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

Quantum Multi Asset Allocation Fund Direct Growth Plan is at ₹12.21 as of 18 Sep 2026, with scheme AUM of ₹59 Cr. Its 1-year, 3-year and 5-year returns are 1.33%, 0% and 0%, and the fund is tagged High Risk. In our view, this is a small, early-stage hybrid scheme that has held up better over 1 year than over the longer periods shown, but the limited track record means investors should judge it mainly on its current mix of assets and risk tolerance.

The benchmark comparison is mixed: the fund has stayed close to flat over 3 months and modestly positive over 1 year, while the path has been uneven. That makes it more suitable for investors who want a multi-asset structure and can tolerate swings rather than those seeking steady short-term compounding.

Quick facts

Particular	Details
NAV	₹12.21 as of 18 Sep 2026
AUM	₹59 Cr
Expense Ratio	0.41%
Launch Date	07 Mar 2024
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
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 18 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.48%	-3.73%
3M	0%	-3.14%
1Y	1.33%	-5.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The 1-month figure was weak, but it was still less negative than the benchmark over the same period. Over 3 months, the fund was essentially flat while the benchmark remained in negative territory, which suggests the portfolio has recently been more resilient than a plain equity benchmark.

The 1-year picture is clearer: the fund is positive while the benchmark is negative. That does not make the fund a low-volatility choice, but it does show that the multi-asset structure has helped it navigate a difficult period for the benchmark.

At the same time, the fund’s short history limits how much we can read into the longer view. It launched in March 2024, so the absence of 3-year and 5-year fund returns is simply a function of age rather than performance weakness. For now, the key takeaway is that recent behaviour has been choppy, but still better than the benchmark on the available 1-year and shorter windows.

Source data date: as of 18 Sep 2026

Should you BUY or HOLD Quantum Multi Asset Allocation?

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 Allocation Fund Direct Growth Plan	1.33%	Data not available	Data not available
360 ONE Multi Asset Allocation Fund Direct Growth Plan	19.91%	Data not available	Data not available
Quant Multi Asset Allocation Fund Direct Growth Plan	16.29%	22.23%	19.88%
Kotak Multi Asset Allocation Fund Direct Growth Plan	14.68%	Data not available	Data not available
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Plan	12.65%	Data not available	Data not available
DSP Multi Asset Allocation Fund Direct Growth Plan	12.65%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Against the peer set, the fund’s 1-year return is far below the stronger recent numbers shown by the larger comparison group. That gap matters because the fund has only one year of positive history to judge, and the available comparison points all show much firmer 12-month outcomes.

The longer view is harder to compare because most peers do not have 3-year or 5-year figures available, while one peer does and sits well ahead on both measures. On that basis, the fund’s current record looks materially weaker than the peers with longer histories, but the story is uneven because the comparison universe itself is missing long-dated figures for several schemes.

So the short-term and longer-term comparison tell different stories: short-term peer comparison is clearly weak, while longer-term comparison is limited by missing history across much of the set. That makes the fund’s current case less about relative return leadership and more about whether its multi-asset design suits the investor’s risk comfort.

Source data date: as of 18 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
6.89% Tamilnadu SDL (MD 19/09/2028)**	Government Securities	16.88%
Quantum Gold ETF*	Domestic Mutual Funds Units – Gold	15.4%
6.55% Tamilnadu SDL (MD 19/11/2029)**	Government Securities	8.32%
ICICI Bank Ltd*	Bank	4.48%
HDFC Bank Ltd*	Bank	4.08%
TREPS ^	Cash & Cash Equivalents and Net Assets	3.65%
Tata Consultancy Services Ltd*	IT	2.82%
Infosys Ltd*	IT	2.57%
Kotak Mahindra Bank Ltd*	Bank	2.54%
Axis Bank Ltd*	Bank	2.07%

The largest holding is 6.89% Tamilnadu SDL (MD 19/09/2028)** at 16.88%, which is a meaningful single position but not an outsized one by itself. The tenth holding is 2.07%, so the portfolio does show a noticeable drop from the top position to the end of the disclosed list.

The top 10 holdings together account for approximately 62.81% of the portfolio, which means a relatively large share sits in a limited set of positions. That does not automatically make the fund extreme, but it does suggest that a handful of government securities, gold exposure and bank holdings could have greater influence on returns than the smaller positions.

With 42 disclosed holdings overall, the fund still has a long tail beyond the top 10. Our view is that the mix appears diversified across asset types, yet the visible core remains important enough that investors should expect the top holdings to shape the fund’s behaviour more than the smaller satellites.

To see all holdings, visit the Quantum Multi Asset Allocation Fund Direct Growth Plan page

Source data date: as of 18 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk and want a multi-asset route rather than a plain equity-only allocation. The 1-year return has been positive, but the short history and the unavailable longer returns mean the fund is still best judged with caution.

It is more appropriate for a medium-to-long horizon, especially for investors who can tolerate uneven short-term results while waiting for the allocation mix to work through different market conditions. The main trade-off is that the portfolio may offer some diversification through government securities, gold and financial stocks, but the return path may still be choppy and hard to read from a short track record.

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 within 90 days; nil after 90 days.

Source data date: as of 18 Sep 2026

Frequently asked questions

What is the current NAV of Quantum Multi Asset Allocation Fund Direct Growth Plan?

The current NAV is ₹12.21 as of 18 Sep 2026.

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

The fund’s 1-year return is 1.33%, while the 3-year and 5-year returns are Data not available because the scheme is still relatively new.

How has the fund performed against its benchmark?

Over 1 year, the fund has returned 1.33% compared with -5.31% for the benchmark. Over 1 month and 3 months, it also held up better than the benchmark.

How does it compare with peer funds on 1-year return?

Its 1-year return is lower than the peer funds listed here, where the stronger 1-year figures are 19.91%, 16.29%, 14.68%, 12.65% and 12.65%.

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 Sneha Pandey and Mansi Vasa. The exit load is 1% if units are sold within 90 days, and nil after 90 days.

Bottom line

Quantum Multi Asset Allocation Fund Direct Growth Plan has a short but usable track record, and its recent results are better than the benchmark on the periods available. Even so, the 1-year number remains modest compared with the listed peers, while the longer-term view is still limited by the scheme’s age. The portfolio’s visible core is built around government securities, gold and banking names, so the fund is not a simple equity proxy. It may suit investors who value that multi-asset structure and can accept uneven near-term performance.

Published on 21 September 2026 at 10:27 AM 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.