Canara Robeco ELSS Mutual Funds

The Canara Robeco Mutual Fund ELSS is an equity-linked mutual fund investment that offers significant returns and tax benefits throughout the three-year lock-in period. The fund has a 97.65% capital allocation in domestic equities, out of which 61.18% is utilised towards large-cap stocks, 16.14% is invested in mid-cap stocks, and 4.99% is invested in small-cap stocks. This is an ideal financial instrument for people looking to invest their money for three years while also preparing contingency for moderate losses. The fund has provided returns of 0.23% in the last year and has delivered 15.87% returns annually since its introduction. The fund mainly invests in the technology, financial, automobile, capital goods, and healthcare sectors.

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Best Mutual Funds 2024

Result Showing 1-4 of 4 Mutual Funds

    Mutual Fund Schemes
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    elss
    160.82Feb 5, 2024
    20%
    ₹7,033

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    elss
    70.76Feb 5, 2024
    20%
    ₹7,033

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    elss
    146.31Feb 5, 2024
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    Result Showing 1-4 of 4 Mutual Funds

    Investment Objective Canara Robeco ELSS Mutual Fund 

    These diversified equity-linked funds allow their investors to generate significant returns over the long run. The fund mainly invests in equity and equity-linked instruments in a specific proportion according to the fund’s mandate. The fund manager selects quality stocks after conducting a detailed market analysis to ensure the portfolio returns align with the fund's expectations. These investments have a lock-in period of three years. Any Canara Robeco Mutual Fund ELSS investment is eligible for tax deductions up to Rs. 1.5 lakhs as per Section 80C of the Income Tax Act. The investment amount is deductible from your tax amount, thus lowering your tax liability for the fiscal year.

    Risks Involved in Canara Robeco ELSS Mutual Fund 

    The Canara Robeco Mutual Fund ELSS exhibits the potential for moderately high to high market risk compared to other debt funds and balanced funds. The fund value might fluctuate as and when the underlying stock price goes up or down. The prices of the underlying stock might experience change according to the change in price and volume in the stock markets, exchange rates, interest rates, economic developments, tax rates, government policies, etc. Since these funds have a well-diversified portfolio, they are less riskier than small-cap/mid-cap and sector/theme-based funds. Further, the inherent risks may be negated by staying invested for longer durations; investors are advised to consider their risk tolerance before investing in these funds.

    Return Potential of Canara Robeco ELSS Mutual Fund

    An investment in the Canara Robeco Mutual Fund ELSS has the potential to generate returns in the form of regular dividends and capital appreciation. Capital appreciation can be the result of an increase in the price of underlying stock prices over a given investment duration. The three-year lock-in period helps the fund manager make fund allocations without fearing frequent redemption from the investor. The holistic investment strategy might lead to increased returns over the investment horizon. Typically, ELSS funds have, on average, delivered returns of about 12% to 15% over an investment tenure of over five years. Please note that the Canara Robeco Mutual Fund ELSS does not promise assured returns, and the fund's performance might vary from one period to the other. An aggressive investor might consider adding a few small-cap or mid-cap funds to their portfolio to boost returns.  

    Things To Consider Before Investing in Canara Robeco ELSS Mutual Fund

    Before deciding to invest in Canara Robeco Mutual Fund ELSS, it is important to have a thorough understanding of the underlying stock options. You should carefully analyse the instruments in which the fund invests and understand if they are per your investment objectives and risk appetite. Investors may want to infuse funds into this scheme to achieve long-term goals like retirement, children’s higher education, purchasing property, etc. To take the full advantage of this scheme, it is advised that you stay invested for longer periods throughout the lock-in duration.

    Tax on Canara Robeco Mutual ELSS Fund

    If an investment is redeemed after one year of investment, the returns or dividends gained are eligible for long-term capital gains taxes. If the returns from the investment are more than Rs. 1 lakh in a financial year, it will be taxed at a rate of 10%. If the investment is redeemed before one year from the investment date, it will qualify for short-term capital gains taxes. The prevailing short-term capital tax rate is 15%.

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    FAQs About Canara Robeco ELSS Mutual Fund

    How is Canara Robeco Mutual Fund ELSS doing?

    The Canara Robeco Mutual Fund ELSS has Rs. 4,407 crore worth of assets under its management. Since its introduction, it has provided an annual average return of 15.87%. The fund exhibits the ability to double the invested amount every three years.

    Is Canara Robeco ELSS Mutual Fund a safe investment?

    This growth scheme exhibits the ability to deliver returns consistent with other funds in its category. It has an above-average capacity to control losses in a falling market.

    Is it good to invest in equity funds?

    It is good for a seasoned investor as it provides you with a diversified portfolio, which effectively mitigates risk and generates returns with extra liquidity.
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