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Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option

The fund aims to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.Read more

AMC websiteScheme documentsNAV history (AMFI)हिंदी में

Canara Robeco Mutual FundBalanced Advantage FundsDirect · GrowthRiskometer: Very High Risk
NAV · 16 Oct 2026₹10.3500▲ 0.29% (1 day)
  • Current NAV₹10.3500
  • Fund Size (AUM)₹ 1,007 Cr.
  • Expense Ratio1.00 %
  • 1Y Return-2.54%
  • 3Y Return (CAGR)—
  • 5Y Return (CAGR)—
  • Category Rank (3Y)—
  • RiskometerVery High Risk
  • Min. SIP / Lump sum₹ 1,000 / ₹ 5,000
More figures (11)
  • Since Launch (CAGR)+1.63%
  • Benchmark—
  • Volatility (3Y)9.17 %
  • Sharpe Ratio (3Y)—
  • Beta (3Y)—
  • 52-week High / Low₹10.7700 / ₹9.6500
  • Max Drawdown-11.0 %
  • Launched2 Aug 2024
  • Lock-inNone
  • Portfolio Turnover11 %
  • Fund ManagersSuman Prasad, Avnish Jain, Pranav Gokhale +2

Performance chart

Past performance may or may not be sustained in future.

Quick take

  • Over 1 year it returned -2.5%, against category average -0.7% (rank 26 of 36 Balanced Advantage Funds).
  • Volatility over 3 years was 9.2% a year.
  • Its biggest fall from a peak was 11.0% (26 Sep 2024 to 28 Feb 2025).
  • Expense ratio 1.00%, fund size ₹1,007 crore.

Pros

No standout strengths in its record so far.

Cons

  • Short track record: launched 6 Aug 2024, so 3- and 5-year figures are not available yet.

Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language.

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Returns vs benchmark and category

Returns (%)1W1M3M6MYTD1Y2Y3Y5Y7Y10YSince launch
This fund+1.47%-0.10%-1.24%+0.19%-3.18%-2.54%-0.10%————+1.63%
Category average-0.92%+0.34%-0.65%+8.87%+8.27%
Rank in category8/3726/3726/36
QuartileQ1Q3Q3
Best in category+1.06%+8.32%+8.40%+12.26%+12.65%
Worst in category-2.89%-4.17%-5.18%+2.47%+5.41%

Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Balanced Advantage Funds, returns as on 17 Oct 2026. Q1 = top quarter by return over that period.

Calendar-year returns

Year2026 YTD2025
This fund-3.18%+6.05%

January to December each year; the current year is to date.

Month-by-month returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDecYear
2026-2.10.1-7.96.6-1.02.01.70.5-3.91.4
2025-2.7-4.54.72.32.42.1-1.1-1.21.32.90.6-0.66.0
20241.7-3.00.7-1.4

Change in NAV from the last business day of one month to the last business day of the next. Positive in 15 of 26 months shown (58%). "Year" is shown for complete calendar years.

Risk and consistency

Risk measure3 years5 years
Volatility (standard deviation) ?9.17%9.17%
Sharpe ratio ?——
Sortino ratio ?——
Maximum drawdown-11.02%-11.02%

Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.

How it handled market falls

Biggest falls in this fund's NAV

PeakBottomFallBack to the peak onTime to recover
26 Sep 202428 Feb 2025-11.0%17 Sep 20257 months
2 Jan 202630 Mar 2026-10.4%Not yet—

Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.

SIP returns: ₹10,000 every month

SIP forInvestedValue todayGainXIRR
1Y₹1,20,000₹1,18,808₹-1,192-1.83%

A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.

What your investment would be worth

Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.

Compare with all Balanced Advantage Funds (38)

