Canara Robeco ELSS - Tax Saver Fund vs Franklin Asian Equity Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund and Franklin Asian Equity Fund is a Thematic fund. In the 3 years to 30-10-2026, Canara Robeco ELSS - Tax Saver Fund (Direct) returned 11.5% a year and Franklin Asian Equity Fund (Direct) returned 21.8% a year. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and Franklin Asian Equity Fund 1.24% (Direct plans). Their portfolios overlap 23.1%: they hold 17 of the same securities.
Canara Robeco ELSS - Tax Saver Fund
ELSS
- 3 year return
- 11.5%
- Expense ratio
- 0.73%
- NAV
- ₹192.74
Franklin Asian Equity Fund
Thematic
- 3 year return
- 21.8%
- Expense ratio
- 1.24%
- NAV
- ₹45.69
Which is better, Canara Robeco ELSS - Tax Saver or Franklin Asian Equity? 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 ELSS - Tax Saver returned more over 5 years: 9.0% a year against 6.9%.
- Franklin Asian Equity returned more over 3 years: 21.8% a year against 11.5%.
- Canara Robeco ELSS - Tax Saver costs less: 0.73% a year against 1.24% (Direct plans).
- Canara Robeco ELSS - Tax Saver swung less over 3 years: a standard deviation of 13.5% a year against 16.7%.
- Canara Robeco ELSS - Tax Saver fell less in its worst fall since 02-01-2013: −34.3% against −40.2%.
- Franklin Asian Equity holds 50.0% of the fund in foreign stocks; Canara Robeco ELSS - Tax Saver 0.0%.
- Canara Robeco ELSS - Tax Saver holds more in large companies: 73.5% of the fund in large caps against 31.0%.
- Canara Robeco ELSS - Tax Saver is the larger fund: ₹8,167 Cr against ₹981 Cr.
- Their portfolios overlap 23.1%: 17 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 | Franklin Asian Equity Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Franklin Templeton Mutual Fund |
| Category | ELSS | Thematic |
| AUM | ₹8,167 Cr (30-09-2026) | ₹981 Cr (30-09-2026) |
| NAV | ₹192.74 (Direct) | ₹45.69 (Direct) |
| Expense ratio (Direct) | 0.73% | 1.24% |
| Expense ratio (Regular) | 1.85% | 2.51% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | 75% MSCI Asia (Ex-Japan) Standard Index + 25% Nifty 500 Index |
| Launch date | 31-03-1993 | 16-01-2008 |
| Minimum investment | ₹500 | 5000/1 |
| Lock in | 3 years | None |
| Fund managers | Vishal Mishra / Mr. Shridatta Bhandwaldar | Shyam Sundar Sriram, Sandeep Manam |
| Exit load | Nil | 1% if the units are redeemed/switched- out within one year from the date of allotment |
Canara Robeco ELSS - Tax Saver vs Franklin Asian Equity: 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% |
| Franklin Asian Equity Fund (Direct) | −7.04% | −1.35% | +2.88% | +17.49% | +21.75% | +6.86% | +9.80% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 50 ELSS funds and the 235 Thematic funds, same plan type.
Canara Robeco ELSS - Tax Saver vs Franklin Asian Equity: Year-wise Returns
| Year | Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver | Franklin Asian EquityFranklin Asian Equity |
|---|---|---|
| 2026to date | −4.49% | +17.11% |
| 2025 | +6.46% | +24.71% |
| 2024 | +18.88% | +15.43% |
| 2023 | +25.20% | +1.67% |
| 2022 | +1.22% | −13.75% |
| 2021 | +36.81% | −5.16% |
Canara Robeco ELSS - Tax Saver vs Franklin Asian Equity: 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, 2,666 of them, one for each trading day from 04-01-2016 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)
Franklin Asian Equity Fund (Direct)
BSE 500 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 | 2.0 | 10.2 | 28.2 | 35.9 | 16.2 | 7.5 | 16.2% | 16.0% | −0.4% | 33.5% | 67% |
| Franklin Asian Equity | 12.9 | 15.0 | 28.3 | 32.6 | 7.0 | 4.2 | 0.0 | 8.2% | 8.9% | −10.5% | 25.0% | 26% |
| BSE 500 TRI | 1.8 | 4.2 | 8.0 | 36.8 | 34.2 | 11.7 | 3.3 | 14.8% | 14.9% | −6.2% | 33.9% | -- |
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 02-01-2013. Past returns do not promise future returns.
