Quant Large & Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 28, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Quant Large & Mid Cap Fund Direct Growth Plan has a NAV of ₹138.2807 as of 09 Sep 2026, and its scheme AUM is ₹3,487 Cr. Its 1-year, 3-year and 5-year returns are 13.43%, 14.97% and 16.35%, respectively, and it carries a High Risk profile.
Our view is that this is a fund for investors who can stay with an equity allocation through sharp short-term swings, because the recent one-month return has been weak even though the longer-term track record remains constructive. The portfolio is meaningfully tilted to a handful of large positions, so the fund’s outcome may be driven more by a few holdings than by broad diversification.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹138.2807 as of 09 Sep 2026 |
| AUM | ₹3,487 Cr |
| Expense Ratio | 0.7% |
| Launch Date | 07 Jan 2013 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty Mid Cap |
| 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 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.45% | -4.69% |
| 3M | 4.44% | 0.93% |
| 1Y | 13.43% | -7.16% |
| 3Y | 14.97% | 6.00% |
| 5Y | 16.35% | 5.87% |
The recent picture is mixed, but not weak in a relative sense. Over the last month, the fund fell 2.45% while the benchmark fell 4.69%, so it held up better than the index even in a soft patch. Over 3 months, the fund gained 4.44% versus 0.93% for the benchmark, which suggests the recovery phase has been stronger than the benchmark’s.
The longer horizon is still the stronger part of the story. The 1-year return of 13.43% is well ahead of the benchmark’s -7.16%, and the 3-year and 5-year figures of 14.97% and 16.35% also compare favourably with the benchmark’s 6.00% and 5.87%. That gap tells us the fund has compounded better than the benchmark across medium and long holding periods.
The pattern in the return path also matters. The fund has gone through noticeable swings, including a weaker stretch before recovering, which is consistent with a high-risk equity strategy. That means the recent period is best read as short-term volatility rather than a break from the longer-term trend.
For investors, the key point is that the fund has shown the ability to recover from drawdowns and still deliver stronger multi-year compounding than the benchmark. The trade-off is that this comes with sharper movement from one period to the next, so the path to those returns is unlikely to feel smooth.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Quant Large & Mid Cap?
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 Large & Mid Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Motilal Oswal Large & Midcap Fund Direct Growth Plan | 14.42% | 22.86% | 19.17% |
| Quant Large & Mid Cap Fund Direct Growth Plan | 13.43% | 14.97% | 16.35% |
| HSBC Large & Mid Cap Fund Direct Growth Plan | 12.77% | 17.71% | 15.05% |
| Sundaram Large and Mid Cap Fund Direct Growth Plan | 11.17% | 14.64% | 12.61% |
| Invesco India Large & Mid Cap Fund Direct Growth Plan | 9.92% | 22.84% | 17.63% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return is solid, but a peer such as Motilal Oswal Large & Midcap Fund Direct Growth Plan has run ahead on the same horizon. On medium and longer periods, the current fund is behind a couple of peers that have posted stronger 3-year and 5-year outcomes, especially Motilal Oswal Large & Midcap Fund Direct Growth Plan and Invesco India Large & Mid Cap Fund Direct Growth Plan on the 3-year measure.
At the same time, the current fund still compares reasonably well versus the middle of this peer set on longer horizons, with returns above both HSBC Large & Mid Cap Fund Direct Growth Plan and Sundaram Large and Mid Cap Fund Direct Growth Plan across the periods shown. The short-term comparison and the longer-term comparison therefore tell slightly different stories: the near-term gap is narrower, while the multi-year gap is more visible.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Aurobindo Pharma Limited | Healthcare | 9.73% |
| Lloyds Metals and Energy Limited | Iron & Steel | 9.00% |
| Samvardhana Motherson International Ltd | Automobile & Ancillaries | 8.14% |
| Adani Enterprises Limited | Trading | 6.44% |
| Adani Green Energy Limited | Power | 5.69% |
| Bharti Airtel Limited 29/09/2026 | Telecom | 5.50% |
| Adani Power Limited | Power | 5.16% |
| Bharat Heavy Electricals Ltd | Capital Goods | 4.59% |
| Glenmark Pharmaceuticals Ltd 29/09/2026 | Healthcare | 4.11% |
| DLF Limited 29/09/2026 | Realty | 3.92% |
The largest holding, Aurobindo Pharma Limited, carries a 9.73% weight, so it is large enough to matter on its own without dominating the portfolio. The drop from the first holding to the tenth is gradual rather than abrupt, which tells us the top slice is spread across several names instead of being concentrated in one outsized position.
The top ten holdings together account for 62.28% of the portfolio, and the portfolio has 30 disclosed holdings in total. That combination suggests the fund may still have a meaningful tail beyond the largest positions, but the disclosed core is clearly significant enough that the biggest holdings could influence results materially.
Because the positions include healthcare, metals, automobiles, trading, power, telecom, capital goods and realty, the fund’s outcomes may depend on how a few cyclical and stock-specific names behave. That can support returns when those positions move well, but it can also increase swings when sentiment changes.
To see all holdings, visit the Quant Large & Mid Cap Fund Direct Growth Plan page
Source data date: as of 09 Sep 2026
Who should invest
This fund is more suitable for investors who are comfortable with High Risk equity exposure and who can stay invested through volatile stretches. Its 1-year, 3-year and 5-year return pattern indicates that the fund has rewarded patience over multiple years, even though the short-term path can be choppy.
The benchmark comparison shows that the fund has done better than the benchmark across the periods shown, while the peer set shows that there are funds with stronger medium-term numbers. That makes the main trade-off clear: the fund may suit investors who want an active large-and-mid-cap approach and can tolerate swings, but who also accept that the ride may be uneven.
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; no exit load after the holding period.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Quant Large & Mid Cap Fund Direct Growth Plan?
The current NAV is ₹138.2807 as of 09 Sep 2026.
What are the 1-year, 3-year and 5-year returns?
The 1-year return is 13.43%, the 3-year return is 14.97% and the 5-year return is 16.35%.
How has the fund performed versus its benchmark?
It has outperformed the benchmark across all the periods shown. The gap is especially clear over 1 year, where the fund is positive while the benchmark is negative.
How does it compare with peer funds on returns?
Its recent return is solid, but some peers have stronger 3-year and 5-year figures. Motilal Oswal Large & Midcap Fund Direct Growth Plan and Invesco India Large & Mid Cap Fund Direct Growth Plan have posted higher medium-term returns in the peer set shown.
What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.
What should investors note about risk, holdings and exit load?
The fund is classified as High Risk, and its portfolio is fairly concentrated in a few large holdings, led by Aurobindo Pharma Limited at 9.73%. The exit load is 1% if units are sold on or before 15 days, and there is no exit load after the holding period.
Bottom line
Quant Large & Mid Cap Fund Direct Growth Plan has a stronger multi-year record than its short-term wobble might suggest, and it has stayed ahead of the benchmark over the periods shown. Against peers, the picture is mixed: the fund remains competitive, but a few comparators have stronger 3-year and 5-year figures. Its High Risk label and concentrated top holdings mean it is better suited to investors who can handle volatility and wait for the longer-term compounding story to play out.
Published on 10 September 2026 at 3:01 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.