Quant Momentum Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Quant Momentum Fund Direct Growth Plan has a NAV of ₹15.6252 as of 17 Sep 2026 and an AUM of ₹1,354 Cr. Its 1-year, 3-year and 5-year returns are 6.69%, 0% and 0%, and the scheme is in the High Risk category. Our view is that it suits investors who can tolerate sharp swings and want an equity strategy that has kept some positive 1-year momentum, even though the longer trailing record is still too short to judge on a full 3-year or 5-year basis.
The fund’s portfolio is concentrated in a relatively small set of stocks and spans finance, telecom, healthcare, trading, IT and power. That mix can create meaningful active bets away from a broad benchmark such as Nifty 50, so the fund may behave very differently from a plain index-heavy equity fund.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹15.6252 as of 17 Sep 2026 |
| AUM | ₹1,354 Cr |
| Expense Ratio | 0.95% |
| Launch Date | 20 Nov 2023 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 15D, Nil after 15D |
| Fund Managers | Sandeep Tandon, Ankit Pande, Sameer Kate, Varun Pattani |
The fund is managed by Sandeep Tandon, Ankit Pande, Sameer Kate and Varun Pattani.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.03% | -3.66% |
| 3M | -1.54% | -3.71% |
| 1Y | 6.69% | -7.13% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The short-term pattern has been mixed but not weak relative to the benchmark. Over 1M and 3M, the fund stayed negative, yet it fell less than Nifty 50 in both windows, which suggests some resilience even in a soft phase for equity markets. The 1-year figure is much stronger than the benchmark’s negative return, so the fund has clearly done better than a passive Nifty 50 comparison over that span.
At the same time, the return path is not smooth. The monthly and quarterly readings point to a fund that can move unevenly rather than track a straight upward line. That kind of pattern is consistent with an active momentum approach, where exposure can shift meaningfully across sectors and themes.
The bigger limitation is that there is no usable 3-year or 5-year trailing history yet. For an investor, that means the available record is helpful for judging recent behaviour, but not enough to build confidence in how the strategy handles a full market cycle.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Quant Momentum?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Quant Momentum? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Quant Momentum Fund Direct Growth Plan | 6.69% | Data not available | Data not available |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 69.8% | 36.32% | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 25.31% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 25.27% | Data not available | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 24.51% | Data not available | Data not available |
| PGIM India Healthcare Fund Direct Growth Plan | 22.75% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return trails the stronger numbers posted by the peer funds listed here, so the recent snapshot is less compelling than several specialist alternatives. The longer-period view is more limited because 3-year and 5-year figures are not available for the fund, while one peer does show a 3-year record that is materially stronger. That means the short-term comparison and the longer-term comparison tell different stories: the fund has positive recent momentum versus Nifty 50, but the peer set shows much stronger one-year outcomes in several cases.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Piramal Finance Ltd | Finance | 9.31% |
| Indus Towers Limited | Telecom | 9.17% |
| Aurobindo Pharma Limited | Healthcare | 8.98% |
| Adani Enterprises Limited | Trading | 8.36% |
| Tata Consultancy Services Limited 29/09/2026 | IT | 7.86% |
| Adani Green Energy Limited | Power | 7.42% |
| Kotak Mahindra Bank Limited 29/09/2026 | Bank | 7.2% |
| Reliance Industries Limited | Crude Oil | 6.76% |
| DLF Limited 29/09/2026 | Realty | 5.13% |
| Bharat Heavy Electricals Ltd | Capital Goods | 4.9% |
The largest holding, Piramal Finance Ltd, carries a 9.31% weight, so no single position dominates the portfolio on its own. The weight then eases down gradually through the top ten, from just above 9% to 4.9%, which suggests that the fund spreads risk across several sizeable positions rather than relying on one outsized bet.
That said, the combined weight of the displayed holdings is 75.09%, and the portfolio discloses 27 holdings in total. This points to a portfolio that is still fairly concentrated in its leading ideas, even though the exposure is not confined to one or two names. In practical terms, the next layer of holdings may still matter, but the top positions are likely to have greater influence on short-term movements.
Because the holdings span finance, telecom, healthcare, trading, IT, power, banking, crude oil, realty and capital goods, the portfolio may reflect a wide set of sector views. That can support return opportunities, but it can also increase the gap between fund performance and a broad market index if those themes move differently.
To see all holdings, visit the Quant Momentum Fund Direct Growth Plan page
Source data date: as of 17 Sep 2026
Who should invest
This fund is suited to investors who are comfortable with High Risk equity exposure and can tolerate performance that may differ meaningfully from a broad benchmark. The available track record shows positive 1-year numbers, but the 3-year and 5-year return fields are not yet available, so the strategy is still being judged on a relatively short history. Investors with a longer horizon and a willingness to accept uneven interim results may find the style understandable; those who want smoother benchmark-like behaviour may not.
The main trade-off is between active, theme-led portfolio positioning and consistency. The holdings suggest deliberate sector and stock choices, which can help in favorable periods but can also create sharper swings when those ideas lag. In our view, this is more appropriate for investors who can hold through volatility and evaluate the fund over time rather than month by month.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% if units are sold on or before 15 days; nil after 15 days.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of Quant Momentum Fund Direct Growth Plan?
The NAV is ₹15.6252 as of 17 Sep 2026.
How has Quant Momentum Fund Direct Growth Plan performed over 1 year?
It has returned 6.69% over 1 year, which is ahead of the Nifty 50 benchmark’s -7.13% over the same period.
What are the 3-year and 5-year returns?
The 3-year return is Data not available and the 5-year return is Data not available.
What is the risk category of this fund?
It is classified as High Risk.
What is the exit load?
The exit load is 1% if units are sold on or before 15 days, and nil after 15 days.
Who manages the fund?
The fund is managed by Sandeep Tandon, Ankit Pande, Sameer Kate and Varun Pattani.
Bottom line
Quant Momentum Fund Direct Growth Plan has shown better recent performance than Nifty 50, but the short record still leaves its longer-term profile incomplete. Against the peer set listed here, its 1-year return is more modest, and the absence of 3-year and 5-year figures makes the longer view harder to assess. The portfolio is fairly concentrated across 27 holdings, with the top positions carrying meaningful influence. That combination may appeal to investors who can accept High Risk equity exposure and prefer an actively positioned, theme-sensitive approach over steadier benchmark-like behaviour.
Published on 18 September 2026 at 10:37 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.