Investing in Canara Robeco
Equity Tax Saver is
like having twins.
You get a dual advantage.
Benefits of equity linked savings schemes(ELSS)
ELSS is an equity scheme having a diversified portfolio. It is a type of mutual fund that qualifies for tax exemption under Section 80C. ELSS is for investors who aim to take advantage of tax benefits and are keen to participate in the Indian growth story through a diversified portfolio.
There are many benefits of investing in Equity Linked Savings Schemes:
|Tax Savings: A rupee saved is a rupee earned|
|Tax savings up to र46350 ** per annum for an investment up to र1.5 lacs under Section 80C||Dividends are tax free*||No long term capital gains tax*||Lock-in period of 3 years – much shorter than other tax deductible investment options|
Flexible Investment Strategy
- Longer holding period
- Compounding effect
Equity Markets Participation
- Long Term Investing
- It is widely believed that Indian equity
markets are in a secular bull run
Tax Saving Instruments
In Union Budget 2014-15, Amount Exempt for investing in tax saving instrument increased to 1.5 Lakhs P.A.
Portfolio and fund strategy
Portfolio and Fund Strategy
Canara Robeco Equity Tax Saver is an ELSS with a 3 year lock-in period providing Tax Benefits under Section 80 C of Income Tax Act. The fund aims to provide benefits from long term investing due to its lock-in and has a blended portfolio of large, mid & small cap stocks with a ‘Growth’ style of investing. The fund is suitable for investors who are keen to participate in the India growth story through a diversified portfolio as well as who want to take advantage of the tax benefits.
|Fund Inception||31st march 1993|
|Investment Objective||ELSS seeking 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.|
|Asset allocation||Equity and equity related instruments:
80% - 100%
Money Market instruments: 0% - 20%.
|Month end AUM (INR crs)*||835.27|
|Minimum Investment Amount||Lump Sum - र 500 in multiples of र1 thereafter SIP/STP/SWP: For monthly frequency – र500 in multiples of र1 thereafter.For quarterly frequency – र1000 and in multiples of र1 thereafter.|
|Exit Load||Nil, as lock-in of 3 years is applicable from the date of investment|
|Benchmark||S&P BSE 100|
|Investment Options/Plans|| Investment Options/Plans
Regular & Direct Plan:
b) Dividend Options
|Fund Manager||Krishna Sanghavi|
@ *AUM as of 31st December,2015