ReviewDirect · GrowthPrefer peers first
Sundaram Mid Cap Fund
Sundaram Mutual FundEquity Scheme - Mid Cap Fund13.8 years
The scheme aims to achieve capital appreciation by investing in mid-cap stocks. The fund defines 'midcap' as a stock whose market capitalization shall not exceed the market capitalization of the 50th stock (after sorting the securities in the descending order of market capitalization) listed with the NSE.
- NAV
- 1,508.1232
- 30 Oct 2026
- 1Y
- -4.6%
- Trailing CAGR
- Upside capture
- +89%
- Vs NIFTY MIDCAP 150 TRI
- Downside capture
- +91%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer ITI Mid Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.06% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -44.3%. Ask whether you can hold through a similar fall.
Vs category
Pass
56% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Shalav Saket · 0.9 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 23.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 44%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-4.6%
- 3Y+16.4%
- 5Y+15.1%
- 10Y+13.2%
- SI+16.9%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-6.4%
- 3Y+5.1%
- 5Y+14.1%
- 10Y+15.6%
- Since inception
- +16.9%
- Calendar-day CAGR
- Excess 1Y
- -1.9%
- Category median, same plan and option
- 3Y win rate
- +56%
- Windows beating the median
- 3Y percentile
- 88
- Vs comparable share classes
- SIP 3Y XIRR
- +5.1%
- Simulated monthly SIP
- Worst rolling 3Y
- -10.5%
- 2653 daily-ending windows
- Median rolling 3Y
- +21.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2160 daily-ending windows
Official benchmark
Date-aligned against NIFTY MIDCAP 150 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- -0.2%
- Fund minus TRI
- 3Y excess
- +2.6%
- Fund minus TRI
- Upside capture
- +89%
- Benchmark-up months
- Downside capture
- +91%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -44.3%
- Worst peak-to-trough
- Current
- -10.8%
- Below last peak
- Current spell
- 65 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 12 days
- 148 recovered episodes
- Longest recovery
- 291 days
- Trough to prior peak
8 Jan 2018 – 8 Jan 2021
Trough 23 Mar 2020 · recovered in 291 days
-44.3%
5 Aug 2015 – 1 Jul 2016
Trough 29 Feb 2016 · recovered in 123 days
-21.9%
7 Jan 2013 – 23 Dec 2013
Trough 28 Aug 2013 · recovered in 117 days
-21.2%
24 Sept 2024 – 27 Oct 2025
Trough 28 Feb 2025 · recovered in 241 days
-20.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
88
Vs category
38
Consistency
58
Risk-adjusted
60
Drawdown
0
Mean
49
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 56% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 76 holdings · top 10 are 23.3%.
- Top 5
- 12.8%
- Top 10
- 23.3%
- Largest holding
- 2.7%
- Effective holdings
- 63.4
Mahindra & Mahindra Financial Services Ltd
Financial
2.7%
Repo
Unspecified
2.7%
Kalyan Jewellers India Ltd
Consumer Discretionary
2.6%
Cummins India Ltd
Industrials
2.4%
The Federal Bank Ltd
Financial
2.4%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
30 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
ITI Mid Cap Fund
ITI Mutual Fund
- 1Y
- -1.3%
- 3Y
- +17.7%
- Vol
- 16.4%
- Max DD
- -22.7%
- Sharpe
- 0.67
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Baroda BNP Paribas Mid Cap Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +0.8%
- 3Y
- +15.3%
- Vol
- 14.5%
- Max DD
- -18.6%
- Sharpe
- 0.70
- 3Y win
- +97%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Edelweiss Mid Cap Fund
Edelweiss Mutual Fund
- 1Y
- -2.0%
- 3Y
- +19.0%
- Vol
- 17.1%
- Max DD
- -39.2%
- Sharpe
- 0.78
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
HDFC Mid Cap Fund
HDFC Mutual Fund
- 1Y
- -3.0%
- 3Y
- +15.6%
- Vol
- 15.6%
- Max DD
- -39.5%
- Sharpe
- 0.86
- 3Y win
- +76%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Tata Mid Cap Fund
Tata Mutual Fund
- 1Y
- -2.7%
- 3Y
- +13.5%
- Vol
- 16.2%
- Max DD
- -35.1%
- Sharpe
- 0.77
- 3Y win
- +71%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns