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Name
of the Scheme
|
Canequity
Tax Saver |
Type,
nature and duration
|
Open
Ended Equity Linked Saving
Scheme with an unlimited
duration |
| Scheme
Objective |
Equity
Linked Saving Scheme (ELSS)
ELSS seeking
to provide long term
capital appreciation by
predominently investing in equities.
Tax benefits u/s 88(2) (xiiib)
of IT Act, 1961 on the amount
invested, subject to maximum
Rs.20,000.00 |
Minimum
investment
|
Rs.500.00 |
Load
structure
|
Entry Load: 2.00% - for
investmetns less than Rs.200 lacs, Nil - for
investmetns of Rs.200 lacs
and above.
Exit Load: Nil |
Launch
date
|
25th
February, 1993 (Converted
into an Open Ended w.e.f.
15/05/1999) |
Dividend
details
|
1993
- 1994 - 15%
1994 - 1995 - 12.5%
1995 - 1996 - 14%
1999 - 2000 - 40%
2000 - 2001 -
20%
|
Fundamantal
attributes
|
Equity
& Equity related instruments
Debt Instruments * upto
85% to 95%
MMIs/ Govt. Securities upto
15%
*Investment may also be
made in partly convertible
Debentures and Bonds, including
those issued on rights basis,
subject to the condition
that, as far as possible,
the non-convertible portion
of the debentures so acquired
or subscribed, shall be
disinvested within a peroid
of 12 months. |
Investment
strategy
|
The
investment may be made in
primary as well as secondary
markets as far as possible,
the portfolio will be adequately
diversified to reduce the
risk under performance,
arising out of unexpected
security specific factors.
Investment in debentures
will be in securities rated
as investment grade by a
Credit Rating Agency authorised
to carry out such activity
under the SEBI Act, 1992.
The above investment pattern
is indicative and may be
changed by the Investment
Manager for defensive considerations. |
Tax Benefits
|
Tax-free dividend, tax benefit under Section 88 of the I.T. Act, 1961 and capital gains tax benefits. |
Fund
Manager's name
|
U.P.Bhat |
| Email
ID |
Upbhat@canbankmutual.com |
Registrar
|
Canbank
Computer Services Ltd.
J P Royale 1st
Floor, No.218,2nd main,
sampige road(Nr.14th cross),Malleswaram,
Bangalore - 560
003.
Ph : 080
23469661,62,64,65
Fax : 080
23469667,68
Email : ccslrnt@vsnl.com
/ ccslrnt@eth.net
|
Custodian
|
H
D F C Bank,
Sandoz House, Dr. Annie
Besant Road, Mumbai. |
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