quant BFSI Fund vs quant Momentum Fund
Direct Plan, Growth option · Data as on 30-10-2026
quant BFSI Fund is a Thematic fund and quant Momentum Fund is a Thematic fund. In the year to 30-10-2026, quant BFSI Fund (Direct) returned −0.3% and quant Momentum Fund (Direct) returned 1.5%. quant BFSI Fund charges 2.03% a year and quant Momentum Fund 1.80% (Direct plans). Their portfolios overlap 28.3%: they hold 13 of the same securities.
Which is better, quant BFSI or quant Momentum? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- quant Momentum returned more over 1 year: 1.5% against −0.3%.
- quant Momentum costs less: 1.80% a year against 2.03% (Direct plans).
- quant BFSI fell less in its worst fall since 21-11-2023: −22.3% against −22.7%.
- quant Momentum holds more in large companies: 48.2% of the fund in large caps against 21.8%.
- quant Momentum is the larger fund: ₹1,269 Cr against ₹894 Cr.
- Their portfolios overlap 28.3%: 13 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 | quant BFSI Fund | quant Momentum Fund |
|---|---|---|
| Fund house | quant Mutual Fund | quant Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹894 Cr (30-09-2026) | ₹1,269 Cr (30-09-2026) |
| NAV | ₹19.14 (Direct) | ₹14.75 (Direct) |
| Expense ratio (Direct) | 2.03% | 1.80% |
| Expense ratio (Regular) | 3.59% | 2.98% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty 500 TRI |
| Launch date | 06-08-2024 | 11-08-2024 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma | Sandeep Tandon, Ankit Pande, Sameer Kate, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sanjeev Sharma |
| Exit load | Exit load of 1%, if redeemed within 15 days. | Exit load of 1%, if redeemed within 15 days. |
quant BFSI vs quant Momentum: 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 |
|---|---|---|---|---|---|---|---|
| quant BFSI Fund (Direct) | −8.20% | −10.98% | −2.68% | −0.26% | +17.63% | -- | -- |
| quant Momentum Fund (Direct) | −3.03% | −6.55% | −1.06% | +1.54% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
quant BFSI vs quant Momentum: Year-wise Returns
| Year | BFSIquant BFSI | Momentumquant Momentum |
|---|---|---|
| 2026to date | −5.13% | −0.35% |
| 2025 | +26.50% | +3.56% |
| 2024 | +14.77% | +26.44% |
quant BFSI vs quant Momentum: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of quant BFSI Fund
Rolling returns
Every 1-year holding period, 479 of them, one for each trading day from 21-11-2024 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.
quant BFSI Fund (Direct)
quant Momentum Fund (Direct)
Nifty Financial Services TRI
to
Jan 2025May 2024
to
May 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| quant BFSI | 15.7 | 18.2 | 7.3 | 4.8 | 20.3 | 16.1 | 17.7 | 13.4% | 17.0% | −12.8% | 38.4% | 60% |
| quant Momentum | 37.2 | 19.4 | 24.4 | 10.2 | 1.3 | 1.0 | 6.5 | 4.2% | 3.7% | −14.3% | 48.8% | 38% |
| Nifty Financial Services TRI | 18.2 | 12.5 | 6.1 | 21.5 | 23.6 | 16.9 | 1.3 | 11.0% | 13.6% | −10.9% | 26.9% | -- |
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 Nifty Financial Services 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 21-11-2023. Past returns do not promise future returns.
quant BFSI vs quant Momentum: 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 01-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| quant BFSIquant BFSI Fund (Direct) | ₹3,60,000 | ₹4,02,176 | ₹42,176 | 7.4% |
| quant Momentumquant Momentum Fund (Direct) | ₹3,60,000 | ₹3,75,855 | ₹15,855 | 2.8% |
quant BFSIquant BFSI Fund (Direct)
quant Momentumquant Momentum 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.
quant BFSI vs quant Momentum: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | quant BFSI Fund (Direct) | quant Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.26% | +1.54% |
| Standard deviation | 18.22% | 15.51% |
| Sharpe ratio | -0.30 | -0.24 |
| Sortino ratio | -0.42 | -0.32 |
| Maximum drawdown | −15.4% (23-03-2026) | −14.4% (30-03-2026) |
| Beta | 0.85 | 0.94 |
| Alpha | +6.47% | +8.10% |
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 | quant BFSI Fund (Direct) | quant Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.28% | +14.06% |
| Standard deviation | 18.46% | 17.02% |
| Sharpe ratio | 0.82 | 0.47 |
| Sortino ratio | 1.13 | 0.65 |
| Maximum drawdown | −22.3% (03-03-2025) | −22.7% (28-02-2025) |
| Beta | 0.86 | 1.05 |
| Alpha | +13.47% | +5.25% |
From daily NAVs, 21-06-2023 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.
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.
quant BFSI Fund (Direct)
quant Momentum Fund (Direct)
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| quant BFSI Fund (Direct) | −22.3% | 27-09-2024 | 03-03-2025 | 14-07-2025 | 4 months | −13.8% |
| quant Momentum Fund (Direct) | −22.7% | 27-09-2024 | 28-02-2025 | Not yet | -- | −10.3% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 21-11-2023, 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.
quant BFSI Fund (Direct)
quant Momentum Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| quant BFSI Fund (Direct) | 94% | 45% | 15.47% |
| quant Momentum Fund (Direct) | 98% | 59% | 15.26% |
From month-end values since 21-11-2023. 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.
quant BFSI vs quant Momentum: Portfolio Overlap
From each fund's latest monthly portfolio: quant BFSI Fund, September 2026; quant Momentum Fund, September 2026
Holdings in common
- Overlap
- 28.3%
- Held by both
- 13
- Only in quant BFSI
- 9
- Only in quant Momentum
- 10
| Security | % of quant BFSI | % of quant Momentum |
|---|---|---|
| Piramal Finance Ltd | 9.05% | 8.83% |
| TREPS 01-Oct-2026 DEPO 10 | 8.17% | 18.47% |
| Life Insurance Corporation Of India | 9.52% | 3.84% |
| 91 Days Treasury Bill 22-Oct-2026 | 0.78% | 0.79% |
| 91 Days Treasury Bill 29-Oct-2026 | 0.78% | 0.78% |
| 91 Days Treasury Bill 27-Nov-2026 | 0.78% | 0.78% |
| 91 Days Treasury Bill 10-Dec-2026 | 0.78% | 0.78% |
| 91 Days Treasury Bill 24-Dec-2026 | 0.77% | 0.78% |
| 91 Days Treasury Bill 05-Nov-2026 | 0.72% | 0.78% |
| 91 Days Treasury Bill 19-Nov-2026 | 0.72% | 0.78% |
| 91 Days Treasury Bill 03-Dec-2026 | 0.72% | 0.78% |
| 91 Days Treasury Bill 17-Dec-2026 | 0.72% | 0.78% |
| 91 Days Treasury Bill 15-Oct-2026 | 0.67% | 0.79% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.3% means 28.3% 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 quant BFSI Fund
| Security | % of fund |
|---|---|
| ICICI Prudential AMC Ltd | 10.28% |
| Capri Global Capital Limited | 9.60% |
| LIC Housing Finance Ltd | 9.18% |
| Nippon Life India Asset Management Ltd | 9.12% |
| Manappuram Finance Ltd | 8.67% |
Largest holdings only in quant Momentum Fund
| Security | % of fund |
|---|---|
| Indus Towers Limited | 9.39% |
| Aurobindo Pharma Limited | 9.34% |
| Adani Enterprises Limited | 9.06% |
| Adani Green Energy Limited | 8.33% |
| Reliance Industries Limited | 6.71% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | quant BFSI | quant Momentum |
|---|---|---|
| Equity | 78.7% | 73.9% |
| Debt | 15.6% | 26.3% |
| Cash and others | 5.6% | -0.2% |
Market cap of stocks
| Market cap | quant BFSI | quant Momentum |
|---|---|---|
| Large Cap | 21.8% | 48.2% |
| Mid Cap | 19.3% | 18.2% |
| Small Cap | 37.6% | 7.5% |
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 | quant BFSI | quant Momentum |
|---|---|---|
| N.A. | 78.7% | 73.9% |
The six largest sectors of each fund's stocks, % of the fund.
quant BFSI vs quant Momentum: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | quant BFSI Fund | quant Momentum Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.03% | 1.80% |
| Base expense ratio (Direct) | 0.68% | 0.87% |
| Total expense ratio (Regular) | 3.59% | 2.98% |
| Base expense ratio (Regular) | 2.00% | 1.87% |
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 quant BFSI with
quant BFSI Fund vs quant Momentum Fund: Frequently Asked Questions
What is the difference between quant BFSI Fund and quant Momentum Fund?
quant BFSI Fund is a Thematic fund, quant Momentum Fund is a Thematic fund, run by quant Mutual Fund. Their portfolios overlap 28.3%. quant BFSI Fund charges 2.03% a year and quant Momentum Fund 1.80%.
Which has given higher returns, quant BFSI Fund or quant Momentum Fund?
Over 1 year: quant BFSI Fund −0.26%, quant Momentum Fund +1.54%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, quant BFSI Fund or quant Momentum Fund?
quant Momentum Fund charges less: 1.80% a year against 2.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do quant BFSI Fund and quant Momentum Fund overlap?
28.3%. They hold 13 of the same securities, the largest shared ones being PIRAMALFIN, TREPS 01-Oct-2026 DEPO 10, LICI. From each fund's latest monthly portfolio.
Which is riskier, quant BFSI Fund or quant Momentum Fund?
On SEBI's riskometer, quant BFSI Fund is rated Very High and quant Momentum Fund Very High. Over 1 years, the standard deviation of daily returns was 18.22% and 15.51% a year.
Can I invest in both quant BFSI Fund and quant Momentum Fund?
Yes. 28.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages quant BFSI Fund and quant Momentum Fund?
quant BFSI Fund: Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma. quant Momentum Fund: Sandeep Tandon, Ankit Pande, Sameer Kate, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sanjeev Sharma.
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.