Canara Robeco ELSS - Tax Saver Fund vs Canara Robeco Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund and Canara Robeco Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Canara Robeco ELSS - Tax Saver Fund (Direct) returned −4.7% and Canara Robeco Multi Asset Allocation Fund (Direct) returned 2.8%. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and Canara Robeco Multi Asset Allocation Fund 0.98% (Direct plans). Their portfolios overlap 40.3%: they hold 27 of the same securities.
Canara Robeco ELSS - Tax Saver Fund
ELSS
- 1 year return
- −4.7%
- Expense ratio
- 0.73%
- NAV
- ₹192.74
Canara Robeco Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 2.8%
- Expense ratio
- 0.98%
- NAV
- ₹11.00
Which is better, Canara Robeco ELSS - Tax Saver or Canara Robeco Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Canara Robeco Multi Asset Allocation returned more over 1 year: 2.8% against −4.7%.
- Canara Robeco ELSS - Tax Saver costs less: 0.73% a year against 0.98% (Direct plans).
- Canara Robeco Multi Asset Allocation fell less in its worst fall since 03-06-2025: −10.5% against −12.9%.
- Canara Robeco ELSS - Tax Saver holds more in large companies: 73.5% of the fund in large caps against 38.9%.
- Canara Robeco ELSS - Tax Saver is the larger fund: ₹8,167 Cr against ₹1,369 Cr.
- Their portfolios overlap 40.3%: 27 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Canara Robeco ELSS - Tax Saver Fund | Canara Robeco Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Canara Robeco Mutual Fund |
| Category | ELSS | Multi Asset |
| AUM | ₹8,167 Cr (30-09-2026) | ₹1,369 Cr (30-09-2026) |
| NAV | ₹192.74 (Direct) | ₹11.00 (Direct) |
| Expense ratio (Direct) | 0.73% | 0.98% |
| Expense ratio (Regular) | 1.85% | 2.35% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | 65% BSE 200 TRI + 20% NIFTY Short Duration Debt Index + 10% Domestic Price of Gold + 5% Domestic Price of Silver |
| Launch date | 31-03-1993 | 30-05-2025 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | None |
| Fund managers | Vishal Mishra / Mr. Shridatta Bhandwaldar | Amit Kadam/ Ms. Ennette Fernandes/Mr. Bhupesh Kalyani / Mr. Avnish Jain |
| Exit load | Nil | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 365 days. |
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Asset Allocation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Canara Robeco ELSS - Tax Saver Fund (Direct) | +0.20% | −4.74% | −1.14% | −4.70% | +11.47% | +9.00% | +14.38% |
| Canara Robeco Multi Asset Allocation Fund (Direct) | −1.08% | −3.08% | +0.55% | +2.80% | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 37 Multi Asset funds, same plan type.
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Asset Allocation: Year-wise Returns
| Year | ELSS - Tax SaverCanara Robeco ELSS - Tax Saver | Multi Asset AllocationCanara Robeco Multi Asset Allocation |
|---|---|---|
| 2026to date | −4.49% | −0.18% |
| 2025 | +6.46% | -- |
| 2024 | +18.88% | -- |
| 2023 | +25.20% | -- |
| 2022 | +1.22% | -- |
| 2021 | +36.81% | -- |
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Canara Robeco ELSS - Tax Saver Fund
Rolling returns
Every 1-year holding period, 102 of them, one for each trading day from 03-06-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Canara Robeco ELSS - Tax Saver Fund (Direct)
Canara Robeco Multi Asset Allocation Fund (Direct)
BSE 500 TRI
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canara Robeco ELSS - Tax Saver | 36.3 | 50.0 | 13.7 | 0.0 | 0.0 | 0.0 | 0.0 | 1.2% | 1.7% | −6.6% | 7.8% | 100% |
| Canara Robeco Multi Asset Allocation | 0.0 | 13.7 | 29.4 | 54.9 | 2.0 | 0.0 | 0.0 | 9.7% | 10.3% | 1.1% | 15.2% | 100% |
| BSE 500 TRI | 52.0 | 43.1 | 4.9 | 0.0 | 0.0 | 0.0 | 0.0 | −0.4% | −0.1% | −9.2% | 6.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 03-06-2025. Past returns do not promise future returns.
