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

Canara Rob Multi Cap Fund Direct Growth Plan has a NAV of ₹15.9 as of 28 Aug 2026 and a scheme AUM of ₹5,750 Cr. Its 1-year, 3-year and 5-year returns are 8.0163%, 16.2374% and 0%, and the fund sits in the High Risk category. Our view is that this is a multi-cap fund for investors who can accept equity volatility in exchange for diversified market-cap exposure, but the recent return path has been uneven versus the benchmark.

The fund has a direct-growth structure, a minimum SIP of ₹1,000 and an expense ratio of 0.43%. With large-cap, mid-cap and small-cap exposure all present, it can behave differently from a plain large-cap scheme. That makes it more suitable for a longer horizon and for investors who want a broader equity mix rather than a narrow style bet.

Quick facts

Parameter	Details
NAV	₹15.9 as of 28 Aug 2026
AUM	₹5,750 Cr
Expense Ratio	0.43%
Launch Date	28 Jul 2023
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 365 days; nil after 365 days
Fund Managers	Shridatta Bhandwaldar; Vishal Mishra

The fund is managed by Shridatta Bhandwaldar and Vishal Mishra.

Source data date: as of 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	1.86%	-0.85%
3M	9.28%	3.39%
1Y	8.02%	-2.29%
3Y	16.24%	6.4%
5Y	Data not available	Data not available

The fund has stayed ahead of the benchmark across the visible 1-month, 3-month, 1-year and 3-year periods. The margin is especially clear over 1 year and 3 years, where the benchmark has been materially weaker. That tells us the scheme has added value relative to the reference index over these periods, even though the path has not been smooth.

The shorter-term series shows recovery after softer patches rather than a straight upward climb. That pattern matters because it suggests the fund has been able to bounce back, but not without interim dips. For an equity multi-cap strategy, this kind of movement is normal, yet it still requires patience from investors who may judge performance only over a few months.

Over 3 years, the fund’s compounding has been stronger than the benchmark’s, which supports the idea that the portfolio has done more than simply track the market. At the same time, the 5-year figure is not available, so we do not have a long cycle to judge whether the recent improvement has been sustained through a full market stretch. For now, the evidence points to better recent and medium-term behaviour than the benchmark.

Source data date: as of 28 Aug 2026

Should you BUY or HOLD Canara Rob Multi 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 Multi Cap Fund Direct Growth Plan	8.0163%	16.2374%	Data not available
Groww Multicap Fund Direct Growth Plan	23.9196%	Data not available	Data not available
TRUSTMF Multi Cap Fund Direct Growth Plan	23.2932%	Data not available	Data not available
Mahindra Manulife Multi Cap Fund Direct Growth Plan	19.6863%	19.4718%	18.1674%
Bank of India Multi Cap Fund Direct Growth Plan	17.4035%	19.9511%	Data not available
ITI Multi Cap Fund Direct Growth Plan	17.2614%	19.1019%	16.1623%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year figures, the fund trails the stronger peer return readings by a wide margin, even though it remains ahead of the benchmark. The 3-year picture is also mixed: the fund’s 16.24% is below peers with available 3-year data, while still comfortably above the benchmark. The short-term and medium-term peer comparisons therefore tell different stories: the fund is competitive versus the benchmark, but less compelling versus several peers on the same return horizon.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

Market-cap distribution

Market cap	Allocation
Large Cap	43.77%
Mid Cap	26.93%
Small Cap	26.08%
Other Cap	3.23%

Top sectors and holdings

Sector	Weight	Top holdings
BANK	15.2%	HDFC BANK LTD (4.25%); ICICI BANK LTD (3.31%)
FINANCE	11.99%	MULTI COMMODITY EXCHANGE OF INDIA LTD (3.9%); HDFC ASSET MANAGEMENT COMPANY LTD (1.07%)
AUTOMOBILE & ANCILLARIES	8.04%	ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD (2.09%); MAHINDRA & MAHINDRA LTD (1.31%)
IT	7.25%	INFOSYS LTD (2.01%); PB FINTECH LTD (0.97%)
HEALTHCARE	7.11%	AJANTA PHARMA LTD (1.64%); DR. LAL PATH LABS LTD (1.05%)

The portfolio is genuinely multi-cap in structure, with 43.77% in large caps, 26.93% in mid caps and 26.08% in small caps. That mix means the fund is not anchored only to the most established companies, and it could behave with more ups and downs than a pure large-cap option.

Among sectors, bank exposure at 15.2% is larger than finance at 11.99%, but not by a huge gap. The next three sectors sit in a fairly tight cluster around 7% to 8%, so the portfolio does not look dominated by one narrow theme outside financials. That balance may help reduce overdependence on a single industry, while still leaving financials with the greatest influence on portfolio behaviour.

Because large caps still form the biggest single bucket, the fund is not purely a high-volatility small-cap vehicle. At the same time, the combined mid-cap and small-cap allocation is substantial, so the fund can still move more sharply than a more conservative equity scheme. Our view is that this mix supports a diversified growth-oriented approach rather than a defensive one.

Source data date: as of 28 Aug 2026

Who should invest

This fund is better suited to investors who are comfortable with High Risk equity exposure and can stay invested through uneven periods. The 1-year and 3-year numbers suggest the fund has delivered better results than the benchmark, but the shorter-term path has not been linear.

A longer investment horizon is important here because the portfolio mixes large-cap, mid-cap and small-cap stocks, and that blend can create more fluctuation than a plain large-cap fund. Investors who want a diversified multi-cap allocation and can tolerate some volatility may find the structure relevant.

The main trade-off is clear: you get broader equity participation and the chance to stay ahead of the benchmark, but you also accept stronger swings and weaker short-term relative positioning versus some peers. This is more suitable for investors who can focus on medium- to long-term outcomes rather than near-term consistency.

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 365 days; nil after 365 days.

Source data date: as of 28 Aug 2026

Frequently asked questions

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

The current NAV is ₹15.9 as of 28 Aug 2026.

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

The 1-year return is 8.0163%, the 3-year return is 16.2374%, and the 5-year return is Data not available.

How has the fund compared with the benchmark?

It has been ahead of the benchmark across the visible 1-month, 3-month, 1-year and 3-year periods. The gap is particularly noticeable over 1 year and 3 years.

How does it compare with other multi-cap funds on available return figures?

Its 1-year return is below several peer funds listed here, and its 3-year return is also lower than the peers with available 3-year figures. It still remains ahead of the benchmark over the same periods.

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 Shridatta Bhandwaldar and Vishal Mishra. The exit load is 1% on or before 365 days and nil after 365 days.

Bottom line

Canara Rob Multi Cap Fund Direct Growth Plan has shown a better recent and medium-term return profile than the benchmark, but its peer comparison is less persuasive on the available 1-year and 3-year figures. The fund carries High Risk, which fits its multi-cap structure and its meaningful mid-cap and small-cap allocation. Bank exposure is the largest sector weight, so financials are likely to have the biggest influence on the portfolio. Overall, it looks more suitable for investors who want diversified equity exposure and can remain patient through uneven stretches.

Published on 31 August 2026 at 2:03 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.