Canara Robeco Flexi Cap Fund vs Union Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Flexi Cap Fund is a Flexi Cap fund and Union Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, Canara Robeco Flexi Cap Fund (Direct) returned 11.5% a year and Union Equity Savings Fund (Direct) returned 6.6% a year. Canara Robeco Flexi Cap Fund charges 0.71% a year and Union Equity Savings Fund 2.11% (Direct plans). Their portfolios overlap 36.8%: they hold 35 of the same securities.
Canara Robeco Flexi Cap Fund
Flexi Cap
- 3 year return
- 11.5%
- Expense ratio
- 0.71%
- NAV
- ₹371.28
Union Equity Savings Fund
Equity Savings
- 3 year return
- 6.6%
- Expense ratio
- 2.11%
- NAV
- ₹17.94
Which is better, Canara Robeco Flexi Cap or Union Equity Savings? 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 Flexi Cap returned more over 5 years: 8.6% a year against 5.7%.
- Canara Robeco Flexi Cap returned more over 3 years: 11.5% a year against 6.6%.
- Canara Robeco Flexi Cap costs less: 0.71% a year against 2.11% (Direct plans).
- Union Equity Savings swung less over 3 years: a standard deviation of 4.7% a year against 13.5%.
- Union Equity Savings fell less in its worst fall since 17-08-2018: −14.4% against −33.2%.
- Canara Robeco Flexi Cap holds more in large companies: 70.3% of the fund in large caps against 42.8%.
- Canara Robeco Flexi Cap is the larger fund: ₹12,782 Cr against ₹114 Cr.
- Their portfolios overlap 36.8%: 35 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 | Union Equity Savings Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Union Mutual Fund |
| Category | Flexi Cap | Equity Savings |
| AUM | ₹12,782 Cr (30-09-2026) | ₹114 Cr (30-09-2026) |
| NAV | ₹371.28 (Direct) | ₹17.94 (Direct) |
| Expense ratio (Direct) | 0.71% | 2.11% |
| Expense ratio (Regular) | 1.83% | 2.60% |
| Riskometer | Very High | Moderately High |
| Benchmark | BSE 500 TRI | CRISIL Equity Savings Index (TRI)# #CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited |
| Launch date | 16-09-2003 | 09-08-2018 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Shridatta Bhandwaldar / Mr. Pranav Gokhale | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal |
| 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. | Exit load of 1%, if redeemed within 15 days. |
Canara Robeco Flexi Cap vs Union Equity Savings: 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% |
| Union Equity Savings Fund (Direct) | −0.44% | −1.10% | +1.18% | +0.67% | +6.60% | +5.74% | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | -- |
Category average: the average of the 46 Flexi Cap funds and the 23 Equity Savings funds, same plan type.
Canara Robeco Flexi Cap vs Union Equity Savings: Year-wise Returns
| Year | Canara Robeco Flexi CapCanara Robeco Flexi Cap | Union Equity SavingsUnion Equity Savings |
|---|---|---|
| 2026to date | −5.74% | +0.39% |
| 2025 | +8.27% | +5.49% |
| 2024 | +19.24% | +8.94% |
| 2023 | +24.31% | +12.03% |
| 2022 | −0.33% | +2.36% |
| 2021 | +34.40% | +9.35% |
Canara Robeco Flexi Cap vs Union Equity Savings: 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, 1,281 of them, one for each trading day from 17-08-2021 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)
Union Equity Savings Fund (Direct)
BSE 500 TRI
to
Jan 2022Dec 2019
to
Dec 2022Oct 2020
to
Oct 2023Sept 2021
to
Sept 2024Jul 2022
to
Jul 2025May 2023
to
May 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 | 0.2 | 20.6 | 52.0 | 21.9 | 5.3 | 18.1% | 17.7% | 9.9% | 30.1% | 51% |
| Union Equity Savings | 0.0 | 0.0 | 89.4 | 10.6 | 0.0 | 0.0 | 0.0 | 8.5% | 8.4% | 6.3% | 12.7% | 0% |
| BSE 500 TRI | 0.0 | 0.0 | 1.9 | 19.8 | 50.0 | 21.5 | 6.9 | 18.1% | 17.8% | 8.4% | 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 17-08-2018. Past returns do not promise future returns.
Canara Robeco Flexi Cap vs Union Equity Savings: 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 01-08-2018 to 30-10-2026: 99 instalments, ₹9,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco Flexi CapCanara Robeco Flexi Cap Fund (Direct) | ₹9,90,000 | ₹16,94,302 | ₹7,04,302 | 12.7% |
| Union Equity SavingsUnion Equity Savings Fund (Direct) | ₹9,90,000 | ₹13,18,876 | ₹3,28,876 | 6.8% |
Canara Robeco Flexi CapCanara Robeco Flexi Cap Fund (Direct)
Union Equity SavingsUnion Equity Savings 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 Union Equity Savings: 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) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.26% | +0.67% |
| Standard deviation | 14.16% | 5.27% |
| Sharpe ratio | -0.81 | -0.87 |
| Sortino ratio | -1.09 | -1.15 |
| Maximum drawdown | −14.3% (30-03-2026) | −4.5% (30-03-2026) |
| Beta | 0.98 | -- |
| Alpha | +1.13% | -- |
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) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.53% | +6.60% |
| Standard deviation | 13.46% | 4.70% |
| Sharpe ratio | 0.41 | 0.12 |
| Sortino ratio | 0.56 | 0.16 |
| Maximum drawdown | −17.5% (28-02-2025) | −4.5% (30-03-2026) |
| Beta | 0.93 | -- |
| Alpha | +1.89% | -- |
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) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.62% | +5.74% |
| Standard deviation | 13.54% | 4.59% |
| Sharpe ratio | 0.21 | -0.01 |
| Sortino ratio | 0.28 | -0.02 |
| Maximum drawdown | −18.9% (17-06-2022) | −5.8% (17-06-2022) |
| Beta | 0.93 | -- |
| Alpha | +0.16% | -- |
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 Flexi Cap Fund (Direct) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.51% | +7.35% |
| Standard deviation | 15.29% | 5.70% |
| Sharpe ratio | 0.49 | 0.37 |
| Sortino ratio | 0.66 | 0.49 |
| Maximum drawdown | −33.2% (23-03-2020) | −14.4% (23-03-2020) |
| Beta | 0.95 | -- |
| Alpha | +1.04% | -- |
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)
Union Equity Savings 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) | −33.2% | 19-02-2020 | 23-03-2020 | 09-10-2020 | 7 months | −6.7% |
| Union Equity Savings Fund (Direct) | −14.4% | 19-02-2020 | 23-03-2020 | 13-07-2020 | 4 months | −2.1% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 17-08-2018, 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)
Union Equity Savings 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)
Union Equity Savings 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 Flexi Cap Fund (Direct)
Union Equity Savings Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco Flexi Cap Fund (Direct) | 94% | 83% | 3.78% |
| Union Equity Savings Fund (Direct) | 38% | 22% | 12.51% |
From month-end values since 17-08-2018. 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 Union Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Flexi Cap Fund, September 2026; Union Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 36.8%
- Held by both
- 35
- Only in Canara Robeco Flexi Cap
- 48
- Only in Union Equity Savings
- 46
| Security | % of Canara Robeco Flexi Cap | % of Union Equity Savings |
|---|---|---|
| HDFC Bank Ltd | 6.48% | 4.85% |
| ICICI Bank Ltd | 6.62% | 3.63% |
| Bajaj Finance Ltd | 2.97% | 3.04% |
| Bharti Airtel Ltd | 3.78% | 2.65% |
| Reliance Industries Ltd | 3.43% | 2.33% |
| Axis Bank Ltd | 2.51% | 2.18% |
| Kotak Mahindra Bank Ltd | 1.68% | 2.37% |
| Interglobe Aviation Ltd | 1.40% | 1.32% |
| State Bank of India | 2.42% | 1.18% |
| Mahindra & Mahindra Ltd | 2.37% | 1.04% |
| KEI Industries Ltd | 1.03% | 2.54% |
| NTPC Ltd | 0.91% | 2.65% |
| Infosys Ltd | 2.50% | 0.89% |
| Tata Steel Ltd | 0.83% | 0.98% |
| Max Financial Services Ltd | 0.99% | 0.69% |
| One 97 Communications Ltd | 0.93% | 0.65% |
| CG Power and Industrial Solutions Ltd | 0.75% | 0.60% |
| Torrent Pharmaceuticals Ltd | 1.51% | 0.58% |
| Maruti Suzuki India Ltd | 0.60% | 0.57% |
| Trent Ltd | 0.59% | 0.56% |
| Tata Consumer Products Ltd | 1.31% | 0.55% |
| Solar Industries India Ltd | 1.03% | 0.52% |
| Hindustan Unilever Ltd | 0.50% | 0.51% |
| Eternal Ltd | 2.99% | 0.47% |
| Crompton Greaves Consumer Electricals Ltd | 0.46% | 0.67% |
| Delhivery Ltd | 0.44% | 0.58% |
| Varun Beverages Ltd | 1.20% | 0.43% |
| Shriram Finance Ltd | 0.92% | 0.42% |
| Larsen & Toubro Ltd | 3.11% | 0.40% |
| FSN E-Commerce Ventures Ltd | 0.93% | 0.30% |
| Sun Pharmaceutical Industries Ltd | 1.41% | 0.27% |
| Ultratech Cement Ltd | 1.23% | 0.27% |
| Billionbrains Garage Ventures Ltd | 0.68% | 0.25% |
| Bharat Electronics Ltd | 1.25% | 0.22% |
| Hindalco Industries Ltd | 0.11% | 0.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.8% means 36.8% 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 |
|---|---|
| Divi's Laboratories Ltd | 1.90% |
| TVS Motor Co Ltd | 1.67% |
| Indian Hotels Co Ltd | 1.61% |
| Cholamandalam Investment and Finance Co Ltd | 1.47% |
| Max Healthcare Institute Ltd | 1.44% |
Largest holdings only in Union Equity Savings Fund
| Security | % of fund |
|---|---|
| National Bank for Agriculture and Rural Development | 8.69% |
| Patanjali Foods Ltd. | 4.81% |
| 91 Day Treasury Bills | 4.37% |
| Indian Railway Finance Corporation Ltd. | 4.26% |
| Indus Towers Ltd. | 3.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Flexi Cap | Union Equity Savings |
|---|---|---|
| Equity | 96.3% | 69.5% |
| Debt | 0.0% | 26.3% |
| Cash and others | 3.7% | 4.2% |
Market cap of stocks
| Market cap | Canara Robeco Flexi Cap | Union Equity Savings |
|---|---|---|
| Large Cap | 70.3% | 42.8% |
| Mid Cap | 21.4% | 14.4% |
| Small Cap | 4.6% | 11.5% |
| Not on AMFI's list | 0.0% | 0.8% |
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 | Union Equity Savings |
|---|---|---|
| Banks | 19.9% | 16.4% |
| Retailing | 8.5% | 1.3% |
| Pharmaceuticals & Biotechnology | 6.7% | 4.4% |
| Telecom - Services | 3.8% | 6.3% |
| Finance | 5.5% | 3.5% |
| Agricultural Food & other Products | 0.0% | 5.4% |
| Automobiles | 4.6% | 2.1% |
| IT - Software | 4.5% | 1.3% |
| Power | 1.4% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco Flexi Cap vs Union Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Flexi Cap Fund | Union Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.71% | 2.11% |
| Base expense ratio (Direct) | 0.52% | 1.25% |
| Total expense ratio (Regular) | 1.83% | 2.60% |
| Base expense ratio (Regular) | 1.47% | 1.66% |
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 Union Equity Savings Fund: Frequently Asked Questions
What is the difference between Canara Robeco Flexi Cap Fund and Union Equity Savings Fund?
Canara Robeco Flexi Cap Fund is a Flexi Cap fund, Union Equity Savings Fund is an Equity Savings fund, run by Canara Robeco Mutual Fund and Union Mutual Fund. Their portfolios overlap 36.8%. Canara Robeco Flexi Cap Fund charges 0.71% a year and Union Equity Savings Fund 2.11%.
Which has given higher returns, Canara Robeco Flexi Cap Fund or Union Equity Savings Fund?
Over 1 year: Canara Robeco Flexi Cap Fund −6.26%, Union Equity Savings Fund +0.67%. Over 3 years: Canara Robeco Flexi Cap Fund +11.53% a year, Union Equity Savings Fund +6.60% a year. Over 5 years: Canara Robeco Flexi Cap Fund +8.62% a year, Union Equity Savings Fund +5.74% 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 Union Equity Savings Fund?
Canara Robeco Flexi Cap Fund charges less: 0.71% a year against 2.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Flexi Cap Fund and Union Equity Savings Fund overlap?
36.8%. They hold 35 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BAJFINANCE. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Flexi Cap Fund or Union Equity Savings Fund?
On SEBI's riskometer, Canara Robeco Flexi Cap Fund is rated Very High and Union Equity Savings Fund Moderately High. Over 3 years, the standard deviation of daily returns was 13.46% and 4.70% a year.
Which is better for SIP, Canara Robeco Flexi Cap Fund or Union Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,54,899 in Canara Robeco Flexi Cap Fund (XIRR 8.3% a year) and ₹7,05,439 in Union Equity Savings Fund (XIRR 5.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Canara Robeco Flexi Cap Fund and Union Equity Savings Fund?
Yes. 36.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Canara Robeco Flexi Cap Fund and Union Equity Savings Fund?
Canara Robeco Flexi Cap Fund: Shridatta Bhandwaldar / Mr. Pranav Gokhale. Union Equity Savings Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal.
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.