AIF · Equity · CAT III - LONG ONLY - MULTI CAP & FLEXI CAP
First Water Capital Fund - II
IRRSince inception19.50%
1Y return6.96%
3Y return18.80%
Fund age3 yrs
Fund Manager
Growth of₹Cr
First Water Capital Fund II
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
First Water Capital Fund II8.57%6.96%1.70%18.80%—19.50%
Nifty 500−1.07%5.48%0.30%16.90%—18.80%
Excess over benchmark9.64%1.48%1.40%1.90%—0.70%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Jul 2026.
Risk : What you take on to earn the return
Volatility
18.54%
A standard deviation reflecting historical swings.
Risk-reward
0.73
Sharpe
Excess return gained per unit of volatility.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −19.34% from its 29 Sep 2024 peak to a 31 Mar 2026 trough, and recovered on 31 Jul 2026 after 122 days.
Max drawdowns
−19.34%
Recovery period
122 days
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme29 Sep 202431 Mar 2026−19.34%548 days31 Jul 2026122 days
Benchmark30 Aug 202428 Feb 2025−18.59%182 days––
Scheme
Peak29 Sep 2024
Trough31 Mar 2026
Depth−19.34%
Fell over548 days
Recovered31 Jul 2026
Recovery took122 days
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−18.59%
Fell over182 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Jul 2026
Portfolio Details : Where the money actually sits
Stocks
37
P/E ratio
12.80
P/B ratio
1.10
Asset class
Equity
Market cap
Large cap1.00%
Mid cap5.00%
Small cap89.00%
Cash & others5.00%
As on 31 Jul 2026
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