What are the hits and misses of the Union Budget 2022-23? What is the impact on asset outlook for equity, debt and gold? Explore answers to these questions from the webinar deck on ‘Decoding the budget and its impact on your investments’ sharing valuable insights and outlook for the new financial year.
www.Quantumamc.com
Decoding the Union Budget 2022 and its Impact on Your Investments
1. Decoding the Union Budget 2022 and its Impact on Your Investments
Speakers:
Arvind Chari, CIO, Quantum Advisors
Nilesh Shetty, Fund Manager, Equity
Chirag Mehta, Senior Fund Manager, Alternative Investments
February 4, 2022
1
2. Indian GDP growth peaked in 2011 and has since been a
downhill
Source: Mospi.nic.in; CMIE, Annual Data till March 2020
0%
5%
10%
15%
20%
India GDP growth (yoy)
Real GDP Nominal GDP
3. Modi sheds his fiscal conservatism
(Source: Indiaudget.gov.in)
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
FY 06Fy 07FY 08FY 09FY 10FY 11FY 12FY 13FY 14FY 15FY 16FY 17FY 18FY 19FY 20FY 21FY 22FY 23
BE
FY 24
QE
FY 25
QE
FY 26
QE
Fiscal Deficit as a % of GDP
Centre State
4. Government prioritizes capital expenditure
(Source: Indiaudget.gov.in)
0
2
4
6
8
10
12
14
FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23
Central Govt Capex Capex by PSUs Total INR TLN
9. India Is An Attractive Destination For Long-term Investors…
But Only Shake Hands With Management When You Know You’ll Get 5 Fingers Back!
Indian Equity
GDP, real +6.5%
+ Inflation +5.0%
= GDP, nominal +11.5%
If GDP = Revenues (Revenues of Typical Companies) +11.5%
Profit Growth of Typical Companies +11.5%
Companies, listed and in an Index > Typical Company +13.5%
An Intelligent Portfolio +15.0%
FX, INR 73-78 -2%
The numbers in the above table are based on the assumptions and estimates made by QAMC..
“An intelligent portfolio” mentioned above refers to a portfolio constructed by an investment manager following an active approach to investing
with an appropriate research and investment process in selecting stocks. These growth rates or indicative rates of return may or may not be
achieved. Past performance does not guarantee future results and future performance may be lower or higher than the data given above.
Source: Quantum AMC
10. Diversify your investments with our easy 12-20-80* Asset
Allocation Strategy
12 Months Expense 20% Gold 80% Equity
10
Please note the above is a suggested fund allocation and not to be considered as an investment advice or recommendation
11. Pre-investment Block - Emergency Corpus (Liquid)
12 Months Expense 20% Gold 80% Equity Play Money
11
Please note the above is a suggested fund allocation and not to be considered as an investment advice or recommendation
12. Policy Normalisation > Rate Hikes > Higher Short-Term Rate >
Improved Outlook for Liquid Funds
Source: Bloomberg, Quantum Research, Data upto January 2022
The above graph needs to be read in conjunction with scheme performance provided on slide no 45 & 46
2%
4%
6%
8%
10%
12%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
QLF Portfolio Yield 3 months Tbill
13. Our Recommendation: 12 months Emergency Money
➢ALWAYS Prioritize Safety over Returns
➢Zero Private Corporate Debt
➢Invests only in Government Securities, Treasury Bill or AAA rated PSUs/PFIs
➢Low Credit Risk = Low Liquidity Risk
➢A reasonable portion of portfolio in cash or overnight asset
Quantum Liquid Fund – Safety First
14. High Fiscal Deficit and no demand support spooks bond markets
Source: Refinitiv, Quantum Research, Data as of 1 February 2022
4
4.5
5
5.5
6
6.5
7
3 Year Gsec 10 Year Gsec
15. Yield Curve is steepest in a decade; but Oil prices and high fiscal deficit
complicates matter
Source: Refinitiv, Quantum Research, Data as of 1 February 2022 Past performance may or may not sustained in future
3.5
4
4.5
5
5.5
6
6.5
7
7.5
8
3M 6M 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 9Y 10Y 11Y 12Y 13Y 14Y 15Y 19Y 24Y 30Y
YIELD
TO
MATURITY
(%)
India Sovereign Yield Curve
1-Feb-22 28-Feb-20
16. 12 Months Expense 20% Gold 80% Equity Play Money
Earning Block (Equity) 80%
16
Please note the above is a suggested fund allocation and not to be considered as an investment advice or recommendation
