Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl

Equity
Direct
Elss (Tax Savings)
Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl

About the Fund

Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Vishal Mishra, Shridatta Bhandwaldar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl has ₹7926 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl has given a CAGR return of 16.48% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.79%, 18.58% and 20.00% respectively.

Holdings

Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Energy, Basic Materials, Consumer Defensive, Health, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Larsen & Toubro 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 benefit
Dividends 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 Direct Plan Payout of Income Dist cum Cap Wdrl

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 Direct Plan Payout of Income Dist cum Cap Wdrl of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
40 people have invested ₹ 86.4K in Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl in the last three months

Fund Overview

Expense ratio
Expense ratio
0.53%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹7926 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
24.46%

Fund Distribution
as on (31-May-24)

  • Equity 95.3%

  • Debt & Cash 4.7%

Large cap
67.5%

Mid cap
16.1%

Small cap
11.8%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
29.4%
Industrial
15.6%
Consumer Cyclical
13.7%
Tech
9.2%
Energy
6.7%
Basic Materials
6.4%
Consumer Defensive
6.2%
Health
5.2%
Communication
3.4%
Utilities
2.9%
Real Estate
1.3%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Vishal Mishra
Vishal Mishra
Fund Manager of Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl, since 26 June 2021
Shridatta Bhandwaldar
Shridatta Bhandwaldar
Fund Manager of Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl, since 1 October 2019

Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.48% since inception which is more than its category average return of 16.46%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.29% in Equity, 0% in Debt and 4.71% in Cash related instruments
AUM size ₹7926 Cr

AUM size ₹7926 Cr

This fund has AUM of ₹7926 Cr which is more than its category average of ₹ 3681 Cr
Expense Ratio 0.53%

Expense Ratio 0.53%

This fund has an expense ratio of 0.53% which is less than its category average expense ratio of 1.46%

Frequently Asked Questions

The current NAV of Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl is ₹78.65 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
8.3%
8.3%
6 Month Returns
16.84%
16.84%
1 Year Returns
35.79%
35.79%
3 Years Returns
66.72%
18.58%
5 Years Returns
148.8%
20%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.53% as on May 2024
₹7926 Cr as on May 2024
HDFC Bank Ltd(6.55%), ICICI Bank Ltd(5.69%), Reliance Industries Ltd(4.26%), Infosys Ltd(3.93%), Larsen & Toubro Ltd(3.08%) as on May 2024
Financial Services(28.01%), Industrial(14.86%), Consumer Cyclical(13.09%) as on May 2024
The alpha ratio for the Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl
-0.39
0.4
1.54
As on May 2024
The alpha for Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl 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 Direct Plan Payout of Income Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl
0.91
0.91
0.91
As on May 2024
The Beta for Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl 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 Direct Plan Payout of Income Dist cum Cap Wdrl 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 Direct Plan Payout of Income Dist cum Cap Wdrl
2.15
0.94
0.73
As on May 2024
The sharpe ratio for Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl 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 Direct Plan Payout of Income Dist cum Cap Wdrl 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 Direct Plan Payout of Income Dist cum Cap Wdrl
9.91
12.08
18.83
As on May 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 1.77 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Vishal Mishra, Shridatta Bhandwaldar are the fund managers of Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl
The Exit load of Canara Robeco ELSS Tax Saver Direct Plan Payout of Income Dist cum Cap Wdrl is 0%