Canara Robeco ELSS - Tax Saver Fund vs Canara Robeco Multi Cap 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 Cap Fund is a Multi Cap fund. In the 3 years to 30-10-2026, Canara Robeco ELSS - Tax Saver Fund (Direct) returned 11.5% a year and Canara Robeco Multi Cap Fund (Direct) returned 13.1% a year. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and Canara Robeco Multi Cap Fund 0.68% (Direct plans). Their portfolios overlap 52.3%: they hold 51 of the same securities.
Canara Robeco ELSS - Tax Saver Fund
ELSS
- 3 year return
- 11.5%
- Expense ratio
- 0.73%
- NAV
- ₹192.74
Canara Robeco Multi Cap Fund
Multi Cap
- 3 year return
- 13.1%
- Expense ratio
- 0.68%
- NAV
- ₹14.70
Which is better, Canara Robeco ELSS - Tax Saver or Canara Robeco Multi Cap? 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 Cap returned more over 3 years: 13.1% a year against 11.5%.
- Canara Robeco ELSS - Tax Saver returned more over 1 year: −4.7% against −4.8%.
- Canara Robeco Multi Cap costs less: 0.68% a year against 0.73% (Direct plans).
- Canara Robeco ELSS - Tax Saver swung less over 3 years: a standard deviation of 13.5% a year against 14.1%.
- Canara Robeco ELSS - Tax Saver fell less in its worst fall since 02-08-2023: −18.2% against −18.3%.
- Canara Robeco ELSS - Tax Saver holds more in large companies: 73.5% of the fund in large caps against 41.3%.
- Canara Robeco ELSS - Tax Saver is the larger fund: ₹8,167 Cr against ₹5,673 Cr.
- Their portfolios overlap 52.3%: 51 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 Cap Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Canara Robeco Mutual Fund |
| Category | ELSS | Multi Cap |
| AUM | ₹8,167 Cr (30-09-2026) | ₹5,673 Cr (30-09-2026) |
| NAV | ₹192.74 (Direct) | ₹14.70 (Direct) |
| Expense ratio (Direct) | 0.73% | 0.68% |
| Expense ratio (Regular) | 1.85% | 2.01% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 31-03-1993 | 28-07-2023 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | None |
| Fund managers | Vishal Mishra / Mr. Shridatta Bhandwaldar | Shridatta Bhandwaldar / Mr. Vishal Mishra |
| Exit load | Nil | 1% - if redeemed/switched out within 365 days from the date of allotment. Nil - if redeemed/switched out after 365 days from the date of allotment |
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Cap: 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 Cap Fund (Direct) | −1.61% | −5.47% | −0.20% | −4.79% | +13.10% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
Category average: the average of the 50 ELSS funds and the 33 Multi Cap funds, same plan type.
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Cap: Year-wise Returns
| Year | ELSS - Tax SaverCanara Robeco ELSS - Tax Saver | Multi CapCanara Robeco Multi Cap |
|---|---|---|
| 2026to date | −4.49% | −4.73% |
| 2025 | +6.46% | +6.49% |
| 2024 | +18.88% | +23.32% |
| 2023 | +25.20% | -- |
| 2022 | +1.22% | -- |
| 2021 | +36.81% | -- |
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Cap: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Canara Robeco ELSS - Tax Saver Fund
Rolling returns
Every 3-year holding period, 60 of them, one for each trading day from 03-08-2026 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 Cap Fund (Direct)
BSE 500 TRI
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
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 | 0.0 | 0.0 | 1.7 | 98.3 | 0.0 | 0.0 | 0.0 | 12.0% | 11.6% | 9.9% | 14.1% | 100% |
| Canara Robeco Multi Cap | 0.0 | 0.0 | 0.0 | 56.7 | 43.3 | 0.0 | 0.0 | 14.7% | 14.5% | 12.0% | 16.8% | 100% |
| BSE 500 TRI | 0.0 | 0.0 | 40.0 | 60.0 | 0.0 | 0.0 | 0.0 | 10.7% | 10.3% | 8.4% | 12.8% | -- |
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 02-08-2023. Past returns do not promise future returns.
