Quantum Multi Asset Allocation Fund vs Zerodha Nifty 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Quantum Multi Asset Allocation Fund is a Multi Asset fund and Zerodha Nifty 50 Index Fund is an Index fund. In the year to 30-10-2026, Quantum Multi Asset Allocation Fund (Direct) returned −3.0% and Zerodha Nifty 50 Index Fund (Direct) returned −10.3%. Quantum Multi Asset Allocation Fund charges 0.44% a year and Zerodha Nifty 50 Index Fund 0.28% (Direct plans). Their portfolios overlap 33.9%: they hold 29 of the same securities.
Quantum Multi Asset Allocation Fund
Multi Asset
- 1 year return
- −3.0%
- Expense ratio
- 0.44%
- NAV
- ₹11.89
Zerodha Nifty 50 Index Fund
Index
- 1 year return
- −10.3%
- Expense ratio
- 0.28%
- NAV
- ₹9.24
Which is better, Quantum Multi Asset Allocation or Zerodha Nifty 50 Index? 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 −10.3%.
- Zerodha Nifty 50 Index costs less: 0.28% a year against 0.44% (Direct plans).
- Quantum Multi Asset Allocation fell less in its worst fall since 17-10-2025: −10.5% against −15.2%.
- Zerodha Nifty 50 Index holds more in large companies: 99.2% of the fund in large caps against 36.9%.
- Zerodha Nifty 50 Index is the larger fund: ₹75 Cr against ₹54 Cr.
- Their portfolios overlap 33.9%: 29 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 Multi Asset Allocation Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Fund house | Quantum Mutual Fund | Zerodha Mutual Fund |
| Category | Multi Asset | Index |
| AUM | ₹54 Cr (30-09-2026) | ₹75 Cr (30-09-2026) |
| NAV | ₹11.89 (Direct) | ₹9.24 (Direct) |
| Expense ratio (Direct) | 0.44% | 0.28% |
| Expense ratio (Regular) | 2.03% | Not available |
| Riskometer | High | Very High |
| Benchmark | 40% NIFTY 50 TRI + 45% Nifty Composite Debt Index A – III + 15% Domestic Price of Gold | Nifty 50 TRI |
| Launch date | 07-03-2024 | 14-10-2025 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Chirag Mehta, Sneha Pandey, Mansi Vasa | Kedarnath Mirajkar |
| Exit load | 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. | Nil |
Quantum Multi Asset Allocation vs Zerodha Nifty 50 Index: 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 Multi Asset Allocation Fund (Direct) | 0.00% | −3.80% | −2.22% | −3.02% | -- | -- | -- |
| Zerodha Nifty 50 Index Fund (Direct) | +1.95% | −5.00% | −3.12% | −10.25% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Quantum Multi Asset Allocation vs Zerodha Nifty 50 Index: Year-wise Returns
| Year | Quantum Multi Asset AllocationQuantum Multi Asset Allocation | Zerodha Nifty 50 IndexZerodha Nifty 50 Index |
|---|---|---|
| 2026to date | −5.03% | −11.01% |
| 2025 | +14.76% | -- |
Quantum Multi Asset Allocation vs Zerodha Nifty 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of Zerodha Nifty 50 Index Fund
Quantum Multi Asset Allocation vs Zerodha Nifty 50 Index: 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Quantum Multi Asset AllocationQuantum Multi Asset Allocation Fund (Direct) | ₹1,30,000 | ₹1,26,098 | −₹3,902 | −5.2% |
| Zerodha Nifty 50 IndexZerodha Nifty 50 Index Fund (Direct) | ₹1,30,000 | ₹1,23,091 | −₹6,909 | −9.1% |
Quantum Multi Asset AllocationQuantum Multi Asset Allocation Fund (Direct)
Zerodha Nifty 50 IndexZerodha Nifty 50 Index 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 Multi Asset Allocation vs Zerodha Nifty 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Quantum Multi Asset Allocation Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.02% | −10.25% |
| Standard deviation | 9.71% | 13.60% |
| Sharpe ratio | -0.85 | -1.14 |
| Sortino ratio | -1.12 | -1.52 |
| Maximum drawdown | −10.5% (23-03-2026) | −15.2% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.28% |
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 Multi Asset Allocation Fund (Direct) | Zerodha Nifty 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.76% | −9.31% |
| Standard deviation | 7.63% | 13.43% |
| Sharpe ratio | 0.11 | -1.08 |
| Sortino ratio | 0.15 | -1.45 |
| Maximum drawdown | −10.5% (23-03-2026) | −15.2% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.29% |
From daily NAVs, 07-03-2024 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 Multi Asset Allocation Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Quantum Multi Asset Allocation Fund (Direct) | −10.5% | 29-01-2026 | 23-03-2026 | Not yet | -- | −8.3% |
| Zerodha Nifty 50 Index Fund (Direct) | −15.2% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.7% |
| Nifty 50 TRI | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
From daily values since 17-10-2025, 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 Multi Asset Allocation Fund (Direct)
Zerodha Nifty 50 Index Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Quantum Multi Asset Allocation Fund (Direct) | 45% | 38% | 8.32% |
| Zerodha Nifty 50 Index Fund (Direct) | 99% | 100% | 0.15% |
From month-end values since 17-10-2025. 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 Multi Asset Allocation vs Zerodha Nifty 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Quantum Multi Asset Allocation Fund, September 2026; Zerodha Nifty 50 Index Fund, September 2026
