Axis Quant Fund vs Nippon India Quant Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Quant Fund is a Thematic fund and Nippon India Quant Fund is a Thematic fund. In the 3 years to 30-10-2026, Axis Quant Fund (Direct) returned 7.2% a year and Nippon India Quant Fund (Direct) returned 12.9% a year. Axis Quant Fund charges 2.72% a year and Nippon India Quant Fund 0.84% (Direct plans). Their portfolios overlap 30.5%: they hold 11 of the same securities.
Nippon India Quant Fund
Thematic
- 3 year return
- 12.9%
- Expense ratio
- 0.84%
- NAV
- ₹74.84
Which is better, Axis Quant or Nippon India Quant? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Quant returned more over 5 years: 12.0% a year against 7.3%.
- Nippon India Quant returned more over 3 years: 12.9% a year against 7.2%.
- Nippon India Quant costs less: 0.84% a year against 2.72% (Direct plans).
- Axis Quant swung less over 3 years: a standard deviation of 14.5% a year against 15.0%.
- Nippon India Quant fell less in its worst fall since 07-07-2021: −17.1% against −23.0%.
- Axis Quant is the larger fund: ₹768 Cr against ₹108 Cr.
- Their portfolios overlap 30.5%: 11 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Quant Fund | Nippon India Quant Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Nippon India Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹768 Cr (30-09-2026) | ₹108 Cr (30-09-2026) |
| NAV | ₹15.87 (Direct) | ₹74.84 (Direct) |
| Expense ratio (Direct) | 2.72% | 0.84% |
| Expense ratio (Regular) | 4.11% | 1.27% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 200 TRI | BSE 200 TRI |
| Launch date | 01-07-2021 | 18-04-2008 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Krishnaa N | Shirish Guthe |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Exit load of 0.25% if redeemed within 1 month |
Axis Quant vs Nippon India Quant: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Quant Fund (Direct) | −3.17% | −10.03% | −3.82% | −6.59% | +7.21% | +7.35% | -- |
| Nippon India Quant Fund (Direct) | −0.34% | −7.17% | −3.57% | −5.85% | +12.91% | +11.97% | +13.66% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Quant vs Nippon India Quant: Year-wise Returns
| Year | AxisAxis Quant | Nippon IndiaNippon India Quant | BSE 200 TRI |
|---|---|---|---|
| 2026to date | −9.37% | −7.07% | −8.98% |
| 2025 | +2.46% | +8.37% | +9.34% |
| 2024 | +15.32% | +20.55% | +14.72% |
| 2023 | +32.80% | +35.78% | +24.48% |
| 2022 | −1.06% | +8.17% | +5.67% |
| 2021 | -- | +32.37% | +29.11% |
Axis Quant vs Nippon India Quant: Rolling Returns
Every holding period of both funds, against BSE 200 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 579 of them, one for each trading day from 08-07-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Quant Fund (Direct)
Nippon India Quant Fund (Direct)
BSE 200 TRI
to
Sept 2024Feb 2022
to
Feb 2025Jun 2022
to
Jun 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Quant | 0.0 | 0.0 | 6.4 | 52.8 | 35.1 | 5.7 | 0.0 | 14.5% | 14.4% | 6.5% | 21.2% | 26% |
| Nippon India Quant | 0.0 | 0.0 | 0.0 | 6.5 | 37.7 | 50.6 | 5.3 | 20.0% | 20.3% | 11.4% | 27.3% | 100% |
| BSE 200 TRI | 0.0 | 0.0 | 5.9 | 44.6 | 45.9 | 3.6 | 0.0 | 15.0% | 15.0% | 7.9% | 21.3% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 200 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 07-07-2021. Past returns do not promise future returns.
Axis Quant vs Nippon India Quant: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 07-07-2021 to 30-10-2026: 64 instalments, ₹6,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis QuantAxis Quant Fund (Direct) | ₹6,40,000 | ₹7,45,306 | ₹1,05,306 | 5.7% |
| Nippon India QuantNippon India Quant Fund (Direct) | ₹6,40,000 | ₹8,47,328 | ₹2,07,328 | 10.5% |
Axis QuantAxis Quant Fund (Direct)
Nippon India QuantNippon India Quant Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Quant vs Nippon India Quant: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Quant Fund (Direct) | Nippon India Quant Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.59% | −5.85% |
| Standard deviation | 15.73% | 14.31% |
| Sharpe ratio | -0.75 | -0.77 |
| Sortino ratio | -1.03 | -1.03 |
| Maximum drawdown | −14.9% (30-03-2026) | −12.5% (31-03-2026) |
| Beta | 1.06 | 1.00 |
| Alpha | +2.50% | +2.43% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Quant Fund (Direct) | Nippon India Quant Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.21% | +12.91% |
| Standard deviation | 14.51% | 14.95% |
| Sharpe ratio | 0.08 | 0.46 |
| Sortino ratio | 0.11 | 0.62 |
| Maximum drawdown | −23.0% (04-03-2025) | −16.9% (28-02-2025) |
| Beta | 0.98 | 1.05 |
| Alpha | −2.36% | +3.13% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Quant Fund (Direct) | Nippon India Quant Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.35% | +11.97% |
| Standard deviation | 14.19% | 14.82% |
| Sharpe ratio | 0.11 | 0.42 |
| Sortino ratio | 0.15 | 0.57 |
| Maximum drawdown | −23.0% (04-03-2025) | −17.1% (20-06-2022) |
| Beta | 0.95 | 1.02 |
| Alpha | −0.73% | +3.71% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Quant Fund (Direct) | Nippon India Quant Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.88% | +12.64% |
| Standard deviation | 14.06% | 15.72% |
| Sharpe ratio | 0.23 | 0.42 |
| Sortino ratio | 0.31 | 0.57 |
| Maximum drawdown | −23.0% (04-03-2025) | −32.8% (23-03-2020) |
| Beta | 0.95 | 0.96 |
| Alpha | −0.81% | +0.27% |
From daily NAVs, 07-07-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Quant Fund (Direct)
Nippon India Quant Fund (Direct)
BSE 200 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Quant Fund (Direct) | −23.0% | 27-09-2024 | 04-03-2025 | Not yet | -- | −15.6% |
| Nippon India Quant Fund (Direct) | −17.1% | 17-01-2022 | 20-06-2022 | 12-09-2022 | 3 months | −9.2% |
| BSE 200 TRI | −17.7% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −9.9% |
From daily values since 07-07-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Quant Fund (Direct)
Nippon India Quant Fund (Direct)
BSE 200 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Quant Fund (Direct)
Nippon India Quant Fund (Direct)
BSE 200 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Quant Fund (Direct)
Nippon India Quant Fund (Direct)
BSE 200 TRI
Against BSE 200 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Quant Fund (Direct) | 95% | 101% | 5.24% |
| Nippon India Quant Fund (Direct) | 107% | 94% | 3.74% |
From month-end values since 07-07-2021. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Quant vs Nippon India Quant: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Quant Fund, September 2026; Nippon India Quant Fund, September 2026
Holdings in common
- Overlap
- 30.5%
- Held by both
- 11
- Only in Axis Quant
- 17
- Only in Nippon India Quant
- 21
| Security | % of Axis Quant | % of Nippon India Quant |
|---|---|---|
| Reliance Industries Limited | 3.48% | 3.63% |
| HDFC Bank Limited | 3.23% | 7.23% |
| InterGlobe Aviation Limited | 3.77% | 3.19% |
| Bajaj Finance Limited | 3.58% | 3.11% |
| Mahindra & Mahindra Limited | 3.21% | 3.01% |
| Infosys Limited | 3.11% | 2.96% |
| DLF Limited | 4.06% | 2.87% |
