Overview
Canara Robeco ELSS Tax Saver Direct Growth
Canara Robeco Mutual Fund
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.
Investments in Canara Robeco ELSS Tax Saver Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 184.88
Fund Size (AUM)
₹8277.15 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹500
Launch Date
02-Jan-2013
Expense Ratio
0.56%
Exit Load
Nil
Benchmark
BSE 500 Total Return Index
Standard Deviation
14.06
History
Performance & Ratios
1-Year SIP Return
-3.48%
3-Year SIP Return
14.84%
5-Year SIP Return
17.0%
Mean Return
12.99%
Alpha
0.44
Beta
0.93
Sharpe Ratio
0.55
Sortino Ratio
1.0
Information Ratio
-0.03
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 11.72% | 15.14% | 24.86% | 15.98% |
| Category Average | 8.98% | 15.47% | 24.59% | N/A |
| Rank Within Category | 17 | 22 | 23 | N/A |
Holdings (68)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 7.68% |
| ICICI Bank Ltd. | Financial | Equity | 7.1% |
| Infosys Ltd. | Technology | Equity | 4.2% |
| Reliance Industries Ltd. | Energy | Equity | 3.69% |
| Bharti Airtel Ltd. | Communication | Equity | 3.38% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.74% |
| Bajaj Finance Ltd. | Financial | Equity | 2.68% |
| State Bank of India | Financial | Equity | 2.35% |
| NTPC Ltd. | Energy | Equity | 2.28% |
| Axis Bank Ltd. | Financial | Equity | 2.07% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| SBI Long Term Equity Fund Direct Plan Growth | 27730.33 | 10.73 | 23.93 | 0.95 | N/A |
| Motilal Oswal ELSS Tax Saver Fund Direct Growth | 3816.77 | 12.31 | 23.88 | 0.7 | N/A |
| HDFC ELSS Tax Saver Fund Direct Plan Growth | 15555.71 | 17.21 | 22.66 | 1.11 | N/A |
| Parag Parikh ELSS Tax Saver Fund Direct Growth | 4905.72 | 16.5 | 18.89 | 0.63 | N/A |
| Quantum ELSS Tax Saver Fund Direct Growth | 209.18 | 13.07 | 18.26 | 0.89 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 5, 15, 20, 25
Min Amount: ₹ 500
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 5, 15, 20, 25
Min Amount: ₹ 500
Min Installments: 6
AMC Details
Asset Management Company
Canara Robeco Mutual Fund
Canara Robeco Mutual Fund started their mutual fund on 19/12/1987 and its managing total assets of ₹11,895 Cr. Its ranked at 20 as per total assets at end of 30th Sep 2017. Canara Robeco Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Canara Robeco is a Asset management company is a joint venture between Canara Bank and Robeco, a Dutch asset management company. Canara Robeco is the second oldest mutual fund in the country and was started in December 1987 (As Canara Mutual Fund).
Canara Robeco Mutual Fund presents a wide variety of funds in various different categories such as equity, debt and hybrid and income. Being a trusted brand, it strongly believes in providing world class investment services to all its customers. As of June 2018, the Asset Under Management of the company is Rs.1,337,458.48.
The equity shareholding structure comprises of Canara Bank owning 51% shares and Robeco Group owning 49% shares. Being one of the oldest mutual fund companies, it has made its mark in the mutual fund industry through its constant and stable performance across different market capitalization.
Launch Date
1987-12-19T00:00:00.269Z
Total AUM
₹ 97703.54 Cr
Address
4th Floor - Construction House,5 - Walchand Hirachand Marg, Mumbai 400001
Phone
022-22621371/ 66585000 / 665850010
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Canara Robeco ELSS Tax Saver Direct Growth
Canara Robeco Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Canara Robeco ELSS Tax Saver Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Canara Robeco ELSS Tax Saver Direct Growth?
The top stocks held by Canara Robeco ELSS Tax Saver Direct Growth include HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd..
Which industries does Canara Robeco ELSS Tax Saver Direct Growth invest in?
Canara Robeco ELSS Tax Saver Direct Growth primarily invests in the following industries: Financial, Technology, Energy.
Who are the fund managers of Canara Robeco ELSS Tax Saver Direct Growth?
The fund managers of Canara Robeco ELSS Tax Saver Direct Growth are Vishal Mishra and Shridatta Bhandwaldar.
How many years has the fund manager been managing Canara Robeco ELSS Tax Saver Direct Growth?
Vishal Mishra:
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Shridatta Bhandwaldar:
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What is the minimum investment for Canara Robeco ELSS Tax Saver Direct Growth?
The minimum investment for Canara Robeco ELSS Tax Saver Direct Growth is ₹500 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for Canara Robeco ELSS Tax Saver Direct Growth?
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What are the average 3-year returns for Canara Robeco ELSS Tax Saver Direct Growth?
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What is the expense ratio of Canara Robeco ELSS Tax Saver Direct Growth, and how does it compare to its category?
The expense ratio of Canara Robeco ELSS Tax Saver Direct Growth is 0.56%. The average expense ratio for similar funds in the Equity is Calculating....