Canara Robeco Asset Management Company Ltd IPO

One of our equity schemes and nine of our debt schemes have underperformed relative to their respective benchmark indices over a one calendar year ended June 30, 2025. If our investment schemes underperform, our AUM could decrease, negatively impacting our results of operations.

Our business is subject to extensive regulation, including periodic inspections by the Securities and Exchange Board of India ("SEBI"), and our non-compliance with existing regulations or SEBI's observations could expose us to penalties and restrictions in the business that we can undertake.

Unfavourable market changes and economic downturns may result in customer withdrawals or a decrease in customer transactions, resulting in a decline in our assets under management and management fees, which could significantly and negatively influence our revenue from operations, business prospects, financial conditions, and results of operations.

The performance of our equity-oriented schemes has a significant impact on our assets under management and consequently our revenue from operations. As of June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024, and March 31, 2023, 91.17%, 92.34%, 91.69%, 91.66% and 88.43% of our quarterly average assets under management were from equity-oriented schemes. Underperformance by our equity-oriented schemes may have a disproportionate adverse impact on our business and revenue.

As of June 30, 2025 and June 30, 2024 and March 31, 2025, March 31, 2024, and March 31, 2023, 73.45%, 75.82%, 73.63%, 76.24% and 78.04% of our monthly average assets under management were generated from third-party distributors. If we are unable to maintain our existing relationship with our third-party distributors or attract new distributors, our business, competitiveness, results of operations and financial condition may be adversely impacted.

We are dependent on several key personnel, including our Key Managerial Personnel and Senior Management as well as our investment team, and the loss of or our inability to attract or retain such persons could adversely affect our business, financial condition, results of operations and cash flows.

We have licensed the trademarks "Canara" and "Robeco" from Canara Bank and Robeco Holding, respectively and the termination of the trademark license agreements could adversely impact our business and results of operations. If we are unable to transition away from these trademarks to new brand(s) within the prescribed timelines, this could prevent marketing and distribution of our schemes under these arrangements.

Growth in our revenue from operations and profitability depends on the growth in our assets under management. We may not be able to sustain our historical growth in assets under management which may impact our revenue from operations and/or profitability.

As of June 30, 2025 and June 30, 2024 and March 31, 2025, March 31, 2024 and March 31, 2023, 62.11%, 61.46%, 61.92%, 61.67%, and 64.74% of our MAAUM were generated from customers located in the Indian states/union territory of Maharashtra, Gujarat, Karnataka, Delhi, and Tamil Nadu. A decrease in our AUM from these states/union territory could adversely impact our business and revenue from operations.

Canara Robeco Mutual Fund ("CRMF") has received a show cause cum demand notice ("Notice") dated June 28, 2025 from the Department of Revenue, Goods and Services Tax, Audit-I, Commissionerate, Mumbai, alleging, amongst other things, non-payment of GST. Any adverse outcome in such proceeding could have an adverse effect on business, financial condition and results of operations of CRMF.