Stocks
Mutual Funds
ETFs
Pro Tools
Terminal
WealthView
Pricing
Learn More
mutual funds
canara robeco banking and financial services fund directgrowth
Canara Robeco Mutual Fund

Canara Robeco Banking And Financial Services Fund Direct-Growth

Equity: Sectoral-Banking & Financial Services - Growth (Open ended)
Risk levelCategoryBenchmark
Copyright © 2026 sharpely. All rights reserved.
Factsheet
SEBI Riskometer: Very HighCategory: Equity: Sectoral-Banking & Financial ServicesBenchmark: NIFTY Financial Services Total Return IndexCheck Portfolio Overlap →
NAV: ₹11.08-0.18%
07 Sept 2026
1 Week returns: -1.69 %
Category rank: 41/48
1 Month returns: 0.00 %
Category rank: 20/47
1 Year CAGR: -
Category rank: -
3 Years CAGR: -
Category rank: -
5 Years CAGR: -
Category rank: -
52 week high/low
₹9.78
₹11.27
AUM
631.64
Expense Ratio
1.07
Inception
1774310.00
P/E
20.86
P/B
2.70
Max Drawdown
-0.06
Return 1M
0.00
Return 1Y
-
Return 3Y
-
Return 5Y
-
Alpha
-
Sharpe
-

Key Talking Points

Important talking points about the scheme's performance, expense ratio and other factors — grouped by positive, negative, and neutral stance.
Positive
Relatively low expense ratio

Expense ratio of the scheme (1.07%) is lower than average expense ratio of the category (1.86%), excluding index funds and ETFs

This measures the relative expense of the scheme with respect to average expense ratio of the category. Investors should always prefer schemes with lower expense, everything else remaining the same

What is Expense ratio?

Negative
Not enough talking points with negative stance
Neutral
Not enough performance data

Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis

Scheme Overview

The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments of entities engaged in the banking and financial services sector. There is no assurance that the investment objective of the Scheme will be achieved.

Scheme Category Overview →

Plan Variants

Canara Robeco Banking And Financial Services Fund Direct-IDCW
Plan
IDCW
Payout
Irregular

Fund Managers

Shridatta Bhandwaldar
Since: 27 Feb 2026
View details
Education
Mr. Bhandwaldar is a BE (Mechanical) and MMS (Finance).
Past Experience
Prior to joining Canara Robeco Mutual Fund he was associated with SBI Pension Funds Pvt. Ltd. (Jul 2012-Jun 2016) as Head-Research, Heritage India Advisory Pvt. Ltd. (Oct 2009-Jun 2012) as Senior Equity Analyst, Motilal Oswal Securities (Jan 2008-Sep 2009) and MF Global Securities (Apr 2006-Dec 2008).
Amit Kadam
Since: 27 Feb 2026
View details
Education
Mr. Kadam is a BE (Electronics), MMS (Finance)
Past Experience
Prior to joining Canara Robeco Asset Management Company Ltd he has worked with LIC Mutual Fund Asset Management Ltd, Sykes and Ray Equities (I) Ltd.

Key Scheme Details

Inception
23 Mar 2026
Expense Ratio
1.07%
AUM
₹631.64 Cr
Lock in
No lock in
Taxation
Equity
Min. Investment
₹5,000
Min. Addl Investment
-
Min. SIP Investment
₹1,000
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 365 days.

AMC Overview

Canara Robeco Mutual Fund background and AUM insights, category-wise distribution and historical AUM growth.

