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:
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Type of fund |
An open-ended equity linked savings scheme (ELSS) with a statutory lock-in period of 3 years and tax benefits. |
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Plans available |
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Options under each plan |
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Risk |
Moderately High |
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Systematic Investment Plan (SIP) |
Available |
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Systematic Transfer Plan (STP) |
Available |
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Systematic Withdrawal Plan (SWP) |
Available |
Investment Amount for the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option
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Minimum application amount |
Rs.500 and in multiples of Re.1 subsequently |
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Minimum additional investment |
Rs.500 and in multiples of Re.1 subsequently |
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Minimum instalment for Systematic Investment Plan (SIP) |
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Minimum instalment for Systematic Withdrawal Plan (SWP) |
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Minimum instalment for Systematic Transfer Plan (STP) |
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Entry Load |
N/A |
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Exit Load |
Nil |
Asset Allocation for the Canara Robeco Equity Tax Saver Fund - Regular Plan - Dividend Option
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Type of security |
Indicative Allocations (percentage of total assets) |
Risk Profile |
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Minimum |
Maximum |
High/Medium/Low |
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Equity and instruments related to equity |
80% |
100% |
High |
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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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