The second-oldest mutual fund in India is Canara Robeco Mutual Fund, which was originally founded as Canbank Mutual Fund in December 1987. The mutual fund was renamed Canara Robeco Mutual Fund as a result of a partnership between Canara Bank and Robeco, which is now a division of the Japanese company ORIX Corporation. Since then, it has consistently ranked among the mutual funds in India with the fastest AuM growth. Our solutions provide a variety of investment options, including hybrid and monthly income funds, diversified and thematic equity schemes, and a large selection of debt and treasury products.
Canara bank has a vast distribution network because to its more than a century of market expertise in India. With its core investing skills enhanced by specialist subsidiaries, Robeco provides extensive investment knowledge and exposure to international expertise. This collaboration between Canara Bank and the Robeco group delivers the synergies of a team with 275 years of combined expertise, fostering sustainable success for your future.
With a three-year lock-in period and tax benefits provided under Section 80 C of the Income Tax Act, the Canara Robeco Equity Tax Saver Fund is an open-ended ELSS. Due to its lock-in and the power of compounding, the fund seeks to profit from long-term investing. With a "Growth" style of investing, the fund would invest in big, mid-cap, and small company firms.
| Fund Type: | ELSS / Equity Tax Saver Fund |
|---|---|
| Inception Date: | March 31, 1993 |
| Minimum Investment: | Rs. 500 and in multiples of Rs. 1 thereafter |
| Equity and equity-related instruments | 80% to 100% (RiskHigh) |
| Money Market instruments | 0% to 20% (Risk- Low) |
| Exit Load: | NIL |
| Benchmark: | S&P BSE 500 Index TRI |
| Fund Managers: | Mr. Vishal Mishra, Mr. Shridatta Bhandwaldar |
| Standard Deviation: | 20.06 |
| Portfolio Turnover Ratio: | 0.37 times |
By investing primarily in stocks, ELSS hopes to offer long-term capital growth, enabling its subscribers to take advantage of tax advantages under Section 80 C of the Income Tax Act of 1961. However, there can be no guarantee that the scheme's investment goal will be achieved.
| Name of the Instruments | % to NAV |
|---|---|
| Equities | 97.14 |
| Listed | 97.14 |
| Banks | 24.40 |
| IT - Software | 9.49 |
| Auto Components | 5.93 |
| Finance | 5.60 |
| Pharmaceuticals & Biotechnology | 5.02 |
| Petroleum Products | 4.09 |
| Automobiles | 3.82 |
| Consumer Durables | 3.52 |
| Electrical Equipment | 3.48 |
| Chemicals & Petrochemicals | 2.63 |
| Cement & Cement Products | 2.55 |
| Diversified Fmcg | 2.50 |
A B. Com. and A.C.A., Mr. Mishra. He has over 10 years of expertise in the fields of credit and equity research. He has spent the last four years working at Daiwa Asset Mgt (India) Pvt. Ltd. His last position was Asst. Vice President of Research at Collins Stewart India Pvt. Ltd. Additionally, he had ties to Quantum Information Services Ltd., Crisil Ltd., and IL&FS Investment Ltd.
Mr. Bhandwaldar holds an MMS and a BE (Mechanical) (Finance). He was formerly employed at Heritage India Advisory Pvt. Ltd. (October 2009–June 2012) as a Senior Equity Analyst, SBI Pension Funds Pvt. Ltd. (July 2012–June 2016) as Head–Research, Motilal Oswal Securities (Jan 2008–Sep 2009) and MF Global Securities (Apr 2006-Dec 2008).
Total experience - 14 years
We are Distributors of Financial Products in India & NOT the Investment Advisors as per SEBI guidelines.
Our ARN No is 171040 (AIF & PMS Expert India)
Mutual Fund Investments are subject to market risks. Please read all offer documents carefully before investing. There is NO Guarantee of any Returns in the Mutual Fund products.
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