Canara Robeco ELSS - Tax Saver Fund vs HDFC NIFTY 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund and HDFC NIFTY 100 ETF is an ETF fund. In the 3 years to 30-10-2026, Canara Robeco ELSS - Tax Saver Fund (Direct) returned 11.5% a year and HDFC NIFTY 100 ETF returned 8.7% a year. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and HDFC NIFTY 100 ETF 0.31%. Their portfolios overlap 59.6%: they hold 43 of the same securities.
Canara Robeco ELSS - Tax Saver Fund
ELSS
- 3 year return
- 11.5%
- Expense ratio
- 0.73%
- NAV
- ₹192.74
Which is better, Canara Robeco ELSS - Tax Saver or HDFC NIFTY 100 ETF? 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 3 years: 11.5% a year against 8.7%.
- Canara Robeco ELSS - Tax Saver returned more over 1 year: −4.7% against −9.0%.
- HDFC NIFTY 100 ETF costs less: 0.31% a year against 0.73%.
- Canara Robeco ELSS - Tax Saver swung less over 3 years: a standard deviation of 13.5% a year against 13.7%.
- HDFC NIFTY 100 ETF fell less in its worst fall since 05-08-2022: −17.3% against −18.2%.
- HDFC NIFTY 100 ETF holds more in large companies: 98.0% of the fund in large caps against 73.5%.
- Canara Robeco ELSS - Tax Saver is the larger fund: ₹8,167 Cr against ₹41 Cr.
- Their portfolios overlap 59.6%: 43 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 | HDFC NIFTY 100 ETF |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | HDFC Mutual Fund |
| Category | ELSS | ETF |
| AUM | ₹8,167 Cr (30-09-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹192.74 (Direct) | ₹24.81 |
| Expense ratio (Direct) | 0.73% | Not available |
| Expense ratio (Regular) | 1.85% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 100 TRI |
| Launch date | 31-03-1993 | 05-08-2022 |
| Minimum investment | ₹500 | On an On-going Basis: A. On the Stock Exchange: All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples there |
| Lock in | 3 years | None |
| Fund managers | Vishal Mishra / Mr. Shridatta Bhandwaldar | Abhishek Mor, Arun Agarwal |
| Exit load | Nil | Not available |
Canara Robeco ELSS - Tax Saver vs HDFC NIFTY 100 ETF: 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% |
| HDFC NIFTY 100 ETF | +1.02% | −5.38% | −3.12% | −8.99% | +8.73% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 50 ELSS funds, same plan type.
Canara Robeco ELSS - Tax Saver vs HDFC NIFTY 100 ETF: Year-wise Returns
| Year | Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver | HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF |
|---|---|---|
| 2026to date | −4.49% | −9.57% |
| 2025 | +6.46% | +9.91% |
| 2024 | +18.88% | +12.55% |
| 2023 | +25.20% | +20.87% |
| 2022 | +1.22% | -- |
| 2021 | +36.81% | -- |
Canara Robeco ELSS - Tax Saver vs HDFC NIFTY 100 ETF: 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, 303 of them, one for each trading day from 05-08-2025 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)
HDFC NIFTY 100 ETF
BSE 500 TRI
to
Sept 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 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 | 0.3 | 42.6 | 57.1 | 0.0 | 0.0 | 14.7% | 15.3% | 9.9% | 17.7% | 88% |
| HDFC NIFTY 100 ETF | 0.0 | 0.0 | 18.4 | 73.7 | 7.9 | 0.0 | 0.0 | 12.2% | 12.9% | 6.7% | 16.0% | 0% |
| BSE 500 TRI | 0.0 | 0.0 | 7.9 | 39.9 | 52.1 | 0.0 | 0.0 | 14.3% | 15.0% | 8.4% | 17.8% | -- |
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 05-08-2022. Past returns do not promise future returns.