17. Past performance may or may not be sustained in the future.
17
Corporate Profits Poised for Sustained Takeoff
Source: CMIE- Economic Outlook, Data as of Sep 2021
18. 18
Budget 2022- Accelerated Government Spending
Positives
• Strong Surge in Government Capex (+24%) to keep economic momentum going
• Cyclicals will thrive as GDP growth rate gets back to long term average (think
2003-2008)
Concerns
• Cut in Agri spends may impact near term demand from Rural India
• No mention of MSME and Rising Inflation
20. 20
Economic Tailwinds- Hiring in Information technology
Net Hires for Infosys+ TCS +Wipro+ Tech Mahindra + Accenture + Cap Gemini
Source: Company Financials, Data as of Sep 2021
-15,000
5,000
25,000
45,000
65,000
85,000
1,05,000
1,25,000
1,45,000
Net Hires for Six Large IT Cos
21. Past performance may or may not be sustained in the future.
21
Actual Earnings May Continue to Surprise Consensus
Past performance may or may not be sustained in the future. Source: Bloomberg Finance L.P.; as of January 31, 2022
22. Past performance may or may not be sustained in the future.
22
Portfolio Positioned For An Economic Revival
Sector
MSCI
India
January
2022
S&P BSE-30
Index
January
2022
QLTEVF
January
2022
QLTEVF
December
2021
QLTEVF
December
2020
QLTEVF
December
2019
QLTEVF
December
2018
QLTEVF
December
2017
QLTEVF
December
2016
Communication Services 3% 3% 0% 0% 0% 0% 0% 0% 2%
Consumer Disc. 8% 5% 16% 16% 16% 19% 20% 25% 24%
Consumer Staples 8% 7% 0% 0% 0% 0% 0% 0% 0%
Energy 12% 13% 2% 2% 2% 2% 3% 3% 10%
Financials 25% 40% 30% 29% 28% 29% 27% 14% 16%
Healthcare 5% 2% 5% 5% 6% 5% 5% 6% 3%
Industrials 5% 3% 2% 2% 2% 0% 2% 1% 3%
Materials 10% 5% 10% 10% 10% 8% 8% 4% 6%
Real Estate 1% 0% 0% 0% 0% 0% 0% 0% 0%
Technology 18% 20% 16% 18% 17% 16% 16% 15% 14%
Utilities 5% 2% 10% 9% 9% 11% 12% 14% 13%
Cash Equiv. 0% 0% 9% 9% 10% 10% 7% 18% 9%
Total 100% 100% 100% 100% 100% 100% 100% 100% 100%
No. of Securities 106 30 28 28 29 26 25 21 24
Data as of January 2022. Past performance may or may not be sustained in the future.
23. 23
Portfolio To Withstand Interest Rate Volatility
Break up Of Portfolio No of stocks
Financials 7
Companies which are Net Cash 13
Companies which have Net Debt to Equity <0.4 6
Electric Utilities- Net Debt to Equity ~1.5x (regulatory
requirement to have higher debt)
2
Total 28
Portfolio as on January 2022. Source: Quantum AMC, Estimates For FY22
24. Past performance may or may not be sustained in the future.
24
Spiking PER Overstates Valuation As Pandemic Related Lockdowns
Suppressed Earnings
Source: Bloomberg Finance L.P., as of January 31, 2022
25. 25
QLTEVF Portfolio Valuations: At A 34% Discount To The Index On T12M And 33% Less
Expensive On FY23e
Source: Quantum Research, Data as of January 31, 2022|* QLTEVF cash weight excluded.** S&P BSE-30 Index weight is based on free float. The figures mentioned in WTD PER, WTD EPS and PEG
ratio are calculated on the basis of Bloomberg consensus estimates for companies owned by the Fund as well as the companies in the S&P BSE 30. The Fundamental Characteristics, both for portfolio
as well as the benchmark, have been computed using the Aggregation Methodology.
QLTEVF* As % of S&P BSE-30 Index S&P BSE-30 Index**
Analysts’ views expressed FY2023 473 71% 663
Analysts’ views expressed FY2024 386 68% 568
Number of Stocks 28 93% 30
Median market cap. (USD mn) 12,020 33% 36,143
Wtd. dividend yield 1.82% 159% 1.15%
Historical PER of portfolio (T12M) 21.1 66% 32.2
Wt of stocks with PER < 20, historical 35% 381% 9%
% Wt of stocks with PER > 20, historical 65% 71% 91%
% Wt of stocks with PER > 30, historical 27% 49% 56%
ESTIMATES FOR FY2023
Analysts polled 473 71% 663
Wtd. PER: March 2023E 14.0 67% 21.1
Wtd. EPS Growth: March 2023E 25.8% 105% 24.5%
PEG Ratio (excludes cash) 2023E 0.5 63% 0.9
ESTIMATES FOR FY2024
Analysts polled 386 68% 568
Wtd. PER: March 2024E 12.6 70% 18.0
Wtd. EPS Growth: March 2024E 11.1% 62% 17.8%
PEG Ratio (excludes cash) 2024E 1.1 113% 1.0
27. 27
Govt capex push to benefit Materials and Industrials
- Investment led economic growth will drive consumption over time
The outlay for public capital expenditure has been stepped up sharply by 35% from Rs 5.50 lakh crores to Rs
7.50 lakh crores
The Finance Minister’s big infra push projects:
• PM Gati Shakti National Master Plan
• Highway expansion by 25,000 km
• Rs 60,000 crore on Nal se Jal scheme
• Five river link projects across various states
• Rs 48,000 crore on PM housing scheme
• North-East infrastructure development
Quantum View: The increase in outlay for capital expenditure and emphasis on Infrastructure development
may provide the much-needed impetus to Materials, Industrials, Metals and related sectors
28. Sector BSE 200 Index
Quantum
Equity Fund of Funds
Communication Services 2.9% 2.1%
