Canara Rob Large and Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Canara Rob Large and Mid Cap Fund Direct Growth Plan has a NAV of ₹298.49 as of 08 Sep 2026 and an AUM of ₹26,062 Cr. Its 1-year, 3-year and 5-year returns are -0.25%, 12.66% and 10.97%, respectively, and the scheme carries a High Risk label. In our view, the fund fits investors who can tolerate sharp swings in the short term while looking for a portfolio that has held up better over longer periods than in the latest year.
The fund’s recent numbers are softer than its 3-year and 5-year record, and that makes it better suited to a patient allocation than a near-term parking place. Its large-and-mid-cap mix, active stock selection and meaningful exposure to banks, hotels, consumer-facing names and auto stocks can support upside, but they can also add volatility.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹298.49 as of 08 Sep 2026 |
| AUM | ₹26,062 Cr |
| Expense Ratio | 0.56% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty Mid Cap |
| Fund Category | Equity |
| Exit Load | 1% on or before 1Y, Nil after 1Y |
| Fund Managers | Amit Nadekar, Shridatta Bhandwaldar |
The fund is managed by Amit Nadekar and Shridatta Bhandwaldar.
Source data date: as of 08 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.57% | -3.86% |
| 3M | 7.84% | 1.69% |
| 1Y | -0.25% | -5.72% |
| 3Y | 12.66% | 6.30% |
| 5Y | 10.97% | 6.05% |
The last month and the last quarter show a mixed but improving short-term pattern. The fund stayed negative over one month, but the fall was smaller than the benchmark’s, while the three-month number turned clearly positive and beat the benchmark by a wide margin. That tells us the fund has recently recovered better than the index, even though the pace of that recovery has not been smooth.
Over one year, the fund still sits slightly below zero, but it has done less badly than the benchmark. That matters because it shows relative resilience rather than outright strength. The more important signal comes from the 3-year and 5-year figures, where the fund has stayed ahead of the benchmark by a meaningful margin. So the longer view is still constructive, even if the latest year interrupts that trend.
The path has not been linear. The return pattern across the medium and long term suggests a scheme that can rise strongly in supportive markets but also give back part of those gains when conditions turn. For investors, that makes the latest year a reminder to judge the fund over a full cycle rather than on a single weak stretch.
Source data date: as of 08 Sep 2026
Should you BUY or HOLD Canara Rob Large and 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 Large and Mid Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Canara Rob Large and Mid Cap Fund Direct Growth Plan | -0.25% | 12.66% | 10.97% |
| Motilal Oswal Large & Midcap Fund Direct Growth Plan | 14.69% | 22.91% | 19.18% |
| Quant Large & Mid Cap Fund Direct Growth Plan | 13.62% | 14.86% | 16.33% |
| HSBC Large & Mid Cap Fund Direct Growth Plan | 13.47% | 17.87% | 15.16% |
| Sundaram Large and Mid Cap Fund Direct Growth Plan | 12.17% | 14.89% | 12.76% |
| Bank of India Large & Mid Cap Fund Direct Growth Plan | 9.77% | 13.74% | 12.32% |
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, while several peers show double-digit gains over the same period. That gap matters because it shows the scheme has not matched the more resilient short-term outcomes seen elsewhere in the group.
The longer horizon picture is more balanced, but the fund still trails the strongest peer numbers at 3 years and 5 years. Even so, it stays ahead of the weaker peer returns in both windows, so the comparison is not one-sided. The short-term picture and the longer-term picture therefore tell different stories: recent softness versus a more respectable multi-year record.
Source data date: as of 08 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Ltd | Bank | 6.19% |
| Indian Hotels Co Ltd | Hospitality | 5.51% |
| HDFC Bank Ltd | Bank | 4.05% |
| Eternal Ltd | Retailing | 3.62% |
| Federal Bank Ltd | Bank | 3.33% |
| Bajaj Finance Ltd | Finance | 3.19% |
| TVS Motor Co Ltd | Automobile & Ancillaries | 3.02% |
| Mahindra & Mahindra Ltd | Automobile & Ancillaries | 2.66% |
| Dixon Technologies (India) Ltd | Consumer Durables | 2.65% |
| TREPS | Cash & Cash Equivalents and Net Assets | 2.64% |
The largest holding, ICICI Bank Ltd, stands at 6.19%, which is meaningful but not excessive on its own. The weight then steps down fairly gradually, with the tenth position still at 2.64%. That pattern suggests the portfolio is not relying on a single dominant bet.
The top ten holdings together account for approximately 36.86% of the portfolio. With 57 disclosed holdings overall, the rest of the portfolio is spread across a wider set of positions. That breadth may help soften the influence of any one stock, although the fund can still be affected by the group of larger positions, especially banks and cyclical consumer names.
Because the portfolio spans 57 holdings and the displayed names already cover more than a third of assets, the fund appears moderately concentrated rather than heavily diversified at the top. In our view, that mix can support active stock selection, but it may also make returns more sensitive to the performance of the leading holdings listed here.
To see all holdings, visit the Canara Rob Large and Mid Cap Fund Direct Growth Plan page
Source data date: as of 08 Sep 2026
Who should invest
This fund suits investors who can handle High Risk exposure and are comfortable with a choppy path in pursuit of multi-year growth. The latest year has been weak, but the 3-year and 5-year records are still ahead of the benchmark, which makes patience an important part of the fit.
We think the better match is an investor with a medium-to-long horizon who can stay invested through periods when short-term returns lag. The main trade-off is straightforward: the fund offers the possibility of stronger medium-term compounding than the benchmark, but it can also go through stretches of noticeable volatility and underperformance relative to some peers.
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 Large and Mid Cap Fund Direct Growth Plan?
The current NAV is ₹298.49 as of 08 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its returns are -0.25% over 1 year, 12.66% over 3 years and 10.97% over 5 years.
How has the fund done against its benchmark?
It has stayed ahead of the benchmark over 3 years and 5 years, while the 1-year figure is still better than the benchmark’s negative reading.
How does it compare with the peer funds listed here?
Its recent and multi-year returns are weaker than the stronger peer figures shown here, but it still stays ahead of the lower peer returns in the 3-year and 5-year windows.
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 Amit Nadekar and Shridatta Bhandwaldar. The exit load is 1% if units are sold on or before 1 year, and nil after 1 year.
Bottom line
Canara Rob Large and Mid Cap Fund Direct Growth Plan has a weaker latest-year outcome, but its 3-year and 5-year records still stand above the benchmark. That combination points to a fund whose longer-term compounding has been better than its most recent stretch. The High Risk label, the sizable bank exposure and the spread across 57 holdings suggest a portfolio that can move around quite a bit. For investors who can tolerate that volatility and stay patient, the fund looks more like a cyclical long-horizon allocation than a short-term holding.
Published on 9 September 2026 at 6:30 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.