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Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option
★★★★★ TopFund est.
TopFund Score (fallback rating)
- Calculated by: TopFund — used only when no third-party rating exists for this fund
- Formula: 3-year trailing return percentile within category, adjusted ±1 star for expense ratio
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: A simplified 2-factor estimate, not equivalent to a rating agency's full analysis
TopFund Score: 53/100 · Average
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)—
- Expense ratio (20%)0.99%
- AUM (15%)₹1,111 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Canara Robeco Mutual Fund · Hybrid · Dynamic Asset Allocation
₹10.58
AUM: ₹1,110 Cr
NAV updated 22 days ago
Plan
Direct
Option
Growth
Risk
High
Expense Ratio
0.99%
Exit Load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 365 days.
Fund Manager
Suman Prasad
Inception
Aug 2024
Benchmark
CRISIL Hybrid 50+50 Moderate Index
Sharpe Ratio
-0.45
Std Dev (1Y)
9.86%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-0.94%
3m
+4.03%
6m
+3.12%
1y
+2.12%
3y
—
5y
—
10y
—
since inception
+2.8%
TopFund's Take on Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option
Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option sits in the middle of the pack for Dynamic Asset Allocation funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 53/100.
Cost: At 0.99%, the expense ratio is roughly in line with the Dynamic Asset Allocation category average of 0.96% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.45 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 9.86% is on the lower side for a Dynamic Asset Allocation fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option
The current NAV (Net Asset Value) of Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option is ₹10.58. NAV is updated every business day after market close by AMFI.
1Y: 2.12%
The expense ratio of Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option is 0.99% per annum. This is the annual fee charged by the fund to manage your investment.
Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option is managed by Suman Prasad at Canara Robeco Mutual Fund.
Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option is classified as a High risk fund. It is suitable for investors with a long-term horizon of 3+ years.
Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option is a Dynamic Asset Allocation fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Canara Robeco Balanced Advantage Fund - Direct Plan - Growth Option is ₹1,111 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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