Quant BFSI Fund
Direct · GrowthAI Summary
Quant BFSI Fund has delivered strong returns, with a 1Y SIP XIRR of 20.27% and 3Y XIRR of 17.96%, beating the category averages of 10.72% and 16.31% respectively. Against the NIFTY 50, the fund shows substantial outperformance with a 3Y alpha of 15.82% and a fund CAGR of 20.54% versus the benchmark's 4.9%. Calendar year returns have been consistently positive, including 38.82% in 2023 and 25.68% in 2025.
The fund carries elevated market risk with a beta above 1 across all periods (1.06 to 1.11), amplifying both gains and losses relative to the NIFTY 50. Its downside capture of 83.28% to 95.63% indicates it falls somewhat less than the benchmark, while upside capture above 110% drives the strong alpha. The 3Y Calmar ratio of 1.0993 reflects reasonable risk-adjusted returns, though the maximum drawdown duration of 157 days shows recovery can take time.
The portfolio is highly concentrated with only 12 total holdings, and the top 10 positions account for over 83% of NAV, led by ICICI Prudential AMC at 10.28% and Capri Global Capital at 9.6%. Sector exposure is dominated by Finance at 41.4% and Capital Markets at 27.2%, meaning nearly 69% of the fund rides on financial services and market-linked businesses. This narrow diversification magnifies the impact of any single holding or sub-sector downturn.
The fund outperforms the sectoral/thematic category on SIP XIRR at both 1Y (20.27% vs 10.72%) and 3Y (17.96% vs 16.31%) horizons. Its consistency is exceptional, with 100% scores over both 12-month and 24-month windows and current top-fund status. However, category averages over longer horizons (5Y: 17.49%) suggest its longer-term edge may be narrower than recent performance implies.
This fund suits investors with high risk tolerance who want a tactical, concentrated bet on India's financial services sector, and it should be treated as a satellite holding rather than a core portfolio fund. A horizon of at least 5 years is advisable given sector cyclicality and the fund's high beta. Investors should be comfortable with drawdowns and the concentration risk inherent in a 12-stock sectoral portfolio.
- Strong outperformance versus both benchmark and category, with 3Y alpha of 15.82% and 1Y SIP XIRR of 20.27% against a category average of 10.72%
- Favorable capture profile with upside capture above 110% and downside capture below 100% across all measured periods
- Excellent consistency, holding a 100% top-fund score over both 12-month and 24-month windows
- Extreme portfolio concentration with only 12 holdings and nearly 69% exposure to Finance and Capital Markets combined
- High beta (1.06 to 1.11) makes the fund more volatile than the broad market, and sectoral funds can underperform sharply when the BFSI cycle turns
Generated on 13-10-2026, 3:12 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 | ₹13.17 L | 20.2% | -28.9% | 75.6% |
| 3 Years | ₹36.00 L | ₹46.43 L | 18.1% | 11.8% | 22.2% |
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 | 20.2% | 14.3% | 10.7% | +5.9% |
| 3 Years | 18.1% | 11.0% | 16.3% | +7.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 20.4% | 19.3% | -12.8% | 72.4% | 0.74 | 3.21 | 87% | — | — |
| 3 Years | 24.3% | 23.9% | 19.5% | 28.8% | 6.30 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +18.07 | 1.02 | 104.2% | 82.8% | 8.2% | -9.5% |
| 3 Years | +14.36 | 1.10 | 112.6% | 94.8% | 19.7% | 5.5% |
| 5 Years | +11.33 | 1.08 | 112.6% | 90.3% | 15.4% | 4.3% |
| 7 Years | +8.04 | 1.08 | 112.6% | 90.3% | 10.8% | 3.0% |
| 10 Years | +5.68 | 1.08 | 112.6% | 90.3% | 7.4% | 2.1% |
| 12 Years | +4.79 | 1.08 | 112.6% | 90.3% | 6.2% | 1.8% |
| 15 Years | +3.91 | 1.08 | 112.6% | 90.3% | 4.9% | 1.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Prudential AMC Ltd | 10.28% |
| 2 | Capri Global Capital Limited | 9.60% |
| 3 | Life Insurance Corporation Of India | 9.52% |
| 4 | LIC Housing Finance Ltd | 9.18% |
| 5 | Nippon Life India Asset Management Ltd | 9.12% |
| 6 | Piramal Finance Ltd | 9.05% |
| 7 | Manappuram Finance Ltd | 8.67% |
| 8 | Multi Commodity Exchange of India Ltd. | 7.78% |
| 9 | Karnataka Bank Ltd | 5.24% |
| 10 | TSF INVESTMENTS LIMITED | 4.94% |