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

Canara Rob Ultra Short to Short Term Fund Direct Growth Plan has a NAV of ₹46.682 as of 03 Sep 2026 and scheme AUM of ₹1,110 Cr. Its 1-year, 3-year and 5-year returns are 6.48%, 7.27% and 6.42%, and it sits in the Balanced Risk category. Our view is that it has been steady rather than flashy, with returns that are close to its long-run pace and a portfolio built around debt and money-market style holdings.

That profile may suit investors who want a debt fund with moderate movement rather than a sharp market-linked swing. The benchmark behaviour has been weaker over the same horizons, so the fund’s own stability is an important part of the story.

Quick facts

Particular	Details
NAV	₹46.682 as of 03 Sep 2026
AUM	₹1,110 Cr
Expense Ratio	0.21%
Launch Date	01 Jan 2013
Min SIP	₹1,000
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	0.61%	-3.01%
3M	2.21%	1.95%
1Y	6.48%	-4.4%
3Y	7.27%	5.74%
5Y	6.42%	6.27%

The near-term pattern is better than the benchmark, especially over 1 month and 1 year, where the benchmark has been negative while the fund stayed positive. That tells us the fund has held up well in a softer market backdrop and has not been as exposed to the same drawdown pattern as the index over the latest one-year window.

Over 3 months, the fund is also ahead of the benchmark, although the gap is smaller. The 1-year series suggests some ups and downs along the way, but the path still ends with a positive return that looks more resilient than the benchmark’s behaviour over the same period.

Longer term, the picture is steadier. The 3-year return is above the benchmark and the 5-year return is slightly ahead, which indicates that the fund has compounded at a pace that is broadly in line with its longer-run pattern. In our view, that mix of modest outperformance and relatively controlled movement matters more than any single short-term move for a debt fund of this kind.

Overall, recent behaviour has been stronger than the benchmark, while the 3-year and 5-year numbers show a more measured edge rather than a dramatic lead. That is consistent with a fund that aims for stability first and only modestly higher accrual-style returns second.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Canara Rob Ultra Short to 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Canara Rob Ultra Short to Short Term Fund Direct Growth Plan	6.48%	7.27%	6.42%
Nippon India Ultra Short to Short Term Fund Direct Growth Plan	6.64%	7.51%	6.74%
Nippon India Ultra Short to Short Term Fund(B)-Direct Plan	6.64%	7.51%	6.74%
Franklin India Ultra Short to Short Term Fund Direct Growth Plan	6.64%	Data not available	Data not available
Baroda BNP Paribas Ultra Short to Short Term Fund Direct Growth Plan	6.61%	7.43%	6.59%
Mirae Asset Ultra Short to Short Term Fund Direct Growth Plan	6.61%	7.51%	6.60%

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

The fund’s recent 1-year return is slightly behind the leading peer figures shown here, but the difference is small. Over 3 years and 5 years, it also trails the strongest peer numbers in this group, yet the gap is still measured rather than wide.

What stands out is that the short-term and longer-term stories point in the same direction: the fund is competitive, but not the strongest on the available return set. For investors, that means the comparison is less about chasing the highest figure and more about deciding whether the fund’s steadier profile is worth accepting a modest return gap versus a few peers.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
7.05% Kotak Mahindra Prime Ltd (10/04/2028) **	Corporate Debt	6.66%
Small Industries Development Bank of India (04/02/2027) ** #	Certificate of Deposit	6.38%
7.66% Bajaj Housing Finance Ltd (20/03/2028) **	Corporate Debt	4.49%
6.90% LIC Housing Finance Ltd (17/09/2027) **	Corporate Debt	4.47%
7.3763% Bajaj Finance Ltd 26-Jun-28	Corporate Debt	4.45%
Punjab National Bank (04/02/2027) ** #	Certificate of Deposit	4.37%
ICICI Bank Ltd (08/03/2027) ** #	Certificate of Deposit	4.35%
Punjab National Bank (18/03/2027) ** #	Certificate of Deposit	4.34%
Union Bank of India (15/03/2027) ** #	Certificate of Deposit	4.34%
Indian Bank (15/06/2027) ** #	Certificate of Deposit	4.26%

The top 10 holdings account for approximately 48.11% of the portfolio.

To see all holdings, visit the Canara Rob Ultra Short to Short Term Fund Direct Growth Plan page

The largest holding is 6.66%, so no single position dominates the portfolio on its own. The gap from the largest holding to the tenth holding is modest, with the final row at 4.26%, which suggests the core holdings are fairly tightly grouped.

At the same time, the displayed holdings together account for 48.11% of the portfolio, leaving meaningful room for a longer tail across the remaining disclosed positions. With 34 holdings in total, the fund may be spread across several issuers rather than relying on just a handful of bets.

In our view, that structure could help keep any one line item from carrying too much influence, while still leaving the portfolio anchored by a set of mid-sized debt and CD exposures.

Source data date: as of 03 Sep 2026

Who should invest

This fund may suit investors who are comfortable with a Balanced Risk profile and want a debt allocation that has been more stable than the benchmark over recent periods. The 1-year return has been stronger than the benchmark, while the 3-year and 5-year figures remain in a similar steady band rather than showing a sharp spike.

The main trade-off is that the fund offers moderate return behaviour, not a high-growth profile. Investors with a medium- to longer-term horizon who value controlled movement, a sizeable allocation to debt instruments and issuers, and a return path that has stayed relatively consistent may find that balance more relevant than headline upside.

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 to Short Term Fund Direct Growth Plan?

The current NAV is ₹46.682 as of 03 Sep 2026.

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

The fund’s 1-year return is 6.48%, the 3-year return is 7.27% and the 5-year return is 6.42%.

How has the fund done versus the benchmark?

It has been ahead of the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The gap is most visible in the 1-year period, where the benchmark return is negative while the fund remains positive.

How does it compare with peer funds on returns?

Its recent and longer-term returns are competitive, but a few peers show slightly higher 1-year, 3-year and 5-year figures. The difference is modest rather than large.

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 Bhupesh Kalyani and Avnish Jain. There is no exit load after the holding period.

Bottom line

Canara Rob Ultra Short to Short Term Fund Direct Growth Plan has combined a steadier recent run with a longer-term return profile that stays broadly consistent. It has been ahead of the benchmark across the periods shown, while a few peers have slightly better return numbers on the same horizon set. The portfolio is built around debt and CD exposures, and the largest holdings are not overly dominant on their own. For investors who want a Balanced Risk debt fund with measured movement, that mix is the key point.

Published on 4 September 2026 at 2:34 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.