Canara Robeco ELSS - Tax Saver Fund vs ITI 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 ITI Multi Asset Allocation Fund is a Multi Asset fund. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and ITI Multi Asset Allocation Fund 1.92% (Direct plans). Their portfolios overlap 16.4%: they hold 14 of the same securities.
Canara Robeco ELSS - Tax Saver Fund
ELSS
- Expense ratio
- 0.73%
- NAV
- ₹192.74
ITI Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.92%
- NAV
- ₹9.57
Which is better, Canara Robeco ELSS - Tax Saver or ITI 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 ELSS - Tax Saver costs less: 0.73% a year against 1.92% (Direct plans).
- Canara Robeco ELSS - Tax Saver fell less in its worst fall since 10-09-2026: −5.7% against −6.0%.
- Canara Robeco ELSS - Tax Saver holds more in large companies: 73.5% of the fund in large caps against 18.1%.
- Canara Robeco ELSS - Tax Saver is the larger fund: ₹8,167 Cr against ₹144 Cr.
- Their portfolios overlap 16.4%: 14 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 | ITI Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | ITI Mutual Fund |
| Category | ELSS | Multi Asset |
| AUM | ₹8,167 Cr (30-09-2026) | ₹144 Cr (30-09-2026) |
| NAV | ₹192.74 (Direct) | ₹9.57 (Direct) |
| Expense ratio (Direct) | 0.73% | 1.92% |
| Expense ratio (Regular) | 1.85% | 3.61% |
| Riskometer | Very High | High |
| Benchmark | BSE 500 TRI | 50% NIFTY 500 TRI + 30% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 10% Domestic Price of Silver |
| Launch date | 31-03-1993 | 07-09-2026 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | None |
| Fund managers | Vishal Mishra / Mr. Shridatta Bhandwaldar | Nilay Dalal, Laukik Bagwe |
| Exit load | Nil | Exit load of 0.50%, if redeemed within 3 months. |
Canara Robeco ELSS - Tax Saver vs ITI 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% |
| ITI Multi Asset Allocation Fund (Direct) | −3.02% | -- | -- | -- | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Multi Asset average | −1.71% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 37 Multi Asset funds, same plan type.
Canara Robeco ELSS - Tax Saver vs ITI Multi Asset Allocation: Year-wise Returns
| Year | Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver | ITI Multi Asset AllocationITI Multi Asset Allocation |
|---|---|---|
| 2026to date | −4.49% | -- |
| 2025 | +6.46% | -- |
| 2024 | +18.88% | -- |
| 2023 | +25.20% | -- |
| 2022 | +1.22% | -- |
| 2021 | +36.81% | -- |
Canara Robeco ELSS - Tax Saver vs ITI Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Canara Robeco ELSS - Tax Saver Fund
Canara Robeco ELSS - Tax Saver vs ITI 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) | ITI Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.38% | −27.08% |
| Standard deviation | 15.25% | 10.04% |
| Sharpe ratio | 0.55 | -3.24 |
| Sortino ratio | 0.74 | -3.61 |
| Maximum drawdown | −34.3% (23-03-2020) | −6.0% (23-10-2026) |
| 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)
ITI 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) | −5.7% | 23-09-2026 | 23-10-2026 | Not yet | -- | −3.3% |
| ITI Multi Asset Allocation Fund (Direct) | −6.0% | 23-09-2026 | 23-10-2026 | Not yet | -- | −4.6% |
| BSE 500 TRI | −6.6% | 10-09-2026 | 23-10-2026 | Not yet | -- | −4.6% |
From daily values since 10-09-2026, the first day every fund has.