Consumer Discretionary 7.5% 11.5%
Consumer Staples 7.9% 5.0%
Energy 9.9% 4.2%
Financials 30.7% 26.4%
Health Care 5.4% 7.7%
Industrials 6.2% 11.3%
Information Technology 15.4% 13.4%
Materials 9.5% 9.4%
Real Estate 0.7% 0.2%
Utilities 4.0% 2.0%
Cash 0.0% 6.7%
Total 100.0% 100.0%
28
Quantum Equity Fund of Funds – well positioned to benefit from capex
and resulting consumption from high economic growth
Data as of December 2021. Sector related disclaimer - Sectors referred above are not recommendation of Quantum Mutual Fund/AMC. The Fund may or may not have any present or future positions in these Sectors. The
above information of Sectors which is already available in publicly access media for information and illustrative purpose only and not an endorsement / views / opinion of Quantum Mutual Fund /AMC. The above
information should not be constructed as research report or recommendation to buy or sell of any stocks from any Sector. Past Performance may or may not be sustained in future.
29. 29
Green Economy: Hits
Budget Initiative View Rationale
Green Clearances Positive less Bureaucracy
Clean & Sustainable Mobility Positive Greenification of mass transport
Battery Swapping Policy Positive Big EV push if formulated correctly
Solar – PLI Positive Reduce dependence on imports
Circular Economy Positive Regulations needed to push the industry
Transition to Carbon Neutral Economy Positive Policy measures for energy efficiency in commercial buildings
and promoting agro forestry
Emission reduction Pilot projects to evaluate viability
Sustainable Financing Positive Green bonds / Blended Finance can help raise low-cost finance
for climate goals
30. 30
Green Economy: Misses
Key Initiatives
Missed
Rationale
Investment / Tax
incentives on Green
Investments
India climate targets require billions of dollars each year to be able to meet the ambitious pledges it has
committed to at the global stage. The present fiscal and taxation structure does not provide the right
signals to direct investment to the green sectors. Incentives to attract long term capital along with the right
taxation structure to provide the right signals to direct investment to the green sectors would have really
helped
R&D incentives Incentives towards green tech R&D and an earmarked amount towards research from the PLI schemes
would encourage green tech development and help India leap frog towards its climate goals. The existing
grants given to start-ups should also contain a specific allocation for green technologies
Carbon tax / Reward The government should involve India Inc in its climate agenda and provide a supportive regulatory roadmap
to match the ongoing efforts by the industry players, who have taken many key initiatives to cut the carbon
footprint on their own.
Quantum View:
• Though there was a clear thrust on intention to grow sustainably, it has missed on some important measures.
• This was our opportunity to send out a strong signal to the global investor community that India is ready to
take a big leap in our climate efforts.
31. 31
ESG: Not enough spending, nor much incentives
Quantum View:
• Green / Clean projects are long gestation projects
• We are losing time to meet our ambitious climate goals by 2030.
• There will arise a need to put regulatory mandates to meet the climate commitments.
• Corporates who are ahead of the curve with respect to their ESG practices will benefit
32. 32
Quantum India ESG Fund – well positioned to benefit from capex, thrust
on sustainability and resulting consumption from high economic growth
Sector
MSCI
AC World
December
2021
MSCI
India
Dec
2021
S&P BSE-30
Index
December
2021
QIESG
July
2019
QIESG
Dec
2020
QIESG
January
2022
Communication
Services
8% 3% 3% 2% 3% 4%
Consumer Disc. 12% 8.3% 4% 16% 14% 15%
Consumer Staples 7% 8% 7% 9% 14% 13%
Energy 3% 11% 12% 3% 1% 0%
Financials 14% 24% 39% 14% 17% 14%
Healthcare 12% 5% 2% 1% 3% 3%
Industrials 10% 5% 4% 6% 5% 6%
Materials 5% 10% 5% 15% 19% 15%
Real Estate 3% 0.7% 0% 0% 0% 0%
Technology 23% 20% 22% 11% 16% 21%
Utilities 3% 5% 2% 6% 4% 4%
Cash Equiv. 0% 0% 0% 17% 4% 5%
Total 100% 100% 100% 100% 100% 100%
No. of Securities 2,966 106 30 44 45 45
Data as of January 2022. Past performance may or may not sustained in future
33. Portfolio Diversifying Block (Gold)
12 Months Expense 20% Gold 80% Equity Play Money
33
Please note the above is a suggested fund allocation and not to be considered as an investment advice or recommendation
34. 34
Gold: Hits & Misses
Budget initiative View Rationale
No reduction in gold duty Negative High customs duty has caused a 14% differential between the Indian
gold prices and international gold price
(10.75% customs duty + Cess + Social welfare surcharge + 3% GST)
This continues to cause price distortions and inefficiencies in the
domestic gold market.
