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:
|S&P BSE 500 TRI||1.60||0.77||-0.81||1.36||6.05||9.34||11.96||12.98||8.35||12.41||10.47|
|Rank within category||31||34||36||35||30||21||17||6||17||19||10|
|Number of funds in category||38||38||38||38||37||36||35||34||30||28||27|
As on 23-Jan-2020
|Best (Period)||Worst (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)||-31.19 (12-May-2006 - 13-Jun-2006)|
|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)|
|S&P BSE 500 TRI||13.80||13.09||0.62||0.92||--||--|
|Rank within category||7||14||5||7||18||6|
|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-Dec-2019
|Number of Stocks||30|
|Top 10 Stocks (%)||53.99|
|Top 5 Stocks (%)||34.91|
|Top 3 Sectors (%)||67.20|
|Portfolio P/B Ratio||5.79|
|Portfolio P/E Ratio||38.02|
|Average Mkt Cap (Rs Cr)||1,53,540||98,037|
|Company||Sector||P/E||3Y High||3Y Low||% Assets|
|Kotak Mahindra Bank||Financial||36.01||7.28||0.00||3.70|
|Tata Consultancy Services||Technology||25.29||8.34||0.00||3.40|
|HDFC Life Insurance||Financial||90.73||2.85||0.00||2.82|
|Indian Railway Catering & Tourism Corpn.||Services||52.44||2.72||0.00||2.72|
|ICICI Prudential Life Insurance Co. Ltd.||Financial||64.94||2.67||0.00||2.50|
|ICICI Lombard General Insurance||Financial||53.81||3.28||0.00||2.38|
|HDFC Asset Management Company||Financial||52.93||3.37||0.00||2.23|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2019
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.
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).
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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.
|Minimum Investment (₹)||500|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||--|
|Minimum Balance (₹)||--|
|Fund House:||Canara Robeco Mutual Fund|
|Return Since Launch:||14.42%|
|Benchmark:||S&P BSE 100 TRI|
|Assets:||₹ 1,005 Cr (As on 31-Dec-2019)|
|Expense:||2.31% (As on 31-Dec-2019)|
|Risk Grade:||Below Average|
|Return Grade:||Above Average|
|Plan||Record Date||Dividend (₹ / Unit)|
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
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034
Email: [email protected]