Fund Pick: Canara Robeco Equity Tax Saver is a consistent outperformer

Canara Robeco Equity Tax Saver Fund was launched in March 1993. It has featured in the top 30 percentile of the Equity Linked Savings Schemes (ELSS) category of CRISIL Mutual Funds Ranking (CMFR) for the past 12 quarters ended December 2020. The fund has been managed by Cheenu Gupta and Shridatta Bhandwaldar since March 2018 and October 2019, respectively. The month-end assets under management (AUM) of the fund grew from Rs 898 crore in January 2018 to Rs 1,476 crore in December 2020.

The investment objective of the scheme is to provide long-term capital appreciation by predominantly investing in equities to