Quant ELSS Tax Saver Fund vs Quant Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Quant ELSS Tax Saver Fund is an ELSS fund and Quant Mid Cap Fund is a Mid Cap fund. In the 3 years to 30-10-2026, Quant ELSS Tax Saver Fund (Direct) returned 14.4% a year and Quant Mid Cap Fund (Direct) returned 10.2% a year. Quant ELSS Tax Saver Fund charges 1.23% a year and Quant Mid Cap Fund 1.16% (Direct plans). Their portfolios overlap 39.3%: they hold 12 of the same securities.
Quant ELSS Tax Saver Fund
ELSS
- 3 year return
- 14.4%
- Expense ratio
- 1.23%
- NAV
- ₹442.06
Which is better, Quant ELSS Tax Saver or Quant Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Quant Mid Cap returned more over 5 years: 14.3% a year against 14.1%.
- Quant ELSS Tax Saver returned more over 3 years: 14.4% a year against 10.2%.
- Quant Mid Cap costs less: 1.16% a year against 1.23% (Direct plans).
- Quant ELSS Tax Saver swung less over 3 years: a standard deviation of 16.6% a year against 16.9%.
- Quant Mid Cap fell less in its worst fall since 07-01-2013: −33.4% against −36.1%.
- Quant ELSS Tax Saver holds more in large companies: 60.5% of the fund in large caps against 14.0%.
- Quant ELSS Tax Saver is the larger fund: ₹13,103 Cr against ₹7,654 Cr.
- Their portfolios overlap 39.3%: 12 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 ELSS Tax Saver Fund | Quant Mid Cap Fund |
|---|---|---|
| Fund house | quant Mutual Fund | quant Mutual Fund |
| Category | ELSS | Mid Cap |
| AUM | ₹13,103 Cr (30-09-2026) | ₹7,654 Cr (30-09-2026) |
| NAV | ₹442.06 (Direct) | ₹236.19 (Direct) |
| Expense ratio (Direct) | 1.23% | 1.16% |
| Expense ratio (Regular) | 2.16% | 2.19% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty Midcap 150 TRI |
| Launch date | 04-01-2001 | 20-03-2001 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | None |
| Fund managers | Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma | Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma |
| Exit load | Nil | Exit load of 0.50% if redeemed within 3 months. |
Quant ELSS Tax Saver vs Quant Mid Cap: 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 ELSS Tax Saver Fund (Direct) | −2.38% | −3.58% | +2.86% | +2.97% | +14.39% | +14.12% | +19.15% |
| Quant Mid Cap Fund (Direct) | −2.24% | −6.13% | −1.81% | −2.23% | +10.22% | +14.29% | +17.61% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 50 ELSS funds and the 34 Mid Cap funds, same plan type.
Quant ELSS Tax Saver vs Quant Mid Cap: Year-wise Returns
| Year | ELSS Tax SaverQuant ELSS Tax Saver | Mid CapQuant Mid Cap |
|---|---|---|
| 2026to date | +4.35% | +0.29% |
| 2025 | +7.93% | −4.46% |
| 2024 | +10.38% | +20.27% |
| 2023 | +32.03% | +36.40% |
| 2022 | +14.18% | +19.94% |
| 2021 | +63.27% | +53.85% |
Quant ELSS Tax Saver vs Quant Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Quant ELSS Tax Saver Fund
Rolling returns
Every 3-year holding period, 2,665 of them, one for each trading day from 07-01-2016 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 ELSS Tax Saver Fund (Direct)
Quant Mid Cap Fund (Direct)
Nifty 500 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 ELSS Tax Saver | 1.4 | 2.5 | 6.0 | 11.1 | 26.6 | 10.1 | 42.4 | 23.4% | 21.4% | −6.6% | 55.8% | 88% |
| Quant Mid Cap | 0.6 | 5.5 | 21.3 | 23.4 | 10.0 | 6.7 | 32.5 | 19.2% | 14.2% | −5.5% | 50.0% | 61% |
| Nifty 500 TRI | 1.9 | 4.3 | 7.8 | 36.9 | 34.8 | 11.3 | 2.9 | 14.7% | 14.9% | −6.3% | 33.5% | -- |
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 500 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 07-01-2013. Past returns do not promise future returns.
