Canara Robeco Equity Tax Saver

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Call 0 94 8300 8300 (India)

 

The fund selects scrips by focusing on the fundamentals of the business, industry structure, management quality, sensitivity to economic factors, financial strength and key earnings drivers. Through adequate diversification, the fund tries to reduce risk by investing in about 35-50 scrips. The sector concentration is limited to 7.5 per cent active bet over benchmark sector weight.

In the past two years, its average equity allocation has been around 92 per cent and its allocation to large caps is greater than 70 per cent.

 

Performance

The turnaround for it came in 2006. In the past six years, the fund has done well in both rising as well as falling markets. In fact, it has been quite resilient during market downturns of 2008 and 2011. Though it lagged behind its peers by a slight margin in 2012, its year-to-date returns are better than the category average.

Its annualised 5-year return of 13.26 per cent exceeds the category average of 4.88 per cent. It has also done better than its benchmark (BSE 100) in the past seven years barring 2012.

Coming to stock picks, BHEL, Reliance Industries, Infosys, L&T, ITC, SBI and Airtel are its favourites. Construction has been a dominant sector in the last two years but its allocation has come down in the past six months. In the last two years, the fund's highest single holding has not crossed 7 per cent. Currently, its highest allocation is towards giant cap stocks like HDFC Bank, Reliance, Infosys and ITC.

 

Why invest?

In the last few years the fund has done away with the element of uncertainty. Save a high expense ratio, it ticks all the right boxes for a potential investor.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

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OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

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Best Performing Mutual Funds

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3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
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