Quant Small Cap Fund
Direct · GrowthAI Summary
Quant Small Cap Fund has delivered strong SIP XIRR across horizons, with 29.06% over 5Y and 25.45% over 10Y, consistently beating the category average SIP XIRR (22.89% at 5Y, 20.83% at 10Y). Against the NIFTY SmallCap 250, the fund has generated positive alpha at every horizon, including 14.52% over 7Y and 8.70% over 10Y, with lump-sum CAGR of 20.60% versus the benchmark's 13.49% over 10Y. Recent 1Y SIP XIRR of 18.06% also edges past the category's 17.78%.
The fund shows a defensive tilt with beta below 1 at all horizons (0.77 at 10Y) and downside capture consistently below upside capture, such as 80.37% upside versus 71.46% downside over 10Y. It has experienced 7 drawdown events greater than 10%, and the maximum drawdown recovery took 153 days after a prolonged 1,763-day drawdown period, reflecting the inherent volatility of small caps. Calmar ratios between 0.36 and 0.45 across horizons indicate reasonable risk-adjusted returns for the category.
The top 10 holdings account for roughly 36% of the 99-stock portfolio, led by HFCL (6.1%), RBL Bank (4.78%), and Adani Enterprises (4.36%), with notable Adani group exposure across three names (Adani Enterprises, Adani Power, Adani Green totaling about 10.5%). Sector allocation is well spread, with the top five sectors — Finance (8.4%), Banks (6.6%), Telecom Services (6.2%), Power (6.2%), and Pharma (6.2%) — each under 9%. The 99-stock universe suggests broad diversification beyond the top holdings.
The fund outperforms the category average SIP XIRR at every measured horizon, with the widest gaps at 5Y (29.06% vs 22.89%) and 10Y (25.45% vs 20.83%). Calendar year returns show high dispersion typical of small caps, ranging from 89.9% in 2021 to -23.43% in 2019 and -2.12% in 2025. Long-term alpha persistence across 1Y to 15Y windows points to durable outperformance rather than a single lucky period.
This fund suits investors with high risk tolerance and a horizon of at least 7 years, given the extended drawdown durations and year-to-year return swings inherent to small caps. It is appropriate as a satellite allocation within a diversified portfolio rather than a core holding, ideally through SIPs to smooth volatility. Investors should be comfortable with periods of underperformance, such as the negative returns in 2019 and 2025.
- Consistent alpha over the NIFTY SmallCap 250 at every horizon from 1Y to 15Y, including 14.52% over 7Y
- SIP XIRR above category averages across all horizons, with a 4.62 percentage point lead at 5Y (29.06% vs 22.89%)
- Favorable capture profile with downside capture below upside capture at all horizons, indicating loss containment in weak markets
- Concentrated Adani group exposure of roughly 10.5% across three top-10 holdings adds single-group risk
- Seven drawdown events exceeding 10% and a maximum drawdown period lasting 1,763 days highlight significant downside episodes typical of small caps
Generated on 17-10-2026, 4:56 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 | ₹12.51 L | 24.6% | -57.4% | 189.8% |
| 3 Years | ₹36.00 L | ₹43.50 L | 22.3% | -31.6% | 80.6% |
| 5 Years | ₹60.00 L | ₹1.09 Cr | 23.2% | -19.6% | 52.6% |
| 7 Years | ₹84.00 L | ₹2.27 Cr | 25.5% | -12.4% | 40.8% |
| 10 Years | ₹1.20 Cr | ₹4.59 Cr | 25.4% | 19.4% | 30.2% |
| 12 Years | ₹1.44 Cr | ₹6.27 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 | 24.6% | 21.9% | 17.8% | +2.7% |
| 3 Years | 22.3% | 15.2% | 20.2% | +7.1% |
| 5 Years | 23.2% | 14.3% | 22.9% | +9.0% |
| 7 Years | 25.5% | 14.4% | 21.8% | +11.1% |
| 10 Years | 25.4% | 14.0% | 20.8% | +11.4% |
| 12 Years | 22.7% | 13.5% | 19.2% | +9.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 23.1% | 9.0% | -44.1% | 222.8% | 0.40 | 1.81 | 81% | — | — |
| 3 Years | 21.2% | 18.4% | -16.6% | 71.6% | 0.78 | 3.37 | 89% | — | — |
| 5 Years | 21.1% | 21.8% | -9.7% | 54.6% | 0.97 | 5.53 | 94% | — | — |
| 10 Years | 19.8% | 20.3% | 15.1% | 22.8% | 7.18 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY SMALLCAP 250
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +7.59 | 0.87 | 88.5% | 80.3% | 11.1% | 3.0% |
| 3 Years | +4.95 | 0.89 | 88.5% | 83.5% | 16.6% | 12.3% |
| 5 Years | +4.87 | 0.96 | 96.0% | 90.9% | 16.6% | 12.0% |
| 7 Years | +14.65 | 0.91 | 97.4% | 86.2% | 34.8% | 21.5% |
| 10 Years | +8.77 | 0.77 | 80.5% | 71.6% | 20.6% | 13.3% |
| 12 Years | +7.68 | 0.64 | 68.3% | 58.5% | 18.8% | 13.6% |
| 15 Years | +5.61 | 0.57 | 60.3% | 51.2% | 15.9% | 13.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HFCL Limited | 6.10% |
| 2 | RBL Bank Limited | 4.78% |
| 3 | Adani Enterprises Limited | 4.36% |
| 4 | Adani Power Limited | 3.56% |
| 5 | Aegis Logistics Limited | 3.50% |
| 6 | Sona BLW Precision Forgings Limited | 3.11% |
| 7 | Anand Rathi Wealth Limited | 2.83% |
| 8 | Welspun Corp Limited | 2.76% |
| 9 | Adani Green Energy Limited | 2.61% |
| 10 | SUN TV Network Limited | 2.49% |