Canara Robeco Manufacturing Fund
Direct · GrowthAI Summary
Canara Robeco Manufacturing Fund delivered a 1Y SIP XIRR of 10.63%, trailing the thematic category average of 11.61% by roughly 1 percentage point. Its 1Y rolling return of 9.32% and calendar-year returns show a sharp deceleration, from 26.27% in 2024 to just 1.35% in 2025 and 2.82% in 2026 year-to-date. Overall, recent performance suggests the fund is underperforming both its category and its own historical momentum.
The fund's maximum drawdown of -0.24% is unusually shallow, though the 154-day drawdown duration and 425-day recovery indicate slow rebound behavior, and there have been 2 drawdown events exceeding 10%. A 1Y Calmar ratio of 0.3156 points to modest risk-adjusted returns relative to the risk taken. Investors should note that the long recovery period can delay capital recapture even when peak-to-trough losses are contained.
Detailed holdings and sector allocation data were not provided for this analysis, so specific top holdings and concentration levels cannot be assessed. As a manufacturing-themed fund, it is inherently concentrated in the manufacturing sector, which limits diversification relative to diversified equity funds. Investors should review the current factsheet to evaluate stock-level concentration before investing.
The fund's 1Y XIRR of 10.63% sits below the category average of 11.61%, indicating it is currently lagging thematic peers. Calendar-year returns show inconsistent delivery, with strong outperformance in 2024 (26.27%) followed by two consecutive years of low single-digit returns. This uneven pattern suggests the fund is highly sensitive to manufacturing sector cycles rather than delivering steady category-beating performance.
This fund is best suited for investors with a high risk tolerance and a time horizon of at least 5-7 years, given the thematic concentration and recent return volatility. It should serve as a satellite allocation within a diversified portfolio rather than a core holding. Investors comfortable with sector-cycle swings and multi-year recovery periods may find the low expense ratio of 0.9% attractive for long-term manufacturing exposure.
- Competitive direct-plan expense ratio of 0.9%, which supports long-term compounding
- Strong 2024 performance of 26.27% demonstrates capacity for sharp outperformance in favorable manufacturing cycles
- Contained average drawdown of -0.06% suggests generally controlled downside in most periods
- 1Y SIP XIRR of 10.63% trails the category average of 11.61%, indicating recent underperformance versus peers
- Sharp return deceleration across calendar years, from 26.27% in 2024 to 1.35% in 2025 and 2.82% in 2026, raises consistency concerns
- Long 425-day recovery from maximum drawdown and a modest Calmar ratio of 0.3156 point to weak risk-adjusted returns
Generated on 29-10-2026, 2:18 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.64 L | 8.2% | -28.7% | 28.3% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 8.2% | 11.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 7.6% | 7.6% | -4.8% | 25.1% | 0.16 | 0.28 | 82% | — | — |