EquitySectoral/ ThematicRegularGrowthVery High

Canara Robeco Banking and Financial Services Fund

Q: What is the NAV of Canara Robeco Banking and Financial Services Fund?

As of 05 Oct 2026, the NAV of Canara Robeco Banking and Financial Services Fund is ₹10.36 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 Financial Services Fund delivered?

Canara Robeco Banking and Financial Services Fund has returned +4.75% 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 Financial Services Fund?

Canara Robeco Banking and Financial Services Fund charges an expense ratio of 2.65% 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 Financial Services Fund?

Canara Robeco Banking and Financial Services Fund's largest holdings are ICICI Bank Ltd (10.8%), HDFC Bank Ltd (10.3%), State Bank of India (7.8%), Axis Bank Ltd (7.3%) and Kotak Mahindra Bank Ltd (5.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Canara Robeco Banking and Financial Services Fund?

Canara Robeco Banking and Financial Services Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.6% and its worst peak-to-trough fall in our sample was -7.9%. 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 Banking and Financial Services Fund?

Canara Robeco Banking and Financial Services Fund is benchmarked against the Nifty Financial Services Index TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Canara Robeco Banking and Financial Services Fund?

Canara Robeco Banking and Financial Services Fund is managed by Shridatta Bhandwaldar and Amit Kadam at Canara Robeco.

Q: How is Canara Robeco Banking and Financial Services Fund taxed?

Canara Robeco Banking and Financial Services 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 Sectoral & Thematic Mutual Funds

NAV

₹10.36

+0.58% 1D

as of 05 Oct 2026

This is the Regular plan of Canara Robeco Banking and Financial Services 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.

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Performance

+4.75%absolute

52-week rangePrev NAV ₹10.30

Latest ₹10.36

Low ₹9.7841st percentile of its 52-week rangeHigh ₹11.18

Scorecard

Not rated

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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

RiskModerate

Volatility 15.6% vs 15.6% category avg

CostAverage

2.6% expense vs 2.5% 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 Sectoral/ Thematic average on 1M/3M/6M

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.65%

Category 2.46%▲0.19%

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

19.39

Category —

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

—

Category 0.36

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

Nifty Financial Services Index TRI

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.

23 Mar 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.99%

Absolute return over the last 3 months (not annualized)

-5.39%

Absolute return over the last 6 months (not annualized)

+4.86%

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

+4.75%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

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.

+4.75%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.60%

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

-7.87%

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

Definitions

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

—

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

—

How much of the fund's movement Nifty Bank 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 Bank 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 (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-5.99%	-4.56%	-1.43%
3M abs	-5.39%	-2.60%	-2.79%
6M abs	+4.86%	+11.42%	-6.56%
1Y CAGR	—	+2.14%	—
3Y CAGR	—	+12.50%	—
5Y CAGR	—	+10.82%	—

Category average across peers in Sectoral/ Thematic (up to 255 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.

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

₹60.00K

Current value

₹58.32K

Absolute

-2.79%

XIRR

-12.68%

Value vs. invested

ValueInvested

6 monthly installments of ₹10,000 into Canara Robeco Banking and Financial Services Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

133

Expense ratio

2.65%

Portfolio turnover

Exit load

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

P/E ratio

19.4

P/B ratio

3.6

Avg market cap

₹4,26,676Cr

P/E & P/B are portfolio-weighted harmonic means across 23 of 27 equity holdings (86% 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 · Sectoral/ Thematic