Canara Robeco ELSS - Tax Saver vs Franklin Asian Equity: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct) | ₹16,60,000 | ₹48,21,628 | ₹31,61,628 | 14.3% |
| Franklin Asian EquityFranklin Asian Equity Fund (Direct) | ₹16,60,000 | ₹34,24,441 | ₹17,64,441 | 9.9% |
Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct)
Franklin Asian EquityFranklin Asian Equity 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 Franklin Asian Equity: 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) | Franklin Asian Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.70% | +17.49% |
| Standard deviation | 14.07% | 20.62% |
| Sharpe ratio | -0.71 | 0.59 |
| Sortino ratio | -0.96 | 0.83 |
| Maximum drawdown | −12.9% (30-03-2026) | −12.5% (31-03-2026) |
| 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) | Franklin Asian Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.47% | +21.75% |
| Standard deviation | 13.48% | 16.65% |
| Sharpe ratio | 0.40 | 0.94 |
| Sortino ratio | 0.55 | 1.34 |
| Maximum drawdown | −18.2% (28-02-2025) | −14.2% (07-04-2025) |
| Beta | 0.94 | -- |
| Alpha | +1.82% | -- |
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) | Franklin Asian Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.00% | +6.86% |
| Standard deviation | 13.58% | 17.63% |
| Sharpe ratio | 0.24 | 0.06 |
| Sortino ratio | 0.32 | 0.09 |
| Maximum drawdown | −18.6% (17-06-2022) | −32.6% (25-10-2022) |
| Beta | 0.94 | -- |
| Alpha | +0.53% | -- |
From daily NAVs, 29-10-2021 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) | Franklin Asian Equity Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.38% | +9.42% |
| Standard deviation | 15.25% | 15.43% |
| Sharpe ratio | 0.55 | 0.22 |
| Sortino ratio | 0.74 | 0.31 |
| Maximum drawdown | −34.3% (23-03-2020) | −40.2% (25-10-2022) |
| 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)
Franklin Asian Equity 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) | −34.3% | 20-02-2020 | 23-03-2020 | 16-09-2020 | 6 months | −6.9% |
| Franklin Asian Equity Fund (Direct) | −40.2% | 17-02-2021 | 25-10-2022 | 03-10-2025 | 35 months | −11.0% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 02-01-2013, 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)
Franklin Asian Equity 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)
Franklin Asian Equity Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-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)
Franklin Asian Equity Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco ELSS - Tax Saver Fund (Direct) | 97% | 87% | 4.08% |
| Franklin Asian Equity Fund (Direct) | 49% | 25% | 17.08% |
From month-end values since 02-01-2013. 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 Franklin Asian Equity: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco ELSS - Tax Saver Fund, September 2026; Franklin Asian Equity Fund, September 2026
Holdings in common
- Overlap
- 23.1%
- Held by both
- 17
- Only in Canara Robeco ELSS - Tax Saver
- 57
- Only in Franklin Asian Equity
- 13
| Security | % of Canara Robeco ELSS - Tax Saver | % of Franklin Asian Equity |
|---|---|---|
| ICICI Bank Ltd | 6.82% | 3.05% |
| Divi's Laboratories Ltd | 2.79% | 2.72% |
| Eternal Ltd | 2.31% | 1.83% |
| Larsen & Toubro Ltd | 3.42% | 1.77% |
| Torrent Pharmaceuticals Ltd | 1.66% | 2.23% |
| HDFC Bank Ltd | 6.22% | 1.50% |
| Reliance Industries Ltd | 4.05% | 1.40% |
| Mahindra & Mahindra Ltd | 1.24% | 1.27% |
| State Bank of India | 3.59% | 1.08% |
| Oberoi Realty Ltd | 1.01% | 2.07% |
| Tata Power Co Ltd | 1.00% | 1.02% |
| Ultratech Cement Ltd | 1.78% | 0.95% |
| Infosys Ltd | 2.96% | 0.93% |
| Bharat Electronics Ltd | 0.90% | 1.63% |
| 360 One Wam Ltd | 0.73% | 1.45% |
| Max Healthcare Institute Ltd | 0.66% | 1.24% |
