Quant Value Fund vs Union Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
Quant Value Fund and Union Value Fund are both Value and Contra funds. In the 3 years to 30-10-2026, Quant Value Fund (Direct) returned 19.1% a year and Union Value Fund (Direct) returned 10.9% a year. Quant Value Fund charges 0.92% a year and Union Value Fund 1.51% (Direct plans). Their portfolios overlap 3.2%: they hold 5 of the same securities.
Which is better, Quant Value or Union Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Quant Value returned more over 3 years: 19.1% a year against 10.9%.
- Quant Value returned more over 1 year: 3.2% against −6.9%.
- Quant Value costs less: 0.92% a year against 1.51% (Direct plans).
- Union Value swung less over 3 years: a standard deviation of 14.7% a year against 18.8%.
- Union Value fell less in its worst fall since 01-12-2021: −17.9% against −24.0%.
- Union Value holds more in large companies: 55.5% of the fund in large caps against 40.4%.
- Quant Value is the larger fund: ₹1,917 Cr against ₹378 Cr.
- Their portfolios overlap 3.2%: 5 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 Value Fund | Union Value Fund |
|---|---|---|
| Fund house | quant Mutual Fund | Union Mutual Fund |
| Category | Value and Contra | Value and Contra |
| AUM | ₹1,917 Cr (30-09-2026) | ₹378 Cr (30-09-2026) |
| NAV | ₹22.01 (Direct) | ₹28.96 (Direct) |
| Expense ratio (Direct) | 0.92% | 1.51% |
| Expense ratio (Regular) | 2.46% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 11-06-2023 | 05-12-2018 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma | Vinod Malviya, Gaurav Chopra |
| Exit load | Exit load of 1%, if redeemed within 15 days. | Exit load of 1%, if redeemed within 15 days. |
Quant Value vs Union Value: 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 Value Fund (Direct) | −5.26% | −8.30% | −3.73% | +3.16% | +19.06% | -- | -- |
| Union Value Fund (Direct) | −2.10% | −6.46% | −3.53% | −6.91% | +10.89% | +10.75% | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
Quant Value vs Union Value: Year-wise Returns
| Year | QuantQuant Value | UnionUnion Value |
|---|---|---|
| 2026to date | +4.09% | −6.82% |
| 2025 | +1.39% | +7.95% |
| 2024 | +25.90% | +17.94% |
| 2023 | +39.00% | +34.56% |
| 2022 | +17.29% | +5.90% |
| 2021 | -- | +33.20% |
Quant Value vs Union Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Quant Value Fund
Rolling returns
Every 3-year holding period, 472 of them, one for each trading day from 02-12-2024 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 Value Fund (Direct)
Union Value Fund (Direct)
Nifty 500 TRI
to
Jan 2025May 2022
to
May 2025Sept 2022
to
Sept 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
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 Value | 0.0 | 0.0 | 0.0 | 0.0 | 8.5 | 58.9 | 32.6 | 23.8% | 23.3% | 17.6% | 32.3% | 100% |
| Union Value | 0.0 | 0.0 | 0.0 | 15.3 | 62.3 | 22.2 | 0.2 | 18.0% | 18.5% | 10.2% | 25.3% | 100% |
| Nifty 500 TRI | 0.0 | 0.0 | 4.0 | 37.9 | 51.9 | 6.1 | 0.0 | 15.3% | 15.4% | 8.8% | 22.3% | -- |
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 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 01-12-2021. Past returns do not promise future returns.
Quant Value vs Union Value: 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 01-12-2021 to 30-10-2026: 59 instalments, ₹5,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Quant ValueQuant Value Fund (Direct) | ₹5,90,000 | ₹8,45,923 | ₹2,55,923 | 14.7% |
| Union ValueUnion Value Fund (Direct) | ₹5,90,000 | ₹7,40,038 | ₹1,50,038 | 9.2% |
Quant ValueQuant Value Fund (Direct)
Union ValueUnion Value 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 Value vs Union Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Quant Value Fund (Direct) | Union Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.16% | −6.91% |
| Standard deviation | 18.26% | 14.74% |
| Sharpe ratio | -0.11 | -0.82 |
| Sortino ratio | -0.15 | -1.10 |
| Maximum drawdown | −13.9% (23-10-2026) | −12.8% (31-03-2026) |
| Beta | 1.07 | 1.01 |
| Alpha | +11.35% | +0.85% |
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 Value Fund (Direct) | Union Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +19.06% | +10.89% |
| Standard deviation | 18.80% | 14.66% |
| Sharpe ratio | 0.69 | 0.33 |
| Sortino ratio | 0.94 | 0.44 |
| Maximum drawdown | −24.0% (03-03-2025) | −17.9% (03-03-2025) |
| Beta | 1.15 | 1.00 |
| Alpha | +8.20% | +0.98% |
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 Value Fund (Direct) | Union Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.32% | +14.30% |
| Standard deviation | 19.26% | 16.90% |
| Sharpe ratio | 0.60 | 0.54 |
| Sortino ratio | 0.80 | 0.72 |
| Maximum drawdown | −24.0% (03-03-2025) | −37.7% (23-03-2020) |
| Beta | 1.16 | 0.97 |
| Alpha | +7.33% | +1.44% |
From daily NAVs, 01-12-2021 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.
