₹ 96.15
NAV (Mar 02)
Top Ranked
Scripbox recommends other funds for investment in tax saving.
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Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
Track Record
12 Years. The Fund has Sufficient history for analysis and the track record is good.
Relative Size
1,535 Cr. Large within the category
Category View
Positive. The category has a positive investment outlook
Consistency Of Performance
Good. The historical performance of the fund has been good
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
No single fund can achieve what a plan can. Learn why
Scheme Information
(ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act,1961. However,there can be no assurance that the investment objective of the scheme will be realized.
Low
Low to Moderate
Moderate
Moderately High
High
Very High
Very High Risk
2.29 %
Expense Ratio
Feb 02, 2009
Launched (12y ago)
₹ 1,535
AUM in Crores
INF760K01100
ISIN
3
Lock-in
S&P BSE 100 India TR INR
Benchmark
₹ 500
SIP Minimum
₹ 500
Lumpsum Min.
Returns Calculator Comparison
of
for
with step up of
Instrument | Returns | Total Corpus | Gains | Annualised % |
---|---|---|---|---|
Mutual Fund | ₹ 965,796 | ₹ 233,184 | 11.25% | |
EPF | ₹ 900,761 | ₹ 168,149 | 8.50% | |
Property | ₹ 867,662 | ₹ 135,050 | 7.00% | |
PPF | ₹ 869,819 | ₹ 137,207 | 7.10% | |
Bank FD | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Gold | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Savings Bank | ₹ 825,950 | ₹ 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
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About the AMC
Canara Robeco Asset Management Co. Ltd.
Canara Robeco Asset Management Co. Ltd. manages assets worth 27,167 crores and was set up on 2 March 1993. It's current offering of mutual fund schemes includes 22 equity,41 debt and 8 hybrid funds.
Liquid
Top Ranked
₹ 1,517 Cr
Fund Size
5.6%
3Y returns
Diversified
Top Ranked
₹ 7,203 Cr
Fund Size
11.5%
3Y returns
Large Cap
Top Ranked
₹ 1,505 Cr
Fund Size
16%
3Y returns
Diversified
Top Ranked
₹ 3,120 Cr
Fund Size
14.4%
3Y returns
Tax Saving
Top Ranked
₹ 1,534 Cr
Fund Size
17.2%
3Y returns
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
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Canara Robeco Equity Taxsaver fund (G) is a tax saving equity fund and has delivered an annualised return of 20.5% over a period of 12 years ..The fund is managed by Canara Robeco Asset Management Co. Ltd..The fund managers are Cheenu Gupta, Shridatta Bhandwaldar
(ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act,1961. However,there can be no assurance that the investment objective of the scheme will be realized. However, there is no assurance that the objective of the scheme will be realized.
The Canara Robeco Equity Taxsaver fund (G) fund was launched on Feb 02, 2009. The NAV (Net Asset Value) of this tax saving equity as of 2021-03-02 is ₹ 96.15. The total AUM (Asset Under Management) of the fund as of 2021-03-02 is ₹ 1534.054. The category risk of the Canara Robeco Equity Taxsaver fund (G) fund is Very High Risk. The fund charges 2.29 % as expense ratio.
The fund’s highest allocation is towards equity and has invested 97.5% in this asset class. The top three holdings of the fund are infosys ltd,icici bank ltd and hdfc bank ltd
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 500 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to S&P BSE 100 India TR INR
Canara Robeco Equity Taxsaver fund (G) has a score of 4 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, Canara Robeco Equity Taxsaver fund (G) has a score of 4 out of 5. Scipbox has rated this fund 4 out of 5 based on consistency of performance over various years / tenures.