| Launch date | 12 Jul 2024 |
| Allotment date | 02 Aug 2024 |
| End date | 26 Jul 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.93%
Inclusive of GST
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 365 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
Fund management
Suman PrasadJul 2024 - PresentView details
Avnish JainDec 2025 - PresentView details
Pranav GokhaleMay 2025 - PresentView details
Ennette FernandesJul 2024 - PresentView details
Amit KadamJul 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #18 in India |
|---|---|
| Total AUM | ₹1,20,121.04Cr |
| Date of Incorporation | 19 Dec 1987 |
|---|
Canara Robeco Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Canara Robeco Mutual Fund. This scheme was made available to investors on 19 Dec 1987. Suman Prasad is the Current Fund Manager of Canara Robeco Balanced Advantage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,20,121 Cr and the Latest NAV as of 08 Apr 2026 is ₹10.19. The Canara Robeco Balanced Advantage Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 365 days. ;
Investment Objective
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. ;
| Fund benchmark | CRISIL Hybrid 50+50 Moderate Index |
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Fund house contact details
Peer Comparison
| Hybrid, Dynamic Asset Allocation funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
HDFC Balanced Advantage Fund Direct Growth | 5 | 6.8% | 16.6% | 1,07,589.67 |
SBI Balanced Advantage Fund Direct Growth | 5 | 9.4% | 13.6% | 40,952.47 |
DSP Dynamic Asset Allocation Fund Direct Growth | 4 | 7.9% | 13.4% | 3,731.96 |
ICICI Prudential Balanced Advantage Direct Growth | 4 | 11.2% | 13.3% | 71,150.75 |
Nippon India Balanced Advantage Fund Direct Growth | 4 | 8.1% | 13.1% | 9,687.94 |