Quant Business Cycle Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Quant Business Cycle Fund Direct Growth Plan is valued at ₹17.1638 as of 17 September 2026, with scheme AUM of ₹984 Cr. Its 1-year, 3-year and 5-year returns are 3.11%, 11.19% and 0% respectively, and the fund carries a High Risk tag. Our view is that this is a fund for investors who can tolerate sharp swings and want a differentiated equity approach, but its short recent stretch is uneven enough that the fit is better for patient investors than for those seeking steady benchmark-like outcomes.
The fund’s portfolio is tilted toward a concentrated set of cyclical and event-driven positions, which can lift return potential but also increase variability. Against that backdrop, the recent numbers show recovery after a weak patch, yet the longer-term record is still mixed enough that expectations should stay measured.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹17.1638 as of 17 Sep 2026 |
| AUM | ₹984 Cr |
| Expense Ratio | 0.62% |
| Launch Date | 30 May 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, Varun Pattani, Ayusha Kumbhat |
The fund is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, and Ayusha Kumbhat.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.01% | -3.66% |
| 3M | -1.28% | -3.71% |
| 1Y | 3.11% | -7.13% |
| 3Y | 11.19% | 5.82% |
| 5Y | Data not available | Data not available |
Recent performance has been noticeably more stable than the benchmark in the short windows. Over 1 month and 3 months, the fund was slightly negative but still held up better than Nifty 50, which remained weaker over the same periods.
The 1-year return turns positive while the benchmark stays negative, so the fund has clearly defended better over the latest year. That said, the gap is not especially large in absolute terms, which tells us the rebound has been gradual rather than decisive.
The 3-year figure is stronger at 11.19%, and the longer pattern suggests a period of early strength, a mid-cycle drawdown, and then a recovery. Even so, the path has not been smooth, which is consistent with a high-risk equity strategy that can move sharply with market and sector conditions.
Because the fund began in May 2023, there is no meaningful 5-year performance history yet. That limits the depth of the long-horizon read, so our view relies more on the 3-year trend and the more recent recovery phase than on a full market cycle comparison.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Quant Business Cycle?
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 Business Cycle? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Quant Business Cycle Fund Direct Growth Plan | 3.11% | 11.19% | 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.
On the recent 1-year number, this fund trails the stronger peer returns shown here, which are much higher across the listed set. The 3-year figure is also below the only comparable 3-year peer figure available, so the fund is not matching the strongest return profiles in this group on either horizon where comparisons are available.
The short-term picture and the longer-term picture tell the same general story: recovery is visible, but the return profile remains modest next to peers that have delivered much more over the same periods. That matters because it suggests the fund has been more restrained than the faster-moving peer set, rather than acting as a clear return leader.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Piramal Finance Ltd | Finance | 10.87% |
| Aurobindo Pharma Limited | Healthcare | 10.07% |
| Reliance Industries Limited 29/09/2026 | Crude Oil | 9.26% |
| Indus Towers Limited | Telecom | 8.56% |
| Adani Green Energy Limited | Power | 8.14% |
| Infosys Limited 29/09/2026 | IT | 6.86% |
| Kotak Mahindra Bank Limited 29/09/2026 | Bank | 6.78% |
| Samvardhana Motherson International Ltd | Automobile & Ancillaries | 4.79% |
| Premier Energies Limited | Trading | 4.76% |
| Adani Enterprises Limited | Trading | 4.75% |
The top 10 holdings account for approximately 74.84% of the portfolio.
To see all holdings, visit the Quant Business Cycle Fund Direct Growth Plan page
The largest holding, Piramal Finance Ltd, stands at 10.87%, so it is sizeable enough to matter but not so dominant that it alone defines the fund. The next few positions also sit near or above the mid-single-digit range, which means the portfolio still has several meaningful drivers.
The drop from the first holding to the tenth is noticeable, falling from 10.87% to 4.75%. That shows the portfolio is led by a handful of larger positions, after which weights taper off rather than remaining evenly spread.
With the top 10 accounting for 74.84% of assets and 27 holdings disclosed overall, the fund is fairly concentrated at the visible core, while still leaving room for a longer tail of smaller positions. In our view, that mix may allow the portfolio to express stronger views on selected sectors and companies, but it could also keep volatility elevated when those themes move against it.
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who are comfortable with a High Risk equity profile and can hold through uneven stretches. The 1-year and 3-year numbers suggest recovery potential, but the path has been choppy, so a medium-to-long horizon is more appropriate than a short holding period.
Relative to the benchmark, the fund has recently behaved better in weak markets and has stayed positive over 1 year while the benchmark remained negative. Compared with the peer set, however, the return profile is still subdued, so investors need to accept the trade-off of higher thematic and stock-specific exposure in exchange for the chance of differentiated outcomes.
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% on or before 15D, Nil after 15D.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of Quant Business Cycle Fund Direct Growth Plan?
The current NAV is ₹17.1638 as of 17 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 3.11% for 1 year, 11.19% for 3 years and Data not available for 5 years.
How has the fund performed versus Nifty 50?
It has done better than Nifty 50 over 1 month, 3 months, 1 year and 3 years. The 5-year comparison is not available because the fund has not been running that long.
How does it compare with the listed peer funds on 1-year return?
Its 1-year return is lower than the peer returns shown here, which range from 22.75% to 69.8% on the available set.
What is the minimum SIP amount?
The minimum SIP amount is not stated here, so it is not shown.
Who manages the fund and what is the exit load?
The fund is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, and Ayusha Kumbhat. The exit load is 1% on or before 15D, and nil after 15D.
Bottom line
Quant Business Cycle Fund Direct Growth Plan has shown a mixed but improving pattern: recent returns are modest, while the 3-year figure is stronger than the latest shorter windows. It has also held up better than the benchmark in the recent periods shown, yet its return profile remains well below the stronger peer results available here. The portfolio is concentrated in a relatively small set of holdings, so the fund is likely to be more theme-driven and more volatile than a broadly diversified equity option.
Published on 18 September 2026 at 1:14 PM 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.