DSP Quant Fund
Direct · GrowthAI Summary
DSP Quant Fund has delivered a 1Y SIP XIRR of 15.76%, ahead of the category average of 14.1%, but its 3Y, 5Y, and 7Y XIRRs of 11.36%, 11.86%, and 9.80% trail category averages of 16.82%, 16.95%, and 16.51% respectively. Against the NIFTY 50, the fund shows positive alpha over 1Y (4.80%), 3Y (1.36%), and 7Y (2.25%), though 5Y alpha is negative at -0.89%. Long-term lump-sum CAGRs also beat the benchmark across 7Y (13.35% vs 11.81%), 10Y (8.63% vs 7.33%), and 15Y (5.68% vs 4.83%) horizons.
The fund exhibits strong downside protection with a downside capture of 83.98% over 7Y versus an upside capture of 87.21%, and beta declining from 0.97 (1Y) to 0.87 (7Y). Maximum drawdown was a mild -0.33% with a 33-day duration, though recovery took 177 days and there were 3 drawdown events exceeding 10%. Calmar ratios of 0.39-0.47 across periods indicate reasonable risk-adjusted returns relative to drawdown severity.
The portfolio holds 41 stocks with HDFC Bank as the largest position at 7.66% of NAV, followed by Shriram Finance (3.50%) and Bharti Airtel (3.49%), indicating a well-diversified book with no single-stock concentration risk. Sector allocation is spread across Automobiles (16.2%), Banks (11.1%), IT-Software (10.4%), Finance (9.4%), and Pharmaceuticals (8.8%), avoiding heavy dependence on any one sector. The top 10 holdings account for roughly 36% of NAV, leaving meaningful room for mid-sized positions.
While the fund outperforms its category on 1Y SIP XIRR, it lags category averages by roughly 5-7 percentage points over 3Y, 5Y, and 7Y horizons, suggesting recent outperformance rather than sustained peer leadership. Its consistent positive alpha versus the NIFTY 50 over most periods and lower downside capture point to a defensive, risk-managed style. Calendar year returns show volatility, ranging from -7.94% in 2022 to 27.24% in 2021, but with positive years in 6 of the last 8.
This fund suits investors seeking a quantitatively managed, lower-beta equity option with downside protection rather than maximum upside participation, given its upside capture below 90% across most periods. A horizon of 7 years or more is appropriate, as the fund's benchmark outperformance and risk efficiency are most evident over longer windows. Investors should tolerate periods of category underperformance, as seen in its 3Y-7Y XIRR gap versus peers.
- Consistent positive alpha versus NIFTY 50 over 1Y (4.80%), 3Y (1.36%), 7Y (2.25%), and 10Y (1.41%) periods
- Strong downside protection with 7Y downside capture of 83.98% and a maximum drawdown of only -0.33%
- Well-diversified 41-stock portfolio with top holding at just 7.66% of NAV and no sector above 16.2%
- SIP XIRR trails category averages by 5-7 percentage points over 3Y (11.36% vs 16.82%), 5Y (11.86% vs 16.95%), and 7Y (9.80% vs 16.51%) horizons
- Negative 5Y alpha of -0.89% and upside capture below 90% indicate the fund may lag in strong bull markets
Generated on 01-09-2026, 2:48 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 | ₹12.69 L | 15.8% | -30.4% | 81.6% |
| 3 Years | ₹36.00 L | ₹42.36 L | 11.4% | -0.6% | 24.0% |
| 5 Years | ₹60.00 L | ₹78.69 L | 11.9% | 4.0% | 20.8% |
| 7 Years | ₹84.00 L | ₹1.18 Cr | 9.8% | 8.8% | 10.5% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 15.8% | 14.4% | 14.1% | +1.3% |
| 3 Years | 11.4% | 11.1% | 16.8% | +0.2% |
| 5 Years | 11.9% | 10.4% | 16.9% | +1.4% |
| 7 Years | 9.8% | 10.6% | 16.5% | -0.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 15.4% | 11.1% | -10.4% | 84.1% | 0.51 | 1.80 | 81% | — | — |
| 3 Years | 13.2% | 12.4% | 5.3% | 26.5% | 1.70 | 80.98 | 100% | — | — |
| 5 Years | 14.1% | 14.9% | 6.8% | 21.7% | 1.95 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +4.80 | 0.97 | 97.0% | 89.3% | 2.2% | -2.9% |
| 3 Years | +1.36 | 0.89 | 92.2% | 89.8% | 9.0% | 7.8% |
| 5 Years | -0.89 | 0.89 | 89.0% | 88.9% | 6.8% | 7.8% |
| 7 Years | +2.25 | 0.87 | 87.2% | 84.0% | 13.3% | 11.8% |
| 10 Years | +1.41 | 0.87 | 87.7% | 84.3% | 8.6% | 7.3% |
| 12 Years | +1.01 | 0.87 | 87.7% | 84.3% | 7.1% | 6.1% |
| 15 Years | +0.63 | 0.87 | 87.7% | 84.3% | 5.7% | 4.8% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Limited | 7.66% |
| 2 | Shriram Finance Limited | 3.50% |
| 3 | Bharti Airtel Limited | 3.49% |
| 4 | Hindalco Industries Limited | 3.28% |
| 5 | Eicher Motors Limited | 3.05% |
| 6 | Infosys Limited | 2.94% |
| 7 | Larsen & Toubro Limited | 2.94% |
| 8 | Cummins India Limited | 2.86% |
| 9 | Indus Towers Limited | 2.83% |
| 10 | TVS Motor Company Limited | 2.69% |