Canara Robeco Flexi Cap Fund vs PGIM India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Flexi Cap Fund is a Flexi Cap fund and PGIM India Multi Asset Allocation Fund is a Multi Asset fund. Canara Robeco Flexi Cap Fund charges 0.71% a year and PGIM India Multi Asset Allocation Fund 0.85% (Direct plans). Their portfolios overlap 37.7%: they hold 41 of the same securities.
PGIM India Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.85%
- NAV
- ₹10.12
Which is better, Canara Robeco Flexi Cap or PGIM India Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Canara Robeco Flexi Cap costs less: 0.71% a year against 0.85% (Direct plans).
- PGIM India Multi Asset Allocation fell less in its worst fall since 03-12-2025: −12.1% against −14.3%.
- Canara Robeco Flexi Cap holds more in large companies: 70.3% of the fund in large caps against 39.7%.
- Canara Robeco Flexi Cap is the larger fund: ₹12,782 Cr against ₹324 Cr.
- Their portfolios overlap 37.7%: 41 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Canara Robeco Flexi Cap Fund | PGIM India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | PGIM India Mutual Fund |
| Category | Flexi Cap | Multi Asset |
| AUM | ₹12,782 Cr (30-09-2026) | ₹324 Cr (30-09-2026) |
| NAV | ₹371.28 (Direct) | ₹10.12 (Direct) |
| Expense ratio (Direct) | 0.71% | 0.85% |
| Expense ratio (Regular) | 1.83% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | 60% Nifty 500 TRI + 20% Crisil Short Term Bond Index + 10% Domestic prices of Gold + 10% Domestic prices of Silver |
| Launch date | 16-09-2003 | 28-11-2025 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Shridatta Bhandwaldar / Mr. Pranav Gokhale | Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal |
| Exit load | 1% - if redeemed/switched out within 1 year from the date of allotment. Nil – if redeemed / switched out after 1 year from the date of allotment. | Exit load of 0.50%, if redeemed within 90 days |
Canara Robeco Flexi Cap vs PGIM India Multi Asset Allocation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Canara Robeco Flexi Cap Fund (Direct) | +0.09% | −4.74% | −0.45% | −6.26% | +11.53% | +8.62% | +13.80% |
| PGIM India Multi Asset Allocation Fund (Direct) | −2.32% | −4.26% | −2.03% | -- | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | -- | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds and the 37 Multi Asset funds, same plan type.
Canara Robeco Flexi Cap vs PGIM India Multi Asset Allocation: Year-wise Returns
| Year | Canara Robeco Flexi CapCanara Robeco Flexi Cap | PGIM India Multi Asset AllocationPGIM India Multi Asset Allocation |
|---|---|---|
| 2026to date | −5.74% | −1.17% |
| 2025 | +8.27% | -- |
| 2024 | +19.24% | -- |
| 2023 | +24.31% | -- |
| 2022 | −0.33% | -- |
| 2021 | +34.40% | -- |
Canara Robeco Flexi Cap vs PGIM India Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Canara Robeco Flexi Cap Fund
Canara Robeco Flexi Cap vs PGIM India Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Flexi Cap Fund (Direct) | PGIM India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.51% | +1.44% |
| Standard deviation | 15.29% | 13.01% |
| Sharpe ratio | 0.49 | -0.29 |
| Sortino ratio | 0.66 | -0.38 |
| Maximum drawdown | −33.2% (23-03-2020) | −12.1% (23-03-2026) |
| Beta | 0.95 | -- |
| Alpha | +1.04% | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Canara Robeco Flexi Cap Fund (Direct)
PGIM India Multi Asset Allocation Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Canara Robeco Flexi Cap Fund (Direct) | −14.3% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −6.7% |
| PGIM India Multi Asset Allocation Fund (Direct) | −12.1% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −7.4% |
| BSE 500 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
From daily values since 03-12-2025, the first day every fund has.
