Canara Robeco Equity Taxsaver Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (17-May-24)
₹173.020.61%1D
Returns (Since Inception)
16.70%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹7,761 Cr
Expense Ratio
0.58%
ISIN
INF760K01EL8
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Canara Robeco Equity Taxsaver Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Canara Robeco Mutual Fund. This fund has been in existence for 11 years, 4 months and 19 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹173.02, Assets Under Management (AUM) of 7760.97 Crores, and an expense ratio of 0.58%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹173.02, Assets Under Management (AUM) of 7760.97 Crores, and an expense ratio of 0.58%.
- Canara Robeco Equity Taxsaver Fund Direct Growth has given a CAGR return of 16.70% since inception.
- The fund's asset allocation comprises around 96.21% in equities, 0.00% in debts, and 3.79% in cash & cash equivalents.
- You can start investing in Canara Robeco Equity Taxsaver Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+33.32%
+37.53% (Cat Avg.)
3 Years
+19.04%
+19.84% (Cat Avg.)
5 Years
+21.27%
+18.79% (Cat Avg.)
10 Years
+17.09%
+15.94% (Cat Avg.)
Since Inception
+16.70%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹7,466.79 Cr | 96.21% |
| Others | ₹294.18 Cr | 3.79% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹514.95 Cr | 6.64% |
| ICICI Bank Ltd | Equity | ₹463.15 Cr | 5.97% |
| Reliance Industries Ltd | Equity | ₹346.51 Cr | 4.46% |
| Infosys Ltd | Equity | ₹314.13 Cr | 4.05% |
| Treps | Cash - Repurchase Agreement | ₹260.37 Cr | 3.35% |
| Larsen & Toubro Ltd | Equity | ₹238.79 Cr | 3.08% |
| NTPC Ltd | Equity | ₹223.4 Cr | 2.88% |
| Bharti Airtel Ltd | Equity | ₹203.63 Cr | 2.62% |
| Tata Consultancy Services Ltd | Equity | ₹187.24 Cr | 2.41% |
| State Bank of India | Equity | ₹183.43 Cr | 2.36% |
| REC Ltd | Equity | ₹181.31 Cr | 2.34% |
| Axis Bank Ltd | Equity | ₹166.49 Cr | 2.15% |
| Bajaj Finance Ltd | Equity | ₹164.75 Cr | 2.12% |
| ITC Ltd | Equity | ₹152.48 Cr | 1.96% |
| Tata Motors Ltd | Equity | ₹149.67 Cr | 1.93% |
| Samvardhana Motherson International Ltd | Equity | ₹148.91 Cr | 1.92% |
| UltraTech Cement Ltd | Equity | ₹134.62 Cr | 1.73% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹114.91 Cr | 1.48% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹102.64 Cr | 1.32% |
| Bajaj Auto Ltd | Equity | ₹101.84 Cr | 1.31% |
| Trent Ltd | Equity | ₹99.66 Cr | 1.28% |
| IndusInd Bank Ltd | Equity | ₹95.49 Cr | 1.23% |
| Coal India Ltd | Equity | ₹93.13 Cr | 1.20% |
| Titagarh Rail Systems Ltd | Equity | ₹88.01 Cr | 1.13% |
| CG Power & Industrial Solutions Ltd | Equity | ₹87.25 Cr | 1.12% |
| Bharat Electronics Ltd | Equity | ₹87.07 Cr | 1.12% |
| Bharat Dynamics Ltd Ordinary Shares | Equity | ₹85.99 Cr | 1.11% |
| KEI Industries Ltd | Equity | ₹85.55 Cr | 1.10% |
| Medi Assist Healthcare Services Ltd | Equity | ₹84.88 Cr | 1.09% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹82.1 Cr | 1.06% |
| InterGlobe Aviation Ltd | Equity | ₹81.64 Cr | 1.05% |
| Oberoi Realty Ltd | Equity | ₹80.84 Cr | 1.04% |
| PI Industries Ltd | Equity | ₹79.01 Cr | 1.02% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹78.89 Cr | 1.02% |
| HCL Technologies Ltd | Equity | ₹78.58 Cr | 1.01% |
| TVS Motor Co Ltd | Equity | ₹76.22 Cr | 0.98% |
| KEC International Ltd | Equity | ₹74.88 Cr | 0.96% |
| Godrej Consumer Products Ltd | Equity | ₹73.86 Cr | 0.95% |
| JK Cement Ltd | Equity | ₹72.39 Cr | 0.93% |
| Jyothy Labs Ltd | Equity | ₹71.93 Cr | 0.93% |
| Siemens Ltd | Equity | ₹71.74 Cr | 0.92% |
| Schaeffler India Ltd | Equity | ₹69.98 Cr | 0.90% |
| ABB India Ltd | Equity | ₹69.76 Cr | 0.90% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹69.58 Cr | 0.90% |
| Deepak Nitrite Ltd | Equity | ₹69.27 Cr | 0.89% |
| Titan Co Ltd | Equity | ₹69.09 Cr | 0.89% |
| Bharat Petroleum Corp Ltd | Equity | ₹66.81 Cr | 0.86% |
| Max Financial Services Ltd | Equity | ₹66.72 Cr | 0.86% |
| Vedant Fashions Ltd | Equity | ₹65.32 Cr | 0.84% |
