The scheme seeks to achieve long term capital appreciation by predominantly investing in equities. It also offers tax benefits under Section 80C. The investments may be made in primary as well as secondary markets and scheme may also invest in overseas equity markets like ADRs/GDRs.
The scheme aims to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as per the prevailing tax laws.
Fund Manager
Vishal Mishra, Shridatta Bhandwaldar
Harsha Upadhyaya
AMC
Canara Robeco Mutual Fund
Kotak Mahindra Mutual Fund
Taxation
Equity
Equity
Launch Date
1 Jan 2013
31 Dec 2012
Portfolio Overlap
43.7%
Moderate overlap
common holdings
43.7% of the combined portfolio weight is common between Canara Robeco ELSS Tax Saver Direct-Growth and Kotak ELSS Tax Saver Fund Direct-Growth.
23 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 6.62% of Canara Robeco ELSS Tax Saver Direct-Growth and 7.73% of Kotak ELSS Tax Saver Fund Direct-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.State Bank of IndiaBharti Airtel Ltd.Larsen & Toubro Ltd.Reliance Industries Ltd.Bajaj Finance Ltd.Axis Bank Ltd.
Canara Robeco ELSS Tax Saver Direct-Growth has delivered the higher 3-year CAGR (13.67% vs 13.22%). Canara Robeco ELSS Tax Saver Direct-Growth is the cheaper of the two with an expense ratio of 0.68% against 0.81%. Canara Robeco ELSS Tax Saver Direct-Growth manages the larger corpus at ₹8.64k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Canara Robeco ELSS Tax Saver Direct-Growth returned 6.03% against 4.55% for Kotak ELSS Tax Saver Fund Direct-Growth; and over 3 years, Canara Robeco ELSS Tax Saver Direct-Growth leads with a 13.67% CAGR versus 13.22%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Canara Robeco ELSS Tax Saver Direct-Growth has the lower expense ratio at 0.68%, compared with 0.81% for Kotak ELSS Tax Saver Fund Direct-Growth — a difference of 0.13% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Canara Robeco ELSS Tax Saver Direct-Growth and Kotak ELSS Tax Saver Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 43.7%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: ELSS funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Canara Robeco ELSS Tax Saver Direct-Growth has a NAV of ₹205.88 and an AUM of ₹8.64k Cr, and was launched on 1 Jan 2013. Kotak ELSS Tax Saver Fund Direct-Growth has a NAV of ₹140.58 and an AUM of ₹6.20k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
