Canara Rob Short Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Canara Rob Short Term Fund Direct Growth Plan has a NAV of ₹29.6028 as of 03 Sep 2026 and a scheme AUM of ₹284 Cr. Its 1-year, 3-year and 5-year returns are 5.86%, 7.11% and 6.04%, and the scheme sits in the Balanced Risk category.

Our view is that this is a steady debt fund rather than a return-chasing one. The portfolio is tilted toward corporate debt, CDs and government securities, which supports a balanced profile, but the benchmark comparison shows that short bursts can differ from the longer run.

Quick facts

The fund is managed by Suman Prasad and Avnish Jain.

Source data date: as of 03 Sep 2026

Performance

The short-term picture is mixed but acceptable. Over 1 month and 3 months, the fund has held up better than the benchmark, with the 1-month period especially showing a cleaner outcome than the index. That matters because debt funds often need to protect capital through brief stretches of market stress, and this fund has generally done that.

The 1-year return is clearly stronger than the benchmark, which reinforces the view that the fund has navigated the recent period well. At the same time, the 5-year return is a touch below the benchmark, so the longer track record is not uniformly ahead. That gap is not large, but it does tell us that the fund has not always outpaced the broader comparison line through a full cycle.

The 3-year figure sits above both the 1-year and 5-year marks, which suggests a relatively better middle stretch. Reading the pattern together, we see a fund that has been more resilient recently than the benchmark, while the longer horizon remains solid rather than exceptional. The time pattern also points to some unevenness along the way, which is consistent with a debt fund that can still move around when rates and credit conditions shift.

Source data date: as of 03 Sep 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the latest 1-year figure, this fund trails every peer listed here, so the recent return picture is more restrained than the group around it. The longer view is more balanced: its 3-year return is below the stronger peer figures, while its 5-year return is also below the better peer outcomes but still sits in a workable range for a debt scheme.

That split matters. The recent return pattern says the fund has not matched the sharper short-term results shown by the peer set, but the 3-year and 5-year numbers still show a reasonable compounding path. In other words, the fund looks more measured than standout on recent performance, while the longer record remains respectable enough for investors who prefer consistency over the strongest headline number.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

The largest holding is 7.74% Hindustan Petroleum Corporation Ltd, at 8.84% of the portfolio. The tenth holding is still meaningful at 5.17%, so the weight drop from the top name to the end of this disclosed set is not dramatic. That suggests the fund is not dependent on a single position alone, even though the largest names still carry noticeable influence.

The top 10 holdings account for approximately 82.22% of the portfolio. With 18 disclosed holdings overall, the portfolio appears fairly concentrated in a smaller cluster of credit positions rather than spread evenly across a very long tail. That structure may help keep the fund focused, but it also means individual holdings could have a visible effect on returns if credit conditions move against any one issue.

Most of the disclosed holdings sit in corporate debt, with a certificate of deposit and one government security also present. Our view is that this mix may support a balance between income generation and liquidity, while the weight pattern still leaves the fund sensitive to issuer-specific outcomes in the larger positions.

To see all holdings, visit the Canara Rob Short Term Fund Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This fund suits investors who are comfortable with a balanced-risk debt allocation and want a horizon long enough to let the compounding pattern work through short periods of unevenness. The 1-year return is better than the benchmark, but the 5-year return sits slightly below it, so the trade-off is between recent resilience and a longer record that is solid rather than clearly ahead.

It may fit investors who prefer a portfolio backed by corporate debt, CDs and government securities rather than a very short-term cash substitute. The main acceptance point is that returns can vary around the trend, so this is better viewed as a measured debt holding for patient investors than as a smooth, always-leading performer.

Tax and exit load

Exit load: No exit load.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Canara Rob Short Term Fund Direct Growth Plan?

The current NAV is ₹29.6028 as of 03 Sep 2026.

What are the 1-year, 3-year and 5-year returns?

The 1-year return is 5.86%, the 3-year return is 7.11%, and the 5-year return is 6.04%.

How does the fund compare with its benchmark?

The fund is ahead of the benchmark over 1 year and 3 years, but slightly behind over 5 years. It also holds up better than the benchmark over the 1-month and 3-month periods.

How does it compare with the peer funds listed here?

The fund trails the listed peer funds on the 1-year figure and also sits below the stronger peer numbers on 3-year and 5-year returns. The gap is smaller on the longer horizon than in the recent one-year period.

What is the fund manager set?

The fund is managed by Suman Prasad and Avnish Jain.

What is the exit load and tax treatment?

There is no exit load. Units held for less than 1 year are taxed at 20% as short-term capital gains, while units held for more than 1 year are taxed at 12.5% as long-term capital gains.

Bottom line

Canara Rob Short Term Fund Direct Growth Plan shows a recent performance profile that is stronger than its benchmark, even though the longer 5-year picture is a little softer than the benchmark. Against the listed peer funds, its return numbers are more restrained, but the gap is not extreme for a debt scheme.

The portfolio is built around a concentrated set of credit positions, with corporate debt dominating the disclosed holdings. That makes the fund suitable for investors who accept balanced risk and want a patient debt allocation where recent steadiness matters, but the strongest headline returns are not the main attraction.

Published on 4 September 2026 at 3:12 PM IST