Groww Multicap Fund
Direct · GrowthAI Summary
The Groww Multicap Fund has delivered a 1-year SIP XIRR of 15.77%, slightly outperforming the category average of 15.06% and significantly beating the NIFTY 50 benchmark, which posted a negative CAGR of -2.9% over the same period. Over longer horizons, the fund's CAGR of 20.52% (1Y) and 7.91% (3Y) comfortably exceed the benchmark's corresponding returns, with positive alpha across all periods. However, calendar year returns have been volatile, with a strong 15.88% in 2026, a moderate 8.7% in 2025, and a negative -0.72% in 2024.
The fund exhibits a maximum drawdown of only -0.1653%, with an average drawdown of -0.0355%, indicating relatively shallow declines, though it has experienced two drawdown events exceeding 10%. The maximum drawdown duration was 60 days with a recovery period of 94 days, suggesting moderate recovery speed. The Calmar ratio of 0.9843 for 1 year indicates reasonable risk-adjusted returns, and the fund's downside capture of 81.21% versus upside capture of 110.62% (1Y) shows it participates more in upswings while protecting on downswings.
The fund holds a diversified portfolio of 59 stocks, with the top 10 holdings accounting for approximately 30.09% of NAV, led by TD Power Systems (4.65%) and Larsen & Toubro (4.36%). Sector concentration is moderate, with the top five sectors (Finance, Banks, Electrical Equipment, Auto Components, and Capital Markets) making up about 46% of the portfolio. The fund has a notable tilt towards electrical equipment and capital markets, which may offer growth potential but also introduces sector-specific risks.
The fund's 1-year SIP XIRR of 15.77% is slightly above the category average of 15.06%, indicating competitive short-term performance. However, the category averages for longer periods (3Y, 5Y, 7Y, 10Y) are higher, ranging from 16.01% to 18.13%, while the fund's CAGR for those periods is lower (e.g., 7.91% for 3Y), suggesting the fund may underperform peers over longer horizons. The fund has shown consistency in beating the benchmark across all periods, but its relative performance versus the category weakens with longer timeframes.
This fund is suitable for investors with a moderate-to-high risk tolerance who are seeking diversified exposure across market capitalizations, as it is a multicap fund. Given the fund's short-term outperformance but potential long-term underperformance versus category peers, a suggested investment horizon of at least 3-5 years is appropriate to ride out volatility. Investors should be comfortable with sector concentration in finance and electrical equipment and should monitor the fund's ability to sustain alpha over longer periods.
- Strong 1-year SIP XIRR of 15.77%, outperforming the category average of 15.06% and the benchmark's negative return.
- Consistent positive alpha over all periods, with a 1-year alpha of 23.80% and a 3-year alpha of 7.72%.
- Favorable downside capture ratio of 81.21% (1Y), indicating better protection during market declines compared to the benchmark.
- Low expense ratio of 0.51% (Direct plan), which enhances net returns for investors.
- Long-term performance lags category averages; for example, 3Y CAGR of 7.91% is well below the category's 3Y SIP XIRR of 16.01%.
- Calendar year returns have been inconsistent, with a negative return of -0.72% in 2024, indicating potential volatility in annual performance.
- High sector concentration in finance and banks (23.1% combined) may expose the fund to sector-specific downturns.
Generated on 29-08-2026, 2:57 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 | ₹13.00 L | 15.8% | -14.6% | 32.3% |
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% | 15.1% | +1.3% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.3% | 15.7% | 7.2% | 26.6% | 2.00 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +23.80 | 1.04 | 110.6% | 81.2% | 20.5% | -2.9% |
| 3 Years | +7.72 | 1.01 | 106.3% | 87.7% | 7.9% | 0.3% |
| 5 Years | +4.59 | 1.01 | 106.3% | 87.7% | 4.7% | 0.2% |
| 7 Years | +3.29 | 1.01 | 106.3% | 87.7% | 3.3% | 0.1% |
| 10 Years | +2.33 | 1.01 | 106.3% | 87.7% | 2.3% | 0.1% |
| 12 Years | +1.95 | 1.01 | 106.3% | 87.7% | 1.9% | 0.1% |
| 15 Years | +1.57 | 1.01 | 106.3% | 87.7% | 1.5% | 0.1% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | TD Power Systems Limited | 4.65% |
| 2 | Larsen & Toubro Limited | 4.36% |
| 3 | APAR INDUSTRIES LTD | 3.52% |
| 4 | HDFC Bank Limited | 2.75% |
| 5 | Multi Commodity Exchange of India Ltd. | 2.75% |
| 6 | Navin Fluorine International Limited | 2.73% |
| 7 | Bank of Maharashtra | 2.50% |
| 8 | BSE Ltd | 2.34% |
| 9 | Schaeffler India Ltd | 2.32% |
| 10 | Cummins India Limited | 2.17% |