Bajaj Finserv Small Cap Fund
Direct · GrowthAI Summary
Bajaj Finserv Small Cap Fund has delivered a 1Y SIP XIRR of 29.07%, well above the category average of 17.78%. Against the NIFTY SmallCap 250 benchmark, the fund shows positive alpha across all periods, including 10.24% over 1Y and 2.98% over 3Y, while the benchmark posted negative CAGRs over longer windows. Calendar year returns were mixed, with 13.31% in 2026 following a -3.46% decline in 2025.
The fund's beta of roughly 0.91-0.93 indicates it moves slightly less than the benchmark, and its downside capture of 83.85-85.33% versus upside capture of 92.7-95.66% suggests favorable asymmetry in protecting on declines. The maximum drawdown of just -0.16% with a 35-day recovery and only one drawdown event above 10% points to well-contained recent volatility. A 1Y Calmar ratio of 1.042 reflects reasonable risk-adjusted returns relative to the drawdown experienced.
The portfolio holds 92 stocks with the top 10 accounting for roughly 26% of NAV, indicating a diversified approach with no single position above 4%. Sector allocation is spread across Industrial Products (14.0%), Auto Components (8.2%), Pharmaceuticals & Biotechnology (8.1%), Electrical Equipment (6.5%), and Consumer Durables (6.3%), avoiding heavy concentration in any one theme. Holdings like Rubicon Research, Welspun Corp, and TD Power Systems reflect a tilt toward industrials and manufacturing-linked businesses.
The fund's 1Y SIP XIRR of 29.07% significantly outpaces the category average of 17.78%, demonstrating strong recent performance versus peers. Consistent positive alpha over 1Y, 3Y, and 5Y periods against the benchmark suggests genuine stock-selection skill rather than mere beta exposure. However, only the 1Y XIRR is available for this fund, so longer-term consistency versus category peers cannot be fully verified.
This fund suits investors with a high risk tolerance and a long time horizon of at least 5-7 years, as small-cap equities are inherently volatile and cyclical. It is appropriate as a satellite allocation within a diversified portfolio rather than a core holding, given the concentrated risk profile of the small-cap segment. Investors comfortable with interim drawdowns and willing to invest via SIP to average out volatility will benefit most.
- 1Y SIP XIRR of 29.07% substantially exceeds the category average of 17.78%
- Consistent positive alpha across all measured periods, including 10.24% over 1Y and 2.98% over 3Y
- Favorable capture asymmetry with downside capture of 83.85-85.33% against upside capture of 92.7-95.66%
- Well-diversified portfolio of 92 holdings with no position exceeding 4% of NAV
- Calendar year 2025 return of -3.46% highlights vulnerability to small-cap market downturns
- Only 1Y XIRR data is available, limiting the ability to assess long-term consistency versus category peers
- 14% sector concentration in Industrial Products creates cyclical exposure to manufacturing and capex cycles
Generated on 20-10-2026, 3:10 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹13.52 L | 28.2% | 10.4% | 38.9% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY SMALLCAP 250 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 28.2% | 21.9% | 17.8% | +6.3% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.8% | 17.5% | 7.9% | 22.9% | 2.79 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY SMALLCAP 250
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +10.57 | 0.93 | 95.7% | 85.2% | 12.5% | 1.6% |
| 3 Years | +3.18 | 0.91 | 93.1% | 83.8% | 3.0% | -0.8% |
| 5 Years | +1.67 | 0.91 | 93.1% | 83.8% | 1.8% | -0.5% |
| 7 Years | +1.03 | 0.91 | 93.1% | 83.8% | 1.3% | -0.3% |
| 10 Years | +0.55 | 0.91 | 93.1% | 83.8% | 0.9% | -0.2% |
| 12 Years | +0.37 | 0.91 | 93.1% | 83.8% | 0.7% | -0.2% |
| 15 Years | +0.18 | 0.91 | 93.1% | 83.8% | 0.6% | -0.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Rubicon Research Limited | 3.98% |
| 2 | Welspun Corp Limited | 3.91% |
| 3 | TD Power Systems Limited | 2.78% |
| 4 | CRISIL Limited | 2.72% |
| 5 | S.J.S. Enterprises Limited | 2.70% |
| 6 | Schaeffler India Limited | 2.66% |
| 7 | Zydus Wellness Limited | 2.57% |
| 8 | Timken India Limited | 2.49% |
| 9 | The Federal Bank Limited | 2.22% |
| 10 | Angel One Limited | 2.07% |