Canara Robeco ELSS - Tax Saver Fund vs Nippon India Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund and Nippon India Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, Canara Robeco ELSS - Tax Saver Fund (Direct) returned 11.5% a year and Nippon India Balanced Advantage Fund (Direct) returned 10.1% a year. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and Nippon India Balanced Advantage Fund 0.89% (Direct plans). Their portfolios overlap 48.0%: they hold 34 of the same securities.
Canara Robeco ELSS - Tax Saver Fund
ELSS
- 3 year return
- 11.5%
- Expense ratio
- 0.73%
- NAV
- ₹192.74
Nippon India Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.1%
- Expense ratio
- 0.89%
- NAV
- ₹203.40
Which is better, Canara Robeco ELSS - Tax Saver or Nippon India Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Balanced Advantage returned more over 5 years: 9.1% a year against 9.0%.
- Canara Robeco ELSS - Tax Saver returned more over 3 years: 11.5% a year against 10.1%.
- Canara Robeco ELSS - Tax Saver costs less: 0.73% a year against 0.89% (Direct plans).
- Nippon India Balanced Advantage swung less over 3 years: a standard deviation of 8.0% a year against 13.5%.
- Nippon India Balanced Advantage fell less in its worst fall since 03-01-2013: −22.8% against −34.3%.
- Canara Robeco ELSS - Tax Saver holds more in large companies: 73.5% of the fund in large caps against 52.5%.
- Nippon India Balanced Advantage is the larger fund: ₹9,532 Cr against ₹8,167 Cr.
- Their portfolios overlap 48.0%: 34 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 | Nippon India Balanced Advantage Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Nippon India Mutual Fund |
| Category | ELSS | Balanced Advantage |
| AUM | ₹8,167 Cr (30-09-2026) | ₹9,532 Cr (30-09-2026) |
| NAV | ₹192.74 (Direct) | ₹203.40 (Direct) |
| Expense ratio (Direct) | 0.73% | 0.89% |
| Expense ratio (Regular) | 1.85% | 1.99% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 31-03-1993 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | 3 years | Not available |
| Fund managers | Vishal Mishra / Mr. Shridatta Bhandwaldar | Not available |
| Exit load | Nil | Not available |
Canara Robeco ELSS - Tax Saver vs Nippon India Balanced Advantage: 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% |
| Nippon India Balanced Advantage Fund (Direct) | −0.47% | −3.59% | −0.09% | −1.36% | +10.07% | +9.08% | +10.59% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
Category average: the average of the 50 ELSS funds and the 38 Balanced Advantage funds, same plan type.
Canara Robeco ELSS - Tax Saver vs Nippon India Balanced Advantage: Year-wise Returns
| Year | Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver | Nippon India Balanced AdvantageNippon India Balanced Advantage |
|---|---|---|
| 2026to date | −4.49% | −1.58% |
| 2025 | +6.46% | +8.58% |
| 2024 | +18.88% | +14.36% |
| 2023 | +25.20% | +18.94% |
| 2022 | +1.22% | +6.54% |
| 2021 | +36.81% | +17.38% |
Canara Robeco ELSS - Tax Saver vs Nippon India Balanced Advantage: 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)
Nippon India Balanced Advantage 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% |
| Nippon India Balanced Advantage | 0.0 | 4.7 | 16.3 | 62.1 | 16.0 | 0.9 | 0.0 | 12.3% | 12.8% | 0.5% | 21.8% | 21% |
| 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 03-01-2013. Past returns do not promise future returns.
