Canara Robeco Mutual Fund, one of India’s leading and the second oldest asset management companies, has around 27 schemes running in the market. If we talk about some of its top-performing schemes in the long-term, Canara Robeco Large and Mid Cap Fund is leading from the front with the regular plan delivering 17.29% CAGR over the last 20 years. This fund is the third-oldest scheme being run by the Canara Robeco Mutual Fund.

Other two oldest funds are – Canara Robeco ELSS Tax Saver Fund and Canara Robeco Flexi Cap Fund, completing 32 years and 21 years in the market.

The fund house has completed 20 years of long-term wealth creation journey of Canara Robeco Large and Mid Cap Fund, an open-ended scheme, investing in large and mid-cap companies. Erstwhile called as Canara Robeco Emerging Equities, the scheme aims at generating capital appreciation by investing in a diversified portfolio of large and mid-cap stocks.

Benchmarked against the NIFTY Large Midcap 250 TRI, the large and mid-cap fund commands an AUM (assets under management) of Rs 25,092 crore.

Also read: Parag Parikh Flexi Cap vs HDFC Flexi Cap fund: Which scheme is a better investment option in 2025?

Canara Robeco Large and Mid Cap Fund returns

The fund’s last 1-year, 3 years and 5 years CAGR returns of regular growth option is 12.79%, 18.67% and 25.13%, respectively as compared to 9.63%, 21.34% and 28.22% of the benchmark (NIFTY Large Midcap 250 TRI) and 11.36%, 14.95% and 21.66% of the additional benchmark (BSE SENSEX TRI), considering the returns as on 30th May 2025.

Since its inception, the scheme (Regular Plan – Growth Option) has delivered a CAGR of 17.29% to investors as against 14.56% of the additional benchmark (BSE SENSEX TRI).

At this rate of return on investment, Rs 1 lakh invested in the scheme (Regular Plan – Growth Option) at inception would have grown to over Rs 25 lakh as on May 30, 2025 as against Rs 1,56,340 in the additional benchmark.

Whereas, Rs 10,000 invested every month in regular plan growth option of scheme (SIP Investment) since inception, which would be a total investment of Rs 24,30,000 as on May 31, 2025, would have grown to Rs 2,02,55,905 delivering a XIRR of 18.05%.

On this occasion, Rajnish Narula, MD & CEO, Canara Robeco Asset Management Company Ltd, said, “Our journey in the last two decades has been enriching. We thank investors for their continued trust. As a fund house, we continue to stay focused on identifying long-term opportunities
across market cycles and delivering value through disciplined and research-backed investment strategies.”

Also read: Top Performing Flexi Cap Funds Over The Past Decade 

Canara Robeco Large and Mid Cap Fund asset allocation

The scheme can allocate 35% to 65% of the total assets towards large cap equity and equity related instruments and 35% to 65% in mid cap equity and equity related instruments, and 0% to 30% towards other equity and equity related instruments, debt and money market instruments. The scheme also invests in REITs and InviTs which ranges from 0% to 10%.

“Canara Robeco Large and Mid Cap Fund is designed to capture the potential of India’s growth by investing in a diversified portfolio of large and mid-cap companies, with a balanced allocation strategy of investing 35% to 65% in both large and mid-cap equities. The fund aims to provide investors with long-term capital appreciation,” said Shridatta Bhandwaldar, Head – Equities at Canara Robeco Asset Management Company Ltd.

“Diversification across market capitalizations may offer risk-adjusted returns, and we focus on compounder companies with unique models and competitive strength to help generate consistent long-term growth.”

Over 98% of the portfolio is invested in traditional companies with proven models, strong balance sheets, and established market presence, the fund house said in a statement.

Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.