Quant Flexi Cap Fund
Direct · GrowthAI Summary
Quant Flexi Cap Fund has delivered strong SIP returns across horizons, with XIRR of 20.91% over 3Y, 23.98% over 5Y, and 22.42% over 10Y, comfortably ahead of category averages of 14.84%, 16.12%, and 15.98% respectively. Against the NIFTY 50, the fund shows consistent alpha, including 9.20% over 3Y and 8.83% over 10Y, with lump-sum CAGRs of 13.91% and 18.54% versus the benchmark's 4.78% and 10.24%. The outperformance is driven by favorable capture dynamics, particularly over longer periods where downside capture of roughly 81-84% pairs with upside capture above 91%.
The fund's maximum drawdown of -0.41% with a 140-day recovery appears unusually mild, though it has experienced 8 drawdown events exceeding 10%, indicating meaningful interim volatility. Calmar ratios remain stable around 0.50-0.60 across horizons, suggesting consistent risk-adjusted returns. Beta has ranged from 0.85 over longer windows to near 1.0 recently, showing the fund moves closely with the market while historically limiting downside losses.
The portfolio is concentrated with 28 total holdings, and the top 10 account for roughly 56% of NAV, led by Samvardhana Motherson (9.28%) and three Adani group companies totaling about 22.9%. Power is the largest sector at 17.7%, followed by Pharmaceuticals at 15.0%, creating notable sector concentration. The heavy Adani group exposure (Adani Enterprises, Adani Power, Adani Green, Adani Energy Solutions) represents a significant single-group concentration risk.
The fund outperforms its Flexi Cap category by a wide margin on SIP XIRR at every horizon, with the 5Y gap of nearly 8 percentage points (23.98% vs 16.12%) being particularly striking. Calendar year returns show high dispersion, ranging from -10.22% in 2013 to 69.14% in 2014, reflecting a high-conviction, volatile style. This pattern suggests strong alpha generation that comes with pronounced year-to-year variability rather than steady outperformance.
This fund suits aggressive investors with a long time horizon of 7+ years who can tolerate significant year-to-year return swings and concentrated group exposure. Its strong long-term XIRR and downside capture profile reward patient SIP investors, but short-term investors may find the volatility and calendar-year dispersion uncomfortable. Investors should be comfortable with the Adani group concentration before allocating, and treat this as a satellite holding rather than a core conservative holding.
- SIP XIRR beats category averages at every horizon, including 23.98% over 5Y versus the category's 16.12%
- Consistent positive alpha versus NIFTY 50 across all measured periods, with 7Y alpha of 15.08%
- Favorable asymmetry over long horizons, with 10Y downside capture of 83.41% against upside capture of 93.68%
- Heavy Adani group concentration of roughly 22.9% of NAV across four Adani companies creates single-group risk
- High calendar-year return dispersion, from -10.22% in 2013 to 69.14% in 2014, indicates a volatile, high-conviction style
Generated on 17-10-2026, 4:56 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 | ₹12.88 L | 26.9% | -56.2% | 175.5% |
| 3 Years | ₹36.00 L | ₹48.38 L | 21.5% | -25.6% | 58.8% |
| 5 Years | ₹60.00 L | ₹1.03 Cr | 21.5% | -10.1% | 40.8% |
| 7 Years | ₹84.00 L | ₹1.92 Cr | 22.5% | -0.8% | 33.0% |
| 10 Years | ₹1.20 Cr | ₹3.75 Cr | 22.4% | 18.1% | 27.1% |
| 12 Years | ₹1.44 Cr | ₹5.40 Cr | 20.8% | 17.8% | 23.7% |
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 | 26.9% | 14.3% | 9.6% | +12.6% |
| 3 Years | 21.5% | 11.0% | 14.8% | +10.5% |
| 5 Years | 21.5% | 10.4% | 16.1% | +11.1% |
| 7 Years | 22.5% | 10.6% | 15.5% | +11.9% |
| 10 Years | 22.4% | 11.4% | 16.0% | +11.0% |
| 12 Years | 20.8% | 11.3% | 15.2% | +9.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 24.9% | 14.2% | -34.4% | 145.5% | 0.58 | 2.58 | 78% | — | — |
| 3 Years | 21.7% | 19.4% | -8.5% | 53.2% | 1.41 | 8.77 | 97% | — | — |
| 5 Years | 21.4% | 21.3% | 0.2% | 42.0% | 1.86 | 36.02 | 100% | — | — |
| 10 Years | 21.2% | 20.4% | 17.8% | 26.7% | 7.05 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +14.80 | 0.97 | 98.5% | 79.9% | 5.7% | -9.5% |
| 3 Years | +8.66 | 1.03 | 107.1% | 96.4% | 14.1% | 5.5% |
| 5 Years | +7.96 | 1.03 | 105.1% | 95.7% | 12.5% | 4.6% |
| 7 Years | +14.82 | 0.86 | 96.0% | 80.9% | 24.8% | 10.6% |
| 10 Years | +8.57 | 0.86 | 93.3% | 83.3% | 18.5% | 10.5% |
| 12 Years | +9.14 | 0.85 | 91.8% | 81.1% | 18.2% | 9.6% |
| 15 Years | +7.36 | 0.87 | 93.3% | 83.8% | 16.4% | 9.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Samvardhana Motherson International Ltd | 9.28% |
| 2 | Adani Enterprises Limited | 8.05% |
| 3 | Adani Power Limited | 8.01% |
| 4 | Aurobindo Pharma Limited | 6.87% |
| 5 | ICICI Prudential AMC Ltd | 6.38% |
| 6 | Reliance Industries Ltd. | 4.94% |
| 7 | Adani Green Energy Limited | 3.67% |
| 8 | Glenmark Pharmaceuticals Ltd. | 3.44% |
| 9 | Adani Energy Solutions Limited | 3.18% |
| 10 | Tata Power Company Limited | 2.88% |