Canara Rob Medium to Long Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Canara Rob Medium to Long Term Fund Direct Growth Plan has a NAV of ₹64.6682 as of 03 Sep 2026 and an AUM of ₹111 Cr. Its 1-year, 3-year and 5-year returns are 4.17%, 6.33% and 5.4%, and it sits in the Medium Risk bucket. Our view is that this is a steady debt-oriented fund rather than a fast-compounding one, with returns that have stayed moderate across time and a portfolio built mainly around government securities.

The longer record is more useful than the latest stretch here. The fund has been smoother than a market-linked aggressive strategy, but the 5-year outcome is still modest against its benchmark’s 6.27% over the same period. That makes it more suitable for conservative investors who value relatively lower volatility and can accept a return profile that has been consistent, but not especially strong.

Quick facts

The fund is managed by Avnish Jain and Suman Prasad.

Source data date: as of 03 Sep 2026

Performance

Recent behaviour has been mixed, but not unstable. The 1-month figure is marginally negative, while the 3-month return is positive and close to the benchmark. That tells us the fund has not been moving in a sharply different direction from the benchmark in the very short run, even though the benchmark had a weaker 1-year outcome.

The 1-year number is the clearest recent strength. The fund’s 4.17% return is comfortably ahead of the benchmark’s -4.4%, which means it held up far better over the last year. That said, this single-year lead should be read alongside the longer trend rather than in isolation, because the 3-year and 5-year outcomes are much closer to the benchmark and do not suggest a major step change in return generation.

Over 3 years, the fund has delivered 6.33% versus 5.74% for the benchmark, which is a modest edge. Over 5 years, however, it trails the benchmark’s 6.27% with a 5.4% return. Our read is that the fund has produced orderly compounding, but the long-run pattern is restrained rather than standout. The recent year looks better than the five-year picture, so the fund appears to have recovered reasonably well without changing its overall character.

Source data date: as of 03 Sep 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the 1-year figure, the fund sits below the available peer numbers, with Franklin India Medium to Long Term Fund Direct Growth Plan, Kotak Medium to Long Term Fund Direct Growth Plan, ICICI Pru Medium to Long Term Fund Direct Growth Plan, LIC MF Medium to Long Term Fund Direct Growth Plan and SBI Medium to Long Term Fund Direct Growth Plan all showing stronger recent returns. That suggests the fund’s short-term pace has been comparatively softer even though it still beat the benchmark over the same period.

The longer picture is more balanced. The fund’s 3-year return of 6.33% is below Kotak, ICICI Pru, LIC MF and SBI among the peers with available 3-year data, while its 5-year return of 5.4% is also below Kotak, ICICI Pru, LIC MF and SBI among the peers with available 5-year data. So the peer comparison says the same thing as the benchmark check: the fund has been dependable, but its longer-horizon return profile has lagged the stronger return numbers in the group.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

The top 10 holdings account for approximately 100% of the portfolio.

To see all holdings, visit the Canara Rob Medium to Long Term Fund Direct Growth Plan page

The largest holding, 6.94% GOI 2036 (11-May-2036), stands at 31.45%, which is a meaningful single-position weight for a debt fund. After that, the weights step down to the low teens and then into single digits, so the portfolio does not lean on one asset alone, but the first few positions still matter a great deal more than the tail.

This mix suggests a portfolio that is tilted toward sovereign and quasi-sovereign paper, with TREPS and treasury bills adding liquidity. Because the top 10 holdings together account for approximately 100% of the portfolio across 11 disclosed holdings, the structure looks fairly compact. That concentration may help keep the fund’s behavior anchored, but it also means the larger positions are likely to have greater influence on returns than the smaller ones.

Source data date: as of 03 Sep 2026

Who should invest

This fund suits investors who are comfortable with Medium Risk and want a debt-oriented allocation with relatively restrained return swings. The 1-year result is better than the benchmark, but the 3-year and 5-year numbers show only modest excess or a small lag, so the return pattern is not one of aggressive outperformance.

Our view is that the better fit is an investor with a medium- to longer-term horizon who values predictability and government-securities exposure more than high upside. The trade-off is straightforward: the portfolio may be steadier than many market-linked alternatives, but it has not shown a strong long-run edge over the benchmark or the stronger peer return figures available here.

Tax and exit load

Exit load: No exit load.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Canara Rob Medium to Long Term Fund Direct Growth Plan?
The current NAV is ₹64.6682 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year, 3-year and 5-year returns are 4.17%, 6.33% and 5.4%.

How has the fund done against its benchmark?
It has beaten the benchmark over 1 year and 3 years, but its 5-year return is below the benchmark’s 6.27%.

How does the fund compare with peers on recent returns?
Its 1-year return is below the available peer return figures in the comparison table. The 3-year and 5-year numbers are also lower than several peers with available data.

What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.

Who manages the fund and what is the exit load?
The fund is managed by Avnish Jain and Suman Prasad. It has no exit load.

Bottom line

This fund has shown a better recent year than its benchmark, but the longer trail is more measured, with the 5-year return still below the benchmark and below several peer return figures where data is available. The portfolio is dominated by government securities and related fixed-income instruments, which supports a relatively anchored profile. That combination points to a fund for investors who want debt exposure with moderate risk and can live with returns that are steady rather than exceptional.

Published on 4 September 2026 at 2:43 PM IST