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

Canara Rob Flexi Cap Fund Direct Growth Plan has a NAV of ₹394.65 as of 28 Aug 2026 and an AUM of ₹13,615 Cr. Its 1-year, 3-year and 5-year returns are 3.85%, 13.53% and 11.32%, respectively, and the scheme is tagged as High Risk.

Our view is that this is a flexi-cap fund for investors who can stay patient through uneven shorter-term performance. The portfolio is large-cap heavy, but the fund also keeps meaningful exposure to mid-caps and a small small-cap sleeve, so the outcome can still differ materially from the benchmark.

Quick facts

Particular	Details
NAV	₹394.65
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% if units are sold on or before 1 year; nil after 1 year
Fund Managers	Shridatta Bhandwaldar, Pranav Gokhale

The fund is managed by Shridatta Bhandwaldar and Pranav Gokhale.

Source data date: as of 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	0.77%	-0.85%
3M	7.25%	3.39%
1Y	3.85%	-2.29%
3Y	13.53%	6.40%
5Y	11.32%	7.13%

The recent pattern is mixed rather than smooth. The fund was positive across 1M, 3M and 1Y, but the 1Y figure is still modest at 3.85%, which tells us that the last year was not a strong compounding stretch even though it stayed ahead of the benchmark.

The longer view is clearer. Over 3 years, the fund has held up better than the benchmark, and the 5-year return also stays ahead of the index. That suggests the fund has added value over a full market cycle even if the shorter horizon has been less impressive.

The trajectory through the time series also points to a fund that can move through periods of weakness and recovery rather than delivering a straight line upward. That fits a flexi-cap portfolio with equity-market sensitivity and means investors should judge it by multi-year behaviour, not by a single quarter or year.

Against the benchmark, the fund is ahead in every period shown. The gap is widest over 3 years, while the 1-year lead is much smaller because the fund’s recent gains have been more restrained than its medium-term track record.

Source data date: as of 28 Aug 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Canara Rob Flexi Cap Fund Direct Growth Plan	3.85%	13.53%	11.32%
Bank of India Flexi Cap Fund Direct Growth Plan	18.05%	22.17%	18.21%
ITI Flexi Cap Fund Direct Growth Plan	17.78%	20.00%	Data not available
Navi Flexi Cap Fund Direct Growth Plan	15.64%	13.15%	13.03%
LIC MF Multi Cap Fund Direct Growth Plan	15.46%	19.73%	Data not available
TRUSTMF Flexi Cap Fund Direct Growth Plan	14.21%	Data not available	Data not available

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 far below the faster peer numbers in this set, so the short-term picture looks weaker than several peers. The longer-term picture is more balanced: its 3-year return is above Navi Flexi Cap Fund Direct Growth Plan and sits below the stronger multi-year results of Bank of India Flexi Cap Fund Direct Growth Plan and ITI Flexi Cap Fund Direct Growth Plan.

Over 5 years, the fund remains ahead of Navi Flexi Cap Fund Direct Growth Plan but trails Bank of India Flexi Cap Fund Direct Growth Plan. The message is that the fund’s longer record is respectable, yet its recent pace has not matched the stronger peer results available for comparison.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

The portfolio is 74.06% large cap, 17.89% mid cap, 3.96% small cap and 4.09% other. That means the fund is not a pure large-cap product, but large companies still dominate its behaviour.

Sector	Weight	Key holdings
BANK	33.03%	KOTAK MAHINDRA BANK LTD (17.72%), HDFC BANK LTD (4.92%)
AUTOMOBILE & ANCILLARIES	11.51%	WABCO INDIA LTD (5.56%), MAHINDRA & MAHINDRA LTD (1.73%)
FINANCE	8.42%	MULTI COMMODITY EXCHANGE OF INDIA LTD (3.05%), BAJAJ FINANCE LTD (1.77%)
IT	5.89%	INFOSYS LTD (2.09%), TECH MAHINDRA LTD (0.88%)
HEALTHCARE	5.23%	SUN PHARMACEUTICAL INDUSTRIES LTD (1.11%), DR. LAL PATH LABS LTD (1.04%)

The BANK sleeve is materially larger than the rest of the portfolio and may have the greatest influence on how the fund behaves. At 33.03%, it is well above the next sector, so the portfolio is clearly anchored around financials.

Beyond banks, the exposure is spread across automobile, finance, IT and healthcare, which gives the portfolio some diversification across business cycles. The presence of mid-cap and small-cap assets can add variation to returns, but the large-cap base still acts as the main stabiliser.

Because no single non-bank sector comes close to the bank allocation, the fund’s sector profile is concentrated enough to matter but not so narrow that it depends on only one holding. For investors, that means the broad style is diversified equity exposure, yet bank stocks are likely to shape short- and medium-term performance more than any other sleeve.

Source data date: as of 28 Aug 2026

Who should invest

This fund suits investors who are comfortable with High Risk equity exposure and who can stay invested for several years. The 1-year return has been much softer than the 3-year and 5-year numbers, so the fund needs patience before its longer record can matter.

It may appeal more to investors who want a flexi-cap allocation with a large-cap backbone and are willing to accept sector concentration around banks. The main trade-off is that the portfolio can lag strongly in shorter stretches even when the longer record stays ahead of the benchmark.

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 28 Aug 2026

Frequently asked questions

What is the current NAV of Canara Rob Flexi Cap Fund Direct Growth Plan?

The current NAV is ₹394.65 as of 28 Aug 2026.

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

Its 1-year return is 3.85%, its 3-year return is 13.53% and its 5-year return is 11.32%.

How has it done versus the benchmark?

It has stayed ahead of the Nifty 50 across 1M, 3M, 1Y, 3Y and 5Y. The lead is more visible over 3 years and 5 years than over the last 1 year.

How does it compare with peer funds on available return data?

Its 1-year return is lower than the peer funds listed here, while its 3-year and 5-year numbers remain competitive in the group. The longer record is steadier than the short-term picture.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

What risk and tax profile should investors note?

The scheme is tagged High Risk and has a 1% exit load if units are sold on or before 1 year, with nil exit load after 1 year. Tax is 20% for units held less than 1 year and 12.5% for units held more than 1 year.

Bottom line

Canara Rob Flexi Cap Fund Direct Growth Plan has a mixed recent run, but its longer track record is more constructive than its 1-year figure suggests. It stays ahead of the benchmark across the periods shown, yet several peer funds have been faster over the last year. The portfolio is anchored by large caps and has a clear bank tilt, so it is best viewed as an equity fund for patient investors who can accept shorter stretches of uneven performance.

Published on 31 August 2026 at 1:59 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.