Customs duty on cut and polished diamonds and
gemstones is being reduced to 5% from 7.5%
Positive This will give a boost to the Gems and Jewelry sector
Capital expenditure for FY23 is pegged at Rs 7.5
lakh crore up from 5.5 lakh crore in FY22
Positive Could have an inflationary impact in the near term, supporting demand
for gold
Tax on cryptocurrency introduced at 30%, TDS at
1% on every transaction
Positive
Negative
The tax is higher than capital gains on any other class of assets and
will make trading in gold’s perceived substitute - cryptocurrency less
profitable
No official ban on crypto assets could divert some flows out of gold
Quantum View:
• While cryptocurrencies are being compared to gold, they lack intrinsic value
• Correlation to risk assets makes them ineffective as a portfolio diversifier, unlike gold
• They are prone to extreme volatility making them unsuitable for retail investors
• Gold is a proven store of value
• Maintain 10-15% allocation to gold given that risks like inflation and market pullbacks are lurking
36. Quantum’s Suggested Asset Allocation Strategy
12 Months Expense 20% Gold 80% Equity Play Money
36
Please note the above is a suggested fund allocation and not to be considered as an investment advice or recommendation
37. Diversify with 12-80-20 in just a few clicks
37
This is for illustrative purpose only. Please note the above is a suggested fund allocation and not to be considered as an investment advice or recommendation
39. Performance of Quantum Long Term Equity Value Fund –
Direct Plan – Growth Option
Period
Current Value of 10,000 Invested
at the beginning of a given period
Tier 1 -
Benchmark
Tier 2 -
Benchmark
Additional
Benchmark
Tier 1 -
Benchmark
Tier 2 -
Benchmark
Additional
Benchmark
Scheme S&P BSE S&P BSE S&P BSE Scheme S&P BSE S&P BSE S&P BSE
Returns (%) 500 TRI* 200 TRI** Sensex TRI (Rs) 500 TRI* 200 TRI** Sensex TRI
(%) (%) (%) (Rs) (Rs) (Rs)
1 year 25.30% 33.26% 31.10% 26.45% 12,546 13,347 13,129 12,662
3 years 13.47% 19.85% 19.32% 18.26% 14,614 17,222 16,995 16,546
5 years 10.67% 16.68% 16.67% 17.33% 16,606 21,637 21,625 22,246
7 years 10.26% 12.49% 12.32% 11.69% 19,830 22,815 22,572 21,697
10 years 13.73% 15.25% 15.15% 14.45% 36,258 41,395 41,038 38,620
Since
Inception
(13th Mar
2006)
13.71% 12.73% 12.82% 12.67% 77,120 67,245 68,287 66,621
Past performance may or may not be sustained in the future. Data as of 31st January 2022. Load is not taken into consideration in scheme returns calculation. Different Plans shall have a
different expense structure. Returns are net of total expenses and are calculated on the basis of Compounded Annualized Growth Rate (CAGR). *with effect from December 01, 2021 Tier 1
benchmark has been updated as S&P BSE 500 TRI. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR S&P BSE 500
index PRI Value from March 13, 2006 to July 31, 2006 and TRI Value since August 1, 2006. **TRI data is not available since inception of the scheme, Tier 2 benchmark performance is
calculated using composite CAGR S&P BSE 200 index PRI Value from March 13, 2006 to July 31, 2006 and TRI Value since August 1, 2006 For performance of other Schemes Managed by
Mr. Nilesh Shetty please see slide 47. For performance of other Schemes Managed by Mr. Sorbh Gupta please see slide 48.
The Scheme is co-managed by Mr. Sorbh Gupta and Mr. Nilesh Shetty. Mr. Sorbh Gupta is the Fund Manager effective from December 1, 2020.
Mr. Nilesh Shetty is the Fund Manager effective from March 28, 2011.
40. Performance of Quantum Long Term Equity Value Fund –
Regular Plan – Growth Option
Period
Current Value of 10,000 Invested
at the beginning of a given period
Tier 1 –
Benchmark
Tier 2 -
Benchmark
Additional
Benchmark
Tier 1 -
Benchmark
Tier 2 -
Benchmark
Additional
Benchmark
Scheme S&P BSE S&P BSE S&P BSE Scheme S&P BSE S&P BSE S&P BSE
Returns (%) 500 TRI* 200 TRI** Sensex TRI (Rs) 500 TRI* 200 TRI** Sensex TRI
(%) (%)
(%) (Rs) (Rs) (Rs)
1 year 24.66% 33.26% 31.10% 26.45% 12,481 13,347 13,129 12,662
3 years 12.91% 19.85% 19.32% 18.26% 14,401 17,222 16,995 16,546
Since Inception
(01st Apr 2017)
9.66% 15.29% 15.38% 16.25% 15,628 19,914 19,988 20,726
The Scheme is co-managed by Mr. Sorbh Gupta and Mr. Nilesh Shetty. Mr. Sorbh Gupta is the Fund Manager effective from December 1, 2020.
