Canara Rob Manufacturing Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Canara Rob Manufacturing Fund Direct Growth Plan is at a NAV of ₹14.36 as of 17 September 2026, with scheme AUM of ₹1,756 Cr. Its 1-year, 3-year and 5-year returns are 7.03%, Data not available and Data not available, and the fund sits in the High Risk category.
Our view is that this is best read as a thematic manufacturing-oriented equity fund with a higher-risk profile and a short performance history. The recent return profile is better than the benchmark’s, but the longer track record is still limited, so the fund suits investors who can tolerate sharp swings and want exposure to a concentrated industrial and manufacturing tilt.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹14.36 as of 17 Sep 2026 |
| AUM | ₹1,756 Cr |
| Expense Ratio | 0.75% |
| Launch Date | 11 Mar 2024 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 365D, Nil after 365D |
| Fund Managers | Pranav Gokhale, Shobhit Tiwari |
The fund is managed by Pranav Gokhale and Shobhit Tiwari.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.97% | -3.66% |
| 3M | 0.42% | -3.71% |
| 1Y | 7.03% | -7.13% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern has been uneven but constructive. Over 1 month, the fund slipped 2.97%, yet it still held up better than the benchmark, which fell 3.66%. Over 3 months, it turned positive at 0.42% while the benchmark stayed in negative territory, which suggests the fund has recovered more quickly than the broad market over the short run.
The 1-year figure is the clearest strength in the record so far. The fund’s 7.03% return stands well above the benchmark’s -7.13%, so relative performance has been meaningfully better over the last year. That said, the fund is only around two and a half years old, so the longer-term compounding story is still developing rather than established.
The daily pattern inside the one-year window shows noticeable swings rather than a smooth climb. That matters because the fund is built around a manufacturing theme, and such portfolios can move differently from the broader market when industrial and capital-expenditure expectations change. For investors, the key point is that the recent improvement is real, but it still sits inside a volatile profile that needs a longer holding period to judge properly.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Canara Rob Manufacturing?
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 Manufacturing? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Canara Rob Manufacturing Fund Direct Growth Plan | 7.03% | Data not available | Data not available |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 69.8% | 36.32% | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 25.31% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 25.27% | Data not available | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 24.51% | Data not available | Data not available |
| PGIM India Healthcare Fund Direct Growth Plan | 22.75% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. Compared with the peer set’s available 1-year numbers, this fund’s 7.03% return is clearly more modest. The gap is especially wide versus the strongest peer number in the table, while the other available peer returns also sit well above this fund’s 1-year result.
On the longer horizon, the comparison is harder to draw because most peer 3-year and 5-year figures are not available. The one peer with a 3-year figure has a much stronger number than this fund’s current record, but that still does not create a full long-term comparison set. The short-term picture and the longer-term peer evidence therefore point in different directions: this fund has been better than the benchmark recently, yet the available peer history is stronger where it exists.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Mahindra & Mahindra Ltd | Automobile & Ancillaries | 5.45% |
| Bharat Electronics Ltd | Capital Goods | 4.63% |
| Bharat Heavy Electricals Ltd | Capital Goods | 3.53% |
| Ge Vernova T&D India Ltd | Capital Goods | 3.51% |
| Bajaj Auto Ltd | Automobile & Ancillaries | 3.39% |
| Tata Steel Ltd | Iron & Steel | 3.38% |
| Rubicon Research Ltd | Domestic Equities | 3.31% |
| Premier Energies Ltd | Trading | 3.22% |
| Syrma SGS Technology Ltd | Electricals | 3.02% |
| Apar Industries Ltd | Capital Goods | 2.89% |
The largest holding, Mahindra & Mahindra Ltd, carries a 5.45% weight, so no single stock dominates the portfolio on its own. The gap from the first holding to the tenth is not steep in absolute terms: the tenth position still stands at 2.89%, which suggests the top block is fairly close-knit rather than extremely top-heavy.
The top 10 holdings account for approximately 36.33% of the portfolio, leaving a substantial share across the remaining disclosed positions. With 54 holdings in total, the fund appears to use a broad enough tail to reduce dependence on any one name, even though the top positions are still important. That mix may suit a thematic fund, because it allows the manufacturing idea to stay visible while avoiding a single-position concentration that would be too extreme.
To see all holdings, visit the Canara Rob Manufacturing Fund Direct Growth Plan page
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk and are comfortable with a theme-led equity portfolio. The recent return pattern has been better than the benchmark, but the track record is still short and uneven, so a longer horizon matters if the investor wants the portfolio’s industrial exposure to play out.
Its main trade-off is straightforward: the manufacturing tilt may offer upside when the theme is in favour, but it can also move sharply when market sentiment changes. That makes it more appropriate for investors who can hold through volatility and do not need a smooth return path.
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 Manufacturing Fund Direct Growth Plan?
The current NAV is ₹14.36 as of 17 September 2026.
What are the 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 7.03%. The 3-year and 5-year returns are Data not available.
How has the fund done versus Nifty 50?
It has done better than Nifty 50 in the periods shown. The fund is positive over 3 months and 1 year, while the benchmark is negative in both periods.
How does it compare with the peer funds shown here?
Its 1-year return is lower than the peer funds listed here where data is available. The longer-term comparison is limited because most peer 3-year and 5-year figures are not available.
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 Pranav Gokhale and Shobhit Tiwari. The exit load is 1% if units are sold on or before 365 days, and nil after 365 days.
Bottom line
Canara Rob Manufacturing Fund Direct Growth Plan has shown a better recent run than its benchmark, but the overall record is still short and uneven. Available peer return figures are stronger on the 1-year measure, while longer-term peer comparisons are limited by missing data. The fund carries High Risk and a manufacturing-led portfolio, so it may appeal to investors who can stay patient through volatility and want a thematic equity exposure rather than a smoother, market-like journey.
Published on 18 September 2026 at 12:52 PM 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.