CANARA ROBECO EQUITY TAX SAVER
The investment strategy of the fund is focused towards identifying companies with strong competitive position in good business and having quality management. The stocks in the portfolio are selected on the basis of the fundamentals of the business, the industry structure, the quality of management, sensitivity to economic factors, the financial strength of the company and the key earnings drivers. The fund has been holding stocks in the range of 52 to 61 during our period of study (November 2011-October 2014).The fund’s stock holdings as on October 2014 stood at 52, out of which only 11 have found a place in the portfolio during the 36 months of analysis. Among these 11 stocks, HDFC Bank has been among the top 5 stock picks during the entire period of analysis with an average allocation of 6%. The fund manager has been biased towards the banking space as can be seen from the fact that the average allocation into this sector has been at 21% over a period of 3 years. It is also interesting to note here that banks and software have been among the top 5 sectoral picks in all the months under analysis with the average allocation into the latter standing at 12%.