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

Quant Manufacturing Fund Direct Growth Plan has a NAV of ₹17.2619 as of 17 September 2026 and scheme AUM of ₹737 Cr. Its 1-year, 3-year and 5-year returns are 10.33%, 15.58% and 0% respectively, and the fund sits in the High Risk category. Our view is that this is a cyclical equity strategy that has held up better over 3 years than over the most recent month, so it may suit investors who are comfortable with sharp swings and want an allocation that can benefit from manufacturing-linked themes over a longer horizon.

That said, the short history since launch on 14 August 2023 means the 5-year figure is not meaningful as a track record read-out. The portfolio is fairly concentrated in its largest ideas, so return outcomes may be driven more by a small set of positions than by broad diversification.

Quick facts

Particular	Details
NAV	₹17.2619 as of 17 Sep 2026
AUM	₹737 Cr
Expense Ratio	0.88%
Launch Date	14 Aug 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	-1.21%	-3.66%
3M	2.33%	-3.71%
1Y	10.33%	-7.13%
3Y	15.58%	5.82%
5Y	Data not available	Data not available

Recent numbers point to a mixed but still constructive run. The fund slipped over 1 month, yet that decline was smaller than the benchmark’s fall, and the 3-month figure stayed positive while the benchmark remained negative. That tells us the fund has absorbed the latest choppiness better than the index, even if the path has not been smooth.

The 1-year return is clearly ahead of the benchmark, which is important because the benchmark itself was in negative territory over the same stretch. Over 3 years, the fund also stays ahead, so the longer window confirms that the strategy has added value relative to the benchmark rather than relying only on a brief recovery.

We would still treat the pattern with some caution because the fund is young and belongs to a high-risk category. The 1-year and 3-year figures show stronger compounding than the benchmark, but the shorter-term dip reminds us that this can still behave unevenly when market sentiment turns.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Quant Manufacturing?

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.

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Peer comparison

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

Fund	1Y return	3Y return	5Y return
Quant Manufacturing Fund Direct Growth Plan	10.33%	15.58%	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

On a 1-year view, the fund trails the stronger peer figures by a fair margin, with the listed peer funds showing much higher recent returns. That said, the current fund’s 3-year return is still solid and compares better than peers where 3-year data is not available, which makes the medium-term picture more balanced than the short-term snapshot.

The split between short-term and medium-term performance matters here. The peer set suggests the fund has not matched the strongest recent one-year outcomes, but its 3-year return still shows it has participated in the theme over a broader period. In other words, the recent gap versus peers is more visible than the longer-run gap.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Aurobindo Pharma Limited	Healthcare	9.86%
Bharat Heavy Electricals Ltd	Capital Goods	9.75%
Ador Welding Limited	Capital Goods	8.77%
Reliance Industries Limited 29/09/2026	Crude Oil	8.7%
Adani Enterprises Limited	Trading	8.68%
Zydus Wellness Ltd	FMCG	7.6%
Lloyds Metals and Energy Limited	Iron & Steel	7.44%
Adani Green Energy Limited	Power	7.21%
Divi'S Laboratories Limited 29/09/2026	Healthcare	7.14%
Ravindra Energy Limited	Power	6.18%

The top 10 holdings account for approximately 81.33% of the portfolio.

To see all holdings, visit the Quant Manufacturing Fund Direct Growth Plan page

The largest position is Aurobindo Pharma Limited at 9.86%, which is large enough to have greater influence on near-term outcomes. The next few holdings are close behind, with Bharat Heavy Electricals Ltd at 9.75% and Ador Welding Limited at 8.77%, so the portfolio does not show a sharp drop after the top slot.

From the first holding to the tenth, the weights ease down in a fairly orderly way rather than collapsing, which suggests the fund may be built around a cluster of meaningful positions instead of a single dominant bet. The top 10 holdings together make up 81.33% of the portfolio, and that is high enough to indicate a concentrated setup even though the disclosed list runs to 26 holdings.

That concentration could help the fund express its theme more clearly, but it also means the smaller tail of holdings may have a lighter impact than the largest names. For investors, the key point is that this portfolio may move with a relatively tight set of stock choices rather than with a broad market basket.

Source data date: as of 17 Sep 2026

Who should invest

This fund is better aligned with investors who can handle High Risk exposure and who are comfortable with uneven month-to-month returns. The 1-year and 3-year figures show that the strategy has held up well against the benchmark, but the short-term wobble shows that the ride can still be choppy.

A longer horizon looks more suitable than a short holding period, especially because the portfolio is concentrated and the scheme is relatively young. The main trade-off is clear: stronger theme-driven upside potential versus a greater chance of sharp swings when the manufacturing cycle or market mood turns.

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; nil after 15 days.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Quant Manufacturing Fund Direct Growth Plan?
The NAV is ₹17.2619 as of 17 September 2026.

How have the fund’s recent returns looked?
Its 1-month return is -1.21%, 3-month return is 2.33%, 1-year return is 10.33% and 3-year return is 15.58%.

How does the fund compare with its benchmark?
It has outpaced the benchmark across 1 month, 3 months, 1 year and 3 years. The benchmark’s 1-year and 3-year figures are both lower than the fund’s.

How does it compare with the peer funds listed here?
Its 1-year return is lower than the stronger peer figures shown here, while its 3-year return remains positive and useful as a medium-term reference point.

Is there a minimum SIP amount?
Yes, 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 1% if units are sold on or before 15 days, and nil after 15 days.

Bottom line

Quant Manufacturing Fund Direct Growth Plan shows a clearer medium-term story than a short-term one: the 1-year and 3-year figures are both ahead of the benchmark, but the latest month was weaker. Against the listed peers, the recent return is softer, so the fund has more to prove on short-horizon performance. The portfolio is concentrated, with the top 10 holdings accounting for 81.33%, and that concentration may amplify both gains and setbacks. It suits investors who want a high-risk manufacturing theme with a longer view and can accept uneven returns along the way.

Published on 18 September 2026 at 1:33 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.