How to Invest in Canara Robeco Equity Tax Saver Direct IDCW?

You can easily invest in Canara Robeco Equity Tax Saver Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Canara Robeco Equity Tax Saver Direct IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Canara Robeco Equity Tax Saver Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Canara Robeco Equity Tax Saver Direct IDCW provide?

The Canara Robeco Equity Tax Saver Direct IDCW has been there from 02 Jan 2013 and the average annual returns provided by this fund is 0.37% since its inception.

How much expense ratio is charged by Canara Robeco Equity Tax Saver Direct IDCW?

The term Expense Ratio used for Canara Robeco Equity Tax Saver Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Canara Robeco Equity Tax Saver Direct IDCW is 0.64% as of 01 Apr 2023...

What is the AUM of Canara Robeco Equity Tax Saver Direct IDCW?

The AUM, short for Assets Under Management of Canara Robeco Equity Tax Saver Direct IDCW is ₹4,685.85Cr as of 01 Apr 2023.

How to Redeem Canara Robeco Equity Tax Saver Direct IDCW?

If you want to sell your Canara Robeco Equity Tax Saver Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Canara Robeco Equity Tax Saver Direct IDCW?

You can select either SIP or Lumpsum investment of Canara Robeco Equity Tax Saver Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of Canara Robeco Equity Tax Saver Direct IDCW?

The NAV of Canara Robeco Equity Tax Saver Direct IDCW is ₹55.43 as of 31 Mar 2023.

What is the PE and PB ratio of Canara Robeco Equity Tax Saver Direct IDCW?

The PE ratio ratio of Canara Robeco Equity Tax Saver Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Canara Robeco Equity Tax Saver Direct IDCW - NAV, Mutual Fund Performance & Portfolio

