Canara Robeco Ultra Short Term Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026

Canara Robeco Ultra Short Term Fund is a ultra short duration fund offered by Canara Robeco Mutual Fund, available in Direct and Regular Plans across Daily IDCW, Weekly IDCW, Monthly IDCW, Growth and 1 more. The scheme aims to generate income by investing in debt and money market instruments such that the Macaulay duration of the portfolio stays between 3 months and 6 months. With multiple variants, Canara Robeco Ultra Short Term Fund lets investors choose between different cost structures and payout approaches within the same base scheme.

This article reviews Canara Robeco Ultra Short Term Fund across all its available plans and options, covering the latest NAV, expense ratio, portfolio approach, performance, exit load and investor suitability, based on publicly available data as of August 2026.

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Canara Robeco Ultra Short Term Fund Plans and Options Available

Canara Robeco Ultra Short Term Fund is offered across 10 scheme codes. The table below lists all available variants with ISIN codes and latest NAV figures.

Scheme Code	Plan	Option	ISIN (Growth / Payout)	ISIN (Reinvestment)	NAV (Rs)	NAV Date
118315	Direct Plan	Daily IDCW	-	INF760K01GL3	1240.71	20-Jul-2026
118316	Direct Plan	Weekly IDCW	INF760K01GQ2	INF760K01GR0	1242.1016	20-Jul-2026
118318	Direct Plan	Monthly IDCW	INF760K01GP4	INF760K01GO7	1005.0814	20-Jul-2026
118317	Direct Plan	Growth	INF760K01GM1	-	4315.3592	20-Jul-2026
118319	Direct Plan	IDCW	INF760K01GN9	-	2296.8406	20-Jul-2026
109372	Regular Plan	Daily IDCW	-	INF760K01DA3	1240.71	20-Jul-2026
109366	Regular Plan	Weekly IDCW	INF760K01DE5	INF760K01DF2	1242.0048	20-Jul-2026
109370	Regular Plan	Monthly IDCW	INF760K01CA5	INF760K01DD7	1004.6737	20-Jul-2026
109371	Regular Plan	Growth	INF760K01DC9	-	4031.9388	20-Jul-2026
140530	Regular Plan	IDCW	INF760K01IL9	-	1540.5078	20-Jul-2026

Investment Objective and Portfolio Approach

Canara Robeco Ultra Short Term Fund seeks to generate income by investing in debt and money market instruments such that the Macaulay duration of the portfolio stays between 3 months and 6 months.

In terms of portfolio construction, the scheme holds a diversified basket of money market and short term debt instruments targeting a Macaulay duration of 3 to 6 months.

Canara Robeco Ultra Short Term Fund Performance and Returns

Canara Robeco Ultra Short Term Fund has delivered returns that are dependent on the fund manager's portfolio decisions, market conditions and the expense ratio differential between plans; investors should check the latest factsheet for current figures. Performance across individual plans and options may vary slightly due to differing expense ratios and whether gains are paid out under the IDCW option or reinvested under the Growth option.

The Direct Plan of any mutual fund typically delivers a slightly higher return than the Regular Plan of the same scheme over time, since it charges a lower expense ratio by excluding distributor commission. Investors should review the latest scheme factsheet from the AMC for current performance figures.

Direct Plan vs Regular Plan: Key Differences in Canara Robeco Ultra Short Term Fund

The Direct Plan of Canara Robeco Ultra Short Term Fund is available for investors transacting directly with the AMC or through a registered investment advisor, and carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener.

Over longer holding periods, the compounding effect of this cost difference can be meaningful, which is why cost conscious investors often prefer the Direct Plan when they are comfortable transacting without distributor support.

Growth Option vs IDCW Option in Canara Robeco Ultra Short Term Fund

The Growth option of Canara Robeco Ultra Short Term Fund reinvests any gains back into the scheme NAV, supporting long term wealth compounding for investors who do not need periodic payouts.

The IDCW option of Canara Robeco Ultra Short Term Fund distributes available surplus to unit holders according to the chosen frequency, subject to the fund house declaring a distribution. Payouts under any IDCW option are not guaranteed and depend on distributable surplus.

Expense Ratio and Exit Load

The expense ratio for the Regular Plan of Canara Robeco Ultra Short Term Fund is not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, while the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. This is the annual fee deducted from the scheme's assets.

