Canara Robeco Equity Tax Saver Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
21.58%
3Y annualised
-2.00% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 26 Sep 2022₹122.80
Min. SIP amount₹500
Rating5
Fund size₹3,957.26Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-1.4%21.6%16.7%15.5%
Category average4.1%18.6%11.3%NA
Rank with in category1652NA
Understand terms

Holdings (53)

NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity8.3%
HDFC Bank Ltd.FinancialEquity6.6%
Infosys Ltd.TechnologyEquity6.0%
Reliance Industries Ltd.EnergyEquity4.4%
State Bank of IndiaFinancialEquity3.6%
Axis Bank Ltd.FinancialEquity3.4%
Tata Consultancy Services Ltd.TechnologyEquity2.5%
ABB India Ltd.Capital GoodsEquity2.4%
Maruti Suzuki India Ltd.AutomobileEquity2.4%
Schaeffler India Ltd.Capital GoodsEquity2.4%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

3Y and 5Y annualised returns higher than category average
1Y annualised returns lower than category average by 5.56%
Higher alpha: 5.28 The fund has generated returns higher than benchmark - S&P BSE 500 Total Return Index - in the last 3Y
Lock-in period: 3Y
Exit load is zero
Lower expense ratio: 0.6%

Expense ratio, exit load and tax

Expense ratio: 0.60%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns 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 amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

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

Fund house & investment objective

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
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,

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