 2.78 8.62
Tiny (%) -- 0.47

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 Infosys Technology 30.46 9.53 0.00 8.68
equal ICICI Bank Financial 28.99 9.12 0.00 8.34
equal HDFC Bank Financial 27.93 9.66 3.60 6.27
up Larsen & Toubro Construction 18.36 6.60 0.00 5.05
up State Bank of India Financial 14.85 5.28 0.00 4.09
up Axis Bank Financial 76.44 5.66 0.00 4.01
up Bajaj Finance Financial 80.27 5.95 0.00 3.86
up HCL Technologies Technology 19.58 2.77 0.00 2.77
equal HDFC Financial 26.26 5.74 0.00 2.56
down Tata Consultancy Services Technology 36.13 8.34 0.00 2.49
equal Voltas Cons Durable 76.75 3.09 0.00 2.25
equal Divi's Laboratories Healthcare 49.29 5.31 0.00 2.07
up Jubilant FoodWorks Services 246.39 1.96 0.00 1.96
equal Crompton Greaves Consumer Electricals Cons Durable 54.87 1.85 0.00 1.85
down Asian Paints Chemicals 84.40 3.89 0.00 1.82
up Havells India Engineering 74.85 2.81 0.00 1.74
down Bajaj Auto Automobile 23.51 1.78 0.00 1.72
new Cholamandalam Invest. & Fin. Financial 33.49 1.57 0.00 1.57
down Maruti Suzuki India Automobile 49.11 4.14 0.00 1.57
up ICICI Prudential Life Insurance Co. Ltd. Financial 65.41 2.67 0.00 1.57
new Minda Industries Automobile 187.43 1.49 0.00 1.49
down Indiamart Intermesh Services 87.33 1.66 0.00 1.49
up PI Industries Chemicals 51.47 2.10 0.00 1.49
equal Cipla Healthcare 28.81 2.00 0.00 1.32
down Persistent Systems Technology 32.84 1.99 0.00 1.30

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-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:

Invest Online
0.44%

Change from previous, NAV as on 08-Mar-2021

Dividend: ₹ 31.8500

Growth: ₹ 95.9600

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: 31-Mar-1993
Return Since Launch: 15.15%
Benchmark: S&P BSE 100 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 1,538 Cr (As on 31-Jan-2021)
Expense: 2.29% (As on 31-Jan-2021)
Risk Grade: Low
Return Grade: High
Turnover: 162.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Feb-20211.5500

 27-Nov-20201.1000
 28-Feb-20200.9739
 29-Nov-20190.9739
 22-Feb-20190.8854
 30-Nov-20180.8854
 23-Feb-20181.0000
 10-Nov-20171.0000
 28-Feb-20170.9000
 04-Nov-20161.0000
 26-Feb-20160.8900
 06-Nov-20151.0000
 27-Feb-20151.0000
 10-Oct-20141.0000
 20-Dec-20130.7500
 08-Mar-20131.5000
 09-Mar-20121.0000
 18-Mar-20111.0000
 21-Jan-20112.0000
 19-Mar-20102.0000
 08-Jan-20102.0000
 28-Mar-20083.0000
 15-Mar-20076.0000
 16-Mar-20064.0000
 18-Mar-20052.5000

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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