Sundaram Services Fund
Direct · GrowthAI Summary
Sundaram Services Fund has delivered strong SIP XIRR across horizons, with 3Y at 21.9% and 5Y at 22.24%, outperforming the category average SIP XIRR of 16.82% and 16.95% respectively. On a lump-sum basis, the fund's CAGR has beaten NIFTY 50 across all periods, with 5Y Fund CAGR of 15.56% versus the benchmark's 7.89%. Consistent positive alpha, ranging from 11.03% over 1Y to 7.76% over 5Y, indicates sustained outperformance against the benchmark.
The fund shows a favorable risk profile with a maximum drawdown of just -0.40% over 33 days, though it has experienced 4 drawdown events exceeding 10% historically. Downside capture is consistently below 100% across all periods, reaching 78.19% over 10Y, meaning the fund falls less than the benchmark in weak markets. Calmar ratios between 0.50 and 0.58 across horizons reflect reasonable risk-adjusted returns relative to drawdowns.
The portfolio holds 50 stocks with a well-diversified top 10, where the largest position Eternal Ltd accounts for only 5.61% of NAV. Sector allocation is led by Banks at 16.6% and Finance at 13.6%, meaning financials represent roughly 30% of the portfolio, followed by Telecom Services at 8.6% and Retailing at 8.2%. Holdings span consumer-facing services such as Bharti Airtel, Interglobe Aviation, and Apollo Hospitals, aligning with the fund's services theme.
The fund outperforms the category average SIP XIRR at every measured horizon, including 17.33% versus 14.1% over 1Y and 20.41% versus 16.51% over 7Y. Calendar year returns show strong consistency, with positive returns in all years from 2018 to 2026, including standout years of 46.34% in 2021 and 29.15% in 2023. This track record places the fund among the stronger performers within the sectoral/thematic category.
As a sectoral/thematic fund concentrated in service-oriented businesses, this fund is best suited for investors with higher risk tolerance who already hold diversified core equity holdings. A time horizon of at least 5 years is advisable to ride out sector-specific cycles, supported by the fund's 5Y SIP XIRR of 22.24%. Investors should cap allocation to thematic funds as a satellite portion of their portfolio given the concentrated sector exposure.
- SIP XIRR beats the category average at all horizons, including 21.9% over 3Y versus the category's 16.82%
- Consistently positive alpha versus NIFTY 50, from 11.03% over 1Y to 7.10% over 10Y
- Low downside capture (78.19% to 92.17%) limits losses in falling markets while upside capture remains near or above 100%
- Financial sector concentration of roughly 30% (Banks 16.6% plus Finance 13.6%) creates sector-specific risk
- As a sectoral/thematic fund, performance depends on the services theme and may underperform diversified funds in unfavorable cycles
- 4 drawdown events exceeding 10% indicate the fund can experience meaningful interim losses despite recent low maximum drawdown
Generated on 06-09-2026, 7:50 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 | ₹12.98 L | 22.5% | -51.7% | 97.8% |
| 3 Years | ₹36.00 L | ₹48.70 L | 23.0% | 2.5% | 45.1% |
| 5 Years | ₹60.00 L | ₹1.04 Cr | 21.5% | 9.4% | 30.0% |
| 7 Years | ₹84.00 L | ₹1.67 Cr | 19.6% | 15.0% | 22.4% |
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 | 22.5% | 14.4% | 14.1% | +8.2% |
| 3 Years | 23.0% | 11.1% | 16.8% | +11.9% |
| 5 Years | 21.5% | 10.4% | 16.9% | +11.1% |
| 7 Years | 19.6% | 10.6% | 16.5% | +9.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 21.9% | 17.2% | -23.9% | 91.2% | 0.73 | 3.72 | 93% | — | — |
| 3 Years | 22.8% | 21.9% | 13.6% | 37.4% | 3.23 | — | 100% | — | — |
| 5 Years | 22.9% | 23.1% | 14.8% | 31.9% | 4.29 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +11.03 | 1.06 | 106.2% | 92.2% | 8.2% | -2.4% |
| 3 Years | +8.97 | 0.96 | 98.5% | 86.7% | 16.8% | 7.8% |
| 5 Years | +7.76 | 0.94 | 94.8% | 84.9% | 15.6% | 7.9% |
| 7 Years | +9.32 | 0.89 | 92.7% | 82.8% | 20.6% | 11.9% |
| 10 Years | +7.10 | 0.86 | 88.8% | 78.2% | 15.1% | 8.2% |
| 12 Years | +5.66 | 0.86 | 88.8% | 78.2% | 12.4% | 6.8% |
| 15 Years | +4.26 | 0.86 | 88.8% | 78.2% | 9.8% | 5.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Eternal Ltd (Previously Zomato Ltd) | 5.94% |
| 2 | Bharti Airtel Ltd | 4.95% |
| 3 | Axis Bank Ltd | 4.61% |
| 4 | Reliance Industries Ltd | 3.92% |
| 5 | Interglobe Aviation Ltd | 3.79% |
| 6 | Adani Ports and Special Economic Zone Ltd | 3.30% |
| 7 | Rate Gain Travel Technologies Ltd | 3.03% |
| 8 | Kotak Mahindra Bank Ltd | 2.84% |
| 9 | Apollo Hospitals Enterprise Ltd | 2.78% |
| 10 | ICICI Bank Ltd | 2.72% |