Quantum Diversified Equity All Cap Active FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Quantum Diversified Equity All Cap Active FOF Direct Growth Plan is at ₹86.429 as of 07 Sep 2026, with scheme AUM of ₹138 Cr. Its 1-year, 3-year and 5-year returns are 2.69%, 11.42% and 9.89% respectively, and the fund is tagged High Risk. Our view is that it fits investors who can live with sharp swings and still want a diversified equity fund of funds that has delivered better medium- and long-term compounding than its benchmark, though the recent 1-year outcome has been more restrained.

The portfolio is built around a small set of underlying active equity funds, so the return profile can move differently from a plain index-style equity allocation. That makes it more suitable for a patient, long-horizon investor than for someone looking for steady near-term consistency.

Quick facts

Particular	Details
NAV	₹86.429 as of 07 Sep 2026
AUM	₹138 Cr
Expense Ratio	0.51%
Launch Date	20 Jul 2009
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	Nil upto 10% of Units and 1% For remaining Units on or before 365D, Nil after 365D
Fund Managers	Chirag Mehta, Piyush Singh

The fund is managed by Chirag Mehta and Piyush Singh.

Source data date: as of 07 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.75%	-3.86%
3M	5.8%	1.69%
1Y	2.69%	-5.72%
3Y	11.42%	6.3%
5Y	9.89%	6.05%

Near term, the fund has been steadier than the benchmark in the most recent month and quarter, and it also held up better over one year. That matters because the benchmark’s 1-year return is negative, while the fund still stayed positive. The short-term picture therefore looks more resilient than the index, even if the 1-year gain is modest in absolute terms.

The longer view is more encouraging. Over 3 years and 5 years, the fund has remained ahead of the benchmark by a clear margin, which points to stronger compounding across a full market cycle. The 5-year return of 9.89% also shows that the strategy has not relied on one brief phase of outperformance alone.

We also read the recent movement as less smooth than the longer-term figures suggest. The path over the past year and quarter has had visible ups and downs, so the fund does not behave like a low-volatility equity product. Still, the trend is not one of persistent weakness; rather, it looks like a strategy that can recover after soft patches and then rebuild returns over time.

For investors, the key comparison is that the fund has generally done better than the benchmark across the periods shown, but the edge is most meaningful over 3 years and 5 years. The recent numbers are helpful, yet they do not fully define the strategy’s longer record.

Source data date: as of 07 Sep 2026

Should you BUY or HOLD Quantum Diversified Equity All Cap Active FOF?

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 Quantum Diversified Equity All Cap Active FOF? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Quantum Diversified Equity All Cap Active FOF Direct Growth Plan	2.69%	11.42%	9.89%
SBI Silver ETF FOF Direct Growth Plan	85.6%	Data not available	Data not available
Kotak Silver ETF FoF Direct Growth Plan	84.34%	45.67%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	83.09%	Data not available	Data not available
Axis Silver FoF Direct Growth Plan	82.78%	46.31%	Data not available
HDFC Silver ETF FoF Direct Growth Plan	82.41%	45.55%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The current fund’s 1-year return is far below the silver-linked peer set shown here, but that comparison is not apples to apples because the products follow very different underlying exposures. The more useful takeaway is that, among the peers with 3-year numbers available, this fund’s 11.42% is lower than those silver FOF figures, yet its own 3-year and 5-year history still points to a steadier equity-linked compounding pattern rather than a commodity-led surge.

Source data date: as of 07 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Aditya Birla Sun Life Focused Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	16.41%
Invesco India Midcap Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	14.88%
ICICI Prudential Focused Equity Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	13.91%
HDFC Focused Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	13.61%
Kotak Focused Fund -Direct Plan- Growth Option*	Domestic Mutual Funds Units	11.64%
HSBC Large & Mid Cap Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	7.98%
Union Small Cap Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	6.98%
Bank of India Small Cap Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	6.07%
Franklin India Flexi Cap Fund – Direct Plan- Growth Option*	Domestic Mutual Funds Units	3.4%
Abakkus Flexi Cap Fund -Direct Plan- Growth Option*	Domestic Mutual Funds Units	2%

The largest holding is Aditya Birla Sun Life Focused Fund – Direct Plan – Growth Option* at 16.41%, which is large enough to matter meaningfully to the portfolio’s day-to-day behaviour. The drop from the largest holding to the tenth holding is steep, falling to 2%, so the listed sleeve is clearly tilted toward a handful of bigger positions rather than being evenly spread.

The top 10 holdings account for approximately 96.88% of the portfolio, which suggests a highly concentrated disclosed book even though the strategy itself is a fund of funds. That concentration may make the portfolio more sensitive to the performance of the largest underlying funds, especially the focused and mid-cap names near the top.

At the same time, the 12 disclosed holdings show that the manager has not relied on a single underlying scheme. The construction may help diversify equity style exposure across focused, mid-cap, large-and-mid-cap, small-cap and flexi-cap sleeves, but the weight pattern means a few positions are likely to have greater influence than the rest.

To see all holdings, visit the Quantum Diversified Equity All Cap Active FOF Direct Growth Plan page

Source data date: as of 07 Sep 2026

Who should invest

This fund suits investors with a high tolerance for equity volatility and a long investment horizon, because the return pattern has been uneven in the short run even though the 3-year and 5-year outcomes are stronger. It is more relevant for someone who can stay invested through rough patches and focus on compounding rather than month-to-month consistency.

The main trade-off is that the fund can lag in certain shorter windows, especially when the market favours a different style of exposure, yet it has still stayed ahead of the benchmark over the longer periods shown. The portfolio’s concentrated set of underlying funds means the strategy may reward patience, but it can also move sharply when those underlying sleeves are out of step with the market.

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

Nil upto 10% of Units and 1% For remaining Units on or before 365D. No exit load after the holding period.

Source data date: as of 07 Sep 2026

Frequently asked questions

What is the current NAV of Quantum Diversified Equity All Cap Active FOF Direct Growth Plan?
The current NAV is ₹86.429 as of 07 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 2.69% for 1 year, 11.42% for 3 years and 9.89% for 5 years.

How has it performed versus the benchmark?
It has outperformed the Nifty 50 over 1 year, 3 years and 5 years. The benchmark’s returns for those periods are -5.72%, 6.3% and 6.05%.

How does it compare with the peer funds shown here?
Its 1-year return is far lower than the silver-linked peer funds listed here, while its 3-year return is also below the peer figures that are available. The comparison is useful for context, but the peer set follows different underlying exposures.

Who manages the fund?
The fund is managed by Chirag Mehta and Piyush Singh.

What tax and exit load rules apply?
Units held for less than 1 year face short-term capital gains tax at 20%, while units held for more than 1 year face long-term capital gains tax at 12.5%. The exit load is nil up to 10% of units and 1% for remaining units on or before 365 days, with no exit load after the holding period.

Bottom line

Quantum Diversified Equity All Cap Active FOF Direct Growth Plan looks more convincing over medium and longer horizons than over the most recent 1-year stretch. It has stayed ahead of the benchmark across the return periods shown, while its disclosed portfolio is concentrated in a small group of underlying equity funds. That combination points to a high-risk, long-term-oriented strategy that may suit investors who want differentiated equity exposure and can tolerate uneven shorter-term movement.

Published on 9 September 2026 at 1:39 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.