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

Canara Rob Liquid Fund Direct Growth Plan currently has a NAV of ₹3400.697 as of 03 Sep 2026 and a scheme AUM of ₹6,783 Cr. Its 1-year, 3-year and 5-year returns are 6.5%, 6.98% and 6.33% respectively, and the risk category is Balanced Risk. Our view is that this looks like a liquid fund with steady long-run compounding and a fairly low expense ratio, but the short-term pattern is still mild rather than sharp.

That makes it more suitable for investors who want liquid-fund style stability with predictable portfolio construction than for those looking for strong near-term upside. The fund’s return profile has stayed close to the benchmark over longer periods, while the holdings are spread across treasury bills, CDs, commercial paper and cash-like instruments.

Quick facts

Particular	Details
NAV	₹3,400.697 as of 03 Sep 2026
AUM	₹6,783 Cr
Expense Ratio	0.08%
Launch Date	01 Jan 2013
Min SIP	₹1,000
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Liquid
Exit Load	0.007% for Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6, NIL on or after 7D
Fund Managers	Bhupesh Kalyani, Avnish Jain

The fund is managed by Bhupesh Kalyani and Avnish Jain.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.55%	-3.01%
3M	1.7%	1.95%
1Y	6.5%	-4.4%
3Y	6.98%	5.74%
5Y	6.33%	6.27%

Recent performance has been modest but stable. The fund has produced positive returns over 1 month, 3 months and 1 year, which suggests that the portfolio has remained resilient through short swings in the market.

The 1-year result is notably better than the benchmark’s negative 1-year figure, so the fund has clearly handled the most recent stretch more effectively. That said, the 3-month return is a little below the benchmark, which tells us the short window has not been uniformly stronger.

Over longer horizons, the picture is steadier. The 3-year return of 6.98% is ahead of the benchmark’s 5.74%, while the 5-year return of 6.33% is very close to the benchmark’s 6.27%, so this is not a fund built on dramatic outperformance.

The time pattern also points to a relatively smooth compounding path rather than sharp jumps. That is consistent with a liquid fund that prioritises preservation and gradual accrual, so the return profile looks more defensive than aggressive.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Canara Rob Liquid?

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 Liquid Fund Direct Growth Plan	6.5%	6.98%	6.33%
Axis Liquid Fund Direct Growth Plan	6.61%	7.03%	6.38%
Sundaram Liquid Fund Direct Growth Plan	6.61%	7.03%	6.37%
Aditya Birla SL Liquid Fund Direct Growth Plan	6.6%	7.03%	6.39%
JioBlackRock Liquid Fund Direct Growth Plan	6.6%	Data not available	Data not available
Edelweiss Liquid Fund Direct Growth Plan	6.58%	7.03%	6.37%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return is close to the leading peer figures, but it sits a little below the strongest names on the available 3-year and 5-year numbers. That means the comparison is mixed: short-term performance is competitive, while the longer-term picture is slightly softer than the better peer results. The peer set and this fund all look fairly close on returns, so the main difference is more about consistency than any wide performance gap.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	8.93%
91 DTB (08-Oct-2026)	Treasury Bills	4.4%
REC Ltd (23/11/2026) **	Commercial Paper	4.36%
Ultratech Cement Ltd (17/09/2026) **	Commercial Paper	3.68%
Kotak Securities Ltd (23/11/2026) **	Commercial Paper	3.63%
Punjab National Bank (15/09/2026) #	Certificate of Deposit	3.31%
ICICI Securities Ltd (16/09/2026) **	Commercial Paper	2.94%
Indian Bank (17/09/2026) ** #	Certificate of Deposit	2.94%
REC Ltd (21/09/2026) **	Commercial Paper	2.94%
Small Industries Development Bank of India (21/09/2026) **	Commercial Paper	2.94%

The largest holding is TREPS at 8.93%, which is a meaningful but not oversized share for a liquid fund. The drop from the first holding to the tenth is fairly shallow, with the tenth holding still at 2.94%, so the portfolio does not rely on one or two dominant positions.

The displayed ten holdings together account for about 40.07% of the portfolio, and the full set contains 50 disclosed holdings. That mix suggests a relatively broad tail beyond the top positions, which may help limit single-security dependence even though the top slice still carries the most visible weight.

Because the top holdings are spread across cash equivalents, treasury bills, CDs and commercial paper, the fund may have a more balanced short-duration credit and liquidity profile than a narrow one-theme approach. The mix is still concentrated enough in the top names to matter, but not so concentrated that one holding seems likely to dominate the overall behaviour.

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

Source data date: as of 03 Sep 2026

Who should invest

This fund suits investors who can accept a balanced-risk liquid-fund profile and want returns that tend to move in a measured way rather than in sharp bursts. The 1-year, 3-year and 5-year pattern shows steady compounding, and the benchmark comparison suggests the fund has generally kept pace or slightly improved on the longer window.

It is more appropriate for a short-to-medium horizon where liquidity and stability matter, especially if the investor prefers a portfolio built around treasury bills, CDs, commercial paper and cash-like instruments. The main trade-off is that the fund may not deliver standout upside, but it can offer a smoother path with relatively restrained volatility for this category.

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 applies on very short holding periods and then falls away quickly. The load is 0.007% for Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6, and nil on or after 7D.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Canara Rob Liquid Fund Direct Growth Plan?
The current NAV is ₹3400.697 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 6.5%, its 3-year return is 6.98% and its 5-year return is 6.33%.

How has it performed against the benchmark?
The fund has been ahead of the benchmark over 1 year and 3 years, while the 5-year return is very close to the benchmark.

How does it compare with peer liquid funds?
Its 1-year return is close to the stronger peer figures, while its 3-year and 5-year returns are a little below the better available peer numbers.

Is there a minimum SIP for this fund?
No minimum SIP is stated here.

Who manages the fund and what does the portfolio look like?
The fund is managed by Bhupesh Kalyani and Avnish Jain. The portfolio is led by TREPS, treasury bills, commercial paper and certificate-of-deposit holdings, and the exit load falls to nil on or after 7D.

Bottom line

Canara Rob Liquid Fund Direct Growth Plan has a steady return pattern rather than a dramatic one, with recent results holding up reasonably well and the longer-term record staying close to the benchmark. In peer comparison, the fund remains competitive on 1-year performance but sits a little behind the stronger available 3-year and 5-year figures. The portfolio is spread across cash-like and short-duration instruments, which supports its balanced-risk character and makes it more suited to investors who value liquidity, stability and modest compounding over fast upside.

Published on 4 September 2026 at 5:00 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.