Mr. Nilesh Shetty is the Fund Manager effective from March 28, 2011.
Past performance may or may not be sustained in the future. Data as of 31st January 2022. Load is not taken into consideration in scheme returns calculation. Different Plans shall have a
different expense structure. Returns are net of total expenses and are calculated on the basis of Compounded Annualized Growth Rate (CAGR). *with effect from December 01, 2021 Tier 1
benchmark has been updated as S&P BSE 500 TRI. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR S&P BSE 500 index
PRI Value from March 13, 2006 to July 31, 2006 and TRI Value since August 1, 2006. **TRI data is not available since inception of the scheme, Tier 2 benchmark performance is calculated using
composite CAGR S&P BSE 200 index PRI Value from March 13, 2006 to July 31, 2006 and TRI Value since August 1, 2006. For performance of other Schemes Managed by Mr. Nilesh Shetty
please see slide 47. For performance of other Schemes Managed by Mr. Sorbh Gupta please see slide 48.
41. Past performance may or may not be sustained in the future. Data as of 31st January 2022. Load is not taken into consideration in scheme returns calculation. Different Plans shall have a
different expense structure. Returns are net of total expenses and calculated on the basis of Compounded Annualized Growth Rate(CAGR). For performance of other Schemes Managed by
Mr. Chirag Mehta please see slide number 50, 51 and 52. Mr. Chirag Mehta manages 5 schemes of Quantum Mutual Fund.
Performance of Quantum India ESG Equity Fund - Direct Plan
The Scheme is managed by Mr. Chirag Mehta and Ms. Sneha Joshi. Mr. Chirag Mehta is the Fund Manager effective from July 12, 2019. Ms. Sneha Joshi is the Associate Fund
Manager effective from July 12, 2019
Period
Current Value of 10,000 Invested
at the beginning of a given period
Tier 1
Benchmark
Additional
Benchmark
Tier 1
Benchmark
Additional
Benchmark
Scheme
Returns (%)
NIFTY 100
ESG TRI
(%)
S&P BSE
Sensex TRI
(%)
Scheme
(Rs)
NIFTY
100 ESG TRI
(Rs)
S&P BSE
Sensex TRI
(Rs)
1 Year 26.28% 30.12% 26.45% 12,644 13,031 12,662
Since Inception (12th July 2019) 22.82% 22.61% 18.33% 16,930 16,856 15,390
42. Performance of Quantum India ESG Equity Fund - Regular Plan
The Scheme is managed by Mr. Chirag Mehta and Ms. Sneha Joshi. Mr. Chirag Mehta is the Fund Manager effective from July 12, 2019. Ms. Sneha Joshi is the Associate Fund
Manager effective from July 12, 2019
Period
Current Value of 10,000 Invested
at the beginning of a given period
Tier 1
Benchmark
Additional
Benchmark
Tier 1
Benchmark
Additional
Benchmark
Scheme
Returns (%)
NIFTY 100
ESG TRI
(%)
S&P BSE
Sensex TRI
(%)
Scheme
(Rs)
NIFTY
100 ESG TRI
(Rs)
S&P BSE
Sensex TRI
(Rs)
1 Year 25.32% 30.12% 26.45% 12,547 13,031 12,662
Since Inception (12th July 2019) 22.02% 22.61% 18.33% 16,650 16,856 15,390
Past performance may or may not be sustained in the future. Data as of 31st January 2022. Load is not taken into consideration in scheme returns calculation. Different Plans shall have a
different expense structure. Returns are net of total expenses and calculated on the basis of Compounded Annualized Growth Rate(CAGR). For performance of other Schemes Managed by
Mr. Chirag Mehta please see slide 50, 51 and 52. Mr. Chirag Mehta manages 5 schemes of Quantum Mutual Fund.
43. Performance of Quantum Equity Fund of Funds
Direct Plan – Growth Option
The Scheme is managed by Mr. Chirag Mehta effective from November 1, 2013.
Period
Current Value of 10,000 Invested
at the beginning of a given period
Tier 1
Benchmark
Additional
Benchmark
Tier 1
Benchmark
Additional
Benchmark
Scheme
Returns (%)
S&P BSE
200 TRI
(%)
S&P BSE
Sensex TRI
(%)
Scheme
(Rs)
S&P BSE
200 TRI
(Rs)
S&P BSE
Sensex TRI
(Rs)
1 year 30.06% 31.10% 26.45% 13,025 13,129 12,662
3 years 17.42% 19.32% 18.26% 16,195 16,995 16,546
5 years 14.13% 16.67% 17.33% 19,373 21,625 22,246
7 years 11.51% 12.32% 11.69% 21,474 22,572 21,697
10 years 15.44% 15.15% 14.45% 42,090 41,038 38,620
Since Inception (20th July 2009) 14.40% 13.34% 12.78% 54,043 48,108 45,227
Past performance may or may not be sustained in the future. Data as of 31st January 2022. Load is not taken into consideration in scheme returns calculation. Data as of 31st December
2021.Different Plans shall have different expense structure. Returns are net of Total Expenses and calculated on the basis of Compounded Annualized Growth Rate (CAGR).
For performance of other Schemes Managed by Mr. Chirag Mehta please see slide number 50, 51 & 52.
44. Performance of Quantum Equity Fund of Funds
Regular Plan – Growth Option
The Scheme is managed by Mr. Chirag Mehta effective from November 1, 2013.
Period
Current Value of 10,000 Invested
at the beginning of a given period
Tier 1
Benchmark
Additional
Benchmark
Tier 1
Benchmark
Additional
Benchmark
Scheme
Returns (%)
S&P BSE
200 TRI
(%)
S&P BSE
Sensex TRI
(%)
Scheme
(Rs)
S&P BSE
200 TRI
(Rs)
S&P BSE
Sensex TRI
(Rs)
1 year 29.75% 31.10% 26.45% 12,993 13,129 12,662
3 years 17.14% 19.32% 18.26% 16,079 16,995 16,546
Since Inception (1st April 2017) 12.62% 15.38% 16.25% 17,778 19,988 20,726
Past performance may or may not be sustained in the future. Data as of 31st January 2022. Load is not taken into consideration in scheme returns calculation.
Different Plans shall have different expense structure. Returns are net of Total Expenses and calculated on the basis of Compounded Annualized Growth Rate (CAGR). For
performance of other Schemes Managed by Mr. Chirag Mehta please see slide number 50, 51 & 52.
45. Performance of Quantum Liquid Fund – Direct Plan – Growth Option
Mr. Pankaj Pathak is the Fund Manager effective from March 01, 2017
Past performance may or may not be sustained in the future. Data as of 31st January 2022. Different Plans shall have a different expense structure. Data as of 31st December 2021
* Simple Annualized . **Returns for 1 year and above period are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Returns are net of total expenses. Pankaj Pathak also
manages Quantum Dynamic Bond Fund. Please refer slide no.49 to review performance of Quantum Dynamic Bond Fund.
Current Value Rs 10,000 Invested
at the beginning of a given period
Tier 1 Benchmark
Additional
Benchmark
Tier 1 Benchmark
Additional
Benchmark
Period Scheme
Returns (%)
Crisil Liquid
Fund Index
Returns (%)
Crisil 1 year
T-bill Index
Returns (%)
Scheme (Rs.)
Crisil Liquid
Fund Index
(Rs.)
Crisil 1 year
T-bill Index (Rs.)
7 Days*
3.20% 3.79% 3.46% 10,006 10,007 10,007
15 Days* 2.93% 3.42% 1.34% 10,012 10,014 10,006
1 Month* 3.24% 3.68% 1.99% 10,028 10,031 10,017
1 year** 3.24% 3.64% 3.52% 10,324 10,364 10,352
3 years** 4.22% 4.90% 5.42% 11,320 11,545 11,719
5 years** 5.06% 5.80% 5.83% 12,800 13,262 13,275
7 years** 5.69% 6.36% 6.34% 14,734 15,403 15,387
10 years** 6.63% 7.12% 6.71% 19,019 19,898 19,153
Since Inception
(07th April 2006)** 6.85% 6.97% 6.17% 28,540 29,044 25,807
46. Performance of Quantum Liquid Fund – Regular Plan – Growth Option
Mr. Pankaj Pathak is the Fund Manager effective from March 01, 2017
Current Value Rs 10,000 Invested
the beginning of a given period
Tier 1 Benchmark
Additional
Benchmark
Tier 1 Benchmark
Additional
Benchmark
Period Scheme
Returns (%)
Crisil Liquid
Fund Index
Returns (%)
Crisil 1 year
T-bill Index
Returns (%)
Scheme (Rs.)
Crisil Liquid
Fund Index
(Rs.)
Crisil 1 year
T-bill Index (Rs.)
7 Days* 3.10% 3.79% 3.46% 10,006 10,007 10,007
15 Days* 2.83% 3.42% 1.34% 10,012 10,014 10,006
1 Month* 3.14% 3.68% 1.99% 10,027 10,031 10,017
1 year** 3.14% 3.64% 3.52% 10,314 10,364 10,352
3 years**
4.13% 4.90% 5.42% 11,291 11,545 11,719
Since Inception
(1st April 2017)** 4.94% 5.76% 5.81% 12,629 13,115 13,145
Past performance may or may not be sustained in the future. Data as of 31st January 2022. Different Plans shall have a different expense structure. Data as of 31st December 2021
* Simple Annualized . **Returns for 1 year and above period are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Returns are net of total expenses. Pankaj Pathak also
manages Quantum Dynamic Bond Fund. Please refer slide no.49 to review performance of Quantum Dynamic Bond Fund.
