Sundaram Large and Mid Cap Fund
Direct · GrowthAI Summary
Sundaram Large and Mid Cap Fund has delivered strong long-term returns, with a 10Y SIP XIRR of 16.52% and a 12Y SIP XIRR of 16.15%. Against the NIFTY 50, the fund has generated consistent alpha, including 5.50% over 10 years and 5.94% over 12 years, with lump-sum CAGRs of 15.9% and 15.39% respectively versus the benchmark's 10.79% and 9.79%. However, its 1Y SIP XIRR of 12.82% trails the category average of 16.54%, and its 3Y and 5Y XIRRs are marginally below category averages.
The fund exhibits favorable risk-adjusted behavior versus the NIFTY 50, with downside capture consistently below 100% (85.26% over 12Y, 86.85% over 10Y) and beta declining below 1 in longer windows (0.898 over 12Y). It has experienced 7 drawdown events greater than 10%, and while the maximum drawdown reading is minimal (-0.38%) with a 45-day duration, recovery took 253 days, indicating that drawdowns can take time to heal. Calmar ratios in the 0.41-0.49 range across horizons suggest reasonable return compensation per unit of drawdown.
The portfolio holds 38 stocks with a diversified top 10, where the largest position, Radico Khaitan, is only 5.09% of NAV. Sector exposure is well spread, with Finance (10.6%), Retailing (9.7%), Banks (9.5%), IT-Software (9.1%), and Electrical Equipment (8.8%) as the top five, and three financial-sector names (Shriram Finance, Five-Star Business Finance, Cholamandalam) among the top holdings. This breadth reduces single-stock and single-sector concentration risk while retaining meaningful mid-cap style exposure.
The fund's long-horizon SIP XIRRs are broadly in line with category averages — 16.52% vs 16.75% over 10Y and 16.15% vs 16.49% over 12Y — though it lags modestly over 3Y (17.48% vs 17.73%) and 5Y (17.42% vs 17.26% is slightly ahead). Calendar-year returns show strong upside years such as 49.77% in 2014, 42.76% in 2021, and 37.04% in 2017, but also weak years like -3.73% in 2013 and -1.4% in 2022. Overall, the fund has been a consistent long-term performer with a low expense ratio of 0.7% supporting net returns.
This fund suits investors seeking growth through a blend of large and mid-cap equities with a minimum horizon of 5-7 years, as its edge emerges over long periods. It is appropriate for investors with moderate-to-high risk tolerance who can tolerate drawdown events exceeding 10% and flat years like 2022 and 2025. A SIP approach aligns well with its return profile, given the strong multi-year SIP XIRRs of roughly 16-17.5%.
- Consistent alpha over the NIFTY 50 across all measured horizons, including 5.50% over 10Y and 5.94% over 12Y
- Downside capture below 90% in all windows from 7Y onward (85.26% over 12Y), indicating better-than-benchmark resilience in falling markets
- Well-diversified 38-stock portfolio with a modest top holding of 5.09% and no sector exceeding 10.6%
- 1Y SIP XIRR of 12.82% trails the category average of 16.54%, showing recent underperformance versus peers
- Seven drawdown events greater than 10% and a 253-day recovery from maximum drawdown highlight meaningful interim volatility
Generated on 06-09-2026, 8:03 PM. 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 | ₹12.86 L | 19.6% | -56.8% | 93.2% |
| 3 Years | ₹36.00 L | ₹45.63 L | 16.3% | -19.6% | 36.4% |
| 5 Years | ₹60.00 L | ₹89.71 L | 16.1% | -5.8% | 27.4% |
| 7 Years | ₹84.00 L | ₹1.48 Cr | 15.9% | 1.6% | 22.7% |
| 10 Years | ₹1.20 Cr | ₹2.80 Cr | 16.4% | 13.1% | 19.7% |
| 12 Years | ₹1.44 Cr | ₹4.02 Cr | 16.0% | 13.4% | 18.6% |
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 | 19.6% | 14.4% | 16.5% | +5.2% |
| 3 Years | 16.3% | 11.1% | 17.7% | +5.2% |
| 5 Years | 16.1% | 10.4% | 17.3% | +5.7% |
| 7 Years | 15.9% | 10.6% | 16.6% | +5.4% |
| 10 Years | 16.4% | 11.5% | 16.8% | +4.9% |
| 12 Years | 16.0% | 11.4% | 16.5% | +4.7% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.6% | 14.1% | -29.5% | 88.8% | 0.60 | 2.19 | 86% | — | — |
| 3 Years | 16.6% | 16.7% | -3.7% | 31.7% | 1.81 | 8.65 | 99% | — | — |
| 5 Years | 16.3% | 16.6% | 1.7% | 28.6% | 2.16 | 27.86 | 100% | — | — |
| 10 Years | 16.4% | 16.0% | 13.1% | 19.0% | 7.42 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +16.86 | 1.07 | 113.1% | 91.8% | 13.3% | -2.9% |
| 3 Years | +9.63 | 1.02 | 105.6% | 93.9% | 17.4% | 7.8% |
| 5 Years | +6.33 | 0.98 | 99.6% | 91.8% | 14.1% | 7.8% |
| 7 Years | +6.39 | 0.91 | 94.1% | 87.3% | 17.7% | 11.8% |
| 10 Years | +5.50 | 0.91 | 93.4% | 86.8% | 15.9% | 10.8% |
| 12 Years | +5.94 | 0.90 | 92.3% | 85.3% | 15.4% | 9.8% |
| 15 Years | +4.57 | 0.87 | 90.6% | 84.4% | 13.9% | 9.8% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Radico Khaitan Ltd | 5.04% |
| 2 | Lenskart Solutions Limited | 4.27% |
| 3 | Shriram Finance Ltd | 3.98% |
| 4 | Eternal Ltd (Previously Zomato Ltd) | 3.98% |
| 5 | Oracle Financial Services Software Ltd | 3.51% |
| 6 | Kalyan Jewellers India Ltd | 3.51% |
| 7 | MTAR Technologies Ltd | 3.29% |
| 8 | Five-Star Business Finance Ltd | 3.21% |
| 9 | Cholamandalam Investment and Finance Company Ltd | 3.16% |
| 10 | TD Power Systems Ltd | 3.06% |