Canara Robeco ELSS Tax Saver Direct- Growth
(Scheme Rating)
NAV as of Dec 26, 2024
190.220.10%
- Growth - Direct
(Earn upto 1.13% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
0.56%(0.85% Category
average)Fund Size:
Rs. 8,817.08 Cr(3.62% of Investment in Category)
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Canara Robeco ELSS Tax Saver Direct- Growth
(Scheme Rating)
NAV as of Dec 26, 2024
190.220.10%
Expense Ratio:
0.56%
Fund Size:
Rs. 8,817.08 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the Canara Robeco ELSS Tax Saver Fund - Direct Plan as of Dec 26, 2024 is Rs 190.22 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 22.65% (1yr), 16.61% (3yr), 21.53% (5yr) and 16.65% (since launch). Whereas, Category returns for the same time duration are: 23.1061597411% (1yr), 18.089503817593467% (3yr) and 19.2427610658058% (5yr).
3. Fund Size: The Canara Robeco ELSS Tax Saver Fund - Direct Plan currently holds Assets under Management worth of Rs 8817.0785 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.56% for Direct plan as on Nov 30, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
Canara Robeco ELSS Tax Saver Direct- Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.28 -6.89 3.79 20.96 15.54 21.53 Category Avg 1.34 -6.54 2.56 21.51 17.20 19.39 Rank within Category 30 23 14 23 29 10 No. of funds within Category 38 38 38 38 33 33 - Loading...
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Return Comparison
- This Fund
- BenchmarkBSE 500 Total Return Index
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Canara Robeco ELSS Tax Saver Direct- Growth Fund Details
Investment Objective - The scheme seeks to achieve long term capital appreciation by predominantly investing in equities. It also offers tax benefits under Section 80C. The investments may be made in primary as well as secondary markets and scheme may also invest in overseas equity markets like ADRs/GDRs.
| Fund House | Canara Robeco Mutual Fund |
| Launch Date | Jan 02, 2013 |
| Benchmark | BSE 500 Total Return Index |
| Return Since Launch | 16.62% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | Below Average |
| Return Grade | Average |
Canara Robeco ELSS Tax Saver Direct- Growth Investment Details
| Minimum Investment (Rs.) | 500.00 |
| Minimum Additional Investment (Rs.) | 500.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
| NOV 2024 | OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | JUN 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 71 | 71 | 70 | 69 | 70 | 69 |
| Top 5 Company Holdings | 24.49% | 24.13% | 23.7% | 23.94% | 23.87% | 25.05% |
| Top 10 Company Holdings | 35.87% | 35.6% | 35.28% | 36.06% | 36.36% | 37.74% |
| Company with Highest Exposure | HDFC Bank (6.9%) | HDFC Bank (6.69%) | HDFC Bank (5.87%) | HDFC Bank (5.68%) | HDFC Bank (5.71%) | HDFC Bank (6.74%) |
| Number of Sectors | 15 | 15 | 15 | 15 | 15 | 15 |
| Top 3 Sector Holdings | 42.76% | 41.9% | 41.95% | 42.92% | 43.66% | 44.14% |
| Top 5 Sector Holdings | 58.45% | 57.1% | 57.27% | 57.83% | 58.47% | 60.36% |
| Sector with Highest Exposure | Financial (24.54%) | Financial (24.51%) | Financial (24.04%) | Financial (23.96%) | Financial (24.54%) | Financial (26.12%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 5.87 19.69 90.93 6.87 ICICI Bank Financial 5.67 18.88 68.72 30.36 Reliance Industries Energy 4.57 24.24 50.19 -5.14 Infosys Technology 4.28 29.39 64.90 23.65 Bharti Airtel Communication 3.31 79.35 20.16 58.41 Larsen & Toubro Construction 2.74 36.90 98.36 4.29 NTPC Energy 2.71 14.70 22.76 8.30 State Bank of India Financial 2.12 10.13 80.18 27.27 Axis Bank Financial 2.03 11.93 90.29 -1.40 Bajaj Finance Financial 1.98 27.44 248.39 -4.94
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Canara Robeco ELSS Tax Saver Direct- Growth 190.03 8,817.08 -0.80 20.75 15.55 21.62 Parag Parikh ELSS Tax Saver Fund Direct - Growth 32.29 4,385.16 -0.39 21.83 19.34 24.46 Quant ELSS Tax Saver Fund Direct-Growth 391.20 10,799.00 -2.33 12.82 18.78 32.43 SBI Long Term Equity Fund Direct Plan-Growth 459.34 27,847.49 -0.67 31.24 25.79 25.33 DSP ELSS Tax Saver Direct Plan-Growth 149.06 16,835.11 -0.95 27.06 20.86 22.52
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
12.53VS13.32Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.90VS0.91Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.82VS0.96Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
11.35VS14.06Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
0.62VS2.99Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
