Fund Name: Canara Robeco EquityTax Saver (G)
Ranked #2 by CRISIL
Category: ELSS (Equity Linked Savings Scheme)
Expense Ratio: 2.33%
Risk Level: Low
Benchmark: BSE 100
Objective: To provide long term capital appreciation for the investors by predominantly investing in equities.
Canara Robeco Equity Tax Saver fund has been in the industry for about 20 years. It’s annualized returns since launch is an impressive 14.5%. It’s 3 and 5 year returns have outperformed the benchmark BSE 100. Top holdings of this fund are in technology and financial sectors.
You should be considering this fund as a part of your portfolio if you want to invest in tax saving or ELSS funds. These funds give you the dual benefit of tax saving and capital appreciation. There is an SIP option available in this fund.