Quantum ELSS Tax Saver Fund vs Quantum Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Quantum ELSS Tax Saver Fund is an ELSS fund and Quantum Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Quantum ELSS Tax Saver Fund (Direct) returned −9.8% and Quantum Multi Asset Allocation Fund (Direct) returned −3.0%. Quantum ELSS Tax Saver Fund charges 0.95% a year and Quantum Multi Asset Allocation Fund 0.44% (Direct plans). Their portfolios overlap 45.7%: they hold 28 of the same securities.
Quantum ELSS Tax Saver Fund
ELSS
- 1 year return
- −9.8%
- Expense ratio
- 0.95%
- NAV
- ₹119.38
Quantum Multi Asset Allocation Fund
Multi Asset
- 1 year return
- −3.0%
- Expense ratio
- 0.44%
- NAV
- ₹11.89
Which is better, Quantum ELSS Tax Saver or Quantum Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Quantum Multi Asset Allocation returned more over 1 year: −3.0% against −9.8%.
- Quantum Multi Asset Allocation costs less: 0.44% a year against 0.95% (Direct plans).
- Quantum Multi Asset Allocation fell less in its worst fall since 07-03-2024: −10.5% against −15.7%.
- 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 ₹54 Cr.
- Their portfolios overlap 45.7%: 28 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 Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Quantum Mutual Fund | Quantum Mutual Fund |
| Category | ELSS | Multi Asset |
| AUM | ₹196 Cr (30-09-2026) | ₹54 Cr (30-09-2026) |
| NAV | ₹119.38 (Direct) | ₹11.89 (Direct) |
| Expense ratio (Direct) | 0.95% | 0.44% |
| Expense ratio (Regular) | 2.16% | 2.03% |
| Riskometer | Very High | High |
| Benchmark | BSE 500 TRI | 40% NIFTY 50 TRI + 45% Nifty Composite Debt Index A – III + 15% Domestic Price of Gold |
| Launch date | 23-12-2008 | 07-03-2024 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | 3 years | None |
| Fund managers | George Thomas, Christy Mathia, Ketan Gujarathi | Chirag Mehta, Sneha Pandey, Mansi Vasa |
| Exit load | NIL | NIL - if redeemed or switch out after 90 days from the date of allotment of units, 1.00% - if redeemed or switch out on or before 90 days from the date of allotment of units. |
Quantum ELSS Tax Saver vs Quantum Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) | 0.00% | −3.80% | −2.22% | −3.02% | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 37 Multi Asset funds, same plan type.
Quantum ELSS Tax Saver vs Quantum Multi Asset Allocation: Year-wise Returns
| Year | ELSS Tax SaverQuantum ELSS Tax Saver | Multi Asset AllocationQuantum Multi Asset Allocation |
|---|---|---|
| 2026to date | −10.62% | −5.03% |
| 2025 | +4.76% | +14.76% |
| 2024 | +22.60% | -- |
| 2023 | +27.60% | -- |
| 2022 | +7.73% | -- |
| 2021 | +25.14% | -- |
Quantum ELSS Tax Saver vs Quantum Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Quantum ELSS Tax Saver Fund
Rolling returns
Every 1-year holding period, 405 of them, one for each trading day from 07-03-2025 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.
Quantum ELSS Tax Saver Fund (Direct)
Quantum Multi Asset Allocation Fund (Direct)
BSE 500 TRI
to
Apr 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quantum ELSS Tax Saver | 41.0 | 30.1 | 17.8 | 11.1 | 0.0 | 0.0 | 0.0 | 1.4% | 1.7% | −11.4% | 14.4% | 38% |
| Quantum Multi Asset Allocation | 4.9 | 16.3 | 33.6 | 36.0 | 9.1 | 0.0 | 0.0 | 8.9% | 9.2% | −4.2% | 18.3% | 100% |
| BSE 500 TRI | 29.6 | 32.1 | 31.1 | 6.2 | 1.0 | 0.0 | 0.0 | 3.2% | 3.0% | −9.2% | 15.7% | -- |
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 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 07-03-2024. Past returns do not promise future returns.
