Canara Robeco Asset Management Company Ltd — Q4 FY26
Canara Robeco AMC reported FY26 revenue of ₹424.9 crore (+17% YoY) and PAT of ₹203.8 crore (+7% YoY), driven by a ₹1.17 lakh crore quarterly average AUM (+54% YoY).
neutral
medium
Financial stats pending filing verification
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
46%Questions answered4Evaded / deflected12Questions audited
Partial answer
High priority
How does Canara Robeco differentiate from 52 AMCs to attract investors?
Asked by Nlesh Dshi, Prospero Tree
Management gave a generic answer about trust and performance without specific differentiation tactics.
generic answerno specific strategy
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Question
there are around 52 MC. So what exactly we are doing? what other AMC are not doing to differentiate our business and to attract the more investor and to grow our AUM.
Rajnice Narula (CEO)
the regulator expects you to have the same kind of product... the true differentiator will be the trust you're able to build with your investors and performance over time.
Evasive
Medium priority
Can Canara Robeco launch schemes for NRIs like Motilal's Nasdaq fund?
Asked by Nlesh Dshi, Prospero Tree
Management acknowledged the possibility but gave no concrete plans or timeline.
no commitmentvague possibility
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Question
can we launch some scheme where the we can attract the more NR and more funds like the some mutual some AMC like the motil has launched the NASDAQ contract or S&P 500...
Rajnice Narula (CEO)
there are options that are available... we will choose strategies that we think best fit our risk profile... it's a possibility for us to do.
Evasive
Medium priority
Should Canara Robeco launch index funds, ETFs, or gold/silver ETFs?
Asked by Nlesh Dshi, Prospero Tree
Management explained their active focus but did not rule out or commit to passive products.
no commitmentdefers to future
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Question
should we not launch some some even even in the equity basket some index fund or ETF or some in the la last year there was the gold ETF and silver ETF has outperform...
Rajnice Narula (CEO)
commodities typically follow a cycle... we like to be in a category which can outperform over a longer period... currently we are focused on the active space.
Answered
High priority
Is Canara Robeco's growth below industry growth rate?
Asked by Nlesh Dshi, Prospero Tree
Management directly explained that underperformance is due to equity focus and market conditions.
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Question
the last year was not good for the Indian equity market and so um the growth may be lower but is ourum bit the industryum growth rate or we are below the industry growth rate.
Rajnice Narula (CEO)
ours is an equity focused fundhouse. So 91% of our funds are equity oriented... in periods where markets actually have a negative return, we will slightly underperform.
Partial answer
High priority
Why did revenue yields improve to 39 bps from 35.5 bps? Segment-wise details?
Asked by Lat Moan, Aquarius Securities
Management gave segment yields but said they are still investigating the reason for the increase.
still investigatingno precise reason
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Question
on the revenue side like this quarter we have seen that our revenue yields have improved to like 39 basis points as compared to 35.5. Um like what were the reasons for the same and also could you provide uh segment wise also?
CFO (name not stated)
we believe that it is likely because of expensive assets going out of the system and uh the replaced by uh cheaper assets... equity aum contributed yield was about 37 pips, fixed income was about 30 bips, liquid was about 3 pips.
Partial answer
High priority
What is the impact of the TER to BER change from April?
Asked by Lat Moan, Aquarius Securities
Management gave a range but no precise impact, citing ongoing evaluation.
still evaluatingrange given
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Question
post this uh uh April uh TE change from April onwards like what like how much of an impact are we seeing in our books and um is it a positive impact also because of the TER change?
CFO (name not stated)
we are still evaluating impact... at worst we will be neutral on this. At best we probably may gain a couple of basis points.
Partial answer
Medium priority
Is the employee expense of 23.7 cr the new quarterly run rate?
Asked by Lat Moan, Aquarius Securities
Management first said 23 cr is new normal, then said to expect increases, creating ambiguity.
contradictory signalsforward-looking
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Question
on the expenses side. So like we have seen like the employee expenses have normalized to around 23 24 K. Uh so should we take this as a quarterly run rate from here on?
CFO (name not stated) and Rajnice Narula
the 23 cr is is is is the new normal but hence forward it will be a forward-looking statement... you should expect some increase in the employee costs.
Answered
High priority
Is Canara Robeco planning to venture into PMS or AIF like peers?
Asked by Anoj Kasha, A3 Capital
Management clearly stated they are not venturing into PMS/AIF now, focusing on mutual funds.
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Question
as an company I want to know your future perspective like your peers like the is ICICI amc focusing on like PMS also and just and the other stuff just to increase the mark the margins... are you looking to venture into those sphere?
Rajnice Narula (CEO)
we believe that it is better for us to focus on the mutual fund space itself... we do not want to diversify in a in a big way and and very quickly because there are risks.
Answered
Medium priority
What is the strategy to diversify geographical mix beyond South India?
Asked by Anoj Kasha, A3 Capital
Management clarified headquarters and stated they are pan-India, addressing the question.
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Question
you are like southbased like company more of your parent was in Bangalore. So you do you can tell your strategy like to what to diversify your geographical mix like north south like south to your dominated mode. How about what about north east and west?
Rajnice Narula (CEO)
We are actually a Mumbai based and headquartered out of Mumbai... we have a good mix of places where we are well represented... we are and continue to be a pan India kind of organization.
Partial answer
Medium priority
Why did other expenses rise 34-35% this quarter? What is the run rate?
Asked by Nihal Sha, Prudent Corporate Advisory
Management cited one-offs but did not quantify them or give a clear run rate.
no quantification of one-offsno new normal given
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Question
my question was on the other expenses like they've gone up by around 34 35% in this quarter and for the year as well they were up around 24%. So how do we see these things growing moving ahead?
CFO (name not stated)
there is a one-time expenses included because we have a NFO in the last quarter... some of the expenses advertisement and marketing expenses related to that NFO and we are having a regulatory and other risk related cost which are one time in nature.
Declined
High priority
What were the equity inflows in March? Can you share flow data?
Asked by Hendra Pradhan, Maximal Capital
Management declined to provide specific flow data, citing it is not public.
refused to share number
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Question
my question is related to our like flows. So what was the like you know March inflow to our equity category you know industry if you can give some color to that.
Rajnice Narula (CEO)
the flows data is not there in public domain. So we are unfortunately not able to share that but what we can say is that we were in line or better than the industry when it comes to the flow.
Declined
Medium priority
What is the revenue from investment advisory fees for Q4 and full year?
Asked by Sharma, HDFC securities
Management did not provide the requested split, only gave a broad percentage.
refused to quantifydeferred to annual report
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Question
can you please quantify how much is the revenue which we have received from OnX in terms of the investment advisory fees for the quarter 4 and for the full year FI26 and how should we think about this stream of revenue?
CFO (name not stated)
this quarter wise pickup is not provided in the split. However, I can give you a guidance that more than 90% of our fees comes from the management side.