HybridDynamic Asset Allocation or Balanced AdvantageRegularGrowthHigh

Canara Robeco Balanced Advantage Fund

Q: What is the NAV of Canara Robeco Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of Canara Robeco Balanced Advantage Fund is ₹9.84 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Canara Robeco Balanced Advantage Fund delivered?

Canara Robeco Balanced Advantage Fund has returned -4.00% over 1 year and -0.70% 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 Balanced Advantage Fund?

Canara Robeco Balanced Advantage Fund charges an expense ratio of 2.38% 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 Balanced Advantage Fund?

Canara Robeco Balanced Advantage Fund's largest holdings are HDFC Bank Ltd (5.5%), ICICI Bank Ltd (5.3%), Reliance Industries Ltd (4.6%), Bharti Airtel Ltd (3.3%) and Larsen & Toubro Ltd (3.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Canara Robeco Balanced Advantage Fund?

Canara Robeco Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.2% and its worst peak-to-trough fall in our sample was -11.5%. 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 Balanced Advantage Fund?

Canara Robeco Balanced Advantage Fund is benchmarked against the CRISIL Hybrid 50+50 – Moderate Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Canara Robeco Balanced Advantage Fund?

Canara Robeco Balanced Advantage Fund is managed by Ennette Fernandes, Pranav Gokhale, Suman Prasad, Amit Kadam and Avnish Jain at Canara Robeco.

Q: How is Canara Robeco Balanced Advantage Fund taxed?

Canara Robeco Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Canara Robeco Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹9.84

-0.71% 1D

as of 01 Oct 2026

This is the Regular plan of Canara Robeco Balanced Advantage 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.

Compare SIP calculator

Performance

-3.62%CAGR

52-week rangePrev NAV ₹9.91

Latest ₹9.84

Low ₹9.4237th percentile of its 52-week rangeHigh ₹10.57

Scorecard

★★☆☆☆2/5 vs 36 Dynamic Asset Allocation or Balanced Advantage peers1Y

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 Dynamic Asset Allocation or Balanced Advantage (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers.

Performance—

Not enough Dynamic Asset Allocation or Balanced Advantage peers to rank yet

RiskModerate

Volatility 9.2% vs 8.4% category avg

CostAverage

2.4% expense vs 2.3% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

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

Strengths

No standout strengths identified.

Concerns

Trails the Dynamic Asset Allocation or Balanced Advantage average on 1M/3M/6M/1Y — 1Y by 3.25pp
Ranks #32 of 36 on 1-year return in its Dynamic Asset Allocation or Balanced Advantage cohort

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.38%

Category 2.29%▲0.09%

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

17.62

Category —

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

—

Category 0.10

Scheme Info

Definitions

Plan

Regular · Growth

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

None

1% - if redeemed/switched out above 12% of allotted units within 365 days from the date of allotment. Nil - if redeemed/switched out upto 12% of allotted units within 365 days from the date of allotment, Nil - if redeemed/switched out after 365 days from the date of allotment

Up to 1.00%

tiered — see the full terms

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 Hybrid 50+50 – Moderate 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.

06 Aug 2024

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.37%

Absolute return over the last 3 months (not annualized)

-3.15%

Absolute return over the last 6 months (not annualized)

+2.93%

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

-6.11%

Annualized returns (≥1Y — CAGR)

Definitions

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

-4.00%

3-year annualized return (CAGR)

—

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.

-0.70%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

9.18%

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

-11.52%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

—

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 50 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Dynamic Asset Allocation or Balanced Advantage)

Period	Fund	Category avg.	Diff
1M abs	-4.37%	-3.63%	-0.74%
3M abs	-3.15%	-2.31%	-0.84%
6M abs	+2.93%	+4.03%	-1.10%
1Y CAGR	-4.00%	-0.75%	-3.25%
3Y CAGR	—	+7.28%	—
5Y CAGR	—	+7.15%	—

Category average across peers in Dynamic Asset Allocation or Balanced Advantage (up to 36 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 36 peers in Dynamic Asset Allocation or Balanced Advantage

1Y return

-4.00%

Beats 11.4% · rank #32

3Y return

—

5Y return

—

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

₹1.20L

Current value

₹1.16L

Absolute

-3.22%

XIRR

-6.92%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Canara Robeco Balanced Advantage 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	Nifty 50 TRI	Diff
2026part	-6.11%	-12.85%	+6.74%
2025	+4.70%	+11.97%	-7.27%
2024part	+0.20%	—	—

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; those years show no benchmark comparison.

History points

533

Expense ratio

2.38%

AUM

₹1,148Cr

Portfolio turnover

114%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

17.6

P/B ratio

4.1

Avg market cap

₹4,70,245Cr

P/E & P/B are portfolio-weighted harmonic means across 54 of 61 equity holdings (74% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

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 · Dynamic Asset Allocation or Balanced Advantage

Compare all


Canara Robeco Balanced Advantage FundThis fund Canara Robeco · Regular · Growth	★★☆☆☆ 1Y	-4.00%	—	—	—	2.38%	₹1,148Cr
quant Dynamic Asset Allocation Fund quant · Regular · Growth	★★★☆☆	-3.55%	+10.47%	—	—	3.00%	₹902.64Cr
Aditya Birla Sun Life Balanced Advantage Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+3.30%	+9.63%	+8.41%	—	1.95%	₹9,211Cr
Baroda BNP Paribas Balanced Advantage Fund Baroda BNP Paribas · Regular · Growth	★★★★☆	+1.91%	+9.48%	+8.94%	—	2.04%	₹4,798Cr
ICICI Prudential Balanced Advantage Fund ICICI Prudential · Regular · Growth	★★★★★	+1.00%	+9.48%	+9.34%	—	1.56%	₹70,787Cr
Axis Balanced Advantage Fund Axis · Regular · Growth	★★★★☆	-0.57%	+9.44%	+7.78%	—	2.15%	₹3,759Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap77.4%
Mid cap8.3%
Small cap14.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity77.73%
Debt18.80%
Cash & Equivalents3.47%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Canara Robeco Aggressive Hybrid Fund Canara Robeco · Aggressive Hybrid Fund	69.6% of 79% equity	★★★★☆	0.69%	+9.75%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	67.2%	★★★★☆	0.63%	+8.81%
Canara Robeco ELSS - Tax Saver Fund Canara Robeco · ELSS	64.4%	★★★☆☆	0.70%	+10.17%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	63.6%	★★★☆☆	0.69%	+10.26%
Canara Robeco Value Fund Canara Robeco · Value Fund	60.1%	★★★☆☆	0.86%	+9.54%
Axis Large Cap Fund Axis · Large Cap Fund	59.6%	★★★☆☆	0.92%	+7.70%
Axis Retirement Fund - Aggressive Axis · Retirement Fund	59.4% of 75% equity	★★★☆☆	1.26%	+9.86%
Kotak Large Cap Fund Kotak Mahindra · Large Cap Fund	59.4%	★★★★☆	0.76%	+8.81%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-11.5%27 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 23 Oct 2025 — 8 months under water after the low.
-10.9%26 Nov 2025 → 30 Mar 2026
Still below that high — 4 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹1,148Cr

April - June 2026

-8%

since January - March 2026

−₹44.93Cr

est. net flow, last quarter

Down +8% from its peak of ₹1,242Cr 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

EFEnnette FernandesManaging since 12 Jul 2024

Role

Fund Manager – Equities

Education

PGDBM

Experience

Over 16 years of experience Details: September 2021 onwards Canara Robeco Asset Management Company Limited: Fund Manager – Equities January 2014 to September 2021 Tata Asset Management Ltd. Assistant Fund Manager (April 2018 to September 2021) Research Analyst (January 2014 to March 2018) April 2009 to December 2013 Phillip Capital (India) Pvt Ltd. Research Analyst (April 2011 to December 2013) Research Associate (April 2009 to March 2011)

Funds managed (3)