Quant ELSS Tax Saver vs Quant Mid Cap: 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 07-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Quant ELSS Tax SaverQuant ELSS Tax Saver Fund (Direct) | ₹16,60,000 | ₹79,11,101 | ₹62,51,101 | 20.5% |
| Quant Mid CapQuant Mid Cap Fund (Direct) | ₹16,60,000 | ₹59,89,251 | ₹43,29,251 | 17.0% |
Quant ELSS Tax SaverQuant ELSS Tax Saver Fund (Direct)
Quant Mid CapQuant Mid Cap 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 ELSS Tax Saver vs Quant Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Quant ELSS Tax Saver Fund (Direct) | Quant Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.97% | −2.23% |
| Standard deviation | 15.92% | 14.25% |
| Sharpe ratio | -0.14 | -0.52 |
| Sortino ratio | -0.20 | -0.72 |
| Maximum drawdown | −12.5% (31-03-2026) | −13.3% (23-03-2026) |
| Beta | 1.02 | 0.78 |
| Alpha | +10.51% | +0.05% |
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 ELSS Tax Saver Fund (Direct) | Quant Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.39% | +10.22% |
| Standard deviation | 16.61% | 16.90% |
| Sharpe ratio | 0.50 | 0.25 |
| Sortino ratio | 0.69 | 0.33 |
| Maximum drawdown | −25.8% (03-03-2025) | −25.9% (04-03-2025) |
| Beta | 1.07 | 0.90 |
| Alpha | +3.90% | −2.82% |
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 | Quant ELSS Tax Saver Fund (Direct) | Quant Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.12% | +14.29% |
| Standard deviation | 17.28% | 17.38% |
| Sharpe ratio | 0.48 | 0.49 |
| Sortino ratio | 0.65 | 0.66 |
| Maximum drawdown | −25.8% (03-03-2025) | −25.9% (04-03-2025) |
| Beta | 1.10 | 0.95 |
| Alpha | +5.00% | +0.88% |
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 | Quant ELSS Tax Saver Fund (Direct) | Quant Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +19.19% | +15.95% |
| Standard deviation | 16.78% | 15.19% |
| Sharpe ratio | 0.78 | 0.65 |
| Sortino ratio | 1.07 | 0.89 |
| Maximum drawdown | −36.1% (23-03-2020) | −33.4% (23-03-2020) |
| Beta | 0.92 | -- |
| Alpha | +6.94% | -- |
From daily NAVs, 07-01-2013 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 ELSS Tax Saver Fund (Direct)
Quant Mid Cap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Quant ELSS Tax Saver Fund (Direct) | −36.1% | 24-01-2020 | 23-03-2020 | 23-07-2020 | 4 months | −5.8% |
| Quant Mid Cap Fund (Direct) | −33.4% | 29-01-2020 | 23-03-2020 | 03-08-2020 | 4 months | −16.0% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 07-01-2013, 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 ELSS Tax Saver Fund (Direct)
Quant Mid Cap Fund (Direct)
Nifty 500 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.
Quant ELSS Tax Saver Fund (Direct)
Quant Mid Cap Fund (Direct)
Nifty 500 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.
