Canara Robeco ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 09-09-2024
₹ 196.59
1D
Inception Returns
17.5%
/yr
About the Fund
Canara Robeco ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Shridatta Bhandwaldar, Vishal Mishra. The fund could potentially beat inflation in the long-run.
Key Parameters
- Canara Robeco ELSS Tax Saver Fund Direct Growth has ₹8876 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Returns
Canara Robeco ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.50% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.64%, 16.84% and 25.25% respectively.
Holdings
Canara Robeco ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Basic Materials, Consumer Defensive, Energy, Health, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Bharti Airtel Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Canara Robeco ELSS Tax Saver Fund Direct Growth
The Fund aims to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of the scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Canara Robeco ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
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9228 people have invested ₹ 3.6Cr in Canara Robeco ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
8
/23
39% Performance
54% Risk Management
100% Cost
8 out of 23 among elss (tax savings)
Recovers losses quickly
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 0.51% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹8876 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 32.31% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (09-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
66.2%
Mid cap
17%
Small cap
11.7%
Sector Allocation
Financial Services
28%
Consumer Cyclical
14.2%
Industrial
11.4%
Tech
11.4%
Basic Materials
7.6%
Consumer Defensive
7%
Energy
6.7%
Health
6.2%
Communication
3.7%
Utilities
2.8%
Real Estate
1.2%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 4.90% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 1.37% in Jul'24
- AUM of the fund stands at 8.5K Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top Stocks bought last month
Mphasis Ltd's allocation increased from 0.62% to 1.19%
Infosys Ltd's allocation increased from 4.1% to 4.65%
Sonata Software Ltd's allocation increased from 0.74% to 0.93%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 6.74 % to 5.71 %
ICICI Bank Ltd's allocation decreased from 5.85 % to 5.65 %
Reliance Industries Ltd's allocation decreased from 5.3 % to 4.85 %
Small Cap allocation has gone down from 12.1% to 11%
Cash allocation has gone down from 3.9% to 3.8%
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Industrial
Jul'24
Financial Services
28%
Consumer Cyclical
14%
Industrial
11%
Jun'24
Financial Services
30%
Consumer Cyclical
13%
Industrial
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.71% | -7.4% | |
 ICICI Bank Ltd | 5.65% | 0% | |
 Reliance Industries Ltd | 4.85% | 0% | |
 Infosys Ltd | 4.65% | 0% | |
 Bharti Airtel Ltd | 3.01% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Trent Ltd | 29.8% |
 PNB Housing Finance Ltd | 26.5% |
 Infosys Ltd | 6.2% |
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Shridatta Bhandwaldar
Fund Manager of Canara Robeco ELSS Tax Saver Fund Direct Growth, since 1 October 2019
Top funds managed
Vishal Mishra
Fund Manager of Canara Robeco ELSS Tax Saver Fund Direct Growth, since 26 June 2021
Top funds managed
Fund House
Canara Robeco Asset Management Co. Ltd.
Total Schemes
Total AUM
₹89.05K Cr
as on 31-Jul-2024
Address
Canara Robeco Asset Management Company Limited,Construction House, 4th Floor,,5 Walchand Hirachand Marg, Ballard Estate,
Phone
+912266585000
Website
crmf@canararobeco.com
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 38.15% return, outperforming this fund by 12.9% per annum.
Over the last 15 months, this fund has decreased expense ratio by 20.3% moving from 0.64 to 0.51.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 27.27% return, outperforming this fund by 10.43% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 62.76% return, outperforming this fund by 25.12%.
Over the last 6 months, this fund has experienced a 24.1% growth in AUM moving from 7.15K Cr to 8.87K Cr.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.51% which is lower than the category average expense ratio of 1.27%.
Canara Robeco ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.5% since inception which is more than its category average return of 16.78%
Fund Allocations
This fund has an allocation of 96.21% in Equity, 0% in Debt and 3.79% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 4102 Cr
Expense Ratio 0.51%
This fund has an expense ratio of 0.51% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of Canara Robeco ELSS Tax Saver Fund Direct Growth is ₹196.59 as on 09-Sep-2024.
Existing (Absolute + CAGR) as on 09-Sep-2024.
Canara Robeco ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.57% | 5.57% |
6 Month Returns | 18.6% | 18.6% |
1 Year Returns | 37.64% | 37.64% |
3 Years Returns | 59.51% | 16.84% |
5 Years Returns | 208.22% | 25.25% |
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0.51% as on August 2024
₹8876 Cr as on August 2024
HDFC Bank Ltd(5.71%), ICICI Bank Ltd(5.65%), Reliance Industries Ltd(4.85%), Infosys Ltd(4.65%), Bharti Airtel Ltd(3.01%) as on August 2024
Financial Services(26.91%), Consumer Cyclical(13.68%), Industrial(10.97%) as on August 2024
The alpha ratio for the Canara Robeco ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Canara Robeco ELSS Tax Saver Fund Direct Growth | 2.95 | 0.15 | 3.79 |
As on August 2024
The alpha for Canara Robeco ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Canara Robeco ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Canara Robeco ELSS Tax Saver Fund Direct Growth | 0.9 | 0.9 | 0.87 |
As on August 2024
The Beta for Canara Robeco ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Canara Robeco ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Canara Robeco ELSS Tax Saver Fund Direct Growth | 2.82 | 0.95 | 1.12 |
As on August 2024
The sharpe ratio for Canara Robeco ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Canara Robeco ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Canara Robeco ELSS Tax Saver Fund Direct Growth | 10.18 | 12.16 | 16.97 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.8 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shridatta Bhandwaldar, Vishal Mishra are the fund managers of Canara Robeco ELSS Tax Saver Fund Direct Growth
The Exit load of Canara Robeco ELSS Tax Saver Fund Direct Growth is 0%