MANDATE FIRST
LONG-HORIZON FUND LENS
Eight funds. Different mandates. One long horizon.
A transparent, dated comparison of returns, consistency, downside and portfolios—built for 10–30 year conversations, not a short-term leaderboard.
Research snapshot · 4 August 2026Direct Plan – Growth
Compare within a mandate before comparing across mandates. Risk capacity and portfolio role come before return.
READ THIS FIRST
The useful answer is a trade-off, not a trophy.
SELECTED FLEXI CAP PEERS
Near-term lead versus rolling resilience.
HDFC Flexi Cap leads the 3Y and 5Y trailing snapshot; Parag Parikh shows the stronger 5Y rolling downside floor and benchmark-beat record.SELECTED MID CAP PEERS
More return came with more movement.
Motilal Midcap leads the 5Y and 7Y trailing snapshot; HDFC Mid Cap has lower 3Y volatility and a slightly better worst 5Y rolling outcome.PATH MATTERS
The widest reward also carried the deepest fall.
Nippon Small Cap shows 21.9% 10Y trailing CAGR in this snapshot and a −48.6% maximum drawdown. Both numbers belong in the decision.INTERACTIVE COMPARISON
Change the mandate. Keep the yardstick honest.
Every chart has a full table directly below it. “Unavailable” means the history or official benchmark series did not exist for that calculation—not zero.
ShowingAll funds· 8 funds
POINT-IN-TIME RETURN
Trailing CAGR
The annualized return ending 4 August 2026. Use this as one dated lens, then check whether rolling periods tell the same story.Read values as a table
| Fund | Mandate | Fund CAGR | Benchmark | Excess |
|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | Flexi Cap | 17.77% | 13.81% | +3.96% |
| HDFC Mid Cap Fund | Mid Cap | 18.34% | 18.02% | +0.32% |
| Motilal Oswal Midcap Fund | Mid Cap | 17.89% | 18.02% | -0.13% |
| SBI Contra Fund | Contra | 16.20% | Unavailable | Unavailable |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | Index - Momentum | Unavailable | Unavailable | Unavailable |
| Nippon India Small Cap Fund | Small Cap | 21.85% | 15.48% | +6.37% |
| Nippon India Multi Cap Fund | Multi Cap | 16.38% | 14.92% | +1.47% |
| HDFC Flexi Cap Fund | Flexi Cap | 16.71% | 13.81% | +2.91% |
10-year CAGR ending 4 August 2026. Benchmark and excess returns use each scheme's stated TRI where captured.
REPEATABLE EXPERIENCE
Rolling-return consistency
Monthly-start rolling periods reduce the luck of one start date. Median shows the middle experience; the 25th percentile and worst period show stress.Read values as a table
| Fund | Median | 25th percentile | Worst | Positive periods | Beat benchmark | Beat selected-peer median | Observations |
|---|---|---|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | 19.24% | 16.12% | 5.82% | 100.0% | 100.0% | 79.0% | 100 |
| HDFC Mid Cap Fund | 18.97% | 13.18% | 2.15% | 100.0% | 63.5% | 29.7% | 104 |
| Motilal Oswal Midcap Fund | 16.90% | 12.56% | 0.99% | 100.0% | 69.2% | 70.3% | 91 |
| SBI Contra Fund | 15.84% | 13.51% | -2.82% | 98.1% | Unavailable | Unavailable | 104 |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 0 |
| Nippon India Small Cap Fund | 23.39% | 17.21% | 3.52% | 100.0% | 100.0% | Unavailable | 104 |
| Nippon India Multi Cap Fund | 16.63% | 12.32% | -2.31% | 98.1% | 56.7% | Unavailable | 104 |
| HDFC Flexi Cap Fund | 16.40% | 13.12% | 0.28% | 100.0% | 69.2% | 21.0% | 104 |
5-year rolling CAGR sampled monthly. Selected-peer median beat applies only to the two Flexi Cap and two Mid Cap funds in this set.
MONTHLY INVESTOR EXPERIENCE
Rolling SIP outcomes
Annualized XIRR for equal monthly investments across many start dates. The downside range matters as much as the median.Read values as a table
| Fund | Median XIRR | 25th percentile | Worst | Positive periods | Observations |
|---|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | 20.26% | 19.02% | 17.35% | 100.0% | 40 |
| HDFC Mid Cap Fund | 20.90% | 19.91% | 17.31% | 100.0% | 44 |
| Motilal Oswal Midcap Fund | 22.91% | 21.26% | 17.47% | 100.0% | 31 |
| SBI Contra Fund | 20.05% | 18.35% | 16.69% | 100.0% | 44 |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | Unavailable | Unavailable | Unavailable | Unavailable | 0 |
| Nippon India Small Cap Fund | 24.59% | 23.26% | 19.65% | 100.0% | 44 |
| Nippon India Multi Cap Fund | 18.84% | 17.94% | 14.66% | 100.0% | 44 |
| HDFC Flexi Cap Fund | 18.86% | 17.09% | 15.14% | 100.0% | 44 |
10-year monthly rolling SIP XIRR. Short histories remain unavailable.
RETURN PER UNIT OF MOVEMENT
Risk versus return
The latest 3Y annualized return plotted against 3Y daily volatility. Sortino adds downside-aware context in the table.Read values as a table
| Fund | Benchmark | 3Y CAGR | 3Y volatility | 3Y Sortino | 3Y beta | Information ratio | Downside capture |
|---|---|---|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | NIFTY 500 TRI | 15.19% | 9.89% | 2.22 | 0.61 | 0.20 | 45.1% |
| HDFC Mid Cap Fund | NIFTY MIDCAP 150 TRI | 20.50% | 15.06% | 1.86 | 0.85 | 0.20 | 80.9% |
| Motilal Oswal Midcap Fund | NIFTY MIDCAP 150 TRI | 20.39% | 17.80% | 1.69 | 0.90 | 0.14 | 79.5% |
| SBI Contra Fund | BSE 500 TRI | 13.57% | 12.56% | 1.49 | Unavailable | Unavailable | Unavailable |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | NIFTY 200 MOMENTUM 30 TRI | 12.65% | 19.62% | 1.00 | 1.00 | -1.89 | 100.7% |
| Nippon India Small Cap Fund | NIFTY SMALLCAP 250 TRI | 17.46% | 16.62% | 1.46 | 0.85 | -0.18 | 75.5% |
| Nippon India Multi Cap Fund | NIFTY 500 MULTICAP 50:25:25 TRI | 16.18% | 14.49% | 1.56 | 0.93 | 0.30 | 94.0% |
| HDFC Flexi Cap Fund | NIFTY 500 TRI | 17.96% | 12.00% | 2.13 | 0.80 | 0.88 | 98.7% |
FULL-HISTORY STRESS
Drawdown and recovery
The deepest decline in each available Direct-plan history. Recovery is measured only after the prior peak is regained.Read values as a table
| Fund | Max drawdown | Peak | Trough | Recovered | Days trough → recovery | Peak → recovery days | Worst 1Y | Worst 3Y | Worst 5Y |
|---|---|---|---|---|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | -31.20% | 13 Feb 2020 | 24 Mar 2020 | 7 Jul 2020 | 105 | 145 | -15.05% | 3.11% | 5.82% |
| HDFC Mid Cap Fund | -39.51% | 8 Jan 2018 | 23 Mar 2020 | 20 Nov 2020 | 242 | 1,047 | -30.22% | -6.96% | 2.15% |
| Motilal Oswal Midcap Fund | -37.23% | 20 Feb 2020 | 23 Mar 2020 | 16 Dec 2020 | 268 | 300 | -23.32% | -6.24% | 0.99% |
| SBI Contra Fund | -44.74% | 23 Jan 2018 | 23 Mar 2020 | 2 Dec 2020 | 254 | 1,044 | -31.51% | -8.33% | -2.82% |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | -31.65% | 27 Sept 2024 | 7 Apr 2025 | Unavailable | Unavailable | Unavailable | -20.45% | 11.38% | Unavailable |
| Nippon India Small Cap Fund | -48.58% | 15 Jan 2018 | 24 Mar 2020 | 14 Dec 2020 | 265 | 1,064 | -31.93% | -6.70% | 3.52% |
| Nippon India Multi Cap Fund | -42.75% | 27 May 2019 | 23 Mar 2020 | 12 Jan 2021 | 295 | 596 | -34.63% | -6.45% | -2.31% |
| HDFC Flexi Cap Fund | -41.84% | 4 Jul 2019 | 23 Mar 2020 | 9 Dec 2020 | 261 | 524 | -32.44% | -4.85% | 0.28% |
WHAT YOU ACTUALLY OWN
Portfolio structure changes the meaning of the return.
Concentration, cash, market-cap mix, turnover, cost and manager context are current snapshots. Check each fund’s portfolio date before comparing.
