Navi Large and Mid Cap Fund
Direct · GrowthAI Summary
Navi Large and Mid Cap Fund has delivered a 5Y SIP XIRR of 17.67% and 10Y SIP XIRR of 14.57%, beating the NIFTY 50 lump-sum CAGR across all periods (e.g., 12.85% vs 7.83% over 5Y). However, its SIP XIRR trails the category average in the 3Y (15.31% vs 17.73%), 5Y (17.67% vs 17.26% marginally ahead), 7Y (17.06% vs 16.65%), and 10Y (14.57% vs 16.75%) windows, indicating mixed peer-relative performance. Alpha over the benchmark is positive across all horizons, ranging from 2.82% (15Y) to 12.00% (1Y).
The fund shows a favorable asymmetry versus the NIFTY 50, with downside capture of 84.67% over 10Y against upside capture of 89.97%, meaning it has historically fallen less than the index in down markets. Beta declines from 1.08 (1Y) to 0.86 (12Y-15Y), suggesting reduced volatility relative to the index over longer horizons. The Calmar ratio is stable around 0.39-0.44 across horizons, and the fund has experienced 8 drawdown events greater than 10%, with the maximum drawdown taking 253 days to recover.
Portfolio holdings and sector allocation data were not provided in this analysis, so specific concentration and diversification observations cannot be made. As a Large and Mid Cap Fund under SEBI norms, it must maintain at least 35% each in large caps and mid caps, which inherently drives meaningful mid-cap exposure. Investors should review the latest factsheet for current top holdings and sector weights.
The fund's SIP XIRR beats the category average over 1Y (17.02% vs 16.54%) and 7Y (17.06% vs 16.65%), but lags over 3Y (15.31% vs 17.73%) and 10Y (14.57% vs 16.75%). Calendar year returns show strong upside years such as 45.87% in 2021 and 39.88% in 2017, but also a -7.06% loss in 2018 and muted 2025-2026 returns of 2.55% and 4.22%. This indicates inconsistent category-relative performance with periods of both outperformance and underperformance.
This fund suits investors seeking a blend of large-cap stability and mid-cap growth within a single holding, with a recommended horizon of at least 5-7 years to ride out mid-cap volatility. It is appropriate for investors with moderate-to-high risk tolerance, given 8 drawdown events exceeding 10% historically. The low expense ratio of 0.52% (Direct plan) enhances long-term compounding, making it attractive for SIP investors with patience through drawdown recovery periods.
- Consistent positive alpha over NIFTY 50 across all periods from 1Y (12.00%) to 15Y (2.82%)
- Favorable downside capture of 84.67% over 10Y versus upside capture of 89.97%, indicating better-than-index loss protection
- Low expense ratio of 0.52% in the Direct plan, supporting long-term net returns
- 10Y SIP XIRR of 14.57% trails the category average of 16.75%, showing long-term peer underperformance
- Recent performance is weak, with calendar year returns of only 2.55% in 2025 and 4.22% in 2026
- Maximum drawdown recovery took 253 days, and the fund has experienced 8 drawdown events greater than 10%
Generated on 06-09-2026, 7:52 PM. 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 | ₹12.73 L | 17.0% | -58.3% | 92.0% |
| 3 Years | ₹36.00 L | ₹45.10 L | 15.3% | -21.8% | 38.0% |
| 5 Years | ₹60.00 L | ₹92.49 L | 17.7% | 6.1% | 26.9% |
| 7 Years | ₹84.00 L | ₹1.52 Cr | 17.1% | 11.5% | 22.4% |
| 10 Years | ₹1.20 Cr | ₹2.54 Cr | 14.6% | 12.0% | 16.0% |
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 | 17.0% | 14.4% | 16.5% | +2.7% |
| 3 Years | 15.3% | 11.1% | 17.7% | +4.2% |
| 5 Years | 17.7% | 10.4% | 17.3% | +7.3% |
| 7 Years | 17.1% | 10.6% | 16.6% | +6.5% |
| 10 Years | 14.6% | 11.5% | 16.8% | +3.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.6% | 12.4% | -31.7% | 92.8% | 0.52 | 1.65 | 84% | — | — |
| 3 Years | 15.5% | 15.6% | -6.9% | 35.2% | 1.24 | 4.25 | 96% | — | — |
| 5 Years | 16.9% | 16.4% | 10.1% | 28.7% | 2.84 | — | 100% | — | — |
| 10 Years | 15.1% | 15.0% | 14.2% | 16.8% | 14.03 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +12.00 | 1.08 | 110.1% | 95.3% | 8.3% | -2.9% |
| 3 Years | +4.59 | 0.98 | 101.5% | 95.4% | 12.3% | 7.8% |
| 5 Years | +5.08 | 0.96 | 97.3% | 90.7% | 12.8% | 7.8% |
| 7 Years | +5.38 | 0.88 | 91.0% | 84.8% | 16.5% | 11.8% |
| 10 Years | +3.91 | 0.88 | 90.0% | 84.7% | 14.2% | 10.8% |
| 12 Years | +3.83 | 0.86 | 88.4% | 82.3% | 13.4% | 10.1% |
| 15 Years | +2.82 | 0.86 | 88.4% | 82.3% | 10.6% | 8.0% |