Canara Robeco Large and Mid Cap Fund turns Rs 10,000 SIP to Rs 2 crore in over 2 decades

Canara Robeco Large and Mid Cap Fund, a large and midcap fund managed by Canara Robeco Mutual Fund, turned a Rs 10,000 monthly SIP to Rs 1,97,34,611, delivering an XIRR of 16.89% in nearly 21 years since its inception.

A lumpsum investment of Rs 10,000 invested in the scheme (Regular Plan – Growth Option) at inception would have grown to Rs 2.44 lakh as on February 27, 2026 as against Rs 1.57 lakh in the additional benchmark.

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The investment objective of the scheme is to generate capital appreciation by investing in a diversified portfolio of large and midcap entities. The benchmark of the scheme is the NIFTY LargeMidcap 250 TRI (Total Return Index). The scheme is managed by Amit Nadekar (Senior Fund Manager) and Shridatta Bhandwaldar ( Chief Investment Officer- Equities).

"Completing over two decades of wealth creation is a meaningful milestone and reflects the enduring confidence investors have placed in us. Over the years, we have endeavored to build a robust investment platform that consistently identifies opportunities across market segments while staying aligned with investor goals,” said Rajnish Narula, Managing Director and Chief Executive Officer, Canara Robeco Asset Management Company.

“As a fund house, we remain focused on maintaining strong investment processes and thoughtful portfolio construction. Our commitment continues to be towards supporting investors in their long-term financial journey,” Narula further said.

The scheme can allocate 35% to 65% of the total assets towards Large Cap equity and equity-related instruments, 35% to 65% of the total assets in Mid Cap equity and equity-related instruments, and 0% to 30% of the total assets towards other equity and equity-related instruments, debt and money market instruments. The scheme can also invest in InviTs 0% to 10% of the total assets.

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“Canara Robeco Large and Mid Cap Fund follows a structured approach to investing across large and mid-sized companies, enabling the portfolio to participate in opportunities across different stages of business growth. By maintaining an allocation between the two segments, the Scheme seeks to combine the resilience of established leaders with the expansion potential of emerging businesses,” said Shridatta Bhandwaldar, Chief Investment Officer – Equities at Canara Robeco Asset Management Company.

“Our focus remains on identifying quality businesses with strong fundamentals, scalable models, and growth potential companies, intending to create long-term value for investors,” he added.

The Assets Under Management (AUM) of the Canara Robeco Large and Mid Cap Fund was Rs 24,730.52 crore as of February 28, 2026. The last 1-year, 3 years and 5 years Compounded Annual Growth Rate (CAGR) returns of Regular Plan - Growth Option of the scheme was 12.64%, 16.23% and 13.73% as compared to 20.18%, 20.59% and 17.07% of the benchmark (NIFTY LargeMidcap 250 TRI) and 12.34%, 12.65% and 11.92% of the additional benchmark (BSE SENSEX TRI) respectively.

Since its inception (March 11, 2005), the scheme (Regular Plan – Growth Option) has delivered a CAGR of 16.46% to investors, as against 14.04% of the additional benchmark, respectively.

“Canara Robeco Large and Mid Cap Fund had an AUM of Rs 24,730.52 crore as on February 28, 2026. As a category, large and mid-cap funds offer investors an opportunity to participate in both established market leaders and emerging growth companies within a single portfolio,” said Gaurav Goyal, Head – Sales and Marketing, Canara Robeco Asset Management Company.

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“Large & Midcap Fund category at Mutual Fund Industry level has touched an AUM of Rs. 3,31,893 crore as on February 28, 2026. It witnessed an AUM growth of 37% YoY in February 2026 with a 162% growth in AUM in the last 3 years i.e. February 2023 to February 2026. The total folio count of the large and midcap fund category as on February 28, 2026 was 1.35 crores. Even in the current financial year (i.e. April 1, 2025 to February 28, 2026 the category has witnessed strong inflows of Rs. 68,718 crores, reflecting strong investor interest.” he added. (Source: Association of Mutual Funds in India’s website)

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