Canara Robeco Equity Tax Saver has outperformed its category average four times in the past five years.
FUND FACTS
INCEPTION: April 1993
CATEGORY: Equity tax planning
TYPE: Open-ended
AUM: Rs 551.88 crore
BENCHMARK INDEX: BSE 100
WHAT IT COSTS
NAV: Rs 27.89 (G), Rs 17.15 (D)
MIN INVESTMENT:Rs 500
MIN SIP AMOUNT:Rs 500
EXPENSE RATIO:2.29%
EXIT LOAD:Nil
WHO SHOULD INVEST IN IT?
Canara Robeco Equity Tax Saver maintains a diversified portfolio consistently with a large- and mid-cap growth orientation and the flexibility to invest in small-cap stocks at opportune times. Over the past five years, energy, financial services and technology have been part of the top five sectors.
The fund has maintained a compact portfolio without compromising on diversification. It consistently beats its benchmark, irrespective of the timing of one's investment, making it a good addition to a core portfolio.
However, the frequent change in fund management in recent years is a cause of concern for investors.
MEET THE FUND MANAGER
Fund manager Krishna Sanghvi has been at the helm since September 2012. "Stocks are selected based on fundamentals of business, industry structure, quality of management, sensitivity to economic factors, financial strength and key earnings drivers," he says.
Data and analysis of the fund have been sourced from Value Research