All schemes Ennette Fernandes runs →

PGPranav GokhaleManaging since 05 May 2025

Role

Senior Fund Manager Equities

Education

Masters in Commerce (Mumbai University) Chartered Accountant (ICAI)

Experience

Over 21 years of experience Details: November 01, 2023 onwards Canara Robeco Asset Management Company Limited: Senior Fund Manager – Equities October 2008 to October 2023 Invesco Asset Management (India) Pvt. Ltd.: Fund Manager – Equities May 2006 to October 2008 Infrastructure Leasing & Financial Services (IL& FS): Equity Research Analyst July 2005 to May 2006 ICICI Web Trade Limited: Equity Research Analyst October 2004 to June 2005 Rosy Blue Securities Private Limited: Research Analyst February 2004 to September 2004 Rosy Blue Securities Private Limited: Manager Finance & Accounts July 2001 to January 2004 Kirtane & Pandit Chartered Accountant: Assistant Audit Manager.

Funds managed (5)

All schemes Pranav Gokhale runs →

SPSuman PrasadManaging since 12 Jul 2024

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 →

AKAmit KadamManaging since 12 Jul 2024

Role

Fund Manager – Equities

Education

BE (Electronics), MMS (Finance)

Experience

Over 15 years of experience Details: April 2024 to Till Date Canara Robeco Asset Management Company Ltd.: Fund Manager – Equities October 2021 to April 2024 Canara Robeco Asset Management Company Ltd.: Assistant Fund Manager – Equities September 2018 to September 2021 Canara Robeco Asset Management Company Ltd. - Research Analyst June 2013 to September 2018 LIC Mutual Fund Asset Management Ltd. - Research Analyst June 2010 to June 2013 Sykes and Ray Equities (I) Ltd. - Research Analyst

Funds managed (4)

All schemes Amit Kadam runs →

AJAvnish JainManaging since 01 Dec 2025

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 (9)

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

Ennette Fernandes Pranav Gokhale Suman Prasad Amit Kadam Avnish Jain

Top holdings

HDFC Bank Ltd ICICI Bank Ltd Reliance Industries Ltd Bharti Airtel Ltd Larsen & Toubro Ltd Axis Bank Ltd State Bank of India Infosys Ltd Eternal Ltd Samvardhana Motherson International Ltd Mahindra & Mahindra Ltd Divi's Laboratories Ltd

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 Balanced Advantage funds

Balanced advantage (dynamic asset allocation) funds move between equity and debt based on market valuations, adding more stocks when they look cheap and trimming when they look dear. The goal is a smoother ride.

Frequently asked questions

What is the NAV of Canara Robeco Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of Canara Robeco Balanced Advantage Fund is ₹9.84 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Canara Robeco Balanced Advantage Fund delivered?

Canara Robeco Balanced Advantage Fund has returned -4.00% over 1 year and -0.70% 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 Balanced Advantage Fund?

Canara Robeco Balanced Advantage Fund charges an expense ratio of 2.38% 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 Balanced Advantage Fund?

Canara Robeco Balanced Advantage Fund's largest holdings are HDFC Bank Ltd (5.5%), ICICI Bank Ltd (5.3%), Reliance Industries Ltd (4.6%), Bharti Airtel Ltd (3.3%) and Larsen & Toubro Ltd (3.1%). Holdings are disclosed monthly and change over time.

How risky is Canara Robeco Balanced Advantage Fund?

Canara Robeco Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.2% and its worst peak-to-trough fall in our sample was -11.5%. 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 Balanced Advantage Fund?

Canara Robeco Balanced Advantage Fund is benchmarked against the CRISIL Hybrid 50+50 – Moderate Index. Its alpha and beta on this page are measured against that index.

Who manages Canara Robeco Balanced Advantage Fund?

Canara Robeco Balanced Advantage Fund is managed by Ennette Fernandes, Pranav Gokhale, Suman Prasad, Amit Kadam and Avnish Jain at Canara Robeco.

How is Canara Robeco Balanced Advantage Fund taxed?

Canara Robeco Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.