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4 star

Canara Robeco Equity Tax Saver Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.78 Lakh

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 -5.38 -1.06 -1.01 5.78 12.16 -6.93 -0.91 5.27 6.42 12.21 9.84
S&P BSE 500 TRI -11.23 -1.58 -1.67 6.30 18.53 -13.06 -6.56 1.55 5.78 10.80 8.17
Equity: ELSS -11.44 -1.25 -1.52 5.37 14.94 -13.12 -7.02 -0.35 4.38 11.64 8.88
Rank within category 4 11 7 18 33 4 4 1 6 13 7
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

As on 14-Jul-2020

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
4 star
Mar-93 -0.91 5.27 6.42 2.28 992
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -3.07 5.15 6.93 1.73 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 -1.37 1.87 6.39 1.93 10,101
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -4.91 1.52 6.86 1.87 5,789
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 -2.89 4.44 -- 1.80 3,538

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) -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 7.18 19.73 0.10 0.10 0.88 2.77
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 2.32 21.15 -0.14 -0.15 0.95 -2.02
Rank within category 2 4 2 2 4 2
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 45
Top 10 Stocks (%) 47.58
Top 5 Stocks (%) 29.76
Top 3 Sectors (%) 52.35
Portfolio P/B Ratio 4.59
Portfolio P/E Ratio 30.72

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,04,816 89,760
Giant (%) 54.24 52.59
Large (%) 18.12 15.43
Mid (%) 22.42 23.93
Small (%) 5.23 8.24
Tiny (%) -- 0.13

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 Infosys Technology 21.33 8.08 0.00 8.08
up HDFC Bank Financial 21.56 9.66 3.60 6.32
down Reliance Industries Energy 33.76 8.90 0.00 5.68
equal Hindustan Unilever FMCG 79.22 5.21 1.40 5.17
down Divi's Laboratories Healthcare 43.06 5.31 0.00 4.51
down ICICI Bank Financial 23.80 9.12 0.00 4.17
equal Bharti Airtel Communication -- 4.30 0.00 4.07
up Kotak Mahindra Bank Financial 29.87 7.28 0.00 3.43
up Bajaj Finance Financial 37.28 5.95 0.00 3.40
up HDFC Asset Management Company Financial 41.73 3.37 0.00 2.75
up HDFC Life Insurance Financial -- 2.85 0.00 2.56
down Asian Paints Chemicals 59.61 3.89 0.00 2.24
equal Escorts Automobile 28.85 2.20 0.00 2.20
down Hero Motocorp Automobile 14.69 2.35 0.00 2.12
equal Alkem Laboratories Healthcare 26.84 2.59 0.00 1.99
up PI Industries Chemicals 57.12 1.94 0.00 1.94
down Multi Commodity Exchange India Financial 28.04 2.72 0.00 1.94
down Dr. Reddy's Lab Healthcare 33.09 2.89 0.00 1.94
equal Ipca Laboratories Healthcare 34.40 1.92 0.00 1.88
down Honeywell Automation Engineering 51.16 2.94 0.00 1.78
down Dr. Lal Pathlabs Healthcare 70.81 2.65 0.00 1.76
new Mahindra & Mahindra Automobile 545.53 1.75 0.00 1.75
up Aarti Industries Chemicals 29.71 2.43 0.00 1.74
equal Shree Cement Construction 51.48 2.12 0.00 1.58
equal Nestle India FMCG 80.23 1.72 0.00 1.56

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 30-Jun-2020

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:


-1.06%

Change from previous, NAV as on 14-Jul-2020

Dividend: ₹ 23.4200

Growth: ₹ 64.6800


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: 13.88%
Benchmark: S&P BSE 100 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 992 Cr (As on 30-Jun-2020)
Expense: 2.28% (As on 31-May-2020)
Risk Grade: Low
Return Grade: Above Average
Turnover: 157.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend28-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
 26-Mar-20041.5000
 16-Oct-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: 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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM