About Canara Robeco Equity Tax Saver Direct- Dividend Reinvestment
Canara Robeco Equity Tax Saver Direct- Dividend Reinvestment is a
Tax Saver mutual fund scheme from
Canara Robeco Mutual Fund. This scheme was launched on 02 Jan 2013 and is currently managed by its fund managers
Shridatta Bhandwaldar and
Cheenu Gupta. It has an AUM of ₹995.11 Crores and the latest NAV decalared is ₹38.260 as on 06 Dec 2019 at 9:45 pm.
Canara Robeco Equity Tax Saver Direct- Dividend Reinvestment scheme return performance in last 1 year is 13.09%, in last 3 years is 50.55% and 132.97% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.