Samco Multi Cap Fund
Direct · GrowthAI Summary
Samco Multi Cap Fund has delivered negative returns across all measured periods, with a 1Y SIP XIRR of -5.1% versus a category average of 11.44%, a gap of roughly 16.5 percentage points. Over longer horizons, the fund's lump-sum CAGR has consistently trailed the NIFTY 50, with negative alpha at every window from 1Y (-0.51%) through 15Y (-3.34%). While the fund outperformed the benchmark over 1Y (-4.37% vs -11.43%), its persistent negative alpha over 3Y and beyond indicates sustained underperformance.
The fund exhibits low beta of 0.56-0.58 against the NIFTY 50, meaning it moves at roughly half the market's amplitude, with downside capture of 55.76% over 1Y cushioning market falls. However, the Calmar Ratio of -0.3116 over 1Y reflects poor risk-adjusted returns, and the maximum drawdown duration of 467 days with no recorded recovery suggests prolonged capital impairment. Downside capture exceeding upside capture over 3Y and longer windows (60.82% vs 55.98%) indicates the fund loses more in declines than it gains in rallies.
The portfolio holds 48 stocks with a well-diversified top 10, where the largest position (National Aluminium at 4.08%) is modest and no single stock dominates. Banks form the largest sector exposure at 15.5%, followed by Pharmaceuticals (7.3%), Non-Ferrous Metals (6.7%), and Automobiles (6.7%), providing reasonable multi-sector spread. The tilt toward financials (Banks plus Finance at roughly 20.3% combined) and cyclicals like metals and autos gives the portfolio a value-cyclical character.
The fund sits well below category peers, with its 1Y SIP XIRR of -5.1% trailing the multi cap category average of 11.44% by a wide margin, and no positive XIRR data points to demonstrate competitive performance at any horizon. Calendar year returns have been negative for three consecutive years (2024: -3.58%, 2025: -7.29%, 2026 YTD: -0.33%), showing a lack of consistency. The combination of low beta and negative alpha suggests the fund has neither participated fully in market upside nor added value through stock selection.
This fund is suitable only for investors with high risk tolerance and a long time horizon of 7-10 years or more, given its prolonged drawdown history and weak return record. Investors seeking multi cap exposure may want to monitor whether the fund's low-beta, value-tilted strategy can deliver alpha before committing fresh capital. Most retail investors would be better served by established multi cap peers with demonstrated category-level returns of 14-18% over longer horizons.
- Low beta of 0.56-0.58 with 1Y downside capture of 55.76%, offering meaningful cushioning during market declines such as the benchmark's -11.43% 1Y CAGR versus the fund's -4.37%
- Diversified portfolio of 48 stocks with no single holding above 4.08% of NAV, reducing single-stock concentration risk
- Reasonably low expense ratio of 0.78% for a direct plan in the multi cap category
- Persistent negative alpha across all time windows (1Y: -0.51% to 15Y: -3.34%) and a 1Y SIP XIRR of -5.1% versus the category average of 11.44%, indicating severe underperformance versus peers
- Maximum drawdown duration of 467 days with no recorded recovery, combined with downside capture (60.82%) exceeding upside capture (55.98%) over longer windows, signaling poor risk-adjusted return delivery
Generated on 21-10-2026, 3:07 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 | ₹11.72 L | -5.2% | -24.8% | 12.8% |
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 | -5.2% | 14.3% | 11.4% | -19.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | -6.3% | -6.1% | -13.1% | -0.3% | -3.96 | -0.97 | 0% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -0.51 | 0.58 | 59.7% | 55.8% | -4.4% | -11.4% |
| 3 Years | -5.28 | 0.56 | 56.0% | 60.8% | -3.5% | -1.8% |
| 5 Years | -4.32 | 0.56 | 56.0% | 60.8% | -2.1% | -1.1% |
| 7 Years | -3.91 | 0.56 | 56.0% | 60.8% | -1.5% | -0.8% |
| 10 Years | -3.59 | 0.56 | 56.0% | 60.8% | -1.1% | -0.6% |
| 12 Years | -3.47 | 0.56 | 56.0% | 60.8% | -0.9% | -0.5% |
| 15 Years | -3.34 | 0.56 | 56.0% | 60.8% | -0.7% | -0.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | National Aluminium Company Limited | 4.08% |
| 2 | Tata Consultancy Services Limited | 4.02% |
| 3 | Dr. Reddy's Laboratories Limited | 3.99% |
| 4 | Eicher Motors Limited | 3.71% |
| 5 | Indian Bank | 1.80% |
| 6 | Vedanta Limited | 1.77% |
| 7 | The Federal Bank Limited | 1.68% |
| 8 | Axis Bank Limited | 1.58% |
| 9 | Bank of India | 1.56% |
| 10 | L&T Finance Limited | 1.54% |