Table of Contents
Fund Overview
The Canara Robeco Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) designed for investors seeking long-term capital appreciation and tax benefits under Section 80C of the Income Tax Act, 1961. This open-ended scheme comes with a mandatory 3-year lock-in period, allowing investors to benefit from the power of compounding while enjoying tax advantages.
Key Features
Fund Category: ELSS (Equity Linked Savings Scheme)
Investment Objective: Long-term capital appreciation through equity investments
Tax Benefit: Eligible for deduction under Section 80C of Income Tax Act, 1961
Lock-in Period: 3 years
Benchmark: BSE500 TRI
Fund Details
| Parameter | Details |
|---|---|
| Month-end AUM | ₹8,817.08 Crores |
| Monthly Average AUM | ₹8,701.67 Crores |
| Date of Allotment | March 31, 1993 |
| Minimum Investment | ₹500 and multiples of ₹1 thereafter |
| Entry Load | Nil |
| Exit Load | Nil |
NAV Details (as of November 29, 2024)
| Plan | NAV |
|---|---|
| Direct Plan – Growth Option | ₹192.7800 |
| Regular Plan – Growth Option | ₹173.9300 |
| Regular Plan – IDCW (payout) | ₹51.4900 |
| Direct Plan – IDCW (payout) | ₹82.7300 |
Asset Allocation
- Equity and equity-related instruments: 80% to 100% (Risk: Very High)
- Money Market instruments: 0% to 20% (Risk: Low)
Investment Strategy
The fund adopts a ‘Growth’ style of investing, focusing on large, mid, and small-cap stocks. This diversified approach aims to capitalize on various market opportunities while managing risk.
Fund Managers
- Mr. Vishal Mishra (Since June 26, 2021)
- Total Experience: 18 Years
- Mr. Shridatta Bhandwaldar (Since October 1, 2019)
- Total Experience: 16 Years
Expense Ratio
| Plan Type | Expense Ratio |
|---|---|
| Regular Plan | 1.69% |
| Direct Plan | 0.56% |
Portfolio Composition
| Market Capitalization | Allocation |
|---|---|
| Large Cap | 65.17% |
| Mid Cap | 16.52% |
| Small Cap | 14.35% |
| Debt, Cash & Others | 3.96% |
Top 10 Holdings
Here are the top 10 holdings of the Canara Robeco ELSS Tax Saver Fund in table format:
| Company | Sector | Weightage |
|---|---|---|
| HDFC Bank Ltd | Banks | 6.90% |
| ICICI Bank Ltd | Banks | 6.38% |
| Infosys Ltd | IT – Software | 4.45% |
| Tata Consultancy Services Ltd | IT – Software | 4.45% |
| Reliance Industries Ltd | Oil & Gas | 3.86% |
| Bharti Airtel Ltd | Telecom | 3.30% |
| Larsen & Toubro Ltd | Construction | 2.70% |
| State Bank of India | Banks | 2.37% |
| NTPC Ltd | Energy | 2.33% |
| Axis Bank Ltd | Financial | 1.97% |
Sector Allocation
Here is the table of the top 10 sectors for the Canara Robeco Tax Saver Fund based on their allocation:
| Sector | Allocation (%) |
|---|---|
| Banks | 17.62 |
| IT – Software | 9.67 |
| Finance | 4.84 |
| Pharmaceuticals & Biotechnology | 4.51 |
| Auto Components | 4.32 |
| Power | 4.00 |
| Telecom – Services | 3.46 |
| Automobiles | 3.11 |
| Chemicals & Petrochemicals | 2.76 |
| Construction | 2.70 |
Quantitative Metrics
| Metric | Value |
|---|---|
| Standard Deviation | 12.32 |
| Portfolio Beta | 0.88 |
| Portfolio Turnover Ratio | 0.33 times |
| R-Squared | 0.94 |
| Sharpe Ratio | 0.66 |
Investment Options
- Regular Plan: Growth Option and Payout of Income Distribution cum Capital Withdrawal Option
- Direct Plan: Growth Option and Payout of Income Distribution cum Capital Withdrawal Option
SIP, STP, and SWP Options
| Plan | Minimum Amount |
|---|---|
| SIP (Monthly) | ₹500 |
| SIP (Quarterly) | ₹1000 |
| STP (Daily/Weekly/Monthly) | ₹500 |
| STP (Quarterly) | ₹1000 |
| SWP (Monthly) | ₹500 |
| SWP (Quarterly) | ₹1000 |
The Canara Robeco Tax Saver Fund offers a compelling investment opportunity for those seeking tax benefits along with potential long-term capital appreciation.
With its diversified portfolio across market capitalizations and sectors, the fund aims to capture growth opportunities while managing risk.
Investors should consider their financial goals and risk tolerance before investing, and consult with a financial advisor if needed.
FAQs
- What are the key features of the Canara Robeco Tax Saver Fund?
The Canara Robeco Tax Saver Fund is an ELSS with a 3-year lock-in period, offering tax benefits under Section 80C of the Income Tax Act. It aims for long-term capital appreciation through equity investments across large, mid, and small-cap stocks.
- How does the Canara Robeco Tax Saver Fund allocate its assets?
The fund allocates 80-100% in equity and equity-related instruments (Very High Risk) and 0-20% in money market instruments (Low Risk), focusing on a growth-oriented investment style.
- What is the minimum investment amount for the Canara Robeco Tax Saver Fund?
The minimum initial investment is ₹500, with subsequent investments in multiples of ₹1. SIP options start at ₹500 monthly and ₹1000 quarterly.
- Who manages the Canara Robeco Tax Saver Fund and what is their experience?
The fund is managed by Mr. Vishal Mishra (18 years experience) and Mr. Shridatta Bhandwaldar (16 years experience), bringing extensive expertise to the portfolio management.
- What is the expense ratio of the Canara Robeco Tax Saver Fund?
The expense ratio is 1.69% for the Regular Plan and 0.56% for the Direct Plan, reflecting the cost-effectiveness of the fund’s management.
- How is the Canara Robeco Tax Saver Fund’s portfolio distributed across market capitalizations?
The fund’s portfolio is diversified with 65.17% in Large Cap, 16.52% in Mid Cap, 14.35% in Small Cap, and 3.96% in Debt, Cash & Others, offering a balanced exposure across market segments.
- What are the top sectors in the Canara Robeco Tax Saver Fund’s portfolio?
The top sectors include Banks (17.62%), IT – Software (9.67%), Finance (4.84%), Pharmaceuticals & Biotechnology (4.51%), and Auto Components (4.32%), showcasing a diverse sector allocation.
- What is the fund’s benchmark and how does it compare in terms of risk metrics?
The fund’s benchmark is BSE500 TRI. It has a Standard Deviation of 12.32, Portfolio Beta of 0.88, and Sharpe Ratio of 0.66, indicating its risk-adjusted performance relative to the benchmark.
- Are there any entry or exit loads for the Canara Robeco Tax Saver Fund?
The fund has no entry or exit loads, making it cost-effective for investors to enter or exit the scheme.
- What are the NAV details for different plans of the Canara Robeco Tax Saver Fund?
As of November 29, 2024, the NAV for Direct Plan-Growth Option is ₹192.7800, Regular Plan-Growth Option is ₹173.9300, Regular Plan-IDCW (payout) is ₹51.4900, and Direct Plan-IDCW (payout) is ₹82.7300.
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