Canara Robeco Multi Cap Fund vs Union Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Multi Cap Fund is a Multi Cap fund and Union Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, Canara Robeco Multi Cap Fund (Direct) returned 13.1% a year and Union Balanced Advantage Fund (Direct) returned 7.8% a year. Canara Robeco Multi Cap Fund charges 0.68% a year and Union Balanced Advantage Fund 1.47% (Direct plans). Their portfolios overlap 39.6%: they hold 39 of the same securities.
Canara Robeco Multi Cap Fund
Multi Cap
- 3 year return
- 13.1%
- Expense ratio
- 0.68%
- NAV
- ₹14.70
Union Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.47%
- NAV
- ₹21.67
Which is better, Canara Robeco Multi Cap or Union Balanced Advantage? 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 Multi Cap returned more over 3 years: 13.1% a year against 7.8%.
- Union Balanced Advantage returned more over 1 year: −3.4% against −4.8%.
- Canara Robeco Multi Cap costs less: 0.68% a year against 1.47% (Direct plans).
- Union Balanced Advantage swung less over 3 years: a standard deviation of 8.6% a year against 14.1%.
- Union Balanced Advantage fell less in its worst fall since 02-08-2023: −8.9% against −18.3%.
- Canara Robeco Multi Cap is the larger fund: ₹5,673 Cr against ₹1,158 Cr.
- Their portfolios overlap 39.6%: 39 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 Multi Cap Fund | Union Balanced Advantage Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Union Mutual Fund |
| Category | Multi Cap | Balanced Advantage |
| AUM | ₹5,673 Cr (30-09-2026) | ₹1,158 Cr (30-09-2026) |
| NAV | ₹14.70 (Direct) | ₹21.67 (Direct) |
| Expense ratio (Direct) | 0.68% | 1.47% |
| Expense ratio (Regular) | 2.01% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI) # #Benchmark Disclaimer: The “Product” offered by “the issuer” is not s |
| Launch date | 28-07-2023 | 29-12-2017 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Shridatta Bhandwaldar / Mr. Vishal Mishra | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker |
| Exit load | 1% - if redeemed/switched out within 365 days from the date of allotment. Nil - if redeemed/switched out after 365 days from the date of allotment | Exit load of 1%, if redeemed within 15 days. |
Canara Robeco Multi Cap vs Union Balanced Advantage: 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 Multi Cap Fund (Direct) | −1.61% | −5.47% | −0.20% | −4.79% | +13.10% | -- | -- |
| Union Balanced Advantage Fund (Direct) | −0.91% | −3.00% | −0.32% | −3.39% | +7.80% | +6.95% | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
Category average: the average of the 33 Multi Cap funds and the 38 Balanced Advantage funds, same plan type.
Canara Robeco Multi Cap vs Union Balanced Advantage: Year-wise Returns
| Year | Canara Robeco Multi CapCanara Robeco Multi Cap | Union Balanced AdvantageUnion Balanced Advantage |
|---|---|---|
| 2026to date | −4.73% | −3.30% |
| 2025 | +6.49% | +7.02% |
| 2024 | +23.32% | +11.26% |
| 2023 | -- | +16.97% |
| 2022 | -- | +3.94% |
| 2021 | -- | +10.65% |
Canara Robeco Multi Cap vs Union Balanced Advantage: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Canara Robeco Multi Cap Fund
Rolling returns
Every 3-year holding period, 60 of them, one for each trading day from 03-08-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Canara Robeco Multi Cap Fund (Direct)
Union Balanced Advantage Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canara Robeco Multi Cap | 0.0 | 0.0 | 0.0 | 56.7 | 43.3 | 0.0 | 0.0 | 14.7% | 14.5% | 12.0% | 16.8% | 100% |
| Union Balanced Advantage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.6% | 8.5% | 7.0% | 9.7% | 0% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 95.0 | 5.0 | 0.0 | 0.0 | 12.6% | 12.1% | 10.1% | 15.3% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty500 Multicap 50:25:25 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-08-2023. Past returns do not promise future returns.
