Quant Active Fund is an open-ended multi-cap equity mutual fund managed by Quant Mutual Fund. Launched on March 21, 2001, the fund aims to provide long-term capital appreciation and income generation by investing across large-cap, mid-cap, and small-cap companies.
Fund Details:
- Fund House: Quant Mutual Fund
- Launch Date: March 21, 2001
- Benchmark: Nifty 500 Multicap 50:25:25 Total Return Index
- Riskometer: Very High
- Type: Open-ended
- Risk Grade: High
- Return Grade: Below Average
- Expense Ratio: 0.56% (as of February 28, 2025)
- Exit Load: 1% if redeemed within 15 days.
Investment Details:
- Minimum Investment: ₹5,000
- Additional Investment: ₹1,000
- Minimum SIP Investment: ₹1,000
- Exit Load: 1% if redeemed within 15 days.
Performance Overview:
As of March 19, 2025, the Net Asset Value (NAV) of the Quant Active Fund Direct-Growth option is ₹622.87. The fund has delivered a return of 19.08% per annum since inception.
Trailing Returns (as of March 20, 2025):
- 1 Month: 0.12%
- 3 Months: -9.49%
- 6 Months: -19.01%
- 1 Year: -2.12%
- 3 Years: 13.36%
- 5 Years: 34.74%
- 7 Years: 19.92%
- 10 Years: 17.61%
Portfolio Allocation:
The fund maintains a diversified portfolio across various sectors and market capitalizations. As of February 2025, it holds 56 stocks, with the top 5 company holdings accounting for 27.67% of the portfolio. The largest sector exposure is in Services (19.95%).
Top Stock Holdings:
- Reliance Industries Ltd.: 9.55%
- Aurobindo Pharma Ltd.: 5.49%
- Steel Authority Of India Ltd.: 4.54%
- ITC Ltd.: 4.50%
- Larsen & Toubro Ltd.: 3.62%
Fund Management:
The fund is managed by a team of experienced professionals, including:
- Varun Pattani: Managing since February 2025; ACA with prior experience at a boutique PMS firm.
- Ayusha Kumbhat: Managing since February 2025; CFA Level III, BSc (Hons) in Economics, MSc in Behavioural & Experimental Economics, with 15 months as a Research Analyst specializing in investment research.
Tax Implications:
- Short-Term Capital Gains (STCG): Returns are taxed at 20% if redeemed before 1 year.
- Long-Term Capital Gains (LTCG): After 1 year, returns exceeding ₹1.25 lakh in a financial year are taxed at 12.5%.
Conclusion:
Quant Active Fund employs a quant-based investment strategy, dynamically adjusting its portfolio across market capitalizations and sectors. While it has delivered strong long-term performance, recent short-term returns have lagged behind category averages. Investors should consider their risk tolerance and investment horizon before investing.
Fund Manager of Quant Active Fund
- Sandeep Tandon: Founder of the Quant Group, Sandeep has 23 years of experience in the financial services industry. He played a key role in setting up the equity derivatives desk at ICICI Securities and began his career with The Economic Times Research Bureau.
- Ankit A. Pande: Serving as a fund manager since May 2020, Ankit holds a CFA and an MBA. Prior to joining Quant Mutual Fund, he worked with Infosys Finacle and began his career in equity research in 2011.
- Varun Pattani: Managing the fund since February 2025, Varun is an ACA with prior experience at a boutique Portfolio Management Services (PMS) firm.
- Ayusha Kumbhat: Also managing the fund since February 2025, Ayusha has completed CFA Level III, holds a BSc (Hons) in Economics, and an MSc in Behavioural & Experimental Economics. She has 15 months of experience as a Research Analyst specializing in investment research.
- Lokesh Garg: With 20 years of experience, Lokesh joined as a fund manager in February 2025. He holds an MBA, B.Tech, and CFP Level III certification. His previous roles include Executive Director at UBS India Institutional Equities and Director at Credit Suisse, where he was recognized as a top analyst in capital goods.
This diverse team brings a wealth of experience and expertise to the management of the Quant Active Fund.
Performance Overview:
Historically, the fund demonstrated strong performance between 2020 and 2022, outperforming its benchmark and many peers. However, recent data indicates a downturn. As of March 19, 2025, the fund’s Net Asset Value (NAV) is ₹622.87, reflecting a 1-year return of -2.18%. Since inception, it has delivered an average annual return of 19.09%.
Risk Metrics:
- Standard Deviation: 18.14%, indicating higher volatility compared to the category average of 6.56%.
- Beta: 1.15, suggesting greater sensitivity to market movements relative to peers.
- Sharpe Ratio: 0.43, lower than the category average of 3.23, pointing to less favorable risk-adjusted returns.
Investor Considerations:
While Quant Active Fund has a history of strong performance, recent underperformance and increased volatility warrant careful consideration. Investors should assess the fund’s alignment with their financial goals and risk tolerance. Diversification across sectors and market capitalizations is a key feature, but the fund’s momentum-driven strategy may lead to higher turnover and associated costs.
Conclusion:
Quant Active Fund offers a dynamic investment approach with potential for capital appreciation. However, its recent performance and risk profile suggest that investors should conduct thorough due diligence and consider their individual investment objectives before committing to this fund.
