Canara Robeco Equity Taxsaver - Direct Plan - Growth Option

About Canara Robeco Equity Tax Saver Fund - Direct Plan - Growth

Canara Robeco Equity Tax Saver Fund is a tax-saving mutual fund which offers tax-deductions under the provisions of Section 80C of the Income Tax Act, 1961. This fund invests predominantly in equity and equity-linked securities.

Pros and Cons of Canara Robeco Equity Tax Saver Fund - Direct Plan - Growth

The main benefit of investing in Canara Robeco Equity Tax Saver Fund is that you get tax deductions of up to the tune of Rs 1,50,000 a year and save up to Rs 46,800 a year in taxes. You get the dual benefit of tax deductions and wealth accumulation over time. On the flip side, your investment is mandatorily locked-in for a period of three years.

Fund Information and Statistics

i) Inception/Launch Date

Canara Robeco Equity Tax Saver Fund was launched on 2 January 2013.

ii) Risk Level

The Canara Robeco Equity Tax Saver Fund is categorised under the ‘moderately high risk’ category of funds by the Canara Robeco fund house. However, it possesses a lower risk than thematic and small-cap funds.

iii) Redemption

Since Canara Robeco Equity Tax Saver Fund is an equity-linked saving scheme, your investment is mandatorily locked-in for a period of three years from the date of allotment. You can redeem your investments within these three years.

iv) Fund Manager

Mr Shridatta Bhandwaldar and Ms Cheenu Gupta are the current fund managers of Canara Robeco Equity Tax Saver Fund.

v) Entry/Exit Load

There is no entry load in accordance with the complying with regulations of the Securities and Exchange Board of India (SEBI). There is no exit load as the fund comes with a mandatory lock-in period of three years.

About Canada Robeco Mutual Fund

Canara Robeco Mutual Fund is one of the first fund houses in India. It was set up in the year 1987 and incorporated on 2 March 1993 by registering with the Securities and Exchange Board of India (SEBI). The asset management company (AMC) has Canara Bank and ORIX Corporation Europe N. V. (Robeco Groep N. V.) as sponsors. As of March 2020, the assets under management (AUM) of Canara Robeco fund house touched Rs 17,232.71 crore.