Canara Robeco ELSS Tax Saver Fund- Regular Plan -IDCW (Payout)

Canara Robeco ELSS Tax Saver Fund- Regular Plan -IDCW (Payout) is a fund scheme from Canara mutual fund. It falls under a ELSS category. After being launched on 1998-09-30. Canara Robeco ELSS Tax Saver Fund- Regular Plan -IDCW (Payout) has achieved Rs 8375.66 Crores worth of assets under management (AUM). It allows minimum SIP of Rs 500 and lumpsum of Rs 500 to start the investment. The expense ratio of this fund is 1.7%.

• Investing Strategy:

  ELSS seeking to provide long term capital appreciation by predominantly investing in equities to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of the scheme will be realized.

• Performance:

  Canara Robeco ELSS Tax Saver Fund- Regular Plan -IDCW (Payout) trailing returns over different times are 5.33% (1 year), 14.76% (3 year), 18.14% (5 year). The average annual return of this fund stands at 5.33%

• Fund Manager & Portfolio Allocation:

  Vishal Mishra, Shridatta Bhandwaldar are the current fund managers of this mutual fund. The fund has a majority of its money invested in the top 5 sectors such as Banks, IT - Software, Finance, Pharmaceuticals & Biotechnology, Automobiles Sectors. First five holdings of this fund are HDFC BANK LIMITED EQ NEW FV RE. 1/-, ICICI BANK LIMITED EQ NEW FV RS. 2/-, INFOSYS LIMITED EQ FV RS 5, RELIANCE INDUSTRIES LIMITED EQ, BHARTI AIRTEL LIMITED EQ NEW FV RS 5/- Companies.