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Canara Robeco Ultra Short Term Fund

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

As of 05 Oct 2026, the NAV of Canara Robeco Ultra Short Term Fund is ₹4,377.50 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Canara Robeco Ultra Short Term Fund delivered?

Canara Robeco Ultra Short Term Fund has returned +6.50% over 1 year, +7.05% per year over 3 years, +6.35% per year over 5 years and +6.91% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

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

Canara Robeco Ultra Short Term Fund charges an expense ratio of 0.31% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Canara Robeco Ultra Short Term Fund?

Canara Robeco Ultra Short Term Fund's largest holdings are Small Industries Development Bank of India (04/02/2027) (4.5%), 7.83% Indian Railway Finance Corporation Ltd (19/03/2027) (4.3%), 8.30% Tata Capital Ltd (16/03/2027) (4.3%), 8.03% Aditya Birla Housing Finance Ltd (15/03/2027) (4.3%) and 8.0409% TATA CAP HSG FIN LTD 19-MAR-27 (4.3%). Holdings are disclosed monthly and change over time.

Q: How risky is Canara Robeco Ultra Short Term Fund?

Canara Robeco Ultra Short Term Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -0.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Canara Robeco Ultra Short Term Fund?

Canara Robeco Ultra Short Term Fund is benchmarked against the CRISIL Ultra Short Duration Debt A-I Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Canara Robeco Ultra Short Term Fund?

Canara Robeco Ultra Short Term Fund is managed by Bhupesh Kalyani and Avnish Jain at Canara Robeco.

Q: How is Canara Robeco Ultra Short Term Fund taxed?

Canara Robeco Ultra Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Canara Robeco Mutual Fund · Best Ultra Short Duration Mutual Funds

NAV

₹4,377.50

+0.08% 1D

as of 05 Oct 2026

This is the Direct plan of Canara Robeco Ultra Short Term Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+6.48%absolute

52-week rangePrev NAV ₹4,374.16

Latest ₹4,377.50

Low ₹4,111.19100th percentile of its 52-week rangeHigh ₹4,377.50

Scorecard

★★☆☆☆2/5 vs 24 of 26 Ultra Short Duration Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Ultra Short Duration Fund (same plan and option). 24 of the 26 Ultra Short Duration Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +7.05% · ranks 21 of 24 Ultra Short Duration Funds

RiskModerate

Volatility 0.4% vs 0.4% category avg

CostAverage

0.3% expense vs 0.3% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.31%

Category 0.30%▲0.01%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹500

CRISIL Ultra Short Duration Debt A-I Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.42%

Absolute return over the last 3 months (not annualized)

+1.57%

Absolute return over the last 6 months (not annualized)

+3.62%

Absolute return since 1 Jan of this year (not annualized)

+5.08%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.50%

3-year annualized return (CAGR)

+7.05%

5-year annualized return (CAGR)

+6.35%

10-year annualized return (CAGR)

+6.12%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+6.91%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.37%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-0.63%

Benchmark ratios

Not shown for Ultra Short Duration Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Ultra Short Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.42%	+0.44%	-0.02%
3M abs	+1.57%	+1.55%	+0.02%
6M abs	+3.62%	+3.58%	+0.04%
1Y CAGR	+6.50%	+6.50%	0.00%
3Y CAGR	+7.05%	+7.23%	-0.18%
5Y CAGR	+6.35%	+6.58%	-0.23%

Category average across peers in Ultra Short Duration Fund (up to 26 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 26 peers in Ultra Short Duration Fund

1Y return

+6.50%

Beats 40% · rank #16

3Y return

+7.05%

Beats 13% · rank #21

5Y return

+6.35%

Beats 9.1% · rank #21

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.10L

Absolute

+18.30%

XIRR

+6.87%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Canara Robeco Ultra Short Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+5.08%
2025	+7.08%
2024	+7.39%
2023	+6.92%
2022	+4.49%
2021	+3.20%
2020	+5.14%
2019	+7.09%
2018	+6.79%
2017	+6.44%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

3,319

Expense ratio

0.31%

AUM

₹508.32Cr

YTM

6.66%

Modified duration

144 days

Macaulay duration

153 days

Average maturity

154 days

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Ultra Short Duration Fund

Compare all


Canara Robeco Ultra Short Term FundThis fund Canara Robeco · Direct · Growth	★★☆☆☆	+6.50%	+7.05%	+6.35%	—	0.31%	₹508.32Cr
Nippon India Ultra Short Term Fund Nippon India · Direct · Growth	★★★★☆	+6.97%	+7.57%	+7.02%	—	0.34%	—
Tata Ultra Short Term Fund Tata · Direct · Growth	★★★☆☆	+7.00%	+7.51%	+6.81%	—	0.33%	₹5,343Cr
Aditya Birla Sun Life Ultra Short Term Fund Aditya Birla Sun Life · Direct · Growth	★★★★☆	+6.61%	+7.48%	+6.80%	—	0.32%	—
Axis Ultra Short Term Fund Axis · Direct · Growth	★★★☆☆	+6.77%	+7.44%	+6.81%	—	0.36%	—
Mirae Asset Ultra Short-Term Fund Mirae Asset · Direct · Growth	★★★★☆	+6.71%	+7.43%	+6.73%	—	0.22%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt93.23%
Cash & Equivalents6.77%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Small Industries Development Bank of India (04/02/2027)

