|Fund Type||Open Ended|
|Benchmark||S&P BSE 100 TRI|
|Asset Size(Cr)||158.37 (As on Jan 31, 2019)|
|Fund Manager||Cheenu Gupta|
|Min SIP Investment||500|
|Min Addl Investment||500|
|Period||Returns(%)||Benchmark Returns (%)|
- Returns for less than one year are Absolute, and those for more than one year are Annualised (CAGR).
- All the returns are calculated as against the performance of Nifty Free Float Midcap 100.
- The benchmark for the funds falling in small- and mid-cap category is Nifty Free Float Midcap 100.
|Fund Name||Ratings||1 Yr Rtn.||3 Yr Rtn.||5 Yr Rtn.|
|Mirae Asset Tax Saver Fund (G)||0.61%||21.72%||%|
|HDFC Long Term Advantage Fund (G)||-1.92%||17.59%||15.49%|
|Motilal Oswal Long Term Equity Fund (G)||-10.66%||16.77%||%|
|DSP Tax Saver Fund (G)||-4.15%||15.09%||17.15%|
|IDFC Tax Advantage (ELSS) Fund (G)||-11.47%||14.97%||15.76%|
|Period||Returns (%)||BSE 200 (%)|
|No. of Investment||Amount Invested||Investment Value As on date||Units Purchased||CAGR|
| No. of Investment
|| Amount Invested
|| Investment Value As on date
|| Units Purchased || CAGR
The graph depicts the wealth generated or the historical returns offered by the SIP investments made in the selected time horizon.
|Total Amount Invested||Investment Value As on Date||Total Units Purchased||Abs. Return|
| Total Amount Invested
|| Investment Value As on Date
|| Total Units Purchased || Abs. Return
The graph depicts the wealth generated or the historical returns offered by the lump sum investments made in the selected time horizon.
|Sector||Value(In Cr)||Allocation (%)|
|Holdings||Instrument||Industry||Rating||Market Value||% to NAV|
One of the oldest schemes in ELSS category mutual funds, Canara Robeco Equity Tax Saver Fund was launched in the year 1993. It has seen many market cycles since now, and this is why it is among the list of top funds due to its long history. The fund is offered by Canara Robeco Mutual Fund, which targets at providing the best returns to the investors in the long run. This tax saving mutual fund scheme has given an annualised returns of approximately 14% since its inception, and the same can be expected from it in the future.
Canara Robeco Equity Tax Saver Fund Growth offers a tax deduction to investors of up to Rs 1.50 Lakh under Section 80C of the Income Tax Act, 1961. It is an open-ended scheme which invests particularly in equity and equity-related securities and have a statutory lock-in period of 3 years. So, if you are also planning to invest in the fund, use the SIP return calculator and Tax return calculator of MySIPonline to know how much you need to invest as well as what amount of taxes you need to pay on your income after investing in the fund.
Being an ELSS plan, its 95% of the assets which amounts to Rs 853 Cr as on Nov 30, 2018, is invested in equities. The remaining 5% of the assets are invested in primary and secondary market fixed income securities as well as overseas equity markets including ADR/GDR.
If we look deeply at the equity allocation of Canara Robeco Equity ELSS Fund, then we will see that it is currently holding securities of 38 companies out of which 61% are giant companies, 9% are large-cap companies, 24% are mid-caps, and 5% small-cap companies. It has given enough diversification to its portfolio by investing in finance, technology, engineering, construction, and chemicals industries. This approach of the fund helps it to offer risk-adjusted returns in the long run.
Besides these benefits, the fund selects the companies which have long-term growth potential and available at fair prices in the market. The fund managers, Ms Cheenu Gupta, and Mr Krishna Saghavi select funds with a combination of the bottom-up and top-down approach, which helps them to select the best stocks across the market. So, if you also want to take the benefit of tax deduction from your income, then invest in Canara Robeco Equity Tax Saver Fund- Growth Plan through lumpsum or Systematic investment plan. You can also ask for assistance regarding mutual funds investments in the fund from the experts of MySIPonline.
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