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Canara Robeco Equity Tax Saver Fund_1318392170

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					Bajaj Capital Center for Investment Research
BCCIR SELECT FUND                                                                                                                                                    Oct-11
                                                   CANARA ROBECO EQUITY TAX SAVER
Scheme Name:                         Investment Objective:
Canara Robeco Equity Tax Saver
                                     The scheme, earlier known as Canpep '93 seeks capital appreciation by investing around 85-95 per cent of the corpus in equity and debt
Fund House:                          instruments. Exposure to money market instruments would be upto 15 per cent of the corpus. The scheme has been converted in to an open-
Canara Robeco                        ended plan from May 1999.

Fund Manager:                        Portfolio Analysis:
Mr. Soumendra Nath Lahiri                                                                        Concentration Analysis
                                      Top 5 Equity
                                                         Top 10 Equity Holdings           Scrip with Highest Exposure      No. of Scrips             Top 5 Sectors
Launch Date:                           Holdings
March '1993                             23.12%                     35.90%                   Bharti Airtel Ltd. (6.23%)           51                     46.81%

Assets Under Management                                                                   Entries and Exits During the Month
Rs. 289.79 crs.                                Top 3 Entries                         Top 3 Exits              Top 3 Increases                  Top 3 Decreases
                                           Hindustan Unilever Ltd.             Persistent Systems Ltd.     Reliance Industries Ltd.            ICICI Bank Ltd.
Benchmark Index:                           Bharat Electronics Ltd.                                Housing
                                                                            Coromandel International Ltd. Development Finance Corpn. Ltd.      Bharti Airtel Ltd.
BSE 100                                     Zuari Industries Ltd.                       N.A.                   Bajaj Auto Ltd                 Union Bank of India

Portfolio Month:
August '2011
                                     Risk Reward Analysis:
NAV (05/Oct/2011):
                                       0.30
Dividend - 16.6
Growth - 23.55                                                  Canara Robeco Equity Tax Saver                Category Average               Benchmark (BSE 100)
                                       0.20

                                       0.10

                                       0.00

                                       -0.10

                                       -0.20

                                       -0.30
Dividend History: Yearly
2011             :         3           -0.40
2010             :         4
2009             :                     -0.50
2008             :         3
                                       -0.60
2007             :         6
2006             :         4           -0.70
                                                         3m                          6m                      1 yr                     2 yr                    3 yr
Point to Point returns:
1 month             :      -4.98%
3 months            :      -10.66%
6 months            :      -10.37%   Style Grid:
1 year             :       -16.91%
2 years*           :       6.95%                           Large               Mid           Small
3 years*           :       22.56%

                                                              √                √                 √
5 years*      :          15.67%          Growth
* Compound Annualised Growth Rate.

                                                              √                √                 √
                                          Blend
Entry Load:

                                                              √                √                 √
NIL                                       Value
Exit Load:




Source: Analytics Value Express
Bajaj Capital Center for Investment Research
AUM Trend:                                                                                                                                                                 NAV High & Lows (52 weeks)
                             700                                 Canara Robeco Equity Tax Saver                                    Category Average                        Current       : 16.60      : 16.60
                             600
                                                                                                                                                                           High          : 23.41      : 23.41
                                                                                                                                                                           Low           : 16.60      : 16.60
                             500
         AUM (Rs. crs)




                             400
                                                                                                                                                                           Statistical Ratios:
                             300                                                                                                                                           Expense Ratio         :   0.02
                             200                                                                                                                                           SD                    :   2.32
                             100                                                                                                                                           Sharpe                :   0.22
                                 0
                                                                                                                                                                           Beta                  :   0.73
                                     Jul-10   Aug-10   Sep-10   Oct-10     Nov-10    Dec-10     Jan-11     Feb-11   Mar-11       Apr-11   May-11   Jun-11      Jul-11      Alpha                 :   0.17
                                                                                                                                                                           Avg P/E               :   22.16
Sector Movements:                                                                                                                                                          Avg P/BV              :   5.03
                             25%                                             Aug-11      Jul-11          Jun-11
                                                                                                                                                                           Top 10 Holdings:                  (%) to NAV
                             20%
                                                                                                                                                                           Bharti Airtel Ltd.                : 6.23
                             15%                                                                                                                                           HDFC Bank Ltd.                    : 5.63
                                                                                                                                                                           Infosys Technologies Ltd.         : 3.91
                             10%
                                                                                                                                                                           Reliance Industries Ltd.          : 3.87
                              5%                                                                                                                                           ITC Ltd.                          : 3.48
                                                                                                                                                                           Bharat Heavy Electricals Ltd.     : 3.1
                              0%
                                       BANK        PHARMA       CND           SOFT            TEL            PP            CEM         POWER         ICG            PEST   Oil India Ltd.                    : 2.48
                                                                                                                                                                           State Bank of India               : 2.45
Market Capitalisation:                                                                                                                                                     ICICI Bank Ltd.                   : 2.39
                                                        Large Cap                         Mid Cap                            Small Cap                                     Ipca Laboratories Ltd.            : 2.36
                     70
                     60                                                                                                                                                    Top 5 Sectors:                    (%) to NAV
                     50                                                                                                                                                    Banks                             : 16.06
                     40                                                                                                                                                    Pharmaceuticals                   : 9.05
                     30                                                                                                                                                    Consumer Non Durables             : 8.3
                     20                                                                                                                                                    Software                          : 7.17
                     10                                                                                                                                                    Telecom - Services                : 6.23
                         0
                                         Apr-11                   May-11                        Jun-11                       Jul-11                        Aug-11          Sector Highlights:

Peer Group Performance:                                                                                                                                                    Banking Sector is leading the August 2011
                         30               Canara Robeco Equity Tax Saver                      Category Average                        Benchmark (BSE 100)                  portfolio with 16.06% exposure which has
                         20                                                                                                                                                been decreased from 18.61% exposure in
                         10                                                                                                                                                previous      month.      Exposure     to
(%)AvgReturn




                             0                                                                                                                                             Refineries/Marketing sector has been
                         -10
                                                  3m                            6m                                  1 yr                               3 yrs               increased from 4.29% to 6.15%. Exposure
                         -20                                                                                                                                               to Diversified sector has been increased
                         -30
                                                                                                                                                                           from 1.56% to 2.83%.
                                                                                                                                                                           Legend: BANK-Banks; PHARMA-
                         -40
                                                                                                                                                                           Pharmaceuticals; CND-Consumer Non Durables;
                                                                                                                                                                           SOFT-Software; TEL-Telecom - Services; PP-
                                                                                                                                                                           Petroleum Products; CEM-Cement; POWER-
                                                                                                                                                                           Power; ICG-Industrial Capital Goods; PEST-
View / Outlook: The fund is among the top performers in its category in terms of consistency in                                                                            Pesticides.
returns, and out performance coupled with low downside risk.

An investor may find it as a viable option to be included in his investment basket.
                                                                                                                                                                           Source: Analytics Value Express

				
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