March 28, 2026
RA Jainee
Canara Robeco Mid Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 16.54 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 15.23 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 1,000 |
| Min. No of Cheques | 6 |
| Benchmark | BSE 150 MidCap TRI |
| AUM Rs. | 4,199 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.62% |
| 1 Year Return (%) | 14.04 |
| 3 Year Return (%) | 20.23 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 16.50% |
⚖️ Sahifund Review – Canara Robeco Mid Cap Fund ✔
PLUS: Stability, track record, cost efficiency
Canara Robeco Mid Cap Fund has delivered strong early performance, with 14.04% 1-year return and 20.23% 3-year CAGR, broadly in line with benchmark and category averages. Despite being relatively new, it has shown decent consistency and benchmark outperformance in shorter time frames, which is encouraging. The expense ratio of 0.62% is competitive, making it a cost-efficient choice among active mid-cap funds. The portfolio is well-diversified across 58 stocks, with low top-10 concentration (~25%), reducing stock-specific risks. The allocation remains largely true to mid-cap category (~73%), ensuring relevant exposure for growth-focused investors. Backed by Canara Robeco Mutual Fund’s disciplined investment style, the fund is suitable for SIP-based long-term wealth creation in the mid-cap segment.
MINUS: Large AUM, large-cap bias, momentum lag
The fund is still relatively new (just over 3 years old), so its performance across full market cycles remains untested. While returns are decent, it lags top-performing peers like Nippon India and Edelweiss Mid Cap on key 3-year metrics. The 1-year performance is good but not category-leading, indicating moderate momentum. The portfolio carries a higher valuation profile (P/E ~35), which may limit upside if earnings growth does not keep pace. The turnover ratio of ~41% is moderate, suggesting some churn without strong alpha differentiation. Like all mid-cap funds, it is exposed to high volatility and potential sharp drawdowns, especially after strong market rallies.
Sahifund View (Decisive Line):
A promising and cost-efficient mid-cap fund, but due to limited track record and average peer positioning, it is best suited for gradual SIP allocation rather than aggressive lump sum investing.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Mid-cap funds are suitable for investors:
1. Seeking exposure in mid-cap stocks for high returns
2. Aiming for long-term wealth creation
3. With a 7+ year investment horizon
4. Who can withstand interim sharp declines in investment value
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The Scheme seeks to generate capital appreciation by investing predominantly in equity and equity related instruments of mid cap companies.
Fund Manager:
1) Pranav Gokhale
Education: Mr. Gokhale is a Chartered Accountant & holds M.Com degree.
Experience: Prior to joining Canara Robeco Mutual Fund, he has worked with Invesco Mutual Fund, IL&FS, ICICI Direct, Rosy Blue Securities Pvt. Ltd., and International Ship Repair LLC Fujairiah.
2) Shridatta Bhandwaldar
Education: Mr. Bhandwaldar is a BE (Mechanical) and MMS (Finance).
Experience: Prior to joining Canara Robeco Mutual Fund he was associated with SBI Pension Funds Pvt. Ltd. (Jul 2012-Jun 2016) as Head-Research, Heritage India Advisory Pvt. Ltd. (Oct 2009-Jun 2012) as Senior Equity Analyst, Motilal Oswal Securities (Jan 2008-Sep 2009) and MF Global Securities (Apr 2006-Dec 2008).
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of Canara Robeco Mid Cap Fund
| Fund House | Canara Robeco Mutual Fund |
| Launch Date | 02-Dec-22 |
| Return Since Launch | 16.50% |
| Benchmark | BSE 150 MidCap TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 4,199 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.62% |
| (As on 28-Feb-2026) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
| Turnover | 41.00% |
Trailing Returns (%) of Canara Robeco Mid Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco Mid Cap Dir | -8.58 | -0.12 | -7.55 | -7.66 | -10.22 | 14.04 | 20.23 | — | — | — |
| BSE 150 MidCap TRI | -9.88 | -0.42 | -8.35 | -8.61 | -9.05 | 10.06 | 20.98 | — | — | — |
| Equity: Mid Cap | -9.05 | -0.26 | -7.96 | -8.06 | -8.45 | 11.35 | 20.80 | — | — | — |
| Rank within category | 20 | 14 | 15 | 18 | 41 | 11 | 27 | — | — | — |
| Number of funds in category | 57 | 58 | 58 | 57 | 54 | 49 | 40 | 27 | 22 | 19 |
Peer Comparison of Canara Robeco Mid Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Canara Robeco Mid Cap Dir | 4 star | 14.04 | 20.23 | — | 0.62 | 4,199 | 16.50 | 1.00 (365) | 3Y 3M | 41.00 |
| HDFC Mid Cap Dir | 5 star | 14.93 | 24.17 | 20.82 | 0.76 | 94,257 | 19.85 | 1.00 (365) | 13Y 2M | 8.72 |
| Kotak Midcap Dir | 4 star | 14.51 | 20.56 | 18.19 | 0.38 | 61,694 | 19.42 | 1.00 (365) | 13Y 2M | 23.50 |
| Nippon India Growth Mid Cap Dir | 4 star | 16.52 | 25.34 | 20.92 | 0.72 | 43,983 | 17.74 | 1.00 (30) | 13Y 2M | 3.00 |
| Edelweiss Mid Cap Dir | 5 star | 15.21 | 25.58 | 20.66 | 0.46 | 14,355 | 20.81 | 1.00 (90) | 13Y 2M | 41.00 |
Portfolio Analysis of Canara Robeco Mid Cap Fund
| No. of Stocks | 58 |
| Top 10 Stocks | 25.41% |
| Top 5 Stocks | 13.66% |
| Top 3 Sectors | 58.43% |
| Portfolio P/B Ratio | 4.92 |
| Portfolio P/E Ratio | 35.27 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 72,513 | 64,455 |
| Giant (%) | — | — |
| Large (%) | 20.78 | 11.59 |
| Mid (%) | 73.52 | 78.08 |
| Small (%) | 5.70 | 11.26 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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