Canara Rob Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Canara Rob Mid Cap Fund Direct Growth Plan has a NAV of ₹19.04 as of 17 September 2026 and an AUM of ₹5,231 Cr. Its 1-year, 3-year and 5-year returns are 2.61%, 16.18% and Data not available, and the scheme sits in the High Risk category.
Our view is that this is a mid-cap equity fund with a clear growth orientation, but its recent return pattern has been mixed. The portfolio is spread across 57 holdings, and the largest names are still only moderate-sized positions, so the fund does not look dominated by a single stock; that can help balance risk, though it does not remove it.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹19.04 as of 17 Sep 2026 |
| AUM | ₹5,231 Cr |
| Expense Ratio | 0.57% |
| Launch Date | 02 Dec 2022 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty Mid Cap |
| Fund Category | Equity |
| Exit Load | 1% on or before 365D, Nil after 365D |
| Fund Managers | Pranav Gokhale, Shridatta Bhandwaldar |
The fund is managed by Pranav Gokhale and Shridatta Bhandwaldar.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.96% | -3.41% |
| 3M | 0.85% | -1.42% |
| 1Y | 2.61% | 4.86% |
| 3Y | 16.18% | 14.23% |
| 5Y | Data not available | Data not available |
The recent picture is uneven. Over 1 month, the fund fell less than the benchmark, which tells us it was a little more resilient in a weak stretch. Over 3 months, it moved back into positive territory while the benchmark stayed negative, so the fund handled the short rebound better than the index.
The 1-year figure is less impressive because the fund trails the benchmark there. That matters because it suggests the recent recovery has not been strong enough to fully close the gap in the trailing 12 months. For investors who look at the latest year first, this is a weaker headline than the longer trend.
The 3-year number is better. The fund is ahead of the benchmark over that window, which suggests the longer compounding pattern has been more constructive than the shorter-term outcome. Even so, the path has not been smooth, and the monthly movement shows that mid-cap exposure can still swing around quite a bit.
Overall, the performance pattern says the fund has done better over a 3-year horizon than over the last year, while the benchmark comparison is mixed. That combination usually points to a fund that can participate in upside over time, but with enough short-term variation that investors need patience.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Canara Rob Mid Cap?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Canara Rob Mid Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Canara Rob Mid Cap Fund Direct Growth Plan | 2.61% | 16.18% | Data not available |
| HSBC Midcap Fund Direct Growth Plan | 15.97% | 22.92% | 18.06% |
| WOC Mid Cap Fund Direct Growth Plan | 11.1% | 21% | Data not available |
| Helios Mid Cap Fund Direct Growth Plan | 10.06% | Data not available | Data not available |
| ITI Mid Cap Fund Direct Growth Plan | 8.51% | 19.17% | 15.91% |
| Baroda BNP Paribas Mid Cap Fund Direct Growth Plan | 8.4% | 16.15% | 14.79% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is well below the stronger peer figures shown here, especially HSBC Midcap Fund Direct Growth Plan and WOC Mid Cap Fund Direct Growth Plan. That tells us the latest stretch has lagged the better recent mid-cap performers, even though the fund did edge out the benchmark over 1 month and 3 months.
The longer-term story is more balanced. On 3 years, the fund is ahead of Baroda BNP Paribas Mid Cap Fund Direct Growth Plan and close to ITI Mid Cap Fund Direct Growth Plan, but it still trails HSBC Midcap Fund Direct Growth Plan and WOC Mid Cap Fund Direct Growth Plan. The peer set therefore shows a gap between the fund’s recent softness and its more respectable medium-term compounding.
Because some peer 5-year figures are missing, the cleanest comparison is the 3-year and 1-year mix. On that basis, the fund looks more competitive over 3 years than over 1 year, which mirrors the broader pattern seen against the benchmark as well.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| TREPS | Cash & Cash Equivalents and Net Assets | 4.79% |
| Multi Commodity Exchange of India Ltd | Finance | 3.13% |
| Lenskart Solutions Ltd | Domestic Equities | 2.78% |
| Bharat Heavy Electricals Ltd | Capital Goods | 2.72% |
| Coforge Ltd | IT | 2.67% |
| Global Health Ltd | Healthcare | 2.65% |
| Federal Bank Ltd | Bank | 2.58% |
| One 97 Communications Ltd | IT | 2.39% |
| Eternal Ltd | Retailing | 2.38% |
| Shriram Finance Ltd | Finance | 2.36% |
The top 10 holdings account for approximately 28.45% of the portfolio.
To see all holdings, visit the Canara Rob Mid Cap Fund Direct Growth Plan page
The largest holding is TREPS at 4.79%, which is a relatively modest single-position weight. The drop from the first holding to the tenth is gradual rather than sharp, moving from 4.79% to 2.36%; that suggests the disclosed holdings are spread across several mid-sized positions instead of being concentrated in one or two very large bets.
That said, the top 10 together make up 28.45% of the portfolio, while the fund holds 57 positions in total. Our view is that this points to a fairly distributed stock selection approach within the disclosed slice, with the remainder of the portfolio likely contributing a longer tail of smaller positions.
Because the top positions are individually moderate, none of them is likely to dominate returns on its own. At the same time, the mix across finance, IT, healthcare, capital goods and retailing means performance may depend on how several different business areas move rather than on one sector alone.
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk equity exposure and can stay invested for several years. The 3-year return profile is better than the 1-year figure, which means the strategy has looked more convincing over a longer holding period than in the latest stretch.
It also fits investors who can tolerate periods of underperformance versus the benchmark and stronger peers, because the short-term numbers have been uneven. The trade-off is clear: mid-cap funds can participate well over time, but they can also swing sharply in weaker markets.
Given the portfolio mix, this is better viewed as a growth-oriented allocation than a stability anchor. Investors who prefer smoother outcomes may find the return pattern too variable, while those who accept volatility for long-term potential may find the structure more relevant.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% if units are sold on or before 365 days; nil after 365 days.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of Canara Rob Mid Cap Fund Direct Growth Plan?
Its NAV is ₹19.04 as of 17 September 2026.
What are the 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 2.61%, its 3-year return is 16.18%, and its 5-year return is Data not available.
How does the fund compare with the benchmark?
It has lagged the benchmark over 1 year but has stayed ahead of it over 3 years. The short-term and medium-term picture are therefore different.
How does it compare with the peer funds listed here?
Its 1-year return is lower than several peer funds in the comparison table, while its 3-year return is more competitive than some peers and still below others. The picture is mixed rather than uniform.
Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹1,000.
Who manages the fund and what is the exit load?
The fund is managed by Pranav Gokhale and Shridatta Bhandwaldar. The exit load is 1% if units are sold on or before 365 days, and nil after 365 days.
Bottom line
Canara Rob Mid Cap Fund Direct Growth Plan shows a clearer 3-year story than a 1-year one, which makes it look more suitable for patient investors than for those focused on the latest stretch. It has also been mixed against the benchmark and weaker than several peer funds on recent 1-year returns.
The risk label is High Risk, and the portfolio is spread across 57 holdings with no single position dominating. That combination suggests a diversified mid-cap approach, but one that still carries the usual volatility of the segment.
Published on 18 September 2026 at 8:18 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.