Canara Robeco Equity Tax Saver Direct IDCW
Equity
ELSS
Very High Risk
Payout
3Y Lock In
28.73%
3Y annualised
+0.86% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 31 Mar 2023₹55.43
Min. SIP amount₹500
Rating5
Fund size₹4,685.85Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns0.4%28.7%15.3%14.6%
Category average-0.4%26.6%10.1%NA
Rank with in category18163NA
Understand terms
Holdings (63)NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity7.5%
ICICI Bank Ltd.FinancialEquity7.2%
Infosys Ltd.TechnologyEquity5.8%
Reliance Industries Ltd.EnergyEquity5.2%
State Bank of IndiaFinancialEquity4.0%
Axis Bank Ltd.FinancialEquity3.5%
Tata Consultancy Services Ltd.TechnologyEquity3.0%
Housing Development Finance Corporation Ltd.FinancialEquity2.6%
Ultratech Cement Ltd.ConstructionEquity2.4%
Bharti Airtel Ltd.CommunicationEquity2.1%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity ELSS
Pros
Cons
Consistently higher annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Lock-in period: 3Y
Higher alpha: 4.94
The fund has generated returns higher than benchmark - S&P BSE 500 Total Return Index - in the last 3Y 
Exit load is zero
Lower expense ratio: 0.64%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
28 Feb 2023 - Present
0.64%
31 Dec 2022 - 28 Feb 2023
0.61%
31 Dec 2022 - 31 Dec 2022
0.61%
30 Nov 2022 - 31 Dec 2022
0.61%
30 Nov 2022 - 30 Nov 2022
0.61%
30 Nov 2022 - 30 Nov 2022
0.61%
31 Oct 2022 - 30 Nov 2022
0.59%
31 Oct 2022 - 31 Oct 2022
0.59%
31 Oct 2022 - 31 Oct 2022
0.59%
30 Sep 2022 - 31 Oct 2022
0.60%
30 Sep 2022 - 30 Sep 2022
0.60%
30 Sep 2022 - 30 Sep 2022
0.60%
31 Aug 2022 - 30 Sep 2022
0.59%
31 Aug 2022 - 31 Aug 2022
0.59%
31 Jul 2022 - 31 Aug 2022
0.60%
31 Jul 2022 - 31 Jul 2022
0.60%
30 Jun 2022 - 31 Jul 2022
0.66%
30 Jun 2022 - 30 Jun 2022
0.66%
31 May 2022 - 30 Jun 2022
0.66%
31 May 2022 - 31 May 2022
0.66%
30 Apr 2022 - 31 May 2022
0.62%
30 Apr 2022 - 30 Apr 2022
0.62%
31 Mar 2022 - 30 Apr 2022
0.69%
31 Mar 2022 - 31 Mar 2022
0.69%
28 Feb 2022 - 31 Mar 2022
0.73%
28 Feb 2022 - 28 Feb 2022
0.73%
31 Jan 2022 - 28 Feb 2022
0.73%
31 Dec 2021 - 31 Jan 2022
0.74%
30 Nov 2021 - 31 Dec 2021
0.76%
31 Oct 2021 - 30 Nov 2021
0.75%
30 Sep 2021 - 31 Oct 2021
0.80%
31 Aug 2021 - 30 Sep 2021
0.81%
31 Jul 2021 - 31 Aug 2021
0.84%
30 Jun 2021 - 31 Jul 2021
0.75%
31 May 2021 - 30 Jun 2021
0.87%
30 Apr 2021 - 31 May 2021
1.03%
31 Mar 2021 - 30 Apr 2021
1.13%
28 Feb 2021 - 31 Mar 2021
1.06%
31 Jan 2021 - 28 Feb 2021
1.08%
31 Dec 2020 - 31 Jan 2021
1.17%
30 Nov 2020 - 31 Dec 2020
1.19%
31 Oct 2020 - 30 Nov 2020
1.22%
30 Sep 2020 - 31 Oct 2020
1.21%
31 Aug 2020 - 30 Sep 2020
1.22%
31 Jul 2020 - 31 Aug 2020
1.23%
30 Jun 2020 - 31 Jul 2020
1.24%
31 May 2020 - 30 Jun 2020
1.19%
30 Apr 2020 - 31 May 2020
1.29%
31 Mar 2020 - 30 Apr 2020
1.41%
29 Feb 2020 - 31 Mar 2020
1.35%
31 Jan 2020 - 29 Feb 2020
1.33%
31 Dec 2019 - 31 Jan 2020
1.33%
30 Nov 2019 - 31 Dec 2019
1.38%
31 Oct 2019 - 30 Nov 2019
1.38%
30 Sep 2019 - 31 Oct 2019
1.27%
31 Aug 2019 - 30 Sep 2019
1.16%
31 Jul 2019 - 31 Aug 2019
1.28%
30 Jun 2019 - 31 Jul 2019
1.38%
31 May 2019 - 30 Jun 2019
1.41%
30 Apr 2019 - 31 May 2019
1.49%
31 Mar 2019 - 30 Apr 2019
1.53%
28 Feb 2019 - 31 Mar 2019
1.54%
31 Jan 2019 - 28 Feb 2019
1.52%
31 Dec 2018 - 31 Jan 2019
1.46%
30 Nov 2018 - 31 Dec 2018
1.47%
31 Oct 2018 - 30 Nov 2018
1.52%
30 Sep 2018 - 31 Oct 2018
1.51%
31 Aug 2018 - 30 Sep 2018
1.32%
31 Jul 2018 - 31 Aug 2018
1.34%
30 Jun 2018 - 31 Jul 2018
1.30%
31 May 2018 - 30 Jun 2018
1.31%
30 Apr 2018 - 31 May 2018
1.31%
31 Mar 2018 - 30 Apr 2018
1.33%
28 Feb 2018 - 31 Mar 2018
1.35%
31 Jan 2018 - 28 Feb 2018
1.53%
31 Dec 2017 - 31 Jan 2018
1.56%
30 Nov 2017 - 31 Dec 2017
1.58%
31 Oct 2017 - 30 Nov 2017
1.58%
Expense ratio, exit load and taxExpense ratio: 0.64%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementVishal Mishra
Jun 2021 - Present
View details
Education
Mr. Mishra is a B. Com, A.C.A.
Experience
He has more than 10 yrs of experience in the areas of equity research & credit research. Presently he is associated with Daiwa Asset Mgt (India) Pvt. Ltd for the past four years. His previous assignment was with Collins Stewart India Pvt. Ltd. as Asst. Vice President Research. He was also been associated with IL&FS Investment Ltd, Crisil Ltd and Quantum Information Services Ltd.
Also manages these schemes
Canara Robeco Equity Tax Saver Regular IDCW
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Canara Robeco Equity Tax Saver Regular Growth
Canara Robeco Bluechip Equity Fund Regular Growth
Canara Robeco Bluechip Equity Fund Regular IDCW
Canara Robeco Infrastructure Direct Growth
Canara Robeco Infrastructure Direct IDCW
Canara Robeco Bluechip Equity Fund Direct Growth
Canara Robeco Bluechip Equity Fund Direct IDCW
Canara Robeco Equity Tax Saver Direct Growth
Canara Robeco Equity Tax Saver Direct IDCW
Canara Robeco Dual Advantage Fund Series 1 Regular Growth
Canara Robeco Dual Advantage Fund Series 1 Regular IDCW
Canara Robeco Capital Protection Oriented Fund Series 10 Regular Growth
Canara Robeco Value Fund Direct Growth
Canara Robeco Value Fund Direct IDCW
