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Canara Robeco Equity Tax Saver Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.46 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.17 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.

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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 1.05 0.62 -1.17 0.69 3.64 8.95 12.38 13.57 7.54 12.66 12.15
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
Equity: ELSS 1.95 0.86 -0.46 1.98 5.41 9.85 12.30 11.05 7.70 13.32 11.47
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 & Worst Performance

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)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 14.43 12.93 0.67 0.94 0.95 1.05
S&P BSE 500 TRI 13.80 13.09 0.62 0.92 -- --
Equity: ELSS 12.04 13.32 0.48 0.70 0.95 -1.40
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

Asset Allocation (%)

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Concentration & Valuation

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

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,53,540 98,037
Giant (%) 66.43 52.66
Large (%) 13.52 14.56
Mid (%) 17.90 24.99
Small (%) 2.15 8.12
Tiny (%) -- 0.23

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 HDFC Bank Financial 25.94 9.66 5.60 9.55
up ICICI Bank Financial 67.25 9.12 0.00 7.16
equal Infosys Technology 20.40 7.01 0.00 7.01
up Reliance Industries Energy 22.24 8.90 0.00 5.75
equal Bajaj Finance Financial 51.46 5.95 0.00 5.44
equal Hindustan Unilever FMCG 68.15 4.67 1.40 4.09
equal Asian Paints Chemicals 63.07 3.89 0.00 3.89
equal Divi's Laboratories Healthcare 39.38 3.79 0.00 3.79
equal Kotak Mahindra Bank Financial 36.01 7.28 0.00 3.70
equal HDFC Financial 34.91 5.74 0.00 3.61
up Tata Consultancy Services Technology 25.29 8.34 0.00 3.40
equal Axis Bank Financial 43.43 5.66 0.00 3.38
equal Avenue Supermarts Services 100.22 3.17 0.00 2.89
equal Honeywell Automation Engineering 58.98 2.94 0.00 2.84
equal HDFC Life Insurance Financial 90.73 2.85 0.00 2.82
equal Indian Railway Catering & Tourism Corpn. Services 52.44 2.72 0.00 2.72
equal ICICI Prudential Life Insurance Co. Ltd. Financial 64.94 2.67 0.00 2.50
equal Aarti Industries Chemicals 27.60 2.43 0.00 2.38
down ICICI Lombard General Insurance Financial 53.81 3.28 0.00 2.38
up HDFC Asset Management Company Financial 52.93 3.37 0.00 2.23
equal VIP Industries Chemicals 55.70 3.86 0.00 2.08
equal L&T Infotech Technology 23.14 2.94 0.00 2.06
equal Bata India FMCG 65.31 2.79 0.00 2.02
equal Voltas Cons Durable 48.66 3.09 0.00 1.94
equal Atul Chemicals 24.21 2.03 0.00 1.90

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-Dec-2019

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:


0.69%

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

Dividend: ₹ 26.2800

Growth: ₹ 69.5600


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: 31-Mar-1993
Return Since Launch: 14.42%
Benchmark: S&P BSE 100 TRI
Riskometer: Moderately High
Type: Open-ended
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
Turnover: 144.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend29-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
 26-Mar-20041.5000
 16-Oct-20030.7500
 01-Aug-20030.7500

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM