Canara Robeco Large Cap Fund vs Kotak Business Cycle Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Large Cap Fund is a Large Cap fund and Kotak Business Cycle Fund is a Thematic fund. In the 3 years to 30-10-2026, Canara Robeco Large Cap Fund (Direct) returned 10.5% a year and Kotak Business Cycle Fund (Direct) returned 15.8% a year. Canara Robeco Large Cap Fund charges 0.63% a year and Kotak Business Cycle Fund 0.75% (Direct plans). Their portfolios overlap 32.7%: they hold 20 of the same securities.
Canara Robeco Large Cap Fund
Large Cap
- 3 year return
- 10.5%
- Expense ratio
- 0.63%
- NAV
- ₹69.35
Kotak Business Cycle Fund
Thematic
- 3 year return
- 15.8%
- Expense ratio
- 0.75%
- NAV
- ₹17.57
Which is better, Canara Robeco Large Cap or Kotak Business Cycle? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Business Cycle returned more over 3 years: 15.8% a year against 10.5%.
- Kotak Business Cycle returned more over 1 year: −0.1% against −7.9%.
- Canara Robeco Large Cap costs less: 0.63% a year against 0.75% (Direct plans).
- Canara Robeco Large Cap swung less over 3 years: a standard deviation of 13.1% a year against 13.7%.
- Canara Robeco Large Cap fell less in its worst fall since 06-10-2022: −14.8% against −18.4%.
- Canara Robeco Large Cap holds more in large companies: 87.0% of the fund in large caps against 42.0%.
- Canara Robeco Large Cap is the larger fund: ₹15,963 Cr against ₹3,414 Cr.
- Their portfolios overlap 32.7%: 20 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 Large Cap Fund | Kotak Business Cycle Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Large Cap | Thematic |
| AUM | ₹15,963 Cr (30-09-2026) | ₹3,414 Cr (30-09-2026) |
| NAV | ₹69.35 (Direct) | ₹17.57 (Direct) |
| Expense ratio (Direct) | 0.63% | 0.75% |
| Expense ratio (Regular) | 1.76% | 2.03% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 100 TRI | Nifty 500 TRI |
| Launch date | 20-08-2010 | 28-09-2022 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Shridatta Bhandwaldar / Mr. Vishal Mishra | Harish Bihani, Abhishek Bisen |
| 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 | 0.5% for redemption within 90 Days |
Canara Robeco Large Cap vs Kotak Business Cycle: 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 Large Cap Fund (Direct) | +1.42% | −4.45% | −1.00% | −7.88% | +10.46% | +8.31% | +13.41% |
| Kotak Business Cycle Fund (Direct) | −2.08% | −3.34% | +4.98% | −0.11% | +15.85% | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 35 Large Cap funds and the 235 Thematic funds, same plan type.
Canara Robeco Large Cap vs Kotak Business Cycle: Year-wise Returns
| Year | Canara Robeco Large CapCanara Robeco Large Cap | Kotak Business CycleKotak Business Cycle |
|---|---|---|
| 2026to date | −7.88% | +0.79% |
| 2025 | +8.58% | +6.89% |
| 2024 | +19.21% | +29.35% |
| 2023 | +23.74% | +24.66% |
| 2022 | +2.29% | -- |
| 2021 | +26.51% | -- |
Canara Robeco Large Cap vs Kotak Business Cycle: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of Canara Robeco Large Cap Fund
Rolling returns
Every 3-year holding period, 262 of them, one for each trading day from 06-10-2025 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 Large Cap Fund (Direct)
Kotak Business Cycle Fund (Direct)
BSE 100 TRI
to
Nov 2025Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 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 Large Cap | 0.0 | 0.0 | 8.8 | 49.2 | 42.0 | 0.0 | 0.0 | 13.9% | 14.1% | 8.4% | 18.2% | 100% |
| Kotak Business Cycle | 0.0 | 0.0 | 0.0 | 3.1 | 89.7 | 7.3 | 0.0 | 18.0% | 18.0% | 14.4% | 20.6% | 100% |
| BSE 100 TRI | 0.0 | 0.0 | 16.4 | 59.2 | 24.4 | 0.0 | 0.0 | 12.6% | 13.0% | 7.0% | 16.6% | -- |
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 100 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 06-10-2022. Past returns do not promise future returns.
Canara Robeco Large Cap vs Kotak Business Cycle: 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 03-10-2022 to 30-10-2026: 49 instalments, ₹4,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco Large CapCanara Robeco Large Cap Fund (Direct) | ₹4,90,000 | ₹5,55,124 | ₹65,124 | 6.1% |
| Kotak Business CycleKotak Business Cycle Fund (Direct) | ₹4,90,000 | ₹6,24,233 | ₹1,34,233 | 11.9% |
Canara Robeco Large CapCanara Robeco Large Cap Fund (Direct)
Kotak Business CycleKotak Business Cycle 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 Large Cap vs Kotak Business Cycle: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Large Cap Fund (Direct) | Kotak Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.88% | −0.11% |
| Standard deviation | 13.80% | 14.43% |
| Sharpe ratio | -0.95 | -0.37 |
| Sortino ratio | -1.27 | -0.51 |
| Maximum drawdown | −14.6% (30-03-2026) | −14.1% (23-03-2026) |
| Beta | 0.99 | 0.95 |
| Alpha | +0.88% | +6.59% |
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 Large Cap Fund (Direct) | Kotak Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.46% | +15.85% |
| Standard deviation | 13.05% | 13.74% |
| Sharpe ratio | 0.34 | 0.72 |
| Sortino ratio | 0.47 | 0.99 |
| Maximum drawdown | −14.8% (28-02-2025) | −18.4% (03-03-2025) |
| Beta | 0.95 | 0.91 |
| Alpha | +1.62% | +6.01% |
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 Large Cap Fund (Direct) | Kotak Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.46% | +14.68% |
| Standard deviation | 15.05% | 12.55% |
| Sharpe ratio | 0.49 | 0.68 |
| Sortino ratio | 0.68 | 0.93 |
| Maximum drawdown | −32.6% (23-03-2020) | −18.4% (03-03-2025) |
| Beta | 0.93 | 0.90 |
| Alpha | +1.78% | +4.48% |
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 Large Cap Fund (Direct)
Kotak Business Cycle Fund (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Canara Robeco Large Cap Fund (Direct) | −14.8% | 26-09-2024 | 28-02-2025 | 17-10-2025 | 8 months | −8.6% |
| Kotak Business Cycle Fund (Direct) | −18.4% | 23-09-2024 | 03-03-2025 | 19-08-2025 | 6 months | −5.9% |
| BSE 100 TRI | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.4% |
From daily values since 06-10-2022, 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 Large Cap Fund (Direct)
Kotak Business Cycle Fund (Direct)
BSE 100 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 Large Cap Fund (Direct)
Kotak Business Cycle Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco Large Cap Fund (Direct) | 99% | 91% | 1.82% |
| Kotak Business Cycle Fund (Direct) | 107% | 74% | 5.96% |
From month-end values since 06-10-2022. 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 Large Cap vs Kotak Business Cycle: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Large Cap Fund, September 2026; Kotak Business Cycle Fund, September 2026
Holdings in common
- Overlap
- 32.7%
- Held by both
- 20
- Only in Canara Robeco Large Cap
- 41
- Only in Kotak Business Cycle
- 32
| Security | % of Canara Robeco Large Cap | % of Kotak Business Cycle |
|---|---|---|
| ICICI Bank Ltd | 8.36% | 7.69% |
| Axis Bank Ltd | 3.41% | 3.67% |
| Eternal Ltd | 3.00% | 4.05% |
| HDFC Bank Ltd | 8.26% | 2.62% |
| Mahindra & Mahindra Ltd | 3.00% | 1.86% |
| Ultratech Cement Ltd | 2.40% | 1.67% |
| Infosys Ltd | 3.26% | 1.39% |
| Shriram Finance Ltd | 1.36% | 2.48% |
| Reliance Industries Ltd | 4.76% | 1.23% |
| NTPC Ltd | 1.05% | 1.04% |
| Vishal Mega Mart Ltd | 1.03% | 1.85% |
| TVS Motor Co Ltd | 0.95% | 1.15% |
| Lenskart Solutions Ltd | 0.94% | 2.70% |
| SBI Life Insurance Co Ltd | 0.88% | 1.65% |
| Maruti Suzuki India Ltd | 0.86% | 2.09% |
| Hindustan Aeronautics Ltd | 1.17% | 0.82% |
| ITC Ltd | 1.05% | 0.69% |
| Uno Minda Ltd | 0.45% | 1.33% |
| Oberoi Realty Ltd | 0.42% | 1.39% |
| Mankind Pharma Ltd | 0.37% | 1.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.7% means 32.7% 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 Large Cap Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Ltd | 4.82% |
| Larsen & Toubro Ltd | 4.11% |
| State Bank of India | 3.52% |
| Bajaj Finance Ltd | 3.29% |
| Kotak Mahindra Bank Ltd | 2.76% |
Largest holdings only in Kotak Business Cycle Fund
| Security | % of fund |
|---|---|
| ADITYA INFOTECH LIMITED | 5.74% |
| INDO-MIM LTD | 4.39% |
| ASTER DM HEALTHCARE LTD | 3.37% |
| KRISHNA INSTITUTE OF MEDICAL | 3.23% |
| VIJAYA DIAGNOSTIC CENTRE PVT | 3.11% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Large Cap | Kotak Business Cycle |
|---|---|---|
| Equity | 97.7% | 98.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.3% | 1.4% |
Market cap of stocks
| Market cap | Canara Robeco Large Cap | Kotak Business Cycle |
|---|---|---|
| Large Cap | 87.0% | 42.0% |
| Mid Cap | 10.7% | 21.0% |
| Small Cap | 0.0% | 30.5% |
| Not on AMFI's list | 0.0% | 5.2% |
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 Large Cap | Kotak Business Cycle |
|---|---|---|
| Banks | 26.3% | 15.8% |
| Retailing | 6.4% | 10.3% |
| Industrial Manufacturing | 0.0% | 10.1% |
| Healthcare Services | 1.4% | 9.7% |
| Automobiles | 6.3% | 5.1% |
| Pharmaceuticals & Biotechnology | 6.1% | 0.0% |
| Finance | 6.0% | 3.5% |
| IT - Software | 5.7% | 4.0% |
| Capital Markets | 0.9% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco Large Cap vs Kotak Business Cycle: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Large Cap Fund | Kotak Business Cycle Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.63% | 0.75% |
| Base expense ratio (Direct) | 0.48% | 0.57% |
| Total expense ratio (Regular) | 1.76% | 2.03% |
| Base expense ratio (Regular) | 1.44% | 1.65% |
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 Large Cap with
Canara Robeco Large Cap Fund vs Kotak Business Cycle Fund: Frequently Asked Questions
What is the difference between Canara Robeco Large Cap Fund and Kotak Business Cycle Fund?
Canara Robeco Large Cap Fund is a Large Cap fund, Kotak Business Cycle Fund is a Thematic fund, run by Canara Robeco Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 32.7%. Canara Robeco Large Cap Fund charges 0.63% a year and Kotak Business Cycle Fund 0.75%.
Which has given higher returns, Canara Robeco Large Cap Fund or Kotak Business Cycle Fund?
Over 1 year: Canara Robeco Large Cap Fund −7.88%, Kotak Business Cycle Fund −0.11%. Over 3 years: Canara Robeco Large Cap Fund +10.46% a year, Kotak Business Cycle Fund +15.85% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Canara Robeco Large Cap Fund or Kotak Business Cycle Fund?
Canara Robeco Large Cap Fund charges less: 0.63% a year against 0.75%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Large Cap Fund and Kotak Business Cycle Fund overlap?
32.7%. They hold 20 of the same securities, the largest shared ones being ICICIBANK, AXISBANK, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Large Cap Fund or Kotak Business Cycle Fund?
On SEBI's riskometer, Canara Robeco Large Cap Fund is rated Very High and Kotak Business Cycle Fund Very High. Over 3 years, the standard deviation of daily returns was 13.05% and 13.74% a year.
Which is better for SIP, Canara Robeco Large Cap Fund or Kotak Business Cycle Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,81,890 in Canara Robeco Large Cap Fund (XIRR 2.0% a year) and ₹4,21,827 in Kotak Business Cycle Fund (XIRR 8.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Canara Robeco Large Cap Fund and Kotak Business Cycle Fund?
Yes. 32.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Canara Robeco Large Cap Fund and Kotak Business Cycle Fund?
Canara Robeco Large Cap Fund: Shridatta Bhandwaldar / Mr. Vishal Mishra. Kotak Business Cycle Fund: Harish Bihani, Abhishek Bisen.
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.