Quant Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Quant Mid Cap Fund Direct Growth Plan had a NAV of ₹249.5406 as of 09 Sep 2026 and scheme AUM of ₹8,055 Cr. Its 1-year, 3-year and 5-year returns are 7.67%, 11.37% and 16.23%, respectively, and the scheme is tagged as High Risk. In our view, this is a mid-cap fund for investors who can stay patient through sharp swings and are comfortable with equity-led volatility.
The fund’s longer-term compounding is better than its near-term pace, but the recent path still shows periods of weakness and recovery. That combination, along with a 31-holding portfolio led by a few large positions, makes it more suitable for a long horizon than for short holding periods.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹249.5406 as of 09 Sep 2026 |
| AUM | ₹8,055 Cr |
| Expense Ratio | 0.71% |
| Launch Date | 07 Jan 2013 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty Mid Cap |
| Fund Category | Equity |
| Exit Load | 0.50% on or before 3M, Nil after 3M |
| 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 | -1.98% | -2.04% |
| 3M | 3.15% | 4.88% |
| 1Y | 7.67% | 5.51% |
| 3Y | 11.37% | 15.36% |
| 5Y | 16.23% | 15.14% |
The recent picture is mixed, but not weak enough to suggest structural damage. Over 1 month the fund edged down less than the benchmark, which tells us the drawdown was contained, while the 3-month period shows a smaller gain than the benchmark. That combination usually points to a fund that can lag in brisk rallies even when it holds up reasonably during softer patches.
Over 1 year, the fund is ahead of the benchmark, which is a constructive sign for recent momentum. The gap is not huge, but it does show that the portfolio has been able to add value over the last 12 months. That said, the 3-year return is below the benchmark, so the recent 1-year improvement looks better than the medium-term trend.
Over 5 years, the fund is modestly ahead of the benchmark, which supports the case for long-term compounding. Our view is that this is not a smooth or defensive mid-cap exposure; the return path has included notable phases of softness and recovery, and that is consistent with a high-risk equity fund. The longer horizon has rewarded patience more than the shorter windows have.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Quant 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 Mid Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Quant Mid Cap Fund Direct Growth Plan | 7.67% | 11.37% | 16.23% |
| HSBC Midcap Fund Direct Growth Plan | 22.93% | 24.35% | 19.48% |
| WOC Mid Cap Fund Direct Growth Plan | 16.16% | 21.78% | Data not available |
| Helios Mid Cap Fund Direct Growth Plan | 14.68% | Data not available | Data not available |
| ITI Mid Cap Fund Direct Growth Plan | 14.35% | 20.09% | 16.94% |
| Mahindra Manulife Mid Cap Fund Direct Growth Plan | 13.23% | 17.96% | 18.47% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On 1-year returns, the fund trails the stronger peer numbers in this set, so its recent momentum looks comparatively modest. The 3-year and 5-year numbers also sit below the more robust peer results where those figures are available, which suggests the fund has not kept pace with the best outcomes in the group over medium and long horizons.
The short-term and longer-term comparisons tell a different story from one another. The fund’s own 1-year result is better than its 3-year figure, and its 5-year result improves again, so the pattern points to an uneven but improving longer-term profile. Against peers, however, the available return data still shows that several other funds have delivered stronger outcomes across the same windows.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Aurobindo Pharma Limited | Healthcare | 10.45% |
| Tata Communications Limited | Telecom | 8.4% |
| Lloyds Metals and Energy Limited | Iron & Steel | 8.18% |
| Irb Infrastructure Developers Limited | Infrastructure | 6% |
| Indus Towers Limited | Telecom | 5.95% |
| Premier Energies Limited | Trading | 5.2% |
| Bharat Heavy Electricals Ltd | Capital Goods | 5.09% |
| LG Electronics India Limited | Domestic Equities | 4.77% |
| Nippon Life India Asset Management Ltd | Finance | 4.61% |
| Sona BLW Precision Forgings Limited | Automobile & Ancillaries | 3.76% |
The largest holding, Aurobindo Pharma Limited, carries a 10.45% weight, so it is large enough to matter on its own but not so dominant that it fully defines the fund. The drop from the first holding to the tenth is fairly steady, which usually suggests the portfolio is built around a core of meaningful positions rather than a single oversized bet.
The top 10 holdings together account for approximately 62.41% of the portfolio, which means a majority of the scheme is represented by a fairly small set of names. With 31 disclosed holdings in total, the fund still has a longer tail beyond these positions, but the visible allocation is clearly tilted toward a concentrated core. That structure may amplify both upside and downside when the leading holdings move sharply.
We also note that telecom, healthcare, infrastructure, metals and industrial names all appear in the top set, so the portfolio may reflect a multi-theme mid-cap approach rather than one narrow sector call. Even so, the largest weights are high enough to influence short-term performance meaningfully.
To see all holdings, visit the Quant Mid Cap Fund Direct Growth Plan page
Source data date: as of 09 Sep 2026
Who should invest
This fund fits investors with a high tolerance for equity volatility and a long investment horizon. The High Risk label, the uneven shorter-term record and the stronger 5-year outcome all point to a mid-cap allocation that can move around before the longer compounding has time to show through.
It is more suitable for investors who can stay invested through periods when returns lag the benchmark or peers, because that has happened in the recent and medium-term windows. The trade-off is straightforward: you accept sharper fluctuations and concentration in a few holdings in exchange for the possibility of better long-run equity growth.
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: 0.50% if units are sold within 3 months; nil after 3 months.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Quant Mid Cap Fund Direct Growth Plan?
The current NAV is ₹249.5406 as of 09 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 7.67%, 11.37% and 16.23%, respectively.
How has the fund performed against its benchmark?
It is ahead of the benchmark over 1 year and 5 years, but behind it over 3 years. That split suggests the recent improvement is better than the medium-term trend.
How does it compare with the peer funds listed here?
The fund’s 1-year, 3-year and 5-year returns are lower than several peer numbers shown here where comparable figures are available. The peer set therefore looks stronger on the available return data.
What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.
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 0.50% if units are sold within 3 months, and nil after 3 months.
Bottom line
Quant Mid Cap Fund Direct Growth Plan shows a better 5-year result than its 3-year number, which tells us the fund has not moved in a straight line but has still compounded over longer stretches. Against the benchmark it is ahead over 1 year and 5 years, yet several peer funds have delivered stronger available return figures. The portfolio is concentrated in a handful of larger holdings, so it may suit investors who can handle high risk and stay patient through uneven mid-cap cycles.
Published on 10 September 2026 at 2:38 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.