Nippon India Quant Fund
Direct · GrowthAI Summary
Nippon India Quant Fund has delivered strong SIP XIRR of 17.16% over 3Y and 17.13% over 5Y, beating the NIFTY 50 lump-sum CAGR of 11.75% and 11.41% over the same periods with consistent positive alpha (6.45% to 7.43% across 1Y-5Y). However, its XIRR trails the category average at longer horizons — 16.23% vs 16.46% over 10Y and 15.51% vs 15.81% over 12Y — though it leads over 3Y (17.16% vs 16.36%). The 1Y XIRR of 9.97% is slightly below the category average of 10.78%, reflecting a softer recent year.
The fund shows a beta near 1.0 in recent periods (1.01 at 1Y) but has historically run below market beta (0.92-0.94 over 7Y-15Y), with downside capture consistently below 100% (91.55% to 100.23%), indicating it loses slightly less than the benchmark in falling markets. Upside capture above 100% in recent windows (105-109%) combined with sub-100% downside capture underpins its positive alpha. The Calmar ratio is stable around 0.42-0.48 across horizons, and 8 drawdown events exceeding 10% confirm meaningful episodic volatility typical of a thematic/quant strategy.
The 32-stock portfolio is concentrated, with ICICI Bank (7.36%) and HDFC Bank (7.23%) alone accounting for nearly 15% of NAV, and the top 10 holdings representing roughly 42%. Banks (14.6%), Retailing (10.9%), Automobiles (9.7%), and Finance (9.4%) are the top sectors, giving a financials-heavy tilt (Banks plus Finance at ~24%). Holdings like Divi's Labs, Dixon Technologies, and InterGlobe Aviation reflect the quant model's multi-sector stock selection rather than a single-theme bet, despite the sectoral/thematic classification.
The fund outperforms the category average SIP XIRR over 3Y (17.16% vs 16.36%) but lags over 5Y (17.13% vs 17.51%), 7Y (15.45% vs 16.65%), and 10Y (16.23% vs 16.46%), suggesting strong recent performance but middling long-horizon consistency. Calendar year returns show wide dispersion, from 34.85% in 2023 and 33.91% in 2014 to -5.02% in 2015 and -8.92% in 2026 YTD. This variability is characteristic of the sectoral/thematic category and indicates performance is period-dependent.
This fund suits investors with high risk tolerance and a horizon of at least 5-7 years, given its drawdown history and return dispersion across calendar years. It is best used as a satellite allocation within a diversified portfolio rather than a core holding, given its sectoral/thematic classification and concentrated book. Investors should be prepared for periods of significant underperformance, such as the -8.92% return in 2026 so far.
- Consistent positive alpha versus NIFTY 50 across all measured horizons, from 2.48% over 15Y to 7.43% over 3Y
- Downside capture below 100% across most periods (as low as 91.55% over 7Y) with upside capture above 100% in recent windows, indicating favorable asymmetry
- Low expense ratio of 0.53% for a Direct plan, and strong 3Y SIP XIRR of 17.16% that beats the category average of 16.36%
- XIRR trails the category average over 5Y, 7Y, 10Y, and 12Y horizons, indicating inconsistent long-term outperformance versus sectoral/thematic peers
- Concentrated portfolio with the top two holdings at ~14.6% of NAV and financials at ~24%, plus high calendar-year return dispersion (from -8.92% to 34.85%) implying elevated volatility
Generated on 10-10-2026, 3:03 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 | ₹12.70 L | 16.3% | -51.0% | 79.4% |
| 3 Years | ₹36.00 L | ₹44.21 L | 14.4% | -19.1% | 35.6% |
| 5 Years | ₹60.00 L | ₹86.98 L | 15.0% | -7.5% | 30.3% |
| 7 Years | ₹84.00 L | ₹1.46 Cr | 15.4% | -2.4% | 24.5% |
| 10 Years | ₹1.20 Cr | ₹2.86 Cr | 16.2% | 11.9% | 19.9% |
| 12 Years | ₹1.44 Cr | ₹3.92 Cr | 15.5% | 13.3% | 17.5% |
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 | 16.3% | 14.3% | 10.7% | +2.0% |
| 3 Years | 14.4% | 11.0% | 16.3% | +3.4% |
| 5 Years | 15.0% | 10.4% | 17.5% | +4.6% |
| 7 Years | 15.4% | 10.6% | 16.6% | +4.9% |
| 10 Years | 16.2% | 11.4% | 16.4% | +4.8% |
| 12 Years | 15.5% | 11.3% | 15.8% | +4.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 15.7% | 10.3% | -28.4% | 82.8% | 0.51 | 1.51 | 83% | — | — |
| 3 Years | 14.5% | 13.8% | -5.4% | 32.2% | 1.18 | 6.04 | 99% | — | — |
| 5 Years | 14.3% | 13.7% | -2.1% | 30.2% | 1.31 | 8.57 | 100% | — | — |
| 10 Years | 14.3% | 14.5% | 11.6% | 17.1% | 7.18 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +5.13 | 0.99 | 105.2% | 97.8% | -6.2% | -11.4% |
| 3 Years | +6.65 | 1.06 | 108.1% | 100.1% | 11.8% | 5.3% |
| 5 Years | +6.78 | 1.02 | 105.0% | 97.1% | 11.2% | 4.4% |
| 7 Years | +5.97 | 0.92 | 97.5% | 91.5% | 15.9% | 10.2% |
| 10 Years | +3.54 | 0.92 | 96.3% | 92.3% | 13.4% | 10.2% |
| 12 Years | +2.83 | 0.94 | 96.9% | 93.6% | 11.9% | 9.3% |
| 15 Years | +2.40 | 0.94 | 97.3% | 94.3% | 11.6% | 9.3% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 7.36% |
| 2 | HDFC Bank Limited | 7.23% |
| 3 | Divi's Laboratories Limited | 3.83% |
| 4 | Reliance Industries Limited | 3.63% |
| 5 | Bharti Airtel Limited | 3.59% |
| 6 | Eternal Limited | 3.47% |
| 7 | Dixon Technologies (India) Limited | 3.46% |
| 8 | InterGlobe Aviation Limited | 3.19% |
| 9 | Bajaj Finance Limited | 3.11% |
| 10 | Mahindra & Mahindra Limited | 3.01% |