Canara Robeco Multi Cap vs Union Balanced Advantage: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-08-2023 to 30-10-2026: 39 instalments, ₹3,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco Multi CapCanara Robeco Multi Cap Fund (Direct) | ₹3,90,000 | ₹4,24,964 | ₹34,964 | 5.2% |
| Union Balanced AdvantageUnion Balanced Advantage Fund (Direct) | ₹3,90,000 | ₹4,11,234 | ₹21,234 | 3.2% |
Canara Robeco Multi CapCanara Robeco Multi Cap Fund (Direct)
Union Balanced AdvantageUnion Balanced Advantage Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Canara Robeco Multi Cap vs Union Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Multi Cap Fund (Direct) | Union Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.79% | −3.39% |
| Standard deviation | 14.33% | 9.82% |
| Sharpe ratio | -0.70 | -0.88 |
| Sortino ratio | -0.95 | -1.16 |
| Maximum drawdown | −14.3% (23-03-2026) | −8.9% (30-03-2026) |
| Beta | 0.94 | -- |
| Alpha | +0.57% | -- |
From daily NAVs, 30-10-2025 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.
| Measure | Canara Robeco Multi Cap Fund (Direct) | Union Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.10% | +7.80% |
| Standard deviation | 14.07% | 8.65% |
| Sharpe ratio | 0.50 | 0.20 |
| Sortino ratio | 0.68 | 0.27 |
| Maximum drawdown | −18.3% (28-02-2025) | −8.9% (30-03-2026) |
| Beta | 0.91 | -- |
| Alpha | +2.29% | -- |
From daily NAVs, 30-10-2023 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.
| Measure | Canara Robeco Multi Cap Fund (Direct) | Union Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.61% | +9.13% |
| Standard deviation | 13.75% | 9.54% |
| Sharpe ratio | 0.47 | 0.40 |
| Sortino ratio | 0.64 | 0.54 |
| Maximum drawdown | −18.3% (28-02-2025) | −23.8% (23-03-2020) |
| Beta | 0.91 | -- |
| Alpha | +1.97% | -- |
From daily NAVs, 02-08-2023 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 Multi Cap Fund (Direct)
Union Balanced Advantage Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Canara Robeco Multi Cap Fund (Direct) | −18.3% | 27-09-2024 | 28-02-2025 | 17-09-2025 | 7 months | −8.0% |
| Union Balanced Advantage Fund (Direct) | −8.9% | 18-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −4.7% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 02-08-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Canara Robeco Multi Cap Fund (Direct)
Union Balanced Advantage Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Canara Robeco Multi Cap Fund (Direct)
Union Balanced Advantage Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco Multi Cap Fund (Direct) | 98% | 88% | 3.45% |
| Union Balanced Advantage Fund (Direct) | 57% | 50% | 8.33% |
From month-end values since 02-08-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Canara Robeco Multi Cap vs Union Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Multi Cap Fund, September 2026; Union Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 39.6%
- Held by both
- 39
- Only in Canara Robeco Multi Cap
- 77
- Only in Union Balanced Advantage
- 56
| Security | % of Canara Robeco Multi Cap | % of Union Balanced Advantage |
|---|---|---|
| HDFC Bank Ltd | 4.34% | 4.78% |
| ICICI Bank Ltd | 3.53% | 3.90% |
| Bharti Airtel Ltd | 2.55% | 2.89% |
| Eternal Ltd | 2.25% | 1.87% |
| Reliance Industries Ltd | 1.54% | 2.85% |
| State Bank of India | 1.51% | 2.02% |
| Bajaj Finance Ltd | 1.36% | 1.71% |
| Axis Bank Ltd | 1.32% | 2.01% |
| Infosys Ltd | 1.72% | 1.30% |
| Kotak Mahindra Bank Ltd | 1.38% | 1.28% |
| Shriram Finance Ltd | 1.13% | 1.42% |
| Dr. Lal Path Labs Ltd | 1.09% | 1.12% |
| Larsen & Toubro Ltd | 1.78% | 1.03% |
| PNB Housing Finance Ltd | 1.01% | 0.97% |
| Multi Commodity Exchange Of India Ltd | 0.91% | 0.95% |
| Tata Consumer Products Ltd | 0.88% | 0.97% |
| Torrent Pharmaceuticals Ltd | 1.66% | 0.85% |
| Ajanta Pharma Ltd | 2.07% | 0.84% |
| Bharat Electronics Ltd | 1.04% | 0.74% |
| Billionbrains Garage Ventures Ltd | 0.74% | 0.95% |
| Divi's Laboratories Ltd | 0.82% | 0.70% |
| Sun Pharmaceutical Industries Ltd | 0.63% | 0.77% |
| Shadowfax Technologies Ltd | 0.63% | 0.88% |
| Ge Vernova T&D India Ltd | 0.96% | 0.62% |
| Dhoot Transmission Ltd | 0.62% | 1.42% |
| Ultratech Cement Ltd | 0.62% | 0.68% |
| Clean Max Enviro Energy Solutions Ltd | 0.59% | 1.30% |
| Ujjivan Small Finance Bank Ltd | 0.90% | 0.58% |
| Ather Energy Ltd | 0.58% | 0.80% |
