Larger than ever, ranked lower than in 2023
Canara Robeco Mutual Fund managed an average of ₹1,24,404 crore in July–September 2026, excluding domestic fund-of-funds. That is 1.43% of the industry's ₹87,21,848 crore and 19th of 55 houses on AMFI's quarterly figures. See its fund house page.
| Quarter | Average AUM (₹ crore) | Rank |
|---|---|---|
| Jul–Sep 2016 | 9,320 | 20 |
| Jul–Sep 2019 | 16,540 | 18 |
| Jul–Sep 2021 | 39,344 | 17 |
| Jul–Sep 2022 | 55,149 | 16 |
| Jul–Sep 2023 | 74,916 | 15 |
| Jul–Sep 2024 | 1,06,840 | 16 |
| Jul–Sep 2025 | 1,19,727 | 19 |
| Jul–Sep 2026 | 1,24,404 | 19 |
The house grew 3.2 times from 2021, ahead of the industry's 2.4 times, and was gaining ground until 2023. Since then its pace has fallen away: assets grew 3.9% in the last year against 13.1% for the industry, and were ₹1,18,728 crore as recently as April–June 2026. The 2026 rank, 19th, is four places below its best.
27 schemes, mostly equity
Counting each open-ended scheme once by its Direct Growth plan, Canara Robeco has 27: 13 equity, 10 debt and 4 hybrid, with no index funds and no fund-of-funds. The largest by average assets in July–September 2026:
| Scheme | Average AUM (₹ crore) |
|---|---|
| Large and Mid Cap | 25,850 |
| Large Cap | 16,879 |
| Small Cap | 14,356 |
| Flexi Cap | 13,466 |
| Aggressive Hybrid | 11,273 |
| ELSS Tax Saver | 8,641 |
| Liquid | 7,118 |
| Multi Cap | 5,780 |
| Mid Cap | 5,058 |
Equity funds are the whole house here: the six largest schemes are all equity or aggressive hybrid, and the largest debt scheme, Liquid, comes seventh.
The cost advantage
On AMFI's expense filings of early October 2026, nearly every Canara Robeco equity fund charges below its category's median Direct fee:
| Fund | Direct TER | Category median |
|---|---|---|
| Large Cap | 0.63% | 1.06% |
| Multi Cap | 0.67% | 0.96% |
| Aggressive Hybrid | 0.69% | 1.08% |
| Flexi Cap | 0.71% | 0.95% |
| ELSS Tax Saver | 0.72% | 1.07% |
| Small Cap | 0.73% | 0.90% |
| Large and Mid Cap | 0.77% | 1.07% |
| Focused | 0.82% | 1.09% |
| Value | 0.86% | 1.24% |
| Mid Cap | 0.89% | 0.94% |
| Infrastructure | 1.18% | 1.15% |
Ten of the eleven are below the median, by between 0.05 points (Mid Cap) and 0.43 points (Large Cap); only the Infrastructure fund is above.
The ranks do not follow the cost
Direct Growth returns to 16 October 2026; rank among Direct Growth funds in the same category with that much history.
| Fund | 1 year | 3 years | Rank | 5 years | Rank |
|---|---|---|---|---|---|
| Infrastructure (thematic) | −2.23% | 16.74% | 40 of 142 | 17.41% | 9 of 102 |
| Mid Cap | 2.08% | 15.67% | 12 of 29 | — | — |
| Multi Cap | −1.26% | 12.69% | 14 of 23 | — | — |
| Focused | −6.40% | 11.49% | 13 of 27 | 10.19% | 12 of 22 |
| Large and Mid Cap | −4.37% | 11.32% | 20 of 26 | 8.53% | 23 of 26 |
| Small Cap | 2.03% | 10.64% | 22 of 26 | 12.24% | 17 of 21 |
| Flexi Cap | −4.46% | 10.55% | 21 of 36 | 7.92% | 21 of 27 |
| ELSS Tax Saver | −2.70% | 10.54% | 22 of 48 | 8.45% | 31 of 41 |
| Large Cap | −6.43% | 9.22% | 15 of 30 | 7.59% | 16 of 27 |
Only the Mid Cap (12th of 29) and Focused (13th of 27) funds are in the upper half of their categories over three years, and the Multi Cap fund is 14th of 23. The larger part of the house, the Large and Mid Cap, Small Cap, Flexi Cap and ELSS funds, ranks in the lower half, and the Large and Mid Cap fund, the biggest of all, is 23rd of 26 over five. The Large Cap fund is mid-table.
A low fee does not buy a high rank: a fund that charges 0.4 points less starts each year 0.4 points ahead of a peer with the same portfolio, but funds rarely hold the same portfolio. Our post on what fund size does to returns and our look at lowest-cost active equity funds go through the wider evidence.
What the numbers do not tell you
One house, one period. Three-year ranks end on the same day for every fund but start in a market that favoured some styles over others.
Debt is a small part of the story. The house's debt book is 10 schemes and its Liquid fund, like every liquid fund, swings with corporate cash.
Cheap is not best. Fees are one input among several; none of this is a recommendation to buy or sell any fund.
Frequently asked questions
How big is Canara Robeco Mutual Fund?
Canara Robeco managed an average of ₹1,24,404 crore in July–September 2026, excluding domestic fund-of-funds. That is 1.43% of the industry and 19th among fund houses on AMFI's figures. It grew 3.9% in a year, against 13.1% for the industry, and has slipped from 15th in 2023.
What is Canara Robeco's largest fund?
Canara Robeco Large and Mid Cap Fund, with average assets of ₹25,850 crore in July–September 2026. The Large Cap fund (₹16,879 crore), Small Cap (₹14,356 crore), Flexi Cap (₹13,466 crore) and Aggressive Hybrid (₹11,273 crore) follow.
Are Canara Robeco's funds cheap?
Its larger equity funds are. On AMFI's filings, the Direct plan of the Large Cap fund charges 0.63% against a category median of 1.06%, the ELSS fund 0.72% against 1.07%, Flexi Cap 0.71% against 0.95% and Small Cap 0.73% against 0.90%.
This is commentary on published data, not investment advice. WealthTicker is not a SEBI-registered adviser or distributor. Figures are WealthTicker’s own calculations from public data — AMFI’s fund NAVs and disclosures, NSE’s index and FII/DII files, and the fund houses’ monthly portfolios (how we calculate). They are as of the dates stated and can be revised by their source.
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