Canara Robeco ELSS Tax Saver

ELSS - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.

Category : ELSS-Equity Scheme

  • Risk
    Very High Risk

    This product is suitable for investors who are seeking *

     

    Capital appreciation over long term

    Investment in equity and equity related securities with a statutory lock in of 3 years and tax benefit

     

    Riskometer

    * Investors should consult their financial advisers if in doubt above whether the product is suitable for them.

  • AUM(in Cr)
    `7154 As of Jan 31, 2024
  • Age
    15 years 1 months since 02-Feb-2009
  • Horizon
    Long Term
  • Goal
    Capital Appreciation
  • Benchmark
    S&P BSE 500 Index TRI

    Riskometer

    * Investors should consult their financial advisers if in doubt above whether the product is suitable for them.

You get a dual advantage.

The Canara Robeco ELSS Tax Saver offters you the twin advantage of Growth potential from investing in quities as well as rax saving under Sec 80C**. The three-year lock in period aids the potential for your money to grow, as the fund has the flexibility to invest in large and medium-sized companies that have strong fundamentals. It's just one of the many funds from Canara Robeco that has the potential for you to have a smart tomorrow.

Product Positioning

Canara Robeco ELSS Tax Saver is an open ended ELSS with a 3 year lock-in period providing Tax Benefits under Sec 80 C of Income Tax Act. The fund aims to benefit from long term investing due to its lock-in and benefits from power of compounding. The fund would invest in large, mid cap and small cap stocks with a 'Growth' style of investing.

Tax Savings: Aim to earn a rupee by saving it!

  • Saving taxes is important , Tax Savings maximum up to Rs.46800** per annum for an investment up to Rs.1.5 Lacs under Section 80 C of Income Tax Act, 1961.
  • Lock-in period of 3 Years-much shorter than other tax deductible investment options like PPF, NSE, Bank Tax Saving FDs etc.
  • Flexible Investment Strategy: The longer holding period helps in compounding the returns accumulated over the lock in period of the fund.
  • Equity Markets Participation: Long term investing through equities can provide an opportunity to participate in Indian growth story.

Disclaimer: **Assuming highest tax bracket under old tax regime i.e. tax rate of 30% plus 4% cess; Information on tax benefit is based on prevailing taxation laws.Kindly Consult your tax advisor for actual tax implication before investment.

Scheme Features

  • Provides dual benefit of Equity investing along with Tax Saving
  • GARP - (Growth at Reasonable Price) style of investing - GARP is followed by most of our equity funds as an established style of =investing.
  • No Cap bias in the portfolio helps investors benefit from growth opportunities across capitalization stocks.

Canara Robeco ELSS Tax Saver - Advantages

Canara Robeco ELSS Tax Saver is for those who want to take advantage of tax benefits and are keen to participate in the Indian growth story through a diversified equity portfolio.

The fund seeks to benefit from long term investing due to its lock-in and has a blended portfolio of diversified stocks with GARP (Growth at Reasonable Price) style of investing.

Fund Specifics

Fund CategoryELSS - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Investment ObjectiveELSS seeking to provide long term capital appreciation by predominantly investing in equities 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.
Inception Date 2nd Feb, 2009
Asset Allocation
  • Equity and equity related instruments: 80-100% (Risk Profile - High)
  • Money Market instruments: 0-20% (Risk Profile - Low)
Fund SizeRs. 7154 Crs (As of Jan 31, 2024)
Load StructureNil, as lock-in of 3 years is applicable from the date of investment
FacilitiesSIP/ STP/ SWP/ Transfer of IDCW Plan
BenchmarkS&P BSE 500 Index TRI
Investment Options/Plans
  • Regular plan: Growth Option
  • Regular Plan - Reinvestment of Income Distribution cum capital withdrawal
  • Direct Plan - Growth
  • Direct Plan - Reinvestment of Income Distribution cum capital withdrawal

This product is suitable for investors who are seeking*

  • Capital appreciation over long term.

  • Investments in equity and equity related securities with a statutory lock in of 3 years and tax benefit.

Risk-o-meter

Benchmark Risk-o-meter

Note:*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Disclaimer

Note: The above is only indicative in nature. There is no assurance or guarantee that the investment objective of the scheme will be achieved. Mutual fund investments are subject to market risks, please read scheme related documents carefully before investing

The information used towards formulating the outlook have been obtained from sources published by third parties. While such publications are believed to be reliable, the opinions expressed in this document are of personal nature and does not constitute the views of Canara Robeco Asset Management. It is hereby expressly stated that, neither the AMC, its officers, the trustees, the Fund or any of their affiliates or representatives assume any responsibility for the accuracy of such information or the views thereof. Further, CRMF, its Sponsors, its Trustees, CRAMC, its employees, officer, Directors, etc. assume no financial liability whatsoever to the user of this document. This document is for general information purposes only and should not construed as solicitation to invest in the Mutual Fund schemes.

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