AMFI-Registered Mutual Fund Distributor

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Company Profile

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.

Fund Overview

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 Snapshot

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

Market Capitalization

  • Debt, Cash & Others: 2.86%
  • Large Cap: 68.88%
  • Mid Cap: 25.20%
  • Small Cap: 3.06%

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

Scheme Objective:

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.

Portfolio Instruments

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

Fund Manager Profile

Mr. Vishal Mishra

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.

Total experience - 18 years

  • Daiwa Portfolio Advisory (India) Private Ltd.
    Portfolio Manager (April 2018 – April 2021)
    Jr. Portfolio Manager (July 2013 – March 2018)

  • Daiwa Asset Management (India) Pvt. Ltd.
    Sr. Research Analyst (January 2011 to June 2013)

  • Shinsei Asset Management (India) Pvt. Ltd.
    Sr. Research Analyst (April 2009 to January 2011)

Qualification & Experience

  • Qualification: 40 / B.Com, ACA

Shridatta Bhandwaldar

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).

Qualification & Experience

Total experience - 14 years

  • Fund Manager – Equities with Canara Robeco Asset Management Company Ltd. (July 2016 till September 2019)
  • Head - Research/Portfolio Manager with SBI Pension Funds Pvt. Ltd. (July 2012 till June 2016).
  • Senior Equity Analyst with Heritage India Advisory Pvt. Ltd (October 2009 till June 2012).
  • Research Analyst with Motilal Oswal Securities (January 2008 till September 2009).
  • Research Associate with MF Global Securities (April 2006 till December 2008).

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