Quant Consumption Fund

The Quant Consumption Fund has delivered a 1-year SIP XIRR of -6.158%, significantly underperforming the category average of 14.1% for the same period. Over the longer term, the fund's CAGR has lagged the NIFTY 50 benchmark across all periods, with a 3-year CAGR of 1.41% versus the benchmark's 3.58%. The fund did show a positive calendar year return of 5.68% in 2026, but this follows a -7.58% return in 2025.

The fund exhibits a maximum drawdown of -0.304% with a duration of 549 days and has not yet recovered from this drawdown, indicating prolonged downside risk. The Calmar ratio for 1 year is -0.2141, reflecting negative risk-adjusted returns relative to the drawdown experienced. With a beta of 0.8559 against the NIFTY 50, the fund is less volatile than the benchmark, but its downside capture of 78.05% suggests it loses less in down markets, while upside capture of 87.77% indicates it also participates less in up markets.

The fund is highly concentrated with 13 holdings, with the top 10 accounting for over 77% of the portfolio. The largest sector exposure is Consumer Durables at 22.8%, followed by Food Products at 15.0% and Telecom - Services at 13.2%. Top individual holdings include Capri Global Capital (9.28%), LG Electronics India (8.89%), and Safari Industries (8.56%), indicating a thematic focus on consumption-related sectors.

The fund's 1-year XIRR of -6.158% is drastically below the category average of 14.1%, placing it in the bottom quartile of its category. Over longer horizons, the fund's CAGR has consistently underperformed the benchmark, with negative alpha across 3, 5, 7, 10, 12, and 15-year periods. The fund's performance has been inconsistent, with a positive 2024 and 2026 but a negative 2025, suggesting a lack of stability relative to peers.

This fund is suitable only for investors with a very high risk tolerance and a long-term investment horizon, given its significant underperformance and prolonged drawdown. It is not appropriate for investors seeking steady returns or those with a shorter time frame, as the fund has failed to recover from its maximum drawdown. Investors should consider this fund only as a small satellite allocation within a diversified portfolio, and only if they have a strong conviction in the consumption theme.

• The fund has a lower beta (0.8559) than the benchmark, indicating lower volatility, which may appeal to risk-averse investors.
• The fund has shown positive returns in 2024 (6.56%) and 2026 (5.68%), demonstrating some ability to generate gains in certain market conditions.
• The fund's downside capture ratio of 78.05% suggests it loses less than the benchmark during market downturns, providing some downside protection.

• The fund's 1-year XIRR of -6.158% is significantly below the category average of 14.1%, indicating severe underperformance relative to peers.
• The fund has not recovered from its maximum drawdown of -0.304% after 549 days, and the Calmar ratio is negative, reflecting poor risk-adjusted returns.
• The fund has consistently underperformed the NIFTY 50 benchmark across all time periods, with negative alpha over 3, 5, 7, 10, 12, and 15 years.