Mutual Funds

Canara Robeco Equity Tax Saver Fund

Canara Robeco Equity Tax Saver Fund Summary

The fund was launched on 2nd February 2009. Canara Robeco Equity Tax Saver Fund is an open ended ELSS with a 3 year lock-in period providing Tax Benefits under Sec 80 C of Income Tax Act. The fund benefits from long term investing due to its lock-in and benefits from power of compounding. The fund invests in both large and mid cap stocks with a ‘Growth’ style of investing. The fund invests 59.28% in large cap companies, 25.95% in mid cap companies and 12.11% in small cap companies.

Portfolio Diversification (as on 30th September, 2020)

Assets Allocation
Equity97.34%
Money Market Instruments2.66%
Allocation-sector wise% Weight
Software19.58%
Banks11.68%
Finance11.28%
Petroleum Products8.95%
Consumer Durables8.10%
Pharmaceuticals7.01%
Auto6.85%
Consumer Non-Durables5.74%
Chemicals4.68%
Cement2.16%
Pesticides1.89%
Textile Products1.63%
Transportation1.46%
Industrial Capital Goods1.38%
Fertilisers1.38%
Healthcare Services1.37%
Auto Ancillaries1.31%
Retailing0.89%
Money Market Instruments2.66%

Top 10 Holdings (as on 30th September, 2020)

Infosys Ltd9.18%
Reliance Industries Ltd8.95%
ICICI Bank Ltd5.64%
HDFC Bank Ltd4.96%
Tata Consultancy Services Ltd3.80%
Bajaj Finance Ltd3.52%
Hindustan Unilever Ltd2.95%
Divi’s Laboratories Ltd2.90%
Voltas Ltd2.28%
HDFC Life Insurance Co Ltd2.24%

Canara Robeco Equity Tax Saver Performance

Performance (as on 30th September, 2020)

 Period Fund Return Benchmark Return
 1 Y10.54-0.41
 3 Y9.325.17
 5 Y10.038.53
 Since Inception18.1114.75

Scheme Strategy

  • The objective of the fund is to provide long term capital appreciation by predominantly investing in equities.
  • Facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961.
  • The fund invests in both large and mid cap stocks with a ‘Growth’ style of investing.
  • The fund invests 59.28% in large cap companies, 25.95% in mid cap companies and 12.11% in small cap companies.

Fund Management

Canara Robeco Equity Tax Saver Fund is jointly managed by Ms. Cheenu Gupta and Mr. ShridattaBhandwaldar. They both have13+years of experience in the field of financial services. Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T). Prior to joining Canara Robeco Mutual Fund, she has worked with Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst. Mr. Bhandwaldar is a BE (Mechanical) and MMS (Finance). 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).

Important Measures (As on 30th September, 2020)

ComponentValue
Standard Deviation23.48
Beta0.91
R Squared0.92
Sharpe Ratio0.30
Portfolio Turnover Ratio1.6times

Benchmark Index: S&P BSE 100 TRI

Net AUM: ₹ 1,180.76 Crores

Expense Ratio: Regular plan- 2.26% Direct plan- 1.21%

Entry Load: N/A

Exit Load: N/A

Canara Robeco Equity Tax Saver Fund NAV (in Rs)*As per fund fact sheet 30th September,2020

Direct plan76.2900
Regular plan72.4000

Investment Risk: Moderately High Risk

Minimum investment Amount(one time- first time):500

Minimum investment Amount (additional purchase):500

Minimum SIP Amount:500

Scheme suitable only if you are an investor-

  1. With a high-risk appetite and a long investment horizon, preferably more than 3 years.
  2. Seeking capital appreciation and wealth creation over a period of time.
  3. Seeking Investment in equity and equity related securities with a statutory lock in of 3 years and tax benefit.

Tarrakki’s View

Canara Robeco Equity Tax Saver Fund has large-cap & mid-cap orientation with diversified portfolio. Banking and financials and information technology are the top themes the fund operates on. This scheme has shown consistently good performance without taking undue risks. This is a good fund to invest in the tax-saving category as it is a good performer in both benchmarks and peer category.

About Canara Robeco Equity Tax Saver Mutual Fund

Canara Robeco Mutual Fund is the second oldest Mutual Fund in India, established in December 1987 as Canbank Mutual Fund. Subsequently, in 2007, Canara Bank partnered with Robeco (now a part of ORIX Corporation, Japan) and the mutual fund was renamed as Canara Robeco Mutual Fund. Since then, it has consistently been one of the fastest growing mutual funds in India in terms of AUM. They offer a range of investment options, including diversified and thematic equity schemes, hybrid and monthly income funds and a wide range of debt and treasury products.

Address: Canara Robeco Asset Management Co. Ltd.

Construction House, 4th Floor, 5 WalchandHirachand Marg, Ballard Estate, Mumbai 400 001.

Email ID: crmf@canararobeco.com

Phone No: 1800 209 2726

Website: https://www.canararobeco.com/

By Tarrakki
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