Quant Large Cap Fund
Direct · GrowthAI Summary
Quant Large Cap Fund has delivered strong alpha versus the NIFTY 50 across all periods, with a 3Y fund CAGR of 11.77% against the benchmark's 4.15% and alpha of 7.67%. Its 1Y SIP XIRR of 12.82% comfortably beats the category average of 7.8%, though the 3Y XIRR of 10.4% trails the category average of 14.03%. The fund's upside capture above 105% with downside capture below 98% indicates it has outperformed in both rising and falling markets.
The fund shows a beta of roughly 1.02, meaning it moves in line with the market, and its maximum drawdown of -21.11% took 489 days to recover, which is a meaningful recovery lag. Two drawdown events exceeding 10% and a 158-day drawdown duration highlight moderate but real downside risk. Calmar ratios of 0.84 (1Y) and 0.77 (3Y) suggest reasonable but not exceptional risk-adjusted returns.
The portfolio is highly concentrated with only 15 total holdings, and the top 10 account for over 66% of NAV, led by ICICI Prudential AMC at 9.9% and Adani Green Energy at 8.48%. Adani group companies (Adani Green, Adani Enterprises, Adani Energy Solutions) together represent roughly 20% of the portfolio, creating significant single-group exposure. Sector concentration is also notable, with Power at 12.1% and the top five sectors accounting for about 49.5% of the fund.
The fund outperforms the category on a 1Y SIP XIRR basis (12.82% vs 7.8%) but underperforms on longer horizons, with its 3Y XIRR of 10.4% falling short of the category average of 14.03%. Calendar year returns show inconsistency, ranging from 28.37% in 2023 to -1.49% in 2026. Its consistent alpha over the NIFTY 50 across 1Y to 15Y periods, however, demonstrates durable benchmark-beating capability.
This fund suits investors with a high risk tolerance who are comfortable with concentrated bets, including substantial Adani group exposure, and can tolerate drawdowns exceeding 20%. A long-term horizon of at least 5-7 years is advisable given the extended recovery periods from drawdowns. It is best used as a satellite large-cap holding rather than a core, diversified large-cap allocation.
- Consistent positive alpha versus NIFTY 50 across all time periods, with 7.67% alpha over 3Y and 13.00% over 1Y
- Upside capture above 105% combined with downside capture below 98%, indicating outperformance in both market directions
- Low expense ratio of 0.55% for a direct plan, keeping costs competitive
- Heavy Adani group concentration of roughly 20% of NAV across three holdings creates significant single-group risk
- Very concentrated portfolio of only 15 holdings with the top 10 exceeding 66% of NAV, reducing diversification
- 3Y SIP XIRR of 10.4% lags the category average of 14.03%, and the -21.11% max drawdown took 489 days to recover
Generated on 14-10-2026, 4:09 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 | ₹12.73 L | 18.9% | -27.9% | 80.6% |
| 3 Years | ₹36.00 L | ₹41.66 L | 10.7% | -0.7% | 18.7% |
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 | 18.9% | 14.3% | 7.8% | +4.6% |
| 3 Years | 10.7% | 11.0% | 14.0% | -0.3% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.6% | 9.1% | -10.7% | 59.8% | 0.54 | 2.20 | 80% | — | — |
| 3 Years | 16.1% | 16.2% | 11.8% | 19.4% | 6.17 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +11.72 | 1.04 | 108.0% | 93.2% | 1.5% | -9.5% |
| 3 Years | +7.31 | 1.02 | 106.2% | 97.3% | 12.8% | 5.5% |
| 5 Years | +4.88 | 1.01 | 105.1% | 97.7% | 10.2% | 5.4% |
| 7 Years | +3.43 | 1.01 | 105.1% | 97.7% | 7.2% | 3.8% |
| 10 Years | +2.38 | 1.01 | 105.1% | 97.7% | 5.0% | 2.6% |
| 12 Years | +1.99 | 1.01 | 105.1% | 97.7% | 4.1% | 2.2% |
| 15 Years | +1.59 | 1.01 | 105.1% | 97.7% | 3.3% | 1.8% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Prudential AMC Ltd | 9.90% |
| 2 | Adani Green Energy Limited | 8.48% |
| 3 | Adani Enterprises Limited | 8.17% |
| 4 | Divi's Laboratories Limited | 7.43% |
| 5 | LG Electronics India Limited | 7.39% |
| 6 | HCL Technologies Ltd. | 6.02% |
| 7 | Samvardhana Motherson International Ltd | 4.53% |
| 8 | Capri Global Capital Limited | 3.96% |
| 9 | Adani Energy Solutions Limited | 3.63% |
| 10 | Bharti Airtel Limited | 3.21% |