Canara Robeco Overnight Fund
This is the Regular plan of Canara Robeco Overnight Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★☆☆3/5 vs 33 of 38 Overnight 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 Overnight Fund (same plan and option). 33 of the 38 Overnight Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +5.95% · ranks 15 of 33 Overnight Funds
Volatility 0.2% vs 0.1% category avg
0.1% expense vs 0.2% category avg
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
- Low expense ratio (0.11%) vs the Overnight Fund average of 0.19%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- More volatile than its Overnight Fund peers (0.2% vs 0.1%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Overnight Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.40% | +0.39% | +0.01% |
| 3M abs | +1.26% | +1.24% | +0.02% |
| 6M abs | +2.54% | +2.51% | +0.03% |
| 1Y CAGR | +5.19% | +5.14% | +0.05% |
| 3Y CAGR | +5.95% | +5.94% | +0.01% |
| 5Y CAGR | +5.66% | +5.64% | +0.02% |
Category average across peers in Overnight Fund (up to 38 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 38 peers in Overnight Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Canara Robeco Overnight 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 | +3.89% | |
| 2025 | +5.73% | |
| 2024 | +6.60% | |
| 2023 | +6.66% | |
| 2022 | +4.65% | |
| 2021 | +3.14% | |
| 2020 | +3.45% | |
| 2019part | +2.19% |
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.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Cash & Equivalents97.28%
- Debt2.72%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹524.20Cr in April - June 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.
Fund Managers
SPSuman PrasadManaging since 24 Jul 2019
Fund Manager – Fixed Income
BSC, PGDMS
Over 28 years of experience Details: January 2008 onwards: Canara Robeco Asset Management Company Limited: Fund Manager – Fixed Income July 2002 to December 2007: Canbank Investment Management Company Ltd: Senior Executive / Officer (Assisting Fund Manager in Charge) May 1997 to June 2002: Canbank Investment Management Company Ltd: Officer – Managing Director’s Secretariat / Management Information Section.
AJAvnish JainManaging since 01 Dec 2025
Head – Fixed Income
PGDM – IIM, Kolkata B.Tech (Hons) – IIT Kharagpur
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
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
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.
Canara Robeco Innovation Fund: 7 things to know about the new fund filed with SEBI
Upstox · 2d ago
Canara Robeco Ultra Short to Short Term Fund Regular-IDCW Monthly
The Economic Times · 4d ago
Canara Robeco AMC enters Asia and India Book of Records for largest mutual fund investor awareness campaig
The Economic Times · 7d ago
Canara Robeco AMC enter Asia and India Book of Records for the largest Mutual Fund Investor Awareness Campaign
Passionate In Marketing · 10d ago
Orient Electric schedules analyst meet with Canara Robeco for August 12
scanx.trade · 10d ago
Canara Robeco Asset Management Company Limited ("Canara Robeco AMC") launches 'Yuva Shakti Samriddhi', an investor education initiative to empower students to become investment-ready
Investment Guru India · 11d ago
This consumption mutual fund has turned a ₹10,000 monthly SIP into ₹83 lakh in 17 years
CNBC TV18 · 19d ago
Jyothy Labs schedules investor meet with Canara Robeco on Sep 17
scanx.trade · 24d ago
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 Overnight funds
Overnight funds hold securities maturing the very next day, making them the lowest-risk debt category. They're a place to park cash for a few days with almost no interest-rate risk.
Frequently asked questions
What is the NAV of Canara Robeco Overnight Fund?
As of 05 Oct 2026, the NAV of Canara Robeco Overnight Fund is ₹1,425.25 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Canara Robeco Overnight Fund delivered?
Canara Robeco Overnight Fund has returned +5.19% over 1 year, +5.95% per year over 3 years, +5.66% per year over 5 years and +5.04% 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 Overnight Fund?
Canara Robeco Overnight Fund charges an expense ratio of 0.11% 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 Overnight Fund?
Canara Robeco Overnight Fund's largest holdings are 182 DTB (10-SEP-2026) (1.4%), 91 DTB (17-SEP-2026) (0.7%) and 182 DTB (18-SEP-2026) (0.7%). Holdings are disclosed monthly and change over time.
How risky is Canara Robeco Overnight Fund?
Canara Robeco Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was 0.0%. 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 Overnight Fund?
Canara Robeco Overnight Fund is benchmarked against the CRISIL Liquid Overnight Index. Its alpha and beta on this page are measured against that index.
Who manages Canara Robeco Overnight Fund?
Canara Robeco Overnight Fund is managed by Suman Prasad and Avnish Jain at Canara Robeco.
How is Canara Robeco Overnight Fund taxed?
Canara Robeco Overnight 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.