Quant ELSS Tax Saver Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Quant ELSS Tax Saver Fund Direct Growth Plan has a NAV of ₹463.9722 as of 09 Sep 2026 and a scheme AUM of ₹13,457 Cr. Its 1-year, 3-year and 5-year returns are 15.48%, 14.66% and 15.71%, and the fund sits in the High Risk bucket.

Our view is that this is a fund for investors who can stay invested through sharp swings and want an ELSS with a strong longer-term return profile. The portfolio is fairly focused, and the fund’s recent numbers have been softer than its 3-year and 5-year track record, so the story is one of resilience over time rather than smooth month-to-month delivery.

Quick facts

Particular	Details
NAV	₹463.9722 as of 09 Sep 2026
AUM	₹13,457 Cr
Expense Ratio	0.57%
Launch Date	07 Jan 2013
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	No exit load after holding period
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	-1.14%	-4.69%
3M	5.81%	0.93%
1Y	15.48%	-7.16%
3Y	14.66%	6%
5Y	15.71%	5.87%

The fund has held up better than the benchmark over every period shown, and the gap is especially clear over 1 year and 5 years. That tells us the portfolio has added value relative to NIFTY 50 even when markets have not been uniformly supportive.

The recent picture is mixed but still constructive. The 1-month return is negative, which shows the fund is not immune to short-term pullbacks, yet it still beat the benchmark in that window. The 3-month result is firmer and suggests a recovery phase rather than a clean straight-line move.

Over 3 years and 5 years, the return profile is steadier and more convincing than the short-term noise. The 5-year return is slightly ahead of the 1-year number, which usually points to decent compounding through a full cycle, even if the ride has not been smooth.

What stands out most is that the fund has stayed well ahead of the benchmark over the longer windows while also showing enough volatility in the shorter windows to remind investors that ELSS equity funds can move around sharply. The pattern is strong, but it is not low-drift or defensive.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Quant ELSS Tax Saver?

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 ELSS Tax Saver? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Quant ELSS Tax Saver Fund Direct Growth Plan	15.48%	14.66%	15.71%
Motilal Oswal ELSS Tax Saver Fund Direct Growth Plan	15.62%	22.46%	17.66%
Quant ELSS Tax Saver Fund Direct Growth Plan	15.48%	14.66%	15.71%
JM ELSS-Tax Saver Fund Direct Growth Plan	9.59%	16.11%	14.7%
Sundaram LT Micro Cap Tax Adv Fund-Sr IV- Direct Growth Plan	8.53%	11.5%	15.93%
ITI ELSS Tax Saver Fund Direct Growth Plan	7.64%	17.03%	13.34%

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

Among the listed funds, this scheme’s 1-year return is slightly below Motilal Oswal’s but still close to the better recent outcomes in the group. The more important gap is in 3-year performance, where it trails the stronger longer-term numbers shown by Motilal Oswal and JM.

The 5-year return is also behind Motilal Oswal and Sundaram, but it remains ahead of JM and ITI on that horizon. So the short-term comparison is respectable, while the longer-term peer comparison looks more middling than leading.

That split matters because it suggests the fund has been competitive recently, but its long-run return edge versus some peers is not as wide as its benchmark gap might imply. For investors, the key question is whether they want a fund with a decent recent run or one with a more clearly superior longer-term peer record.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	9.85%
Samvardhana Motherson International Ltd	Automobile & Ancillaries	9.54%
Aurobindo Pharma Limited	Healthcare	8.49%
TREPS 01-Sep-2026 Depo 10	Cash & Cash Equivalents and Net Assets	7.75%
Adani Power Limited	Power	7.7%
Adani Green Energy Limited	Power	4.43%
ICICI Prudential AMC Ltd	Domestic Equities	4.4%
Bharti Airtel Limited	Telecom	4.2%
Adani Energy Solutions Limited	Power	4.13%
Tata Power Company Limited	Power	4.12%

The largest holding, ICICI Bank Limited, carries a weight of 9.85%, which is meaningful but not extreme for an actively managed equity portfolio. After that, the allocation steps down fairly quickly, with no single holding dominating the list by itself.

The drop from the first holding to the tenth is noticeable, but the table still shows several positions in the 4% to 10% range. That suggests the fund may let a handful of names matter more than the rest, while still avoiding a one-stock style portfolio.

The top 10 holdings together account for approximately 64.61% of the portfolio, and the full disclosed holding list contains 26 positions. That points to moderate concentration in the visible names, with a meaningful tail beyond the top 10 that could also influence outcomes over time.

To see all holdings, visit the Quant ELSS Tax Saver Fund Direct Growth Plan page

Source data date: as of 09 Sep 2026

Who should invest

This fund suits investors who can accept High Risk and hold through short-term swings in exchange for the possibility of better longer-term equity returns. The benchmark comparison is encouraging, but the recent negative 1-month reading also shows that the path can be uneven.

A longer investment horizon is important here, especially because ELSS comes with a 3-year lock-in and the return pattern is more convincing over 3 and 5 years than over a single month. Investors who value steady preservation over volatility may find the ride uncomfortable.

The main trade-off is simple: you get a fund that has outpaced NIFTY 50 over the periods shown, but you must accept sharp fluctuations and a portfolio where a few individual positions can matter. That makes it more suitable for disciplined, tax-aware equity investors than for anyone seeking a calm outcome.

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: No exit load after holding period.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Quant ELSS Tax Saver Fund Direct Growth Plan?
The current NAV is ₹463.9722 as of 09 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 15.48%, its 3-year return is 14.66%, and its 5-year return is 15.71%.

How does this ELSS fund compare with NIFTY 50?
It has outperformed NIFTY 50 across the 1-month, 3-month, 1-year, 3-year and 5-year periods shown. The gap is especially wide over 1 year and 5 years.

How does it compare with peer ELSS funds on returns?
Its recent return is close to the better recent peer readings, but its 3-year and 5-year figures are below some of the stronger peer numbers available. The comparison is mixed rather than one-sided.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

What are the key risk and portfolio traits?
It is classified as High Risk, and its portfolio has a meaningful tilt toward a few large positions, with the top 10 holdings accounting for 64.61% of the disclosed portfolio. The fund is managed by Sandeep Tandon, Ankit Pande, Varun Pattani and Ayusha Kumbhat.

Bottom line

Quant ELSS Tax Saver Fund Direct Growth Plan shows a stronger long-term picture than its recent short-term move alone would suggest. It has beaten NIFTY 50 over the periods shown, but peer comparison is more mixed because some rival ELSS funds have delivered better 3-year and 5-year numbers.

The fund is High Risk and carries a concentrated enough portfolio that a few positions can matter, even though the disclosed holdings still span 26 names. That combination makes it best suited to investors who are comfortable with equity volatility and want an ELSS that has compounded well over time rather than moved smoothly every month.

Published on 10 September 2026 at 2:33 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.