Samco Large and Mid Cap Fund
Direct · GrowthAI Summary
Samco Large and Mid Cap Fund has underperformed significantly, with a 1Y SIP XIRR of -4.45% versus the category average of 11.09%, a gap of roughly 15.5 percentage points. Against the NIFTY 50, the fund posted a 1Y CAGR of -7.65% but still trailed the benchmark's -9.19% on a lump-sum basis, though its negative alpha of -5.97% indicates weak risk-adjusted performance. Calendar year returns have been negative two years running, at -8.73% in 2025 and -7.06% in 2026.
The fund's beta of roughly 0.52 against the NIFTY 50 suggests it takes less than half the benchmark's market risk, and its downside capture of 56.65% (1Y) is slightly better than its upside capture of 53.89%, indicating mild defensive characteristics. However, the Calmar ratio of -0.43 over 1Y reflects poor risk-adjusted returns, and the fund has experienced one drawdown event exceeding 10% with a prolonged 465-day drawdown duration and no recorded recovery. Persistent negative alpha across all measured windows (from -5.97% at 1Y to -3.96% at 12Y) confirms consistent underperformance after adjusting for market exposure.
The portfolio is concentrated in financials, with Banks (15.7%) and Finance (12.7%) together accounting for over 28% of assets, led by HDFC Bank at 7.3% and Max Financial Services at 5.96%. With only 36 total holdings and the top 10 positions comprising roughly 43% of NAV, the fund runs a fairly concentrated book, including exposure to higher-risk names like Yes Bank and Sammaan Capital. Automobiles (7.1%), Insurance (6.2%), and Pharma (6.0%) provide some sector diversification beyond financials.
The fund sits at the bottom of its category, with a 1Y SIP XIRR of -4.45% versus a category average of 11.09%, and no category comparison data is available for longer horizons to assess consistency. Its negative alpha across every rolling window from 1Y to 15Y suggests underperformance is structural rather than a short-term anomaly. The unusually low beta of 0.52 for a large and mid cap fund also implies a very different risk profile from typical category peers.
This fund is suitable only for aggressive investors with a long time horizon of at least 5-7 years who can tolerate extended drawdown periods, given the 465-day drawdown duration and consecutive negative calendar years. Investors seeking category-typical large and mid cap returns should consider alternatives, as the fund has delivered negative SIP XIRR while peers averaged 11.09% over 1Y. Those who do invest should monitor whether the persistent negative alpha and concentrated financial-sector positioning improve over time.
- Low beta of 0.52 with downside capture (56.65%) below 100%, offering meaningful cushioning versus the NIFTY 50 in falling markets
- Outperformed the NIFTY 50 on a lump-sum basis over 1Y (-7.65% vs -9.19%)
- Competitive expense ratio of 0.79% in the direct plan
- Severe underperformance versus category peers, with a 1Y SIP XIRR of -4.45% against a category average of 11.09%
- Persistent negative alpha across all time windows (1Y to 15Y), indicating structural underperformance after adjusting for market risk
- Concentrated portfolio of only 36 stocks with heavy financial-sector exposure (Banks 15.7% plus Finance 12.7%) and holdings in higher-risk names like Yes Bank and Sammaan Capital
Generated on 20-10-2026, 3:11 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 | ₹11.76 L | -4.3% | -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 | -4.3% | 14.3% | 11.1% | -18.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | -6.7% | -6.2% | -11.5% | -2.3% | -6.13 | -0.99 | 0% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -5.97 | 0.52 | 53.9% | 56.6% | -7.7% | -9.2% |
| 3 Years | -6.38 | 0.52 | 47.5% | 58.2% | -5.0% | -3.4% |
| 5 Years | -5.11 | 0.52 | 47.5% | 58.2% | -3.1% | -2.1% |
| 7 Years | -4.54 | 0.52 | 47.5% | 58.2% | -2.2% | -1.5% |
| 10 Years | -4.13 | 0.52 | 47.5% | 58.2% | -1.5% | -1.0% |
| 12 Years | -3.96 | 0.52 | 47.5% | 58.2% | -1.3% | -0.9% |
| 15 Years | -3.79 | 0.52 | 47.5% | 58.2% | -1.0% | -0.7% |
| # | 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% |