Canara Robeco Balanced Advantage Fund
Dynamic Asset Allocation or Balanced Advantage · Canara Robeco Asset Management Company Limited
Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹88,980. Its ride has historically been comparatively steady.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Canara Robeco Balanced Advantage Fund is a Dynamic Asset Allocation or Balanced Advantage fund from Canara Robeco Asset Management Company Limited. It has a track record of about 2.1 years. As of the latest data it carries an RS rating of 59/99 (its recent momentum versus category peers). The current NAV is ₹10.36 (as of 2026-09-16).
Growth of ₹100 - last 2 years
Canara Robeco Balanced Advantage Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -3.09% | -2.55% |
| 3 months | 0.29% | 0.65% |
| 6 months | 3.29% | 3.72% |
| 1 year | -1.05% | 1.46% |
Its trailing one-year return is -1.05%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Canara Robeco Balanced | Benchmark |
|---|---|---|
| 2025 | +6.1% | n/a |
| 2026 | -3.1% | n/a |
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -11.02% | -16.31% |
| Worst drawdown (3Y) | -11.02% | -9.91% |
| Volatility (1Y) | 11.79% | 10.51% |
| Sharpe (3Y) | -0.48 | 0.28 |
| Bull-market return | 13.3% | 18.15% |
| Bear-market return | -16.9% | -14.83% |
Timing matters more than people admit: the best possible 1-year stretch in Canara Robeco Balanced Advantage Fund (starting 2025-02-14) gained 11.0%, while the worst (starting 2025-06-06) lost 3.0%. The worst peak-to-bottom fall Canara Robeco Balanced Advantage Fund has ever put investors through is -11.02% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -16.9% annualised, versus 13.3% in rising markets.
How Canara Robeco Balanced Advantage Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), Canara Robeco Balanced Advantage Fund has historically returned about -16.9% annualised, versus roughly 13.3% when the market is rising. Its deepest fall on record is -11.02%. Right now it sits about 3.81% below its all-time high (last hit 2026-01-02). The real question isn't the average year - it's whether you could hold on through the worst one.
How Canara Robeco Balanced Advantage Fund ranks in its category
Percentile versus its ~135 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
Rolling-return data isn't available for this fund yet.
What Canara Robeco Balanced Advantage Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 35.7% of the portfolio, across 58 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
Canara Robeco Balanced Advantage Fund shares Axis Balanced Advantage Fund (3%), Mirae Asset Balanced Advantage Fund (3%), WhiteOak Capital Balanced Advantage Fund (1%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.
Who manages Canara Robeco Balanced Advantage Fund - and how good are they?
Canara Robeco Balanced Advantage Fund is managed by Suman Prasad, Avnish Jain and Pranav Gokhale. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Suman Prasad's full record
Suman Prasad currently runs 6 funds, across Banking and PSU Fund, Conservative Hybrid Fund, Dynamic Asset Allocation or Balanced Advantage, Medium to Long Duration Fund and more, with about ₹2,415 Cr under management. The book's average King Score is 75.6/100. Their strongest fund by King Score is Canara Robeco Conservative Hybrid Fund (83/100); Canara Robeco Balanced Advantage Fund ranks #6 of 6 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Canara Robeco Conservative Hybrid Fund | 96 | 83 | 1.5% | 3.7% | 2.7% | 7.5% | 6.9% | 8.6% | 0.27 | 9.3% | -10.2% |
| 2 | Canara Robeco Overnight Fund | 80 | 78 | 1.3% | 2.6% | 5.3% | 6.0% | 5.7% | n/a | -1.62 | 5.5% | 0.0% |
| 3 | Canara Robeco Banking and PSU Debt Fund | 61 | 73 | 1.0% | 2.5% | 4.9% | 6.6% | n/a | n/a | 0.11 | 7.0% | -0.7% |
| 4 | Canara Robeco Income Fund | 53 | 73 | 0.7% | 1.8% | 3.6% | 6.2% | 5.3% | 6.6% | -0.13 | 7.7% | -5.5% |
| 5 | Canara Robeco Short Duration Fund | 93 | 71 | 1.5% | 3.0% | 5.6% | 7.0% | 6.0% | 6.9% | 0.6 | 7.7% | -2.1% |
| 6 | Canara Robeco Balanced Advantage Fund (this page) | 59 | n/a | 0.3% | 3.3% | -1.1% | n/a | n/a | n/a | -0.48 | n/a | -11.0% |
Avnish Jain's full record