The exit load on Canara Robeco Ultra Short Term Fund is typically Nil or a very small exit load for redemptions within a few days; investors should confirm in the scheme information document.

Who Should Consider Canara Robeco Ultra Short Term Fund

Conservative income seekers. Canara Robeco Ultra Short Term Fund suits investors looking for stable income with lower volatility than equity funds.

Medium term investors. A holding period matching the scheme's duration target is generally advisable for Canara Robeco Ultra Short Term Fund.

Investors stepping down risk. The scheme can be suitable for investors shifting from equity to debt as they approach a financial goal.

Key Risks in the scheme

Interest rate risk. The NAV of the scheme is sensitive to changes in interest rates and benchmark yields.

Credit risk. Debt holdings carry issuer credit risk, and any downgrade or default in the portfolio can affect NAV.

Reinvestment risk. Maturing bonds may need to be reinvested at lower yields in a falling interest rate environment.

How to Invest in Canara Robeco Ultra Short Term Fund

Investors evaluating Canara Robeco Ultra Short Term Fund should begin by deciding between the Direct and Regular Plan, and between the Growth option for long term compounding and the IDCW option for periodic payouts.

Completing KYC through a SEBI registered intermediary or the AMC portal is mandatory before investing for the first time. Investors who have existing KYC registration can proceed directly.

Investment in Canara Robeco Ultra Short Term Fund can be made as a lump sum or through a Systematic Investment Plan of at least Rs 500 to Rs 1,000 lump sum; SIP amounts vary by AMC, followed by regular monitoring of NAV and portfolio composition at least quarterly.

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Conclusion

Canara Robeco Ultra Short Term Fund is a ultra short duration fund scheme from Canara Robeco Mutual Fund available across 10 plan and option variants, giving investors flexibility in cost structure and payout approach. The representative NAV of Rs 4315.3592 for the Direct Plan Growth option as on 20-Jul-2026 reflects the scheme's performance since launch. Investors should review the latest scheme information document and consult a SEBI registered advisor before investing.

Frequently Asked Questions on Canara Robeco Ultra Short Term Fund

What plans and options are available in Canara Robeco Ultra Short Term Fund?

Ans. Canara Robeco Ultra Short Term Fund is available in Direct and Regular Plans and Daily IDCW, Weekly IDCW, Monthly IDCW, Growth and 1 more, giving investors 10 scheme codes to choose from depending on cost preference and payout requirements.

What is the latest NAV of Canara Robeco Ultra Short Term Fund?

Ans. The latest NAV of the Direct Plan Growth option of Canara Robeco Ultra Short Term Fund is Rs 4315.3592 as on 20-Jul-2026. NAVs for all plan and option variants are updated at the end of every business day.

What is the investment objective of Canara Robeco Ultra Short Term Fund?

Ans. The primary objective of Canara Robeco Ultra Short Term Fund is to generate income by investing in debt and money market instruments such that the Macaulay duration of the portfolio stays between 3 months and 6 months.

What is the difference between the Direct and Regular Plan in Canara Robeco Ultra Short Term Fund?

Ans. The Direct Plan of Canara Robeco Ultra Short Term Fund carries lower than the Regular Plan of the same scheme, since it excludes distributor commission, excluding distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener. The lower cost of the Direct Plan can improve long term compounding.

What is the expense ratio of Canara Robeco Ultra Short Term Fund?

Ans. The Regular Plan of Canara Robeco Ultra Short Term Fund carries an expense ratio of not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, and the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The exact current figure can be confirmed in the latest AMC factsheet.

What is the exit load on Canara Robeco Ultra Short Term Fund?

Ans. The exit load on Canara Robeco Ultra Short Term Fund is typically Nil or a very small exit load for redemptions within a few days; investors should confirm in the scheme information document. Investors should confirm this in the current scheme information document before redeeming.

Who should invest in Canara Robeco Ultra Short Term Fund?

Ans. Canara Robeco Ultra Short Term Fund can suit investors whose financial goals, risk appetite and investment horizon align with the ultra short duration fund category. Consult a SEBI registered advisor to assess personal suitability.

Is Canara Robeco Ultra Short Term Fund a good investment?

Ans. Canara Robeco Ultra Short Term Fund can be appropriate for investors who understand the ultra short duration fund category mandate and are comfortable with the associated risk. Past performance does not guarantee future returns.