47. Other Schemes managed by Nilesh Shetty
Data as of 31st January 2022. Past performance may or may not be sustained in the future. Load is not taken into consideration in Scheme Return Calculation. #CRISIL Composite Bond Fund
Index (20%) + S&P BSE Total Return Index (40%) + CRISIL Liquid Index (25%) + Domestic Price of Gold (15%) It is a customized index and it is rebalanced daily. Returns are net of total expenses
and are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure. Mr. Chirag Mehta manages 5 schemes of the Quantum
Mutual Fund. Mr. Nilesh Shetty manages 2 schemes of the Quantum Mutual Fund.
Quantum Multi Asset Fund of Funds
Mr. Nilesh Shetty Co-managing along with Mr. Chirag Mehta effective from July 11, 2012.
Period Jan 29, 2021 to Jan 31, 2022 (1 year) ) Jan 31, 2019 to Jan 31, 2022 (3 years) Jan 31, 2017 to Jan 31, 2022 (5 years)
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Quantum Multi Asset Fund of Funds* –
Direct Plan (Gr)
7.98% 11.51% 9.43% 12.82% 8.46% 11.79%
Quantum Multi Asset Fund of Funds* –
Regular Plan (Gr)
7.58% 11.51% 9.11% 12.82% NA NA
48. Other Schemes managed by Sorbh Gupta
Data as of 31st January 2022. Past performance may or may not be sustained in the future #S&P BSE 500 TRI, ##S&P BSE 200 TRI. Returns are net of total expenses and are calculated on the
basis of Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure. Mr. Sorbh Gupta manages 2 scheme of the Quantum Mutual Fund
Quantum Tax Saving Fund
Mr. Sorbh Gupta is the Fund Manager effective from October 1, 2016.
Period Jan 29, 2021 to Jan 31, 2022 (1 year) Jan 31, 2019 to Jan 31, 2022 (3 years) Jan 31, 2017 to Jan 31, 2022 (5 years)
Scheme
Tier 1
Benchmark
Tier 2
Benchmark
Scheme
Tier 1
Benchmark
Tier 2
Benchmark
Scheme
Tier 1
Benchmark
Tier 2
Benchmark
Returns (%)
Returns (%)
#
Returns (%)
##
Returns (%)
Returns (%)
#
Returns (%)
##
Returns (%)
Returns (%)
#
Returns (%)
##
Quantum Long Term Value
Fund- Direct Plan (Gr)
25.06% 33.26% 31.10% 13.50% 19.85% 19.32% 10.73% 16.68% 16.67%
Quantum Long Term Value
Fund- Regular Plan (Gr)
24.44% 33.26% 31.10% 12.96% 19.85% 19.32%
N.A. N.A. N.A.
49. Other Schemes managed by Pankaj Pathak
Data as of 31st January 2022. Past performance may or may not be sustained in the future. #CRISIL Composite Bond Fund Index. Returns are net of total expenses and are calculated on the
basis of Compounded Annualized Growth Rate (CAGR) Different Plans shall have different expense structure. Mr. Pankaj Pathak manages 2 schemes of the Quantum Mutual Fund
Quantum Dynamic Bond Fund
Mr. Pankaj Pathak is the Fund Manager effective from March 01, 2017.
Period Jan 29, 2021 to Jan 31, 2022 (1 year) ) Jan 31, 2019 to Jan 31, 2022 (3 years) Jan 31, 2017 to Jan 31, 2022 (5 years)
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Quantum Dynamic Bond Fund - Direct Plan
- Growth Option
3.24% 3.07% 7.88% 8.50% 6.39% 6.99%
Quantum Dynamic Bond Fund - Regular
Plan - Growth Option
3.11% 3.07% 7.75% 8.50% NA NA
50. Quantum Gold Fund
Mr. Chirag Mehta is managing the scheme effective from May 1, 2009. Ms. Ghazal Jain is co-managing the scheme effective from June 2, 2020
Period Jan 29, 2021 to Jan 31, 2022 (1 year) ) Jan 31, 2019 to Jan 31, 2022 (3 years) Jan 31, 2017 to Jan 31, 2022 (5 years)
Scheme
Returns (%)
Tier 1
Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Quantum Gold Fund (Gr) -3.19% -2.45% 11.83% 12.84% 9.31% 10.35%
Data as of 31st January 2022. Past performance may or may not be sustained in the future. #Domestic Price of Gold. Returns are net of total expenses and are calculated on the basis of
Compounded Annualized Growth Rate (CAGR). Mr. Chirag Mehta manages 5 Schemes and Ms. Ghazal Jain manages 2 Schemes of the Quantum Mutual Fund The Scheme being Exchange
Traded Fund has one plan to invest through stock exchange and having a single expense structure
Period Jan 29, 2021 to Jan 31, 2022 (1 year) ) Jan 31, 2019 to Jan 31, 2022 (3 years) Jan 31, 2017 to Jan 31, 2022 (5 years)
Scheme
Returns (%)
Tier 1
Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Quantum Gold Savings Fund–
Direct Plan (Gr)
-3.87% -2.45% 11.70% 12.84% 9.20% 10.35%
Quantum Gold Savings Fund–
Regular Plan (Gr)
-4.02% -2.45% 11.57% 12.84% NA NA
Data as of 31st January 2022. Past performance may or may not be sustained in the future. #Domestic Price of Gold. Returns are net of total expenses and are calculated on the
basis of Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure. Mr. Chirag Mehta manages 5 Schemes and Ms. Ghazal Jain manages 2
Schemes of the Quantum Mutual Fund
Quantum Gold Savings Fund
Mr. Chirag Mehta is managing the scheme effective from May 19, 2011. Ms. Ghazal Jain is co-managing the scheme effective from June 2, 2020
Other Schemes managed by Mr. Chirag Mehta
51. Quantum Equity Fund of Funds
Mr. Chirag Mehta is the Fund Manager effective from November 01, 2013.
