Canara Robeco Equity Taxsaver Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (06-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹8,876 Cr
Expense Ratio
0.51%
ISIN
INF760K01EL8
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹196.40, Assets Under Management (AUM) of 8875.70 Crores, and an expense ratio of 0.51%.
- Canara Robeco Equity Taxsaver Fund Direct Growth has given a CAGR return of 17.50% 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
+37.64%
+39.82% (Cat Avg.)
3 Years
+16.84%
+18.95% (Cat Avg.)
5 Years
+25.25%
+23.15% (Cat Avg.)
10 Years
+16.39%
+15.31% (Cat Avg.)
Since Inception
+17.50%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹8,539.57 Cr | 96.21% |
| Others | ₹336.13 Cr | 3.79% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹506.96 Cr | 5.71% |
| ICICI Bank Ltd | Equity | ₹501.27 Cr | 5.65% |
| Reliance Industries Ltd | Equity | ₹430.85 Cr | 4.85% |
| Infosys Ltd | Equity | ₹413.13 Cr | 4.65% |
| Treps | Cash - Repurchase Agreement | ₹328.29 Cr | 3.70% |
| Bharti Airtel Ltd | Equity | ₹266.99 Cr | 3.01% |
| Larsen & Toubro Ltd | Equity | ₹262.99 Cr | 2.96% |
| NTPC Ltd | Equity | ₹235.08 Cr | 2.65% |
| State Bank of India | Equity | ₹217.66 Cr | 2.45% |
| Tata Consultancy Services Ltd | Equity | ₹214.91 Cr | 2.42% |
| Axis Bank Ltd | Equity | ₹178.18 Cr | 2.01% |
| Samvardhana Motherson International Ltd | Equity | ₹168.07 Cr | 1.89% |
| Bajaj Finance Ltd | Equity | ₹161.97 Cr | 1.82% |
| UltraTech Cement Ltd | Equity | ₹160.48 Cr | 1.81% |
| Coal India Ltd | Equity | ₹140.99 Cr | 1.59% |
| ITC Ltd | Equity | ₹138.7 Cr | 1.56% |
| Divi's Laboratories Ltd | Equity | ₹135.39 Cr | 1.53% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹131.53 Cr | 1.48% |
| Godrej Consumer Products Ltd | Equity | ₹123.28 Cr | 1.39% |
| Tata Motors Ltd | Equity | ₹122.6 Cr | 1.38% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹120.47 Cr | 1.36% |
| Bajaj Auto Ltd | Equity | ₹110.54 Cr | 1.25% |
| Trent Ltd | Equity | ₹110.54 Cr | 1.25% |
| CG Power & Industrial Solutions Ltd | Equity | ₹108.56 Cr | 1.22% |
| Medi Assist Healthcare Services Ltd | Equity | ₹108.14 Cr | 1.22% |
| Mphasis Ltd | Equity | ₹105.58 Cr | 1.19% |
| Deepak Nitrite Ltd | Equity | ₹105.14 Cr | 1.18% |
| Dabur India Ltd | Equity | ₹103.91 Cr | 1.17% |
| Oberoi Realty Ltd | Equity | ₹101.5 Cr | 1.14% |
| InterGlobe Aviation Ltd | Equity | ₹100.62 Cr | 1.13% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹97.46 Cr | 1.10% |
| PI Industries Ltd | Equity | ₹95.8 Cr | 1.08% |
| HCL Technologies Ltd | Equity | ₹94.45 Cr | 1.06% |
| TVS Motor Co Ltd | Equity | ₹93.65 Cr | 1.06% |
| Jyothy Labs Ltd | Equity | ₹92.51 Cr | 1.04% |
| Power Finance Corp Ltd | Equity | ₹91.87 Cr | 1.04% |
| Vinati Organics Ltd | Equity | ₹91.63 Cr | 1.03% |
| JK Cement Ltd | Equity | ₹88.78 Cr | 1.00% |
| Schaeffler India Ltd | Equity | ₹88.75 Cr | 1.00% |
| K.P.R. Mill Ltd | Equity | ₹87.6 Cr | 0.99% |
| KEI Industries Ltd | Equity | ₹86.85 Cr | 0.98% |
| PNB Housing Finance Ltd | Equity | ₹86.67 Cr | 0.98% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹85.77 Cr | 0.97% |
| REC Ltd | Equity | ₹85.36 Cr | 0.96% |
| GE T&D India Ltd | Equity | ₹83.88 Cr | 0.95% |
| Sonata Software Ltd | Equity | ₹82.9 Cr | 0.93% |
| UNO Minda Ltd | Equity | ₹82.73 Cr | 0.93% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹81.84 Cr | 0.92% |
| Vedant Fashions Ltd | Equity | ₹81.69 Cr | 0.92% |
