Canara Robeco ELSS Tax Saver vs LIC MF ELSS Tax Saver
ELSS · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 14-Aug-2026
| Metric | Canara Robeco ELSS Tax Saver | LIC MF ELSS Tax Saver |
|---|---|---|
| Latest NAV | ₹205.24 | ₹173.19 |
| 1-Year Return | +4.72% | +0.31% |
| 3-Year Return (CAGR) | +13.96% | +12.60% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 13.7% | 14.2% |
| Max Drawdown | −18.2% | −17.4% |
| Fund House | Canara Robeco Mutual Fund | LIC Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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Canara Robeco ELSS Tax Saver vs LIC MF ELSS Tax Saver: which is better?
Canara Robeco ELSS Tax Saver and LIC MF ELSS Tax Saver are both elss mutual funds (direct plan, growth option). This comparison uses each fund's official AMFI NAV history — the same daily data the fund houses publish — to compare returns, volatility and drawdowns side by side.
On 3-year returns (annualised), Canara Robeco ELSS Tax Saver leads with +13.96% against +12.60% — a gap of about 1.36 percentage points per year over that period.
Canara Robeco ELSS Tax Saver has been the steadier fund over the past year, with annualised volatility of 13.7% versus 14.2%. Looking at worst falls, Canara Robeco ELSS Tax Saver's deepest drawdown in the stored history is −18.2% against −17.4% for LIC MF ELSS Tax Saver.
Which fund suits you depends on your horizon and appetite for swings: the higher-return fund is only the better pick if you can hold through its rougher months. Use the ₹10,000 growth chart above to see how each fund actually behaved through market cycles, and consider consulting a SEBI-registered adviser before investing. This comparison is informational, not investment advice.
Key takeaways
- Canara Robeco ELSS Tax Saver has delivered higher 3-year returns (+13.96% vs +12.60%).
- Canara Robeco ELSS Tax Saver has shown lower volatility over the trailing year.
- LIC MF ELSS Tax Saver has had the shallower maximum drawdown (−17.4%).
Frequently Asked Questions
Which fund has given higher returns — Canara Robeco ELSS Tax Saver or LIC MF ELSS Tax Saver?
Over the past 3 year period, Canara Robeco ELSS Tax Saver has delivered higher returns: +13.96% versus +12.60% annualised. Past performance does not guarantee future results.
Which fund is less risky — Canara Robeco ELSS Tax Saver or LIC MF ELSS Tax Saver?
Based on the trailing year, Canara Robeco ELSS Tax Saver has shown lower day-to-day volatility (Canara Robeco ELSS Tax Saver: 13.7%, LIC MF ELSS Tax Saver: 14.2% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both Canara Robeco ELSS Tax Saver and LIC MF ELSS Tax Saver?
Yes — many investors split a SIP across two funds. If both funds are from the same category, remember they will hold overlapping stocks, so diversification benefits may be smaller than they appear. Check each scheme's portfolio before doubling up within one category.
More ELSS comparisons
Returns, volatility and drawdowns are computed from official AMFI NAV history for direct-growth plans and may differ slightly from fund-house factsheets due to date conventions. Mutual fund investments are subject to market risks. This comparison is for informational purposes only — not investment advice.