Samco Large and Mid Cap Fund
Direct · GrowthAI Summary
Samco Large and Mid Cap Fund has delivered a 1Y SIP XIRR of -3.93%, dramatically underperforming the category average SIP XIRR of 16.54%. Its lump-sum CAGR of -5.5% over 1Y also trails the NIFTY 50's -2.9%, with negative alpha of -6.87% across all measured periods. Calendar year returns have been negative in both 2025 (-8.73%) and 2026 (-2.67%), indicating persistent underperformance rather than a short-term dip.
The fund's Calmar Ratio of -0.53 over 1Y reflects poor risk-adjusted returns, with one drawdown event exceeding 10% that has lasted 262 days with no recovery yet. Its low beta of 0.55 against the NIFTY 50 suggests reduced market sensitivity, but the downside capture of 59.83% versus upside capture of 54.26% means it loses more in declines than it gains in rallies. This asymmetric capture profile is unfavorable for risk-conscious investors.
The fund holds 36 stocks with a top-10 concentration of roughly 43% of NAV, led by HDFC Bank at 7.3% and Max Financial Services at 5.96%. Financial sector exposure is significant, with Banks (15.7%), Finance (12.7%), and Insurance (6.2%) together accounting for about 34.6% of the portfolio. Holdings like Yes Bank and Sammaan Capital indicate a tilt toward higher-risk financial names, while metals exposure via Vedanta and National Aluminium adds commodity cyclicality.
The fund sits at the bottom of its category, with a 1Y SIP XIRR of -3.93% versus the category average of 16.54% — a gap of over 20 percentage points. Negative alpha across every benchmark window from 1Y to 15Y confirms consistent underperformance against the NIFTY 50, not just against peers. With no positive calendar year returns in the last two years, there is little evidence of a turnaround in relative performance.
This fund is not suitable for conservative investors or those with a horizon under 5-7 years, given its ongoing drawdown and weak risk-adjusted returns. Only investors with high risk tolerance and a long time horizon who believe in a potential strategy revival should consider it, and even then only as a small satellite allocation. Most investors seeking large and mid cap exposure would be better served by category peers with demonstrated 16-17% SIP XIRR averages.
- Low beta of 0.55 provides lower market sensitivity than the NIFTY 50, reducing overall portfolio volatility
- Diversified portfolio of 36 holdings with no single stock above 7.3% of NAV
- Competitive expense ratio of 0.79% for a direct large and mid cap fund
- Severe underperformance with 1Y SIP XIRR of -3.93% versus category average of 16.54%, and negative alpha across all time periods
- Unfavorable capture asymmetry — upside capture of 54.26% is lower than downside capture of 59.83%, meaning the fund participates less in gains than in losses
- Ongoing maximum drawdown of 262 days with no recovery, plus heavy financial sector concentration of roughly 34.6% including higher-risk names like Yes Bank
Generated on 05-09-2026, 3:04 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 | ₹11.78 L | -3.9% | -11.1% | 4.6% |
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 | -3.9% | 14.4% | 16.5% | -18.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | -7.9% | -8.6% | -11.5% | -4.0% | -6.51 | -0.99 | 0% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -6.87 | 0.55 | 54.3% | 59.8% | -5.5% | -2.9% |
| 3 Years | -5.50 | 0.55 | 51.4% | 61.0% | -3.6% | -1.8% |
| 5 Years | -4.49 | 0.55 | 51.4% | 61.0% | -2.2% | -1.1% |
| 7 Years | -4.06 | 0.55 | 51.4% | 61.0% | -1.6% | -0.8% |
| 10 Years | -3.72 | 0.55 | 51.4% | 61.0% | -1.1% | -0.6% |
| 12 Years | -3.60 | 0.55 | 51.4% | 61.0% | -0.9% | -0.5% |
| 15 Years | -3.47 | 0.55 | 51.4% | 61.0% | -0.7% | -0.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Limited | 7.30% |
| 2 | Max Financial Services Limited | 5.96% |
| 3 | Aditya Birla Capital Limited | 5.26% |
| 4 | Sammaan Capital Limited | 4.54% |
| 5 | Maruti Suzuki India Limited | 4.46% |
| 6 | Zydus Lifesciences Limited | 4.35% |
| 7 | Vedanta Limited | 3.08% |
| 8 | Yes Bank Limited | 3.07% |
| 9 | Exide Industries Limited | 2.97% |
| 10 | National Aluminium Company Limited | 2.05% |