Canara Robeco Asset Management Company Ltd(CRAMC)

NSE: CRAMCBSE: 544580

₹ 204.1-3.75%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 4,070 crWebsite: www.canararobeco.comUpdated: 24 Oct 2026

About

Canara Robeco Asset Management Company Ltd (CRAMC) is an Indian mutual fund manager jointly owned by Canara Bank (38%) and ORIX Corporation (37%), with a 25% public float following its NSE/BSE listing in October 2025. Closing AUM stood at INR 1.17 lakh crores as of September 30th, 2026, with equity making up about 91% of AUM and an equity market share stable around 2%. Revenue for FY26 was 454.66 crore.^[1][2][3]

AUM and asset mix

QAAUM was ₹1,244 bn in Q2 FY27, up 3.9% YoY; closing AUM was ₹1,167 bn, down 0.8% YoY after the September market correction.^[2]
Equity made up about 91% of AUM in Q2 FY27; equity market share stable at around 2%.^[2]
Individual investors contributed 86% of MAAUM in Q1 FY27.^[4]
Investor folios stood at 50.1 lakh as of September 2026.^[2]

Revenue yield

Blended revenue yield was 37-38 bps in Q2 FY27, with equity yield at ~40 bps.^[2]
In Q1 FY27, fixed income yield was 27 - 28 bps and liquid/overnight 2 - 3 bps.^[4]
For FY26, equity AUM yield was 37 bps, fixed income 30 bps, liquid ~3 bps, and blended ~35 bps.^[5]
Management states a revenue yield comfort range of 35-40 bps, prioritising growth and volumes over yields (Q2 FY27).^[2]

SIP book

Active SIP accounts were 19.6 lakh in September 2026 vs 2.13 mn a year earlier; monthly SIP contribution was INR 676 cr vs INR 768 cr.^[2]
SIP AUM was ₹411.19 bn as of September 2026, roughly 34% of AUM.^[2]
Outstanding SIP accounts had peaked at 2.27 million in September 2025 before declining through subsequent quarters.^[1]
A renewed SIP push through Canara Bank, selected partners, the Goal SIP initiative and dedicated SIP teams aims to gain SIP market share (Q2 FY27).^[2]

Distribution and reach

Empanelled distributors reached 57,186 and branches 29 in Q2 FY27, from 27 branches a year earlier.^[2]
B-30 cities made up 23.6% of MAAUM in September 2026, vs 24% in Q1 FY27.^[2][4]
Direct channel contributed 28% of AUM as of Q4 FY26.^[5]
Management targets 3 - 5 new branches per year (Q4 FY26).^[5]
User sessions on digital platforms grew from 0.6 million in Q4 FY25 to 1.9 million in Q4 FY26; engagement rate rose from 57.1% to 73.1%.^[5]

Products and pipeline

Mid-cap and multi-cap funds launched three years ago have crossed INR 5,000 cr, and four funds exceed INR 10,000 cr (Q2 FY27).^[2]
At least a couple of new fund launches, including an equity fund, are planned before end-March 2027, subject to regulatory approval.^[2]
One or two new business lines from passives, SIF, AIF and GIFT City are to be chosen and launched over the next 6-12 months (as of Q2 FY27).^[2]
Cost-to-income ratio is managed in the 36 - 42% range, with room for investments in AI and digital capabilities (Q1 FY27).^[4]

Ownership and listing

CRAMC listed on NSE and BSE on 16 October 2025 via an OFS of ~49.85 million shares; post-IPO, Canara Bank holds 38%, ORIX Corporation 37%, and public float 25%.^[1]
Canara Bank is required to reduce its stake from 38% to below 30% within five years of RBI approval, by approximately October - November 2029.^[1]

Market Cap

₹4,070 Cr

High / Low

₹354 / 203

Stock P/E

23.1

Price / Book

4.9

Book Value

₹37

EPS

₹10.2

No. of Shares

19.94 Cr

ROCE

36.4%

ROE

27.3%

Sales

₹455 Cr

Net Profit

₹204 Cr

Promoter holding

75.0%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials