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

Canara Rob Large and Mid Cap Fund Direct Growth Plan has a current NAV of ₹300.12 as of 03 Sep 2026 and a scheme AUM of ₹26,062 Cr. Its 1-year, 3-year and 5-year returns are 0.69%, 13.6% and 11.24% respectively, and the fund is placed in the High Risk category.

Our view is that this is a fund for investors who can accept sharp swings in the near term in exchange for a longer holding period. The return pattern is uneven across time, but the 3-year and 5-year numbers are still better than the benchmark figures provided here, which makes the fund more suitable for patient equity investors than for short-term capital protection.

Quick facts

Particular	Details
NAV	₹300.12 as of 03 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 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.83%	-3.01%
3M	8.11%	1.95%
1Y	0.69%	-4.4%
3Y	13.6%	5.74%
5Y	11.24%	6.27%

The recent pattern is mixed, not cleanly directional. The fund was slightly negative over 1 month, but the decline was milder than the benchmark, and the 3-month figure recovered to a stronger gain than the benchmark over the same period. That combination suggests the fund has still been able to participate in a short-term rebound even after a weak stretch.

Over 1 year, the fund’s return is modest at 0.69%, yet it remains ahead of the benchmark’s -4.4%. That tells us the fund has been more resilient than the benchmark over the last year, even if the absolute gain is not strong. The longer horizon is clearer: 3-year and 5-year returns both stay comfortably above the benchmark’s corresponding figures.

The 3-year return of 13.6% also sits above the 5-year return of 11.24%, which points to a period of better compounding in the more recent stretch than in the full 5-year window. The time pattern is not smooth, but it does show recovery after weaker phases, and that matters for investors who can stay invested through uneven periods.

Overall, this fund has outpaced the benchmark on every period shown here, but the near-term path has been more volatile than the long-term summary alone would suggest. For us, that makes the fund more suitable as a medium- to long-horizon equity holding rather than a place to chase stable month-to-month outcomes.

Source data date: as of 03 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Canara Rob Large and Mid Cap Fund Direct Growth Plan	0.69%	13.6%	11.24%
HSBC Large & Mid Cap Fund Direct Growth Plan	13.88%	18.77%	15.25%
Quant Large & Mid Cap Fund Direct Growth Plan	13.38%	15.95%	16.12%
Motilal Oswal Large & Midcap Fund Direct Growth Plan	12.95%	23.34%	18.91%
Sundaram Large and Mid Cap Fund Direct Growth Plan	12.06%	15.79%	12.83%
Invesco India Large & Mid Cap Fund Direct Growth Plan	10.59%	23.62%	17.77%

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

On the recent 1-year measure, the fund trails every peer listed here, while some peers have delivered double-digit gains over the same period. That gap is important because it shows the fund has had a much softer short-term outcome than the stronger comparators in this group.

The longer-term picture is less weak, but still not leading. The 3-year and 5-year returns are ahead of some peers in the table, yet they remain below the stronger longer-term figures delivered by a few other funds. In our view, that creates a split story: the fund has been steadier than its weakest short-term showing suggests, but it has not matched the stronger compounding seen elsewhere over the same horizons.

That difference between short-term and longer-term behaviour matters. Investors focused only on the last year would see a soft outcome, while investors looking across 3 to 5 years would see a more usable equity track record, though not one that stands out across the full peer set.

Source data date: as of 03 Sep 2026

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, is 6.19% of the portfolio, so it is meaningful but not overwhelming on its own. The weight then eases down gradually, with the tenth holding still at 2.64%, which tells us the fund does not rely on one or two oversized positions to shape the whole portfolio.

The top ten holdings together account for approximately 36.86% of the portfolio, which leaves a substantial remainder spread across the other disclosed positions. With 57 holdings in total, the portfolio appears to be built with a longer tail rather than a very narrow core. That structure may reduce the influence of any single position, although the largest names can still matter because they sit close to the top of the list.

In our view, the mix of banks, financials, autos, hospitality and consumer names suggests a diversified large-and-mid-cap style rather than a single-theme bet. The exposure is still concentrated enough for the leading positions to matter, but the spread across 57 holdings indicates the fund is not positioned as an extremely concentrated portfolio.

To see all holdings, visit the Canara Rob Large and Mid Cap Fund Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This fund is better suited to investors who can tolerate High Risk equity swings and stay invested for at least a medium to long horizon. The 1-year return is subdued, but the 3-year and 5-year numbers are much more constructive, and that pattern points to a fund that needs time for its longer-term case to play out.

The benchmark comparison is useful here: the fund has been ahead of the benchmark across the periods shown, which improves its case for investors who want active equity exposure rather than simple index-like behaviour. The trade-off is that short-term outcomes can still be uneven, so this is not a fund for investors who need smooth performance or low volatility.

Because the portfolio is spread across 57 holdings and includes banks, financials and autos among the larger names, it may appeal to investors who want diversified large-and-mid-cap exposure without an extreme concentration in a single stock. The key requirement is patience: the fund seems more comfortable as a hold-through-cycles position than as 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% 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 Large and Mid Cap Fund Direct Growth Plan?
Its current NAV is ₹300.12 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 0.69% over 1 year, 13.6% over 3 years and 11.24% over 5 years.

How does the fund compare with its benchmark?
It has stayed ahead of the benchmark across the periods shown here, including 1 year, 3 years and 5 years. The 1-year benchmark return is -4.4%, while the fund’s 1-year return is 0.69%.

How does it compare with peer funds on recent performance?
Its 1-year return is weaker than the peer funds listed here, but its 3-year and 5-year numbers are still competitive versus some peers. The short-term and longer-term comparisons tell different stories.

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% on or before 1 year and nil after 1 year.

Bottom line

This fund’s short-term performance has been softer than its longer-term record, but the 3-year and 5-year outcomes still point to a fund that has stayed ahead of the benchmark over time. Against the peer set shown here, the recent return is weaker, while the medium- and longer-term numbers remain more workable. The portfolio is spread across 57 holdings, with the top names influential but not dominant, which supports a diversified large-and-mid-cap profile. For investors who can accept High Risk and wait through uneven periods, it may deserve attention as a patient equity allocation.

Published on 4 September 2026 at 2:15 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.