Canara Robeco Multi Cap Fund
Direct · GrowthAI Summary
Canara Robeco Multi Cap Fund has consistently outperformed the NIFTY 50 across all measured periods, with a 3Y lump-sum CAGR of 13.2% versus the benchmark's 6.46% and positive alpha at every horizon from 1Y (5.67%) to 15Y (1.06%). However, its SIP XIRR of 8.24% over both 1Y and 3Y trails the category average SIP XIRR of 11.38% (1Y) and 14.86% (3Y), indicating weaker relative performance versus multi-cap peers. Calendar year returns show volatility in outcomes, ranging from 23.21% in 2024 to -6.21% in 2026.
The fund exhibits strong downside protection with downside capture of 88.23% (1Y) and 85.58% over longer periods, well below its upside capture of roughly 96%, which explains the persistent positive alpha. Beta of around 0.93-0.96 indicates slightly lower volatility than the benchmark. The Calmar Ratio of 0.8033 over 3Y reflects reasonable risk-adjusted returns, though three drawdown events exceeding 10% and a 201-day recovery from max drawdown show meaningful interim volatility.
Portfolio composition data (top holdings and sector allocation) was not provided in this dataset, so specific concentration analysis cannot be made. As a multi-cap fund mandated by SEBI to hold at least 25% each in large, mid, and small caps, the fund inherently carries diversified market-cap exposure. Investors should review the latest factsheet for current holdings and sector weights before investing.
Against multi-cap peers, the fund underperforms on SIP XIRR — 8.23% over 3Y versus the category average of 14.86%, a gap of over 6.6 percentage points. Its lump-sum benchmark-beating record and strong alpha suggest good stock selection relative to the NIFTY 50, but this has not translated into category leadership on SIP returns. The consistent positive alpha across 1Y to 15Y periods does indicate a durable, repeatable edge versus the large-cap benchmark.
This fund suits investors seeking diversified exposure across market capitalizations with a preference for downside protection, given its below-benchmark downside capture. A minimum horizon of 5-7 years is appropriate to ride out drawdowns like the 154-day max drawdown duration and the -6.21% calendar year 2026 return. Investors with moderate risk tolerance who prioritize benchmark outperformance over category-topping SIP returns may find it suitable, though those seeking the best multi-cap SIP outcomes should compare peers.
- Consistent positive alpha versus NIFTY 50 across all periods from 1Y (5.67%) to 15Y (1.06%), with 3Y alpha of 6.74%
- Strong downside protection with downside capture of 85.58-88.23% versus upside capture of roughly 96%, aiding loss mitigation in weak markets
- Low expense ratio of 0.55% for a multi-cap fund, keeping costs competitive in the direct plan
- SIP XIRR significantly lags the category average — 8.23% over 3Y versus 14.86% for peers, a gap of 6.63 percentage points
- Three drawdown events exceeding 10% and a 201-day recovery from max drawdown indicate meaningful interim volatility for investors
Generated on 30-10-2026, 2:16 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 | ₹12.56 L | 12.1% | -20.8% | 55.1% |
| 3 Years | ₹36.00 L | ₹41.24 L | 8.3% | 1.8% | 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 | 12.1% | 14.3% | 11.3% | -2.1% |
| 3 Years | 8.3% | 11.0% | 14.8% | -2.7% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 12.7% | 8.0% | -6.3% | 50.1% | 0.45 | 1.96 | 93% | — | — |
| 3 Years | 14.7% | 14.5% | 12.0% | 16.9% | 5.09 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +6.72 | 0.96 | 95.4% | 86.2% | -4.5% | -12.0% |
| 3 Years | +7.09 | 0.94 | 95.3% | 85.8% | 13.3% | 6.2% |
| 5 Years | +4.50 | 0.93 | 95.4% | 84.8% | 8.1% | 3.4% |
| 7 Years | +3.03 | 0.93 | 95.4% | 84.8% | 5.8% | 2.4% |
| 10 Years | +1.95 | 0.93 | 95.4% | 84.8% | 4.0% | 1.7% |
| 12 Years | +1.55 | 0.93 | 95.4% | 84.8% | 3.3% | 1.4% |
| 15 Years | +1.13 | 0.93 | 95.4% | 84.8% | 2.6% | 1.1% |