| Solar Industries India Ltd | 0.56% | 0.66% |
| Varun Beverages Ltd | 0.73% | 0.52% |
| Mphasis Ltd | 0.90% | 0.49% |
| CG Power and Industrial Solutions Ltd | 0.49% | 0.70% |
| Delhivery Ltd | 0.49% | 0.53% |
| 360 One Wam Ltd | 0.44% | 0.69% |
| Cummins India Ltd | 0.36% | 0.97% |
| Nippon Life India Asset Management Ltd | 0.35% | 0.76% |
| Bharat Heavy Electricals Ltd | 0.28% | 0.86% |
| Persistent Systems Ltd | 0.47% | 0.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.6% means 39.6% 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 Multi Cap Fund
| Security | % of fund |
|---|---|
| TBO Tek Ltd | 1.87% |
| Lenskart Solutions Ltd | 1.80% |
| J.K. Cement Ltd | 1.55% |
| Mahindra & Mahindra Ltd | 1.25% |
| Cholamandalam Investment and Finance Co Ltd | 1.24% |
Largest holdings only in Union Balanced Advantage Fund
| Security | % of fund |
|---|---|
| National Bank for Agriculture and Rural Development | 2.15% |
| Small Industries Development Bank of India | 2.12% |
| Indian Railway Finance Corporation Ltd. | 2.12% |
| Punjab National Bank | 2.10% |
| Power Grid Corporation of India Ltd. | 2.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Multi Cap | Union Balanced Advantage |
|---|---|---|
| Equity | 97.9% | 74.3% |
| Debt | 0.0% | 22.1% |
| Cash and others | 2.1% | 3.6% |
Market cap of stocks
| Market cap | Canara Robeco Multi Cap | Union Balanced Advantage |
|---|---|---|
| Large Cap | 41.3% | 41.5% |
| Mid Cap | 27.1% | 12.4% |
| Small Cap | 28.3% | 17.3% |
| Not on AMFI's list | 1.2% | 3.1% |
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 Multi Cap | Union Balanced Advantage |
|---|---|---|
| Banks | 15.8% | 16.3% |
| Pharmaceuticals & Biotechnology | 8.2% | 5.6% |
| Retailing | 7.0% | 2.2% |
| Finance | 5.7% | 4.8% |
| Capital Markets | 5.1% | 3.6% |
| Leisure Services | 4.5% | 0.0% |
| Auto Components | 4.5% | 4.1% |
| Construction | 1.8% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco Multi Cap vs Union Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Multi Cap Fund | Union Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.68% | 1.47% |
| Base expense ratio (Direct) | 0.45% | 0.96% |
| Total expense ratio (Regular) | 2.01% | 2.56% |
| Base expense ratio (Regular) | 1.59% | 1.88% |
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.
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Canara Robeco Multi Cap Fund vs Union Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Canara Robeco Multi Cap Fund and Union Balanced Advantage Fund?
Canara Robeco Multi Cap Fund is a Multi Cap fund, Union Balanced Advantage Fund is a Balanced Advantage fund, run by Canara Robeco Mutual Fund and Union Mutual Fund. Their portfolios overlap 39.6%. Canara Robeco Multi Cap Fund charges 0.68% a year and Union Balanced Advantage Fund 1.47%.
Which has given higher returns, Canara Robeco Multi Cap Fund or Union Balanced Advantage Fund?
Over 1 year: Canara Robeco Multi Cap Fund −4.79%, Union Balanced Advantage Fund −3.39%. Over 3 years: Canara Robeco Multi Cap Fund +13.10% a year, Union Balanced Advantage Fund +7.80% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Canara Robeco Multi Cap Fund or Union Balanced Advantage Fund?
Canara Robeco Multi Cap Fund charges less: 0.68% a year against 1.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Multi Cap Fund and Union Balanced Advantage Fund overlap?
39.6%. They hold 39 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Multi Cap Fund or Union Balanced Advantage Fund?
On SEBI's riskometer, Canara Robeco Multi Cap Fund is rated Very High and Union Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 14.07% and 8.65% a year.
Which is better for SIP, Canara Robeco Multi Cap Fund or Union Balanced Advantage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,95,923 in Canara Robeco Multi Cap Fund (XIRR 4.3% a year) and ₹3,86,233 in Union Balanced Advantage Fund (XIRR 2.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Canara Robeco Multi Cap Fund and Union Balanced Advantage Fund?
Yes. 39.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Canara Robeco Multi Cap Fund and Union Balanced Advantage Fund?
Canara Robeco Multi Cap Fund: Shridatta Bhandwaldar / Mr. Vishal Mishra. Union Balanced Advantage Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker.
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.