Canara Robeco ELSS - Tax Saver vs HDFC NIFTY 100 ETF: 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 01-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct) | ₹5,10,000 | ₹5,97,998 | ₹87,998 | 7.5% |
| HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF | ₹5,10,000 | ₹5,61,269 | ₹51,269 | 4.5% |
Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct)
HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF
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 HDFC NIFTY 100 ETF: 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) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | −4.70% | −8.99% |
| Standard deviation | 14.07% | 14.04% |
| Sharpe ratio | -0.71 | -1.01 |
| Sortino ratio | -0.96 | -1.35 |
| Maximum drawdown | −12.9% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | 0.98 | 1.00 |
| Alpha | +2.65% | −0.30% |
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) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +11.47% | +8.73% |
| Standard deviation | 13.48% | 13.69% |
| Sharpe ratio | 0.40 | 0.20 |
| Sortino ratio | 0.55 | 0.27 |
| Maximum drawdown | −18.2% (28-02-2025) | −17.3% (28-02-2025) |
| Beta | 0.94 | 1.00 |
| Alpha | +1.82% | −0.35% |
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) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +14.38% | +8.29% |
| Standard deviation | 15.25% | 12.92% |
| Sharpe ratio | 0.55 | 0.17 |
| Sortino ratio | 0.74 | 0.23 |
| Maximum drawdown | −34.3% (23-03-2020) | −17.3% (28-02-2025) |
| Beta | 0.94 | 1.00 |
| Alpha | +1.96% | −0.33% |
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)
HDFC NIFTY 100 ETF
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% |
| HDFC NIFTY 100 ETF | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.6% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 05-08-2022, 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)
HDFC NIFTY 100 ETF
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)
HDFC NIFTY 100 ETF
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco ELSS - Tax Saver Fund (Direct) | 97% | 90% | 2.44% |
| HDFC NIFTY 100 ETF | 93% | 101% | 2.50% |
From month-end values since 05-08-2022. 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 HDFC NIFTY 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco ELSS - Tax Saver Fund, September 2026; HDFC NIFTY 100 ETF, September 2026
Holdings in common
- Overlap
- 59.6%
- Held by both
- 43
- Only in Canara Robeco ELSS - Tax Saver
- 31
- Only in HDFC NIFTY 100 ETF
- 57
| Security | % of Canara Robeco ELSS - Tax Saver | % of HDFC NIFTY 100 ETF |
|---|---|---|
| ICICI Bank Ltd | 6.82% | 7.34% |
| HDFC Bank Ltd | 6.22% | 8.41% |
| Reliance Industries Ltd | 4.05% | 6.15% |
| Larsen & Toubro Ltd | 3.42% | 3.41% |
| Bharti Airtel Ltd | 3.35% | 4.14% |
| State Bank of India | 3.59% | 3.07% |
| Axis Bank Ltd | 2.83% | 2.73% |
| Infosys Ltd | 2.96% | 2.72% |
| Bajaj Finance Ltd | 2.74% | 2.03% |
| Eternal Ltd | 2.31% | 1.80% |
| Kotak Mahindra Bank Ltd | 1.26% | 2.38% |
| Mahindra & Mahindra Ltd | 1.24% | 2.04% |
| NTPC Ltd | 1.21% | 1.19% |
| Sun Pharmaceutical Industries Ltd | 1.11% | 1.49% |
| Ultratech Cement Ltd | 1.78% | 1.01% |
| BSE Ltd | 1.24% | 0.98% |
| Maruti Suzuki India Ltd | 0.97% | 1.21% |
| Titan Co Ltd | 0.93% | 1.47% |
| Divi's Laboratories Ltd | 2.79% | 0.92% |
| Bharat Electronics Ltd | 0.90% | 1.08% |
| Interglobe Aviation Ltd | 1.82% | 0.87% |
| Bajaj Auto Ltd | 0.86% | 0.92% |
| TVS Motor Co Ltd | 1.58% | 0.75% |
| Tech Mahindra Ltd | 0.76% | 0.75% |
| Tata Consultancy Services Ltd | 0.72% | 1.62% |
| Hindustan Aeronautics Ltd | 1.10% | 0.69% |
| ITC Ltd | 0.68% | 1.96% |
| Asian Paints Ltd | 0.68% | 0.84% |
| Samvardhana Motherson International Ltd | 1.94% | 0.56% |
| Torrent Pharmaceuticals Ltd | 1.66% | 0.55% |
| Cholamandalam Investment and Finance Co Ltd | 0.76% | 0.54% |
| Max Healthcare Institute Ltd | 0.66% | 0.54% |
| Trent Ltd | 0.52% | 0.68% |
| Cummins India Ltd | 0.67% | 0.50% |