16.13VS18.56Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Canara Robeco Mutual Fund News
- Canara Robeco Consumer Trends Fund completes 15 years, offer 17.62% CAGR since inception
- Canara Robeco Flexi Cap Fund turns Rs 10,000 monthly SIP to Rs 2 crore in 21 years
- Canara Robeco Value Fund completes three years, gave 23% returns since inception
- Know Your Fund Manager | Shridatta Bhandwaldar, Head Equities, Canara Robeco Mutual Fund
Fund Manager
- V.M.Vishal MishraSince Jun 20214 schemes
- S.B.Shridatta BhandwaldarSince Oct 201912 schemes
Mr. Mishra is a B. Com, A.C.A. Presently he is associated with Canara Robeco Mutual Fund. His previous assignment was with Daiwa Asset Mgt (India) Pvt. Ltd, Collins Stewart India Pvt. Ltd. as Asst. Vice President Research. He was also been associated with IL&FS Investment Ltd, Crisil Ltd and Quantum Information Services Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Canara Robeco Value Fund Direct - Growth Value Oriented 18.88 1,273.82 21.22 Canara Robeco Infrastructure Direct-Growth Sectoral-Infrastructure 176.33 866.51 39.33 Canara Robeco Bluechip Equity Fund Direct-Growth Large Cap 69.47 14,823.66 21.45 Canara Robeco Multi Cap Fund Direct - Growth Multi Cap 14.48 Unrated 3,848.80 24.82 Mr. Bhandwaldar is a BE (Mechanical) and MMS (Finance). Prior to joining Canara Robeco Mutual Fund he was associated with SBI Pension Funds Pvt. Ltd. (Jul 2012-Jun 2016) as Head-Research, Heritage India Advisory Pvt. Ltd. (Oct 2009-Jun 2012) as Senior Equity Analyst, Motilal Oswal Securities (Jan 2008-Sep 2009) and MF Global Securities (Apr 2006-Dec 2008).
More Canara Robeco Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Canara Robeco Emerging Equities Fund Direct-Growth | 24,108.41 | -5.39 | 0.25 | 15.01 | 36.24 | 14.61 | |
| Canara Robeco Bluechip Equity Fund Direct-Growth | 14,580.92 | -3.94 | 0.19 | 12.15 | 31.33 | 13.04 | |
| Canara Robeco Flexi Cap Fund Direct-Growth | 12,901.37 | -4.17 | -0.14 | 12.44 | 31.28 | 12.59 | |
| Canara Robeco Small Cap Fund Direct - Growth | 12,323.74 | -4.73 | -0.35 | 17.57 | 33.65 | 21.01 | |
| Canara Robeco Equity Hybrid Fund Direct-Growth | 10,873.25 | -2.64 | 0.80 | 11.88 | 26.92 | 12.54 | |
| Canara Robeco ELSS Tax Saver Direct- Growth | 8,790.70 | -4.58 | -0.21 | 12.95 | 31.70 | 13.50 | |
| Canara Robeco Liquid Direct Plan-Growth | 3,795.59 | 0.58 | 1.79 | 3.63 | 7.48 | 6.31 | |
| Canara Robeco Multi Cap Fund Direct - Growth | 3,701.18 | -3.97 | 0.07 | 15.64 | 35.06 | - | |
| Canara Robeco Mid Cap Fund Direct - Growth | 2,661.01 | -6.53 | -3.37 | 14.71 | 36.14 | - | |
| Canara Robeco Focused Equity Fund Direct - Growth | 2,514.40 | -3.78 | 2.97 | 16.10 | 36.43 | 16.59 |
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1. Canara Robeco ELSS Tax Saver Fund - Direct Plan is Open-ended ELSS Equity scheme which belongs to Canara Robeco Mutual Fund House.
2. The fund was launched on Jan 02, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to achieve long term capital appreciation by predominantly investing in equities. It also offers tax benefits under Section 80C. The investments may be made in primary as well as secondary markets and scheme may also invest in overseas equity markets like ADRs/GDRs. "
2. It is benchmarked against BSE 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 96.05% in equities, 0.0% in debts and 3.95% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 35.279999999999994% of the assets, the top 3 sectors constitute around 42.760000000000005% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Canara Robeco ELSS Tax Saver Direct- Growth
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Canara Robeco ELSS Tax Saver Direct- Growth
- Is it safe to invest in Canara Robeco ELSS Tax Saver Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Canara Robeco ELSS Tax Saver Fund - Direct Plan comes under Very High risk category.
- What is the category of Canara Robeco ELSS Tax Saver Fund - Direct Plan?Canara Robeco ELSS Tax Saver Fund - Direct Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in Canara Robeco ELSS Tax Saver Fund - Direct Plan?The suggested investment horizon of investing into Canara Robeco ELSS Tax Saver Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Canara Robeco ELSS Tax Saver Fund - Direct Plan?The Canara Robeco ELSS Tax Saver Fund - Direct Plan is managed by Vishal Mishra (Since Jun 28, 2021) and Shridatta Bhandwaldar (Since Oct 01, 2019).
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