Quant Value Fund (Direct)
Union Value 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 Value Fund (Direct) | −24.0% | 31-07-2024 | 03-03-2025 | 05-05-2026 | 14 months | −11.9% |
| Union Value Fund (Direct) | −17.9% | 23-09-2024 | 03-03-2025 | 10-07-2025 | 4 months | −8.5% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 01-12-2021, 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.
Quant Value Fund (Direct)
Union Value 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 Value Fund (Direct)
Union Value Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Quant Value Fund (Direct) | 134% | 103% | 10.55% |
| Union Value Fund (Direct) | 98% | 84% | 3.89% |
From month-end values since 01-12-2021. 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.
Quant Value vs Union Value: Portfolio Overlap
From each fund's latest monthly portfolio: Quant Value Fund, September 2026; Union Value Fund, September 2026
Holdings in common
- Overlap
- 3.2%
- Held by both
- 5
- Only in Quant Value
- 28
- Only in Union Value
- 66
| Security | % of Quant Value | % of Union Value |
|---|---|---|
| Nippon Life India Asset Management Ltd | 2.76% | 1.67% |
| Adani Enterprises Limited | 9.32% | 0.88% |
| Bharat Heavy Electricals Ltd | 4.68% | 0.55% |
| 91 Days Treasury Bill 24-Dec-2026 | 0.77% | 0.05% |
| 91 Days Treasury Bill 01-Oct-2026 | 0.26% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 3.2% means 3.2% 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 Value Fund
| Security | % of fund |
|---|---|
| TREPS 01-Oct-2026 DEPO 10 | 15.73% |
| Piramal Finance Ltd | 9.13% |
| Adani Green Energy Limited | 8.18% |
| Indus Towers Limited | 7.31% |
| Adani Power Limited | 7.13% |
Largest holdings only in Union Value Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 6.44% |
| HDFC Bank Ltd. | 4.12% |
| Reliance Industries Ltd. | 3.75% |
| Axis Bank Ltd. | 3.21% |
| Bharti Airtel Ltd. | 2.98% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Quant Value | Union Value |
|---|---|---|
| Equity | 76.7% | 96.3% |
| Debt | 23.4% | 0.1% |
| Cash and others | -0.1% | 3.6% |
Market cap of stocks
| Market cap | Quant Value | Union Value |
|---|---|---|
| Large Cap | 40.4% | 55.5% |
| Mid Cap | 16.2% | 14.6% |
| Small Cap | 20.1% | 25.4% |
| Not on AMFI's list | 0.0% | 0.8% |
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 Value | Union Value |
|---|---|---|
| N.A. | 76.7% | 0.0% |
| Banks | 0.0% | 21.1% |
| IT - Software | 0.0% | 6.9% |
| Pharmaceuticals & Biotechnology | 0.0% | 5.6% |
| Construction | 0.0% | 5.6% |
| Petroleum Products | 0.0% | 4.5% |
| Auto Components | 0.0% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Quant Value vs Union Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Quant Value Fund | Union Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.92% | 1.51% |
| Base expense ratio (Direct) | 0.48% | 1.08% |
| Total expense ratio (Regular) | 2.46% | 2.56% |
| Base expense ratio (Regular) | 1.78% | 2.10% |
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
Quant Value Fund vs Union Value Fund: Frequently Asked Questions
What is the difference between Quant Value Fund and Union Value Fund?
Both are Value and Contra funds, run by quant Mutual Fund and Union Mutual Fund. Their portfolios overlap 3.2%. Quant Value Fund charges 0.92% a year and Union Value Fund 1.51%.
Which has given higher returns, Quant Value Fund or Union Value Fund?
Over 1 year: Quant Value Fund +3.16%, Union Value Fund −6.91%. Over 3 years: Quant Value Fund +19.06% a year, Union Value Fund +10.89% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Quant Value Fund or Union Value Fund?
Quant Value Fund charges less: 0.92% a year against 1.51%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Quant Value Fund and Union Value Fund overlap?
3.2%. They hold 5 of the same securities, the largest shared ones being NAM-INDIA, ADANIENT, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Quant Value Fund or Union Value Fund?
On SEBI's riskometer, Quant Value Fund is rated Very High and Union Value Fund Very High. Over 3 years, the standard deviation of daily returns was 18.80% and 14.66% a year.
Which is better for SIP, Quant Value Fund or Union Value Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,05,667 in Quant Value Fund (XIRR 5.9% a year) and ₹3,81,894 in Union Value Fund (XIRR 2.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Quant Value Fund and Union Value Fund?
Yes. 3.2% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Quant Value Fund and Union Value Fund?
Quant Value Fund: Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma. Union Value Fund: Vinod Malviya, Gaurav Chopra.
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.