Canara Robeco Equity Taxsaver Growth
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Min amount: ₹500
- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|Reliance Industries Ltd||8.77%|
|HDFC Bank Ltd||6.45%|
|ICICI Bank Ltd||5.72%|
|Tata Consultancy Services Ltd||4.59%|
|Hindustan Unilever Ltd||4.2%|
|Divi's Laboratories Ltd||3.97%|
|Bajaj Finance Ltd||3.7%|
|HDFC Life Insurance Co Ltd||2.42%|
|PI Industries Ltd||2.1%|
About Canara Robeco Equity Taxsaver Fund
Canara Robeco Equity Taxsaver Fund is an open-ended Equity Linked Savings Scheme (ELSS) which comes with a statutory lock-in period of 3 years. It invests primarily in equity and equity-related securities across industry sizes and sectors. The fund aims at wealth creation over the long term coupled with tax advantage. The scheme does not guarantee assured returns due to presence of market risks.
Pros & Cons of Canara Robeco Equity Taxsaver Fund
Canara Robeco Equity Taxsaver Fund offers the following benefits:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a star-rated fund, it has a long performance record. The fund has beaten the benchmark by wide margins in 5 year and 10 year time horizons.
Fund Information and Statistics of Canara Robeco Equity Taxsaver Fund
i) Inception / Launch date
Canara Robeco Equity Taxsaver Fund was launched on 31 March 1993 by Canara Robeco Mutual Fund.
ii) Risk level
Being a multi-cap fund, Canara Robeco Equity Taxsaver Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Ms. Cheenu Gupta and Mr. Krishna Sanghavi, who hold a rich experience in fund management, have been managing the Canara Robeco Equity Taxsaver Fund since March 2018 and October 2018 respectively.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in Canara Robeco Equity Taxsaver Fund.
Tax benefits of investing in Canara Robeco Equity Taxsaver Fund
Canara Robeco Equity Taxsaver Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About Canara Robeco Mutual Fund
Canara Robecco Mutual Fund was incorporated on 2 March 1993 and Mr. Rajnish Narula is MD & CEO of the fund house currently. The fund house currently manages more than 20 schemes and provides array of schemes such as equity, debt and hybrid category.
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Start your investment
Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns