Canara Robeco Equity Taxsaver Growth - Latest NAV, Returns, Performance & Portfolio

Canara Robeco Equity Taxsaver Growth

  • highlight
    8.63%
  • highlight
    (+0.04)72.78

Start your investment

Min amount: ₹500

Calculate Returns

Rs. 1,000 invested one time becomes Rs. 5,235 in a period of 20 years
  • 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 FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%Not taxable10%*
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 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years12.93%
5 Years8.63%
3 Years14.09%
1 Year22.59%
6 Months18.09%
Fund Details
ISININF760K01100
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV72.78
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd8.11%
ICICI Bank Ltd6.8%
Reliance Industries Ltd6.51%
Infosys Ltd5.93%
Bajaj Finance Ltd5.46%
Hindustan Unilever Ltd4.21%
Divi's Laboratories Ltd3.9%
Indian Railway Catering And Tourism Corp Ltd3.43%
Avenue Supermarts Ltd3.27%
Axis Bank Ltd3.19%

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:

  1. Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
  2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
  3. 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.

iii) Redemption

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

Calculate Returns

Rs. 1,000 invested one time becomes Rs. 5,235 in a period of 20 years
Moderately High risk

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