This particular ELSS scheme is well managed by fund manager Mr. Anand Shah delivering consistent performance in terms of absolute returns from last 5 years. Benchmark for the scheme is BSE 100 index. Canara Robeco equity tax saver enjoys 5 star rating by value research.
Looking at last 5 years track record, scheme manages to hold its no. 1 or no. 2 position in ELSS category. Scheme is ranked at 10th position with absolute returns of 95.7 % in last 1 year, holds 1st and 2nd position for the last 3 years and 5 years time period.
Below table provides scheme holdings as on 31st Dec 09.
Sector Allocation and Asset Allocation as on 31st Dec is as under:
One important aspect which we want to bring in notice is AUM (asset under management). AUM of Canara Robeco Equity Tax Saver is 86.15 Crore, which is significantly low as compared to other fund houses ELSS schemes and any major redemption in the scheme can affect its performance in future.
We suggest SIP (systemetic investment plan) for Canara Robeco Equity Tax Saver scheme looking at its past performance. One time investment may be risky looking at small AUM of the fund.