4.51%

Axis Bank Ltd (07/12/2026)

4.22%

Axis Bank Ltd (16/12/2026)

4.22%

Kotak Mahindra Bank Ltd (21/12/2026)

4.21%

Indian Bank (03/02/2027)

4.18%

Punjab National Bank (05/02/2027)

4.18%

National Bank For Agriculture & Rural Development (17/02/2027)

4.17%

Export-Import Bank Of India (01/03/2027)

4.16%

ICICI Bank Ltd (08/03/2027)

4.15%

HDFC Bank Ltd (12/03/2027)

4.15%

Fund size over time

Quarterly average AUM · AMFI

₹508.32Cr

April - June 2026

since January - March 2026

−₹9.11Cr

est. net flow, last quarter

At or near its largest, ₹509.55Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Canara Robeco Mutual Fund is a joint venture between Canara Bank and Robeco, the Dutch asset manager. It traces back to Canbank Mutual Fund, set up in 1987 as one of India's first fund houses, and is known for a conservative, quality-biased equity approach.

Launched

18 Dec 1987

Total AUM

₹1,24,404Cr+4.8% QoQ

Avg AUM · July - September 2026

Website

canararobeco.com

Fund Managers

BKBhupesh KalyaniManaging since 01 Apr 2026

Role

Fund Manager – Fixed Income

Total experience

Over 20 years

Education

ACA, Grad CWA, B.Com

Experience

Details: Since March 24, 2026: Canara Robeco Asset Management Company Limited: Fund Manager – Fixed Income September 8, 2022 – February 24, 2026: PGIM India Asset Management Private Limited: Fund Manager - Fixed Income January 25, 2017 – September 6, 2022 Page | 34 IDBI Asset Management Limited: Fund Manager – Fixed Income August 2012 - August 2016 - Star Union Daiichi Life Insurance: Debt - Fund Manager

AJAvnish JainManaging since 01 Apr 2022

Role

Head – Fixed Income

Education

PGDM – IIM, Kolkata B.Tech (Hons) – IIT Kharagpur

Experience

Over 31 years of experience Details: November 2025 to till date Canara Robeco Asset Management Company Limited : Chief Investment Officer – Fixed Income September 2013 to October 2025 Canara Robeco Asset Management Company Limited : Head – Fixed Income December 2010 to September 2013 ICICI Prudential Asset Management Company Ltd: Senior Fund Manager October 2008 to December 2010 Deutsche Asset Management (India) Private Limited: Head of Fixed Income January 2007 to October 2008 Professional Services with Misys Software Solutions (I)Ltd: Senior Consultant August 2005 to January 2007 Yes Bank Ltd: Head of Trading November 1998 to August 2005 ICICI Bank Ltd.: Senior Trader Proprietary Trading July 1994 to November 1998 UTI Securities Ltd : Research Analyst

Funds managed (8)

All schemes Avnish Jain runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Avnish Jain

Canara Robeco in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Ultra Short Duration funds

Ultra short duration funds run a Macaulay duration of 3 to 6 months. That is a step out from a liquid fund — slightly more interest-rate sensitivity in exchange for slightly more yield, for money you need in months rather than days.

Frequently asked questions

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

As of 05 Oct 2026, the NAV of Canara Robeco Ultra Short Term Fund is ₹4,377.50 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Canara Robeco Ultra Short Term Fund delivered?

Canara Robeco Ultra Short Term Fund has returned +6.50% over 1 year, +7.05% per year over 3 years, +6.35% per year over 5 years and +6.91% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

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

Canara Robeco Ultra Short Term Fund charges an expense ratio of 0.31% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Canara Robeco Ultra Short Term Fund?

Canara Robeco Ultra Short Term Fund's largest holdings are Small Industries Development Bank of India (04/02/2027) (4.5%), 7.83% Indian Railway Finance Corporation Ltd (19/03/2027) (4.3%), 8.30% Tata Capital Ltd (16/03/2027) (4.3%), 8.03% Aditya Birla Housing Finance Ltd (15/03/2027) (4.3%) and 8.0409% TATA CAP HSG FIN LTD 19-MAR-27 (4.3%). Holdings are disclosed monthly and change over time.

How risky is Canara Robeco Ultra Short Term Fund?

Canara Robeco Ultra Short Term Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -0.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Canara Robeco Ultra Short Term Fund?

Canara Robeco Ultra Short Term Fund is benchmarked against the CRISIL Ultra Short Duration Debt A-I Index. Its alpha and beta on this page are measured against that index.

Who manages Canara Robeco Ultra Short Term Fund?

Canara Robeco Ultra Short Term Fund is managed by Bhupesh Kalyani and Avnish Jain at Canara Robeco.

How is Canara Robeco Ultra Short Term Fund taxed?

Canara Robeco Ultra Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.