This fund gained 21% annually in 3 years.

The Canara Robeco Mid Cap Fund has completed its three-year track record with a 20.75% CAGR since inception, according to data released by Canara Robeco Mutual Fund. The scheme, launched in December 2022, is an open-ended equity fund that invests predominantly in mid-cap companies and is benchmarked to the BSE 150 Mid Cap Total Return Index (TRI).

As of November 28, 2025, the fund’s Assets Under Management (AUM) stood at ₹3,996.69 crore.

Over the past year, the scheme’s Regular Plan – Growth Option generated 6.37% returns, compared with 5.10% for its benchmark and 8.72% for the BSE Sensex TRI, the additional benchmark.

A ₹10,000 investment at inception in the scheme would have grown to ₹17,580 as of November 28, 2025. In comparison, the same amount would have reached ₹18,225 in the benchmark and ₹14,153 in the additional benchmark.

The scheme can allocate 65–100% of its assets to mid-cap equities, as defined under SEBI’s categorisation, and up to 35% to other equity, debt, or money-market instruments. It may also invest up to 10% in REITs and InvITs.

The fund is managed by Pranav Gokhale and Shridatta Bhandwaldar, the latter also serving as Chief Investment Officer – Equities. Executives from the fund house said the scheme has remained aligned to its investment philosophy and maintained a research-driven approach through market cycles.

Citing AMFI data, the fund house noted that mid-cap funds as a category saw their AUM rise 150% between October 2022 and October 2025, reflecting broader investor interest in the segment.