Canara Robeco Large and Midcap Fund: Two decades of wealth creation

The Canara Robeco Large & Mid cap Fund recently completed two decades since its inception. If you had invested Rs 1 lakh into the fund at its inception, you would have accumulated a corpus of Rs 26.16 lakhs (Regular Plan Growth Option) as on 17^th July 2025 , more than 26X returns in just 20 years. In this article, we will review Canara Robeco Large & Mid cap Fund, one of the most consistently top performing diversified equity funds in the long term.

Rationale for Large & midcap funds investment: Current Market context

The market bounced back after President Trump announced ceasefire in the Israel Iran War. Crude prices which rose sharply after hostilities broke out between Israel and Iran tumbled. FII flows to Indian equities in June 2025 continued to be robust despite geopolitical risks. RBI's 50 bps repo rate cut in June can boost spending and economic growth. The sharp correction over the past few months have moderated valuations from their peak levels (see the graphic below) and provide attractive investment opportunities. While lingering geopolitical and global trade uncertainties are risk factors, India's favourable macro environment and resilient economic growth make Indian equities attractive for long term investors. In current market conditions large and midcap funds can provide suitable investment opportunities for long term investors.

Source: NSE, Advisorkhoj Research as on June 30^th, 2025

Canara Robeco Large and Midcap Fund Regular Growth Option

With an AUM of Rs 26,117.61 Crores as on 30^th June 2025, the fund is managed by fund managers Amit Nadekar and Shridatta Bhandwaldar. The fund follows a bottom-up approach to predominantly invest in a well-diversified portfolio of companies within large (top 100 companies by market capitalization), and midcap (101^st to 250^th companies by market capitalization) stocks and endeavours to identify the potential stocks within the segment. As per SEBI's mandate, large and midcap funds must invest minimum 35% each in large and midcap stocks. Large cap stocks endeavour to provide stability & liquidity and mid cap stocks can potentially generate higher returns to the portfolio.

Wealth Creation with Canara Robeco Large and Midcap fund

A monthly SIP of Rs 10,000/ would have grown to Rs 2.08 Crores as on 17^th July 2025 giving an XIRR of 18.14%. (see the chart below)

Source: NSE, Advisorkhoj Research as on July 17^th, 2025

Outperformed the category consistently

The charts below show the rolling returns of the Canara Robeco Fund for different investment tenures over the last 10 years. You can see that the fund has outperformed the category average fairly consistently.

Source: NSE, Advisorkhoj Research as on July 17^th, 2025

Limited downside risks versus the benchmark index

The last year has been very eventful and a roller coaster for the equity market. However, the Canara Robeco Large and Midcap fund was able to limit the drawdown risks in most instances versus the benchmark index Nifty Large and Midcap 250 TRI, as you can see in the chart below.

Source: NSE, Advisorkhoj Research as on June 30^th, 2025

Strong SWP track record

The chart below of shows the result of Rs 30,000 monthly SWP from an investment of Rs 50 lakhs in Canara Robeco Large and Midcap Fund. You can see that despite withdrawing Rs 36.3 lakhs (from investment of Rs 50 lakhs), the value of your balance units would have grown to Rs 1.29 crores in the last 10 years.

Current Portfolio Construct

The fund has slightly higher allocations to midcap and slightly lower allocations to large caps compared to the category average. This may help the fund outperform in the market recovery phase.

Source: Fund factsheet as on 30^th June 2025

Who should invest in Canara Robeco Large and Midcap Fund?

• Investors looking to build their core equity portfolio for long-term wealth creation.


• Investors should have minimum 5-year investment horizon for this fund.


• Investors should have high risk-taking appetite for investing in this fund.

Investors should consult with their financial advisor or mutual fund distributor if Canara Robeco Large and Midcap Fund is suitable for their investment needs.