S.No.Scheme (Direct plans, Growth)6M %1Y %3Y % CAGR5Y % CAGRExpense ratio %Fund size ₹ Cr
1.quant Dynamic Asset Allocation Fundquant Mutual Fund-0.43-2.9012.26—1.56810
2.Aditya Birla Sun Life Balanced Advantage FundAditya Birla Sun Life Mutual Fund2.073.8711.229.630.909,836
3.WhiteOak Capital Balanced Advantage FundWhiteOak Capital Mutual Fund2.290.5811.11—0.862,256
4.Baroda BNP Paribas Balanced Advantage FundBaroda BNP Paribas Mutual Fund0.511.4111.069.750.735,162
5.Axis Balanced Advantage FundAxis Mutual Fund-0.13-0.1311.018.911.063,651
6.ICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund0.021.2210.419.891.0471,913
7.Mahindra Manulife Balanced Advantage FundMahindra Manulife Mutual Fund1.520.8210.37—0.85879
8.HDFC Balanced Advantage FundHDFC Mutual Fund-1.85-3.1110.0912.650.771,02,534
9.DSP Dynamic Asset Allocation FundDSP Mutual Fund0.441.9310.078.311.093,704
10.Edelweiss Balanced Advantage FundEdelweiss Mutual Fund0.911.4310.048.550.9612,880
11.Nippon India Balanced Advantage FundNippon India Mutual Fund0.320.209.998.950.889,532
12.Mirae Asset Balanced Advantage FundMirae Asset Mutual Fund0.532.029.76—0.952,109
13.BANDHAN Balanced Advantage FundBandhan Mutual Fund2.152.659.397.691.082,235
14.SBI Balanced Advantage FundSBI Mutual Fund-1.98-0.369.119.500.8940,545
15.HSBC Balanced Advantage FundHSBC Mutual Fund1.450.159.06—1.161,474
16.Kotak Balanced Advantage FundKotak Mahindra Mutual Fund0.28-0.378.928.390.8316,618
17.Invesco India Balanced Advantage FundInvesco Mutual Fund1.12-2.838.788.151.14903
18.Franklin India Balanced Advantage FundFranklin Templeton Mutual Fund-1.84-2.718.71—0.762,687
19.BANK OF INDIA BALANCED ADVANTAGE FUNDBank of India Mutual Fund-2.481.078.479.861.40174
20.ITI Balanced Advantage FundITI Mutual Fund0.05-3.598.036.491.68320
21.UTI Balanced Advantage FundUTI Mutual Fund-0.62-3.168.03—0.712,856
22.Union Balanced Advantage FundUnion Mutual Fund0.18-1.577.787.041.461,158
23.LIC MF Balanced Advantage FundLIC Mutual Fund1.40-1.447.56—1.52653
24.NJ Balanced Advantage FundNJ Mutual Fund1.28-1.937.55—1.143,242
25.Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund)Sundaram Mutual Fund-1.92-3.947.46—1.131,596
26.UTI - Unit Linked Insurance PlanUTI Mutual Fund3.25-0.427.465.41——
27.Tata Balanced Advantage FundTata Mutual Fund-1.87-1.827.357.970.698,005
28.PGIM India Balanced Advantage FundPGIM India Mutual Fund-1.41-5.186.796.860.94681
29.Shriram Balanced Advantage FundShriram Mutual Fund-1.62-3.315.715.850.9441
30.Motilal Oswal Balanced Advantage FundMotilal Oswal Mutual Fund8.32-4.242.475.511.60712
31.Bajaj Finserv Balanced Advantage FundBajaj Finserv Mutual Fund1.370.03——1.011,207
32.Canara Robeco Balanced Advantage FundCanara Robeco Mutual Fund-0.48-2.73——1.001,007
33.Helios Balanced Advantage FundHelios Mutual Fund0.17-1.51——1.30265
34.JioBlackRock Balanced Advantage FundJio BlackRock Mutual Fund——————
35.Parag Parikh Dynamic Asset Allocation FundPPFAS Mutual Fund0.212.08——0.402,533
36.Samco Dynamic Asset Allocation FundSamco Mutual Fund-0.76-3.87——2.05157
37.The Wealth Company Balanced Advantage FundThe Wealth Company Mutual Fund-4.17—————
38.UNIFI DYNAMIC ASSET ALLOCATION FUNDUnifi Mutual Fund4.458.40————
Median: 38 schemes0.21-0.408.998.351.012,172

Detailed comparison with another fund About Balanced Advantage Funds

Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.

Scheme details

Investment objective
The fund aims to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.
Fund managers
Suman Prasad, Avnish Jain, Pranav Gokhale, Ennette Fernandes, Amit Kadam
Fund house
Canara Robeco Mutual Fund
Category
Balanced Advantage Funds · Hybrid
Plan / option
Direct · Growth
AMFI scheme code
152688
ISIN
INF760K01LD0
Scheme documents
SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.

About Balanced Advantage Funds

Balanced Advantage Funds change their equity and debt mix dynamically, often using market valuations, to manage risk.

Generally used by investors who want the fund to manage the equity–debt balance for them.

Other plans of this scheme

Tax on your gains

Likely tax treatment: Equity-oriented fund

  • Held 12 months or less: short-term gain taxed at 20%.
  • Held over 12 months: long-term gain taxed at 12.5% on gains above ₹1.25 lakh a year (the ₹1.25 lakh exemption covers all your equity funds and shares together).
  • Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
  • Switching from one scheme or plan to another counts as selling and buying.
  • Surcharge and 4% health and education cess apply on top of these rates.
Fund typeShort-termLong-term
Equity-oriented20% (up to 12 months)12.5% above ₹1.25 lakh
Debt-oriented (bought from Apr 2023)Slab rateSlab rate
Gold, international, other hybridSlab rate12.5% (after 12 or 24 months)

Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.

Fund managers

SP
AJ
PG
EF
AK

From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.

Latest news: Canara Robeco Mutual Fund

Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.

Questions about this scheme

What is the NAV of Canara Robeco Balanced Advantage Fund today?
The latest NAV of Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option is ₹10.3500 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has Canara Robeco Balanced Advantage Fund given?
As on 16 Oct 2026: 1 year -2.54%. Past returns may or may not be sustained in future.
What is the expense ratio of Canara Robeco Balanced Advantage Fund?
The expense ratio of the Direct plan is 1.00% (as of Aug 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Very High Risk. Over 3 years its volatility was 9.2% a year and its biggest fall from a peak was 11.0%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Balanced Advantage Funds?
Balanced Advantage Funds change their equity and debt mix dynamically, often using market valuations, to manage risk.
How are gains from Canara Robeco Balanced Advantage Fund taxed?
It is taxed as an equity-oriented fund: gains on units held up to 12 months are taxed at 20%; after 12 months, gains above ₹1.25 lakh a year are taxed at 12.5% (plus surcharge and cess).
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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