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Asset Allocation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct) | ₹1,70,000 | ₹1,66,687 | −₹3,313 | −2.6% |
| Canara Robeco Multi Asset AllocationCanara Robeco Multi Asset Allocation Fund (Direct) | ₹1,70,000 | ₹1,73,687 | ₹3,687 | 2.9% |
Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct)
Canara Robeco Multi Asset AllocationCanara Robeco Multi Asset Allocation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco ELSS - Tax Saver Fund (Direct) | Canara Robeco Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.70% | +2.80% |
| Standard deviation | 14.07% | 11.40% |
| Sharpe ratio | -0.71 | -0.21 |
| Sortino ratio | -0.96 | -0.29 |
| Maximum drawdown | −12.9% (30-03-2026) | −10.5% (23-03-2026) |
| Beta | 0.98 | -- |
| Alpha | +2.65% | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Canara Robeco ELSS - Tax Saver Fund (Direct) | Canara Robeco Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.38% | +6.93% |
| Standard deviation | 15.25% | 10.10% |
| Sharpe ratio | 0.55 | 0.16 |
| Sortino ratio | 0.74 | 0.22 |
| Maximum drawdown | −34.3% (23-03-2020) | −10.5% (23-03-2026) |
| Beta | 0.94 | -- |
| Alpha | +1.96% | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Canara Robeco ELSS - Tax Saver Fund (Direct)
Canara Robeco Multi Asset Allocation Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Canara Robeco ELSS - Tax Saver Fund (Direct) | −12.9% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −6.9% |
| Canara Robeco Multi Asset Allocation Fund (Direct) | −10.5% | 29-01-2026 | 23-03-2026 | 03-08-2026 | 4 months | −6.5% |
| BSE 500 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
From daily values since 03-06-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Canara Robeco ELSS - Tax Saver Fund (Direct)
Canara Robeco Multi Asset Allocation Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco ELSS - Tax Saver Fund (Direct) | 100% | 89% | 1.93% |
| Canara Robeco Multi Asset Allocation Fund (Direct) | 79% | 30% | 7.36% |
From month-end values since 03-06-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco ELSS - Tax Saver Fund, September 2026; Canara Robeco Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 40.3%
- Held by both
- 27
- Only in Canara Robeco ELSS - Tax Saver
- 47
- Only in Canara Robeco Multi Asset Allocation
- 24
| Security | % of Canara Robeco ELSS - Tax Saver | % of Canara Robeco Multi Asset Allocation |
|---|---|---|
| ICICI Bank Ltd | 6.82% | 5.88% |
| HDFC Bank Ltd | 6.22% | 4.35% |
| Bharti Airtel Ltd | 3.35% | 3.73% |
| Eternal Ltd | 2.31% | 2.74% |
| Reliance Industries Ltd | 4.05% | 2.06% |
| Bajaj Finance Ltd | 2.74% | 1.96% |
| Larsen & Toubro Ltd | 3.42% | 1.88% |
| Interglobe Aviation Ltd | 1.82% | 1.44% |
| Ultratech Cement Ltd | 1.78% | 1.40% |
| Torrent Pharmaceuticals Ltd | 1.66% | 1.34% |
| Kotak Mahindra Bank Ltd | 1.26% | 2.08% |
| Divi's Laboratories Ltd | 2.79% | 1.19% |
| Varun Beverages Ltd | 1.13% | 1.61% |
| Max Financial Services Ltd | 1.11% | 1.36% |
| Hindustan Aeronautics Ltd | 1.10% | 1.44% |
| Lenskart Solutions Ltd | 1.00% | 1.49% |
| Info Edge (India) Ltd | 0.99% | 2.10% |
| FSN E-Commerce Ventures Ltd | 0.88% | 0.89% |
| TVS Motor Co Ltd | 1.58% | 0.83% |
| Tech Mahindra Ltd | 0.76% | 1.30% |
| Max Healthcare Institute Ltd | 0.66% | 2.36% |
| Indian Hotels Co Ltd | 0.63% | 1.56% |
| Ge Vernova T&D India Ltd | 1.09% | 0.61% |
| Vishal Mega Mart Ltd | 0.58% | 1.83% |
| Bharat Electronics Ltd | 0.90% | 0.54% |
| 360 One Wam Ltd | 0.73% | 0.54% |
| Jubilant Foodworks Ltd | 0.51% | 1.61% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.3% means 40.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Canara Robeco ELSS - Tax Saver Fund
| Security | % of fund |
|---|---|
| State Bank of India | 3.59% |
| Infosys Ltd | 2.96% |
| Axis Bank Ltd | 2.83% |
| Samvardhana Motherson International Ltd | 1.94% |
| CG Power and Industrial Solutions Ltd | 1.65% |
Largest holdings only in Canara Robeco Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nippon India ETF Gold Bees | 12.24% |
