Canara Rob Balanced Advantage Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 11, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Canara Rob Balanced Advantage Fund Direct Growth Plan has a NAV of ₹10.49 as of 10 Sep 2026 and a scheme AUM of ₹1,079 Cr. Its 1-year, 3-year and 5-year returns are 0.58%, Data not available and Data not available, while the official risk category is High Risk. Our view is that this is a relatively new hybrid strategy with a modest recent showing, so the fund is better judged on how it behaves through cycles than on any long track record.
The current portfolio is led by large banks, a telecom name and infrastructure exposure, with 65 disclosed holdings in total. That mix suggests a diversified core, but the fund’s short history means investors still need to be comfortable with uneven near-term outcomes and a High Risk profile.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.49 as of 10 Sep 2026 |
| AUM | ₹1,079 Cr |
| Expense Ratio | 0.72% |
| Launch Date | 02 Aug 2024 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | Nil upto 12% of units and 1% for remaining units on or before 365D, Nil after 365D |
| Fund Managers | Ennettee Fernandes, Pranav Gokhale, Suman Prasad, Amit Kadam |
The fund is managed by Ennettee Fernandes, Pranav Gokhale, Suman Prasad and Amit Kadam.
Source data date: as of 10 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.05% | -4.06% |
| 3M | 3.96% | 1.37% |
| 1Y | 0.58% | -7.31% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The fund has been steadier than the benchmark over the short windows shown. The 1-month result was negative, but it fell less than the benchmark, which points to some downside cushioning in a difficult patch. Over 3 months, the fund moved ahead of the benchmark, and that is the clearest recent sign that the strategy can keep pace when conditions improve.
The 1-year figure also sits above the benchmark by a wide margin, although the absolute return is still modest. That tells us the fund has been better than the index in preserving relative ground, not necessarily in delivering strong absolute gains. Since the scheme launched in August 2024, there is not yet a 3-year or 5-year record to judge, so the short run matters more than usual here.
Looking at the movement pattern, the fund has not followed a straight path. It showed a pullback, recovered through parts of the middle period, and then softened again in the latest month. Our view is that this kind of pattern fits a balanced-advantage approach that may adjust exposure as market conditions change, but the short history means the smoother story is still being formed.
Compared with the benchmark, the fund has clearly been more resilient in the periods shown. The key question for investors is less about whether it can beat a falling index in brief windows and more about whether it can sustain that relative edge once a longer record builds.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD Canara Rob Balanced Advantage?
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 Balanced Advantage? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Canara Rob Balanced Advantage Fund Direct Growth Plan | 0.58% | Data not available | Data not available |
| Unifi Dynamic Asset Allocation Fund Direct Growth Plan | 8.79% | Data not available | Data not available |
| Baroda BNP Paribas Balanced Advantage Fund Direct Growth Plan | 7.3% | 12% | 11.22% |
| Aditya Birla SL Balanced Advantage Fund Direct Growth Plan | 6.99% | 11.7% | 10.43% |
| Edelweiss Balanced Advantage Fund Direct Growth Plan | 5.88% | 10.64% | 9.58% |
| 360 ONE Balanced Hybrid Fund Direct Growth Plan | 5.64% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On 1-year numbers, the fund trails the stronger peer returns shown here, which indicates that its recent performance has been more subdued than several comparable funds. The longer-period figures are not yet available for this scheme, so there is no way to compare its full cycle record with peers that already have 3-year and 5-year histories.
That creates a split reading: the short-term picture is weaker than the better peer outcomes, but the absence of a longer record means the comparison is not yet complete. For now, the fund looks more like a newer entrant that is still building evidence than a scheme with an established long-run pattern.
Source data date: as of 10 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| HDFC Bank Ltd | Bank | 5.52% |
| ICICI Bank Ltd | Bank | 5.25% |
| Reliance Industries Ltd | Crude Oil | 4.59% |
| Bharti Airtel Ltd | Telecom | 3.29% |
| Larsen & Toubro Ltd | Infrastructure | 3.13% |
| Axis Bank Ltd | Bank | 2.79% |
| TREPS | Cash & Cash Equivalents and Net Assets | 2.75% |
| State Bank of India | Bank | 2.41% |
| Infosys Ltd | IT | 2.34% |
| 7.74% LIC Housing Finance Ltd (22/10/2027) ** | Corporate Debt | 2.32% |
The largest holding, HDFC Bank Ltd, stands at 5.52%, which is meaningful but not oversized on its own. The tenth holding is still 2.32%, so the drop from the top position to the lower end of the visible list is fairly controlled rather than abrupt. That usually points to a portfolio that may spread influence across several names instead of relying on a single large bet.
The top 10 holdings together account for approximately 34.39% of the portfolio. With 65 disclosed holdings in total, that suggests a long tail of additional positions beyond the visible list, so the fund may be moderately diversified rather than highly concentrated. At the same time, the top names still matter because several of them are large financials, and those positions could have greater influence on shorter-term outcomes.
Our view is that the portfolio mixes equity leaders with some debt and cash-like exposure, which is consistent with a balanced-advantage approach. The weight pattern does not look extreme, but the leading positions are large enough to shape returns if the underlying sectors move sharply.
To see all holdings, visit the Canara Rob Balanced Advantage Fund Direct Growth Plan page
Source data date: as of 10 Sep 2026
Who should invest
This fund suits investors who can accept High Risk exposure and want a hybrid scheme that may behave differently from a plain equity fund. The short record means the 1-year result matters more than usual, but the lack of a longer history also means the fund still has to prove its staying power across different market conditions.
Our view is that it fits better for a medium- to long-term horizon, where the investor can tolerate uneven short-term moves while watching whether the relative edge versus the benchmark persists. The trade-off is clear: the portfolio may offer some cushioning through a balanced-advantage structure, but the recent return pattern is still modest and not yet backed by a long track record.
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: Nil upto 12% of units and 1% for remaining units on or before 365D, Nil after 365D
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of Canara Rob Balanced Advantage Fund Direct Growth Plan?
The current NAV is ₹10.49 as of 10 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 0.58%, while the 3-year and 5-year returns are Data not available because the scheme is still too new for those periods.
How has the fund performed against the Nifty 50 benchmark?
It has been ahead of the benchmark over the periods shown. The gap is strongest over 1 year, where the fund is positive while the benchmark is negative.
How does it compare with peer funds on 1-year returns?
Its 1-year return is lower than several peer funds shown here, including Unifi Dynamic Asset Allocation Fund Direct Growth Plan, Baroda BNP Paribas Balanced Advantage Fund Direct Growth Plan and Aditya Birla SL Balanced Advantage Fund Direct Growth Plan.
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 Ennettee Fernandes, Pranav Gokhale, Suman Prasad and Amit Kadam. The exit load is Nil upto 12% of units and 1% for remaining units on or before 365D, Nil after 365D.
Bottom line
Canara Rob Balanced Advantage Fund Direct Growth Plan has been more resilient than its benchmark in the periods shown, but its recent absolute return remains modest and the scheme does not yet have a long record. Compared with peer return data, the 1-year figure is softer than several comparable funds, while the longer-term comparison is still incomplete because this scheme is too new. The portfolio leans on a set of large financial and market leaders, which may support stability, but the High Risk label still matters for investor fit.
Published on 11 September 2026 at 3:14 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.