Canara Robeco Flexi Cap vs PGIM India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Flexi Cap Fund, September 2026; PGIM India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 37.7%
- Held by both
- 41
- Only in Canara Robeco Flexi Cap
- 42
- Only in PGIM India Multi Asset Allocation
- 49
| Security | % of Canara Robeco Flexi Cap | % of PGIM India Multi Asset Allocation |
|---|---|---|
| HDFC Bank Ltd | 6.48% | 3.85% |
| ICICI Bank Ltd | 6.62% | 2.76% |
| State Bank of India | 2.42% | 2.24% |
| Reliance Industries Ltd | 3.43% | 1.80% |
| Larsen & Toubro Ltd | 3.11% | 1.74% |
| Kotak Mahindra Bank Ltd | 1.68% | 3.79% |
| Infosys Ltd | 2.50% | 1.57% |
| Bajaj Finance Ltd | 2.97% | 1.50% |
| Eternal Ltd | 2.99% | 1.28% |
| Bharat Electronics Ltd | 1.25% | 1.15% |
| TVS Motor Co Ltd | 1.67% | 1.13% |
| Bharti Airtel Ltd | 3.78% | 1.08% |
| Tech Mahindra Ltd | 1.13% | 1.07% |
| Max Healthcare Institute Ltd | 1.44% | 1.06% |
| Solar Industries India Ltd | 1.03% | 1.63% |
| Torrent Pharmaceuticals Ltd | 1.51% | 0.94% |
| Divi's Laboratories Ltd | 1.90% | 0.93% |
| FSN E-Commerce Ventures Ltd | 0.93% | 1.30% |
| One 97 Communications Ltd | 0.93% | 0.96% |
| Titan Co Ltd | 0.89% | 3.00% |
| Vishal Mega Mart Ltd | 1.13% | 0.75% |
| CG Power and Industrial Solutions Ltd | 0.75% | 0.71% |
| Mankind Pharma Ltd | 0.56% | 0.84% |
| Tata Consumer Products Ltd | 1.31% | 0.53% |
| Varun Beverages Ltd | 1.20% | 0.49% |
| Dixon Technologies (India) Ltd | 0.78% | 0.48% |
| J.K. Cement Ltd | 1.39% | 0.46% |
| Cholamandalam Investment and Finance Co Ltd | 1.47% | 0.45% |
| Uno Minda Ltd | 1.32% | 0.44% |
| Info Edge (India) Ltd | 0.87% | 0.43% |
| Multi Commodity Exchange Of India Ltd | 1.18% | 0.42% |
| Shriram Finance Ltd | 0.92% | 0.41% |
| Tata Consultancy Services Ltd | 0.76% | 0.35% |
| Mahindra & Mahindra Ltd | 2.37% | 0.33% |
| SBI Life Insurance Co Ltd | 0.32% | 0.37% |
| Astral Ltd | 0.26% | 0.58% |
| HDFC Asset Management Co Ltd | 0.89% | 0.23% |
| AU Small Finance Bank Ltd | 0.22% | 1.40% |
| Hindalco Industries Ltd | 0.11% | 0.40% |
| Persistent Systems Ltd | 0.10% | 0.23% |
| Bharat Forge Ltd | 0.10% | 0.93% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.7% means 37.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Canara Robeco Flexi Cap Fund
| Security | % of fund |
|---|---|
| Axis Bank Ltd | 2.51% |
| Indian Hotels Co Ltd | 1.61% |
| Sun Pharmaceutical Industries Ltd | 1.41% |
| Interglobe Aviation Ltd | 1.40% |
| Lenskart Solutions Ltd | 1.40% |
Largest holdings only in PGIM India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.01% Government of India | 6.01% |
| SBI Mutual Fund | 4.61% |
| HDFC Mutual Fund | 4.61% |
| ICICI Prudential Mutual Fund | 4.61% |
| 91 DAYS TBILL RED 01-10-2026 | 3.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Flexi Cap | PGIM India Multi Asset Allocation |
|---|---|---|
| Equity | 96.3% | 65.2% |
| Debt | 0.0% | 10.3% |
| Cash and others | 3.7% | 24.5% |
Market cap of stocks
| Market cap | Canara Robeco Flexi Cap | PGIM India Multi Asset Allocation |
|---|---|---|
| Large Cap | 70.3% | 39.7% |
| Mid Cap | 21.4% | 20.3% |
| Small Cap | 4.6% | 3.9% |
| Not on AMFI's list | 0.0% | 1.3% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Canara Robeco Flexi Cap | PGIM India Multi Asset Allocation |
|---|---|---|
| Banks | 19.9% | 14.0% |
| Retailing | 8.5% | 3.8% |
| Pharmaceuticals & Biotechnology | 6.7% | 4.7% |
| Finance | 5.5% | 3.2% |
| Automobiles | 4.6% | 1.5% |
| IT - Software | 4.5% | 3.2% |
| Consumer Durables | 2.1% | 4.3% |
| Auto Components | 2.7% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco Flexi Cap vs PGIM India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Flexi Cap Fund | PGIM India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.71% | 0.85% |
| Base expense ratio (Direct) | 0.52% | 0.54% |
| Total expense ratio (Regular) | 1.83% | 2.56% |
| Base expense ratio (Regular) | 1.47% | 1.99% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Canara Robeco Flexi Cap with
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Canara Robeco Flexi Cap Fund vs PGIM India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Canara Robeco Flexi Cap Fund and PGIM India Multi Asset Allocation Fund?
Canara Robeco Flexi Cap Fund is a Flexi Cap fund, PGIM India Multi Asset Allocation Fund is a Multi Asset fund, run by Canara Robeco Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 37.7%. Canara Robeco Flexi Cap Fund charges 0.71% a year and PGIM India Multi Asset Allocation Fund 0.85%.
Which has the lower expense ratio, Canara Robeco Flexi Cap Fund or PGIM India Multi Asset Allocation Fund?
Canara Robeco Flexi Cap Fund charges less: 0.71% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Flexi Cap Fund and PGIM India Multi Asset Allocation Fund overlap?
37.7%. They hold 41 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Flexi Cap Fund or PGIM India Multi Asset Allocation Fund?
On SEBI's riskometer, Canara Robeco Flexi Cap Fund is rated Very High and PGIM India Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 15.29% and 13.01% a year.
Can I invest in both Canara Robeco Flexi Cap Fund and PGIM India Multi Asset Allocation Fund?
Yes. 37.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Canara Robeco Flexi Cap Fund and PGIM India Multi Asset Allocation Fund?
Canara Robeco Flexi Cap Fund: Shridatta Bhandwaldar / Mr. Pranav Gokhale. PGIM India Multi Asset Allocation Fund: Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.