February 21, 2024
mayank
Canara Robeco ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 164.0800
NAV IDCW: Rs 72.1900
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for all equity funds, you must invest only through the SIP route.
Fund’s 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.
Fund Manager:
1) Shridatta Bhandwaldar
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).
2) Vishal Mishra
Education: Mr. Mishra is a B. Com, A.C.A.
Experience: Presently he is associated with Canara Robeco Mutual Fund. His previous assignment was with Daiwa Asset Mgt (India) Pvt. Ltd, 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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Trailing Returns (%) of Canara Robeco ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco ELSS Tax Saver Dir | 2.89 | 0.24 | 2.21 | 12.58 | 18.23 | 30.60 | 17.20 | 21.41 | 18.35 | 18.49 |
| S&P BSE 500 TRI | 4.47 | 0.17 | 3.54 | 15.52 | 21.08 | 36.67 | 18.97 | 19.50 | 16.32 | 17.10 |
| Equity: ELSS | 4.75 | 0.16 | 3.62 | 14.65 | 21.78 | 37.61 | 19.87 | 20.18 | 16.40 | 18.40 |
| Rank within category | 30 | 13 | 35 | 30 | 27 | 30 | 29 | 10 | 5 | 11 |
| Number of funds in category | 39 | 39 | 39 | 39 | 38 | 36 | 33 | 31 | 29 | 25 |
Peer Comparison of Canara Robeco ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Canara Robeco ELSS Tax Saver Dir | 4 star | 30.60 | 17.20 | 21.41 | 0.57 | 7,155 | 16.45 | — | 11Y 1M | 30.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 34.06 | 18.42 | 22.05 | 0.59 | 20,950 | 20.50 | — | 8Y 1M | 93.00 |
| SBI Long Term Equity Dir | 5 star | 56.55 | 26.47 | 23.34 | 0.98 | 20,085 | 17.09 | — | 11Y 1M | 14.00 |
| DSP ELSS Tax Saver Dir | 4 star | 40.68 | 21.71 | 22.61 | 0.68 | 13,846 | 18.36 | — | 11Y 1M | 37.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 44.28 | 25.92 | 20.12 | 1.14 | 13,441 | 15.64 | — | 11Y 1M | 29.85 |
Portfolio Analysis of Canara Robeco ELSS Tax Saver Fund
| No. of Stocks | 65 |
| Top 10 Stocks | 37.44% |
| Top 5 Stocks | 24.87% |
| Top 3 Sectors | 46.72% |
| Portfolio P/B Ratio | 4.30 |
| Portfolio P/E Ratio | 27.46 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,95,893 | 1,59,260 |
| Giant (%) | 57.47 | 51.80 |
| Large (%) | 19.81 | 19.78 |
| Mid (%) | 20.46 | 23.69 |
| Small (%) | 2.26 | 6.57 |
| Tiny (%) | — | 0.28 |
How to Invest in Canara Robeco ELSS Tax Saver Fund?
Chanakya’s Mutual Fund Guidance For Canara Robeco ELSS Tax Saver Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.canararobeco.com/product/productlist
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