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 currently has an NAV of ₹86.781 as of 03 Sep 2026 and a scheme AUM of ₹133 Cr. Its 1-year, 3-year and 5-year returns are 3.02%, 12.11% and 10.03% respectively, and the fund sits in the High Risk category. Our view is that this is a fund for investors who can tolerate meaningful swings and want a portfolio that behaves differently from a plain large-cap fund.

The return pattern is uneven in the near term but better over longer holding periods, while the benchmark has been weaker over the same intervals. The portfolio is built through a set of underlying equity mutual funds, which gives it a diversified structure but also means investors are taking an additional layer of active allocation risk.

Quick facts

Particular	Details
NAV	₹86.781 as of 03 Sep 2026
AUM	₹133 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 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.08%	-3.01%
3M	6.02%	1.95%
1Y	3.02%	-4.4%
3Y	12.11%	5.74%
5Y	10.03%	6.27%

The near-term picture is mixed, but the fund has recovered better than its benchmark across most of the measured windows. Over 1 month, the fund fell less than the benchmark, which tells us the recent drawdown has been more contained than the index’s move. Over 3 months, the fund moved ahead of the benchmark by a clear margin, which suggests the portfolio had a stronger rebound phase than the benchmark during that stretch.

The 1-year return remains modest at 3.02%, yet it still stands above the benchmark’s negative 4.4% outcome. That matters because it shows the fund preserved more value than the benchmark in a difficult year. The longer view is more supportive: 3-year and 5-year returns of 12.11% and 10.03% indicate that the strategy has compounded at a steady pace over time rather than relying only on a short burst of performance.

Even so, the path has not been smooth. The trend in the return pattern shows periods of softness followed by recovery, so this is not a low-volatility holding. The takeaway for investors is that the fund has generally done better than the benchmark over the measured horizons, but the journey has included enough fluctuation that patience matters.

Source data date: as of 03 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Quantum Diversified Equity All Cap Active FOF Direct Growth Plan	3.02%	12.11%	10.03%
SBI Silver ETF FOF Direct Growth Plan	85.9%	Data not available	Data not available
Kotak Silver ETF FoF Direct Growth Plan	84.94%	43.28%	Data not available
Axis Silver FoF Direct Growth Plan	84.31%	43.7%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	84.1%	Data not available	Data not available
Aditya Birla SL Silver ETF FOF Direct Growth Plan	83.47%	43.31%	Data not available

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 peer set in this table by a wide margin, because the comparison funds are all in a much stronger short-term phase. The picture changes when we look at the longer horizon: the fund’s 3-year return is stronger than the peers with available 3-year figures, while its 5-year return is below the only 5-year figures disclosed among the peers. That mix tells us the fund has been steadier over medium term than the shorter-term peer snapshots suggest, but it has not matched the longer-horizon outcomes shown by the peers that report 5-year data.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Invesco India Midcap Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	14.99%
ICICI Prudential Focused Equity Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	14.36%
HDFC Focused Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	13.9%
Franklin India Flexi Cap Fund – Direct Plan- Growth Option*	Domestic Mutual Funds Units	13.75%
Kotak Focused Fund- Direct Plan- Growth Option*	Domestic Mutual Funds Units	11.92%
Aditya Birla Sun Life Focused Eq Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	10.03%
HSBC Large & Mid Cap Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	7.87%
DSP Large Cap Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	6.55%
Bank of India Small Cap Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	2.98%
Net Receivable/(Payable)	Cash & Cash Equivalents and Net Assets	1.94%

The largest holding is Invesco India Midcap Fund – Direct Plan – Growth Option* at 14.99%, so a single underlying fund can have a meaningful effect on the overall outcome. The tenth row is only 1.94%, which shows that weight drops sharply from the top position to the tail end of the visible book. That gap tells us the portfolio is not evenly spread across all disclosed holdings.

The top 10 disclosed holdings account for approximately 98.29% of the portfolio, and there are 11 total disclosed holding rows. That is a fairly concentrated structure among the disclosed positions, even though the fund itself remains diversified through multiple underlying mutual funds. Because the holdings are all funds rather than individual stocks, each position may bring its own internal diversification, but the top weights are still likely to have greater influence on returns than the smaller ones.

The structure also suggests the fund is leaning heavily on a handful of active equity strategies rather than a broad basket of many small positions. For investors, that means the portfolio may deliver a more deliberate style mix, but it also means the overall result can depend heavily on how the largest underlying funds behave.

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

Source data date: as of 03 Sep 2026

Who should invest

This fund is better suited to investors who can handle High Risk exposure and are comfortable with uneven performance along the way. The 1-year return is modest, but the 3-year and 5-year figures show a more constructive longer-run pattern, which points to a holding period measured in years rather than months.

It also fits investors who are looking for something that has generally held up better than the benchmark across the measured periods, while accepting that the ride may be choppy. The main trade-off is that the portfolio’s active fund-of-fund structure can support diversification, but it also brings another layer of allocation decisions that can make performance less predictable in the short term.

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 up to 10% of units and 1% for remaining units on or before 365 days. No exit load after the holding period.

Source data date: as of 03 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 ₹86.781 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 3.02% for 1 year, 12.11% for 3 years and 10.03% for 5 years.

How does the fund compare with the benchmark?
It has outperformed the benchmark across the measured 1-month, 3-month, 1-year, 3-year and 5-year periods, with the gap especially clear over 1 year, 3 years and 5 years.

How does it compare with the peer funds listed here?
Its 1-year return is much lower than the peer funds shown here, while its 3-year return is stronger than the peers with available 3-year figures. The 5-year comparison is weaker than the peers with available 5-year figures.

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

Who manages the fund and what is the exit load?
The fund is managed by Chirag Mehta and Piyush Singh. 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 has a mixed near-term showing but a stronger longer-term record, with returns that stay ahead of the benchmark across the measured horizons. The fund also looks meaningfully different from the benchmark because it is built through underlying equity funds, and the visible holdings are concentrated in a few large positions. That combination makes it more suitable for investors who can tolerate High Risk and who prefer a multi-manager style exposure with a multi-year horizon.

Published on 4 September 2026 at 4:27 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.