Sundaram Large Cap Fund
Direct · GrowthAI Summary
Sundaram Large Cap Fund has consistently outperformed the NIFTY 50 across all measured periods, with lump-sum CAGRs beating the benchmark by 1.4-2.0 percentage points over 1Y, 3Y, 5Y, 7Y, and 10Y horizons. Its 3Y SIP XIRR of 13.01% is broadly in line with the category average of 14.02%, though the 5Y XIRR of 9.77% trails the category's 14.36% by a notable margin. Positive alpha at every horizon (1.07% to 3.79%) confirms genuine benchmark outperformance rather than just higher market exposure.
The fund exhibits a defensive risk profile with beta consistently below 1 (0.93-0.94) and downside capture of roughly 89-92%, meaning it falls less than the index during declines. Upside capture of about 95% means it gives up some of the index's gains, but the net effect is favorable given the positive alpha. Three drawdown events exceeding 10% and a recovery period of 136 days from maximum drawdown indicate moderate but manageable downside episodes typical of large cap equity.
The portfolio is heavily tilted toward banks, which account for 30.9% of NAV across five of the top ten holdings (ICICI Bank 7.73%, Axis Bank 6.4%, SBI 5.41%, HDFC Bank 4.76%, Kotak Mahindra Bank 4.57%). With 39 total holdings, diversification at the stock level is reasonable, but the top ten names together represent roughly 49% of NAV, creating meaningful single-stock concentration. Sectors beyond banking — automobiles (8.1%), auto components (7.3%), telecom (6.0%), and IT (5.8%) — provide only moderate counterweights.
Against category average SIP XIRR, the fund is competitive at 3Y (13.01% vs 14.02%) but clearly lags at 5Y (9.77% vs 14.36%) and 1Y (6.2% vs 7.79%), suggesting recent SIP investors have had a below-average experience. The consistent positive alpha versus NIFTY 50 across 15 years of data points to durable stock selection skill. However, trailing the category across multiple horizons indicates it sits in the middle of the large cap pack rather than at the top.
This fund suits investors seeking large cap core exposure with a defensive tilt, given its below-market beta and superior downside capture. A minimum horizon of 5-7 years is appropriate to ride out drawdowns like the 151-day maximum drawdown duration observed. Investors with moderate risk tolerance who prioritize capital protection in falling markets over maximum upside participation will find the risk-return profile appealing, though those chasing top-quartile category returns may look elsewhere.
- Consistent positive alpha versus NIFTY 50 across all horizons from 1Y (3.79%) to 15Y (0.76%), indicating sustained stock selection skill
- Defensive profile with downside capture of 89.91-92.06% versus upside capture of ~95%, cushioning losses in market declines
- Low expense ratio of 0.73% for the direct plan, keeping costs competitive within the large cap category
- SIP XIRR trails category averages across 1Y (6.2% vs 7.79%), 3Y (13.01% vs 14.02%), and 5Y (9.77% vs 14.36%) horizons
- Heavy banking concentration of 30.9% of NAV exposes the fund to sector-specific risks in financial services
Generated on 17-10-2026, 2:11 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 | ₹12.55 L | 12.5% | -21.0% | 59.7% |
| 3 Years | ₹36.00 L | ₹43.68 L | 13.1% | -1.4% | 25.9% |
| 5 Years | ₹60.00 L | ₹74.74 L | 9.9% | 5.0% | 13.8% |
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 | 12.5% | 14.3% | 7.8% | -1.8% |
| 3 Years | 13.1% | 11.0% | 14.0% | +2.1% |
| 5 Years | 9.9% | 10.4% | 14.4% | -0.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 12.9% | 8.9% | -6.8% | 59.3% | 0.50 | 1.64 | 86% | — | — |
| 3 Years | 14.3% | 14.1% | 6.1% | 21.6% | 2.37 | 378.32 | 100% | — | — |
| 5 Years | 12.2% | 11.7% | 6.5% | 18.6% | 1.84 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +4.10 | 0.93 | 95.8% | 89.9% | -6.1% | -11.4% |
| 3 Years | +1.76 | 0.94 | 94.6% | 91.9% | 7.1% | 5.3% |
| 5 Years | +2.05 | 0.94 | 94.9% | 92.0% | 6.6% | 4.4% |
| 7 Years | +2.21 | 0.94 | 94.8% | 91.4% | 11.8% | 9.8% |
| 10 Years | +1.37 | 0.94 | 94.8% | 91.4% | 8.1% | 6.7% |
| 12 Years | +1.06 | 0.94 | 94.8% | 91.4% | 6.7% | 5.6% |
| 15 Years | +0.75 | 0.94 | 94.8% | 91.4% | 5.3% | 4.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Ltd | 7.73% |
| 2 | Axis Bank Ltd | 6.40% |
| 3 | Bharti Airtel Ltd | 5.99% |
| 4 | State Bank of India | 5.41% |
| 5 | HDFC Bank Ltd | 4.76% |
| 6 | Kotak Mahindra Bank Ltd | 4.57% |
| 7 | TVS Motor Company Ltd | 3.99% |
| 8 | Craftsman Automation Ltd | 3.96% |
| 9 | Larsen & Toubro Ltd | 3.64% |
| 10 | Infosys Ltd | 3.56% |