Canara Robeco ELSS Tax Saver Fund Direct Growth

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 Vishal Mishra, Shridatta Bhandwaldar. The fund could potentially beat inflation in the long-run.

1. Canara Robeco ELSS Tax Saver Fund Direct Growth has ₹8862 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.5.
   

Canara Robeco ELSS Tax Saver Fund Direct Growth has given a CAGR return of 16.42% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.54%, 21.83% and 24.69% respectively.

Canara Robeco ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Consumer Defensive, Basic Materials, Energy, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Bharti Airtel Ltd

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 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