DebtBanking and PSU FundDirectGrowthLow to Moderate

Canara Robeco Banking and PSU Debt Fund

Q: What is the NAV of Canara Robeco Banking and PSU Debt Fund?

As of 05 Oct 2026, the NAV of Canara Robeco Banking and PSU Debt Fund is ₹12.89 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Canara Robeco Banking and PSU Debt Fund delivered?

Canara Robeco Banking and PSU Debt Fund has returned +4.31% over 1 year, +6.50% per year over 3 years and +6.33% 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 Banking and PSU Debt Fund?

Canara Robeco Banking and PSU Debt Fund charges an expense ratio of 0.42% 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 Banking and PSU Debt Fund?

Canara Robeco Banking and PSU Debt Fund's largest holdings are 7.65% Indian Railway Finance Corporation Ltd (30/12/2032) (9.0%), 7.44% Small Industries Development Bank Of India (04/09/2026) (9.0%), 7.25% Indian Oil Corporation Ltd (06/01/2030) (8.9%), 6.85% National Bank For Agriculture & Rural Development (21/03/2031) (8.7%) and 8.44% HDFC Bank Ltd (28/12/2028) (6.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Canara Robeco Banking and PSU Debt Fund?

Canara Robeco Banking and PSU Debt Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.0% and its worst peak-to-trough fall in our sample was -0.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.00 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Canara Robeco Banking and PSU Debt Fund's -0.00 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Canara Robeco Banking and PSU Debt Fund?

Canara Robeco Banking and PSU Debt Fund is benchmarked against the CRISIL Banking and PSU Debt A-II Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Canara Robeco Banking and PSU Debt Fund?

Canara Robeco Banking and PSU Debt Fund is managed by Avnish Jain and Suman Prasad at Canara Robeco.

Q: How is Canara Robeco Banking and PSU Debt Fund taxed?

Canara Robeco Banking and PSU Debt 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 Banking & PSU Mutual Funds

NAV

₹12.89

+0.06% 1D

as of 05 Oct 2026

This is the Direct plan of Canara Robeco Banking and PSU Debt 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

+4.25%absolute

52-week rangePrev NAV ₹12.88

Latest ₹12.89

Low ₹12.3793rd percentile of its 52-week rangeHigh ₹12.93

Scorecard

★☆☆☆☆1/5 vs 19 Banking and PSU 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 Banking and PSU Fund (same plan and option).

PerformanceBelow avg

3Y CAGR +6.50% · ranks 19 of 19 Banking and PSU Funds

RiskLow

Volatility 1.0% vs 1.1% category avg

CostHigh

0.4% 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

Less volatile than its Banking and PSU Fund peers (1.0% vs 1.1%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (+4.31%) trails the Banking and PSU Fund average (+4.88%)
3-year return (+6.50%) trails the Banking and PSU Fund average (+7.06%)
Ranks #19 of 20 on 1-year return in its Banking and PSU Fund cohort
Weaker risk-adjusted returns — Sharpe -0.00 below the Banking and PSU Fund average of 0.54
High expense ratio (0.42%) vs the Banking and PSU Fund average of 0.33%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.42%

Category 0.33%▲0.09%

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

—

Category —

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

-0.00

Category 0.54▼0.54

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

₹5,000

CRISIL Banking and PSU Debt A-II 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.

24 Aug 2022

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

Definitions

Absolute return over the last 1 month (not annualized)

-0.18%

Absolute return over the last 3 months (not annualized)

+0.17%

Absolute return over the last 6 months (not annualized)

+3.03%

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

+3.06%

Annualized returns (≥1Y — CAGR)

Definitions

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

+4.31%

3-year annualized return (CAGR)

+6.50%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+6.33%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.96%

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

-0.00

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

-0.00

Largest peak-to-trough decline over full history

-0.74%

Benchmark ratios

Not shown for Banking and PSU 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 (Banking and PSU Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.18%	+0.02%	-0.20%
3M abs	+0.17%	+0.52%	-0.35%
6M abs	+3.03%	+3.36%	-0.33%
1Y CAGR	+4.31%	+4.88%	-0.57%
3Y CAGR	+6.50%	+7.06%	-0.56%
5Y CAGR	—	+6.29%	—

Category average across peers in Banking and PSU Fund (up to 19 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 19 peers in Banking and PSU Fund

1Y return

+4.31%

Beats 5.3% · rank #19

3Y return

+6.50%

Beats 0% · rank #19

5Y return

—

Sharpe

-0.00

Beats 0% · rank #19

Sortino

-0.00

Beats 0% · rank #19

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

₹3.60L

Current value

₹3.91L

Absolute

+8.58%

XIRR

+5.72%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Canara Robeco Banking and PSU Debt 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	+3.06%
2025	+7.04%
2024	+8.03%
2023	+6.52%
2022part	+1.43%

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

995

Expense ratio

0.42%

AUM

₹185.65Cr

YTM

7.01%

Modified duration

2.43 years

Macaulay duration

2.57 years

Average maturity

3.17 years

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 · Banking and PSU Fund

Compare all


Canara Robeco Banking and PSU Debt FundThis fund Canara Robeco · Direct · Growth	★☆☆☆☆	+4.31%	+6.50%	—	—	0.42%	₹185.65Cr
Franklin India Banking & PSU Debt Fund Franklin Templeton · Direct · Growth	★★★★★	+6.04%	+7.47%	+6.49%	—	0.23%	₹1.11Cr
UTI Banking & PSU Debt Fund UTI · Direct · Growth	★★★★☆	+6.00%	+7.43%	+7.77%	—	0.24%	—
LIC MF Banking & PSU Debt Fund LIC · Direct · Growth	★★★★☆	+5.00%	+7.24%	+6.30%	—	0.28%	—
Kotak Banking and PSU Debt Fund Kotak Mahindra · Direct · Growth	★★★★☆	+5.13%	+7.24%	+6.40%	—	0.40%	₹5,070Cr
ICICI Prudential Banking and PSU Debt Fund ICICI Prudential · Direct · Growth	★★★★☆	+5.24%	+7.14%	+6.62%	—	0.40%	₹8,974Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt90.47%
Cash & Equivalents9.53%

Fund size over time

Quarterly average AUM · AMFI

₹185.65Cr

April - June 2026

-4%

since January - March 2026

−₹8.50Cr

est. net flow, last quarter

At or near its largest, ₹193.44Cr 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

AJAvnish JainStart date not disclosed

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 →

SPSuman PrasadStart date not disclosed

Role

Fund Manager – Fixed Income

Education

BSC, PGDMS

Experience

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.

Funds managed (4)

All schemes Suman Prasad runs →

Fund manager, benchmark and dealing terms from 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 Suman Prasad

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 Banking & PSU funds

Banking and PSU funds must keep at least 80% in the debt of banks, public sector undertakings, public financial institutions and municipal bonds. That issuer restriction is the category: it targets high-rated, quasi-sovereign borrowers, so credit risk is low and the main risk left is interest rates.

Frequently asked questions

What is the NAV of Canara Robeco Banking and PSU Debt Fund?

As of 05 Oct 2026, the NAV of Canara Robeco Banking and PSU Debt Fund is ₹12.89 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Canara Robeco Banking and PSU Debt Fund delivered?

Canara Robeco Banking and PSU Debt Fund has returned +4.31% over 1 year, +6.50% per year over 3 years and +6.33% 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 Banking and PSU Debt Fund?

Canara Robeco Banking and PSU Debt Fund charges an expense ratio of 0.42% 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 Banking and PSU Debt Fund?

Canara Robeco Banking and PSU Debt Fund's largest holdings are 7.65% Indian Railway Finance Corporation Ltd (30/12/2032) (9.0%), 7.44% Small Industries Development Bank Of India (04/09/2026) (9.0%), 7.25% Indian Oil Corporation Ltd (06/01/2030) (8.9%), 6.85% National Bank For Agriculture & Rural Development (21/03/2031) (8.7%) and 8.44% HDFC Bank Ltd (28/12/2028) (6.1%). Holdings are disclosed monthly and change over time.

How risky is Canara Robeco Banking and PSU Debt Fund?

Canara Robeco Banking and PSU Debt Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.0% and its worst peak-to-trough fall in our sample was -0.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.00 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Canara Robeco Banking and PSU Debt Fund's -0.00 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Canara Robeco Banking and PSU Debt Fund?

Canara Robeco Banking and PSU Debt Fund is benchmarked against the CRISIL Banking and PSU Debt A-II Index. Its alpha and beta on this page are measured against that index.

Who manages Canara Robeco Banking and PSU Debt Fund?

Canara Robeco Banking and PSU Debt Fund is managed by Avnish Jain and Suman Prasad at Canara Robeco.

How is Canara Robeco Banking and PSU Debt Fund taxed?

Canara Robeco Banking and PSU Debt 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.