| Dr. Reddy's Laboratories Ltd | 0.48% | 0.58% |
| Tata Power Co Ltd | 1.00% | 0.47% |
| Varun Beverages Ltd | 1.13% | 0.46% |
| CG Power and Industrial Solutions Ltd | 1.65% | 0.45% |
| Britannia Industries Ltd | 0.47% | 0.44% |
| HDFC Life Insurance Co Ltd | 0.66% | 0.43% |
| Solar Industries India Ltd | 1.09% | 0.37% |
| Power Finance Corporation Ltd | 0.82% | 0.37% |
| Godrej Consumer Products Ltd | 0.71% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 59.6% means 59.6% 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 |
|---|---|
| PNB Housing Finance Ltd | 1.36% |
| Phoenix Mills Ltd | 1.14% |
| Max Financial Services Ltd | 1.11% |
| Ge Vernova T&D India Ltd | 1.09% |
| Schaeffler India Ltd | 1.05% |
Largest holdings only in HDFC NIFTY 100 ETF
| Security | % of fund |
|---|---|
| Hindustan Unilever Ltd. | 1.29% |
| Tata Steel Ltd. | 1.18% |
| Adani Ports & Special Economic Zone | 1.09% |
| Shriram Finance Ltd. | 1.07% |
| Hindalco Industries Ltd. | 1.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco ELSS - Tax Saver | HDFC NIFTY 100 ETF |
|---|---|---|
| Equity | 97.8% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.2% | 0.0% |
Market cap of stocks
| Market cap | Canara Robeco ELSS - Tax Saver | HDFC NIFTY 100 ETF |
|---|---|---|
| Large Cap | 73.5% | 98.0% |
| Mid Cap | 16.9% | 2.0% |
| Small Cap | 7.4% | 0.0% |
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 | HDFC NIFTY 100 ETF |
|---|---|---|
| Banks | 20.7% | 25.1% |
| Petroleum Products | 4.0% | 7.0% |
| Pharmaceuticals & Biotechnology | 6.8% | 4.3% |
| IT - Software | 4.4% | 6.7% |
| Automobiles | 5.1% | 6.4% |
| Retailing | 6.3% | 3.0% |
| Finance | 5.7% | 6.2% |
| Telecom - Services | 3.8% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco ELSS - Tax Saver vs HDFC NIFTY 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco ELSS - Tax Saver Fund | HDFC NIFTY 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.73% | Not available |
| Base expense ratio (Direct) | 0.57% | 0.00% |
| Total expense ratio (Regular) | 1.85% | Not available |
| Base expense ratio (Regular) | 1.53% | 0.25% |
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 HDFC NIFTY 100 ETF: Frequently Asked Questions
What is the difference between Canara Robeco ELSS - Tax Saver Fund and HDFC NIFTY 100 ETF?
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund, HDFC NIFTY 100 ETF is an ETF fund, run by Canara Robeco Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 59.6%. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and HDFC NIFTY 100 ETF 0.31%.
Which has given higher returns, Canara Robeco ELSS - Tax Saver Fund or HDFC NIFTY 100 ETF?
Over 1 year: Canara Robeco ELSS - Tax Saver Fund −4.70%, HDFC NIFTY 100 ETF −8.99%. Over 3 years: Canara Robeco ELSS - Tax Saver Fund +11.47% a year, HDFC NIFTY 100 ETF +8.73% 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 HDFC NIFTY 100 ETF?
HDFC NIFTY 100 ETF charges less: 0.31% a year against 0.73%. These are the total expense ratios reported to AMFI.
How much do Canara Robeco ELSS - Tax Saver Fund and HDFC NIFTY 100 ETF overlap?
59.6%. They hold 43 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco ELSS - Tax Saver Fund or HDFC NIFTY 100 ETF?
On SEBI's riskometer, Canara Robeco ELSS - Tax Saver Fund is rated Very High and HDFC NIFTY 100 ETF Very High. Over 3 years, the standard deviation of daily returns was 13.48% and 13.69% a year.
Which is better for SIP, Canara Robeco ELSS - Tax Saver Fund or HDFC NIFTY 100 ETF?
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 ₹3,71,409 in HDFC NIFTY 100 ETF (XIRR 0.2% 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 HDFC NIFTY 100 ETF?
Yes. 59.6% 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 HDFC NIFTY 100 ETF?
Canara Robeco ELSS - Tax Saver Fund: Vishal Mishra / Mr. Shridatta Bhandwaldar. HDFC NIFTY 100 ETF: Abhishek Mor, Arun Agarwal.
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.