Quant Manufacturing Fund
Direct · GrowthAI Summary
The Quant Manufacturing Fund has delivered a 1-year XIRR of 10.64% and a 3-year XIRR of 13.59%, both below the category averages of 14.1% and 16.82% respectively. Over the same periods, the fund has outperformed the NIFTY 50 benchmark with a 1-year alpha of 23.02% and a 3-year alpha of 12.34%, while the benchmark CAGR was -2.9% and 7.75% respectively. The fund's 1-year rolling return of 9.46% is lower than its 3-year rolling return of 20.37%, indicating recent performance has lagged its longer-term average.
The fund has a maximum drawdown of -29.65% with a duration of 549 days and has not yet recovered from this drawdown, indicating significant downside risk. It has experienced 2 drawdown events exceeding 10%, and the average drawdown is -10.31%. The Calmar ratio improves from 0.32 at 1 year to 0.69 at 3 years, suggesting better risk-adjusted returns over longer horizons, but the prolonged drawdown remains a concern.
The fund is highly concentrated with only 14 holdings, with the top 10 comprising over 76% of the NAV. The largest holding is Lloyds Metals And Energy at 10.56%, followed by Adani Enterprises at 9.05% and Aurobindo Pharma at 8.99%. Sector-wise, Electrical Equipment (15.3%), Pharmaceuticals & Biotechnology (13.8%), and Minerals & Mining (10.6%) dominate, indicating a focused thematic exposure with limited diversification.
The fund's XIRR trails the category average across all periods, with a 1-year gap of -3.46% and a 3-year gap of -3.24%. Despite this underperformance, the fund has consistently beaten the NIFTY 50 benchmark with positive alpha and higher upside capture (114.64%) while maintaining downside capture near 99% over longer horizons. The fund's performance has been volatile, with a strong 2024 and 2023 (25.25% and 25.39%) but a negative 2025 (-5.18%), indicating inconsistency.
This fund is suitable for investors with a high risk tolerance and a long-term horizon of at least 5-7 years, given its sectoral concentration and significant drawdown risk. It is best suited for those seeking thematic exposure to manufacturing and related sectors, and who can withstand periods of underperformance and prolonged drawdowns. Investors should be aware that the fund's returns have lagged category peers recently, and it may not be appropriate for conservative or short-term investors.
- Consistent outperformance over the NIFTY 50 benchmark with positive alpha across all time periods (1Y to 15Y).
- Higher upside capture (114.64%) indicates the fund participates more in market upswings than the benchmark.
- Strong 3-year rolling return of 20.37% and a 3-year Calmar ratio of 0.69, showing improved risk-adjusted performance over longer periods.
- XIRR underperforms the category average by over 3% at both 1-year and 3-year horizons.
- Maximum drawdown of -29.65% with no recovery yet, and a drawdown duration of 549 days, indicating high downside risk and potential for prolonged losses.
Generated on 30-08-2026, 2:58 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 | ₹12.10 L | 10.6% | -35.7% | 83.1% |
| 3 Years | ₹36.00 L | ₹43.54 L | 13.6% | 12.2% | 15.2% |
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 | 10.6% | 14.4% | 14.1% | -3.8% |
| 3 Years | 13.6% | 11.1% | 16.8% | +2.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 9.5% | 0.2% | -19.4% | 75.6% | 0.12 | 0.27 | 50% | — | — |
| 3 Years | 20.4% | 20.4% | 20.2% | 20.5% | 57.69 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +23.02 | 1.12 | 120.3% | 90.5% | 19.0% | -2.9% |
| 3 Years | +12.34 | 1.09 | 114.6% | 99.6% | 20.2% | 7.8% |
| 5 Years | +7.47 | 1.09 | 114.6% | 99.4% | 11.8% | 4.5% |
| 7 Years | +5.39 | 1.09 | 114.6% | 99.4% | 8.3% | 3.2% |
| 10 Years | +3.89 | 1.09 | 114.6% | 99.4% | 5.7% | 2.2% |
| 12 Years | +3.32 | 1.09 | 114.6% | 99.4% | 4.8% | 1.9% |
| 15 Years | +2.76 | 1.09 | 114.6% | 99.4% | 3.8% | 1.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Lloyds Metals And Energy Limited | 10.56% |
| 2 | Adani Enterprises Limited | 9.05% |
| 3 | Aurobindo Pharma Limited | 8.99% |
| 4 | Bharat Heavy Electricals Ltd | 8.88% |
| 5 | Zydus Wellness Ltd | 8.20% |
| 6 | Adani Green Energy Limited | 8.13% |
| 7 | Ador Welding Limited | 7.36% |
| 8 | Ravindra Energy Limited | 6.46% |
| 9 | Gujarat Themis Biosyn Ltd | 4.79% |
| 10 | Sumitomo Chemical India Limited | 4.37% |