AUM Analysis

AUM distribution as on date:
Jul 31, 2026
Total AUM: ₹ 1,24,492 Cr
Equity
₹ 99,989 Cr
Hybrid
₹ 14,720 Cr
Debt
₹ 9,783 Cr
Dec 31, 2021Jan 31, 2022Feb 28, 2022Mar 31, 2022Apr 30, 2022May 31, 2022Jun 30, 2022Jul 31, 2022Aug 31, 2022Sep 30, 2022Oct 31, 2022Nov 30, 2022Dec 31, 2022Jan 31, 2023Feb 28, 2023Mar 31, 2023Apr 30, 2023May 31, 2023Jun 30, 2023Jul 31, 2023Aug 31, 2023Sep 30, 2023Oct 31, 2023Nov 30, 2023Dec 31, 2023Jan 31, 2024Feb 29, 2024Mar 31, 2024Apr 30, 2024May 31, 2024Jun 30, 2024Aug 31, 2024Sep 30, 2024Oct 31, 2024Nov 30, 2024Dec 31, 2024Jan 31, 2025Feb 28, 2025Mar 31, 2025Apr 30, 2025May 31, 2025Jun 30, 2025Jul 31, 2025Aug 31, 2025Sep 30, 2025Oct 31, 2025Nov 30, 2025Dec 31, 2025Jan 31, 2026Feb 28, 2026Mar 31, 2026Apr 30, 2026May 31, 2026Jun 30, 2026Jul 31, 2026
equity32,699 Cr33,599 Cr33,397 Cr35,938 Cr36,396 Cr36,425 Cr35,879 Cr40,194 Cr42,588 Cr42,623 Cr45,021 Cr46,367 Cr46,621 Cr46,293 Cr46,675 Cr47,740 Cr50,061 Cr52,536 Cr55,124 Cr57,212 Cr59,191 Cr60,356 Cr59,365 Cr63,961 Cr68,136 Cr69,211 Cr70,658 Cr72,842 Cr75,610 Cr77,132 Cr83,811 Cr89,093 Cr91,379 Cr87,118 Cr88,366 Cr88,584 Cr-77,662 Cr83,816 Cr86,917 Cr90,926 Cr94,822 Cr93,380 Cr92,572 Cr93,728 Cr97,214 Cr97,671 Cr96,941 Cr93,986 Cr94,716 Cr85,494 Cr94,847 Cr94,558 Cr97,488 Cr99,989 Cr
hybrid8,561 Cr8,708 Cr8,699 Cr8,994 Cr8,800 Cr8,718 Cr8,546 Cr9,183 Cr9,469 Cr9,317 Cr9,619 Cr9,736 Cr9,507 Cr9,351 Cr9,305 Cr9,333 Cr9,537 Cr9,770 Cr9,980 Cr10,116 Cr10,034 Cr10,071 Cr9,839 Cr10,301 Cr10,707 Cr10,753 Cr10,802 Cr10,882 Cr11,061 Cr11,126 Cr11,604 Cr13,501 Cr13,744 Cr13,310 Cr13,357 Cr13,182 Cr11,374 Cr12,130 Cr12,744 Cr13,066 Cr14,247 Cr14,624 Cr14,439 Cr14,273 Cr14,427 Cr14,825 Cr14,893 Cr14,830 Cr14,597 Cr14,697 Cr13,396 Cr14,324 Cr14,231 Cr14,442 Cr14,720 Cr
debt5,550 Cr5,579 Cr5,026 Cr4,871 Cr4,664 Cr4,782 Cr4,609 Cr4,640 Cr5,215 Cr5,475 Cr5,564 Cr5,897 Cr5,871 Cr6,494 Cr5,795 Cr5,399 Cr6,313 Cr6,778 Cr5,779 Cr6,383 Cr6,294 Cr6,012 Cr6,763 Cr6,039 Cr5,128 Cr6,386 Cr6,525 Cr5,047 Cr6,414 Cr6,539 Cr6,313 Cr6,726 Cr5,741 Cr6,584 Cr6,031 Cr5,928 Cr8,230 Cr7,912 Cr6,943 Cr8,689 Cr8,062 Cr8,732 Cr10,329 Cr10,873 Cr9,680 Cr10,791 Cr9,625 Cr8,401 Cr9,158 Cr10,708 Cr7,888 Cr9,246 Cr10,475 Cr7,996 Cr9,783 Cr
commodities-------------------------------------------------------
Total46,810 Cr47,886 Cr47,122 Cr49,804 Cr49,860 Cr49,924 Cr49,034 Cr54,016 Cr57,271 Cr57,415 Cr60,203 Cr62,000 Cr61,998 Cr62,138 Cr61,775 Cr62,472 Cr65,910 Cr69,084 Cr70,883 Cr73,711 Cr75,519 Cr76,440 Cr75,968 Cr80,301 Cr83,972 Cr86,351 Cr87,985 Cr88,771 Cr93,085 Cr94,797 Cr1,01,727 Cr1,09,320 Cr1,10,864 Cr1,07,012 Cr1,07,754 Cr1,07,695 Cr19,603 Cr97,704 Cr1,03,502 Cr1,08,671 Cr1,13,234 Cr1,18,177 Cr1,18,148 Cr1,17,718 Cr1,17,835 Cr1,22,830 Cr1,22,188 Cr1,20,171 Cr1,17,740 Cr1,20,121 Cr1,06,778 Cr1,18,416 Cr1,19,264 Cr1,19,926 Cr1,24,492 Cr

