Can I invest in SIP and Lumpsum in Canara Robeco ELSS Tax Saver - Direct (IDCW) Direct Growth?

Yes, you can invest both lumpsum and SIP in Canara Robeco ELSS Tax Saver - Direct (IDCW). Minimum lumpsum investment Canara Robeco ELSS Tax Saver - Direct (IDCW) is ₹500 and minimum SIP amount is ₹500 . Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

What is the NAV of Canara Robeco ELSS Tax Saver - Direct (IDCW) Direct Growth?

The latest NAV (Net Asset Value) of Canara Robeco ELSS Tax Saver - Direct (IDCW) is Canara Robeco ELSS Tax Saver - Direct (IDCW) is ₹77.23 as on 2025-01-16.

Which are the biggest stock holdings of Canara Robeco ELSS Tax Saver - Direct (IDCW)?

The 5 biggest stock holdings of Canara Robeco ELSS Tax Saver - Direct (IDCW) are: HDFC Bank (6.91%), ICICI Bank (6.38%), Infosys (4.67%), Reliance Industr (3.30%), Bharti Airtel (3.27%)

What are the top sectors Canara Robeco ELSS Tax Saver - Direct (IDCW) invests in?

A majority of Canara Robeco ELSS Tax Saver - Direct (IDCW) 's AUM worth ₹8,696.23 (Cr) is invested in these 3 top sectors: Banks : 17.40% IT-Software : 9.07% Finance : 4.98%

Mutual Funds
Canara Robeco ELSS Tax Saver - Direct (IDCW)

Canara Robeco ELSS Tax Saver - Direct (IDCW)

ELSS

Invest Now

NAV
77.23(0.80%)
Fund Size (CR)
₹8,696.23
Expense Ratio
0.56
Scheme Type
Active Fund
Value Research

Min. investment
₹500
Minimum Additional Investment
₹0
Minimum SIP Investment
₹500
Minimum Withdrawal
₹500
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
0%
Return Since Launch
15.57%

Absolute Return: -9.83%

Annualized Return: 0%

Basic Details

Scheme Manager

Vishal Mishra

Bench Mark

BSE 500 TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	8 January 2025	9703.65	-2.96%	-	-3.50%	49/225
1 Month	13 December 2024	9231.33	-7.69%	-	-7.74%	125/225
3 Month	15 October 2024	9136.60	-8.63%	-	-8.77%	101/225
6 Month	15 July 2024	9615.54	-3.84%	-	-5.27%	73/225
1 Year	15 January 2024	11243.44	12.43%	12.43%	12.70%	98/225
3 Year	14 January 2022	13909.37	39.09%	11.63%	13.89%	154/215
5 Year	15 January 2020	23898.89	138.99%	19.04%	19.67%	102/215
Since Inception	2 January 2013	57151.50	471.51%	15.57%	16.08%	117/225

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	1 February 2024	1,20,000	177113.54	47.59%	47.59%
3 Year	1 February 2022	3,60,000	652066.36	81.13%	21.90%
5 Year	3 February 2020	6,00,000	1282704.45	113.78%	16.41%
10 Year	2 February 2015	12,00,000	3268120.50	172.34%	10.54%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

3.63%

Standard Deviation

0.97%

Beta

0.73%

Sharpe Ratio

0.10%

Treynor's Ratio

4.17%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
HDFC Bank	6.91%	3387584	600.57	Equity	Banks
ICICI Bank	6.38%	4326000	554.44	Equity	Banks
Infosys	4.67%	2161310	406.33	Equity	IT - Software
Reliance Industr	3.30%	2362000	287.09	Equity	Refineries
Bharti Airtel	3.27%	1790000	284.21	Equity	Telecomm-Service
Larsen & Toubro	2.65%	639369	230.66	Equity	Infrastructure Developers & Operators
St Bk of India	2.28%	2495000	198.34	Equity	Banks
NTPC	2.17%	5650988	188.38	Equity	Power Generation & Distribution
Bajaj Finance	1.95%	247950	169.18	Equity	Finance
Divi's Lab.	1.93%	275000	167.72	Equity	Pharmaceuticals

