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 NAV of ₹302.27 as of 28 Aug 2026 and a scheme AUM of ₹26,062 Cr. Its 1-year, 3-year and 5-year returns are 3.64%, 14.39% and 12.45%, respectively, and the scheme sits in the High Risk category.

Our view is that this is a growth-oriented large-and-mid-cap fund with a meaningful mid-cap tilt and a diversified stock mix across banking, retailing and automobile names. The recent 1-year result has been modest, but the longer track record is steadier, which makes the fund more relevant for investors who can accept equity volatility and are looking at a multi-year horizon.

Quick facts

Metric	Value
NAV	₹302.27 as of 28 Aug 2026
AUM	₹26,062 Cr
Expense Ratio	0.56%
Launch Date	01 Jan 2013
Min SIP	₹1000
Risk Category	High Risk
Benchmark	Nifty Mid Cap
Fund Category	Equity
Exit Load	1% on or before 1 year; nil after 1 year
Fund Managers	Amit Nadekar, Shridatta Bhandwaldar

The fund is managed by Amit Nadekar and Shridatta Bhandwaldar.

Source data date: as of 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	1.04%	-0.85%
3M	9.41%	3.39%
1Y	3.64%	-2.29%
3Y	14.39%	6.40%
5Y	12.45%	7.13%

The most recent stretch has been softer than the 3-year and 5-year history, but it is still better than the benchmark across every period shown. The 1-month and 3-month patterns point to a fund that has held up reasonably well over the short run, although not with the same strength as its medium-term record.

Over 3 years, the fund has compounded at 14.39%, which is clearly above the benchmark’s 6.40%. The 5-year figure of 12.45% also stays ahead of the benchmark’s 7.13%, so the longer pattern remains constructive even after the weaker 1-year outcome.

The time pattern suggests that the fund has not moved in a straight line. It has gone through periods of recovery and pullback, which is normal for a high-risk equity scheme, but the longer horizon has still rewarded patient investors better than the benchmark. That matters because short-term softness does not change the broader compounding picture.

In our view, the main takeaway is that recent momentum is modest, while the longer record is healthier. For investors who focus on a full market cycle rather than one-year noise, the 3-year and 5-year numbers carry more weight than the latest stretch.

Source data date: as of 28 Aug 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	3.6449%	14.3918%	12.4465%
Motilal Oswal Large & Midcap Fund Direct Growth Plan	17.6054%	24.1261%	20.3810%
Quant Large & Mid Cap Fund Direct Growth Plan	17.0238%	17.6075%	17.8251%
HSBC Large & Mid Cap Fund Direct Growth Plan	16.4232%	19.8019%	16.4202%
Sundaram Large and Mid Cap Fund Direct Growth Plan	15.0181%	16.9524%	13.9892%
Invesco India Large & Mid Cap Fund Direct Growth Plan	13.0178%	24.5005%	18.7987%

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

On a recent basis, the fund’s 1-year return trails the peer set we are comparing it against, while several peers have posted much stronger short-term numbers. The gap narrows on longer horizons, but the fund still sits below the better 3-year and 5-year peer figures available here.

That creates a split picture: the fund looks less compelling on recent performance, yet its mid-term and long-term returns remain positive and consistent enough to avoid a purely weak read. The peer comparison therefore suggests that it has participated in the category’s gains, but not as forcefully as the strongest names in the group.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

Market-cap distribution: large cap 53.04%, mid cap 34.70%, small cap 9.17%, other 3.10%.

Sector	Weight	Top holdings
BANK	21.65%	KOTAK MAHINDRA BANK LTD (8.20%), CITY UNION BANK LTD (6.32%)
AUTOMOBILE & ANCILLARIES	15.12%	WABCO INDIA LTD (7.79%), TVS MOTOR CO LTD (1.99%)
RETAILING	14.25%	TRENT LTD (12.02%), ETERNAL LTD (1.84%)
FINANCE	7.00%	MULTI COMMODITY EXCHANGE OF INDIA LTD (2.91%), BAJAJ FINANCE LTD (1.01%)
HEALTHCARE	6.79%	DR. LAL PATH LABS LTD (1.63%), MAX HEALTHCARE INSTITUTE LTD (1.07%)

The portfolio is tilted toward large caps, but the mid-cap allocation is still substantial enough to shape return behaviour over time. With 53.04% in large caps and 34.70% in mid caps, the scheme is not purely a mid-cap bet, even though its benchmark is Nifty Mid Cap.

Banking is the largest sector at 21.65%, and it is materially larger than the next sector weights in automobile and retailing. That means financials may have the greatest influence on near-term portfolio behaviour, especially because the banking bucket is supported by notable individual positions such as Kotak Mahindra Bank and City Union Bank.

The retailing and automobile exposures also matter because they are both sizeable and carry meaningful single-stock weights. Overall, the portfolio looks diversified across five sectors, but it is still concentrated enough in a few business areas that sector leadership could influence outcomes more than in a broadly spread multi-sector fund.

Source data date: as of 28 Aug 2026

Who should invest

This fund suits investors who are comfortable with High Risk equity exposure and can stay invested through uneven periods. The 1-year return has been modest, but the 3-year and 5-year numbers are stronger, which points to a fund that may work better for a multi-year horizon than for a short holding period.

It is better aligned with investors who want a large-and-mid-cap mix and who can accept that sector leadership and market swings may affect returns. The main trade-off is that the portfolio has the potential to participate in equity upside, but it can also move through periods where short-term results lag stronger 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% 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 Large and Mid Cap Fund Direct Growth Plan?
The current NAV is ₹302.27 as of 28 Aug 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 3.64% for 1 year, 14.39% for 3 years and 12.45% for 5 years.

How does the fund compare with its benchmark?
It has beaten the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The longer-gap is especially visible at 3 years and 5 years.

How does it compare with the peer funds listed here?
Its recent and longer-term returns are below several of the peer funds shown here, especially on the 1-year measure. The gap is smaller over longer periods, but the comparison still favours many peers on raw return numbers.

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 Amit Nadekar and Shridatta Bhandwaldar. The exit load is 1% on or before 1 year and nil after 1 year.

Bottom line

Canara Rob Large and Mid Cap Fund Direct Growth Plan has a mixed recent record but a better medium- and long-term pattern, with 3-year and 5-year returns that stay ahead of the benchmark. It looks less forceful than several peer funds on the return figures available here, yet the overall record is still respectable for a High Risk equity scheme. The portfolio’s large-cap base, mid-cap presence and banking-heavy tilt suggest a fund whose behaviour may be shaped significantly by a few sectors. It is most relevant for investors who can tolerate equity swings and focus on a multi-year horizon.

Published on 31 August 2026 at 2:01 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.