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5 star

Canara Robeco Equity Tax Saver Fund - Regular Plan download report


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.92 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.09 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
Canara Robeco Equity Tax Saver Reg-IDCW 0.49 0.11 1.64 9.71 12.71 3.67 7.31 24.19 16.37 13.75 16.12
S&P BSE 500 TRI 4.29 0.20 2.11 10.54 11.58 6.02 11.04 21.41 13.97 13.26 15.26
Equity: ELSS 1.27 0.09 1.74 9.19 11.03 3.97 7.36 19.56 12.00 11.53 15.39
Rank within category 24 15 22 9 4 19 18 5 2 2 9
Number of funds in category 36 36 36 36 36 36 36 35 32 28 26

As on 18-Aug-2022

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 7.31 24.19 16.37 1.92 3,957
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 6.41 22.60 15.81 1.72 12,615
DSP Tax Saver Fund
4 star
Jan-07 5.29 20.87 13.35 1.76 9,966
IDFC Tax Advantage (ELSS) Fund - Regular Plan  | Invest Online
4 star
Dec-08 11.49 24.80 13.94 1.97 3,692
Kotak Tax Saver Regular Plan  | Invest Online
4 star
Nov-05 9.73 20.40 13.18 2.04 2,794

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
Canara Robeco Equity Tax Saver Reg-IDCW 22.06 20.32 0.91 1.00 0.87 3.99
S&P BSE 500 TRI 20.28 22.43 0.75 0.86 -- --
Equity: ELSS 18.78 21.76 0.70 0.77 0.94 -0.49
Rank within category 5 8 4 4 7 4
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-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 54
Top 10 Stocks (%) 42.45
Top 5 Stocks (%) 29.35
Top 3 Sectors (%) 47.78
Portfolio P/B Ratio 4.18
Portfolio P/E Ratio 29.49

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,87,002 1,45,829
Giant (%) 60.14 54.28
Large (%) 14.32 17.24
Mid (%) 24.79 22.41
Small (%) 0.74 6.40
Tiny (%) -- 0.22

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 ICICI Bank Financial 22.21 8.69 3.69 8.06
up HDFC Bank Financial 21.15 9.66 3.60 6.79
equal Infosys Technology 29.90 9.53 5.12 6.55
down Reliance Industries Energy 27.12 8.98 0.00 4.43
up State Bank of India Financial 13.45 6.73 0.00 3.52
up Axis Bank Financial 14.56 5.18 0.00 3.27
equal Tata Consultancy Services Technology 31.89 4.78 0.00 2.70
up Maruti Suzuki India Automobile 60.77 2.47 0.00 2.42
equal Bajaj Finance Financial 52.60 5.85 1.77 2.38
up ABB India Ltd. Capital Goods 73.72 2.33 0.00 2.33
up Schaeffler India Capital Goods 58.17 2.32 0.00 2.32
equal Hindustan Unilever Consumer Staples 68.75 5.21 0.35 2.31
equal Bharti Airtel Communication 78.28 4.30 0.00 2.17
up Sun Pharmaceutical Industries Healthcare 56.51 2.57 0.00 2.01
up United Spirits Consumer Staples 56.56 1.97 0.00 1.83
equal Kotak Mahindra Bank Financial 29.00 4.28 0.00 1.82
equal HDFC Financial 19.82 5.74 0.00 1.79
down Navin Fluorine International Chemicals 77.67 1.75 0.00 1.75
equal Larsen & Toubro Construction 28.94 5.69 0.00 1.74
up Oberoi Realty Construction 26.08 1.66 0.00 1.66
equal The Indian Hotels Company Services 195.91 1.58 0.00 1.58
equal PI Industries Chemicals 56.48 2.10 0.00 1.57
down Ultratech Cement Materials 26.81 4.69 0.00 1.55
equal Abbott India Healthcare 49.96 3.24 0.00 1.54
equal Bata India Consumer Discretionary 84.65 3.04 0.00 1.48

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-Jul-2022

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:


0.11%

Change from previous, NAV as on 18-Aug-2022

IDCW: ₹ 37.1600

Growth: ₹ 118.2200


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

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) --
Min. 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: 15.17%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 3,957 Cr (As on 31-Jul-2022)
Expense Ratio: 1.92% (As on 31-Jul-2022)
Risk Grade: Low
Return Grade: Above Average
Turnover: 47.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW25-Feb-20220.2000

 26-Nov-20211.8000
 26-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

Contact Information

AMC: Canara Robeco Asset Management Company Ltd

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

Phone: 022-22621371/ 66585000 / 665850010

Fax: 022-66585012

Website: http://www.canararobeco.com

Registrar & Transfer Agent: KFin Technologies 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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