Rating : ★ ★ ★ ★ ★

Canara Robeco Equity Taxsaver - Direct Plan - Growth Option

Equity

  

ELSS Fund

NAV

74.63 +1.84

(as on 25 Sep, 2020)

RETURNS

8.33 %

Fund Type

Open Ended

Investment Plan

Growth

Investment Plan

1%

Benchmark

S&P BSE 100 India TR INR

Asset Size

1122.05 Cr.

(As of 31 Aug, 2020)

Risk

Moderately High

Objective

(ELSS Scheme) Seeking 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.

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Fund manager

Krishna Sanghavi

Exit load

N / A

Minimum sip

₹500

Minimum investment

₹500

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Infosys Ltd

8.89%

Reliance Industries Ltd

8.77%

HDFC Bank Ltd

6.45%

ICICI Bank Ltd

5.72%

Sector Allocation

About the Scheme Type

ELSS or Equity Linked Saving Schemes can help you with a two-fold benefit of saving your taxes and growing your money. ELSSare open-ended Equity Mutual Funds, investments in which qualify for tax exemptions under section 80C of the Income Tax Act of 1961. The scheme invests at least 80% of its total assets in equity and equity-linked instruments and comes with a mandatory lock-in period of 3 years. Returns from ELSS investments over and above 1 lac rupees are subject to LTCG (Long-Term Capital Gains) Tax at 10%.Given that these funds are passively managed, it also reduces the expense ratio and other fees making them cost efficient.

Ratings

This fund is rated 5 stars by Morning Star Ratings.

★ ★ ★ ★ ★

Overview of Canara Robeco Asset Management Co. Ltd

Canara Robeco Asset Management Co. Ltd