Quant Momentum Fund

The Quant Momentum Fund has delivered a 1-year XIRR of 2.64%, which is significantly below the category average of 14.1% for the same period. Over the long term, the fund's CAGR has outperformed the NIFTY 50 benchmark across all periods, with a 10-year CAGR of 4.66% versus 2.0% for the benchmark, though the absolute returns remain modest. The fund's 1-year rolling return of 3.71% also lags the category, indicating recent underperformance.

The fund exhibits a maximum drawdown of -0.23% with a duration of 154 days and has not yet recovered from this drawdown, indicating ongoing downside pressure. The Calmar ratio of 0.16 for 1 year suggests low risk-adjusted returns relative to the drawdown experienced. With a beta of 0.92 against the NIFTY 50, the fund is slightly less volatile than the market, but its downside capture of 78.99% shows it falls less than the benchmark during downturns, which is a positive risk characteristic.

The fund is highly concentrated with only 12 holdings, with the top 10 comprising over 70% of the NAV. Major positions include Piramal Finance (9.79%), Indus Towers (9.22%), and Adani Enterprises (8.79%), indicating a tilt towards financial services and telecom sectors. Sector concentration is notable with Telecom-Services at 15.2% and Finance at 9.8%, which may lead to sector-specific risks.

The fund's 1-year XIRR of 2.64% is drastically lower than the category average of 14.1%, placing it in the bottom quartile of its peers. Over longer horizons, the fund's CAGR has consistently beaten the benchmark, but the category average SIP XIRR for 3, 5, and 10 years (16.82%, 16.95%, and 16.71% respectively) far exceeds the fund's point-to-point CAGRs, suggesting the fund has underperformed its category over multiple time frames. The fund's performance has been inconsistent, with a strong 2024 (25.55%) but weak 2025 and 2026 returns.

This fund is suitable for investors with a high risk tolerance and a long-term investment horizon of at least 5-7 years, given its concentrated portfolio and sector-specific bets. It may appeal to those seeking thematic exposure to momentum and growth sectors, but investors should be prepared for significant volatility and potential underperformance relative to diversified peers. It is not recommended for conservative investors or those seeking stable, consistent returns.

• Consistent outperformance over the NIFTY 50 benchmark across all periods, with alpha ranging from 1.94% (15Y) to 12.20% (1Y).
• Lower downside capture (78.99% for 1Y) compared to the benchmark, indicating better protection during market declines.
• Strong calendar year return of 25.55% in 2024, demonstrating the fund's potential for high growth in favorable market conditions.

• Significant underperformance versus the category average, with 1-year XIRR of 2.64% versus 14.1% category average, indicating poor recent relative returns.
• High concentration risk with only 12 holdings and top sector exposure of 15.2% in telecom, which could lead to amplified losses if those sectors underperform.