Quant PSU Fund
Direct · GrowthAI Summary
Quant PSU Fund has significantly underperformed its category on SIP returns, with a 1Y XIRR of 1.7% versus the category average of 10.72%. However, it has beaten the NIFTY 50 across all measured periods, delivering positive lump-sum CAGRs (e.g., 1.08% over 3Y vs 0.45% for the benchmark) and consistent positive alpha ranging from 1.5% to 11.78%. The fund's 1Y rolling return mean of 0.75% indicates weak recent lump-sum performance.
The fund carries high volatility with a beta of 1.12-1.22 versus NIFTY 50, and its downside capture of 100.35% (1Y) to 115.6% (longer periods) means it falls as much or more than the benchmark in down markets. Two drawdown events exceeding 10% have occurred, with a maximum drawdown duration of 215 days and no recovery recorded yet. The negative 1Y Calmar ratio of -0.0724 reflects poor risk-adjusted returns in the current period.
The portfolio is extremely concentrated with only 11 holdings, and the top 10 each represent between 4.87% and 9.97% of NAV, led by Bharat Heavy Electricals (9.97%) and LIC (9.96%). Sector exposure is heavily skewed toward Power (28.9%), Finance (16.1%), and Electrical Equipment (10.0%), creating significant thematic concentration risk. This narrow portfolio amplifies both upside potential and downside vulnerability.
The fund trails its Sectoral/Thematic category peers substantially on SIP XIRR, with a 1Y return of 1.7% against a category average of 10.72%. Its consistent positive alpha over the NIFTY 50 across 1Y to 15Y periods shows benchmark outperformance, but this is a low bar given the benchmark's weak CAGRs. Calendar year returns of 3.53% (2024), 2.19% (2025), and -2.61% (2026) suggest modest and uneven consistency.
This fund is suitable only for aggressive investors with high risk tolerance who specifically want targeted exposure to PSU and power/infrastructure themes, and who understand sectoral funds' cyclicality. A time horizon of at least 5-7 years is advisable given the drawdown history and concentration risk. It should be treated as a satellite allocation rather than a core portfolio holding.
- Consistent positive alpha versus NIFTY 50 across all periods from 1Y to 15Y, including 11.78% alpha over 1Y
- Strong upside capture of 116.4-117.25%, indicating the fund amplifies benchmark gains in rising markets
- High expense ratio efficiency for a thematic fund at 0.83% TER in the Direct option
- Severe underperformance versus category peers, with 1Y SIP XIRR of 1.7% against a category average of 10.72%
- Extreme concentration risk with only 11 holdings and 28.9% exposure to a single Power sector
Generated on 13-10-2026, 3:08 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 | ₹11.98 L | -1.9% | -38.6% | 30.8% |
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 | -1.9% | 14.3% | 10.7% | -16.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | -2.2% | -1.1% | -22.4% | 15.6% | -0.98 | -0.70 | 46% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +10.65 | 1.08 | 112.3% | 97.1% | -2.3% | -11.4% |
| 3 Years | +0.81 | 1.20 | 114.6% | 114.4% | 0.7% | 1.0% |
| 5 Years | +1.00 | 1.20 | 114.6% | 114.4% | 0.4% | 0.6% |
| 7 Years | +1.07 | 1.20 | 114.6% | 114.4% | 0.3% | 0.4% |
| 10 Years | +1.14 | 1.20 | 114.6% | 114.4% | 0.2% | 0.3% |
| 12 Years | +1.16 | 1.20 | 114.6% | 114.4% | 0.2% | 0.3% |
| 15 Years | +1.18 | 1.20 | 114.6% | 114.4% | 0.1% | 0.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bharat Heavy Electricals Ltd | 9.97% |
| 2 | Life Insurance Corporation Of India | 9.96% |
| 3 | NHPC Ltd. | 9.81% |
| 4 | Adani Green Energy Limited | 9.77% |
| 5 | LIC Housing Finance Ltd | 9.75% |
| 6 | PTC India Limited | 9.30% |
| 7 | Container Corporation of India Ltd | 9.25% |
| 8 | Cochin Shipyard Limited | 8.15% |
| 9 | Power Finance Corporation Ltd. | 6.36% |
| 10 | Coal India Ltd | 4.87% |