Investment Objective and Approach

The scheme seeks to achieve long term capital appreciation by predominantly investing in equities. It also offers tax benefits under Section 80C. The investments may be made in primary as well as secondary markets and scheme may also invest in overseas equity markets like ADRs/GDRs.

ELSS seeking to provide long term capital appreciation by predominantly investing in equities to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. The fund follows a diversified equity investment approach, focusing on high-quality stocks across market capitalizations to generate superior long-term returns while maintaining reasonable risk levels.

Key features of the investment approach:

- Predominantly equity-focused portfolio (minimum 80% in equities)

- Diversified across sectors and market capitalizations

- 3-year mandatory lock-in period as per ELSS regulations

- Tax deduction benefits up to ₹1.5 lakh annually under Section 80C

- Long-term wealth creation focus with disciplined stock selection

Fund Managers

Ravi Gopalakrishnan, Yogesh Patil is the Current Fund Manager of Canara Robeco ELSS Tax Saver Direct Growth fund. However, based on multiple sources, the fund is currently managed by its fund managers Shridatta Bhandwaldar and Vishal Mishra.

Shridatta Bhandwaldar: Mr. Bhandwaldar is a BE (Mechanical) and MMS (Finance). Presently he is associated with Canara Robeco Mutual Fund. His previous assignment was with Daiwa Asset Mgt (India) Pvt. Ltd, Collins Stewart India Pvt. Ltd. as Asst. Vice President Research. He was also been associated with IL&FS Investment Ltd, Crisil Ltd and Quantum Information Services Ltd.

Vishal Mishra: Prior to joining Canara Robeco Mutual Fund he was associated with SBI Pension Funds Pvt. Ltd. (Jul 2012-Jun 2016) as Head-Research, Heritage India Advisory Pvt. Ltd. (Oct 2009-Jun 2012) as Senior Equity Analyst, Motilal Oswal Securities (Jan 2008-Sep 2009) and MF Global Securities (Apr 2006-Dec 2008).

The fund managers bring extensive experience in equity research and portfolio management, with a proven track record in identifying quality investment opportunities across market cycles.

About the Fund House (AMC)

Canara Robeco Mutual Fund was launched in 1993 as Canbank Mutual Fund and is India's second oldest asset manager. Canara Bank entered into a joint venture with the Robeco Group (a part of ORIX Corporation, Japan) and the mutual fund was renamed as the Canara Robeco Mutual Fund. It counts Canara Bank and Robeco Groep N.V. as the sponsors.

The asset management company combines the domestic market expertise of Canara Bank with the global investment management capabilities of Robeco. No. of schemes72 With over three decades of experience in fund management, the AMC has established itself as a reliable player in the Indian mutual fund industry.

Key highlights about Canara Robeco Asset Management:

- Joint venture between Canara Bank (India) and Robeco Group (Netherlands/Japan)

- One of India's oldest asset management companies

- Strong research capabilities and disciplined investment processes

- Focus on long-term wealth creation for investors

- Comprehensive product suite across asset classes

Should I Invest in Canara Robeco ELSS Tax Saver Fund?

This fund can be suitable for investors seeking:

Ideal for:

- Investors looking for tax benefits under Section 80C

- Those with investment horizon of 5+ years

- Investors comfortable with equity market volatility

- First-time ELSS investors due to reasonable minimum investment requirements

Key Performance Metrics (as of August 2025):

- The fund currently has an Asset Under Management(AUM) of ₹1,18,177 Cr and the Latest NAV as of 01 Aug 2025 is ₹193.20.

- The expense ratio of Canara Rob ELSS Tax Saver Plan is 0.53 as of 1st August 2025.

- Over the past five years, Canara Robeco ELSS Tax Saver Fund - Regular Plan has delivered an annualised return of 20.38% as of 03-Aug-2025.

- Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.

Consider if:

- You can stay invested for the mandatory 3-year lock-in period

- You understand equity market risks and volatility

- You're looking for potential tax-adjusted returns superior to traditional 80C instruments

- You prefer professional fund management over direct equity investments

Avoid if:

- Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

- You're extremely risk-averse or cannot tolerate short-term volatility

- You need liquidity before the 3-year lock-in period

FAQs

What is today's NAV of Canara Robeco ELSS Tax Saver Fund?

Latest NAV for Canara Rob ELSS Tax Saver is at ₹ 193.20. The current NAV of Canara Rob ELSS Tax Saver is ₹193.20, as of 1st August 2025.

What is the AUM of Canara Robeco ELSS Tax Saver Fund?

The fund currently has an Asset Under Management(AUM) of ₹1,18,177 Cr and the Latest NAV as of 01 Aug 2025 is ₹193.20.

What is the expense ratio of Canara Robeco ELSS Tax Saver Fund?

The expense ratio of Canara Rob ELSS Tax Saver Plan is 0.53 as of 1st August 2025. This is for the direct plan, while regular plan typically has higher expense ratios.

What are the returns of Canara Robeco ELSS Tax Saver Fund since inception?

Canara Robeco ELSS Tax Saver Direct- Growth scheme return performance in last 1 year is -0.58%, in last 3 years is 56.73% and 542.07% since scheme launch.

What is the minimum SIP amount to invest in Canara Robeco ELSS Tax Saver Fund?

The min. SIP amount to invest in this scheme is ₹500.

How do I invest in Canara Robeco ELSS Tax Saver Fund?

You can invest through Allvest platform by selecting the fund, choosing SIP or lumpsum option, completing KYC requirements, and setting up payment instructions.

How to start a SIP in Canara Robeco ELSS Tax Saver Fund?

Log into Allvest, search for the fund, select SIP option, choose investment amount and frequency, complete mandate setup, and authorize the investment.

How do I automate an SIP in Canara Robeco ELSS Tax Saver Fund?

Set up auto-debit mandate through Allvest platform by linking your bank account and authorizing automatic monthly deductions for the chosen SIP amount.

How can I withdraw/redeem my investment in Canara Robeco ELSS Tax Saver Fund?

The Canara Rob ELSS Tax Saver has a lock-in period of 3 years. After completion of 3 years, you can redeem through Allvest platform by placing a redemption request online.