Canara Robeco ELSS - Tax Saver vs Nippon India Balanced Advantage: 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% |
| Nippon India Balanced AdvantageNippon India Balanced Advantage Fund (Direct) | ₹16,60,000 | ₹37,26,882 | ₹20,66,882 | 11.0% |
Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct)
Nippon India Balanced AdvantageNippon India Balanced Advantage 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 Nippon India Balanced Advantage: 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) | Nippon India Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.70% | −1.36% |
| Standard deviation | 14.07% | 8.76% |
| Sharpe ratio | -0.71 | -0.75 |
| Sortino ratio | -0.96 | -1.01 |
| Maximum drawdown | −12.9% (30-03-2026) | −7.8% (30-03-2026) |
| 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) | Nippon India Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.47% | +10.07% |
| Standard deviation | 13.48% | 7.99% |
| Sharpe ratio | 0.40 | 0.51 |
| Sortino ratio | 0.55 | 0.69 |
| Maximum drawdown | −18.2% (28-02-2025) | −8.6% (28-02-2025) |
| 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) | Nippon India Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.00% | +9.08% |
| Standard deviation | 13.58% | 7.44% |
| Sharpe ratio | 0.24 | 0.44 |
| Sortino ratio | 0.32 | 0.60 |
| Maximum drawdown | −18.6% (17-06-2022) | −8.6% (28-02-2025) |
| 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) | Nippon India Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.38% | +11.43% |
| Standard deviation | 15.25% | 11.09% |
| Sharpe ratio | 0.55 | 0.49 |
| Sortino ratio | 0.74 | 0.66 |
| Maximum drawdown | −34.3% (23-03-2020) | −22.8% (25-02-2016) |
| 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)
Nippon India Balanced Advantage 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% |
| Nippon India Balanced Advantage Fund (Direct) | −22.8% | 19-08-2015 | 25-02-2016 | 30-08-2016 | 6 months | −4.8% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 03-01-2013, 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)
Nippon India Balanced Advantage 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)
Nippon India Balanced Advantage 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)
Nippon India Balanced Advantage 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% |
| Nippon India Balanced Advantage Fund (Direct) | 73% | 61% | 6.99% |
From month-end values since 03-01-2013. 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 Nippon India Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco ELSS - Tax Saver Fund, September 2026; Nippon India Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 48.0%
- Held by both
- 34
- Only in Canara Robeco ELSS - Tax Saver
- 40
- Only in Nippon India Balanced Advantage
- 104
| Security | % of Canara Robeco ELSS - Tax Saver | % of Nippon India Balanced Advantage |
|---|---|---|
| HDFC Bank Ltd | 6.22% | 6.33% |
| ICICI Bank Ltd | 6.82% | 5.56% |
| Axis Bank Ltd | 2.83% | 2.58% |
| State Bank of India | 3.59% | 2.52% |
| Reliance Industries Ltd | 4.05% | 2.49% |
| Bharti Airtel Ltd | 3.35% | 2.32% |
| Infosys Ltd | 2.96% | 2.30% |
| Eternal Ltd | 2.31% | 1.86% |
| Larsen & Toubro Ltd | 3.42% | 1.81% |
| Bajaj Finance Ltd | 2.74% | 1.56% |
| Kotak Mahindra Bank Ltd | 1.26% | 2.27% |
| Samvardhana Motherson International Ltd | 1.94% | 1.24% |
| Mahindra & Mahindra Ltd | 1.24% | 2.03% |
| NTPC Ltd | 1.21% | 1.60% |
| Interglobe Aviation Ltd | 1.82% | 0.99% |
| CG Power and Industrial Solutions Ltd | 1.65% | 0.94% |
| TVS Motor Co Ltd | 1.58% | 0.90% |
| FSN E-Commerce Ventures Ltd | 0.88% | 1.02% |
| Hindustan Aeronautics Ltd | 1.10% | 0.84% |
| Sun Pharmaceutical Industries Ltd | 1.11% | 0.77% |
| Cholamandalam Investment and Finance Co Ltd | 0.76% | 0.89% |
| Tata Power Co Ltd | 1.00% | 0.71% |
| Maruti Suzuki India Ltd | 0.97% | 0.71% |
| Godrej Consumer Products Ltd | 0.71% | 0.85% |
| Varun Beverages Ltd | 1.13% | 0.68% |
| ITC Ltd | 0.68% | 0.99% |
| Tech Mahindra Ltd | 0.76% | 0.63% |
| NTPC Green Energy Ltd | 0.65% | 0.62% |
| Ge Vernova T&D India Ltd | 1.09% | 0.60% |
| PNB Housing Finance Ltd | 1.36% | 0.53% |
| Trent Ltd | 0.52% | 0.52% |
| Jubilant Foodworks Ltd | 0.51% | 0.69% |
| United Spirits Ltd | 0.94% | 0.45% |
| Dr. Reddy's Laboratories Ltd | 0.48% | 0.35% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.0% means 48.0% 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 |
|---|---|
| Divi's Laboratories Ltd | 2.79% |
| Ultratech Cement Ltd | 1.78% |
| Torrent Pharmaceuticals Ltd | 1.66% |
| BSE Ltd | 1.24% |
| Phoenix Mills Ltd | 1.14% |
Largest holdings only in Nippon India Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Cube Highways Trust-InvIT Fund | 1.56% |
| 7.48% National Bank For Agriculture and Rural Development | 1.56% |
| Muthoot Finance Limited | 1.31% |
| Mindspace Business Parks REIT | 1.15% |
| Hindustan Unilever Limited | 1.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco ELSS - Tax Saver | Nippon India Balanced Advantage |
|---|---|---|
| Equity | 97.8% | 71.7% |
| Debt | 0.0% | 18.6% |
| Cash and others | 2.2% | 9.7% |
Market cap of stocks
| Market cap | Canara Robeco ELSS - Tax Saver | Nippon India Balanced Advantage |
|---|---|---|
| Large Cap | 73.5% | 52.5% |
| Mid Cap | 16.9% | 11.5% |
| Small Cap | 7.4% | 7.6% |
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 | Nippon India Balanced Advantage |
|---|---|---|
| Banks | 20.7% | 19.9% |
| Pharmaceuticals & Biotechnology | 6.8% | 3.6% |
| Retailing | 6.3% | 4.6% |
| Finance | 5.7% | 4.1% |
| Automobiles | 5.1% | 3.6% |
| IT - Software | 4.4% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco ELSS - Tax Saver vs Nippon India Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco ELSS - Tax Saver Fund | Nippon India Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.73% | 0.89% |
| Base expense ratio (Direct) | 0.57% | 0.56% |
| Total expense ratio (Regular) | 1.85% | 1.99% |
| Base expense ratio (Regular) | 1.53% | 1.51% |
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 Nippon India Balanced Advantage with
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Canara Robeco ELSS - Tax Saver Fund vs Nippon India Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Canara Robeco ELSS - Tax Saver Fund and Nippon India Balanced Advantage Fund?
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund, Nippon India Balanced Advantage Fund is a Balanced Advantage fund, run by Canara Robeco Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 48.0%. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and Nippon India Balanced Advantage Fund 0.89%.
Which has given higher returns, Canara Robeco ELSS - Tax Saver Fund or Nippon India Balanced Advantage Fund?
Over 1 year: Canara Robeco ELSS - Tax Saver Fund −4.70%, Nippon India Balanced Advantage Fund −1.36%. Over 3 years: Canara Robeco ELSS - Tax Saver Fund +11.47% a year, Nippon India Balanced Advantage Fund +10.07% a year. Over 5 years: Canara Robeco ELSS - Tax Saver Fund +9.00% a year, Nippon India Balanced Advantage Fund +9.08% 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 Nippon India Balanced Advantage Fund?
Canara Robeco ELSS - Tax Saver Fund charges less: 0.73% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco ELSS - Tax Saver Fund and Nippon India Balanced Advantage Fund overlap?
48.0%. They hold 34 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Canara Robeco ELSS - Tax Saver Fund or Nippon India Balanced Advantage 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 ₹7,54,281 in Nippon India Balanced Advantage Fund (XIRR 8.3% 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 Nippon India Balanced Advantage Fund?
Yes. 48.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.