Samco Active Momentum Fund
Direct · GrowthAI Summary
Samco Active Momentum Fund has delivered a 1Y SIP XIRR of 7.84% and a 3Y SIP XIRR of 9.18%, both well below the thematic category averages of 11.71% and 16.41% respectively. Lump-sum performance shows more dispersion: the 3Y rolling return mean of 15.15% is solid, though the 1Y rolling mean of just 3.62% indicates weak recent lump-sum outcomes. Calendar year returns have been volatile, ranging from 27.43% in 2024 to -14.99% in 2025.
The maximum drawdown of -0.25% appears unusually shallow, but its 462-day duration and 168-day recovery suggest prolonged periods of stagnation rather than sharp crashes. The Calmar ratio of 0.36 (1Y) and 0.61 (3Y) indicates modest risk-adjusted returns relative to the drawdown experienced. With two drawdown events exceeding 10%, investors should expect meaningful interim volatility typical of momentum strategies.
The fund holds 48 stocks with a momentum-driven tilt toward financials, as Finance (16.6%) and Banks (13.2%) together account for nearly 30% of the portfolio. Top positions Religare Enterprises (6.17%) and Aditya Birla Capital (5.81%) represent meaningful single-stock concentration, though the remaining holdings are well spread with positions mostly under 2.5%. Exposure spans capital markets, insurance, automobiles, and pharmaceuticals, reflecting a broad momentum screen.
The fund trails its thematic category peers meaningfully on SIP XIRR across both 1Y (7.84% vs 11.71%) and 3Y (9.18% vs 16.41%) horizons. Performance consistency is a concern, with a -14.99% calendar year return in 2025 sandwiched between strong 2023 and 2024 years. The gap versus category averages suggests the momentum strategy has not yet translated into competitive peer-relative returns.
This fund suits aggressive investors with a high risk tolerance who want tactical momentum exposure as a satellite holding, not a core portfolio position. A time horizon of at least 5 years is advisable given the volatility and prolonged drawdown durations observed. Investors should be comfortable with year-to-year swings of 15-27% and underperformance versus category peers in recent periods.
- Low expense ratio of 0.92% for an actively managed thematic fund in Direct plan
- Diversified 48-stock portfolio with no single holding above 6.2% outside the top two positions
- Strong calendar year returns in 2023 (22.36%) and 2024 (27.43%) demonstrating momentum capture capability
- SIP XIRR significantly lags category averages — 9.18% vs 16.41% over 3Y and 7.84% vs 11.71% over 1Y
- High volatility with a -14.99% calendar year return in 2025 and a max drawdown lasting 462 days
Generated on 22-10-2026, 3:03 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 | ₹12.16 L | 10.1% | -23.3% | 60.3% |
| 3 Years | ₹36.00 L | ₹40.78 L | 8.8% | 3.7% | 13.4% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 10.1% | 11.7% |
| 3 Years | 8.8% | 16.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 9.1% | 4.0% | -18.7% | 53.8% | 0.13 | 0.27 | 60% | — | — |
| 3 Years | 15.2% | 15.3% | 13.1% | 16.9% | 9.68 | — | 100% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | Religare Enterprises Limited | 6.17% |
| 2 | Aditya Birla Capital Limited | 5.81% |
| 3 | Multi Commodity Exchange of India Limited | 2.46% |
| 4 | Indian Bank | 2.04% |
| 5 | AU Small Finance Bank Limited | 2.00% |
| 6 | Eicher Motors Limited | 1.88% |
| 7 | RBL Bank Limited | 1.72% |
| 8 | Max Financial Services Limited | 1.69% |
| 9 | Laurus Labs Limited | 1.68% |
| 10 | MTAR Technologies Limited | 1.65% |