Canara Robeco Value Fund Regular IDCW
Canara Robeco Value Fund Regular Growth
Shridatta Bhandwaldar
Oct 2019 - Present
View details
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).
Also manages these schemes
Canara Robeco Equity Tax Saver Regular IDCW
Canara Robeco Conservative Hybrid Fund Regular IDCW Monthly
Canara Robeco Conservative Hybrid Fund Regular Growth
Canara Robeco Flexi Cap Fund Regular Growth
Canara Robeco Flexi Cap Fund Regular IDCW
Canara Robeco Flexi Cap Fund Bonus
Canara Robeco Emerging Equities Fund Regular Growth
Canara Robeco Emerging Equities Fund Regular IDCW
Canara Robeco Infrastructure Fund Regular IDCW
Canara Robeco Infrastructure Fund Regular Growth
Canara Robeco Equity Hybrid Fund Regular Growth
Canara Robeco Equity Hybrid Fund Regular IDCW Monthly
Canara Robeco Equity Tax Saver Regular Growth
Canara Robeco Consumer Trends Fund Regular Growth
Canara Robeco Consumer Trends Fund Regular IDCW
Canara Robeco Conservative Hybrid Fund Regular IDCW Quarterly
Canara Robeco Bluechip Equity Fund Regular Growth
Canara Robeco Bluechip Equity Fund Regular IDCW
Canara Robeco Infrastructure Direct Growth
Canara Robeco Infrastructure Direct IDCW
Canara Robeco Bluechip Equity Fund Direct Growth
Canara Robeco Bluechip Equity Fund Direct IDCW
Canara Robeco Equity Hybrid Fund Direct IDCW Monthly
Canara Robeco Equity Hybrid Fund Direct Growth
Canara Robeco Consumer Trends Fund Direct Growth
Canara Robeco Consumer Trends Fund Direct IDCW
Canara Robeco Flexi Cap Fund Direct Growth
Canara Robeco Flexi Cap Fund Direct IDCW
Canara Robeco Emerging Equities Fund Direct IDCW
Canara Robeco Emerging Equities Fund Direct Growth
Canara Robeco Equity Tax Saver Direct Growth
Canara Robeco Equity Tax Saver Direct IDCW
Canara Robeco Conservative Hybrid Fund Direct Growth
Canara Robeco Conservative Hybrid Fund Direct IDCW Quarterly
Canara Robeco Conservative Hybrid Fund Direct IDCW Monthly
Canara Robeco Capital Protection Oriented Fund Series 8 Direct Growth
Canara Robeco Capital Protection Oriented Fund Series 8 Regular Growth
Canara Robeco Capital Protection Oriented Fund Series 9 Regular Growth
Canara Robeco Capital Protection Oriented Fund Series 9 Direct Growth
Canara Robeco Small Cap Fund Regular Growth
Canara Robeco Small Cap Fund Regular IDCW
Canara Robeco Small Cap Fund Direct Growth
Canara Robeco Small Cap Fund Direct IDCW
Canara Robeco Focused Equity Fund Direct IDCW
Canara Robeco Focused Equity Fund Direct Growth
Canara Robeco Focused Equity Fund Regular Growth
Canara Robeco Focused Equity Fund Regular IDCW
Canara Robeco Mid Cap Fund Regular Growth
Canara Robeco Mid Cap Fund Direct Growth
Canara Robeco Mid Cap Fund Direct IDCW
Canara Robeco Mid Cap Fund Regular IDCW
Fund house & investment objective
Canara Robeco Mutual Fund
Rank (total assets)#18 in India
Total AUM₹47,886.19Cr
Date of Incorporation19 Dec 1987
 Canara Robeco Equity Tax Saver Direct IDCW is a Equity Mutual Fund Scheme launched by Canara Robeco Mutual Fund. This scheme was made available to investors on 19 Dec 1987. Ravi Gopalakrishnan, Yogesh Patil is the Current Fund Manager of Canara Robeco Equity Tax Saver Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹47,886 Cr and the Latest NAV as of 31 Mar 2023 is ₹55.43.
The Canara Robeco Equity Tax Saver Direct IDCW is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.
;
Investment ObjectiveThe 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.
;
Fund benchmarkS&P BSE 500 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
4th Floor - Construction House,5 - Walchand Hirachand Marg,Ballard Estate, Mumbai 400001
Phone
022-22621371/ 66585000 / 665850010
Launch Date
19 Dec 1987
E-mail
[email protected]
Website
NA
Canara Robeco Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Canara Robeco Equity Tax Saver Direct IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	0.4%	28.7%	15.3%	14.6%
Category average	-0.4%	26.6%	10.1%	NA
Rank with in category	18	16	3	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	7.5%
ICICI Bank Ltd.	Financial	Equity	7.2%
Infosys Ltd.	Technology	Equity	5.8%
Reliance Industries Ltd.	Energy	Equity	5.2%
State Bank of India	Financial	Equity	4.0%
Axis Bank Ltd.	Financial	Equity	3.5%
Tata Consultancy Services Ltd.	Technology	Equity	3.0%
Housing Development Finance Corporation Ltd.	Financial	Equity	2.6%
Ultratech Cement Ltd.	Construction	Equity	2.4%
Bharti Airtel Ltd.	Communication	Equity	2.1%

Rank (total assets)	#18 in India
Total AUM	₹47,886.19Cr

Date of Incorporation	19 Dec 1987

Fund benchmark	S&P BSE 500 Total Return Index

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Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	5
Fund size	₹4,685.85Cr

Canara Robeco Equity Tax Saver Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (63)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.64%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Vishal MishraJun 2021 - PresentView details

Shridatta BhandwaldarOct 2019 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Vishal Mishra
Jun 2021 - Present
View details

Shridatta Bhandwaldar
Oct 2019 - Present
View details