CONCENTRATION AND LIQUIDITY
Portfolio characteristics
Top-ten concentration and cash can reveal very different construction choices even inside one category.Read values as a table
| Fund | Portfolio date | Style | Top 10 | Cash | Large cap | Mid cap | Small cap | Top sector | Top sector weight | Equity turnover | Expense ratio | AUM | Managers | Primary manager since |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | 30 Jun 2026 | Active | 51.82% | 14.46% | Unavailable | Unavailable | Unavailable | Banks | 21.24% | 0.17 | 0.53% | ₹1,43,388 cr | Rajeev Thakkar; Raunak Onkar; Raj Mehta; Rukun Tarachandani | 24 May 2013 |
| HDFC Mid Cap Fund | 31 May 2026 | Active | 33.29% | 7.52% | 8.6% | 64.7% | 19.1% | Financial Services | 26.60% | 0.05 | 0.75% | ₹1,05,143 cr | Chirag Setalvad; Dhruv Muchhal (overseas) | 25 Jun 2007 |
| Motilal Oswal Midcap Fund | 30 Jun 2026 | Active | 53.32% | 2.90% | 26.3% | 69.4% | 1.5% | Other Consumer Services | 13.90% | 0.95 | 0.76% | ₹37,474 cr | Ajay Khandelwal; Ankit Agarwal; Varun Sharma; Rakesh Shetty (debt); Swapnil Mayekar (foreign) | 1 Oct 2024 |
| SBI Contra Fund | 31 May 2026 | Active | 33.44% | 3.66% | 48.0% | 23.1% | 12.3% | Financial Services | 24.64% | 0.07 | 0.59% | ₹47,263 cr | Dinesh Balachandran | 1 May 2018 |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | 30 Jun 2026 | Passive | 49.22% | 1.42% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1.62 | 0.31% | ₹972 cr | Swapnil Mayekar; Rakesh Shetty (debt); Dishant Mehta | 10 Feb 2022 |
| Nippon India Small Cap Fund | 30 Jun 2026 | Active | 14.36% | 3.10% | Unavailable | Unavailable | Unavailable | Electrical Equipment | 9.17% | 0.21 | 0.73% | ₹78,407 cr | Samir Rachh | 1 Jan 2017 |
| Nippon India Multi Cap Fund | 30 Jun 2026 | Active | 31.57% | 0.61% | Unavailable | Unavailable | Unavailable | Banks | 18.36% | 0.31 | 0.83% | ₹54,585 cr | Sailesh Raj Bhan | 28 Mar 2005 |
| HDFC Flexi Cap Fund | 31 May 2026 | Active | 45.87% | 4.56% | 75.4% | 10.1% | 9.4% | Banks | 30.49% | 0.09 | 0.74% | ₹1,10,736 cr | Amit Ganatra; Dhruv Muchhal (overseas) | 1 Feb 2026 |
Market-cap buckets and historical drift are shown only where captured in official AMC disclosures; unavailable fields are not estimated.
LOWER-BOUND DUPLICATION
Top-ten portfolio overlap
Each cell sums the smaller disclosed weight for securities shared by both funds’ top ten. This is a lower bound, not full-portfolio overlap.Parag Parikh FlexiHDFC Mid CapMotilal MidcapSBI ContraMotilal Momentum 30Nippon Small CapNippon Multi CapHDFC Flexi Cap
Parag Parikh Flexi—0%0%12.4%0%2.0%12.5%15.4%
HDFC Mid Cap0%—0%0%2.7%0%1.9%0%
Motilal Midcap0%0%—0%7.4%0%0%0%
SBI Contra12.4%0%0%—2.3%2.0%9.8%12.4%
Motilal Momentum 300%2.7%7.4%2.3%—0%3.9%0%
Nippon Small Cap2.0%0%0%2.0%0%—2.0%3.3%
Nippon Multi Cap12.5%1.9%0%9.8%3.9%2.0%—18.0%
HDFC Flexi Cap15.4%0%0%12.4%0%3.3%18.0%—
Read values as a table
| Fund 1 | Fund 2 | Weighted top-10 overlap | Common holdings | Shared securities |
|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | HDFC Mid Cap Fund | 0.00% | 0 | None in the disclosed top ten |
| Parag Parikh Flexi Cap Fund | Motilal Oswal Midcap Fund | 0.00% | 0 | None in the disclosed top ten |
| Parag Parikh Flexi Cap Fund | SBI Contra Fund | 12.38% | 3 | HDFC Bank, ICICI Bank, Kotak Mahindra Bank |
| Parag Parikh Flexi Cap Fund | Motilal Oswal Nifty 200 Momentum 30 Index Fund | 0.00% | 0 | None in the disclosed top ten |
| Parag Parikh Flexi Cap Fund | Nippon India Small Cap Fund | 2.03% | 1 | HDFC Bank |
| Parag Parikh Flexi Cap Fund | Nippon India Multi Cap Fund | 12.46% | 2 | HDFC Bank, ICICI Bank |