| 7.7951% BAJAJ FINANCE LTD 10-DEC-27 | 1.82% |
| Indian Bank (04/12/2026) | 1.81% |
| Axis Bank Ltd (07/12/2026) | 1.81% |
| 7.02% Bajaj Housing Finance Ltd (26/05/2028) | 1.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco ELSS - Tax Saver | Canara Robeco Multi Asset Allocation |
|---|---|---|
| Equity | 97.8% | 66.9% |
| Debt | 0.0% | 13.0% |
| Cash and others | 2.2% | 20.1% |
Market cap of stocks
| Market cap | Canara Robeco ELSS - Tax Saver | Canara Robeco Multi Asset Allocation |
|---|---|---|
| Large Cap | 73.5% | 38.9% |
| Mid Cap | 16.9% | 19.4% |
| Small Cap | 7.4% | 8.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Canara Robeco ELSS - Tax Saver | Canara Robeco Multi Asset Allocation |
|---|---|---|
| Banks | 20.7% | 12.3% |
| Retailing | 6.3% | 9.1% |
| Pharmaceuticals & Biotechnology | 6.8% | 2.5% |
| Finance | 5.7% | 3.5% |
| Automobiles | 5.1% | 0.8% |
| IT - Software | 4.4% | 2.8% |
| Telecom - Services | 3.8% | 3.7% |
| Healthcare Services | 0.7% | 3.8% |
| IT - Services | 0.0% | 3.2% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco ELSS - Tax Saver Fund | Canara Robeco Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.73% | 0.98% |
| Base expense ratio (Direct) | 0.57% | 0.63% |
| Total expense ratio (Regular) | 1.85% | 2.35% |
| Base expense ratio (Regular) | 1.53% | 1.81% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Canara Robeco ELSS - Tax Saver with
- Canara Robeco ELSS - Tax Saver vs Motilal Oswal ELSS Tax Saver
- Canara Robeco ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series V
- Canara Robeco ELSS - Tax Saver vs JM ELSS - Tax Saver
- Canara Robeco ELSS - Tax Saver vs WhiteOak Capital ELSS Tax Saver
- Canara Robeco ELSS - Tax Saver vs HSBC ELSS Tax saver
Compare Canara Robeco Multi Asset Allocation with
- Canara Robeco Multi Asset Allocation vs Quant Multi Asset Allocation
- Canara Robeco Multi Asset Allocation vs Nippon India Multi Asset Allocation
- Canara Robeco Multi Asset Allocation vs DSP Multi Asset Allocation
- Canara Robeco Multi Asset Allocation vs Kotak Multi Asset Allocation
- Canara Robeco Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Canara Robeco ELSS - Tax Saver Fund vs Canara Robeco Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Canara Robeco ELSS - Tax Saver Fund and Canara Robeco Multi Asset Allocation Fund?
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund, Canara Robeco Multi Asset Allocation Fund is a Multi Asset fund, run by Canara Robeco Mutual Fund. Their portfolios overlap 40.3%. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and Canara Robeco Multi Asset Allocation Fund 0.98%.
Which has given higher returns, Canara Robeco ELSS - Tax Saver Fund or Canara Robeco Multi Asset Allocation Fund?
Over 1 year: Canara Robeco ELSS - Tax Saver Fund −4.70%, Canara Robeco Multi Asset Allocation Fund +2.80%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Canara Robeco ELSS - Tax Saver Fund or Canara Robeco Multi Asset Allocation Fund?
Canara Robeco ELSS - Tax Saver Fund charges less: 0.73% a year against 0.98%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco ELSS - Tax Saver Fund and Canara Robeco Multi Asset Allocation Fund overlap?
40.3%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco ELSS - Tax Saver Fund or Canara Robeco Multi Asset Allocation Fund?
On SEBI's riskometer, Canara Robeco ELSS - Tax Saver Fund is rated Very High and Canara Robeco Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 14.07% and 11.40% a year.
Can I invest in both Canara Robeco ELSS - Tax Saver Fund and Canara Robeco Multi Asset Allocation Fund?
Yes. 40.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Canara Robeco ELSS - Tax Saver Fund and Canara Robeco Multi Asset Allocation Fund?
Canara Robeco ELSS - Tax Saver Fund: Vishal Mishra / Mr. Shridatta Bhandwaldar. Canara Robeco Multi Asset Allocation Fund: Amit Kadam/ Ms. Ennette Fernandes/Mr. Bhupesh Kalyani / Mr. Avnish Jain.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.