Quant Large and Mid Cap Fund
Direct · GrowthAI Summary
Quant Large and Mid Cap Fund has delivered strong SIP XIRR across horizons, with 19.53% over 3Y and 19.52% over 10Y, consistently outperforming the category averages of 17.73% and 16.75% respectively. Against the NIFTY 50, the fund shows substantial alpha of 9.68% over 3Y and 8.73% over 12Y, with lump-sum CAGRs of 17.46% (3Y) and 18.04% (12Y) versus benchmark 7.75% and 9.79%. The 1Y XIRR of 23.21% also leads the category average of 16.54%.
The fund has experienced 6 drawdown events exceeding 10%, with a lengthy recovery of 1,723 days from its maximum drawdown, indicating that lump-sum investors may need to endure extended recovery periods. Risk-adjusted behavior is favorable, with downside capture of 76.83% over 12Y and 82.73% over 10Y versus upside capture around 90%, meaning the fund has historically fallen less than the benchmark in down markets. Calmar ratios remain stable between 0.40 and 0.48 across horizons, reflecting consistent returns relative to drawdown risk.
The portfolio is highly concentrated with only 18 total holdings, and the top 10 positions account for roughly 61% of NAV, led by Lloyds Metals and Energy at 10.24% and Aurobindo Pharma at 8.93%. Notably, three Adani group companies (Adani Enterprises, Adani Green Energy, and Adani Power) together represent about 18.7% of the portfolio, creating significant single-group exposure. Sector concentration is moderate, with Power (13.9%), Auto Components (10.6%), and Minerals & Mining (10.2%) as the top sectors.
The fund beats category average SIP XIRR at every measured horizon, with the widest gaps over 10Y (19.52% vs 16.75%) and 12Y (18.51% vs 16.49%). Calendar year returns show strong consistency in favorable markets, including 37.73% in 2021, 33.26% in 2023, and 19.06% in 2024, though 2025 was negative at -1.36%. This long track record of outperformance suggests an effective investment process, though the concentrated portfolio may drive higher variability than peers.
This fund suits investors with a high risk tolerance and a long time horizon of at least 5-7 years, given the extended 1,723-day recovery from maximum drawdown and the inherent volatility of large and mid cap equities. It is appropriate as a satellite or growth-oriented allocation for investors comfortable with concentrated bets, including meaningful Adani group exposure. SIP investors seeking long-term wealth creation with above-category returns may find it compelling, but should be prepared for interim drawdowns.
- SIP XIRR beats category averages at all horizons, including 19.53% over 3Y versus 17.73% for the category
- Consistent alpha versus NIFTY 50 across 1Y to 15Y, with 9.68% alpha over 3Y and 7.13% over 15Y
- Favorable downside capture of 76.83% over 12Y, cushioning losses relative to the benchmark in weak markets
- Very concentrated portfolio of only 18 holdings with roughly 18.7% in Adani group companies, creating single-group risk
- Long recovery of 1,723 days from maximum drawdown and 6 drawdown events exceeding 10% indicate extended potential pain for lump-sum investors
Generated on 06-09-2026, 7:55 PM. 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 | ₹13.00 L | 23.2% | -46.8% | 258.7% |
| 3 Years | ₹36.00 L | ₹48.47 L | 19.5% | -18.6% | 42.1% |
| 5 Years | ₹60.00 L | ₹95.38 L | 18.5% | -6.4% | 36.8% |
| 7 Years | ₹84.00 L | ₹1.63 Cr | 18.9% | 3.1% | 29.5% |
| 10 Years | ₹1.20 Cr | ₹3.20 Cr | 19.5% | 14.5% | 24.2% |
| 12 Years | ₹1.44 Cr | ₹4.68 Cr | 18.5% | 15.0% | 21.7% |
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 | 23.2% | 14.4% | 16.5% | +8.8% |
| 3 Years | 19.5% | 11.1% | 17.7% | +8.4% |
| 5 Years | 18.5% | 10.4% | 17.3% | +8.1% |
| 7 Years | 18.9% | 10.6% | 16.6% | +8.3% |
| 10 Years | 19.5% | 11.5% | 16.8% | +8.1% |
| 12 Years | 18.5% | 11.4% | 16.5% | +7.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 22.1% | 17.0% | -34.1% | 155.8% | 0.65 | 2.66 | 82% | — | — |
| 3 Years | 20.2% | 21.0% | -6.9% | 38.6% | 1.44 | 9.02 | 98% | — | — |
| 5 Years | 18.9% | 17.7% | -3.3% | 33.6% | 1.98 | 40.65 | 100% | — | — |
| 10 Years | 19.5% | 18.9% | 11.4% | 24.4% | 5.09 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +16.37 | 0.95 | 100.9% | 80.1% | 13.9% | -2.9% |
| 3 Years | +9.68 | 1.02 | 106.7% | 94.5% | 17.5% | 7.8% |
| 5 Years | +9.84 | 1.03 | 105.9% | 94.3% | 17.7% | 7.8% |
| 7 Years | +10.63 | 0.86 | 94.9% | 84.0% | 21.7% | 11.8% |
| 10 Years | +6.22 | 0.86 | 90.5% | 82.7% | 16.4% | 10.8% |
| 12 Years | +8.73 | 0.85 | 90.3% | 76.8% | 18.0% | 9.8% |
| 15 Years | +7.13 | 0.83 | 87.9% | 75.6% | 16.3% | 9.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Aurobindo Pharma Limited | 9.73% |
| 2 | Lloyds Metals And Energy Limited | 9.00% |
| 3 | Samvardhana Motherson International Ltd | 8.14% |
| 4 | Adani Enterprises Limited | 6.44% |
| 5 | Adani Green Energy Limited | 5.69% |
| 6 | Adani Power Limited | 5.16% |
| 7 | Bharat Heavy Electricals Ltd | 4.59% |
| 8 | Sona BLW Precision Forgings Limited | 3.13% |
| 9 | K.P.R. Mill Limited | 3.09% |
| 10 | Tata Communications Limited | 2.93% |