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  • Canara Robeco Mutual Funds
  • Canara Robeco Equity Taxsaver fund (Growth)
Canara Robeco Mutual Funds

Canara Robeco Equity Taxsaver Fund (Growth)

EquityTax Saving

Recommended

Top Ranked

120.41

NAV (Jan 19)

20.5%
5 Year CAGR
Scripbox Opinion

Recommended

Canara Robeco Equity Taxsaver fund (Growth) is recommended for investment within tax saving mutual funds.

Tax saving funds provides tax saving with inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Our analysis of this fundLearn how we rate funds ->

Track Record

13 Years. The Fund has Sufficient history for analysis and the track record is good.

Relative Size

3,099 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 this fund
Invest in this fund as part of a scientific Scripbox plan. Explore the plan below.
Tax Saver Plan

Tax Saver Plan

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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    Historical growth rate of 12% per annum
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    Recommended Duration > 5 years
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    3 Years
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    Save Tax

No single fund can achieve what a plan can. Learn why

Historical NAV

120.41

NAV (Jan 19)

Fund Returns

Last 1Y

33%

Last 3Y

24.8%

Last 5Y

20.5%

Last 10Y

17.5%

Since Inception

21.2%

6 Month CAGR

13.6%

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Scheme Information

Investment Objective

ELSS seeking to provide long term capital appreciation by predominantly investing in equities 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.

Expense Ratio

2.06

Launched (13y ago)

Feb 02, 2009

AUM in Crores

3098.272

ISIN

INF760K01100

Lock-in

3

Benchmark

S&P BSE 500 India TR INR

SIP Minimum

500

Lumpsum Min.

500

Fund Managers
user-avatar

Shridatta Bhandwaldar

Fund Manager

user-avatar

Vishal Mishra

Fund Manager

calculator

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 93,3385.00%

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.

comparison

Comparison with Equity Funds

Fund NameScripbox OpinionFund SizeTrack Record
SBI Focused Equity Fund (G)
SBI Focused Equity Fund (G)

₹ 23,716 cr

5

₹ 5,282 cr

5

₹ 5,841 cr

5

₹ 4,433 cr

5

₹ 3,651 cr

5

amc-icon

About the AMC

Canara Robeco Asset Management Co. Ltd.

Canara Robeco Asset Management Co. Ltd. manages assets worth 49,295 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.

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  • tel-amc-about
    022-66585000
  • mail-amc-about
    crmf@canararobeco.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    24.8%

    21.2%

    22.3%

    14.7%

    22.3%

    14.7%

    4.3%

    7.1%

    23.9%

    18.3%

    growth

    Tax Saver Plan

    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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      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
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      3 Years
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      Save Tax
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      One-click investing and tracking
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      Zero fees for all your investments
    Mirae Asset Tax Saver Fund (Growth)

    Mirae Asset Tax Saver Fund (Growth)

    Equity

    Tax Saving

    Canara Robeco Equity Taxsaver fund (Growth)

    Canara Robeco Equity Taxsaver fund (Growth)

    Equity

    Tax Saving

    Canara Robeco Equity Taxsaver Fund- Growth is an open-ended equity-linked savings scheme ELSS. An equity-linked savings scheme provides long-term capital appreciation and growth along with tax saving under Direct Taxes. Being a diversified ELSS the scheme invests in large-cap and select mid-cap companies. The portfolio comprises growth-oriented and fundamentally strong companies. The fund has the capability of being a part of the core investment portfolio of an investor.  

    On average, the fund invests 80% to 100% of its assets in equity and equity-related instruments. While the investment in debt and money market instruments is 0% to 20% of its corpus. Due to the nature of the fund, the lock-in period is 3 years. Hence, an investor seeking a long-term investment plan couple with tax-saving may consider investing in this fund. The fund is co-managed by Mr. Shridatta Bhandwaldar, and Mr. Vishal Mishra.

    Canara Robeco Equity Taxsaver Fund- Growth Investment Objective

    The investment objective of the scheme is to provide long-term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of the scheme will be realized. Canara Robeco Equity Taxsaver Fund- Growth provides a dual benefit of long-term growth and tax savings. 

    ELSS qualify for a tax deduction of up to Rs 1.5 lakh under section 80C of the Income Tax Act, 1961. As of 29th June 2021, the scheme allocates 97.58% of its assets in equities and 2.52% of its assets in others.

    Canara Robeco Equity Taxsaver Fund- Growth Scheme Details

    On 2nd February 2009 Canara Robeco Mutual Fund launched Canara Robeco Equity Taxsaver Fund- Growth. With existence of 12 years, the fund continuously provide long-term appreciation consistently fulfilling its investment objectives to its investors.

    NAV and Returns – The NAV of the fund as of 29th June 2021 is Rs 103.91. The risk-o-meter of the fund is very high risk. Hence, an investor must understand that their principal amount of investment will be at very high risk. Canara Robeco Equity Taxsaver Fund-Growth has delivered a return of 20.80% since its inception.

    Minimum Investment – The fund requires a minimum SIP investment of Rs 500. To make a lump sum investment an investor must invest a minimum amount of Rs 500.

    Expense Ratio and Exit Load – The fund charges an expense ratio of 2.14% on the units of the mutual funds at the NAV. The does not charge an exit load.

    Fund Manager – The fund is co-managed by Mr. Shridatta Bhandwaldar and Mr. Vishal Mishra. Mr. Shridatta Bhandwaldar comes with the experience of 14 years in fund management. He has been managing the fund since 1st October 2019. Mr. Shridatta manages 8 open-ended schemes of Canara Robeco Mutual Fund. Currently, Mr. Bhandwalda is the Head of Equities at Canara Robeco Asset Management Co. Ltd. Mr. Vishal Mishra has been managing the fund since 28h June 2021. He possesses a wide experience of over 10 years in the field of equity research & credit research. 

    Other Details – Due to the nature of the scheme, the fund has a lock-in period of 3 years from the date of the initial investment. An investor cannot redeem any number of units before the expiry of the tenure of 3 years. As of 29th June 2021, the AUM of Canara Robeco Equity Taxsaver Fund- Growth is Rs 2,227 cr. The fund benchmarks to S&P BSE 100 India TR INR and aims to beat the benchmark through active management of the portfolio.

    1 Year Return65.30%
    3 Years Return20.30%
    5 Years Return18%
    10 Years Return14.80%
    Returns Updated as of 29th June 2021

    Canara Robeco Equity Taxsaver Fund- Growth Top Stock Holdings

    The Canara Robeco Equity Taxsaver Fund-Growth has invested its assets majorly in the stocks of the following companies:

    CompanyPercentage of Holding (As of 29th June 2021)
    Infosys Limited8.80%
    HDFC Bank Limited8.10%
    ICICI Bank Limited7.50%
    Larsen & Toubro Limited SHS Dematerialised4.50%
    Tata Consultancy Services Limited4.10%
    Housing Development Finance Corp Limited3.40%
    Bajaj Finance Limited3.30%
    Axis Bank Limited3.10%

    Asset Allocation of Canara Robeco Equity Taxsaver Fund- Growth

    The Canara Robeco Equity Taxsaver Fund-Growth has invested in the following sectors:

    SectorPercentage of Holding (As of 29th June 2021)
    Financial Services33.20%
    Technology16.30%
    Industrials12.30%
    Consumer Cyclical11.60%
    Basic Materials10.90%
    Healthcare5.60%
    Consumer Defensive2.90%
    Energy2%
    Communication Services1.70%
    Utilities0.90%

    Canara Robeco Equity Taxsaver Fund- Growth Review

    Canara Robeco Equity Taxsaver  Fund-Growth is recommended by Scripbox within the equity-linked tax saving mutual fund category. Tax saving mutual funds provide inflation-beating growth and appreciation over the long term. ELSS is suitable for an investment goal of capital appreciation and tax saving under direct taxes. 

    1. With an existence of over 12 years, the fund has sufficient history for analysis of the fund. The track record is good.
    2. With an AUM or relative size of Rs 2,227 cr, the fund has a large size within its category of tax-saving mutual funds.
    3. Over a period of time, the funds have been performing well consistently by achieving benchmark beating returns. 

    How Scripbox Algorithmically Selects Mutual Funds?

    Scripbox uses time-tested principles, historical data, and valid assumptions about asset classes. We combine them with a rigorous process to finalize which asset classes make the most sense for specific types of objectives, considering the time needed to achieve them.

    Once we select an asset class, our algorithm goes to work to select the best financial products.

    The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:

    • Track record of the product – how long has it been around?
    • Assets under management – how big is it – for example, the size of a mutual fund
    • Liquidity – how easy is it to move in or out of the product?
    • Consistency of performance – how much have the returns fluctuated?
    • The risk associated with the product – what risks impact the product?
    • Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds

    With such a scientific and detailed approach Scripbox ensures:

    • Bias free product selection – commissions don’t sway our decisions
    • Minimal human intervention and thus minimal impact of emotions and behavioral biases
    • Consideration of the maximum number of factors that can impact an investment product
    • Application of logic to investment product selection 

    Our investment product selection science helps us help you, without biases clouding the evaluation.

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