Holdings in common
- Overlap
- 33.9%
- Held by both
- 29
- Only in Quantum Multi Asset Allocation
- 18
- Only in Zerodha Nifty 50 Index
- 21
| Security | % of Quantum Multi Asset Allocation | % of Zerodha Nifty 50 Index |
|---|---|---|
| HDFC Bank Ltd | 4.45% | 10.44% |
| ICICI Bank Ltd | 4.44% | 9.10% |
| Kotak Mahindra Bank Ltd | 2.76% | 2.95% |
| Infosys Ltd | 2.46% | 3.37% |
| Axis Bank Ltd | 2.13% | 3.39% |
| Tata Consultancy Services Ltd | 2.63% | 2.01% |
| State Bank of India | 1.88% | 3.81% |
| Bajaj Finance Ltd | 1.34% | 2.52% |
| Bharti Airtel Ltd | 1.27% | 5.13% |
| Tech Mahindra Ltd | 0.83% | 0.93% |
| Mahindra & Mahindra Ltd | 0.78% | 2.53% |
| HCL Technologies Ltd | 0.75% | 1.25% |
| Cipla Ltd | 1.49% | 0.73% |
| Dr. Reddy''s Laboratories Ltd | 1.18% | 0.72% |
| Titan Company Ltd | 0.68% | 1.82% |
| Tata Steel Ltd | 0.68% | 1.47% |
| Bajaj Auto Ltd | 0.66% | 1.14% |
| Hindustan Unilever Ltd | 0.65% | 1.60% |
| Maruti Suzuki India Ltd | 0.63% | 1.49% |
| NTPC Ltd | 0.61% | 1.47% |
| HDFC Life Insurance Company Ltd | 2.02% | 0.54% |
| Bajaj Finserv Ltd | 0.53% | 0.97% |
| Asian Paints Ltd | 0.45% | 1.04% |
| Power Grid Corporation of India Ltd | 0.42% | 1.13% |
| Nestle India Ltd | 0.39% | 0.90% |
| Eicher Motors Ltd | 0.36% | 0.95% |
| SBI Life Insurance Company Ltd | 0.35% | 0.73% |
| Tata Consumer Products Ltd | 0.20% | 0.59% |
| Tata Motors Passenger Vehicles Ltd | 0.17% | 0.57% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.9% means 33.9% 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 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% |
| Nuvoco Vistas Corporation Ltd | 1.93% |
| Container Corporation of India Ltd | 1.90% |
Largest holdings only in Zerodha Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 7.63% |
| Larsen & Toubro Limited | 4.23% |
| ITC Limited | 2.43% |
| Eternal Limited | 2.23% |
| Sun Pharmaceutical Industries Limited | 1.85% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Quantum Multi Asset Allocation | Zerodha Nifty 50 Index |
|---|---|---|
| Equity | 53.8% | 100.6% |
| Debt | 28.2% | 0.0% |
| Cash and others | 18.0% | -0.6% |
Market cap of stocks
| Market cap | Quantum Multi Asset Allocation | Zerodha Nifty 50 Index |
|---|---|---|
| Large Cap | 36.9% | 99.2% |
| Mid Cap | 11.1% | 1.4% |
| Small Cap | 5.7% | 0.0% |
| Not on AMFI's list | 0.1% | 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 Multi Asset Allocation | Zerodha Nifty 50 Index |
|---|---|---|
| Banks | 16.9% | 29.7% |
| Petroleum Products | 0.0% | 7.6% |
| IT - Software | 7.3% | 7.6% |
| Automobiles | 4.4% | 6.7% |
| Finance | 3.9% | 5.5% |
| Telecom - Services | 1.3% | 5.1% |
| Insurance | 5.0% | 1.3% |
| Consumer Durables | 2.9% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Quantum Multi Asset Allocation vs Zerodha Nifty 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Quantum Multi Asset Allocation Fund | Zerodha Nifty 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.44% | 0.28% |
| Base expense ratio (Direct) | 0.34% | 0.10% |
| Total expense ratio (Regular) | 2.03% | Not available |
| Base expense ratio (Regular) | 1.69% | 0.00% |
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
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Quantum Multi Asset Allocation Fund vs Zerodha Nifty 50 Index Fund: Frequently Asked Questions
What is the difference between Quantum Multi Asset Allocation Fund and Zerodha Nifty 50 Index Fund?
Quantum Multi Asset Allocation Fund is a Multi Asset fund, Zerodha Nifty 50 Index Fund is an Index fund, run by Quantum Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 33.9%. Quantum Multi Asset Allocation Fund charges 0.44% a year and Zerodha Nifty 50 Index Fund 0.28%.
Which has given higher returns, Quantum Multi Asset Allocation Fund or Zerodha Nifty 50 Index Fund?
Over 1 year: Quantum Multi Asset Allocation Fund −3.02%, Zerodha Nifty 50 Index Fund −10.25%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Quantum Multi Asset Allocation Fund or Zerodha Nifty 50 Index Fund?
Zerodha Nifty 50 Index Fund charges less: 0.28% a year against 0.44%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Quantum Multi Asset Allocation Fund and Zerodha Nifty 50 Index Fund overlap?
33.9%. They hold 29 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Quantum Multi Asset Allocation Fund or Zerodha Nifty 50 Index Fund?
On SEBI's riskometer, Quantum Multi Asset Allocation Fund is rated High and Zerodha Nifty 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 9.71% and 13.60% a year.
Can I invest in both Quantum Multi Asset Allocation Fund and Zerodha Nifty 50 Index Fund?
Yes. 33.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Quantum Multi Asset Allocation Fund and Zerodha Nifty 50 Index Fund?
Quantum Multi Asset Allocation Fund: Chirag Mehta, Sneha Pandey, Mansi Vasa. Zerodha Nifty 50 Index Fund: Kedarnath Mirajkar.
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.