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Canara Rob Equity Tax Saver Fund-Reg(D)

Canara Rob Equity Tax Saver Fund-Reg(D)
Dividend Yearly
1.00  (As on 22-02-2019)
Category
Equity - Tax Saving
52-week NAV high
326.83  (As on 28-08-2018)
52-week NAV low
271.00  (As on 26-10-2018)
Expense
2.56%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 2.17 5.42 11.59 7.49 11.86 13.49 8.10 14.17 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
0
Launch Date
Mar 31, 1993
Last Dividend
1.00
Minimum Investment
500

Canara Robeco Mutual fund is one of the oldest mutual funds in India and is managed by Canara Robeco Asset Management Company Limited (CRAMC). The Canara Robeco Mutual Fund is the trustee to the fund house. Canara Bank and Robeco (an asset management company based out of the Netherlands) came together to form a joint venture in 2007. This venture is called the Canara Robeco Mutual Fund.

The Canara Robeco Equity Tax Saver Fund is an open-ended equity linked savings scheme (ELSS) which has a statutory lock in period of 3 years and offers tax benefits.

Investment Objectives of the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option

The main objective of investment of the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option is to make provisions for appreciation of capital in the long run through investments that are predominantly made in equities. The fund allows the subscribers to avail the option of seeking tax benefits under Section 80C of the Income Tax Act, 1961.

Key Features of the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option

The main features of the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option are as follows:

Type of fund

An open-ended equity linked savings scheme (ELSS) with a statutory lock-in period of 3 years and tax benefits.

Plans available

  • Canara Robeco Equity Tax Saver Fund - Regular Plan
  • Canara Robeco Equity Tax Saver Fund - Direct Plan

Options under each plan

  • Canara Robeco Equity Tax Saver Fund - Regular Plan - Growth Plan
  • Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Plan
    • Dividend Payout Option
  • Canara Robeco Equity Tax Saver Fund - Direct Plan - Growth Plan
  • Canara Robeco Equity Tax Saver Fund - Direct Plan - Dividend Plan
    • Dividend Payout Option

Risk

Moderately High

Systematic Investment Plan (SIP)

Available

Systematic Transfer Plan (STP)

Available

Systematic Withdrawal Plan (SWP)

Available

Investment Amount for the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option

Minimum application amount

Rs.500 and in multiples of Re.1 subsequently

Minimum additional investment

Rs.500 and in multiples of Re.1 subsequently

Minimum instalment for Systematic Investment Plan (SIP)

  • Monthly basis: Minimum amount: Rs.500 for every instalment and in multiples of Re.1 subsequently
  • Quarterly basis: Minimum amount: Rs.1,000 for every instalment and in multiples of Re.1 subsequently

Minimum instalment for Systematic Withdrawal Plan (SWP)

  • Monthly basis: Minimum amount: Rs.500 for every instalment and in multiples of Re.1 subsequently
  • Quarterly basis: Minimum amount: Rs.1,000 for every instalment and in multiples of Re.1 subsequently

Minimum instalment for Systematic Transfer Plan (STP)

  • Monthly basis: Minimum amount: Rs.500 for every instalment and in multiples of Re.1 subsequently
  • Quarterly basis: Minimum amount: Rs.1,000 for every instalment and in multiples of Re.1 subsequently

Entry Load

N/A

Exit Load

Nil

Asset Allocation for the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option

Type of security

Indicative Allocations (percentage of total assets)

Risk Profile

Minimum

Maximum

High/Medium/Low

Equity and instruments related to equity

80%

100%

High

Money market instruments

0%

20%

Low

NAV Disclosure and Benchmark of the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option

The Net Asset Value or NAV of each unit under the scheme is required to be calculated and published by the end of every business day. The NAV is ascertained by following the recommendations of the SEBI (Mutual Funds) Regulations, 1996. The value of the net assets of under the scheme is divided by the total number of outstanding units under the scheme to ascertain the NAV of each unit. The NAV is rounded off to up to 4 decimal places.

The benchmark for the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option is S&P BSE 100 TRI.

Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option Fund Manager

The Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option is managed by Ms. Cheenu Gupta. She is a CFA Charterholder (USA) and also holds a PGDBM degree in Finance as well as a B.E. degree in I.T. She has been managing the fund since 12 March 2018.

Why should you invest in Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option?

Canara Robeco Mutual Fund is one of the oldest mutual funds in India. It was established in 1987 and was named Canbank Mutual Fund. Later, in 2007, Canara Bank came in to a joint venture with Robeco Asset Management Company and Canbank Mutual Fund was renamed to Canara Robeco Mutual Fund. Being the second oldest mutual fund house in India, Canara Robeco Mutual Fund has a huge customer base and is one of the most reliable fund houses. If the main objective of investment of an individual is to promote capital gain in the long run, then the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option is one of the best options to invest in.

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