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

Canara Rob Conservative Hybrid Fund Direct Growth Plan has a current NAV of ₹115.9735 as of 03 Sep 2026 and a scheme AUM of ₹868 Cr. Its 1-year, 3-year and 5-year returns are 3.8%, 8.12% and 7.17% respectively, and the fund sits in the Medium Risk category. Our view is that it suits investors who want a conservative hybrid exposure with steadier long-term compounding than a pure equity style, while accepting that shorter periods can still look uneven.

The fund’s return pattern is not aggressive, but it has stayed constructive over 3 and 5 years. That makes it more relevant for investors who are comfortable with moderate risk, prefer a blended debt-and-equity profile, and are looking for a smoother path than a higher-volatility equity fund.

Quick facts

Particular	Details
NAV	₹115.9735 as of 03 Sep 2026
AUM	₹868 Cr
Expense Ratio	0.7%
Launch Date	01 Jan 2013
Min SIP	₹1,000
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	Nil upto 10% of units on or before 1Y, 1% for more than 10% of units on or before 1Y, Nil after 1Y
Fund Managers	Avnish Jain, Amit Kadam, Suman Prasad

The fund is managed by Avnish Jain, Amit Kadam and Suman Prasad.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.33%	-3.01%
3M	3.69%	1.95%
1Y	3.8%	-4.4%
3Y	8.12%	5.74%
5Y	7.17%	6.27%

The recent pattern is mixed but constructive. The fund was marginally negative over 1 month, yet it recovered over 3 months and stayed positive over 1 year, which suggests the portfolio can absorb short-term noise without losing its longer arc. That is consistent with a conservative hybrid structure rather than a pure equity profile.

Over 3 years and 5 years, the fund has produced 8.12% and 7.17% returns, both above the benchmark’s 5.74% and 6.27%. That tells us the fund has added value over a fuller holding period, even though the 1-year figure is modest in absolute terms. The key point is that the benchmark itself was negative over 1 year, so the fund’s positive 1-year result stands out versus the reference index.

The shorter-period trend does differ from the longer-term trend. Near-term performance is not smooth enough to suggest a straight line higher, but the 3-year and 5-year numbers show that the compounding profile has remained reasonably steady. For investors, that means this is better read as a measured long-horizon hybrid fund than as a vehicle for strong short-term momentum.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Canara Rob Conservative Hybrid?

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 Conservative Hybrid? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Canara Rob Conservative Hybrid Fund Direct Growth Plan	3.8%	8.12%	7.17%
Nippon India Conservative Hybrid Fund Direct Growth Plan	7.73%	8.89%	8.37%
Baroda BNP Paribas Conservative Hybrid Fund Direct Growth Plan	6.19%	8.82%	7.65%
Parag Parikh Conservative Hybrid Fund Direct Growth Plan	6%	10.16%	9.57%
SBI Conservative Hybrid Fund Direct Growth Plan	5.94%	8.66%	8.76%
Aditya Birla SL Conservative Hybrid Fund Direct Growth Plan	5.82%	8.98%	8.37%

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

The fund’s 1-year return trails every peer listed here, while its 3-year and 5-year returns are also lower than the stronger peer figures in this set. The gap is most visible over 5 years, where several peers sit above 8%, while this fund remains at 7.17%. Even so, the pattern is not weak across every horizon: its 3-year number is still comfortably positive and close to the middle of the group rather than a sharp outlier.

That mix matters because the short-term story and longer-term story are not the same. The recent 1-year result is softer than the peer set, but the 3-year and 5-year figures still show a workable compounding profile for conservative hybrid investors. In practice, that places more emphasis on whether an investor values stability and blended exposure over trying to capture the stronger peer numbers seen elsewhere.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	11.11%
GOI FRB 2034 (30-Oct-2034)	Government Securities	4.14%
6.94% GOI 2036 (11-May-2036)	Government Securities	4.06%
7.02% Bajaj Housing Finance Ltd (26/05/2028) **	Corporate Debt	3.42%
9.00% HDFC Bank Ltd (29/11/2028) **	Corporate Debt	2.97%
7.75% LIC Housing Finance Ltd (23/08/2029) **	Corporate Debt	2.89%
7.79% Small Industries Development Bank of India (14/05/2027) **	Corporate Debt	2.89%
8.0409% Tata Cap HSG Fin Ltd 19-Mar-27 **	Corporate Debt	2.89%
8.08% Kotak Mahindra Prime Ltd (21/10/2027) **	Corporate Debt	2.89%
8.12% Bajaj Finance Ltd (10/09/2027) **	Corporate Debt	2.89%

The largest disclosed holding is TREPS at 11.11%, which is a meaningful cash-equivalent position and may help limit day-to-day portfolio swings. After that, the weights step down fairly quickly into government securities and then a cluster of corporate debt positions mostly in the 2.89% to 4.14% range. That pattern suggests no single bond dominates the visible part of the portfolio.

The drop from the largest holding to the tenth holding is modest in absolute terms because the top ten are all relatively close after the first two positions. The difference between 11.11% and 2.89% shows some concentration at the top, but not an extreme one. The portfolio still appears anchored by a spread of debt instruments rather than by a very large bet on one issuer or one duration point.

The top 10 holdings account for approximately 40.15% of the portfolio. Since 55 holdings are disclosed in total, the fund appears to have a longer tail beyond the visible top positions, which may reduce dependence on any single line item. At the same time, the visible slice is still large enough that these positions are likely to have greater influence on short-term behaviour than the smaller holdings further down the list.

To see all holdings, visit the Canara Rob Conservative Hybrid Fund Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This fund fits investors with moderate risk tolerance who are comfortable with a hybrid portfolio and a Medium Risk label. The 1-year return is softer than the 3-year and 5-year figures, so the better use case is a longer holding horizon where the steadier compounding profile has time to play out.

The main trade-off is that the fund is not designed for strong short-term excitement: recent movement can lag even when longer-term numbers stay constructive. Investors who prefer a blend of debt and equity, and who can accept returns that are more measured than a pure equity fund, are a better match for this pattern.

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 10% of units on or before 1Y, 1% for more than 10% of units on or before 1Y, Nil after 1Y.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Canara Rob Conservative Hybrid Fund Direct Growth Plan?

The current NAV is ₹115.9735 as of 03 Sep 2026.

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

Its 1-year return is 3.8%, its 3-year return is 8.12%, and its 5-year return is 7.17%.

How does the fund compare with the benchmark?

It has outperformed the Nifty 50 over 1 year, 3 years and 5 years. The 1-year benchmark return is -4.4%, while the fund has stayed positive.

How does it compare with the peer funds listed here?

The fund’s 1-year, 3-year and 5-year returns are lower than the stronger peer figures shown here, especially over 1 year and 5 years. The peer comparison still shows a positive long-term track record, but some peers have compounded faster.

What is the minimum SIP amount?

The minimum SIP amount is ₹1000.

Who manages the fund and what is the exit load?

The fund is managed by Avnish Jain, Amit Kadam and Suman Prasad. The exit load is nil for up to 10% of units sold on or before 1 year, 1% for more than 10% of units sold on or before 1 year, and nil after 1 year.

Bottom line

This fund’s shorter-term performance is softer than its 3-year and 5-year track record, so the story is more about measured compounding than recent momentum. Compared with the peer set, its return figures are less forceful, but the profile remains workable for investors who prefer a conservative hybrid approach. The portfolio is anchored by cash equivalents, government securities and a spread of corporate debt positions, which points to a restrained structure suited to moderate-risk, longer-horizon investors.

Published on 4 September 2026 at 3:00 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore 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.