| Coforge Ltd | Equity | ₹63.79 Cr | 0.82% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹62.31 Cr | 0.80% |
| Central Depository Services (India) Ltd | Equity | ₹62.04 Cr | 0.80% |
| CCL Products (India) Ltd | Equity | ₹61.62 Cr | 0.79% |
| Mankind Pharma Ltd | Equity | ₹58.66 Cr | 0.76% |
| UNO Minda Ltd | Equity | ₹58.65 Cr | 0.76% |
| Maruti Suzuki India Ltd | Equity | ₹57.68 Cr | 0.74% |
| Dabur India Ltd | Equity | ₹57.61 Cr | 0.74% |
| United Spirits Ltd | Equity | ₹54.85 Cr | 0.71% |
| Sonata Software Ltd | Equity | ₹53.56 Cr | 0.69% |
| GE T&D India Ltd | Equity | ₹53.56 Cr | 0.69% |
| Navin Fluorine International Ltd | Equity | ₹52.8 Cr | 0.68% |
| Sona BLW Precision Forgings Ltd | Equity | ₹52.53 Cr | 0.68% |
| K.P.R. Mill Ltd | Equity | ₹48.86 Cr | 0.63% |
| BSE Ltd | Equity | ₹47.71 Cr | 0.61% |
| Tech Mahindra Ltd | Equity | ₹47.38 Cr | 0.61% |
| PVR INOX Ltd | Equity | ₹46.28 Cr | 0.60% |
| Linde India Ltd | Equity | ₹42.5 Cr | 0.55% |
| Jio Financial Services Ltd | Equity | ₹41.88 Cr | 0.54% |
| SBI Life Insurance Company Limited | Equity | ₹38.79 Cr | 0.50% |
| Vinati Organics Ltd | Equity | ₹35.24 Cr | 0.45% |
| Net Current Assets | Cash | ₹33.81 Cr | 0.44% |
Allocation By Market Cap (Equity)
Large Cap Stocks
69.48%
Mid Cap Stocks
15.41%
Small Cap Stocks
11.32%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹2,290.33 Cr | 29.51% |
| Industrials | ₹1,024.24 Cr | 13.20% |
| Consumer Cyclical | ₹998.42 Cr | 12.86% |
| Technology | ₹744.68 Cr | 9.60% |
| Energy | ₹506.45 Cr | 6.53% |
| Basic Materials | ₹485.82 Cr | 6.26% |
| Consumer Defensive | ₹472.34 Cr | 6.09% |
| Healthcare | ₹390.35 Cr | 5.03% |
| Communication Services | ₹249.91 Cr | 3.22% |
| Utilities | ₹223.4 Cr | 2.88% |
| Real Estate | ₹80.84 Cr | 1.04% |
Risk & Performance Ratios
Standard Deviation
This fund
12.47%
Cat. avg.
12.86%
Lower the better
Sharpe Ratio
This fund
1.06
Cat. avg.
1.10
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.10
Higher the better
Fund Managers
VM
Vishal Mishra
Since June 2021
SB
Shridatta Bhandwaldar
Since October 2019
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF760K01EL8 | Expense Ratio | 0.58% | Exit Load | No Charges | Fund Size | ₹7,761 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | S&P BSE 500 India TR INR |
|---|
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4196.77 Cr | 33.7% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4196.77 Cr | 32.2% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹35641.94 Cr | 30.8% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹3360.61 Cr | 33.3% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹3360.61 Cr | 31.8% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹49.62 Cr | 41.2% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹49.62 Cr | 38.9% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹325.14 Cr | 58.0% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹325.14 Cr | 55.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1602.76 Cr | 26.6% |
About the AMC
Total AUM
₹88,988 Cr
Address
Construction House, 4th Floor, Mumbai, 400 001
Other Funds by Canara Robeco Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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Still got questions?
We're here to help.
What is the current NAV of Canara Robeco Equity Taxsaver Fund Direct Growth?
The NAV of Canara Robeco Equity Taxsaver Fund Direct Growth, as of 17-May-2024, is ₹173.02.
What are the returns of Canara Robeco Equity Taxsaver Fund Direct Growth?
The fund has generated 33.32% over the last 1 year and 19.04% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Canara Robeco Equity Taxsaver Fund Direct Growth?
The fund's allocation of assets is distributed as 96.21% in equities, 0.00% in bonds, and 3.79% in cash and cash equivalents.
Who manages the Canara Robeco Equity Taxsaver Fund Direct Growth?
The fund managers responsible for Canara Robeco Equity Taxsaver Fund Direct Growth are:-
- Vishal Mishra
- Shridatta Bhandwaldar
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.