Quantum ELSS Tax Saver vs Quantum Multi Asset Allocation: 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 01-03-2024 to 30-10-2026: 32 instalments, ₹3,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Quantum ELSS Tax SaverQuantum ELSS Tax Saver Fund (Direct) | ₹3,20,000 | ₹3,05,488 | −₹14,512 | −3.4% |
| Quantum Multi Asset AllocationQuantum Multi Asset Allocation Fund (Direct) | ₹3,20,000 | ₹3,32,533 | ₹12,533 | 2.8% |
Quantum ELSS Tax SaverQuantum ELSS Tax Saver Fund (Direct)
Quantum Multi Asset AllocationQuantum Multi Asset Allocation 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.
Quantum ELSS Tax Saver vs Quantum Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.81% | −3.02% |
| Standard deviation | 12.99% | 9.71% |
| Sharpe ratio | -1.16 | -0.85 |
| Sortino ratio | -1.53 | -1.12 |
| Maximum drawdown | −15.7% (30-03-2026) | −10.5% (23-03-2026) |
| Beta | 0.86 | -- |
| Alpha | −3.97% | -- |
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 | Quantum ELSS Tax Saver Fund (Direct) | Quantum Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.67% | +6.76% |
| Standard deviation | 14.49% | 7.63% |
| Sharpe ratio | 0.30 | 0.11 |
| Sortino ratio | 0.42 | 0.15 |
| Maximum drawdown | −39.6% (23-03-2020) | −10.5% (23-03-2026) |
| Beta | 0.86 | -- |
| Alpha | +0.26% | -- |
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 Multi Asset Allocation 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) | −15.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| Quantum Multi Asset Allocation Fund (Direct) | −10.5% | 29-01-2026 | 23-03-2026 | Not yet | -- | −8.3% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 07-03-2024, 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.
Quantum ELSS Tax Saver Fund (Direct)
Quantum Multi Asset Allocation Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Quantum ELSS Tax Saver Fund (Direct) | 80% | 79% | 4.77% |
| Quantum Multi Asset Allocation Fund (Direct) | 55% | 30% | 9.50% |
From month-end values since 07-03-2024. 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.
Quantum ELSS Tax Saver vs Quantum Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Quantum ELSS Tax Saver Fund, September 2026; Quantum Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 45.7%
- Held by both
- 28
- Only in Quantum ELSS Tax Saver
- 6
- Only in Quantum Multi Asset Allocation
- 19
| Security | % of Quantum ELSS Tax Saver | % of Quantum Multi Asset Allocation |
|---|---|---|
| HDFC Bank Ltd | 5.73% | 4.45% |
| ICICI Bank Ltd | 4.88% | 4.44% |
| Kotak Mahindra Bank Ltd | 4.71% | 2.76% |
| Tata Consultancy Services Ltd | 4.43% | 2.63% |
| Infosys Ltd | 3.99% | 2.46% |
| Axis Bank Ltd | 3.48% | 2.13% |
| HDFC Life Insurance Company Ltd | 3.29% | 2.02% |
| Nuvoco Vistas Corporation Ltd | 3.23% | 1.93% |
| Container Corporation of India Ltd | 3.10% | 1.90% |
| State Bank of India | 2.85% | 1.88% |
| ICICI Prudential Life Insurance Company Ltd | 3.02% | 1.87% |
| Hero MotoCorp Ltd | 3.34% | 1.80% |
| Crompton Greaves Consumer Electricals Ltd | 2.99% | 1.78% |
| Godrej Properties Ltd | 2.16% | 1.74% |
| Cipla Ltd | 2.99% | 1.49% |
| SBI Cards and Payment Services Ltd | 1.94% | 1.29% |
| Bharti Airtel Ltd | 3.09% | 1.27% |
| IndusInd Bank Ltd | 1.97% | 1.27% |
| Dr. Reddy''s Laboratories Ltd | 2.91% | 1.18% |
| Tech Mahindra Ltd | 3.21% | 0.83% |
| Star Health And Allied Insurance Company Ltd | 2.93% | 0.78% |
| Mahindra & Mahindra Ltd | 1.41% | 0.78% |
| LIC Housing Finance Ltd | 2.70% | 0.70% |
| Wipro Ltd | 2.38% | 0.67% |
| Bajaj Auto Ltd | 1.71% | 0.66% |
| Gujarat Energy Ltd | 1.21% | 0.55% |
| Tata Steel Ltd | 0.33% | 0.68% |
| GSPL Transmission Ltd | 0.24% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.7% means 45.7% 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 |