Compare all


Canara Robeco Banking and Financial Services FundThis fund Canara Robeco · Regular · Growth	—	—	—	—	—	2.65%	—
Nippon India Taiwan Equity Fund Nippon India · Regular · Growth	★★★★☆	+125.07%	+61.55%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · Growth	★★★★☆	+19.02%	+34.59%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · Growth	★★★★★	+24.17%	+28.28%	—	—	2.11%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Regular · Growth	★★★☆☆	+31.28%	+23.90%	+8.86%	—	2.47%	₹720.84Cr
Nippon India Japan Equity Fund Nippon India · Regular · Growth	★★★☆☆	+28.99%	+22.97%	+10.76%	—	2.50%	₹330.20Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap68.9%
Mid cap16.0%
Small cap15.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity95.60%
Cash & Equivalents4.40%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Baroda BNP Paribas Banking and Financial Services Fund Baroda BNP Paribas · Sectoral/ Thematic	74.8%	★★☆☆☆	1.09%	+13.35%
MahindraManulife Banking & Financial Services Fund Mahindra Manulife · Sectoral/ Thematic	71.6%	★★★☆☆	1.13%	—
Kotak Banking and Financial Services Fund Kotak Mahindra · Sectoral/ Thematic	69.7%	★★★☆☆	0.80%	+11.49%
Edelweiss Financial Services Fund Edelweiss · Sectoral/ Thematic	66.6%	—	0.98%	—
Tata Banking & Financial Services Fund Tata · Sectoral/ Thematic	66.3%	★★★☆☆	0.93%	+10.38%
Bank of India Banking & Financial Services Fund Bank of India · Sectoral/ Thematic	64.7%	—	1.68%	—
UTI - Banking and Financial Services Fund UTI · Sectoral/ Thematic	64.0%	★★☆☆☆	1.44%	+11.96%
HSBC Financial Services fund HSBC · Sectoral/ Thematic	63.9%	★★★☆☆	0.98%	—

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.

🚩Holdings under NSE surveillance (ASM)

1 holding — 2.51% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I2.51%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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.

-7.9%31 Aug 2026 → 01 Oct 2026
Still below that high — 31 days down, and no recovery yet.
-6.5%07 May 2026 → 08 Jun 2026
Fell over 32 days, back to the old high on 18 Jun 2026 — 10 days under water after the low.

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.

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

SBShridatta BhandwaldarStart date not disclosed

Role

Head – Equities

Education

B.E M.M.S (Finance)

Experience

Over 18 years of experience Details: November 01, 2025 to till date Canara Robeco Asset Management Company Limited: Chief Investment Officer – Equities October 2019 to October 2025 Canara Robeco Asset Management Company Limited: Head – Equities July 2016 to September 2019 Canara Robeco Asset Management Company Limited: Fund Manager July 2012 to June 2016 SBI Pension Funds Pvt Ltd.: Head – Research/Portfolio Manager October 2009 to June 2012 Heritage India Advisory Pvt Ltd.: Senior Equity Analyst January 2008 to September 2009 Motilal Oswal Securities: Research Analyst April 2006 to December 2008 MF Global Securities: Research Associate

Funds managed (13)

All schemes Shridatta Bhandwaldar runs →

AKAmit KadamStart date not disclosed

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 →

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

Shridatta Bhandwaldar Amit Kadam

Top holdings

ICICI Bank Ltd HDFC Bank Ltd State Bank of India Axis Bank Ltd Kotak Mahindra Bank Ltd Bajaj Finance Ltd Shriram Finance Ltd Ujjivan Small Finance Bank Ltd One 97 Communications Ltd Tata Capital Ltd Cholamandalam Investment and Finance Co Ltd Max Financial Services 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 Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of Canara Robeco Banking and Financial Services Fund?

As of 05 Oct 2026, the NAV of Canara Robeco Banking and Financial Services Fund is ₹10.36 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 Financial Services Fund delivered?

Canara Robeco Banking and Financial Services Fund has returned +4.75% 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 Financial Services Fund?

Canara Robeco Banking and Financial Services Fund charges an expense ratio of 2.65% 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 Financial Services Fund?

Canara Robeco Banking and Financial Services Fund's largest holdings are ICICI Bank Ltd (10.8%), HDFC Bank Ltd (10.3%), State Bank of India (7.8%), Axis Bank Ltd (7.3%) and Kotak Mahindra Bank Ltd (5.0%). Holdings are disclosed monthly and change over time.

How risky is Canara Robeco Banking and Financial Services Fund?

Canara Robeco Banking and Financial Services Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.6% and its worst peak-to-trough fall in our sample was -7.9%. 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 Banking and Financial Services Fund?

Canara Robeco Banking and Financial Services Fund is benchmarked against the Nifty Financial Services Index TRI. Its alpha and beta on this page are measured against that index.

Who manages Canara Robeco Banking and Financial Services Fund?

Canara Robeco Banking and Financial Services Fund is managed by Shridatta Bhandwaldar and Amit Kadam at Canara Robeco.

How is Canara Robeco Banking and Financial Services Fund taxed?

Canara Robeco Banking and Financial Services 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.