Avnish Jain currently runs 9 funds, across Banking and PSU Fund, Conservative Hybrid Fund, Dynamic Asset Allocation or Balanced Advantage, Gilt Fund and more, with about ₹4,575 Cr under management. The book's average King Score is 76.1/100. Their strongest fund by King Score is Canara Robeco Conservative Hybrid Fund (83/100); Canara Robeco Balanced Advantage Fund ranks #9 of 9 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Canara Robeco Conservative Hybrid Fund | 96 | 83 | 1.5% | 3.7% | 2.7% | 7.5% | 6.9% | 8.6% | 0.27 | 9.3% | -10.2% |
| 2 | Canara Robeco Savings Fund | 93 | 82 | 1.8% | 3.4% | 6.4% | 7.2% | 6.4% | 6.6% | 1.2 | 7.4% | -1.4% |
| 3 | Canara Robeco Overnight Fund | 80 | 78 | 1.3% | 2.6% | 5.3% | 6.0% | 5.7% | n/a | -1.62 | 5.5% | 0.0% |
| 4 | Canara Robeco Banking and PSU Debt Fund | 61 | 73 | 1.0% | 2.5% | 4.9% | 6.6% | n/a | n/a | 0.11 | 7.0% | -0.7% |
| 5 | Canara Robeco Income Fund | 53 | 73 | 0.7% | 1.8% | 3.6% | 6.2% | 5.3% | 6.6% | -0.13 | 7.7% | -5.5% |
| 6 | Canara Robeco Gilt Fund | 49 | 73 | 0.9% | 1.8% | 3.1% | 6.0% | 5.4% | 6.5% | -0.17 | 7.9% | -7.8% |
| 7 | Canara Robeco Short Duration Fund | 93 | 71 | 1.5% | 3.0% | 5.6% | 7.0% | 6.0% | 6.9% | 0.6 | 7.7% | -2.1% |
| 8 | Canara Robeco Multi Asset Allocation Fund | 96 | n/a | 3.0% | 6.1% | 9.2% | n/a | n/a | n/a | 0.38 | n/a | -8.9% |
| 9 | Canara Robeco Balanced Advantage Fund (this page) | 59 | n/a | 0.3% | 3.3% | -1.1% | n/a | n/a | n/a | -0.48 | n/a | -11.0% |
Pranav Gokhale's full record
Pranav Gokhale currently runs 6 funds, across Dynamic Asset Allocation or Balanced Advantage, Flexi Cap Fund, Mid Cap Fund, Sectoral/ Thematic and more, with about ₹35,414 Cr under management. The book's average King Score is 65.3/100. Their strongest fund by King Score is Canara Robeco Mid Cap Fund (80/100); Canara Robeco Balanced Advantage Fund ranks #6 of 6 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Canara Robeco Mid Cap Fund | 70 | 80 | 1.7% | 13.1% | 3.9% | 16.2% | n/a | n/a | 0.57 | 21.2% | -21.2% |
| 2 | Canara Robeco Flexicap Fund | 41 | 61 | 0.3% | 5.5% | -2.5% | 10.6% | 9.0% | 14.1% | 0.29 | 15.7% | -33.2% |
| 3 | Canara Robeco Small Cap Fund | 28 | 55 | 3.3% | 16.2% | 4.7% | 11.9% | 14.4% | n/a | 0.32 | 29.8% | -36.2% |
| 4 | Canara Robeco Manufacturing Fund | 72 | n/a | 0.6% | 17.0% | 8.2% | n/a | n/a | n/a | 0.49 | n/a | -24.2% |
| 5 | Canara Robeco Manufacturing Fund | 72 | n/a | 0.6% | 17.0% | 8.3% | n/a | n/a | n/a | 0.49 | n/a | -24.2% |
| 6 | Canara Robeco Balanced Advantage Fund (this page) | 59 | n/a | 0.3% | 3.3% | -1.1% | n/a | n/a | n/a | -0.48 | n/a | -11.0% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.71% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹5000 |
| Fund size (AUM) | ₹1,134 Cr |
| Age | 2.1 years |
| Plan / Option | Direct · Growth |
How Canara Robeco Balanced Advantage Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| WhiteOak Capital Balanced Advantage Fund | 97 | 94 | 11.3% |
| Mirae Asset Balanced Advantage Fund | 82 | 89 | 9.6% |
| Axis Balanced Advantage Fund | 63 | 87 | 10.8% |
| SBI Balanced Advantage Fund | 52 | 87 | 9.2% |
| HSBC Balanced Advantage Fund | 83 | 85 | 9.1% |
| Baroda BNP Paribas Balanced Advantage Fund | 90 | 83 | 11.1% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Canara Robeco Balanced Advantage Fund review: the bottom line
Related
Frequently asked questions
Is Canara Robeco Balanced Advantage Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Canara Robeco Balanced Advantage Fund scores RS 59/99 within its category, and its worst drawdown was -11.02%. Compare those against your needs and the peer table above.
What is the NAV of Canara Robeco Balanced Advantage Fund today?
The latest NAV is ₹10.36 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Canara Robeco Balanced Advantage Fund?
The Direct-plan expense ratio is 0.71% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Canara Robeco Balanced Advantage Fund?
Canara Robeco Balanced Advantage Fund is managed by Suman Prasad; Avnish Jain; Pranav Gokhale; Ennette Fernandes; Amit Kadam.
Is Canara Robeco Balanced Advantage Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -11.02% - ₹1 lakh briefly becoming about ₹88,980. As a hybrid fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Canara Robeco Balanced Advantage Fund tax-efficient / what about capital gains?
As a hybrid fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Canara Robeco Balanced Advantage Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.