Quantum Ethical Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Quantum Ethical Fund Direct Growth Plan has a NAV of ₹10.01 as of 15 Sep 2026 and a scheme AUM of ₹127 Cr. Its 1-year, 3-year and 5-year returns are -0.2%, 0% and 0%, respectively, and the scheme is tagged High Risk. Our view is that it suits investors who can tolerate uneven short-term outcomes and want a portfolio whose current holding mix and benchmark-relative behaviour are better assessed with a longer holding horizon than a quick exit.

The fund looks more suited to patient investors than to those expecting steady near-term gains. Its recent numbers have been mixed against the Nifty 50, but the portfolio shows exposure to a set of operating businesses rather than a narrow single-theme bet, which may help diversify stock-specific risk even though the riskometer remains high.

Quick facts

Particular	Details
NAV	₹10.01 as of 15 Sep 2026
AUM	₹127 Cr
Expense Ratio	0.75%
Launch Date	20 Dec 2024
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	Nil upto 10% of units and 1% for remaining units on or before 365D, Nil after 365D
Fund Managers	Chirag Mehta

The fund is managed by Chirag Mehta.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.47%	-4.81%
3M	3.52%	-3.63%
1Y	-0.2%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-term picture has improved and weakened in different stretches. Over three months, the fund moved ahead of the benchmark, which tells us the portfolio can recover quickly when the market backdrop is supportive. The one-month figure was negative, but the benchmark was also weak, so the gap was still favourable to the fund even in a soft patch.

The one-year figure is less attractive in absolute terms, yet it still sits above the benchmark’s one-year return. That matters because it suggests the fund has not merely relied on a strong market to look acceptable; it has held up better than the Nifty 50 over the same window. At the same time, the absence of three-year and five-year history means we should be careful about reading too much into a short operating record.

The daily path implied by the return pattern also points to some swing in sentiment. The fund recovered from earlier weakness during the three-month stretch, then gave back part of that progress by the latest month, which is consistent with a high-risk equity portfolio that can move around more sharply than a defensive fund.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Quantum Ethical?

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 Ethical? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Quantum Ethical Fund Direct Growth Plan	-0.2%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.16%	37.12%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	27.47%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.05%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	26.51%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	25.46%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available one-year numbers, the fund trails several of the peer funds in the table by a wide margin, even though it has still done better than the Nifty 50 over the same period. That makes the recent comparison look mixed: it is not the weakest against its benchmark, but it has not matched the stronger peer return profile.

Because the fund does not yet have three-year or five-year figures, the longer-view comparison is incomplete. The peers with available longer history show materially stronger three-year outcomes, which means the current fund has less evidence to support a longer compounding case at this stage. In short, the short-term story and the longer-term peer picture are not the same, and that is important for setting expectations.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Net Receivable/(Payable)	Cash & Cash Equivalents and Net Assets	6.41%
Marico Ltd*	FMCG	4.15%
Va Tech Wabag Ltd*	Business Services	3.85%
TVS Motor Company Ltd*	Automobile & Ancillaries	3.52%
Hitachi Energy India Ltd*	Capital Goods	3.33%
Persistent Systems Ltd*	IT	3.28%
Bosch Ltd*	Automobile & Ancillaries	3.12%
Eicher Motors Ltd*	Automobile & Ancillaries	3.07%
DR. Lal Path Labs Ltd*	Healthcare	2.99%
Amber Enterprises India Ltd*	Consumer Durables	2.87%

The top 10 holdings account for approximately 36.59% of the portfolio.

To see all holdings, visit the Quantum Ethical Fund Direct Growth Plan page

The largest disclosed position is Net Receivable/(Payable) at 6.41%, which is followed by a fairly even spread among the next few names. The drop from the first holding to the tenth is not dramatic, with the tenth holding still at 2.87%, so the visible book does not look dominated by a single stock position. Instead, the weights step down gradually, which may reduce reliance on any one equity name even though the cash and net asset line remains the single biggest disclosed entry.

Because the displayed top 10 add up to 36.59% and there are 45 disclosed holdings in total, a meaningful share of the scheme sits in a longer tail beyond the top positions. That suggests the portfolio may have several smaller contributors rather than a very short concentrated list. At the same time, the top positions still matter because they carry enough weight to influence short-run behaviour.

Overall, the structure points to moderate concentration in the visible leaders, but not extreme concentration across the disclosed holding set. That balance can be useful for diversification, although it does not remove the high-risk label attached to the scheme.

Source data date: as of 15 Sep 2026

Who should invest

This fund is better suited to investors who are comfortable with High Risk equity exposure and can hold through uneven short-term periods. The one-year return is still negative, even though it has beaten the benchmark over the same window, so the main trade-off is between the possibility of relative resilience and the reality of near-term volatility.

A patient horizon is more relevant here than a short holding period. The peer set also shows that some funds have delivered much stronger longer-horizon outcomes where history is available, so investors need to accept that this scheme has less evidence behind it on a three-year or five-year basis.

The portfolio’s spread across 45 disclosed holdings may help soften single-stock dependence, but the scheme still carries a high-risk profile and can move around sharply. It therefore suits investors who can live with fluctuating returns while watching how the strategy develops over time.

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, Nil after 365D.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Quantum Ethical Fund Direct Growth Plan?
The current NAV is ₹10.01 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -0.2%, while the 3-year and 5-year returns are both 0% in the available record.

How has the fund performed against the Nifty 50 benchmark?
It has done better than the benchmark over 1 month, 3 months and 1 year. The 3-month fund return is 3.52% versus -3.63% for the Nifty 50, and the 1-year figure is -0.2% versus -8.27%.

How does it compare with the peer funds listed here?
Its 1-year return is lower than the peer funds shown in the comparison table, while several peers also have much stronger 3-year figures where those are available. That makes the current fund look weaker on recent peer returns, especially on a one-year basis.

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. The exit load is nil upto 10% of units and 1% for remaining units on or before 365D, and nil after 365D.

Bottom line

Quantum Ethical Fund Direct Growth Plan has shown a mixed pattern: it has held up better than the benchmark over recent periods, but the one-year return is still negative and the peer set has delivered much stronger recent numbers where history is available. The scheme carries a High Risk label, and its portfolio is spread across 45 disclosed holdings, which may help balance single-name exposure without changing the higher-risk nature of the fund. It looks more appropriate for investors who can stay invested through volatility and are comfortable with an evolving track record.

Published on 16 September 2026 at 8:53 AM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.