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Cap: 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 01-08-2023 to 30-10-2026: 39 instalments, ₹3,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct) | ₹3,90,000 | ₹4,16,325 | ₹26,325 | 4.0% |
| Canara Robeco Multi CapCanara Robeco Multi Cap Fund (Direct) | ₹3,90,000 | ₹4,24,964 | ₹34,964 | 5.2% |
Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct)
Canara Robeco Multi CapCanara Robeco Multi Cap 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 Cap: 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 Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.70% | −4.79% |
| Standard deviation | 14.07% | 14.33% |
| Sharpe ratio | -0.71 | -0.70 |
| Sortino ratio | -0.96 | -0.95 |
| Maximum drawdown | −12.9% (30-03-2026) | −14.3% (23-03-2026) |
| Beta | 0.98 | 0.94 |
| Alpha | +2.65% | +0.57% |
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 Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.47% | +13.10% |
| Standard deviation | 13.48% | 14.07% |
| Sharpe ratio | 0.40 | 0.50 |
| Sortino ratio | 0.55 | 0.68 |
| Maximum drawdown | −18.2% (28-02-2025) | −18.3% (28-02-2025) |
| Beta | 0.94 | 0.91 |
| Alpha | +1.82% | +2.29% |
From daily NAVs, 30-10-2023 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 Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.38% | +12.61% |
| Standard deviation | 15.25% | 13.75% |
| Sharpe ratio | 0.55 | 0.47 |
| Sortino ratio | 0.74 | 0.64 |
| Maximum drawdown | −34.3% (23-03-2020) | −18.3% (28-02-2025) |
| Beta | 0.94 | 0.91 |
| Alpha | +1.96% | +1.97% |
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 Cap 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) | −18.2% | 26-09-2024 | 28-02-2025 | 03-08-2026 | 17 months | −6.9% |
| Canara Robeco Multi Cap Fund (Direct) | −18.3% | 27-09-2024 | 28-02-2025 | 17-09-2025 | 7 months | −8.0% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 02-08-2023, 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 Cap Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-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 Cap Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco ELSS - Tax Saver Fund (Direct) | 100% | 93% | 2.17% |
| Canara Robeco Multi Cap Fund (Direct) | 106% | 91% | 3.97% |
From month-end values since 02-08-2023. 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 Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco ELSS - Tax Saver Fund, September 2026; Canara Robeco Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 52.3%
- Held by both
- 51
- Only in Canara Robeco ELSS - Tax Saver
- 23
- Only in Canara Robeco Multi Cap
- 65
| Security | % of Canara Robeco ELSS - Tax Saver | % of Canara Robeco Multi Cap |
|---|---|---|
| HDFC Bank Ltd | 6.22% | 4.34% |
| ICICI Bank Ltd | 6.82% | 3.53% |
| Bharti Airtel Ltd | 3.35% | 2.55% |
| Eternal Ltd | 2.31% | 2.25% |
| Larsen & Toubro Ltd | 3.42% | 1.78% |
| Infosys Ltd | 2.96% | 1.72% |
| Torrent Pharmaceuticals Ltd | 1.66% | 1.66% |
| Reliance Industries Ltd | 4.05% | 1.54% |
| State Bank of India | 3.59% | 1.51% |
| Bajaj Finance Ltd | 2.74% | 1.36% |
| Axis Bank Ltd | 2.83% | 1.32% |
| Kotak Mahindra Bank Ltd | 1.26% | 1.38% |
| Mahindra & Mahindra Ltd | 1.24% | 1.25% |
| TVS Motor Co Ltd | 1.58% | 1.13% |
| Interglobe Aviation Ltd | 1.82% | 1.05% |
| PNB Housing Finance Ltd | 1.36% | 1.01% |
| Max Financial Services Ltd | 1.11% | 1.00% |
| Lenskart Solutions Ltd | 1.00% | 1.80% |
| Uno Minda Ltd | 0.99% | 1.02% |
| Ge Vernova T&D India Ltd | 1.09% | 0.96% |
| J.K. Cement Ltd | 0.95% | 1.55% |
| Bharat Electronics Ltd | 0.90% | 1.04% |
| Doms Industries Ltd | 0.94% | 0.85% |
| KEI Industries Ltd | 0.89% | 0.83% |
| Divi's Laboratories Ltd | 2.79% | 0.82% |
| Info Edge (India) Ltd | 0.99% | 0.76% |
| Cholamandalam Investment and Finance Co Ltd | 0.76% | 1.24% |
| Tech Mahindra Ltd | 0.76% | 0.81% |
| BSE Ltd | 1.24% | 0.75% |
| Schaeffler India Ltd | 1.05% | 0.74% |
| Varun Beverages Ltd | 1.13% | 0.73% |
| FSN E-Commerce Ventures Ltd | 0.88% | 0.69% |
| Max Healthcare Institute Ltd | 0.66% | 1.01% |
| Sun Pharmaceutical Industries Ltd | 1.11% | 0.63% |
| WeWork India Management Ltd | 0.63% | 1.18% |
| Indian Hotels Co Ltd | 0.63% | 1.15% |
| Ultratech Cement Ltd | 1.78% | 0.62% |
| Vishal Mega Mart Ltd | 0.58% | 1.02% |
