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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 7th September, 2020)
| Assets Allocation | |
| Equity | 96.07% |
| Money Market Instruments | 3.93% |
| Allocation-sector wise | % Weight |
| Software | 19.58% |
| Banks | 11.68% |
| Finance | 11.28% |
| Petroleum Products | 8.95% |
| Consumer Durables | 8.10% |
| Pharmaceuticals | 7.01% |
| Auto | 6.85% |
| Consumer Non-Durables | 5.74% |
| Chemicals | 4.68% |
| Cement | 2.16% |
| Pesticides | 1.89% |
| Textile Products | 1.63% |
| Transportation | 1.46% |
| Industrial Capital Goods | 1.38% |
| Fertilisers | 1.38% |
| Healthcare Services | 1.37% |
| Auto Ancillaries | 1.31% |
| Retailing | 0.89% |
| Money Market Instruments | 2.66% |
Top 10 Holdings (as on 30th September, 2020)
| Infosys Ltd | 9.18% |
| Reliance Industries Ltd | 8.95% |
| ICICI Bank Ltd | 5.64% |
| HDFC Bank Ltd | 4.96% |
| Tata Consultancy Services Ltd | 3.80% |
| Bajaj Finance Ltd | 3.52% |
| Hindustan Unilever Ltd | 2.95% |
| Divi’s Laboratories Ltd | 2.90% |
| Voltas Ltd | 2.28% |
| HDFC Life Insurance Co Ltd | 2.24% |
Canara Robeco Equity Tax Saver Performance
Performance (as on 30th September, 2020)
| Period | Fund Return | Benchmark Return |
| 1 Y | 10.54 | -0.41 |
| 3 Y | 9.32 | 5.17 |
| 5 Y | 10.03 | 8.53 |
| Since Inception | 18.11 | 14.75 |
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)
| Component | Value |
| Standard Deviation | 23.48 |
| Beta | 0.91 |
| R Squared | 0.92 |
| Sharpe Ratio | 0.30 |
| Portfolio Turnover Ratio | 1.6times |
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 plan | 76.2900 |
| Regular plan | 72.4000 |
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-
- With a high-risk appetite and a long investment horizon, preferably more than 3 years.
- Seeking capital appreciation and wealth creation over a period of time.
- 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/
