Canara Robeco Mid Cap Fund
Direct · GrowthAI Summary
Canara Robeco Mid Cap Fund has delivered a 3Y SIP XIRR of 13.28%, which trails the category average of 19.83% by a wide margin, while its 1Y XIRR of 15.17% is only slightly below the category's 15.99%. Against the NIFTY MIDCAP 150, the fund has outperformed on a lump-sum basis across most periods, with a 3Y fund CAGR of 15.1% versus the benchmark's 12.48% and a 3Y alpha of 3.08%. However, the alpha has narrowed over longer horizons, turning marginally negative at 15Y (-0.0117%).
The fund shows defensive characteristics with a beta below 1 across all periods (0.89-0.96) and downside capture consistently below upside capture, such as 90.54% downside versus 93.89% upside over 3Y. Only 2 drawdown events exceeded 10%, and the maximum drawdown of -21.24% took 173 days to recover. Calmar ratios of 1.02 (1Y) and 0.95 (3Y) indicate reasonable risk-adjusted returns relative to the drawdown experienced.
Detailed holdings and sector allocation data were not provided in this dataset, so portfolio composition cannot be assessed here. Investors should review the fund's latest factsheet to evaluate top holdings, sector concentration, and diversification before investing. The fund's sub-1 beta suggests a portfolio that is not aggressively positioned relative to the midcap benchmark.
The fund lags its category on SIP XIRR at both 1Y (15.17% vs 15.99%) and 3Y (13.28% vs 19.83%), indicating below-average SIP outcomes versus midcap peers. On a lump-sum basis, however, it has consistently beaten the NIFTY MIDCAP 150 over 1Y, 3Y, 5Y, 7Y, and 10Y with positive alpha. Calendar year returns show uneven consistency, ranging from 33.57% in 2023 to -1.0% in 2022 and 1.32% in 2026 YTD.
This fund suits investors seeking midcap exposure with a long-term horizon of at least 5-7 years, given the volatility inherent in the midcap segment and the fund's uneven calendar-year performance. Its defensive capture ratios make it relatively better suited to moderately risk-tolerant investors who want midcap growth with somewhat cushioned downside. SIP investors should note that category peers have delivered notably better SIP XIRR in recent years.
- Consistent outperformance versus the NIFTY MIDCAP 150 on a lump-sum basis, with a 3Y alpha of 3.08% and fund CAGR of 15.1% versus the benchmark's 12.48%
- Defensive risk profile with downside capture (90.54% over 3Y) below upside capture (93.89%) and beta below 1 across all periods
- Low-cost direct option with a competitive expense ratio of 0.65%
- SIP XIRR significantly trails the category average, with 3Y XIRR of 13.28% versus the category's 19.83%
- Alpha has steadily eroded over longer horizons, turning marginally negative at 15Y (-0.0117%), raising questions about sustained long-term outperformance
- Uneven calendar-year returns, including -1.0% in 2022 and just 1.32% in 2026 YTD, highlight inconsistency
Generated on 23-10-2026, 2:53 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 | ₹12.94 L | 21.7% | -23.5% | 70.1% |
| 3 Years | ₹36.00 L | ₹43.60 L | 13.6% | 3.9% | 21.5% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY MIDCAP 150 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 21.7% | 21.9% | 15.9% | -0.2% |
| 3 Years | 13.6% | 17.2% | 19.8% | -3.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 21.6% | 13.1% | -4.3% | 56.5% | 0.84 | 8.06 | 98% | — | — |
| 3 Years | 20.1% | 20.3% | 14.3% | 23.3% | 6.66 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY MIDCAP 150
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +1.43 | 0.96 | 97.4% | 95.7% | -4.3% | -6.1% |
| 3 Years | +2.51 | 0.92 | 93.9% | 90.9% | 14.3% | 12.3% |
| 5 Years | +1.28 | 0.89 | 90.0% | 87.1% | 11.9% | 11.1% |
| 7 Years | +0.70 | 0.89 | 90.0% | 87.1% | 8.3% | 7.8% |
| 10 Years | +0.26 | 0.89 | 90.0% | 87.1% | 5.8% | 5.4% |
| 12 Years | +0.11 | 0.89 | 90.0% | 87.1% | 4.8% | 4.5% |
| 15 Years | -0.06 | 0.89 | 90.0% | 87.1% | 3.8% | 3.6% |