| Solar Industries India Ltd | 1.09% | 0.56% |
| Crompton Greaves Consumer Electricals Ltd | 0.55% | 0.70% |
| Ashok Leyland Ltd | 0.54% | 0.71% |
| Jubilant Foodworks Ltd | 0.51% | 1.01% |
| Piramal Pharma Ltd | 0.73% | 0.50% |
| CG Power and Industrial Solutions Ltd | 1.65% | 0.49% |
| Ather Energy Ltd | 0.48% | 0.58% |
| Britannia Industries Ltd | 0.47% | 0.61% |
| 360 One Wam Ltd | 0.73% | 0.44% |
| Vinati Organics Ltd | 0.70% | 0.43% |
| Indus Towers Ltd | 0.47% | 0.39% |
| Cummins India Ltd | 0.67% | 0.36% |
| ICICI Lombard General Insurance Co Ltd | 0.10% | 0.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.3% means 52.3% 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 |
|---|---|
| Samvardhana Motherson International Ltd | 1.94% |
| NTPC Ltd | 1.21% |
| Phoenix Mills Ltd | 1.14% |
| Hindustan Aeronautics Ltd | 1.10% |
| Oberoi Realty Ltd | 1.01% |
Largest holdings only in Canara Robeco Multi Cap Fund
| Security | % of fund |
|---|---|
| Ajanta Pharma Ltd | 2.07% |
| TBO Tek Ltd | 1.87% |
| Federal Bank Ltd | 1.23% |
| Shriram Finance Ltd | 1.13% |
| Affle 3i Ltd | 1.11% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco ELSS - Tax Saver | Canara Robeco Multi Cap |
|---|---|---|
| Equity | 97.8% | 97.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.2% | 2.1% |
Market cap of stocks
| Market cap | Canara Robeco ELSS - Tax Saver | Canara Robeco Multi Cap |
|---|---|---|
| Large Cap | 73.5% | 41.3% |
| Mid Cap | 16.9% | 27.1% |
| Small Cap | 7.4% | 28.3% |
| Not on AMFI's list | 0.0% | 1.2% |
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 Cap |
|---|---|---|
| Banks | 20.7% | 15.8% |
| Pharmaceuticals & Biotechnology | 6.8% | 8.2% |
| Retailing | 6.3% | 7.0% |
| Finance | 5.7% | 5.7% |
| Automobiles | 5.1% | 3.0% |
| Capital Markets | 2.0% | 5.1% |
| Leisure Services | 1.1% | 4.5% |
| IT - Software | 4.4% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco ELSS - Tax Saver vs Canara Robeco Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco ELSS - Tax Saver Fund | Canara Robeco Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.73% | 0.68% |
| Base expense ratio (Direct) | 0.57% | 0.45% |
| Total expense ratio (Regular) | 1.85% | 2.01% |
| Base expense ratio (Regular) | 1.53% | 1.59% |
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
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Canara Robeco ELSS - Tax Saver Fund vs Canara Robeco Multi Cap Fund: Frequently Asked Questions
What is the difference between Canara Robeco ELSS - Tax Saver Fund and Canara Robeco Multi Cap Fund?
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund, Canara Robeco Multi Cap Fund is a Multi Cap fund, run by Canara Robeco Mutual Fund. Their portfolios overlap 52.3%. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and Canara Robeco Multi Cap Fund 0.68%.
Which has given higher returns, Canara Robeco ELSS - Tax Saver Fund or Canara Robeco Multi Cap Fund?
Over 1 year: Canara Robeco ELSS - Tax Saver Fund −4.70%, Canara Robeco Multi Cap Fund −4.79%. Over 3 years: Canara Robeco ELSS - Tax Saver Fund +11.47% a year, Canara Robeco Multi Cap Fund +13.10% a year. 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 Cap Fund?
Canara Robeco Multi Cap Fund charges less: 0.68% a year against 0.73%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco ELSS - Tax Saver Fund and Canara Robeco Multi Cap Fund overlap?
52.3%. They hold 51 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco ELSS - Tax Saver Fund or Canara Robeco Multi Cap Fund?
On SEBI's riskometer, Canara Robeco ELSS - Tax Saver Fund is rated Very High and Canara Robeco Multi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 13.48% and 14.07% a year.
Which is better for SIP, Canara Robeco ELSS - Tax Saver Fund or Canara Robeco Multi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,89,082 in Canara Robeco ELSS - Tax Saver Fund (XIRR 3.2% a year) and ₹3,95,923 in Canara Robeco Multi Cap Fund (XIRR 4.3% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Canara Robeco ELSS - Tax Saver Fund and Canara Robeco Multi Cap Fund?
Yes. 52.3% 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 Cap Fund?
Canara Robeco ELSS - Tax Saver Fund: Vishal Mishra / Mr. Shridatta Bhandwaldar. Canara Robeco Multi Cap Fund: Shridatta Bhandwaldar / Mr. Vishal Mishra.
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.