Canara Robeco Equity Tax Saver Review

In the recent times, ELSS(Equity Linked Savings Schemes) are becoming popular due to various marketing campaigns by AMC’s(Asset Management Companies)and AMFI’s “Mutual Fund sahi hai” campaign.

We are going to discuss about Canara Robeco, the 2nd oldest AMC’s ELSS Scheme- “Canara Robeco Equity Tax Saver”; a tax saving instrument with lock-in of 3 years

Canara Robeco Equity Tax Saver Details

  • Launch Date- March 31st,1993(Regular Plan),2ndJanuary,2013(Direct Plan)
  • Benchmark- S&P BSE 100 Total Return Index
  • Assets under management(AUM)-2,893 Crore
  • Expense Ratio-2.07%(Regular Plan),0.80%(Direct Plan)
  • Returns since Launch-15.71%(Regular Plan), 17.90%(Direct Plan)
  • Turnover Ratio-81%
  • Fund Manager(s)-Shridatta Bhandwaldar(Since 2019, October 1st), Vishal Mishra(Since 2021, June 28th)

Fund Investment Details

  • Minimum SIP amount- 500 Rupees
  • Minimum Lumpsum investment-500 Rupees
  • Minimum Additional Investment-500 Rupees
  • Lock-in Period- 3 Years
  • Exit Load- N.A( Can’t exit until the lockin period completes)

Canara Robeco Equity Tax Saver Performance over Benchmark-

Year-To-Date1 Day1 Week1 Month3 Month6 Month1 Year3 Year5 Year7 Year10 Year
Benchmark Returns36.811.091.360.7311.6225.0252.5722.2818.4714.0815.69
Canara Robeco Equity Tax Saver-Regular Plan Performance39.381.161.852.5711.0327.2055.7927.1820.6815.2717.20
Canara Robeco Equity Tax Saver Direct Plan Performance
40.86
1.161.892.6711.4028.0457.6728.5121.8216.23N.A
as on Nov 12th,2021

From the above performance chart we can conclude that Canara Robeco Equity Tax Saver Fund outperforms its benchmark over all periods. So this fund is considered to be a good bet

If you still have queries on this fund, you can consult your personal finance advisor whether this scheme would be suitable to your risk profile or not! But the overall performance of this fund is fabulous, you can decide on your own to invest in this scheme or not!

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