Samco Flexi Cap Fund
Direct · GrowthAI Summary
Samco Flexi Cap Fund has significantly underperformed its category, with a 1Y SIP XIRR of 0.25% versus the category average of 11.75% and a 3Y SIP XIRR of -3.02% versus 16.45%. Calendar year returns have been erratic, ranging from 26.69% in 2023 to -18.02% in 2025, with 2026 also negative at -5.99%. The rolling 3Y mean of 2.44% confirms weak lump-sum performance over sustained periods.
The fund has experienced 2 drawdown events exceeding 10%, with a maximum drawdown of -30.16% that took 117 days to reach and has not yet fully recovered. Risk-adjusted returns are poor, with Calmar ratios of just 0.1253 over 1Y and 0.0855 over 3Y, indicating returns have not compensated for drawdown risk. The average drawdown of -11.12% suggests frequent meaningful declines.
The portfolio is concentrated with only 25 holdings, and the top 10 account for roughly 49% of NAV, led by Muthoot Finance at 5.89% and Bharat Electronics at 5.8%. Industrial Products is the dominant sector at 22.0%, followed by Finance at 9.2% and Pharmaceuticals at 8.4%. This concentration increases vulnerability to sector-specific downturns compared to more diversified flexi cap peers.
The fund trails its category by a wide margin across all measured periods, underperforming the category average SIP XIRR by over 11 percentage points on both 1Y and 3Y horizons. Its negative 3Y XIRR of -3.02% while the category averaged 16.45% indicates persistent relative weakness rather than a short-term dip. Investors should treat this as a bottom-quartile performer within its peer group.
This fund is suitable only for aggressive investors who can tolerate deep drawdowns of over 30% and extended recovery periods. Given the weak 3Y track record and high concentration, it should at most be a small satellite allocation rather than a core holding. A long time horizon of 7-10 years and high risk tolerance are essential, and investors should monitor whether performance improves.
- Diversified top-10 holdings spanning finance, defense, pharma, and industrials, with no single stock above 5.89% of NAV
- Strong 2023 calendar year return of 26.69% demonstrates potential for high returns in favorable markets
- Relatively moderate expense ratio of 1.0% for the direct plan
- Severe underperformance versus category, with 3Y SIP XIRR of -3.02% against a category average of 16.45%
- High portfolio concentration with only 25 holdings and 22% exposure to a single Industrial Products sector
- Maximum drawdown of -30.16% with no recorded recovery, plus weak Calmar ratios indicating poor risk-adjusted returns
Generated on 14-10-2026, 4:12 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 | ₹12.03 L | 4.3% | -45.5% | 42.5% |
| 3 Years | ₹36.00 L | ₹34.19 L | -2.8% | -12.2% | 14.0% |
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 | 4.3% | 11.7% |
| 3 Years | -2.8% | 16.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 3.7% | 1.8% | -24.6% | 34.4% | -0.17 | -0.21 | 51% | — | — |
| 3 Years | 2.5% | 2.8% | -4.4% | 11.7% | -1.18 | -0.78 | 75% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | Muthoot Finance Limited | 5.89% |
| 2 | Bharat Electronics Limited | 5.80% |
| 3 | HDFC Asset Management Company Limited | 4.95% |
| 4 | Godawari Power And Ispat limited | 4.82% |
| 5 | Alkem Laboratories Limited | 4.73% |
| 6 | Karur Vysya Bank Limited | 4.72% |
| 7 | 3M India Limited | 4.63% |
| 8 | Coromandel International Limited | 4.46% |
| 9 | AIA Engineering Limited | 4.44% |
| 10 | Polycab India Limited | 4.42% |