| Siemens Ltd | Equity | ₹76.89 Cr | 0.87% |
| ABB India Ltd | Equity | ₹76.33 Cr | 0.86% |
| Central Depository Services (India) Ltd | Equity | ₹73.6 Cr | 0.83% |
| Max Financial Services Ltd | Equity | ₹73.39 Cr | 0.83% |
| CCL Products (India) Ltd | Equity | ₹70.31 Cr | 0.79% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹68.39 Cr | 0.77% |
| Titan Co Ltd | Equity | ₹66.58 Cr | 0.75% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹66.21 Cr | 0.75% |
| United Spirits Ltd | Equity | ₹65.86 Cr | 0.74% |
| Maruti Suzuki India Ltd | Equity | ₹59.02 Cr | 0.66% |
| Navin Fluorine International Ltd | Equity | ₹58.69 Cr | 0.66% |
| Tech Mahindra Ltd | Equity | ₹58.29 Cr | 0.66% |
| Sona BLW Precision Forgings Ltd | Equity | ₹57.06 Cr | 0.64% |
| DOMS Industries Ltd | Equity | ₹55.32 Cr | 0.62% |
| PVR INOX Ltd | Equity | ₹51.01 Cr | 0.57% |
| SBI Life Insurance Company Limited | Equity | ₹47.35 Cr | 0.53% |
| KEC International Ltd | Equity | ₹47.35 Cr | 0.53% |
| Linde India Ltd | Equity | ₹46.91 Cr | 0.53% |
| BSE Ltd | Equity | ₹43.72 Cr | 0.49% |
| Bharat Electronics Ltd | Equity | ₹38.72 Cr | 0.44% |
| Jio Financial Services Ltd | Equity | ₹36.5 Cr | 0.41% |
| Titagarh Rail Systems Ltd | Equity | ₹35.88 Cr | 0.40% |
| Net Current Assets | Cash | ₹7.84 Cr | 0.09% |
Allocation By Market Cap (Equity)
Large Cap Stocks
66.22%
Mid Cap Stocks
17.05%
Small Cap Stocks
11.73%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹2,388.63 Cr | 26.91% |
| Consumer Cyclical | ₹1,214.59 Cr | 13.68% |
| Industrials | ₹973.4 Cr | 10.97% |
| Technology | ₹969.25 Cr | 10.92% |
| Basic Materials | ₹647.43 Cr | 7.29% |
| Consumer Defensive | ₹594.57 Cr | 6.70% |
| Energy | ₹571.85 Cr | 6.44% |
| Healthcare | ₹525.28 Cr | 5.92% |
| Communication Services | ₹318 Cr | 3.58% |
| Utilities | ₹235.08 Cr | 2.65% |
| Real Estate | ₹101.5 Cr | 1.14% |
Risk & Performance Ratios
Standard Deviation
This fund
12.16%
Cat. avg.
12.72%
Lower the better
Sharpe Ratio
This fund
0.95
Cat. avg.
1.02
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.94
Higher the better
Fund Managers
Vishal Mishra
Since June 2021
Shridatta Bhandwaldar
Since October 2019
Additional Scheme Detailsas of 31st July 2024
ISIN | INF760K01EL8 | Expense Ratio | 0.51% | Exit Load | No Charges | Fund Size | ₹8,876 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
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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% | ₹4722.04 Cr | 37.4% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4722.04 Cr | 35.8% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38278.40 Cr | 35.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4016.58 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4016.58 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹56.80 Cr | 39.5% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.80 Cr | 37.3% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹385.94 Cr | 55.9% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹385.94 Cr | 53.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1677.93 Cr | 25.8% |
About the AMC
Total AUM
₹1,04,210 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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Who manages the Canara Robeco Equity Taxsaver Fund Direct Growth?
- Vishal Mishra
- Shridatta Bhandwaldar
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