Quant ELSS Tax Saver Fund (Direct)
Quant Mid Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Quant ELSS Tax Saver Fund (Direct) | 114% | 86% | 8.29% |
| Quant Mid Cap Fund (Direct) | 89% | 63% | 10.14% |
From month-end values since 07-01-2013. 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 ELSS Tax Saver vs Quant Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Quant ELSS Tax Saver Fund, September 2026; Quant Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 39.3%
- Held by both
- 12
- Only in Quant ELSS Tax Saver
- 22
- Only in Quant Mid Cap
- 22
| Security | % of Quant ELSS Tax Saver | % of Quant Mid Cap |
|---|---|---|
| TREPS 01-Oct-2026 DEPO 10 | 10.52% | 9.46% |
| Aurobindo Pharma Limited | 8.49% | 10.71% |
| LG Electronics India Limited | 4.89% | 5.09% |
| Bharat Heavy Electricals Ltd | 3.73% | 5.03% |
| Premier Energies Limited | 3.46% | 4.59% |
| Adani Energy Solutions Limited | 3.93% | 2.97% |
| Nippon Life India Asset Management Ltd | 1.77% | 4.67% |
| Zydus Lifesciences Limited | 1.60% | 3.13% |
| Lloyds Metals And Energy Limited | 0.94% | 9.04% |
| Sona BLW Precision Forgings Limited | 0.81% | 4.04% |
| Indus Towers Limited | 0.78% | 6.01% |
| Glaxosmithkline Pharmaceuticals Ltd | 0.37% | 3.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.3% means 39.3% 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 ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Samvardhana Motherson International Ltd | 9.37% |
| Adani Power Limited | 9.09% |
| ICICI Prudential AMC Ltd | 7.56% |
| Adani Green Energy Limited | 4.78% |
| Tata Power Company Limited | 4.38% |
Largest holdings only in Quant Mid Cap Fund
| Security | % of fund |
|---|---|
| Tata Communications Limited | 8.49% |
| IRB Infrastructure Developers Limited | 5.70% |
| Linde India Ltd. | 3.55% |
| IPCA Laboratories Ltd | 2.01% |
| Persistent Systems Limited | 1.72% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Quant ELSS Tax Saver | Quant Mid Cap |
|---|---|---|
| Equity | 89.3% | 86.8% |
| Debt | 10.5% | 13.2% |
| Cash and others | 0.2% | 0.0% |
Market cap of stocks
| Market cap | Quant ELSS Tax Saver | Quant Mid Cap |
|---|---|---|
| Large Cap | 60.5% | 14.0% |
| Mid Cap | 23.0% | 64.8% |
| Small Cap | 5.9% | 8.0% |
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 | Quant ELSS Tax Saver | Quant Mid Cap |
|---|---|---|
| N.A. | 89.3% | 86.8% |
The six largest sectors of each fund's stocks, % of the fund.
Quant ELSS Tax Saver vs Quant Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Quant ELSS Tax Saver Fund | Quant Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 1.16% |
| Base expense ratio (Direct) | 0.68% | 0.67% |
| Total expense ratio (Regular) | 2.16% | 2.19% |
| Base expense ratio (Regular) | 1.47% | 1.54% |
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 ELSS Tax Saver with
Quant ELSS Tax Saver Fund vs Quant Mid Cap Fund: Frequently Asked Questions
What is the difference between Quant ELSS Tax Saver Fund and Quant Mid Cap Fund?
Quant ELSS Tax Saver Fund is an ELSS fund, Quant Mid Cap Fund is a Mid Cap fund, run by quant Mutual Fund. Their portfolios overlap 39.3%. Quant ELSS Tax Saver Fund charges 1.23% a year and Quant Mid Cap Fund 1.16%.
Which has given higher returns, Quant ELSS Tax Saver Fund or Quant Mid Cap Fund?
Over 1 year: Quant ELSS Tax Saver Fund +2.97%, Quant Mid Cap Fund −2.23%. Over 3 years: Quant ELSS Tax Saver Fund +14.39% a year, Quant Mid Cap Fund +10.22% a year. Over 5 years: Quant ELSS Tax Saver Fund +14.12% a year, Quant Mid Cap Fund +14.29% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Quant ELSS Tax Saver Fund or Quant Mid Cap Fund?
Quant Mid Cap Fund charges less: 1.16% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Quant ELSS Tax Saver Fund and Quant Mid Cap Fund overlap?
39.3%. They hold 12 of the same securities, the largest shared ones being TREPS 01-Oct-2026 DEPO 10, AUROPHARMA, LGEINDIA. From each fund's latest monthly portfolio.
Which is riskier, Quant ELSS Tax Saver Fund or Quant Mid Cap Fund?
On SEBI's riskometer, Quant ELSS Tax Saver Fund is rated Very High and Quant Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 16.61% and 16.90% a year.
Which is better for SIP, Quant ELSS Tax Saver Fund or Quant Mid Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,31,409 in Quant ELSS Tax Saver Fund (XIRR 12.1% a year) and ₹7,83,505 in Quant Mid Cap Fund (XIRR 9.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Quant ELSS Tax Saver Fund and Quant Mid Cap Fund?
Yes. 39.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Quant ELSS Tax Saver Fund and Quant Mid Cap Fund?
Quant ELSS Tax Saver Fund: Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma. Quant Mid Cap Fund: Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, 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.