Quant Active Fund Returns
Here’s a summary of the Quant Active Fund’s performance across various time frames:
| Time Frame | Fund Return | Category Average |
| 1 Week | 4.29% | 4.29% |
| 1 Month | 0.94% | 0.81% |
| 3 Months | -8.92% | -9.74% |
| 6 Months | -18.74% | -13.96% |
| Year-to-Date | -10.22% | -10.07% |
| 1 Year | -2.33% | 10.26% |
| 2 Years | 19.72% | 25.14% |
| 3 Years | 12.48% | 15.58% |
| 5 Years | 33.12% | 26.04% |
| 10 Years | 16.79% | 13.84% |
| Since Inception | 18.45% | 13.75% |
Please note that these returns are subject to market risks and can vary over time. It’s advisable to consult the latest data and consider your financial goals before making investment decisions.
Quant Active Fund Direct Growth
As of March 19, 2025, the Quant Active Fund Direct Growth plan has demonstrated varying performance across different time frames. Below is a summary of its trailing returns:
| Time Frame | Fund Return | Category Average |
| 1 Month | 0.12% | 0.50% |
| 3 Months | -9.49% | -9.40% |
| 6 Months | -19.01% | -13.40% |
| 1 Year | -2.12% | 11.66% |
| 3 Years | 13.36% | 18.12% |
| 5 Years | 34.74% | 29.51% |
| 7 Years | 19.92% | 16.90% |
| 10 Years | 17.61% | 14.75% |
These figures indicate that while the fund has underperformed the category average in shorter durations, it has outperformed over longer periods, particularly in the 5-year, 7-year, and 10-year horizons.
Additional Fund Details:
- Expense Ratio: 0.56% as of February 28, 2025.
- Assets Under Management (AUM): ₹8,767 Crores.
- Minimum Investment: ₹5,000 for lump sum; ₹1,000 for SIP.
- Exit Load: 1% if redeemed within 15 days.
Quant Active Fund Regular Growth
As of March 4, 2025, the Quant Active Fund Regular Growth plan has the following details:
- Net Asset Value (NAV): ₹545.13
- Assets Under Management (AUM): ₹9,863.14 Crores
- Expense Ratio: 1.74%
- Inception Date: February 12, 2001
- Minimum Investment: ₹5,000 for lump sum; ₹1,000 for SIP
- Exit Load: 1% if redeemed within 15 days
Trailing Returns:
| Time Frame | Fund Return | Category Average |
| 1 Year | -14.35% | 0.01% |
| 3 Years | 12.27% | 16.54% |
| 5 Years | 25.01% | 19.78% |
| 10 Years | 15.77% | 13.18% |
| Since Inception | 18.19% | N/A |
Portfolio Composition (as of January 31, 2025):
Investment Objective:
The fund aims to generate capital appreciation and provide long-term growth opportunities by investing in a diversified portfolio across large-cap, mid-cap, and small-cap companies. It employs a dynamic investment strategy, adjusting its portfolio based on macroeconomic indicators and market sentiments.
Conclusion:
The Quant Active Fund Regular Growth plan offers exposure to a diversified equity portfolio with a focus on capital appreciation. While it has shown strong long-term performance, recent short-term returns have lagged behind category averages. Investors should consider their financial goals, risk appetite, and consult with a financial advisor before making investment decisions.
Strengths of Quant Active Fund
1) Strong Long-Term Performance
- The fund has delivered impressive long-term returns, outperforming its benchmark in the 5-year and 10-year periods.
- Example: Over the past 5 years, it has delivered around 25-30% CAGR, which is higher than many peers.
2) Dynamic Investment Strategy (VLRT Framework)
- The fund uses the VLRT (Valuation, Liquidity, Risk & Timing) model to identify opportunities dynamically.
- This allows it to switch between different sectors based on macroeconomic indicators and market trends.
3) Diversified Portfolio Allocation
- The fund invests across large-cap, mid-cap, and small-cap stocks, reducing concentration risk.
- It actively adjusts sectoral allocations based on momentum and growth potential.
4) Experienced Fund Management Team
- Managed by Sandeep Tandon, Ankit A. Pande, Varun Pattani, and others, who have significant industry experience.
- Quant Mutual Fund has gained recognition for its innovative investment strategies.
5) Outperformance During Market Rallies
- The fund has historically outperformed during bull markets due to its active stock selection and momentum-driven approach.
Risks of Quant Active Fund
High Volatility
- Due to its aggressive and momentum-based approach, the fund experiences higher fluctuations in returns.
- Example: In the last 6 months, the fund has seen a sharp correction of -18%, underperforming the category average.
Short-Term Underperformance
- The fund has recently underperformed compared to its peers, especially in 2024-25, with negative 1-year returns (-2.33%).
- This suggests that its strategy does not always work in every market condition.
Higher Expense Ratio
- The expense ratio for the regular plan is 1.74%, which is higher than many other mutual funds in the same category.
- This can impact long-term returns, especially if the fund underperforms.
Frequent Sector Rotation
- The fund frequently switches sectors, which may lead to higher transaction costs and short-term volatility.
- Some investors may find it challenging to keep up with its fast-moving investment approach.
Higher Risk During Market Downturns
- The fund’s momentum-driven strategy can struggle during prolonged bearish phases, as seen in recent underperformance.
- Example: During the correction in early 2025, the fund saw a higher drawdown compared to the benchmark index.
Not Suitable for Conservative Investors
- Due to its high-risk and high-reward nature, this fund is better suited for aggressive investors with a long-term horizon.
Conclusion: Should You Invest?
- If you are an aggressive investor looking for high growth potential and can tolerate volatility, Quant Active Fund could be a good fit.
- However, if you prefer stable and consistent returns, you might want to consider a less volatile multi-cap or flexi-cap fund.
- Always consider your financial goals, risk appetite, and time horizon before investing.
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