3 Year return
17.28%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹9048.83 Cr.
Expense Ratio
0.51% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal after 3 years:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
Canara Robeco Mutual Fund Managers
VM
Vishal Mishra
Fund Manager since Apr 2022
Fund House Details
Canara Robeco Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
SBI Long Term Equity Fund |
27.69% |
5 |
Quant ELSS Tax Saver Fund |
25.34% |
3.5 |
Bank of India ELSS Tax Saver |
20.88% |
3 |
Schemes by Canara Robeco Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Dynamic Asset Allocation or Balanced Advantage
Canara Robeco Balanced Advantage Fund Direct Plan Growth
Hybrid . Dynamic Asset Allocation or Balanced Advantage
Canara Robeco Balanced Advantage Fund Direct Plan IDCW Payout
Hybrid . Dynamic Asset Allocation or Balanced Advantage
Canara Robeco Balanced Advantage Fund Direct Plan IDCW Reinvestment
Debt . Banking and PSU Fund
Canara Robeco Banking and PSU Debt Fund Direct Plan Growth
Debt . Banking and PSU Fund
Canara Robeco Banking and PSU Debt Fund Direct Plan IDCW Payout Payout
About Canara Robeco Equity Tax Saver Fund Direct Plan IDCW (Payout) Payout
Canara Robeco Equity Tax Saver Fund Direct Plan IDCW (Payout) Payout, managed by Canara Robeco Mutual Funds, stands as a tax-saving fund within the Equity Linked Savings Scheme (ELSS) category. The fund emphasises long-term capital appreciation through equity investments. The fund maintains a competitive expense ratio, that is lower than the category average.
Investment Objectives of the Scheme
Canara Robeco Equity Tax Saver Fund aims to provide investors with the twin benefits of tax savings and capital growth. Focused on equities, the fund seeks to maximise returns while meeting the tax-saving requirements of investors. By capitalising on market opportunities, the fund intends to create wealth over the long term. The fund also provides regular income to its investors. Investors should evaluate their risk tolerance and investment goals before considering this ELSS option.
Key Features of The Fund
5-year return | 22.84% |
Expense Ratio | 0.51% |
Fund Manager | Vishal Mishra |
Fund Size | ₹9048.83 Cr |
Risk Profile | Very High |
Is This Scheme Right for Me?
If you're seeking a tax-saving investment opportunity with the potential for long-term capital appreciation, Canara Robeco Equity Tax Saver Fund could align with your goals. However, considering its equity exposure, investors should understand and be comfortable with associated risks. Evaluate your risk tolerance and investment objectives before considering this option, and seek advice from financial experts to 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 |
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.
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FAQs
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How do I invest in Canara Robeco ELSS Tax Saver Direct Plan IDCW (Payout) Payout?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Canara Robeco ELSS Tax Saver Direct Plan IDCW (Payout) Payout?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Canara Robeco ELSS Tax Saver Direct Plan IDCW (Payout) Payout?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Canara Robeco ELSS Tax Saver Direct Plan IDCW (Payout) Payout?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.