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

Canara Rob Ultra Short Term Fund Direct Growth Plan has a NAV of ₹4,357.9646 as of 03 Sep 2026 and an AUM of ₹581 Cr. Its 1-year, 3-year and 5-year returns are 6.64%, 7.09% and 6.29%, and the scheme sits in the Balanced Risk category.

Our view is that this is a steady debt option rather than a high-octane return seeker. The return pattern is reasonably consistent across 1, 3 and 5 years, while the portfolio leans on short-duration debt instruments and cash equivalents, which supports stability more than sharp upside.

Quick facts

Particular	Details
NAV	₹4,357.9646 as of 03 Sep 2026
AUM	₹581 Cr
Expense Ratio	0.33%
Launch Date	01 Jan 2013
Min SIP	₹500
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load after holding period
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	0.65%	-3.01%
3M	2.06%	1.95%
1Y	6.64%	-4.4%
3Y	7.09%	5.74%
5Y	6.29%	6.27%

The near-term profile is better than the benchmark over 1 month and 1 year, although the 3-month gap is small. That matters because debt funds often move in modest steps, and this scheme has still managed to stay positive in periods where the benchmark was weak.

The 1-year figure is the cleanest sign of relative strength in the current cycle. The benchmark is negative over the same period, while the fund remains comfortably positive, which suggests the scheme has handled recent conditions better than the reference index.

The longer view is more measured. The 3-year return is higher than the 5-year return, and the 5-year figure is close to the benchmark, so the fund has not shown a dramatic long-run outperformance profile. Our reading is that the scheme has delivered steadier compounding than standout acceleration.

That pattern is consistent with the time profile of the portfolio. The fund appears to have been resilient rather than volatile, with the more recent stretch looking firmer than the benchmark while the longer horizon still points to controlled, moderate compounding.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Canara Rob Ultra Short Term?

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.

Already holding Canara Rob Ultra Short Term? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Canara Rob Ultra Short Term Fund Direct Growth Plan	6.64%	7.09%	6.29%
Nippon India Ultra Short Term Fund Direct Growth Plan	7.07%	7.61%	6.97%
Axis Ultra Short Term Fund Direct Growth Plan	6.86%	7.47%	6.75%
Invesco India Ultra Short Term Fund Direct Growth Plan	6.85%	7.38%	6.6%
DSP Ultra Short Term Fund Direct Growth Plan	6.82%	7.46%	6.64%
Mirae Asset Ultra Short-Term Fund Direct Growth Plan	6.81%	7.46%	6.67%

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

On the 1-year measure, the fund trails the stronger peer figures but still stays in the same narrow return band as the group. That tells us the scheme has been competitive, though not the most aggressive on short-term gains.

The 3-year and 5-year numbers are also respectable, but several peers edge ahead on both measures. The gap is not extreme, yet it suggests the fund has been more measured than the better-returning comparables over medium and long horizons.

Short-term and longer-term comparisons tell a similar story: the fund is consistent, but peer funds have generally been a little stronger on returns. That creates a clear trade-off between steadier behaviour and slightly higher peer return levels.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	5.84%
Small Industries Development Bank of India (04/02/2027) ** #	Certificate of Deposit	4.51%
7.83% Indian Railway Finance Corporation Ltd (19/03/2027) **	Corporate Debt	4.32%
8.03% Aditya Birla Housing Finance Ltd (15/03/2027) **	Corporate Debt	4.31%
8.0409% Tata Cap HSG Fin Ltd 19-Mar-27 **	Corporate Debt	4.31%
8.30% Tata Capital Ltd (16/03/2027)	Corporate Debt	4.31%
8.1350% Kotak Mahindra Prime Ltd 10-Feb-27 **	Corporate Debt	4.3%
Axis Bank Ltd (07/12/2026) ** #	Certificate of Deposit	4.22%
Axis Bank Ltd (16/12/2026) ** #	Certificate of Deposit	4.22%
Kotak Mahindra Bank Ltd (21/12/2026) #	Certificate of Deposit	4.21%

The largest disclosed holding is TREPS at 5.84%, which is not especially large for a top position in a debt fund. That suggests the portfolio does not depend heavily on a single holding for day-to-day movement.

The weight gap from the first holding to the tenth is modest, with the tenth holding still at 4.21%. The top positions are therefore clustered fairly tightly, which may help keep returns smoother because no single holding dominates the visible part of the portfolio.

The top 10 holdings account for approximately 44.55% of the portfolio, and the scheme discloses 27 holdings in total. That combination points to a spread across a longer tail of positions, even though the disclosed largest names remain close together in size. To see all holdings, visit the Canara Rob Ultra Short Term Fund Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This scheme suits investors who are comfortable with debt-fund volatility and want a relatively measured return pattern rather than sharp upside. The Balanced Risk label and the portfolio’s mix of cash equivalents, certificates of deposit and corporate debt make it more suitable for people who value steadier behaviour.

The stronger 1-year result versus the benchmark, combined with decent 3-year and 5-year compounding, makes it more suitable for an investment horizon that is long enough to smooth out short-term noise. The main trade-off is that the fund may offer stability and consistency, but peer funds have generally shown a little more return strength over the same horizons.

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: No exit load after holding period.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Canara Rob Ultra Short Term Fund Direct Growth Plan?
Its NAV is ₹4,357.9646 as of 03 Sep 2026.

What are the 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 6.64%, 7.09% and 6.29%.

How has it performed against the benchmark?
It has outperformed the benchmark over 1 month, 3 months, 1 year, 3 years and 5 years based on the available return figures. The 1-year gap is especially notable because the benchmark is negative while the fund remains positive.

How does it compare with peer funds on returns?
It is a little behind several peer funds on 1-year, 3-year and 5-year returns, but it remains within a tight return band. That makes the comparison one of modest underperformance rather than a wide gap.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?
The fund is managed by Bhupesh Kalyani and Avnish Jain. The exit load is stated as no exit load after the holding period.

Bottom line

This fund’s recent return profile is a little stronger than its benchmark, while the longer-term picture is steadier rather than exceptional. In peer comparisons, it sits in the same narrow return range but generally lags the stronger comparables by a small margin. The risk profile is measured, and the portfolio is built around short-duration debt instruments, certificates of deposit and cash equivalents. That mix may appeal to investors seeking consistency first, with moderate compounding and limited reliance on any single holding.

Published on 4 September 2026 at 3:06 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.