Canara Robeco ELSS Tax Saver Direct Plan Growth Option
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 169.99 as on 06-05-2024
About the Fund
Canara Robeco ELSS Tax Saver Direct Plan Growth Option is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Vishal Mishra, Shridatta Bhandwaldar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Canara Robeco ELSS Tax Saver Direct Plan Growth Option has ₹7500 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Fund Performance
10302 people have invested ₹ 4Cr in Canara Robeco ELSS Tax Saver Direct Plan Growth Option in the last three months
Overview
 | 0.62% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹7500 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 24.46% |
Canara Robeco ELSS Tax Saver Direct Plan Growth Option Distribution as on (31-Mar-24)
Size breakup
Large cap
71.5%
Mid cap
13.5%
Small cap
10.3%
Sector Allocation
Financial Services
30.6%
Industrial
13.1%
Consumer Cyclical
13.1%
Tech
10.1%
Energy
6.9%
Consumer Defensive
6.5%
Health
6.4%
Basic Materials
5.9%
Communication
3.3%
Utilities
2.9%
Real Estate
1.1%
Top Holdings of Canara Robeco ELSS Tax Saver Direct Plan Growth Option as on (30-Apr-24)
Equity Holdings66
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.54% | 1.5% | |
 ICICI Bank Ltd | 5.87% | 0% | |
 Reliance Industries Ltd | 4.48% | 0% | |
 Infosys Ltd | 4.42% | 0% | |
 Larsen & Toubro Ltd | 3.08% | 5.1% |
See all
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Axis Bank Ltd | 6.1% |
 ICICI Bank Ltd | 5.1% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.21% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.68% in Mar'24
AUM Change
- AUM of the fund stands at 7.3K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 61.1% return, outperforming this fund by 27.17%.
Over the last 6 months, this fund has experienced a 22.2% growth in AUM moving from 6.13K Cr to 7.50K Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.23% return, outperforming this fund by 13.89% per annum.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.08% return, outperforming this fund by 11.84% per annum.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.62% which is lower than the category average expense ratio of 1.29%.
Over the last 1 month, this fund has increased expense ratio by 10.7% moving from 0.56 to 0.62.
INDmoney Rank
Powered by IND quant engine
10
/23
48% Performance
43% Risk Management
85% Cost
10 out of 23 among elss (tax savings)
Pros
Recovers losses quickly
Beats FD returns for both 3Y & 5Y
Cons
3Y returns in the bottom 25% of the category
Peer Analysis
Fund Manager
Vishal Mishra
Fund Manager of Canara Robeco ELSS Tax Saver Direct Plan Growth Option, since 26 June 2021
Top funds managed
Shridatta Bhandwaldar
Fund Manager of Canara Robeco ELSS Tax Saver Direct Plan Growth Option, since 1 October 2019
Top funds managed
Canara Robeco ELSS Tax Saver Direct Plan Growth Option Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.63% since inception which is more than its category average return of 15.79%
Fund Allocations
This fund has an allocation of 95.32% in Equity, 0% in Debt and 4.68% in Cash related instruments
AUM size ₹7500 Cr
This fund has AUM of ₹7500 Cr which is more than its category average of ₹ 3539 Cr
Expense Ratio 0.62%
This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Canara Robeco ELSS Tax Saver Direct Plan Growth Option is ₹169.99 as on 06-May-2024.
Existing (Absolute + CAGR) as on 06-May-2024.
Canara Robeco ELSS Tax Saver Direct Plan Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 1.84% | 1.84% |
6 Month Returns | 21.34% | 21.34% |
1 Year Returns | 33.94% | 33.94% |
3 Years Returns | 69.54% | 19.24% |
5 Years Returns | 152.44% | 20.35% |
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0.62% as on April 2024
₹7500 Cr as on April 2024
HDFC Bank Ltd(6.54%), ICICI Bank Ltd(5.87%), Reliance Industries Ltd(4.48%), Infosys Ltd(4.42%), Larsen & Toubro Ltd(3.08%) as on April 2024
Financial Services(29.17%), Industrial(12.52%), Consumer Cyclical(12.51%) as on April 2024
The alpha ratio for the Canara Robeco ELSS Tax Saver Direct Plan Growth Option for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Canara Robeco ELSS Tax Saver Direct Plan Growth Option | -1.5 | 0.26 | 3.05 |
As on April 2024
The alpha for Canara Robeco ELSS Tax Saver Direct Plan Growth Option is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Canara Robeco ELSS Tax Saver Direct Plan Growth Option for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Canara Robeco ELSS Tax Saver Direct Plan Growth Option | 0.94 | 0.91 | 0.88 |
As on April 2024
The Beta for Canara Robeco ELSS Tax Saver Direct Plan Growth Option is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Canara Robeco ELSS Tax Saver Direct Plan Growth Option for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Canara Robeco ELSS Tax Saver Direct Plan Growth Option | 2.35 | 1.06 | 0.86 |
As on April 2024
The sharpe ratio for Canara Robeco ELSS Tax Saver Direct Plan Growth Option is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Canara Robeco ELSS Tax Saver Direct Plan Growth Option for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Canara Robeco ELSS Tax Saver Direct Plan Growth Option | 10.04 | 12.47 | 17.36 |
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.09 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Vishal Mishra, Shridatta Bhandwaldar are the fund managers of Canara Robeco ELSS Tax Saver Direct Plan Growth Option
The Exit load of Canara Robeco ELSS Tax Saver Direct Plan Growth Option is 0%