Canara Robeco Flexi Cap Fund vs HSBC ELSS Tax saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Flexi Cap Fund is a Flexi Cap fund and HSBC ELSS Tax saver Fund is an ELSS fund. In the 3 years to 30-10-2026, Canara Robeco Flexi Cap Fund (Direct) returned 11.5% a year and HSBC ELSS Tax saver Fund (Direct) returned 15.1% a year. Canara Robeco Flexi Cap Fund charges 0.71% a year and HSBC ELSS Tax saver Fund 1.22% (Direct plans). Their portfolios overlap 42.0%: they hold 32 of the same securities.
Canara Robeco Flexi Cap Fund
Flexi Cap
- 3 year return
- 11.5%
- Expense ratio
- 0.71%
- NAV
- ₹371.28
HSBC ELSS Tax saver Fund
ELSS
- 3 year return
- 15.1%
- Expense ratio
- 1.22%
- NAV
- ₹146.37
Which is better, Canara Robeco Flexi Cap or HSBC ELSS Tax saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC ELSS Tax saver returned more over 3 years: 15.1% a year against 11.5%.
- HSBC ELSS Tax saver returned more over 1 year: −3.3% against −6.3%.
- Canara Robeco Flexi Cap costs less: 0.71% a year against 1.22% (Direct plans).
- Canara Robeco Flexi Cap swung less over 3 years: a standard deviation of 13.5% a year against 16.5%.
- Canara Robeco Flexi Cap fell less in its worst fall since 28-11-2022: −17.5% against −19.2%.
- Canara Robeco Flexi Cap holds more in large companies: 70.3% of the fund in large caps against 47.2%.
- Canara Robeco Flexi Cap is the larger fund: ₹12,782 Cr against ₹3,974 Cr.
- Their portfolios overlap 42.0%: 32 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 Flexi Cap Fund | HSBC ELSS Tax saver Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | HSBC Mutual Fund |
| Category | Flexi Cap | ELSS |
| AUM | ₹12,782 Cr (30-09-2026) | ₹3,974 Cr (30-09-2026) |
| NAV | ₹371.28 (Direct) | ₹146.37 (Direct) |
| Expense ratio (Direct) | 0.71% | 1.22% |
| Expense ratio (Regular) | 1.83% | 2.00% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 16-09-2003 | 27-02-2006 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Shridatta Bhandwaldar / Mr. Pranav Gokhale | Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh |
| Exit load | 1% - if redeemed/switched out within 1 year from the date of allotment. Nil – if redeemed / switched out after 1 year from the date of allotment. | Nil |
Canara Robeco Flexi Cap vs HSBC ELSS Tax saver: 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 Flexi Cap Fund (Direct) | +0.09% | −4.74% | −0.45% | −6.26% | +11.53% | +8.62% | +13.80% |
| HSBC ELSS Tax saver Fund (Direct) | −2.93% | −5.14% | +0.27% | −3.32% | +15.09% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | -- | -- |
Category average: the average of the 46 Flexi Cap funds and the 50 ELSS funds, same plan type.
Canara Robeco Flexi Cap vs HSBC ELSS Tax saver: Year-wise Returns
| Year | Canara Robeco Flexi CapCanara Robeco Flexi Cap | HSBC ELSS Tax saverHSBC ELSS Tax saver |
|---|---|---|
| 2026to date | −5.74% | −1.82% |
| 2025 | +8.27% | +1.44% |
| 2024 | +19.24% | +34.01% |
| 2023 | +24.31% | +29.42% |
| 2022 | −0.33% | -- |
| 2021 | +34.40% | -- |
Canara Robeco Flexi Cap vs HSBC ELSS Tax saver: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Canara Robeco Flexi Cap Fund
Rolling returns
Every 3-year holding period, 226 of them, one for each trading day from 28-11-2025 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 Flexi Cap Fund (Direct)
HSBC ELSS Tax saver Fund (Direct)
BSE 500 TRI
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 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 Flexi Cap | 0.0 | 0.0 | 0.9 | 59.3 | 39.8 | 0.0 | 0.0 | 14.2% | 13.9% | 9.9% | 18.0% | 73% |
| HSBC ELSS Tax saver | 0.0 | 0.0 | 0.0 | 5.3 | 72.6 | 22.1 | 0.0 | 18.3% | 18.3% | 14.0% | 21.9% | 100% |
| BSE 500 TRI | 0.0 | 0.0 | 10.6 | 52.2 | 37.2 | 0.0 | 0.0 | 13.7% | 13.8% | 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 28-11-2022. Past returns do not promise future returns.
Canara Robeco Flexi Cap vs HSBC ELSS Tax saver: 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 01-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco Flexi CapCanara Robeco Flexi Cap Fund (Direct) | ₹4,80,000 | ₹5,51,432 | ₹71,432 | 6.9% |
| HSBC ELSS Tax saverHSBC ELSS Tax saver Fund (Direct) | ₹4,80,000 | ₹5,83,624 | ₹1,03,624 | 9.8% |
Canara Robeco Flexi CapCanara Robeco Flexi Cap Fund (Direct)
HSBC ELSS Tax saverHSBC ELSS Tax saver 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 Flexi Cap vs HSBC ELSS Tax saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Flexi Cap Fund (Direct) | HSBC ELSS Tax saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.26% | −3.32% |
| Standard deviation | 14.16% | 16.10% |
| Sharpe ratio | -0.81 | -0.53 |
| Sortino ratio | -1.09 | -0.72 |
| Maximum drawdown | −14.3% (30-03-2026) | −13.6% (23-03-2026) |
| Beta | 0.98 | 1.07 |
| Alpha | +1.13% | +4.95% |
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 Flexi Cap Fund (Direct) | HSBC ELSS Tax saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.53% | +15.09% |
| Standard deviation | 13.46% | 16.54% |
| Sharpe ratio | 0.41 | 0.55 |
| Sortino ratio | 0.56 | 0.74 |
| Maximum drawdown | −17.5% (28-02-2025) | −19.2% (28-02-2025) |
| Beta | 0.93 | 1.12 |
| Alpha | +1.89% | +4.39% |
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 Flexi Cap Fund (Direct) | HSBC ELSS Tax saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.51% | +14.25% |
| Standard deviation | 15.29% | 15.26% |
| Sharpe ratio | 0.49 | 0.53 |
| Sortino ratio | 0.66 | 0.72 |
| Maximum drawdown | −33.2% (23-03-2020) | −19.2% (28-02-2025) |
| Beta | 0.95 | 1.10 |
| Alpha | +1.04% | +4.18% |
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 Flexi Cap Fund (Direct)
HSBC ELSS Tax saver 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 Flexi Cap Fund (Direct) | −17.5% | 26-09-2024 | 28-02-2025 | 17-09-2025 | 7 months | −6.7% |
| HSBC ELSS Tax saver Fund (Direct) | −19.2% | 16-12-2024 | 28-02-2025 | 18-06-2026 | 16 months | −8.4% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 28-11-2022, 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 Flexi Cap Fund (Direct)
HSBC ELSS Tax saver 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 Flexi Cap Fund (Direct)
HSBC ELSS Tax saver Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco Flexi Cap Fund (Direct) | 96% | 87% | 2.62% |
| HSBC ELSS Tax saver Fund (Direct) | 112% | 89% | 5.25% |
From month-end values since 28-11-2022. 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 Flexi Cap vs HSBC ELSS Tax saver: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Flexi Cap Fund, September 2026; HSBC ELSS Tax saver Fund, September 2026
Holdings in common
- Overlap
- 42.0%
- Held by both
- 32
- Only in Canara Robeco Flexi Cap
- 51
- Only in HSBC ELSS Tax saver
- 48
| Security | % of Canara Robeco Flexi Cap | % of HSBC ELSS Tax saver |
|---|---|---|
| ICICI Bank Ltd | 6.62% | 3.84% |
| HDFC Bank Ltd | 6.48% | 3.34% |
| Reliance Industries Ltd | 3.43% | 2.84% |
| Eternal Ltd | 2.99% | 2.54% |
| Larsen & Toubro Ltd | 3.11% | 2.21% |
| Bharti Airtel Ltd | 3.78% | 2.06% |
| Axis Bank Ltd | 2.51% | 1.84% |
| State Bank of India | 2.42% | 1.83% |
| Infosys Ltd | 2.50% | 1.79% |
| TVS Motor Co Ltd | 1.67% | 1.89% |
| Max Healthcare Institute Ltd | 1.44% | 1.44% |
| Sun Pharmaceutical Industries Ltd | 1.41% | 1.45% |
| Indian Hotels Co Ltd | 1.61% | 1.29% |
| Cholamandalam Investment and Finance Co Ltd | 1.47% | 1.23% |
| Ultratech Cement Ltd | 1.23% | 1.09% |
| Tech Mahindra Ltd | 1.13% | 1.03% |
| Ge Vernova T&D India Ltd | 1.00% | 2.22% |
| Tata Consumer Products Ltd | 1.31% | 0.94% |
| Shriram Finance Ltd | 0.92% | 2.26% |
| NTPC Ltd | 0.91% | 1.03% |
| Bharat Electronics Ltd | 1.25% | 0.86% |
| Tata Steel Ltd | 0.83% | 1.01% |
| Mahindra & Mahindra Ltd | 2.37% | 0.79% |
| CG Power and Industrial Solutions Ltd | 0.75% | 1.01% |
| Uno Minda Ltd | 1.32% | 0.70% |
| Trent Ltd | 0.59% | 1.01% |
| Mankind Pharma Ltd | 0.56% | 0.73% |
| Hindustan Aeronautics Ltd | 1.05% | 0.55% |
| KEI Industries Ltd | 1.03% | 0.52% |
| Vinati Organics Ltd | 0.66% | 0.44% |
| Persistent Systems Ltd | 0.10% | 1.19% |
| KPIT Technologies Ltd | 0.05% | 0.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.0% means 42.0% 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 Flexi Cap Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd | 2.97% |
| Divi's Laboratories Ltd | 1.90% |
| Kotak Mahindra Bank Ltd | 1.68% |
| Torrent Pharmaceuticals Ltd | 1.51% |
| Interglobe Aviation Ltd | 1.40% |
Largest holdings only in HSBC ELSS Tax saver Fund
| Security | % of fund |
|---|---|
| AVALON TECHNOLOGIES LIMITED | 4.51% |
| Pearl Global Industries Limited | 2.79% |
| Karur Vysya Bank Limited | 2.12% |
| PNB Housing Finance Limited | 2.04% |
| Thangamayil Jewellery Limited | 1.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Flexi Cap | HSBC ELSS Tax saver |
|---|---|---|
| Equity | 96.3% | 99.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.7% | 0.7% |
Market cap of stocks
| Market cap | Canara Robeco Flexi Cap | HSBC ELSS Tax saver |
|---|---|---|
| Large Cap | 70.3% | 47.2% |
| Mid Cap | 21.4% | 17.7% |
| Small Cap | 4.6% | 31.6% |
| Not on AMFI's list | 0.0% | 2.7% |
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 Flexi Cap | HSBC ELSS Tax saver |
|---|---|---|
| Banks | 19.9% | 15.5% |
| Electrical Equipment | 1.8% | 11.9% |
| Retailing | 8.5% | 4.5% |
| Pharmaceuticals & Biotechnology | 6.7% | 3.1% |
| IT - Software | 4.5% | 6.4% |
| Finance | 5.5% | 5.5% |
| Consumer Durables | 2.1% | 5.2% |
| Automobiles | 4.6% | 3.6% |
| Auto Components | 2.7% | 4.6% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco Flexi Cap vs HSBC ELSS Tax saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Flexi Cap Fund | HSBC ELSS Tax saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.71% | 1.22% |
| Base expense ratio (Direct) | 0.52% | 0.98% |
| Total expense ratio (Regular) | 1.83% | 2.00% |
| Base expense ratio (Regular) | 1.47% | 1.64% |
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
Compare Canara Robeco Flexi Cap with
Canara Robeco Flexi Cap Fund vs HSBC ELSS Tax saver Fund: Frequently Asked Questions
What is the difference between Canara Robeco Flexi Cap Fund and HSBC ELSS Tax saver Fund?
Canara Robeco Flexi Cap Fund is a Flexi Cap fund, HSBC ELSS Tax saver Fund is an ELSS fund, run by Canara Robeco Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 42.0%. Canara Robeco Flexi Cap Fund charges 0.71% a year and HSBC ELSS Tax saver Fund 1.22%.
Which has given higher returns, Canara Robeco Flexi Cap Fund or HSBC ELSS Tax saver Fund?
Over 1 year: Canara Robeco Flexi Cap Fund −6.26%, HSBC ELSS Tax saver Fund −3.32%. Over 3 years: Canara Robeco Flexi Cap Fund +11.53% a year, HSBC ELSS Tax saver Fund +15.09% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Canara Robeco Flexi Cap Fund or HSBC ELSS Tax saver Fund?
Canara Robeco Flexi Cap Fund charges less: 0.71% a year against 1.22%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Flexi Cap Fund and HSBC ELSS Tax saver Fund overlap?
42.0%. They hold 32 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Flexi Cap Fund or HSBC ELSS Tax saver Fund?
On SEBI's riskometer, Canara Robeco Flexi Cap Fund is rated Very High and HSBC ELSS Tax saver Fund Very High. Over 3 years, the standard deviation of daily returns was 13.46% and 16.54% a year.
Which is better for SIP, Canara Robeco Flexi Cap Fund or HSBC ELSS Tax saver Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,89,408 in Canara Robeco Flexi Cap Fund (XIRR 3.3% a year) and ₹4,01,552 in HSBC ELSS Tax saver Fund (XIRR 5.3% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Canara Robeco Flexi Cap Fund and HSBC ELSS Tax saver Fund?
Yes. 42.0% 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 Flexi Cap Fund and HSBC ELSS Tax saver Fund?
Canara Robeco Flexi Cap Fund: Shridatta Bhandwaldar / Mr. Pranav Gokhale. HSBC ELSS Tax saver Fund: Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh.
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.