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

Quant Multi Cap Fund Direct Growth Plan has a NAV of ₹731.4464 as of 09 Sep 2026 and a scheme AUM of ₹7,724 Cr. Its 1-year, 3-year and 5-year returns are 9.9%, 9.65% and 12.14%, respectively, and the scheme carries a High Risk label. Our view is that it suits investors who can stay invested through sharp swings and still focus on the longer holding period rather than short bursts of performance.

The fund’s long-term record is more balanced than its recent stretch, and the portfolio has meaningful stock-specific bets along with a sizeable cash-like holding. That mix can support flexibility, but it also means returns may not move smoothly. For investors who can tolerate volatility and compare the fund over several years instead of months, the setup is more relevant than for those looking for steady short-term consistency.

Quick facts

Particular	Details
NAV	₹731.4464 as of 09 Sep 2026
AUM	₹7,724 Cr
Expense Ratio	0.62%
Launch Date	07 Jan 2013
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 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.81%	-4.69%
3M	5.42%	0.93%
1Y	9.9%	-7.16%
3Y	9.65%	6%
5Y	12.14%	5.87%

Short-term behaviour has been uneven, but it is still better than the benchmark on both the 1-month and 1-year windows. The 1-year figure is particularly notable because the benchmark is negative over the same period, which means the fund has handled the last year much better than the index despite still showing a high-risk profile.

At the 3-month horizon, the fund has also stayed ahead of the benchmark, which suggests the recent patch is not just a one-day move. That said, the pattern is not smooth enough to call it defensive. The fund has had periods of weakness and recovery, so the recent run looks more like a volatile rebound than a stable trend.

Over 3 years and 5 years, the picture is healthier. The fund’s 3-year return of 9.65% is above the benchmark’s 6%, and its 5-year return of 12.14% is well ahead of the benchmark’s 5.87%. In our view, that longer-term spread is the more meaningful signal here: the fund has shown it can compound better than the benchmark across full cycles, even though the shorter windows remain choppy.

The message is mixed but useful. Recent performance has been stronger than the benchmark, and the longer record has also stayed ahead, yet the path has not been smooth. For investors, that means the fund looks more suitable as a patience-driven equity allocation than as a near-term stability play.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Quant Multi 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Quant Multi Cap Fund Direct Growth Plan	9.9%	9.65%	12.14%
TRUSTMF Multi Cap Fund Direct Growth Plan	20.08%	Data not available	Data not available
Groww Multicap Fund Direct Growth Plan	19.52%	Data not available	Data not available
Mahindra Manulife Multi Cap Fund Direct Growth Plan	16.01%	17.38%	16.79%
ITI Multi Cap Fund Direct Growth Plan	14.26%	17.17%	14.52%
Bank of India Multi Cap Fund Direct Growth Plan	14.17%	17.58%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return is below the strongest short-term peer figures listed here, while its 3-year and 5-year returns are also lower than the longer-horizon figures available for Mahindra Manulife Multi Cap Fund Direct Growth Plan, ITI Multi Cap Fund Direct Growth Plan and Bank of India Multi Cap Fund Direct Growth Plan. Even so, the current fund’s own long-term numbers are still materially better than its benchmark, which means the peer view and the benchmark view are not telling the same story. The short-term gap is wider than the longer-term gap, so the comparison looks less favourable on recent momentum than on full-cycle compounding.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS 01-Sep-2026 Depo 10	Cash & Cash Equivalents and Net Assets	12.38%
Aurobindo Pharma Limited	Healthcare	9.46%
ICICI Bank Limited	Bank	5.39%
Adani Power Limited	Power	4.83%
Adani Enterprises Limited	Trading	4.43%
JSW Infrastructure Limited	Logistics	3.88%
Samvardhana Motherson International Ltd	Automobile & Ancillaries	3.86%
Adani Green Energy Limited	Power	3.57%
LG Electronics India Limited	Domestic Equities	2.95%
Swan Corp Limited	Textile	2.48%

The top 10 holdings account for approximately 53.23% of the portfolio.

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

The largest disclosed holding is TREPS 01-Sep-2026 Depo 10 at 12.38%, which is substantial for a single position and signals that liquidity or cash-like exposure is meaningful at this point in the portfolio. The weight then steps down fairly quickly to Aurobindo Pharma Limited at 9.46% and to ICICI Bank Limited at 5.39%, so the top few positions could have greater influence on day-to-day movement than the smaller names below them.

By the tenth holding, the weight is down to 2.48%, which shows a noticeable spread between the largest position and the tail of the top 10. At the same time, the top 10 still make up 53.23% of the portfolio, while 48 holdings are disclosed in total. That suggests the fund is not dominated by one stock alone, but the visible sleeve is still concentrated enough that individual positions may matter when markets move sharply.

In our view, this is a portfolio that combines a meaningful anchor in cash-like exposure with several active equity bets across healthcare, banking, power, logistics and consumer-linked industrial names. That mix may help flexibility, but it also means the portfolio can behave differently from a plain benchmark-style allocation.

Source data date: as of 09 Sep 2026

Who should invest

This fund fits investors who can accept High Risk exposure and are comfortable with a return path that can be uneven in the short run. The 1-year and 3-year figures are respectable, but the recent swings mean the fund is better suited to a long horizon than to a short tactical allocation.

The main appeal is that its 3-year and 5-year returns stay ahead of the benchmark, even though the latest 1-year comparison is more mixed versus the peer set and still volatile in absolute terms. The trade-off is clear: investors may get stronger longer-term compounding than the benchmark, but they have to accept periods when the path to that result is rougher than they would like.

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 09 Sep 2026

Frequently asked questions

What is the current NAV of Quant Multi Cap Fund Direct Growth Plan?
It is ₹731.4464 as of 09 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The returns are 9.9% for 1 year, 9.65% for 3 years and 12.14% for 5 years.

How does the fund compare with the benchmark?
It is ahead of the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The gap is especially clear over the longer horizons.

How does it compare with the peer funds listed here?
Its 1-year return trails several peers in the comparison set, while its 3-year and 5-year figures are also lower than the longer-horizon figures available for some peers. The benchmark comparison is stronger than the peer comparison on recent momentum.

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 1% if units are sold on or before 15 days, and nil after 15 days.

Bottom line

Quant Multi Cap Fund Direct Growth Plan shows a clear gap between shorter-term choppiness and longer-term compounding. Its recent numbers are uneven, but the 3-year and 5-year returns still stay ahead of the benchmark. Against the peer set, the fund’s recent return is more restrained than the strongest short-term peers, while the portfolio remains active and somewhat concentrated, with a meaningful cash-like holding and several sizeable stock positions. That profile suits investors who want a high-risk equity fund with a longer patience horizon and can live with volatility along the way.

Published on 10 September 2026 at 2:58 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.