Quantum Multi Asset Active FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Quantum Multi Asset Active FoF Direct Growth Plan is at a NAV of ₹37.5529 as of 03 September 2026, with scheme AUM of ₹78 Cr. Its 1-year, 3-year and 5-year returns are 7.04%, 11.68% and 9.92% respectively, and the scheme carries a High Risk profile.

Our view is that this fund suits investors who can tolerate meaningful swings and want a multi-asset structure rather than a plain equity-only holding. The portfolio is built from a small set of underlying funds and gold, so the return path can differ from the Nifty 50 benchmark and from a conventional diversified equity fund.

Quick facts

Particular	Details
NAV	₹37.5529 as of 03 Sep 2026
AUM	₹78 Cr
Expense Ratio	0.1%
Launch Date	11 Jul 2012
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	1% on or before 90D, Nil after 90D
Fund Managers	Sneha Pandey, Mansi Vasa

The fund is managed by Sneha Pandey and Mansi Vasa.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.1%	-3.01%
3M	1.83%	1.95%
1Y	7.04%	-4.4%
3Y	11.68%	5.74%
5Y	9.92%	6.27%

The recent pattern is mixed, but the fund has held up better than the benchmark over the one-month window and has clearly outpaced it over 1 year, 3 years and 5 years. That tells us the structure has added value over a longer holding period, even though shorter stretches can be uneven.

The 1-month figure is slightly negative for the fund, yet the benchmark fell more sharply in the same window. Over 3 months, the fund and benchmark are close, with the benchmark fractionally ahead. This kind of short-term variation is not unusual for a multi-asset FoF, where underlying allocation choices can lead to a path that differs from broad equity movements.

Over 1 year, the fund’s return is positive while the benchmark is negative, which is an important relative strength point. The 3-year and 5-year numbers also stay ahead of the benchmark, which suggests the longer compounding story is more stable than the latest month-to-month move. For investors, that means the fund’s appeal lies more in sustained compounding than in smooth short-term consistency.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Quantum Multi Asset 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 Multi Asset Active FoF Direct Growth Plan	7.04%	11.68%	9.92%
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 the 1-year view, this fund trails the silver-linked peer set by a wide margin, while several peers have posted far stronger recent returns. That makes the short-term comparison look weak for this scheme.

The picture is different on longer horizons for the peers with available figures. The fund’s 3-year and 5-year returns are well above the 3-year numbers shown by the silver FoF peers that disclose them, and the 5-year record remains meaningful where the others do not provide a comparable figure. So the peer set tells two different stories: very strong short-term momentum elsewhere, but a more balanced long-term record from this fund.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Quantum Value Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	31.86%
Quantum Liquid Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	20.24%
Quantum Esg Best in Class Strategy Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	17.4%
Quantum Gold ETF*	Domestic Mutual Funds Units – Gold	14.4%
Quantum Dynamic Term Fund – Direct Plan – Growth Option*	Domestic Mutual Funds Units	14.06%
TREPS ^	Cash & Cash Equivalents and Net Assets	2.17%

The largest holding, Quantum Value Fund – Direct Plan – Growth Option*, accounts for 31.86% of the portfolio, so it is likely to have the greatest influence on the fund’s overall movement. The next few positions are also fairly large, with Quantum Liquid Fund and Quantum ESG Best in Class Strategy Fund adding another 20.24% and 17.4%. That means the top three holdings together already represent most of the disclosed mix.

Weight then tapers from the 31.86% starting point to 2.17% in TREPS, which shows a clear concentration in a handful of underlying sleeves rather than a broad, even spread. Gold at 14.4% and the dynamic term fund at 14.06% add further diversification across asset styles, but they do not reduce the fact that the first five positions dominate the construction.

Because the disclosed holdings list covers six positions and totals 100% of the portfolio, this is a tightly defined structure rather than a long tail of small bets. That concentration may help the fund express its multi-asset view clearly, but it can also mean the portfolio’s behaviour is more sensitive to the performance of those few sleeves than a more dispersed fund would be.

Source data date: as of 03 Sep 2026

Who should invest

This fund fits investors who can handle High Risk exposure and are willing to stay invested for a longer period. The 1-year result is positive and better than the benchmark, while the 3-year and 5-year numbers show a stronger long-term pattern than the benchmark, which supports a patient horizon rather than a short trading mindset.

The main trade-off is that the return path may not be smooth, especially over short windows, because the portfolio uses a concentrated set of underlying funds and gold exposure. Investors who want a fund that can behave differently from a plain equity benchmark may find that useful, but they need to accept uneven month-to-month performance in exchange for the longer compounding profile.

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 90 days. No exit load applies after the holding period.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Quantum Multi Asset Active FoF Direct Growth Plan?

The current NAV is ₹37.5529 as of 03 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is 7.04%, the 3-year return is 11.68%, and the 5-year return is 9.92%.

How has the fund performed against the benchmark?

It has outperformed the Nifty 50 over 1 year, 3 years and 5 years. Over 3 months, it is slightly behind the benchmark, while over 1 month it has held up better than the benchmark.

How does it compare with the peer funds listed here?

Its 1-year return is much lower than the silver ETF FoF peers shown here, but its longer-term figures are more balanced. Among the peers with available 3-year numbers, this fund’s 3-year return is also lower than those silver-focused schemes.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

What risk level and exit load should investors note?

The fund is classified as High Risk. The exit load is 1% if units are sold on or before 90 days, and there is no exit load after that holding period. The fund is managed by Sneha Pandey and Mansi Vasa.

Bottom line

Quantum Multi Asset Active FoF Direct Growth Plan has a mixed short-term picture but a stronger longer-term record against the Nifty 50 benchmark. In the peer set shown here, its 1-year return lags the silver-focused funds by a wide margin, while its longer-horizon numbers remain more meaningful where peers have gaps. The portfolio is concentrated in a few underlying sleeves and gold, so it is best suited to investors who are comfortable with High Risk and want a multi-asset structure with a defined but uneven return path.

Published on 4 September 2026 at 4:32 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.