Canara Robeco Manufacturing Fund
Direct · GrowthAI Summary
Canara Robeco Manufacturing Fund has delivered strong alpha over the NIFTY 50 across all time horizons, with a 1Y alpha of 19.47% and a 3Y alpha of 11.37%. Its 3Y lump-sum CAGR of 14.38% far exceeds the benchmark's 3.08%. However, its 1Y SIP XIRR of 7.05% trails the category average of 14.1%, indicating recent SIP investors have had a weaker experience relative to peers.
The fund shows a beta of roughly 1.02 with a downside capture of 89.72% and upside capture of 107.26%, meaning it falls less than the benchmark in down markets while capturing more of the upside. Only one drawdown event exceeding 10% has occurred, though recovery from the maximum drawdown took 425 days. The 1Y Calmar ratio of 0.30 suggests modest risk-adjusted returns relative to the depth of its worst drawdown.
Detailed holdings data was not provided, but as a sectoral/thematic fund focused on the manufacturing theme, the portfolio is expected to be concentrated in manufacturing-linked sectors such as capital goods, industrials, and auto ancillaries. Thematic concentration inherently reduces diversification compared to diversified equity funds. Investors should verify current sector allocation and top holdings before investing.
Against the NIFTY 50, the fund has been remarkably consistent, delivering positive alpha across every window from 1Y to 15Y, though alpha naturally compresses from 19.47% at 1Y to 2.22% at 15Y. Its lump-sum CAGRs of 14.38% (3Y) and 8.4% (5Y) compare favorably to benchmark returns of 3.08% and 1.83% respectively. The recent 1Y SIP XIRR of 7.05% versus the category's 14.1% suggests near-term underperformance versus sectoral/thematic peers.
This fund suits investors with high risk tolerance and a time horizon of at least 5-7 years, given the cyclicality of the manufacturing theme and the long recovery period from its maximum drawdown. It should be treated as a satellite allocation rather than a core holding due to its thematic concentration. Investors comfortable with sector rotation risk and willing to hold through extended drawdowns will be best positioned to benefit.
- Consistent positive alpha over NIFTY 50 across all measured periods from 1Y to 15Y
- Favorable capture profile with 107.26% upside capture versus 89.72% downside capture over 3Y and longer
- Low expense ratio of 0.9% for a thematic equity fund in the direct plan
- 1Y SIP XIRR of 7.05% significantly trails the category average SIP XIRR of 14.1%
- Long recovery time of 425 days from maximum drawdown highlights extended downside periods
- Thematic concentration in manufacturing exposes investors to sector cyclicality and reduced diversification
Generated on 09-09-2026, 3:36 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 | ₹12.61 L | 7.1% | -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 | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 7.1% | 14.4% | 14.1% | -7.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 7.3% | 6.7% | -4.8% | 25.1% | 0.11 | 0.18 | 80% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +19.47 | 0.98 | 105.3% | 79.7% | 16.7% | -2.9% |
| 3 Years | +11.37 | 1.02 | 107.3% | 89.7% | 14.4% | 3.1% |
| 5 Years | +6.66 | 1.02 | 107.3% | 89.7% | 8.4% | 1.8% |
| 7 Years | +4.72 | 1.02 | 107.3% | 89.7% | 5.9% | 1.3% |
| 10 Years | +3.31 | 1.02 | 107.3% | 89.7% | 4.1% | 0.9% |
| 12 Years | +2.77 | 1.02 | 107.3% | 89.7% | 3.4% | 0.8% |
| 15 Years | +2.22 | 1.02 | 107.3% | 89.7% | 2.7% | 0.6% |