Tata Resources and Energy Fund
Direct · GrowthAI Summary
Tata Resources and Energy Fund has delivered strong SIP returns across horizons, with XIRR of 19.47% over 3Y, 22.65% over 5Y and 18.47% over 10Y, beating the category average SIP XIRR of 16.82%, 16.95% and 16.71% respectively. Against the NIFTY 50, the fund has generated positive alpha across all periods, including 13.72% over 1Y and 10.5% over 3Y, with lump-sum CAGRs of 18.36% (3Y) versus the benchmark's 7.75%. The 1Y XIRR of 14.9% is only marginally ahead of the category's 14.1%, suggesting recent outperformance has narrowed.
The fund shows 7 drawdown events greater than 10%, and its maximum drawdown took 798 days, indicating that investors have historically endured multi-year recovery periods typical of cyclical sector funds. Risk-adjusted behavior versus the NIFTY 50 is favorable, with downside capture below 100% across most windows (83.67% at 1Y, 90.06% at 7Y) while upside capture exceeds 100% in the 1Y to 5Y windows. Calmar ratios of roughly 0.54 to 0.62 across horizons reflect a reasonable return-to-drawdown trade-off for a sectoral/thematic product.
The 46-stock portfolio is spread across the resources and energy value chain, with the top 10 holdings accounting for roughly 41% of NAV and no single stock above 5.79% (UltraTech Cement). Sector concentration is meaningful: Power (18.7%), Cement (15.6%), Petroleum Products (10.8%), Ferrous Metals (10.5%) and Non-Ferrous Metals (7.0%) dominate, with exposure to cyclical names like Vedanta Aluminium, Tata Steel and Adani group companies (Adani Energy Solutions and Adani Power together at 8.49%). This is an inherently concentrated thematic bet rather than a diversified equity holding.
The fund has outperformed the category average SIP XIRR at every measured horizon, with the widest gaps at 5Y (22.65% vs 16.95%) and 7Y (21.08% vs 16.51%). Calendar year returns show strong consistency in favorable years, including 48.03% in 2021, 33.26% in 2017 and 27.98% in 2023, though 2018's -13.71% and 2022's 1.51% highlight cyclicality. Overall, it sits in the upper tier of sectoral/thematic peers over medium-to-long horizons.
This fund suits investors with high risk tolerance who want a tactical or satellite allocation to India's resources, energy and power themes, not a core portfolio holding. A horizon of at least 5 to 7 years is advisable given the long drawdown durations and commodity-cycle dependence, and SIP investing can help smooth entry points. Investors uncomfortable with periods of significant underperformance during commodity downcycles should avoid or limit exposure.
- Consistent outperformance versus category average SIP XIRR across 1Y, 3Y, 5Y, 7Y and 10Y horizons
- Strong alpha versus NIFTY 50 across all measured periods, with favorable downside capture (below 100% in most windows)
- Reasonably diversified 46-stock portfolio with no single holding above 5.79% of NAV
- High sector concentration in cyclical sectors such as Power (18.7%) and Cement (15.6%), making returns dependent on commodity and energy cycles
- Seven drawdown events greater than 10% and a maximum drawdown lasting 798 days indicate investors may face prolonged recovery periods
Generated on 06-09-2026, 7:51 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 | 20.6% | -45.8% | 112.1% |
| 3 Years | ₹36.00 L | ₹46.31 L | 19.0% | -17.7% | 52.6% |
| 5 Years | ₹60.00 L | ₹1.02 Cr | 22.1% | 9.9% | 31.8% |
| 7 Years | ₹84.00 L | ₹1.73 Cr | 21.0% | 16.0% | 26.6% |
| 10 Years | ₹1.20 Cr | ₹3.13 Cr | 18.4% | 16.6% | 19.5% |
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 | 20.6% | 14.4% | 14.1% | +6.2% |
| 3 Years | 19.0% | 11.1% | 16.8% | +8.0% |
| 5 Years | 22.1% | 10.4% | 16.9% | +11.7% |
| 7 Years | 21.0% | 10.6% | 16.5% | +10.4% |
| 10 Years | 18.4% | 11.5% | 16.7% | +7.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 20.2% | 14.7% | -23.7% | 117.2% | 0.56 | 2.12 | 81% | — | — |
| 3 Years | 18.8% | 19.8% | -6.5% | 40.1% | 1.34 | 7.40 | 97% | — | — |
| 5 Years | 20.7% | 20.0% | 12.7% | 33.8% | 2.97 | — | 100% | — | — |
| 10 Years | 18.1% | 18.2% | 16.8% | 19.6% | 16.54 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +13.72 | 0.94 | 102.6% | 83.7% | 11.3% | -2.9% |
| 3 Years | +10.50 | 1.09 | 112.9% | 100.0% | 18.4% | 7.8% |
| 5 Years | +6.06 | 1.04 | 106.0% | 98.5% | 13.9% | 7.8% |
| 7 Years | +11.28 | 0.93 | 101.3% | 90.1% | 22.7% | 11.8% |
| 10 Years | +6.30 | 0.93 | 98.0% | 90.5% | 16.8% | 10.8% |
| 12 Years | +6.41 | 0.92 | 97.3% | 88.7% | 15.9% | 9.8% |
| 15 Years | +4.90 | 0.92 | 97.3% | 88.7% | 12.5% | 7.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ULTRATECH CEMENT LTD | 5.79% |
| 2 | VEDANTA ALUMINIUM METAL LTD | 4.45% |
| 3 | ADANI ENERGY SOLUTIONS LTD | 4.38% |
| 4 | AMBUJA CEMENTS LTD | 4.34% |
| 5 | TATA STEEL LTD | 4.14% |
| 6 | ADANI POWER LTD | 4.11% |
| 7 | OIL & NATURAL GAS CO. | 3.80% |
| 8 | NTPC LTD | 3.67% |
| 9 | BHARAT PETROLEUM CORPORATION LTD | 3.35% |
| 10 | RELIANCE INDUSTRIES LTD | 3.04% |