Quant Large & Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Quant Large & Mid Cap Fund Direct Growth Plan has a NAV of ₹140.1153 as of 27 August 2026, with scheme AUM of ₹3,496 Cr. Its 1-year, 3-year and 5-year returns are 14.8964%, 17.5031% and 17.8797%, and the fund is tagged as High Risk.

Our view is that this is a growth-oriented large-and-mid-cap equity fund that has kept up a steady longer-term compounding pattern, while its more recent return profile has been less calm. The large-and-mid-cap mix and a meaningful tilt toward insurance, banking, infrastructure and power suggest a portfolio that can move sharply, so it suits investors who can stay invested through volatility.

Quick facts

The fund is managed by Sandeep Tandon, Ankit Pande, Varun Pattani and Ayusha Kumbhat.

Source data date: as of 27 Aug 2026

Performance

Recent performance has been constructive. The fund’s 1-month and 3-month returns are positive, and both are ahead of the benchmark, which tells us the recent stretch has been better than the index on a relative basis. The 1-year number is especially notable because the benchmark has been negative over the same horizon, so the fund has clearly held up better over the last year.

The longer-term picture is also positive. The 3-year and 5-year returns remain comfortably above the benchmark, which suggests the fund has done more than simply bounce in the latest market phase; it has compounded at a stronger pace over a full market cycle. That said, the path is not straight-line. The 1-year pattern and the shorter-term movement indicate some unevenness, which is consistent with a High Risk equity strategy.

For investors, the key point is that the fund has not relied only on one strong month or quarter. The 3-year and 5-year figures show sustained outperformance versus the benchmark, while the shorter windows show that returns can still move around materially. In our view, that combination is more useful than a one-off sharp spike because it points to a fund that has participated well over time, but with the kind of volatility investors must be ready to absorb.

Source data date: as of 27 Aug 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Against the peer set, the fund’s 1-year return sits below Motilal Oswal Large & Midcap Fund Direct Growth Plan and HSBC Large & Mid Cap Fund Direct Growth Plan, but above Sundaram Large and Mid Cap Fund Direct Growth Plan and Invesco India Large & Mid Cap Fund Direct Growth Plan. The gap is more pronounced on 3-year and 5-year numbers, where Motilal Oswal and Invesco have stronger figures, while HSBC is also ahead on 3 years and slightly behind on 5 years. So the short-term picture is respectable, but the longer-term peer comparison is mixed rather than dominant.

That difference matters. The fund’s own longer-term returns are strong versus its benchmark, yet some peers have compounded faster over the same horizon. For an investor, that means the fund still looks capable on absolute performance, but the peer lens suggests it has faced tougher company-level competition from funds that have delivered a stronger stretch over 3 and 5 years. The short-term and longer-term comparisons do not tell exactly the same story, and that is useful context.

Source data date: as of 27 Aug 2026

Portfolio: where your money goes

The market-cap mix is 50.56% large caps, 44.39% mid caps, 4.51% small caps and 0.54% other exposure. That is a fairly balanced large-and-mid-cap structure, with mid caps still forming a very substantial part of the portfolio.

The sector mix is spread across five areas, but insurance, banking and infrastructure sit close together and each carries a meaningful weight. Insurance is only slightly larger than bank and infrastructure, so the top three sectors are broadly comparable rather than one dominating the rest by a wide margin.

Large caps still make up the biggest slice of the market-cap profile, but mid caps are almost equally important. That balance can help the fund stay invested in established businesses while still leaving room for faster-moving companies, which may raise return potential as well as volatility. The power and infrastructure positions may also make the portfolio more sensitive to sector-specific market sentiment, so those areas could have a noticeable influence on short- to medium-term behaviour.

Among the visible holdings, LIC and Kotak Mahindra Bank stand out by weight in their sectors, while Aurobindo Pharma is the clear healthcare anchor. Overall, our view is that the portfolio is diversified across several themes, but not so diversified that sector moves become irrelevant. Insurance, banking and infrastructure may remain the key drivers of how the fund behaves.

Source data date: as of 27 Aug 2026

Who should invest

This fund fits investors who are comfortable with High Risk equity exposure and who can stay invested for a longer horizon. The 1-year return has been healthy, but the more important story is that 3-year and 5-year returns have held up better than the benchmark, which points to a fund that has rewarded patience more than short holding periods.

It can suit investors who want a large-and-mid-cap allocation with meaningful mid-cap participation and are willing to accept sharp ups and downs along the way. The trade-off is clear: the fund has shown stronger compounding than the benchmark, but its path can be uneven and some peers have compounded faster over longer stretches. That makes it better suited to investors who value growth potential and can tolerate volatility rather than those looking for stability.

Tax and exit load

Exit load: 1% if units are sold on or before 15 days; nil after 15 days.

Source data date: as of 27 Aug 2026

Frequently asked questions

What is the current NAV of Quant Large & Mid Cap Fund Direct Growth Plan?
Its NAV is ₹140.1153 as of 27 August 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 14.8964%, the 3-year return is 17.5031% and the 5-year return is 17.8797%.

How has the fund performed against its benchmark?
It has outpaced the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The gap is especially clear over 1 year, 3 years and 5 years.

How does it compare with peer large-and-mid-cap funds on returns?
Its short-term return is respectable, but some peers have higher 1-year, 3-year and 5-year returns. Others are below it on at least part of the comparison set, so the picture is mixed.

What is the minimum SIP amount?
The minimum SIP amount is ₹1000.

What risk and portfolio profile does this fund have?
It is a High Risk fund with a portfolio split between 50.56% large caps, 44.39% mid caps, 4.51% small caps and 0.54% other exposure. The visible sector mix leans most to insurance, bank and infrastructure, and the fund managers are Sandeep Tandon, Ankit Pande, Varun Pattani and Ayusha Kumbhat.

Bottom line

The fund’s recent return pattern is positive, but the more meaningful signal is its stronger 3-year and 5-year record versus the benchmark. Peer comparison is less emphatic because several peers have delivered stronger longer-term returns, even though this fund remains competitive on a few horizons. The High Risk profile and the fairly balanced large-and-mid-cap mix mean it is built for investors who can handle volatility. Its portfolio is not narrowly concentrated, but insurance, banking and infrastructure are likely to matter most for behaviour.

Published on 28 August 2026 at 10:39 AM IST