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

Canara Rob Multi Asset Allocation Fund Direct Growth Plan has a NAV of ₹11.33 as of 15 September 2026 and a scheme AUM of ₹1,411 Cr. Its 1-year, 3-year and 5-year returns are 9.05%, 0%, and 0%, and it sits in the High Risk category.

Our view is that this is a fund for investors who can tolerate uneven short-term moves and who want a multi-asset structure rather than a single-theme equity bet. The recent return profile is better than the benchmark over the same horizons, but the longer stated track record is still too short to draw a full cycle judgment.

Quick facts

Particular	Details
NAV	₹11.33 as of 15 Sep 2026
AUM	₹1,411 Cr
Expense Ratio	0.56%
Launch Date	30 May 2025
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	NIL upto 12% of units and 1% for remaining units on or before 365D, Nil after 365D
Fund Managers	Amit Kadam, Ennettee Fernandes, Bhupesh Kalyani, Avnish Jain

The fund is managed by Amit Kadam, Ennettee Fernandes, Bhupesh Kalyani, and Avnish Jain.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.33%	-4.81%
3M	2.53%	-3.63%
1Y	9.05%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent picture is constructive. The fund was mildly weak over 1 month, but it still held up better than the benchmark, and the 3-month return stayed positive while the benchmark remained negative. That kind of spread usually points to a portfolio that has absorbed volatility better than the reference index over the short run.

Over 1 year, the fund’s 9.05% return compares favourably with the benchmark’s -8.27%. That is a meaningful gap, and it suggests the strategy has done a better job of preserving and compounding capital through a difficult market backdrop.

The daily pattern also looks choppy rather than linear, with phases of recovery followed by give-back. That matters because it tells us the fund has not moved in a straight line, which is consistent with the High Risk label. Even so, the visible trend over 3 months and 1 year is stronger than the benchmark’s direction.

We cannot draw a full long-cycle conclusion from the available history, because the 3-year and 5-year figures are not available. Our view is that the fund currently looks stronger on recent relative performance than on long-term evidence depth.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Canara Rob Multi Asset Allocation?

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 Multi Asset Allocation Fund Direct Growth Plan	9.05%	Data not available	Data not available
360 ONE Multi Asset Allocation Fund Direct Growth Plan	18.8%	Data not available	Data not available
Quant Multi Asset Allocation Fund Direct Growth Plan	15.24%	21.31%	19.42%
Kotak Multi Asset Allocation Fund Direct Growth Plan	14.1%	Data not available	Data not available
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Plan	12.39%	Data not available	Data not available
Bandhan Multi Asset Allocation Fund Direct Growth Plan	12.25%	Data not available	Data not available

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

Against the peer set, the fund’s 1-year return is lower than each of the listed alternatives with available 1-year figures. That does not weaken the recent absolute result, but it does show that the fund has had a softer 12-month outcome than several comparable multi-asset funds.

The longer-horizon comparison is more limited because only one peer has available 3-year and 5-year figures, and those are materially higher than this fund’s currently unavailable long-term figures. So the peer view is mixed: recent performance has been respectable, but the available longer-run peer evidence favours the better-established track records.

That split matters for interpretation. The fund looks more competitive on recent behaviour than on the depth of its longer performance history, so the comparison is useful as a short-term relative check rather than a full-cycle verdict.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Nippon India ETF Gold Bees	Domestic Mutual Funds Units – Gold	14.87%
ICICI Bank Ltd	Bank	6.27%
HDFC Bank Ltd	Bank	4.22%
TREPS	Cash & Cash Equivalents and Net Assets	4%
Bharti Airtel Ltd	Telecom	3.73%
Eternal Ltd	Retailing	2.72%
Max Healthcare Institute Ltd	Healthcare	2.35%
Info Edge (India) Ltd	IT	2.19%
Reliance Industries Ltd	Crude Oil	2.15%
Bajaj Finance Ltd	Finance	2.1%

The top 10 holdings account for approximately 44.6% of the portfolio.

To see all holdings, visit the Canara Rob Multi Asset Allocation Fund Direct Growth Plan page

The largest holding, Nippon India ETF Gold Bees, carries a 14.87% weight, which is sizable on its own and likely to have greater influence on near-term portfolio behaviour than any other single position. The next positions fall to 6.27% and 4.22%, so the allocation drops sharply after the top holding rather than staying clustered at similar weights.

By the tenth holding, weight has eased to 2.1%. That pattern suggests the disclosed book is not dominated by one or two oversized lines, but it is still clearly tilted toward a few larger positions at the top, with the rest distributed more modestly.

Because the top 10 together account for 44.6% of the portfolio and the fund discloses 48 holdings in total, the visible allocation appears moderately spread out with a longer tail beneath the largest names. Our view is that this mix may reduce dependence on a single equity theme, while still leaving the largest positions important for returns.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk and can stay invested long enough to ride through uneven short-term moves. The available performance pattern shows a better recent run than the benchmark, but the longer record is not fully built out yet, so patience matters.

It may appeal to investors who want multi-asset exposure and who prefer a portfolio that is not concentrated in just one or two large equity holdings. The trade-off is that the ride may still be choppy, especially because the fund has already shown short-term dips even while holding up better than 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: NIL upto 12% of units and 1% for remaining units on or before 365D, Nil after 365D.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Canara Rob Multi Asset Allocation Fund Direct Growth Plan?

The current NAV is ₹11.33 as of 15 September 2026.

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

The fund’s 1-year return is 9.05%, while the 3-year and 5-year returns are Data not available.

How has the fund performed versus the benchmark?

It has done better than the benchmark across the available short-term and 1-year periods. The 1-year return is 9.05% versus -8.27% for the benchmark.

How does it compare with peer funds on 1-year performance?

Its 1-year return is below the listed peer funds with available 1-year figures, which range from 12.25% to 18.8% among the peer set shown here.

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 Kadam, Ennettee Fernandes, Bhupesh Kalyani, and Avnish Jain. The exit load is NIL upto 12% of units and 1% for remaining units on or before 365D, with nil after 365D.

Bottom line

Canara Rob Multi Asset Allocation Fund Direct Growth Plan has shown a better recent return pattern than its benchmark, but its longer-term history is still incomplete. Against the listed peer funds, the available 1-year figure is softer, while the portfolio shows a meaningful gold allocation and a spread of equity holdings that may help diversify sources of return. It looks best suited to investors who can accept High Risk and who want a multi-asset approach with room for short-term variation.

Published on 16 September 2026 at 4:48 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.