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Canara Robeco ELSS Tax Saver - Direct (IDCW)	8696.23	-7.69%	-8.63%	-3.84%	12.43%	11.63%
SBI Long Term Advantage Fund-Series V -Dir (IDCW)	366.59	-5.61%	-4.30%	3.25%	36.02%	16.56%
SBI Long Term Advantage Fund - Series V -Dir (G)	366.59	-5.61%	-4.30%	3.25%	36.02%	16.56%
Motilal Oswal ELSS Tax Saver Fund-Dir (IDCW)	4414.88	-9.58%	-9.37%	3.47%	31.55%	23.14%
Motilal Oswal ELSS Tax Saver Fund-Dir (G)	4414.88	-9.58%	-9.37%	3.47%	31.55%	23.14%
HSBC Tax Saver Equity Fund - Direct (G)	260.85	-7.71%	-4.78%	2.97%	24.06%	15.67%

News

Canara Robeco MF announces Monthly Income Distribution cum Capital Withdrawal (IDCW) under its schemes
Canara Robeco Mutual Fund has announced 29 November 2024 as the record date for declaration of quarterly & monthly Income Distribution cum Capital Withdrawal (IDCW) under the following schemes. The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be:
Canara Robeco Blue Chip Equity Fund ' Regular Plan ' IDCW Option: 1.52
Canara Robeco Blue Chip Equity Fund ' Direct Plan ' IDCW Option: 2.74
Canara Robeco Emerging Equities ' Regular Plan ' IDCW Option: 4.36
Canara Robeco Emerging Equities ' Direct Plan ' IDCW Option: 6.58
Canara Robeco ELSS Tax Saver ' Regular Plan ' IDCW Option: 1.25
Canara Robeco ELSS Tax Saver ' Direct Plan ' IDCW Option: 2.00
Canara Robeco Corporate Bond Fund ' Regular Plan ' IDCW Option: 0.29
Canara Robeco Corporate Bond Fund ' Direct Plan ' IDCW Option: 0.31
Canara Robeco Conservative Hybrid Fund ' Regular Plan ' Monthly IDCW Option & Direct Plan ' Monthly IDCW Option: 0.10 each
Canara Robeco Short Duration Fund ' Regular Plan ' Monthly IDCW Option & Direct Plan ' Monthly IDCW Option: 0.06 each
Canara Robeco Equity Hybrid Fund ' Regular Plan ' Monthly IDCW Option: 0.73
Canara Robeco Equity Hybrid Fund ' Direct Plan ' Monthly IDCW Option:0.60
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Canara Robeco MF announces Monthly Income Distribution cum Capital Withdrawal (IDCW) under its schemes
Canara Robeco Mutual Fund has announced 25 October 2024 as the record date for declaration of quarterly & monthly Income Distribution cum Capital Withdrawal (IDCW) under the following schemes. The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be:
Canara Robeco Flexi Cap Fund ' Regular Plan ' IDCW Option: 3.28
Canara Robeco Flexi Cap Fund ' Direct Plan ' IDCW Option: 4.94
Canara Robeco Conservative Hybrid Fund ' Regular Plan ' Monthly IDCW Option & Direct Plan ' Monthly IDCW Option: 0.10 each
Canara Robeco Short Duration Fund ' Regular Plan ' Monthly IDCW Option & Direct Plan ' Monthly IDCW Option: 0.06 each
Canara Robeco Equity Hybrid Fund ' Regular Plan ' Monthly IDCW Option: 0.77
Canara Robeco Equity Hybrid Fund ' Direct Plan ' Monthly IDCW Option:0.60
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Canara Robeco MF announces change in Fund Manager of the following schemes

