Canara Robeco ELSS - Tax Saver Fund vs Nippon India Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund and Nippon India Flexi Cap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, Canara Robeco ELSS - Tax Saver Fund (Direct) returned 11.5% a year and Nippon India Flexi Cap Fund (Direct) returned 9.1% a year. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and Nippon India Flexi Cap Fund 0.66% (Direct plans). Their portfolios overlap 50.5%: they hold 31 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 Flexi Cap Fund
Flexi Cap
- 3 year return
- 9.1%
- Expense ratio
- 0.66%
- NAV
- ₹16.77
Which is better, Canara Robeco ELSS - Tax Saver or Nippon India Flexi Cap? 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 Flexi Cap returned more over 5 years: 9.4% a year against 9.0%.
- Canara Robeco ELSS - Tax Saver returned more over 3 years: 11.5% a year against 9.1%.
- Nippon India Flexi Cap costs less: 0.66% 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 14.5%.
- Canara Robeco ELSS - Tax Saver fell less in its worst fall since 18-08-2021: −18.6% against −19.8%.
- Canara Robeco ELSS - Tax Saver holds more in large companies: 73.5% of the fund in large caps against 62.9%.
- Nippon India Flexi Cap is the larger fund: ₹9,214 Cr against ₹8,167 Cr.
- Their portfolios overlap 50.5%: 31 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 Flexi Cap Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Nippon India Mutual Fund |
| Category | ELSS | Flexi Cap |
| AUM | ₹8,167 Cr (30-09-2026) | ₹9,214 Cr (30-09-2026) |
| NAV | ₹192.74 (Direct) | ₹16.77 (Direct) |
| Expense ratio (Direct) | 0.73% | 0.66% |
| Expense ratio (Regular) | 1.85% | 1.85% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 31-03-1993 | 13-08-2021 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | 3 years | None |
| Fund managers | Vishal Mishra / Mr. Shridatta Bhandwaldar | Meenakshi Dawar, Dhrumil Shah |
| Exit load | Nil | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
Canara Robeco ELSS - Tax Saver vs Nippon India Flexi 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% |
| Nippon India Flexi Cap Fund (Direct) | −2.31% | −6.36% | −2.62% | −7.62% | +9.10% | +9.40% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
Category average: the average of the 50 ELSS funds and the 46 Flexi Cap funds, same plan type.
Canara Robeco ELSS - Tax Saver vs Nippon India Flexi Cap: Year-wise Returns
| Year | Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver | Nippon India Flexi CapNippon India Flexi Cap |
|---|---|---|
| 2026to date | −4.49% | −6.70% |
| 2025 | +6.46% | +3.90% |
| 2024 | +18.88% | +16.94% |
| 2023 | +25.20% | +34.89% |
| 2022 | +1.22% | +0.74% |
| 2021 | +36.81% | -- |
Canara Robeco ELSS - Tax Saver vs Nippon India Flexi 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, 543 of them, one for each trading day from 19-08-2024 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 Flexi Cap Fund (Direct)
BSE 500 TRI
to
Oct 2024Mar 2022
to
Mar 2025Jul 2022
to
Jul 2025Dec 2022
to
Dec 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 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 | 0.2 | 39.6 | 54.3 | 5.9 | 0.0 | 15.4% | 15.5% | 9.9% | 22.2% | 66% |
| Nippon India Flexi Cap | 0.0 | 0.0 | 4.6 | 28.9 | 55.1 | 11.4 | 0.0 | 16.2% | 16.7% | 8.4% | 22.7% | 95% |
| BSE 500 TRI | 0.0 | 0.0 | 4.4 | 37.6 | 52.5 | 5.5 | 0.0 | 15.3% | 15.3% | 8.4% | 22.0% | -- |
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 18-08-2021. Past returns do not promise future returns.
Canara Robeco ELSS - Tax Saver vs Nippon India Flexi 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 02-08-2021 to 30-10-2026: 63 instalments, ₹6,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct) | ₹6,30,000 | ₹7,90,186 | ₹1,60,186 | 8.6% |
| Nippon India Flexi CapNippon India Flexi Cap Fund (Direct) | ₹6,30,000 | ₹7,74,762 | ₹1,44,762 | 7.8% |
Canara Robeco ELSS - Tax SaverCanara Robeco ELSS - Tax Saver Fund (Direct)
Nippon India Flexi CapNippon India Flexi 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 Nippon India Flexi 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) | Nippon India Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.70% | −7.62% |
| Standard deviation | 14.07% | 15.01% |
| Sharpe ratio | -0.71 | -0.86 |
| Sortino ratio | -0.96 | -1.14 |
| Maximum drawdown | −12.9% (30-03-2026) | −15.0% (30-03-2026) |
| Beta | 0.98 | 1.03 |
| Alpha | +2.65% | +0.10% |
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 Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.47% | +9.10% |
| Standard deviation | 13.48% | 14.53% |
| Sharpe ratio | 0.40 | 0.21 |
| Sortino ratio | 0.55 | 0.28 |
| Maximum drawdown | −18.2% (28-02-2025) | −19.8% (28-02-2025) |
| Beta | 0.94 | 1.00 |
| Alpha | +1.82% | −1.13% |
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 Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.00% | +9.40% |
| Standard deviation | 13.58% | 14.70% |
| Sharpe ratio | 0.24 | 0.25 |
| Sortino ratio | 0.32 | 0.33 |
| Maximum drawdown | −18.6% (17-06-2022) | −19.8% (28-02-2025) |
| Beta | 0.94 | 1.00 |
| Alpha | +0.53% | +0.58% |
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 Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.38% | +10.27% |
| Standard deviation | 15.25% | 14.60% |
| Sharpe ratio | 0.55 | 0.31 |
| Sortino ratio | 0.74 | 0.42 |
| Maximum drawdown | −34.3% (23-03-2020) | −19.8% (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)
Nippon India Flexi 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) | −18.6% | 17-01-2022 | 17-06-2022 | 30-11-2022 | 5 months | −6.9% |
| Nippon India Flexi Cap Fund (Direct) | −19.8% | 23-09-2024 | 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 18-08-2021, 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 Flexi 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)
Nippon India Flexi Cap 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 Flexi Cap Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco ELSS - Tax Saver Fund (Direct) | 96% | 92% | 2.90% |
| Nippon India Flexi Cap Fund (Direct) | 97% | 91% | 3.53% |
From month-end values since 18-08-2021. 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 Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco ELSS - Tax Saver Fund, September 2026; Nippon India Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 50.5%
- Held by both
- 31
- Only in Canara Robeco ELSS - Tax Saver
- 43
- Only in Nippon India Flexi Cap
- 54
| Security | % of Canara Robeco ELSS - Tax Saver | % of Nippon India Flexi Cap |
|---|---|---|
| ICICI Bank Ltd | 6.82% | 7.07% |
| HDFC Bank Ltd | 6.22% | 5.84% |
| Reliance Industries Ltd | 4.05% | 3.39% |
| Axis Bank Ltd | 2.83% | 3.91% |
| Larsen & Toubro Ltd | 3.42% | 2.64% |
| Eternal Ltd | 2.31% | 2.21% |
| State Bank of India | 3.59% | 1.99% |
| Bajaj Finance Ltd | 2.74% | 1.94% |
| Samvardhana Motherson International Ltd | 1.94% | 2.28% |
| Bharti Airtel Ltd | 3.35% | 1.90% |
| Interglobe Aviation Ltd | 1.82% | 1.56% |
| Torrent Pharmaceuticals Ltd | 1.66% | 1.40% |
| Infosys Ltd | 2.96% | 1.35% |
| Mahindra & Mahindra Ltd | 1.24% | 2.36% |
| NTPC Ltd | 1.21% | 1.59% |
| Kotak Mahindra Bank Ltd | 1.26% | 1.19% |
| Varun Beverages Ltd | 1.13% | 1.15% |
| Hindustan Aeronautics Ltd | 1.10% | 1.62% |
| Maruti Suzuki India Ltd | 0.97% | 1.35% |
| Info Edge (India) Ltd | 0.99% | 0.93% |
| Sun Pharmaceutical Industries Ltd | 1.11% | 0.76% |
| Cholamandalam Investment and Finance Co Ltd | 0.76% | 0.85% |
