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 ₹15.32 as of 17 Sep 2026 and an AUM of ₹5,951 Cr. Its 1-year, 3-year and 5-year returns are 0.13%, 13.62% and 0% respectively. The fund sits in the High Risk bucket, and our view is that it has shown better medium-term resilience than its recent 1-year number suggests, but the short record still calls for a measured horizon.

With a low expense ratio and a portfolio led by banks, telecom, healthcare and technology names, it looks like a diversified multi-cap strategy rather than a narrow thematic bet. The recent return profile is weak, but the 3-year result is far more constructive, so the fund may suit investors who can tolerate volatility and are willing to stay invested long enough for the multi-cap mix to play out.

Quick facts

Particular	Details
NAV	₹15.32 as of 17 Sep 2026
AUM	₹5,951 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 365D, Nil after 365D
Fund Managers	Shridatta Bhandwaldar, Vishal Mishra

The fund is managed by Shridatta Bhandwaldar and Vishal Mishra.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.53%	-3.66%
3M	0.72%	-3.71%
1Y	0.13%	-7.13%
3Y	13.62%	5.82%
5Y	Data not available	Data not available

The recent 1-month stretch was soft, but the fund still did slightly better than the benchmark over the same period. That matters because the 1-month and 1-year figures both point to a phase where returns have been subdued, even though the benchmark has been weaker in absolute terms.

The 3-month trend is more encouraging. The fund stayed positive while the benchmark remained negative, which suggests the portfolio had some ability to absorb short-term pressure and still hold gains. This is important for a multi-cap scheme, because the mix across banks, telecom, healthcare, IT and infrastructure can behave differently from the broad index in choppy markets.

The longer view is stronger. The 3-year return of 13.62% is well ahead of the benchmark’s 5.82%, so the medium-term pattern is clearly better than the recent one-year reading. We would read that as a fund that has created value over a longer stretch, but not in a straight line. The current 1-year return of 0.13% shows that investors have still had to live with a flatter period recently.

On balance, the fund’s behaviour is mixed rather than consistently strong. It has outpaced the benchmark across the 3-year horizon and in the shorter 3-month window, but the latest 1-year return remains close to flat. For investors, that usually means the upside case depends more on patience than on near-term momentum.

Source data date: as of 17 Sep 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	0.13%	13.62%	Data not available
Groww Multicap Fund Direct Growth Plan	14.94%	Data not available	Data not available
TRUSTMF Multi Cap Fund Direct Growth Plan	14.56%	Data not available	Data not available
Mahindra Manulife Multi Cap Fund Direct Growth Plan	11.14%	16.6%	15.58%
Bank of India Multi Cap Fund Direct Growth Plan	10.47%	16.74%	Data not available
ITI Multi Cap Fund Direct Growth Plan	9.07%	15.96%	13.64%

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 far behind the stronger recent numbers from Groww Multicap Fund Direct Growth Plan and TRUSTMF Multi Cap Fund Direct Growth Plan. That tells us the recent stretch has been weaker than the best short-term outcomes among similar funds.

The picture improves on the 3-year frame. At 13.62%, the fund is ahead of the available 3-year figures for some peers that have published longer histories only in the mid-teens, but it still trails Mahindra Manulife Multi Cap Fund Direct Growth Plan and Bank of India Multi Cap Fund Direct Growth Plan on that horizon. The 5-year comparison is limited because only a couple of peers have that figure available, and the current fund does not yet show one.

So the peer story is split: recent performance is soft, while the 3-year record is respectable. For us, that means the fund is not carrying the strongest short-term momentum in the peer group, but its medium-term result is still good enough to keep it relevant for investors focused on a longer holding period.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
HDFC Bank Ltd	Bank	4.05%
ICICI Bank Ltd	Bank	3.70%
TREPS	Cash & Cash Equivalents and Net Assets	2.68%
Bharti Airtel Ltd	Telecom	2.28%
Eternal Ltd	Retailing	2.28%
State Bank of India	Bank	2.08%
Ajanta Pharma Ltd	Healthcare	1.97%
Infosys Ltd	IT	1.87%
Tbo Tek Ltd	Hospitality	1.85%
Larsen & Toubro Ltd	Infrastructure	1.83%

The largest holding, HDFC Bank Ltd, is 4.05%, which is meaningful but not overpowering on its own. The tenth holding, Larsen & Toubro Ltd at 1.83%, is noticeably smaller, so the visible list shows a gradual spread rather than a sharp concentration in just one or two names.

The top 10 holdings account for approximately 24.59% of the portfolio, while the full disclosed list contains 83 holdings. That combination suggests the fund may be built with a long tail of positions beyond the headline names, which can reduce dependence on any single stock even when the top holdings are still important.

We would read the structure as diversified across financials, telecom, healthcare, IT, infrastructure and cash equivalents. The large bank exposure at the top may contribute more to return behaviour than the smaller positions, but the overall spread indicates the portfolio is not narrowly concentrated in one area. To see all holdings, visit the Canara Rob Multi Cap Fund Direct Growth Plan page

Source data date: as of 17 Sep 2026

Who should invest

This fund may suit investors who are comfortable with High Risk and can hold through uneven short-term performance. The 1-year return is close to flat, but the 3-year return is much stronger, so the main appeal lies in giving the portfolio enough time to recover from weak stretches.

It fits better with a medium- to long-term horizon than with a short holding period. Investors who want some diversification across large, mid and smaller ideas within an equity framework may find the multi-cap structure useful, but they need to accept that recent performance can lag even when the longer trend is better.

The central trade-off is clear: the fund offers a diversified equity approach with a better medium-term record than its recent one-year number, but that comes with volatility and periods of muted returns.

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% if units are sold on or before 365 days; nil after 365 days.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Canara Rob Multi Cap Fund Direct Growth Plan?
The current NAV is ₹15.32 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 0.13%, the 3-year return is 13.62% and the 5-year return is Data not available.

How does the fund compare with its benchmark?
It has done better than the Nifty 50 over 3 years, but the recent 1-year return is much weaker than the benchmark’s broader longer-term context would suggest. Over 1 month and 3 months, it was slightly better than the benchmark.

How does it compare with peer funds on recent returns?
Its 1-year return is lower than the stronger recent figures from Groww Multicap Fund Direct Growth Plan and TRUSTMF Multi Cap Fund Direct Growth Plan. The 3-year return is still respectable, but it is not the strongest among peers with available longer-history numbers.

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% if units are sold on or before 365 days, and nil after 365 days.

Bottom line

Canara Rob Multi Cap Fund Direct Growth Plan has a mixed but usable return pattern: the recent 1-year number is weak, yet the 3-year return is clearly better and ahead of the benchmark. Against peers, it looks softer on the latest 1-year figure but still relevant on a medium-term basis. The High Risk profile, bank-heavy top holdings and broad multi-cap spread make it more appropriate for investors who can tolerate uneven phases and think beyond short-term swings.

Published on 18 September 2026 at 1:50 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.