Canara Robeco ELSS - Tax Saver vs ITI Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco ELSS - Tax Saver Fund, September 2026; ITI Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 16.4%
- Held by both
- 14
- Only in Canara Robeco ELSS - Tax Saver
- 60
- Only in ITI Multi Asset Allocation
- 33
| Security | % of Canara Robeco ELSS - Tax Saver | % of ITI Multi Asset Allocation |
|---|---|---|
| ICICI Bank Ltd | 6.82% | 2.93% |
| Reliance Industries Ltd | 4.05% | 1.66% |
| HDFC Bank Ltd | 6.22% | 1.65% |
| Eternal Ltd | 2.31% | 1.44% |
| PNB Housing Finance Ltd | 1.36% | 1.12% |
| Samvardhana Motherson International Ltd | 1.94% | 1.04% |
| Solar Industries India Ltd | 1.09% | 1.04% |
| Bajaj Finance Ltd | 2.74% | 0.99% |
| Titan Co Ltd | 0.93% | 1.25% |
| FSN E-Commerce Ventures Ltd | 0.88% | 0.94% |
| Bajaj Auto Ltd | 0.86% | 1.08% |
| Piramal Pharma Ltd | 0.73% | 1.03% |
| HDFC Life Insurance Co Ltd | 0.66% | 1.91% |
| Ather Energy Ltd | 0.48% | 0.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.4% means 16.4% 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% |
| Larsen & Toubro Ltd | 3.42% |
| Bharti Airtel Ltd | 3.35% |
| Infosys Ltd | 2.96% |
| Axis Bank Ltd | 2.83% |
Largest holdings only in ITI Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.60% REC Limited (30/06/2027) | 3.44% |
| Union Bank of India (12/03/2027) | 3.36% |
| DSP Gold ETF | 3.32% |
| Mirae Asset Gold ETF | 2.79% |
| Manipal Payment and Identity Solutions Ltd | 2.67% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco ELSS - Tax Saver | ITI Multi Asset Allocation |
|---|---|---|
| Equity | 97.8% | 46.9% |
| Debt | 0.0% | 6.8% |
| Cash and others | 2.2% | 46.3% |
Market cap of stocks
| Market cap | Canara Robeco ELSS - Tax Saver | ITI Multi Asset Allocation |
|---|---|---|
| Large Cap | 73.5% | 18.1% |
| Mid Cap | 16.9% | 7.8% |
| Small Cap | 7.4% | 17.4% |
| Not on AMFI's list | 0.0% | 3.7% |
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 | ITI Multi Asset Allocation |
|---|---|---|
| Banks | 20.7% | 8.9% |
| Pharmaceuticals & Biotechnology | 6.8% | 3.9% |
| Retailing | 6.3% | 2.4% |
| Finance | 5.7% | 3.1% |
| Automobiles | 5.1% | 1.6% |
| IT - Software | 4.4% | 0.0% |
| Industrial Products | 1.6% | 4.1% |
| Auto Components | 4.0% | 2.9% |
| Electrical Equipment | 2.8% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco ELSS - Tax Saver vs ITI Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco ELSS - Tax Saver Fund | ITI Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.73% | 1.92% |
| Base expense ratio (Direct) | 0.57% | 0.34% |
| Total expense ratio (Regular) | 1.85% | 3.61% |
| Base expense ratio (Regular) | 1.53% | 1.82% |
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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Compare ITI Multi Asset Allocation with
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Canara Robeco ELSS - Tax Saver Fund vs ITI Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Canara Robeco ELSS - Tax Saver Fund and ITI Multi Asset Allocation Fund?
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund, ITI Multi Asset Allocation Fund is a Multi Asset fund, run by Canara Robeco Mutual Fund and ITI Mutual Fund. Their portfolios overlap 16.4%. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and ITI Multi Asset Allocation Fund 1.92%.
Which has the lower expense ratio, Canara Robeco ELSS - Tax Saver Fund or ITI Multi Asset Allocation Fund?
Canara Robeco ELSS - Tax Saver Fund charges less: 0.73% a year against 1.92%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco ELSS - Tax Saver Fund and ITI Multi Asset Allocation Fund overlap?
16.4%. They hold 14 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco ELSS - Tax Saver Fund or ITI Multi Asset Allocation Fund?
On SEBI's riskometer, Canara Robeco ELSS - Tax Saver Fund is rated Very High and ITI Multi Asset Allocation Fund High. Over their common history, the standard deviation of daily returns was 15.25% and 10.04% a year.
Can I invest in both Canara Robeco ELSS - Tax Saver Fund and ITI Multi Asset Allocation Fund?
Yes. 16.4% 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 ITI Multi Asset Allocation Fund?
Canara Robeco ELSS - Tax Saver Fund: Vishal Mishra / Mr. Shridatta Bhandwaldar. ITI Multi Asset Allocation Fund: Nilay Dalal, Laukik Bagwe.
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.