Get the free Canara Robeco Equity Tax Saver Scheme

To provide long term capital appreciation by predominantly investing in equities to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961.

How to fill out canara robeco equity tax

How to fill out Canara Robeco Equity Tax Saver Scheme

1. Gather necessary documents such as PAN card and KYC documents.
2. Visit the Canara Robeco official website or nearest branch.
3. Choose the 'Equity Tax Saver Scheme' option in the investment section.
4. Fill out the application form with personal details including name, address, and contact information.
5. Mention the investment amount you wish to invest in the scheme.
6. Provide your bank account details for further transactions.
7. Submit the application form along with the required documents.
8. Make the payment through a cheque, demand draft, or online transfer as per the options provided.
9. Receive an acknowledgment receipt after successful submission.
10. Wait for the communication regarding the allotment of units and other details.

Who needs Canara Robeco Equity Tax Saver Scheme?

1. Individuals looking to save taxes under Section 80C of the Income Tax Act.
2. Investors seeking long-term capital appreciation through equity investments.
3. Taxpayers who are ready to commit to a 3-year lock-in period for better tax benefits.
4. People wanting to diversify their investment portfolio with equity exposure.

People Also Ask about

What is the return of Canara Robeco equity tax saver fund?

2. Returns: Its trailing returns over different time periods are: 10.83% (1yr), 19.08% (3yr), 24.25% (5yr) and 15.14% (since launch). Whereas, Category returns for the same time duration are: 9.32% (1yr), 20.67% (3yr) and 25.22% (5yr). 3.

What is the Canara tax saver scheme?

Canara Bank offers Tax Saver FD Scheme at an interest rate of 7.00% p.a. for regular citizens and 7.75% p.a. for senior citizens for 5 years tenure. Depositors can claim tax deductions of up to Rs 1.5 lakh from taxable income through Canara Bank tax saver FD under Section 80C of the Income Tax Act, in a financial year.

Which fund of Canara Robeco is best?

Best Canara Robeco Mutual Funds Fund NameAUM1 Yr Return Canara Robeco Flexi Cap Fund Direct Plan Growth Option ₹12609 Cr 12.41% Canara Robeco Multi Cap Fund Direct Growth ₹4034 Cr 12.39% Canara Robeco Manufacturing Fund Direct Growth ₹1539 Cr 7.60% Canara Robeco Mid Cap Fund Direct Growth ₹2718 Cr 13.11%8 more rows

Is the Canara Robeco tax saver fund good?

Well, Canara Robeco Equity Tax Savings Fund is one of the top-performing ELSS funds and best suggested ELSS funds to invest currently. You can plan your investment in this if you are looking for a long-term plus tax-saving return.

How is Canara Robeco equity tax saver fund?

ELSS : The fund has 97.61% investment in domestic equities of which 52.82% is in Large Cap stocks, 10.8% is in Mid Cap stocks, 11.47% in Small Cap stocks.

What happens after 3 years in ELSS?

What happens to ELSS after 3 years? ELSS funds come with a mandatory lock-in period of three years. Once this lock-in period ends for a particular installment or lump sum investment, the ELSS transforms into a fully liquid and open-ended equity-oriented investment scheme.

Which tax saver fund is best?

List of Top Tax Saving Mutual Funds in India sorted by Returns Mahindra Manulife ELSS Tax Saver Fund. Mirae Asset ELSS Tax Saver Fund. Invesco India ELSS Tax Saver Fund. Baroda BNP Paribas ELSS Tax Saver Fund. Tata ELSS Tax Saver Fund. Canara Robeco ELSS Tax Saver. Union ELSS Tax Saver Fund. Sundaram ELSS Tax Saver Fund.

Is it good to invest in Canara Robeco?

Canara Robeco AMC is a reputable AMC in the MF industry with good performance especially in equity schemes. Their diversified equity schemes have yielded above average returns for investors over the past 15--20 years. I have closely analyzed these schemes and they have a good track record over a long period of time.

For pdfFiller’s FAQs

What is Canara Robeco Equity Tax Saver Scheme?

The Canara Robeco Equity Tax Saver Scheme is a tax-saving equity mutual fund scheme that allows investors to claim tax deductions under Section 80C of the Income Tax Act in India. It primarily invests in equity and equity-related instruments to generate long-term capital growth.

Who is required to file Canara Robeco Equity Tax Saver Scheme?

Individuals and Hindu Undivided Families (HUFs) looking to save on taxes while investing in equities are required to file the Canara Robeco Equity Tax Saver Scheme to avail of tax benefits under Section 80C.

How to fill out Canara Robeco Equity Tax Saver Scheme?

To invest in the Canara Robeco Equity Tax Saver Scheme, investors need to fill out an application form provided by Canara Robeco Mutual Fund, provide KYC (Know Your Customer) documents, and select the investment amount and mode (lump sum or SIP).

What is the purpose of Canara Robeco Equity Tax Saver Scheme?

The purpose of the Canara Robeco Equity Tax Saver Scheme is to provide investors with an opportunity to grow their wealth through investments in equities while also enabling them to benefit from tax deductions under Section 80C.

What information must be reported on Canara Robeco Equity Tax Saver Scheme?

Investors must report personal details such as name, address, PAN, investment amount, and other KYC details as well as the redemption and dividend-related information if applicable.