Canara Robeco Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 16 September 2024

Change in Fund Managers of the Schemes:

Scheme Name	Existing Fund Manager(s)	New Fund Manager(s)
Canara Robeco Ultra Short Term Fund	1. Ms. Suman Prasad (Fund Manager) 2. Mr. Avnish Jain (Fund Manager)	1. Mr. Kunal Jain (Fund Manager) 2. Mr. Avnish Jain (Fund Manager)
Canara Robeco Banking and PSU Debt Fund	1. Mr. Avnish Jain (Fund Manager)	1. Mr. Suman Prasad (Fund Manager) 2. Mr. Avnish Jain (Fund Manager)

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Fund House Details & Investment Objective

Date of Incorporation

1 January 2013

Total AUM (Cr)

₹8696.23

Canara Robeco ELSS Tax Saver - Direct (IDCW) is an ELSS-oriented fund from the renowned AMC, Canara Robeco Mutual Fund. Launched in 1 January 2013, this fund is managed by Vishal Mishra. With assets under management (AUM) worth ₹8,696.23 (Cr), as of 16 January 2025, Canara Robeco ELSS Tax Saver - Direct (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of 15.57% since its launch.
The current NAV of Canara Robeco ELSS Tax Saver - Direct (IDCW) is ₹77.23, as on 16 January 2025. The fund's benchmark index is BSE 500 TRI. You can invest in Canara Robeco ELSS Tax Saver - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹500.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Nil The fund has generated 11.63% and 19.04% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 96.22% in Equity, 3.81% in Debt and -0.03% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 17.40% in Banks, 9.07% in IT-Software, 4.98% in Finance, 4.49% in Debt, 4.46% in Retailing

FAQs

How to Invest in Canara Robeco ELSS Tax Saver - Direct (IDCW) Direct Growth?

Canara Robeco ELSS Tax Saver - Direct (IDCW) is a popular fund in the ELSS segment. The fund has generated a return of 15.57% since inception. Looking to invest in Canara Robeco ELSS Tax Saver - Direct (IDCW) How about earning 1% extra return? All this is possible with m.Stock! Investing in Canara Robeco ELSS Tax Saver - Direct (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
In the search bar, enter the fund name, in this case, Canara Robeco ELSS Tax Saver - Direct (IDCW)
On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Canara Robeco ELSS Tax Saver - Direct (IDCW) today and reap the benefits of this ELSS fund!

How much returns has Canara Robeco ELSS Tax Saver - Direct (IDCW) Direct Growth generated?

In the short term, i.e., 1 year, Canara Robeco ELSS Tax Saver - Direct (IDCW) has generated annualised return of 12.43%. In the long-term, the fund has generated 11.63% and 19.04% in 3 and 5 years respectively. Since its inception, the fund has generated 15.57% returns.

What is the expense ratio of Canara Robeco ELSS Tax Saver - Direct (IDCW) Direct Growth?

The expense ratio of Canara Robeco ELSS Tax Saver - Direct (IDCW) Direct Growth is 0.56%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of Canara Robeco ELSS Tax Saver - Direct (IDCW) Fund Direct Growth?

The Assets Under Management (AUM) of Canara Robeco ELSS Tax Saver - Direct (IDCW) is ₹8,696.23 (Cr) as of 2025-01-16 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Canara Robeco ELSS Tax Saver - Direct (IDCW) Direct Growth?

Redeeming or selling units of Canara Robeco ELSS Tax Saver - Direct (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Canara Robeco ELSS Tax Saver - Direct (IDCW):

Login to your m.Stock account
In portfolio, your mutual fund investments will be visible under ‘MF’
Select the fund you wish to redeem from (in this case Canara Robeco ELSS Tax Saver - Direct (IDCW)).
Click on ‘Redeem’ button
You have 2 options – redeem by units and redeem by value (you can only redeem free units)
Select units to be redeemed and click on submit.
Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).