| Parag Parikh Flexi Cap Fund | HDFC Flexi Cap Fund | 15.43% | 3 | HDFC Bank, ICICI Bank, Kotak Mahindra Bank |
| HDFC Mid Cap Fund | Motilal Oswal Midcap Fund | 0.00% | 0 | None in the disclosed top ten |
| HDFC Mid Cap Fund | SBI Contra Fund | 0.00% | 0 | None in the disclosed top ten |
| HDFC Mid Cap Fund | Motilal Oswal Nifty 200 Momentum 30 Index Fund | 2.72% | 1 | Cummins India |
| HDFC Mid Cap Fund | Nippon India Small Cap Fund | 0.00% | 0 | None in the disclosed top ten |
| HDFC Mid Cap Fund | Nippon India Multi Cap Fund | 1.93% | 1 | Max Financial Services |
| HDFC Mid Cap Fund | HDFC Flexi Cap Fund | 0.00% | 0 | None in the disclosed top ten |
| Motilal Oswal Midcap Fund | SBI Contra Fund | 0.00% | 0 | None in the disclosed top ten |
| Motilal Oswal Midcap Fund | Motilal Oswal Nifty 200 Momentum 30 Index Fund | 7.39% | 2 | Bse, Shriram Finance |
| Motilal Oswal Midcap Fund | Nippon India Small Cap Fund | 0.00% | 0 | None in the disclosed top ten |
| Motilal Oswal Midcap Fund | Nippon India Multi Cap Fund | 0.00% | 0 | None in the disclosed top ten |
| Motilal Oswal Midcap Fund | HDFC Flexi Cap Fund | 0.00% | 0 | None in the disclosed top ten |
| SBI Contra Fund | Motilal Oswal Nifty 200 Momentum 30 Index Fund | 2.29% | 1 | Tata Steel |
| SBI Contra Fund | Nippon India Small Cap Fund | 2.03% | 1 | HDFC Bank |
| SBI Contra Fund | Nippon India Multi Cap Fund | 9.78% | 2 | HDFC Bank, ICICI Bank |
| SBI Contra Fund | HDFC Flexi Cap Fund | 12.38% | 3 | HDFC Bank, ICICI Bank, Kotak Mahindra Bank |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | Nippon India Small Cap Fund | 0.00% | 0 | None in the disclosed top ten |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | Nippon India Multi Cap Fund | 3.91% | 2 | Ge Vernova T&D India, Ntpc |
| Motilal Oswal Nifty 200 Momentum 30 Index Fund | HDFC Flexi Cap Fund | 0.00% | 0 | None in the disclosed top ten |
| Nippon India Small Cap Fund | Nippon India Multi Cap Fund | 2.03% | 1 | HDFC Bank |
| Nippon India Small Cap Fund | HDFC Flexi Cap Fund | 3.34% | 2 | HDFC Bank, State Bank of India |
| Nippon India Multi Cap Fund | HDFC Flexi Cap Fund | 18.03% | 4 | Axis Bank, HDFC Bank, ICICI Bank, Larsen & Toubro |
METHOD, SOURCES, LIMITS
Enough detail to challenge the chart.
Returns use the common latest NAV date. Trailing returns use the latest NAV on or before each exact anniversary; rolling returns and SIP XIRR use month-end observations.
Performance sources
AMFI current NAV cross-check and persisted MFAPI history.
Official NSE Indices TRI history; official BSE 500 TRI unavailable.
Portfolio sources
Official AMC factsheets and monthly portfolio disclosures.
Dates range from 31 May to 30 June 2026 and stay visible fund by fund.
Read the gaps
- Direct-plan history starts in 2013 for most active funds, so 15-year and 20-year trailing returns are unavailable.
- Motilal Oswal Nifty 200 Momentum 30 Index Fund has history only from February 2022, so longer trailing, rolling and SIP horizons are unavailable.
- Portfolio dates differ by AMC disclosure cycle; each fund shows its own portfolio date.
- Official BSE 500 TRI history was unavailable for this capture, so SBI Contra benchmark-relative fields are unavailable rather than replaced with the BSE 500 price index.
- Top-ten overlap is a lower-bound measure based only on each fund's ten largest disclosed holdings.
Research, not a recommendation.
Historical research only. Past performance does not predict future returns and this is not personal investment, tax or suitability advice.