Canara Robeco Flexi Cap Fund
The fund remains defensively positioned with nearly a quarter of capital locked in banking stocks, signaling conviction in financial sector stability amid market volatility. The sharp 2.4% jump in cash equivalents (via TREPS) and trimming of IT and specialty chemical exposures suggest the manager is building dry powder while taking profits from stretched valuations. The selective pivot toward cyclical plays like Tata Steel hints at cautious optimism on economic recovery, though the 40% concentration in top ten holdings leaves limited room for stock-specific surprises.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹367.3700 | +0.23% | — | — | — | — | — |
| Regular Growth | ₹324.5600 | +0.13% | -5.52% | -7.34% | -0.70% | +12.13% | +11.96% |
| Direct IDCW | ₹86.7200 | +0.23% | — | — | — | — | — |
| Regular IDCW | ₹56.5200 | +0.12% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Tata Steel Ltd | 0.18% |
| Margin on Derivatives | -0.00% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd INE040A01034 | 6.89% |
| 2 | ICICI Bank Ltd INE090A01021 | 6.18% |
| 3 | TREPS | 5.21% |
| 4 | Reliance Industries Ltd INE002A01018 | 4.04% |
| 5 | Bharti Airtel Ltd INE397D01024 | 3.71% |
| 6 | State Bank of India INE062A01020 | 3.49% |
| 7 | Larsen & Toubro Ltd INE018A01030 | 3.25% |
| 8 | Infosys Ltd INE009A01021 | 3.02% |
| 9 | Bajaj Finance Ltd INE296A01032 | 2.66% |
| 10 | Mahindra & Mahindra Ltd INE101A01026 | 2.44% |
| 11 | Axis Bank Ltd INE238A01034 | 2.41% |
| 12 | Eternal Ltd INE758T01015 | 2.07% |
| 13 | TVS Motor Co Ltd INE494B01023 | 1.77% |
| 14 | Sun Pharmaceutical Industries Ltd INE044A01036 | 1.70% |
| 15 | Varun Beverages Ltd INE200M01039 | 1.69% |
| 16 | Divi's Laboratories Ltd INE361B01024 | 1.54% |
| 17 | Ge Vernova T&D India Ltd INE200A01026 | 1.52% |
| 18 | Tata Consumer Products Ltd INE192A01025 | 1.48% |
| 19 | KEI Industries Ltd INE878B01027 | 1.40% |
| 20 | Tech Mahindra Ltd INE669C01036 | 1.40% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.