| Indian Hotels Co Ltd | 0.63% | 1.71% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.1% means 23.1% 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 |
|---|---|
| Bharti Airtel Ltd | 3.35% |
| Axis Bank Ltd | 2.83% |
| Bajaj Finance Ltd | 2.74% |
| Samvardhana Motherson International Ltd | 1.94% |
| Interglobe Aviation Ltd | 1.82% |
Largest holdings only in Franklin Asian Equity Fund
| Security | % of fund |
|---|---|
| Hindalco Industries Ltd | 1.87% |
| ABB India Ltd | 1.59% |
| Lodha Developers Ltd | 1.47% |
| Tata Consumer Products Ltd | 1.42% |
| Tata Motors Ltd | 1.39% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco ELSS - Tax Saver | Franklin Asian Equity |
|---|---|---|
| Equity | 97.8% | 93.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.2% | 6.2% |
Market cap of stocks
| Market cap | Canara Robeco ELSS - Tax Saver | Franklin Asian Equity |
|---|---|---|
| Large Cap | 73.5% | 31.0% |
| Mid Cap | 16.9% | 11.8% |
| Small Cap | 7.4% | 0.0% |
| Foreign stocks | 0.0% | 50.0% |
| Not on AMFI's list | 0.0% | 1.0% |
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 | Franklin Asian Equity |
|---|---|---|
| Banks | 20.7% | 7.5% |
| IT - Hardware | 0.0% | 20.7% |
| Consumer Durables | 2.2% | 7.9% |
| Pharmaceuticals & Biotechnology | 6.8% | 7.3% |
| Retailing | 6.3% | 5.2% |
| Finance | 5.7% | 4.9% |
| Automobiles | 5.1% | 2.1% |
| IT - Software | 4.4% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco ELSS - Tax Saver vs Franklin Asian Equity: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco ELSS - Tax Saver Fund | Franklin Asian Equity Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.73% | 1.24% |
| Base expense ratio (Direct) | 0.57% | 0.87% |
| Total expense ratio (Regular) | 1.85% | 2.51% |
| Base expense ratio (Regular) | 1.53% | 1.96% |
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 Franklin Asian Equity Fund: Frequently Asked Questions
What is the difference between Canara Robeco ELSS - Tax Saver Fund and Franklin Asian Equity Fund?
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund, Franklin Asian Equity Fund is a Thematic fund, run by Canara Robeco Mutual Fund and Franklin Templeton Mutual Fund. Their portfolios overlap 23.1%. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and Franklin Asian Equity Fund 1.24%.
Which has given higher returns, Canara Robeco ELSS - Tax Saver Fund or Franklin Asian Equity Fund?
Over 1 year: Canara Robeco ELSS - Tax Saver Fund −4.70%, Franklin Asian Equity Fund +17.49%. Over 3 years: Canara Robeco ELSS - Tax Saver Fund +11.47% a year, Franklin Asian Equity Fund +21.75% a year. Over 5 years: Canara Robeco ELSS - Tax Saver Fund +9.00% a year, Franklin Asian Equity Fund +6.86% 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 Franklin Asian Equity Fund?
Canara Robeco ELSS - Tax Saver Fund charges less: 0.73% a year against 1.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco ELSS - Tax Saver Fund and Franklin Asian Equity Fund overlap?
23.1%. They hold 17 of the same securities, the largest shared ones being ICICIBANK, DIVISLAB, ETERNAL. From each fund's latest monthly portfolio.
Which is better for SIP, Canara Robeco ELSS - Tax Saver Fund or Franklin Asian Equity Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,57,519 in Canara Robeco ELSS - Tax Saver Fund (XIRR 8.5% a year) and ₹9,02,714 in Franklin Asian Equity Fund (XIRR 15.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Canara Robeco ELSS - Tax Saver Fund and Franklin Asian Equity Fund?
Yes. 23.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Canara Robeco ELSS - Tax Saver Fund and Franklin Asian Equity Fund?
Canara Robeco ELSS - Tax Saver Fund: Vishal Mishra / Mr. Shridatta Bhandwaldar. Franklin Asian Equity Fund: Shyam Sundar Sriram, Sandeep Manam.
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.