| Cholamandalam Investment and Finance Company Ltd | 3.54% | 2.63% |
| Shree Cement Limited | 3.20% | 2.39% |
| Eicher Motors Limited | 4.12% | 1.99% |
| Bajaj Finserv Limited | 2.48% | 1.67% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.5% means 30.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Quant Fund
| Security | % of fund |
|---|---|
| Adani Enterprises Limited | 5.04% |
| Lodha Developers Limited | 4.40% |
| The Indian Hotels Company Limited | 3.79% |
| Bajaj Holdings & Investment Limited | 3.79% |
| Bharat Petroleum Corporation Limited | 3.55% |
Largest holdings only in Nippon India Quant Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 7.36% |
| Divi's Laboratories Limited | 3.83% |
| Bharti Airtel Limited | 3.59% |
| Eternal Limited | 3.47% |
| Dixon Technologies (India) Limited | 3.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Quant | Nippon India Quant |
|---|---|---|
| Equity | 87.4% | 92.4% |
| Debt | 9.1% | 0.0% |
| Cash and others | 3.5% | 7.6% |
Market cap of stocks
| Market cap | Axis Quant | Nippon India Quant |
|---|---|---|
| Large Cap | 76.0% | 76.5% |
| Mid Cap | 11.4% | 15.8% |
| Small Cap | 0.0% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Quant | Nippon India Quant |
|---|---|---|
| Finance | 20.2% | 9.4% |
| Banks | 6.4% | 14.6% |
| Retailing | 0.0% | 10.9% |
| Petroleum Products | 10.5% | 3.6% |
| Automobiles | 10.3% | 9.7% |
| IT - Software | 9.4% | 3.0% |
| Realty | 8.5% | 2.9% |
| Consumer Durables | 0.0% | 5.1% |
| Power | 0.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Quant vs Nippon India Quant: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Quant Fund | Nippon India Quant Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.72% | 0.84% |
| Base expense ratio (Direct) | 0.84% | 0.45% |
| Total expense ratio (Regular) | 4.11% | 1.27% |
| Base expense ratio (Regular) | 2.03% | 0.82% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Quant with
Axis Quant Fund vs Nippon India Quant Fund: Frequently Asked Questions
What is the difference between Axis Quant Fund and Nippon India Quant Fund?
Axis Quant Fund is a Thematic fund, Nippon India Quant Fund is a Thematic fund, run by Axis Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 30.5%. Axis Quant Fund charges 2.72% a year and Nippon India Quant Fund 0.84%.
Which has given higher returns, Axis Quant Fund or Nippon India Quant Fund?
Over 1 year: Axis Quant Fund −6.59%, Nippon India Quant Fund −5.85%. Over 3 years: Axis Quant Fund +7.21% a year, Nippon India Quant Fund +12.91% a year. Over 5 years: Axis Quant Fund +7.35% a year, Nippon India Quant Fund +11.97% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Quant Fund or Nippon India Quant Fund?
Nippon India Quant Fund charges less: 0.84% a year against 2.72%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Quant Fund and Nippon India Quant Fund overlap?
30.5%. They hold 11 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, INDIGO. From each fund's latest monthly portfolio.
Which is riskier, Axis Quant Fund or Nippon India Quant Fund?
On SEBI's riskometer, Axis Quant Fund is rated Very High and Nippon India Quant Fund Very High. Over 3 years, the standard deviation of daily returns was 14.51% and 14.95% a year.
Which is better for SIP, Axis Quant Fund or Nippon India Quant Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,99,656 in Axis Quant Fund (XIRR 5.3% a year) and ₹7,90,897 in Nippon India Quant Fund (XIRR 10.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Quant Fund and Nippon India Quant Fund?
Yes. 30.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Quant Fund and Nippon India Quant Fund?
Axis Quant Fund: Nandik Malik, Krishnaa N. Nippon India Quant Fund: Shirish Guthe.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.