AMC Details

AMC
Canara Robeco Mutual Fund
CEO
Rajnish Narula(Managing Director and Chief Executive Officer)
CIO
Shridatta Bhandwaldar(Chief Investment Officer-Equity), Avnish Jain(Chief Investment Officer-Debt)
IRO
Pallavi Singh
Trustee
Canara Bank
Address
4th Floor - Construction House,, 5 - Walchand Hirachand Marg,, Mumbai

Frequently Asked Questions

What is the current NAV of Canara Robeco Banking And Financial Services Fund Direct-Growth?
The current NAV of Canara Robeco Banking And Financial Services Fund Direct-Growth is ₹11.08 as of 6 Sep 2026. The NAV of a mutual fund reflects the per-unit market value of the fund's holdings and is updated at the end of every trading day.
What is the AUM of Canara Robeco Banking And Financial Services Fund Direct-Growth?
The AUM (Assets Under Management) of Canara Robeco Banking And Financial Services Fund Direct-Growth is ₹631.64 crore. AUM represents the total market value of assets the fund currently manages on behalf of its investors.
What is the expense ratio of Canara Robeco Banking And Financial Services Fund Direct-Growth?
The expense ratio of Canara Robeco Banking And Financial Services Fund Direct-Growth is 1.07% per annum. This is the annual fee charged by the fund house to manage your investment. A lower expense ratio means more of your returns stay with you — which is one reason direct plans have a lower expense ratio than regular plans.
Who is the fund manager of Canara Robeco Banking And Financial Services Fund Direct-Growth?
Canara Robeco Banking And Financial Services Fund Direct-Growth is managed by Shridatta Bhandwaldar, Amit Kadam. You can check the full list of fund managers in the "Fund Manager" section above.
What is the benchmark of Canara Robeco Banking And Financial Services Fund Direct-Growth?
The benchmark of Canara Robeco Banking And Financial Services Fund Direct-Growth is NIFTY Financial Services Total Return Index. This is the index against which the fund's performance is measured. Consistently beating the benchmark over long periods is a key indicator of a fund manager's skill.
When was Canara Robeco Banking And Financial Services Fund Direct-Growth launched?
Canara Robeco Banking And Financial Services Fund Direct-Growth was launched on 23 Mar 2026. The fund has been in existence for 0 years. A longer track record gives investors more data to evaluate how the fund has performed across different market cycles.
What is the minimum investment in Canara Robeco Banking And Financial Services Fund Direct-Growth?
The minimum investment in Canara Robeco Banking And Financial Services Fund Direct-Growth is ₹5,000 for a lump sum and ₹1,000 per month for a SIP (Systematic Investment Plan). SIPs allow you to invest a fixed amount regularly, making it easier to build wealth over time without needing a large upfront amount.
What is the exit load on Canara Robeco Banking And Financial Services Fund Direct-Growth?
Canara Robeco Banking And Financial Services Fund Direct-Growth has an exit load — Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 365 days.. Exit load is charged to discourage early withdrawals and protect long-term investors in the fund.
What category does Canara Robeco Banking And Financial Services Fund Direct-Growth belong to?
Canara Robeco Banking And Financial Services Fund Direct-Growth belongs to the Equity: Sectoral-Banking & Financial Services category. You can view other funds in this category.