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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