Quant Small Cap Fund
Direct · GrowthAI Summary
Quant Small Cap Fund has delivered strong long-term SIP XIRR of 25.41% over 10 years and 25.45% over 7 years, beating the category average SIP XIRR of 20.91% and 21.81% respectively. It has also consistently outperformed the NIFTY SMALLCAP 250 benchmark, with a 10Y fund CAGR of 20.79% versus the benchmark's 14.33% and alpha of 8.34%. Shorter-term performance is more mixed, with the 3Y XIRR of 22.49% slightly below the category average of 22.67%.
The fund shows a defensive risk profile relative to its benchmark, with beta below 1 across all periods (0.76 over 10Y) and downside capture of just 70.66% over 10 years versus upside capture of 79.07%. Seven drawdown events exceeding 10% reflect the inherent volatility of small-cap investing, though the maximum drawdown of -0.52% recovered in 153 days. Calmar ratios remain stable between 0.35 and 0.45 across horizons, indicating consistent risk-adjusted returns.
The portfolio holds 101 stocks with the top 10 accounting for roughly 35% of NAV, led by HFCL (5.44%), Adani Enterprises (4.72%), and RBL Bank (4.65%). Sector exposure is well diversified, with Finance (8.9%) and Banks (7.9%) as the largest allocations, followed by Power (6.7%). Notably, three Adani group companies appear in the top six holdings, creating a concentrated group-level exposure of over 11%.
The fund outpaces its category over longer horizons, with 10Y and 12Y SIP XIRR of 25.41% and 22.67% versus category averages of 20.91% and 19.35%. Calendar year returns show high dispersion, ranging from 89.9% in 2021 to -23.43% in 2019, which is typical of small-cap funds but demands patience. Its consistent alpha across 1Y to 15Y periods suggests genuine stock-selection skill rather than a single lucky cycle.
This fund suits investors with high risk tolerance and a horizon of at least 7 years, given the sharp calendar-year swings and small-cap volatility. It is best used as a satellite allocation within a diversified portfolio rather than a core holding. SIP investors seeking long-term wealth creation with above-category returns will find it compelling, but should be prepared for extended drawdown periods.
- Strong long-term SIP XIRR of 25.41% over 10 years, well above the category average of 20.91%
- Consistent alpha versus NIFTY SMALLCAP 250 across all periods, including 13.92% over 7 years
- Low downside capture (70.66% over 10Y) with beta below 1, offering better downside protection than the benchmark
- Concentrated Adani group exposure of over 11% across three top-six holdings creates group-specific risk
- Highly volatile calendar-year returns, from 89.9% in 2021 to -23.43% in 2019, requiring strong investor discipline
Generated on 02-09-2026, 2:51 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 | ₹12.50 L | 24.5% | -57.4% | 189.8% |
| 3 Years | ₹36.00 L | ₹43.66 L | 22.5% | -31.6% | 80.6% |
| 5 Years | ₹60.00 L | ₹1.11 Cr | 23.3% | -19.6% | 52.6% |
| 7 Years | ₹84.00 L | ₹2.27 Cr | 25.5% | -12.4% | 40.8% |
| 10 Years | ₹1.20 Cr | ₹4.58 Cr | 25.4% | 19.4% | 30.2% |
| 12 Years | ₹1.44 Cr | ₹6.25 Cr | 22.7% | 19.8% | 25.4% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY SMALLCAP 250 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 24.5% | 22.0% | 21.6% | +2.6% |
| 3 Years | 22.5% | 15.3% | 22.7% | +7.2% |
| 5 Years | 23.3% | 14.3% | 22.0% | +9.0% |
| 7 Years | 25.5% | 14.3% | 21.8% | +11.1% |
| 10 Years | 25.4% | 14.0% | 20.9% | +11.4% |
| 12 Years | 22.7% | 13.5% | 19.4% | +9.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 23.2% | 8.9% | -44.1% | 222.8% | 0.40 | 1.81 | 81% | — | — |
| 3 Years | 21.2% | 18.8% | -16.6% | 71.6% | 0.78 | 3.36 | 89% | — | — |
| 5 Years | 21.1% | 22.1% | -9.7% | 54.6% | 0.96 | 5.49 | 94% | — | — |
| 10 Years | 19.8% | 20.2% | 15.1% | 22.8% | 7.04 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY SMALLCAP 250
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +6.09 | 0.86 | 87.9% | 81.0% | 14.5% | 8.7% |
| 3 Years | +2.78 | 0.89 | 88.3% | 85.0% | 18.9% | 17.4% |
| 5 Years | +4.88 | 0.96 | 97.0% | 92.5% | 20.6% | 16.0% |
| 7 Years | +13.92 | 0.92 | 97.6% | 87.1% | 34.7% | 22.1% |
| 10 Years | +8.34 | 0.76 | 79.1% | 70.7% | 20.8% | 14.3% |
| 12 Years | +7.73 | 0.63 | 67.0% | 57.5% | 19.0% | 14.0% |
| 15 Years | +5.48 | 0.57 | 60.0% | 51.0% | 15.9% | 13.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HFCL Limited | 5.44% |
| 2 | Adani Enterprises Limited | 4.72% |
| 3 | RBL Bank Limited | 4.65% |
| 4 | Adani Power Limited | 3.72% |
| 5 | Aegis Logistics Limited | 3.39% |
| 6 | Adani Green Energy Limited | 2.95% |
| 7 | Anand Rathi Wealth Limited | 2.89% |
| 8 | Manappuram Finance Ltd | 2.80% |
| 9 | Aster DM Healthcare Limited | 2.73% |
| 10 | Piramal Finance Ltd | 2.62% |