Canara Rob Flexi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Canara Rob Flexi Cap Fund Direct Growth Plan has a NAV of ₹387.75 as of 08 Sep 2026 and manages ₹13,615 Cr. Its 1-year, 3-year and 5-year returns are 0.73%, 11.79% and 9.86%, respectively, and the scheme sits in the High Risk bucket. Our view is that it suits investors who can accept meaningful equity volatility and want a flexi-cap fund with a large portfolio base, but it has recently been uneven and has not matched its benchmark over the shorter periods.
The fund’s portfolio is led by banks, telecom, infrastructure, IT and large financial names, which gives it a diversified large-cap tilt within the flexi-cap structure. That mix can help stability over full cycles, but it also means recent return swings matter for investors who need smoother short-term outcomes.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹387.75 as of 08 Sep 2026 |
| AUM | ₹13,615 Cr |
| Expense Ratio | 0.53% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 1Y, Nil after 1Y |
| Fund Managers | Shridatta Bhandwaldar, Pranav Gokhale |
The fund is managed by Shridatta Bhandwaldar and Pranav Gokhale.
Source data date: as of 08 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.36% | -3.86% |
| 3M | 5.59% | 1.69% |
| 1Y | 0.73% | -5.72% |
| 3Y | 11.79% | 6.3% |
| 5Y | 9.86% | 6.05% |
Recent performance has been mixed rather than smooth. Over 1 month, the fund fell, but it still did better than the benchmark’s decline. Over 3 months, it recovered more strongly than the benchmark and showed a clearer upward bias than the index. That pattern tells us the fund can participate in rebounds, but it does not eliminate near-term drawdowns.
The 1-year return is still modest, yet it stayed ahead of the benchmark because the index was weaker over the same stretch. The more useful story appears in the 3-year and 5-year numbers, where the fund stayed above the benchmark on a compound basis. That gap suggests the strategy has created more value than the index over longer holding periods, even though the journey has not been steady.
The longer-term path also shows periods of pressure followed by recovery, which is consistent with an equity fund that can move through sharp phases. For investors, the main takeaway is that the fund has delivered a better long-run outcome than the benchmark in the available periods, but the short-term path can still be choppy.
Source data date: as of 08 Sep 2026
Should you BUY or HOLD Canara Rob Flexi 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 Flexi Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Canara Rob Flexi Cap Fund Direct Growth Plan | 0.73% | 11.79% | 9.86% |
| ITI Flexi Cap Fund Direct Growth Plan | 15.92% | 18.62% | Data not available |
| Bank of India Flexi Cap Fund Direct Growth Plan | 15.04% | 19.51% | 17.07% |
| Navi Flexi Cap Fund Direct Growth Plan | 12.89% | 11.42% | 11.86% |
| LIC MF Multi Cap Fund Direct Growth Plan | 12.06% | 18% | Data not available |
| TRUSTMF Flexi Cap Fund Direct Growth Plan | 11.87% | 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 performance, the fund trails all the peer funds shown here, which indicates that the recent stretch has been softer than the group’s stronger names. The longer-term picture is more balanced: the fund’s 3-year and 5-year returns are ahead of Navi Flexi Cap Fund Direct Growth Plan, but behind the better-performing peers with available 3-year and 5-year figures. That split tells us the fund’s recent weakness is not fully reflected in its longer-term record, but the longer horizon still leaves room for improvement versus several peers.
Source data date: as of 08 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Ltd | Bank | 6.75% |
| HDFC Bank Ltd | Bank | 6.42% |
| Bharti Airtel Ltd | Telecom | 3.82% |
| TREPS | Cash & Cash Equivalents and Net Assets | 3.63% |
| Reliance Industries Ltd | Crude Oil | 3.55% |
| Bajaj Finance Ltd | Finance | 3.32% |
| State Bank of India | Bank | 3.22% |
| Larsen & Toubro Ltd | Infrastructure | 3.06% |
| Infosys Ltd | IT | 2.87% |
| Eternal Ltd | Retailing | 2.66% |
The top 10 holdings account for approximately 39.3% of the portfolio.
To see all holdings, visit the Canara Rob Flexi Cap Fund Direct Growth Plan page
The largest holding, ICICI Bank Ltd, is 6.75% of the portfolio, so no single stock dominates the visible list. The decline from the first holding to the tenth is gradual rather than abrupt, moving from the mid-6% area into the mid-2% range. That pattern suggests the portfolio is built around a set of meaningful positions rather than one or two outsized bets.
The mix may still be influenced more by a few large positions because the top 10 together make up 39.3% of the portfolio, while the fund discloses 63 holdings in total. That leaves a long tail of additional positions, which could help diversify stock-specific risk, but the leading names are still likely to have greater influence on short-term returns. The presence of banks at the top also shows that financials remain a core part of the visible exposure.
Overall, the allocation looks moderately spread across the visible leaders rather than highly concentrated in a single stock. For investors, that means the fund may offer a blend of broad equity participation and active stock selection, without relying on an extremely narrow set of holdings.
Source data date: as of 08 Sep 2026
Who should invest
This fund fits investors with a high tolerance for equity risk and a long enough horizon to absorb stretches of weak or uneven performance. Its 3-year and 5-year numbers are better than the benchmark, but the 1-year result is muted, so patience matters more than a quick outcome. The portfolio’s large, diversified core may appeal to investors who want flexi-cap exposure without a very narrow stock basket.
The main trade-off is between the fund’s better longer-term compounding and its still-visible short-term volatility. Investors who need smoother one-year outcomes may find the recent path uncomfortable, while those who can stay invested through cycles may focus more on the stronger 3-year and 5-year record. In our view, the fund is best considered for a multi-year equity allocation rather than a short-term parking option.
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 1 year; nil after 1 year.
Source data date: as of 08 Sep 2026
Frequently asked questions
What is the current NAV of Canara Rob Flexi Cap Fund Direct Growth Plan?
Its NAV is ₹387.75 as of 08 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The returns are 0.73% for 1 year, 11.79% for 3 years and 9.86% for 5 years.
How does the fund compare with the benchmark?
It is ahead of the Nifty 50 in the available 1-month, 3-month, 1-year, 3-year and 5-year periods. The margin is strongest over the longer horizons.
How does the fund compare with the peer funds listed here?
Its 1-year return is lower than all the peer funds shown here. Over 3 years, it is ahead of Navi Flexi Cap Fund Direct Growth Plan but behind the stronger available peer results.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Shridatta Bhandwaldar and Pranav Gokhale. The exit load is 1% if units are sold on or before 1 year, and nil after 1 year.
Bottom line
Canara Rob Flexi Cap Fund Direct Growth Plan has a mixed near-term record but a better longer-term shape, with 3-year and 5-year returns ahead of the benchmark. Its peer comparison is less convincing on the latest 1-year number, yet the longer horizon is more competitive. The fund carries High Risk, so it is better suited to investors who can tolerate volatility. A fairly broad portfolio with 63 holdings and a 39.3% top-10 weight profile may help diversify the impact of any single stock.
Published on 9 September 2026 at 6:32 PM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
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.