Quantum ELSS Tax Saver Fund vs Quantum Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Quantum ELSS Tax Saver Fund is an ELSS fund and Quantum Flexi Cap Fund is a Flexi Cap fund. Quantum ELSS Tax Saver Fund charges 0.95% a year and Quantum Flexi Cap Fund 3.39% (Direct plans). Their portfolios overlap 35.5%: they hold 15 of the same securities.
Which is better, Quantum ELSS Tax Saver or Quantum Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Quantum ELSS Tax Saver costs less: 0.95% a year against 3.39% (Direct plans).
- Quantum ELSS Tax Saver fell less in its worst fall since 10-09-2026: −4.4% against −5.7%.
- Quantum ELSS Tax Saver holds more in large companies: 51.3% of the fund in large caps against 36.9%.
- Quantum ELSS Tax Saver is the larger fund: ₹196 Cr against ₹65 Cr.
- Their portfolios overlap 35.5%: 15 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 | Quantum ELSS Tax Saver Fund | Quantum Flexi Cap Fund |
|---|---|---|
| Fund house | Quantum Mutual Fund | Quantum Mutual Fund |
| Category | ELSS | Flexi Cap |
| AUM | ₹196 Cr (30-09-2026) | ₹65 Cr (30-09-2026) |
| NAV | ₹119.38 (Direct) | ₹9.47 (Direct) |
| Expense ratio (Direct) | 0.95% | 3.39% |
| Expense ratio (Regular) | 2.16% | 5.20% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 23-12-2008 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | 3 years | Not available |
| Fund managers | George Thomas, Christy Mathia, Ketan Gujarathi | Not available |
| Exit load | NIL | Not available |
Quantum ELSS Tax Saver vs Quantum Flexi 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 |
|---|---|---|---|---|---|---|---|
| Quantum ELSS Tax Saver Fund (Direct) | +1.03% | −6.60% | −3.37% | −9.81% | +9.61% | +8.89% | +10.14% |
| Quantum Flexi Cap Fund (Direct) | −2.07% | -- | -- | -- | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Flexi Cap average | −1.62% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 46 Flexi Cap funds, same plan type.
Quantum ELSS Tax Saver vs Quantum Flexi Cap: Year-wise Returns
| Year | ELSS Tax SaverQuantum ELSS Tax Saver | Flexi CapQuantum Flexi Cap | BSE 500 TRI |
|---|---|---|---|
| 2026to date | −10.62% | -- | −7.81% |
| 2025 | +4.76% | -- | +7.63% |
| 2024 | +22.60% | -- | +15.81% |
| 2023 | +27.60% | -- | +26.55% |
| 2022 | +7.73% | -- | +4.77% |
| 2021 | +25.14% | -- | +31.63% |
Quantum ELSS Tax Saver vs Quantum Flexi Cap: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of both
Quantum ELSS Tax Saver vs Quantum Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Quantum ELSS Tax Saver Fund (Direct) | Quantum Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.67% | −32.82% |
| Standard deviation | 14.49% | 10.22% |
| Sharpe ratio | 0.30 | -3.74 |
| Sortino ratio | 0.42 | -4.15 |
| Maximum drawdown | −39.6% (23-03-2020) | −5.7% (23-10-2026) |
| Beta | 0.86 | 0.68 |
| Alpha | +0.26% | −14.69% |
From daily NAVs, 03-01-2011 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.
Quantum ELSS Tax Saver Fund (Direct)
Quantum Flexi Cap Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Quantum ELSS Tax Saver Fund (Direct) | −4.4% | 10-09-2026 | 08-10-2026 | 16-10-2026 | 8 days | −2.3% |
| Quantum Flexi Cap Fund (Direct) | −5.7% | 10-09-2026 | 23-10-2026 | Not yet | -- | −5.3% |
| BSE 500 TRI | −6.6% | 10-09-2026 | 23-10-2026 | Not yet | -- | −4.6% |
From daily values since 10-09-2026, the first day every fund has.
Quantum ELSS Tax Saver vs Quantum Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Quantum ELSS Tax Saver Fund, September 2026; Quantum Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 35.5%
- Held by both
- 15
- Only in Quantum ELSS Tax Saver
- 19
- Only in Quantum Flexi Cap
- 23
| Security | % of Quantum ELSS Tax Saver | % of Quantum Flexi Cap |
|---|---|---|
| ICICI Bank Ltd | 4.88% | 3.98% |
| Kotak Mahindra Bank Ltd | 4.71% | 3.72% |
| Axis Bank Ltd | 3.48% | 3.62% |
| HDFC Bank Ltd | 5.73% | 3.18% |
| Bharti Airtel Ltd | 3.09% | 2.66% |
| State Bank of India | 2.85% | 2.64% |
| Cipla Ltd | 2.99% | 2.36% |
| Star Health And Allied Insurance Company Ltd | 2.93% | 2.17% |
| Container Corporation of India Ltd | 3.10% | 2.13% |
| SBI Cards and Payment Services Ltd | 1.94% | 2.10% |
| HDFC Life Insurance Company Ltd | 3.29% | 1.73% |
| Aditya Birla Sun Life AMC Ltd | 2.15% | 1.73% |
| Infosys Ltd | 3.99% | 1.70% |
| Mahindra & Mahindra Ltd | 1.41% | 3.14% |
| ICICI Lombard General Insurance Company Ltd | 3.04% | 0.68% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.5% means 35.5% 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 Quantum ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Tata Consultancy Services Ltd | 4.43% |
| Exide Industries Ltd | 3.61% |
| Hero MotoCorp Ltd | 3.34% |
| Nuvoco Vistas Corporation Ltd | 3.23% |
| Tech Mahindra Ltd | 3.21% |
Largest holdings only in Quantum Flexi Cap Fund
| Security | % of fund |
|---|---|
| UltraTech Cement Ltd | 2.77% |
| Maruti Suzuki India Ltd | 2.71% |
| PNB Housing Finance Ltd | 2.23% |
| Mahindra & Mahindra Financial Services Ltd | 2.10% |
| GNA Axles Ltd | 2.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Quantum ELSS Tax Saver | Quantum Flexi Cap |
|---|---|---|
| Equity | 95.7% | 74.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.3% | 26.0% |
Market cap of stocks
| Market cap | Quantum ELSS Tax Saver | Quantum Flexi Cap |
|---|---|---|
| Large Cap | 51.3% | 36.9% |
| Mid Cap | 23.5% | 8.5% |
| Small Cap | 20.7% | 28.6% |
| Not on AMFI's list | 0.2% | 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 | Quantum ELSS Tax Saver | Quantum Flexi Cap |
|---|---|---|
| Banks | 23.6% | 18.9% |
| IT - Software | 14.0% | 3.1% |
| Insurance | 12.3% | 4.6% |
| Pharmaceuticals & Biotechnology | 5.9% | 8.2% |
| Finance | 4.6% | 7.3% |
| Automobiles | 6.5% | 5.8% |
| Auto Components | 3.6% | 5.6% |
The six largest sectors of each fund's stocks, % of the fund.
Quantum ELSS Tax Saver vs Quantum Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Quantum ELSS Tax Saver Fund | Quantum Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.95% | 3.39% |
| Base expense ratio (Direct) | 0.76% | 0.47% |
| Total expense ratio (Regular) | 2.16% | 5.20% |
| Base expense ratio (Regular) | 1.78% | 2.00% |
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 Quantum ELSS Tax Saver with
Quantum ELSS Tax Saver Fund vs Quantum Flexi Cap Fund: Frequently Asked Questions
What is the difference between Quantum ELSS Tax Saver Fund and Quantum Flexi Cap Fund?
Quantum ELSS Tax Saver Fund is an ELSS fund, Quantum Flexi Cap Fund is a Flexi Cap fund, run by Quantum Mutual Fund. Their portfolios overlap 35.5%. Quantum ELSS Tax Saver Fund charges 0.95% a year and Quantum Flexi Cap Fund 3.39%.
Which has the lower expense ratio, Quantum ELSS Tax Saver Fund or Quantum Flexi Cap Fund?
Quantum ELSS Tax Saver Fund charges less: 0.95% a year against 3.39%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Quantum ELSS Tax Saver Fund and Quantum Flexi Cap Fund overlap?
35.5%. They hold 15 of the same securities, the largest shared ones being ICICIBANK, KOTAKBANK, AXISBANK. From each fund's latest monthly portfolio.
Can I invest in both Quantum ELSS Tax Saver Fund and Quantum Flexi Cap Fund?
Yes. 35.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.