Canara Robeco Savings Fund Crosses ₹56 Lakh with SIP Over 21 Years

A monthly SIP in the Canara Robeco Savings Fund has grown to over ₹56 lakh over 21 years, according to data released by Canara Robeco Mutual Fund, as the scheme celebrates its 21-year track record.

Performance of ₹10,000 SIP

The fund house reported that a ₹10,000 monthly SIP in the scheme’s Regular Plan, Growth Option, started on March 4, 2005, would have amounted to ₹25.2 lakh by February 27, 2026, and grown to ₹56.46 lakh. This reflects an extended internal rate of return (XIRR) of 7.09%, based on historical performance.

For its Regular Plan – Growth Option, the scheme posted:

• 1-year CAGR: 6.98%
• 3-year CAGR: 7.16%
• 5-year CAGR: 5.85%

This compares with the CRISIL Low Duration Debt A-I Index, which delivered 6.89%, 7.34%, and 6.22%, respectively, and the CRISIL 1 Year T-Bill Index, which returned 5.70%, 6.85%, and 5.67% over the same periods.

Since its inception, the scheme has delivered a CAGR of 7.29%, slightly higher than the benchmark’s 7.21%. A ₹10,000 lump sum investment at inception would have grown to ₹43,819, versus ₹43,183 for the benchmark and ₹34,698 for the secondary benchmark.

Also Read: Upcoming NFO: Zerodha Fund House Launches Mid-Small Cap Index Fund

About the Fund

Canara Robeco Mutual Fund, founded in 1987, is a joint venture between Canara Bank and ORIX Corporation Europe.

The scheme is an open-ended, low-duration debt fund investing in debt and money market instruments, maintaining a Macaulay duration of six to 12 months. Its goal is to generate regular income with potential capital appreciation, though the fund house notes that returns are not guaranteed. As of February 28, the fund’s assets under management (AUM) stood at ₹1,353 crore.

The fund is managed by Kunal Jain and Avnish Jain. It has the flexibility to invest 0–100% of assets in debt and money market instruments, with up to 10% exposure to InvITs.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.