3 Year return

18.7%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹7925.68 Cr.

Expense Ratio

0.53% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4.5

Ratings by other agencies

5
4
5

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Canara Robeco Mutual Fund Managers

VM

Vishal Mishra

Fund Manager since Apr 2022

View Details

Fund House Details

Canara Robeco Mutual Fund

Canara Robeco Mutual Fund Asset management company

AUM ₹87,069.50 Cr.
No. of Schemes 88
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Canara Robeco Mutual Fund

List of mutual fund schemes by AMC

About Canara Robeco Equity Tax Saver Fund Direct Plan Growth

Canara Robeco Equity Tax Saver Fund Direct Plan Growth is an equity fund investment scheme from Canara Robeco Mutual Fund. It is an open-ended equity fund, meaning investors can buy or sell the units of the scheme at any time. This fund falls into the category of tax saver funds and offers tax savings under Section 80C. Investing in the Canara Robeco Equity Tax Saver Fund has a lock-in period of 3 years.

Investment Objective of the Scheme

The investment goal of the scheme is to generate capital gains from long-term investments in equity and equity related securities. It invests in a high-quality blend of stocks from large-cap, mid-cap, and small-cap companies.

Key Features of The Fund

5-year return 21.54%
Expense Ratio 0.53%
Fund Manager Vishal Mishra
Fund Size ₹7925.68 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you are looking for investment options that will allow you to gain from equity investments while providing tax benefits, the Canara Robeco Equity Tax Saver Fund could be a good option for investors with similar investment periods and risk appetites. Investors looking to enjoy tax benefits can also consider this fund. However, before proceeding with an investment scheme, you must evaluate your individual financial goals and risk appetite. Taking these factors into account will help you make informed decisions.

AMC Contact Details

Name Canara Robeco Mutual Fund
Launch Date December 1987
Addresss 4th Floor - Construction House, 5 - Walchand Hirachand Marg, Mumbai 400001
Contact 1800-209-2726
Email crmf@canararobeco.com
Website https://www.canararobeco.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Plan Your Investments Efficiently

SIPs can help you invest with minimum contributions over a period of time. With Angel One's free SIP calculator online, you can set your end goal and determine the required contribution amount. Check how over time, with small contributions, you can build up enough to achieve your financial goals.

FAQs

What is today's NAV of Canara Robeco ELSS Tax Saver?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Canara Robeco ELSS Tax Saver Jun 24 2024 is 183.09

What is the AUM of Canara Robeco ELSS Tax Saver?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Canara Robeco ELSS Tax Saver is 7925.68 crore.

What is the expense ratio of Canara Robeco ELSS Tax Saver?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Canara Robeco ELSS Tax Saver is 0.53%

What are the returns of Canara Robeco ELSS Tax Saver since inception?

The Canara Robeco ELSS Tax Saver was launched on Jan 01 2013. The fund has delivered a CAGR of 17.03 since inception.

What is the minimum SIP amount to invest in Canara Robeco ELSS Tax Saver?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Canara Robeco ELSS Tax Saver is 500.

How do I invest in Canara Robeco ELSS Tax Saver?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Canara Robeco ELSS Tax Saver?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Canara Robeco ELSS Tax Saver?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Canara Robeco ELSS Tax Saver?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.