Canara Robeco ELSS Tax Saver Fund
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.
Growthvine rating: 2/5 — ranked #40 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹180.89 (as of 2026-08-21) |
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| AUM | ₹8,758 Cr |
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| Expense ratio | 1.52% |
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| Riskometer | Very High |
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| Fund manager | Shridatta Bhandwaldar |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 11.14% |
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| Sharpe ratio | 0.43 |
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| Standard deviation | 14.53% |
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| Max drawdown | -34.33% |
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| Alpha | -0.26 |
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| Beta | 0.95 |
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Over 5 years, captured 92.5% of Nifty 500's upside and 96.8% of its downside.
Market cap allocation
| Large cap | 75.3% |
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| Mid cap | 16.4% |
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| Small cap | 8.2% |
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Concentration
| Top 5 holdings | 24.5% |
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| Top 10 holdings | 38.9% |
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| Total holdings | 74 |
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| Index overlap | 50.9% |
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| Active share | 49.1% |
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Top holdings
- ICICI Bank Ltd. — 7.1%
- HDFC Bank Ltd. — 6.1%
- Reliance Industries Ltd — 4.2%
- State Bank Of India — 3.6%
- Bharti Airtel Ltd. — 3.5%
- Larsen & Toubro Limited — 3.3%
- Infosys Ltd — 3.1%
- Bajaj Finance Limited — 3.0%
- AXIS Bank Ltd. — 2.6%
- TREPS — 2.3%
Top sectors
- Banking & Financial — 22.7%
- Automobile — 8.9%
- Retail — 7.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 0.7% | Q3 | #29 of 52 |
| 2025 | 5.3% | Q2 | #16 of 51 |
| 2024 | 17.5% | Q3 | #29 of 51 |
| 2023 | 23.7% | Q4 (Bottom) | #43 of 48 |
| 2022 | -0.2% | Q4 (Bottom) | #34 of 43 |