Incred-Small & MidCap PMS PMS: Returns, Portfolio & Fees

PMS · Equity · Mid & Small Cap

Incred-Small & MidCap PMS

Fund size₹121 Cr

Alpha (3Y)−1.94%

3Y return10.81%

Fund age5 yrs

Fund Manager

Aditya Sood

Fund Manager, InCred

Aditya in his career of over 17 years has had experiences in equity markets, largely spanning fund management and research. He has spent part of his career gaining experience in managing emerging market equities in London. In his earlier role was heading the investment function of the ICICI Prudential AMC Portfolio Management Services (PMS), and was designated Fund Manager responsible for managing PMS portfolios totalling INR 4000 crores. He has also worked in the capacity of fund manager for offshore funds like Sanlam Investment Advisors and First International Group Plc. as well as in the investment function at Religare Enterprises, Sharekhan Securities and HDFC Securities

Managing AUM₹406 Cr

Growth of₹Cr

Incred Small & MidCap PMS

Returns: How it has done

Scheme / Benchmark	YTD	1Y	2Y	3Y	5Y	Since inception
Incred Small & MidCap PMS	−3.68%	−5.39%	3.18%	10.81%	—	11.07%
Nifty 500	−4.83%	−0.07%	4.14%	13.46%	—	12.79%
Excess over benchmark	1.15%	−5.32%	−0.96%	−2.65%	—	−1.72%

Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 May 2026.

Risk : What you take on to earn the return

Volatility

24.85%

Benchmark approx 14.89%

A standard deviation reflecting historical swings.

Sensitivity

1.18

Beta vs benchmark 1.00 · 18% more reactive

How strongly the scheme moves with the index.

Risk-reward

0.32

Sharpe

Excess return gained per unit of volatility.

Capture ratio

110 / 124

Upside / Downside Capture

Share of market gains captured versus losses absorbed.

How far below its previous high it fell

Over the trailing 3Y window the scheme fell −34.50% from its 04 Dec 2024 peak to a 31 Mar 2026 trough. It has not yet recovered.

Max drawdowns

−34.50%

Scheme Drawdown Trajectory

Drawdown analysis	Peak	Trough	Depth	Fell over	Recovered	Recovery took
Scheme	04 Dec 2024	31 Mar 2026	−34.50%	482 days	–	–
Benchmark	30 Aug 2024	28 Feb 2025	−18.59%	182 days	–	–

Scheme

Peak04 Dec 2024

Trough31 Mar 2026

Depth−34.50%

Fell over482 days

Recovered–

Recovery took–

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 May 2026

Portfolio Details : Where the money actually sits

Avg market cap

₹9,500 Cr

Asset class

Equity

Market cap

Large cap

Mid cap20.00%

Small cap78.00%

Cash & others

Fees

A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle. Both cost the same at a 13.00% gross return.

FixedPlan A · Simple

Fixed Management Fee2.50% / yr

Performance FeeNone

Hurdle RateNot applicable

VariablePlan B · Shared upside

Fixed Management Fee1.50% / yr

Performance Fee20% of profit

Hurdle RateAbove 8%

Exit load 2.00% within 1 year, 1.00% within 2 years, nil after 3 years. Lock-in: Nil.

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