| Tech Mahindra Ltd | 0.76% | 1.13% |
| Godrej Consumer Products Ltd | 0.71% | 0.93% |
| NTPC Green Energy Ltd | 0.65% | 0.84% |
| Titan Co Ltd | 0.93% | 0.60% |
| Vishal Mega Mart Ltd | 0.58% | 0.74% |
| Crompton Greaves Consumer Electricals Ltd | 0.55% | 0.62% |
| Trent Ltd | 0.52% | 1.06% |
| Jubilant Foodworks Ltd | 0.51% | 0.70% |
| Dr. Reddy's Laboratories Ltd | 0.48% | 0.74% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.5% means 50.5% 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% |
| CG Power and Industrial Solutions Ltd | 1.65% |
| TVS Motor Co Ltd | 1.58% |
| PNB Housing Finance Ltd | 1.36% |
Largest holdings only in Nippon India Flexi Cap Fund
| Security | % of fund |
|---|---|
| Kirloskar Oil Engines Limited | 1.98% |
| Radico Khaitan Limited | 1.90% |
| Mankind Pharma Limited | 1.87% |
| Jindal Steel Limited | 1.67% |
| Bharat Heavy Electricals Limited | 1.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco ELSS - Tax Saver | Nippon India Flexi Cap |
|---|---|---|
| Equity | 97.8% | 99.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.2% | 1.0% |
Market cap of stocks
| Market cap | Canara Robeco ELSS - Tax Saver | Nippon India Flexi Cap |
|---|---|---|
| Large Cap | 73.5% | 62.9% |
| Mid Cap | 16.9% | 21.4% |
| Small Cap | 7.4% | 14.6% |
| Not on AMFI's list | 0.0% | 0.1% |
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 Flexi Cap |
|---|---|---|
| Banks | 20.7% | 21.0% |
| Retailing | 6.3% | 8.2% |
| Pharmaceuticals & Biotechnology | 6.8% | 5.5% |
| Finance | 5.7% | 4.2% |
| IT - Software | 4.4% | 5.5% |
| Automobiles | 5.1% | 3.7% |
| Petroleum Products | 4.0% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco ELSS - Tax Saver vs Nippon India Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco ELSS - Tax Saver Fund | Nippon India Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.73% | 0.66% |
| Base expense ratio (Direct) | 0.57% | 0.48% |
| Total expense ratio (Regular) | 1.85% | 1.85% |
| Base expense ratio (Regular) | 1.53% | 1.52% |
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 Nippon India Flexi Cap Fund: Frequently Asked Questions
What is the difference between Canara Robeco ELSS - Tax Saver Fund and Nippon India Flexi Cap Fund?
Canara Robeco ELSS - Tax Saver Fund is an ELSS fund, Nippon India Flexi Cap Fund is a Flexi Cap fund, run by Canara Robeco Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 50.5%. Canara Robeco ELSS - Tax Saver Fund charges 0.73% a year and Nippon India Flexi Cap Fund 0.66%.
Which has given higher returns, Canara Robeco ELSS - Tax Saver Fund or Nippon India Flexi Cap Fund?
Over 1 year: Canara Robeco ELSS - Tax Saver Fund −4.70%, Nippon India Flexi Cap Fund −7.62%. Over 3 years: Canara Robeco ELSS - Tax Saver Fund +11.47% a year, Nippon India Flexi Cap Fund +9.10% a year. Over 5 years: Canara Robeco ELSS - Tax Saver Fund +9.00% a year, Nippon India Flexi Cap Fund +9.40% 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 Flexi Cap Fund?
Nippon India Flexi Cap Fund charges less: 0.66% 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 Nippon India Flexi Cap Fund overlap?
50.5%. They hold 31 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 Nippon India Flexi Cap Fund?
On SEBI's riskometer, Canara Robeco ELSS - Tax Saver Fund is rated Very High and Nippon India Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 13.48% and 14.53% a year.
Which is better for SIP, Canara Robeco ELSS - Tax Saver Fund or Nippon India Flexi Cap 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 ₹7,41,931 in Nippon India Flexi Cap Fund (XIRR 7.6% 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 Flexi Cap Fund?
Yes. 50.5% 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 Nippon India Flexi Cap Fund?
Canara Robeco ELSS - Tax Saver Fund: Vishal Mishra / Mr. Shridatta Bhandwaldar. Nippon India Flexi Cap Fund: Meenakshi Dawar, Dhrumil Shah.
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.