|---|---|
| Exide Industries Ltd | 3.61% |
| ICICI Lombard General Insurance Company Ltd | 3.04% |
| GAIL (India) Ltd | 2.81% |
| Aditya Birla Sun Life AMC Ltd | 2.15% |
| Dabur India Ltd | 1.99% |
Largest holdings only in Quantum Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.89% Tamilnadu SDL (MD 19/09/2028) | 18.33% |
| Quantum Gold ETF | 17.01% |
| 6.55% Tamilnadu SDL (MD 19/11/2029) | 9.01% |
| Bajaj Finance Ltd | 1.34% |
| 7.33% GOI (MD 30/10/2026) | 0.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Quantum ELSS Tax Saver | Quantum Multi Asset Allocation |
|---|---|---|
| Equity | 95.7% | 53.8% |
| Debt | 0.0% | 28.2% |
| Cash and others | 4.3% | 18.0% |
Market cap of stocks
| Market cap | Quantum ELSS Tax Saver | Quantum Multi Asset Allocation |
|---|---|---|
| Large Cap | 51.3% | 36.9% |
| Mid Cap | 23.5% | 11.1% |
| Small Cap | 20.7% | 5.7% |
| Not on AMFI's list | 0.2% | 0.1% |
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 Multi Asset Allocation |
|---|---|---|
| Banks | 23.6% | 16.9% |
| IT - Software | 14.0% | 7.3% |
| Insurance | 12.3% | 5.0% |
| Automobiles | 6.5% | 4.4% |
| Pharmaceuticals & Biotechnology | 5.9% | 2.7% |
| Finance | 4.6% | 3.9% |
| Consumer Durables | 3.0% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Quantum ELSS Tax Saver vs Quantum Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Quantum ELSS Tax Saver Fund | Quantum Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.95% | 0.44% |
| Base expense ratio (Direct) | 0.76% | 0.34% |
| Total expense ratio (Regular) | 2.16% | 2.03% |
| Base expense ratio (Regular) | 1.78% | 1.69% |
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
Compare Quantum Multi Asset Allocation with
- Quantum Multi Asset Allocation vs Quant Multi Asset Allocation
- Quantum Multi Asset Allocation vs Nippon India Multi Asset Allocation
- Quantum Multi Asset Allocation vs DSP Multi Asset Allocation
- Quantum Multi Asset Allocation vs Kotak Multi Asset Allocation
- Quantum Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Quantum ELSS Tax Saver Fund vs Quantum Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Quantum ELSS Tax Saver Fund and Quantum Multi Asset Allocation Fund?
Quantum ELSS Tax Saver Fund is an ELSS fund, Quantum Multi Asset Allocation Fund is a Multi Asset fund, run by Quantum Mutual Fund. Their portfolios overlap 45.7%. Quantum ELSS Tax Saver Fund charges 0.95% a year and Quantum Multi Asset Allocation Fund 0.44%.
Which has given higher returns, Quantum ELSS Tax Saver Fund or Quantum Multi Asset Allocation Fund?
Over 1 year: Quantum ELSS Tax Saver Fund −9.81%, Quantum Multi Asset Allocation Fund −3.02%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Quantum ELSS Tax Saver Fund or Quantum Multi Asset Allocation Fund?
Quantum Multi Asset Allocation Fund charges less: 0.44% a year against 0.95%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Quantum ELSS Tax Saver Fund and Quantum Multi Asset Allocation Fund overlap?
45.7%. They hold 28 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Quantum ELSS Tax Saver Fund or Quantum Multi Asset Allocation Fund?
On SEBI's riskometer, Quantum ELSS Tax Saver Fund is rated Very High and Quantum Multi Asset Allocation Fund High. Over 1 years, the standard deviation of daily returns was 12.99% and 9.71% a year.
Can I invest in both Quantum ELSS Tax Saver Fund and Quantum Multi Asset Allocation Fund?
Yes. 45.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Quantum ELSS Tax Saver Fund and Quantum Multi Asset Allocation Fund?
Quantum ELSS Tax Saver Fund: George Thomas, Christy Mathia, Ketan Gujarathi. Quantum Multi Asset Allocation Fund: Chirag Mehta, Sneha Pandey, Mansi Vasa.
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.