PMS · Equity · Flexi Cap
Sincere - Metamorphosis Fund
Fund size₹337 Cr
Alpha (3Y)−0.68%
3Y return11.28%
Fund age3 yrs 3 mo
Fund Manager
Growth of₹Cr
Sincere Metamorphosis
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
Sincere Metamorphosis8.81%16.44%−0.64%11.28%—12.80%
Nifty 500−1.02%4.72%−0.11%12.09%—14.20%
Excess over benchmark9.83%11.72%−0.53%−0.81%—−1.40%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.
Risk : What you take on to earn the return
Volatility
20.08%
Benchmark approx 14.81%
A standard deviation reflecting historical swings.
Sensitivity
1.11
Beta vs benchmark 1.00 · 11% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.37
Sharpe
Excess return gained per unit of volatility.
Capture ratio
100 / 99
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 −28.19% from its 06 Nov 2024 peak to a 03 Mar 2025 trough. It has not yet recovered.
Max drawdowns
−28.19%
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme06 Nov 202403 Mar 2025−28.19%117 days––
Benchmark30 Aug 202428 Feb 2025−18.59%182 days––
Scheme
Peak06 Nov 2024
Trough03 Mar 2025
Depth−28.19%
Fell over117 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 Aug 2026
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 14.75% gross return.
FixedPlan A · Simple
Fixed Management Fee2.25% / yr
Performance FeeNone
Hurdle RateNot applicable
VariablePlan B · Shared upside
Fixed Management Fee1.30% / yr
Performance Fee20% of profit
Hurdle RateAbove 10%
Exit load 3.00% within 1 year, 2.00% within 2 years, 1.00% within 3 years. Lock-in: Nil.
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