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Energy
In the crowded market of tax-saving investment options under Section 80C, Canara Robeco ELSS Tax Saver Regular - Growth plan stands out as a highly rewarding choice. With its compelling 5-year return of 24.94%, this Equity Linked Savings Scheme (ELSS) offers investors an attractive blend of tax benefits, wealth creation potential, and a relatively short lock-in period. If you’re looking to grow your wealth while saving on taxes, this featured fund deserves your attention.
Launched on February 2, 2009, the Canara Robeco ELSS Tax Saver Fund is a diversified equity mutual fund specifically designed to combine tax-saving with long-term wealth creation[1]. It is benchmarked against the BSE 500 Total Return Index and primarily invests in equities to capitalize on growth opportunities in India’s dynamic stock markets. The fund’s portfolio is composed of roughly 96% equities, with the balance in cash and liquid assets, reinforcing its aggressive growth-oriented investment style[1][2].
Investors seeking higher returns often grapple with balancing risk and reward. Canara Robeco ELSS Tax Saver has demonstrated stellar performance, delivering a 5-year annualized return nearing 25%, significantly higher than typical fixed deposits or Public Provident Fund (PPF) returns, which average around 6-8%[3][5].
| Investment Option | Average Annualized Returns | Lock-in Period | Tax Benefit Under 80C | Post-Tax Returns (Approx.) | |----------------------|----------------------------|----------------|-----------------------|----------------------------| | Tax Saving FD | 6% | 5 years | Yes | 4.2% | | PPF | 8% | 15 years | Yes | 8.0% | | ELSS (Canara Robeco) | ~25% (5Y CAGR) | 3 years | Yes | 10.8%* |
*Assuming 10% tax on capital gains after lock-in[5].
The fund’s portfolio is well diversified across market capitalizations with emphasis on large-cap stocks (over 52%), complemented by mid-cap (around 10%) and small-cap (approximately 11%) stocks, aimed at balancing growth with stability[2][4].
Top holdings include blue-chip companies across sectors:
This mix provides exposure to financial services, technology, energy, and infrastructure sectors, helping mitigate sector-specific risks while tapping into India’s growth story.
Compared to other tax-saving options like PPF or tax-saving fixed deposits, which have lock-in periods of 15 and 5 years respectively, ELSS funds require a lock-in of just 3 years[5]. This means investors can redeem their units relatively early and access their funds sooner, which adds flexibility and liquidity to their investment strategy.
Investors can claim deductions up to Rs 1.5 lakh per annum under Section 80C of the Income Tax Act by investing in ELSS funds like Canara Robeco. Additionally, long-term capital gains up to Rs 1 lakh are exempt from tax, enhancing tax efficiency[5].
The minimum investment amount typically starts from Rs 500 for SIPs, making it accessible for both small and large investors[1].
This fund is ideal for:
While the fund offers robust returns, it carries the inherent risks associated with equity investments:
Investors should evaluate their risk appetite and investment horizon carefully.
With a 5-year compounded annual return of nearly 25%, a diversified portfolio rich in large and mid-cap leaders, and the shortest lock-in period among tax-saving instruments, the Canara Robeco ELSS Tax Saver Regular - Growth fund is a compelling option for individual investors seeking aggressive growth alongside tax benefits. Coupled with expert fund management and a transparent investment strategy, it provides a balanced approach to long-term wealth creation.
If you want to save taxes efficiently while aiming for attractive market-linked returns, consider investing in Canara Robeco ELSS Tax Saver Regular - Growth today and set your financial goals on a growth trajectory.
Start investing now to maximize your tax savings and enjoy wealth creation with Canara Robeco ELSS Tax Saver Regular - Growth fund’s impressive track record and robust portfolio.[1][2][3][5]
