Sundaram Multi Factor Fund
Direct · GrowthAI Summary
Sundaram Multi Factor Fund has delivered a 1Y SIP XIRR of -4.67%, significantly underperforming the category average SIP XIRR of 14.1%. However, on a lump-sum basis it has outperformed the NIFTY 50 across most periods, with a 1Y fund CAGR of -0.57% versus the benchmark's -2.9% and positive alpha of 1.99% over 1Y. Alpha diminishes over longer horizons, turning negative beyond 10 years, indicating limited long-term outperformance versus the benchmark.
The fund shows a maximum drawdown of -0.15% with a duration of 88 days and only one drawdown event exceeding 10%, suggesting contained recent downside. The 1Y Calmar Ratio of -0.04 reflects the negative 1Y return environment. With a beta of 0.96 and downside capture of 91.82% over 1Y (85.75% over 3Y), the fund has historically fallen less than the NIFTY 50 in declining markets.
The portfolio holds 73 stocks with a well-diversified top 10, where the largest position, HDFC Bank, is only 4.49% of NAV. Sector exposure is led by Banks (14.0%) and Finance (9.7%), followed by Electrical Equipment (8.5%) and IT-Software (5.4%), giving a financials tilt but reasonable spread across energy, telecom, and technology. The multi-factor approach appears to be working, with no single stock or sector dominating the portfolio.
The fund's 1Y SIP XIRR of -4.67% trails the category average of 14.1% by a wide margin, placing it among the weaker performers among sectoral/thematic peers in the recent period. Lump-sum performance versus the NIFTY 50 shows modest alpha over 1Y to 7Y, though alpha fades over 10Y and beyond. Calendar year returns of 5.95% in 2025 and -6.22% in 2026 indicate inconsistent year-to-year performance.
This fund suits investors with a high risk tolerance and a long time horizon of at least 5-7 years, given the negative recent SIP returns and thematic nature of the strategy. It should be treated as a satellite allocation rather than a core holding, ideally capped at a modest share of the equity portfolio. Investors seeking steady category-beating returns in the near term may want to monitor performance before committing fresh SIPs.
- Consistent outperformance versus NIFTY 50 on a lump-sum basis over 1Y to 7Y, with positive alpha of 1.99% over 1Y
- Lower downside capture of 85.75% over 3Y and beyond, cushioning losses in falling markets relative to the benchmark
- Diversified portfolio of 73 stocks with a modest top holding of 4.49% of NAV, limiting single-stock concentration risk
- 1Y SIP XIRR of -4.67% is far below the category average of 14.1%, indicating significant underperformance versus sectoral/thematic peers
- Alpha turns negative over 10Y to 15Y horizons, showing weak long-term value addition versus the benchmark
- Maximum drawdown recovery is listed as none after 88 days, and the negative 1Y Calmar Ratio of -0.04 signals poor recent risk-adjusted returns
Generated on 05-09-2026, 3:03 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 | ₹11.75 L | -4.7% | -11.3% | -0.7% |
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 | -4.7% | 14.4% | 14.1% | -19.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | -0.6% | -0.2% | -2.5% | 0.6% | -6.64 | -0.99 | 32% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +1.99 | 0.96 | 93.9% | 91.8% | -0.6% | -2.9% |
| 3 Years | +0.62 | 0.93 | 90.5% | 85.8% | -0.1% | -1.2% |
| 5 Years | +0.20 | 0.93 | 90.5% | 85.8% | -0.1% | -0.7% |
| 7 Years | +0.03 | 0.93 | 90.5% | 85.8% | -0.0% | -0.5% |
| 10 Years | -0.11 | 0.93 | 90.5% | 85.8% | -0.0% | -0.4% |
| 12 Years | -0.16 | 0.93 | 90.5% | 85.8% | -0.0% | -0.3% |
| 15 Years | -0.21 | 0.93 | 90.5% | 85.8% | -0.0% | -0.3% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Ltd | 4.49% |
| 2 | ICICI Bank Ltd | 3.91% |
| 3 | Reliance Industries Ltd | 3.41% |
| 4 | Hero MotoCorp Ltd | 2.50% |
| 5 | REC Ltd | 2.49% |
| 6 | Petronet LNG Ltd | 2.31% |
| 7 | Bharti Airtel Ltd | 2.17% |
| 8 | Oil India Ltd | 2.16% |
| 9 | Infosys Ltd | 2.12% |
| 10 | Oil & Natural Gas Corporation Ltd | 2.07% |