Quant Commodities Fund
Direct · GrowthAI Summary
Quant Commodities Fund has delivered a 1Y SIP XIRR of 9.65%, modestly below the category average of 10.72%. Against the NIFTY 50, the fund shows strong outperformance across all periods, with a 1Y Fund CAGR of 5.68% versus -10.57% for the benchmark and a 3Y CAGR of 12.2% versus 1.2%. The 1Y rolling return mean of 7.04% suggests lump-sum investors have experienced more muted returns than SIP investors.
The fund carries a beta of 1.17, meaning it moves more sharply than the market in both directions, with a downside capture above 100% in all periods (103.74% over 1Y). The 1Y Calmar ratio of 0.2291 indicates modest risk-adjusted returns, and the maximum drawdown recovery took 449 days after a 153-day drawdown period. Investors should expect meaningful volatility given the concentrated commodity and power exposure.
The portfolio is highly concentrated with only 12 holdings, and the top 10 account for roughly 77% of NAV. Power is the dominant sector at 29.7%, and Adani group companies alone (Adani Enterprises, Adani Energy Solutions, Adani Green Energy, and Adani Power) represent over 31% of the portfolio. This creates significant single-group and single-sector concentration risk.
The fund's 1Y SIP XIRR of 9.65% trails the category average of 10.72%, placing it below peers in the sectoral/thematic space. Calendar year returns show inconsistency, ranging from 38.72% in 2024 to -2.11% in 2025 and just 0.08% in 2023. This pattern is typical of cyclical commodity funds, which depend heavily on favorable commodity price cycles.
This fund is suitable only for experienced investors with high risk tolerance who understand commodity and Adani-group concentration risks. A time horizon of at least 5-7 years is advisable given the long drawdown recovery periods and cyclical nature of returns. It should be used as a small tactical allocation within a diversified portfolio, not a core holding.
- Consistent alpha generation versus NIFTY 50 across all periods, with 1Y alpha of 19.24% and 3Y alpha of 11.88%
- Strong upside capture of 129.25% over 1Y, allowing the fund to outperform sharply in rising markets
- Low expense ratio of 0.87% for a thematic fund in the Direct option
- Extreme concentration risk with over 31% of NAV in Adani group companies and only 12 total holdings
- 1Y SIP XIRR of 9.65% trails the category average of 10.72%, and calendar year returns are highly inconsistent
Generated on 13-10-2026, 3:08 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 | ₹12.26 L | 6.7% | -30.5% | 45.7% |
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 | 6.7% | 14.3% | 10.7% | -7.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 6.0% | 5.5% | -14.2% | 43.4% | -0.05 | -0.07 | 65% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +19.18 | 1.13 | 124.5% | 99.1% | 5.5% | -11.4% |
| 3 Years | +11.82 | 1.15 | 115.8% | 99.7% | 12.9% | 1.7% |
| 5 Years | +7.29 | 1.15 | 115.8% | 99.7% | 7.5% | 1.0% |
| 7 Years | +5.42 | 1.15 | 115.8% | 99.7% | 5.3% | 0.7% |
| 10 Years | +4.05 | 1.15 | 115.8% | 99.7% | 3.7% | 0.5% |
| 12 Years | +3.53 | 1.15 | 115.8% | 99.7% | 3.1% | 0.4% |
| 15 Years | +3.00 | 1.15 | 115.8% | 99.7% | 2.5% | 0.3% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Adani Enterprises Limited | 9.72% |
| 2 | Kalyani Steels Ltd | 9.70% |
| 3 | Adani Energy Solutions Limited | 9.38% |
| 4 | Adani Green Energy Limited | 9.33% |
| 5 | Reliance Industries Ltd. | 8.75% |
| 6 | Lloyds Metals And Energy Limited | 8.15% |
| 7 | Tata Power Co. Ltd. | 7.55% |
| 8 | HFCL Limited | 6.55% |
| 9 | Heubach Colorants India Limited | 5.30% |
| 10 | Adani Power Limited | 3.39% |