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.
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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 RiskThis 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, 2024Age
15 years 1 months since 02-Feb-2009Horizon
Long TermGoal
Capital AppreciationBenchmark
S&P BSE 500 Index TRIRiskometer
* Investors should consult their financial advisers if in doubt above whether the product is suitable for them.
You get a dual advantage.
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.
Fund Manager
Mr. Vishal Mishra
Shridatta Bhandwaldar
Investment Objective
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.
Scheme Documents
WHY YOU SHOULD INVEST
- A diversified equity linked saving scheme (ELSS) that invests across different market caps.
- The Fund provides dual benefit of higher growth potential from investing in Equity along with Tax Saving.
- Growth oriented style of investing ensures a well diversified portfolio of fundamentally strong companies.
- Could form a part of the ’CORE’ portfolio of an investor’s equity portfolio.
Other Information
Minimum Investment
- Lumpsum
Rs 5000 and in multiples of Re 1 thereafter.
Subsequent purchases: Minimum amount of Rs. 500 and multiples of Re. 1 thereafter. - Systematic Investment Plan (SIP)
For Any date/monthly frequency – Rs. 500 and in multiples of Re. 1 thereafter.
For quarterly frequency – Rs. 1000 and in multiples of Re. 1 thereafter. - Systematic Transfer Plan (STP)
For Daily/Weekly/Monthly frequency – Rs. 500 and in multiples of Re. 1 thereafter.
For quarterly frequency – Rs. 1000 and in multiples of Re. 1 thereafter. - Systematic Withdrawal Plan (SWP)
For monthly frequency – Rs. 500 and in multiples of Re. 1 thereafter.
For quarterly frequency – Rs. 1000 and in multiples of Re. 1 thereafter. - Minimum redemption Amount
Rs 500 and in multiples of Re 1 thereafter.
- Lumpsum
Entry Load
Nil
Exit Load
Nil
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
This product is suitable for investors who are seeking* | ||
|---|---|---|
| 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
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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