MonitorDirect · GrowthWatch before adding
Canara Robeco Balanced Advantage Fund
Canara Robeco Mutual FundHybrid Schemes - Balanced Advantage Fund/ Dynamic Asset Allocation2.3 years
The scheme seeks to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments.
- NAV
- 10.69
- 5 Nov 2026
- 1Y
- +0.1%
- Trailing CAGR
- AUM
- ₹1,007.12 Cr
- 30 Sept 2026
- Volatility
- Medium
- 9.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 5 Nov 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Mirae Asset Balanced Advantage Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Fail
2.3 years - thin for judging consistency.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.02% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -11.0%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Avnish Jain · 0.9 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 39.7% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 11%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+0.1%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+3.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.4%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +3.1%
- Calendar-day CAGR
- Excess 1Y
- -1.2%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -11.0%
- Worst peak-to-trough
- Current
- -0.7%
- Below last peak
- Current spell
- 307 days
- Days below latest peak
- Time below peak
- +93%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 23 days
- 12 recovered episodes
- Longest recovery
- 201 days
- Trough to prior peak
26 Sept 2024 – 17 Sept 2025
Trough 28 Feb 2025 · recovered in 201 days
-11.0%
2 Jan 2026 – open
Trough 30 Mar 2026 · not recovered
-10.4%
19 Sept 2025 – 15 Oct 2025
Trough 26 Sept 2025 · recovered in 19 days
-1.8%
26 Nov 2025 – 2 Jan 2026
Trough 10 Dec 2025 · recovered in 23 days
-1.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
22
Vs category
43
Consistency
2
Risk-adjusted
12
Drawdown
73
Mean
30
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 76 holdings · top 10 are 39.7%.
- Top 5
- 26.3%
- Top 10
- 39.7%
- Largest holding
- 7.3%
- Effective holdings
- 36.2
Cash Margin
Unspecified
7.3%
HDFC Bank Ltd
Financial
5.9%
ICICI Bank Ltd
Financial
5.1%
Reliance Industries Ltd
Energy & Utilities
4.6%
Bharti Airtel Ltd
Technology
3.4%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
5 Nov 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
4 Nov 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
3 Nov 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
30 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Mirae Asset Balanced Advantage Fund
Mirae Asset Mutual Fund
- 1Y
- +4.3%
- 3Y
- +11.2%
- Vol
- 7.1%
- Max DD
- -7.5%
- Sharpe
- 0.74
- 3Y win
- +72%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
WhiteOak Capital Balanced Advantage Fund
WhiteOak Capital Mutual Fund
- 1Y
- +3.4%
- 3Y
- +12.5%
- Vol
- 7.9%
- Max DD
- -9.6%
- Sharpe
- 0.90
- 3Y win
- +99%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis Balanced Advantage Fund
Axis Mutual Fund
- 1Y
- +2.8%
- 3Y
- +12.8%
- Vol
- 8.2%
- Max DD
- -17.2%
- Sharpe
- 0.53
- 3Y win
- +47%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Mahindra Manulife Balanced Advantage Fund
Mahindra Manulife Mutual Fund
- 1Y
- +3.5%
- 3Y
- +12.1%
- Vol
- 9.6%
- Max DD
- -9.8%
- Sharpe
- 0.52
- 3Y win
- +93%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Shriram Balanced Advantage Fund
Shriram Mutual Fund
- 1Y
- -0.8%
- 3Y
- +7.2%
- Vol
- 9.2%
- Max DD
- -14.6%
- Sharpe
- 0.38
- 3Y win
- +15%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown