Canara Robeco Multi Cap Fund
Direct · GrowthAI Summary
Canara Robeco Multi Cap Fund has delivered consistent alpha over the NIFTY 50 across all measured periods, with a 3Y fund CAGR of 16.63% versus the benchmark's 7.75% and alpha of 8.96%. However, on the primary SIP XIRR metric, the fund trails its category peers, with 1Y XIRR of 12.94% versus the category average of 15.06% and 3Y XIRR of 10.17% versus 16.01%. Lump-sum performance has been stronger, with 3Y rolling returns averaging 16.61%.
The fund exhibits strong downside protection, capturing only 84.51-86.44% of benchmark losses across periods while capturing 96.81-98.37% of upside. It recorded only 2 drawdown events exceeding 10%, with the maximum drawdown recovering in 201 days after a 154-day decline. Calmar ratios of 0.75 (1Y) and 0.91 (3Y) indicate reasonable risk-adjusted returns relative to drawdown depth.
Detailed holdings and sector allocation data were not provided in this analysis, so portfolio composition cannot be assessed. As a multi cap fund, it is mandated to invest across large, mid, and small capitalization segments, which provides built-in diversification. Investors should review the latest factsheet for specific stock and sector concentration details before investing.
The fund underperforms the category on SIP XIRR at both the 1Y (12.94% vs 15.06%) and 3Y (10.17% vs 16.01%) horizons, suggesting weaker compounding for systematic investors relative to peers. Its lump-sum record is more favorable, with 3Y rolling returns of 16.61% and calendar year returns of 23.21% in 2024 and 17.5% in 2023. The consistent positive alpha versus NIFTY 50 across 1Y to 15Y periods indicates durable benchmark outperformance despite lagging the category.
This fund suits investors seeking diversified multi cap exposure with below-benchmark downside risk and a low 0.55% expense ratio. A time horizon of at least 5 years is appropriate given the multi cap asset class volatility, and investors should be comfortable with drawdowns lasting several months. SIP investors prioritizing category-leading XIRR may want to compare peers, while lump-sum investors valuing alpha and downside capture may find it attractive.
- Consistent positive alpha versus NIFTY 50 across all periods, including 8.96% over 3Y and 5.06% over 5Y
- Strong downside protection with downside capture of only 84.51-86.44% versus benchmark
- Low expense ratio of 0.55% for a multi cap fund in the Direct Growth option
- SIP XIRR significantly trails the category average at both 1Y (12.94% vs 15.06%) and 3Y (10.17% vs 16.01%)
- Only 2 calendar years of returns shown (2023-2026) with 2025 at just 5.9% and 2026 at 2.78%, indicating recent softness
Generated on 10-09-2026, 3:04 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 | ₹12.60 L | 12.9% | -20.8% | 55.1% |
| 3 Years | ₹36.00 L | ₹41.61 L | 10.2% | 8.5% | 11.2% |
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 | 12.9% | 14.4% | 15.1% | -1.5% |
| 3 Years | 10.2% | 11.1% | 16.0% | -0.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 13.8% | 8.7% | -3.7% | 50.1% | 0.53 | 2.77 | 96% | — | — |
| 3 Years | 16.6% | 16.6% | 16.5% | 16.7% | 145.01 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +8.82 | 0.98 | 98.4% | 86.4% | 6.2% | -2.9% |
| 3 Years | +8.96 | 0.94 | 97.2% | 85.4% | 16.6% | 7.8% |
| 5 Years | +5.06 | 0.93 | 96.8% | 84.5% | 9.7% | 4.5% |
| 7 Years | +3.41 | 0.93 | 96.8% | 84.5% | 6.8% | 3.2% |
| 10 Years | +2.22 | 0.93 | 96.8% | 84.5% | 4.7% | 2.2% |
| 12 Years | +1.78 | 0.93 | 96.8% | 84.5% | 3.9% | 1.9% |
| 15 Years | +1.32 | 0.93 | 96.8% | 84.5% | 3.1% | 1.5% |