Data as of 31st January 2022. Past performance may or may not be sustained in the future. Load is not taken into consideration in Scheme Return Calculation. # S&P BSE 200 TRI Returns are
net of total expenses and are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Mr. Chirag Mehta manages 5 schemes of the Quantum Mutual Fund
Data as of 31st January 2022. Past performance may or may not be sustained in the future. Load is not taken into consideration in Scheme Return Calculation. #CRISIL Composite Bond Fund
Index (20%) + S&P BSE Total Return Index (40%) + CRISIL Liquid Index (25%) + Domestic Price of Gold (15%) It is a customized index and it is rebalanced daily. Returns are net of total expenses
and are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Different Plans shall have different expense structure. Mr. Chirag Mehta manages 5 schemes of the Quantum
Mutual Fund. Mr. Nilesh Shetty manages 2 schemes of the Quantum Mutual Fund. *With effect from 1st January 2020, the name of “Quantum Multi Asset Fund” has been changed to “Quantum
Multi Asset Fund of Funds”.
Quantum Multi Asset Fund of Funds
Mr. Chirag Mehta Co-managing along with Mr. Nilesh Shetty effective from July 11, 2012.
Other Schemes managed by Mr. Chirag Mehta
Period Jan 29, 2021 to Jan 31, 2022 (1 year) ) Jan 31, 2019 to Jan 31, 2022 (3 years) Jan 31, 2017 to Jan 31, 2022 (5 years)
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Quantum Equity Fund of Funds – Direct
Plan (Gr)
30.60% 31.10% 17.42% 19.32% 14.13% 16.67%
Quantum Equity Fund of Funds –
Regular Plan (Gr)
29.75% 31.10% 17.14% 19.32% NA NA
Period Jan 29, 2021 to Jan 31, 2022 (1 year) ) Jan 31, 2019 to Jan 31, 2022 (3 years) Jan 31, 2017 to Jan 31, 2022 (5 years)
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Quantum Multi Asset Fund of Funds* –
Direct Plan (Gr)
7.98% 11.51% 9.43% 12.82% 8.46% 11.79%
Quantum Multi Asset Fund of Funds* –
Regular Plan (Gr)
7.58% 11.51% 9.11% 12.82% NA NA
52. Quantum India ESG Equity Fund
Mr. Chirag Mehta effective from July 12, 2019. Co-managing with Ms. Sneha Joshi effective from July 12, 2019
Period Jan 29, 2021 to Jan 31, 2022 (1 year) Jan 31, 2019 to Jan 31, 2022 (3 years) Jan 31, 2017 to Jan 31, 2022 (5 years)
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Scheme
Returns (%)
Tier 1 Benchmark
Returns (%) #
Quantum India ESG Equity Fund –
Direct Plan (Gr)
26.28% 30.12% NA NA NA NA
Quantum India ESG Equity Fund –
Regular Plan (Gr)
25.32% 30.12% NA NA NA NA
Data as of 31st January 2022. Past performance may or may not be sustained in the future. Different Plans shall have a different expense structure. Returns are net of total expenses and are
calculated on the basis of Compounded Annualized Growth Rate (CAGR). Mr. Chirag Mehta manages 5 Schemes and Ms. Sneha Joshi manages 1 scheme of the Quantum Mutual Fund
Other Schemes managed by Mr. Chirag Mehta
59. Disclaimer – Terms of Use
The data in this presentation are meant for general reading purpose only and are not meant to serve as a professional guide/investment
advice for the readers. This presentation has been prepared on the basis of publicly available information, internally developed data and
other sources believed to be reliable. Whilst no action has been suggested or offered based upon the information provided herein, due
care has been taken to endeavor that the facts are accurate and reasonable as on date. Quantum AMC shall make modifications and
alterations to the performance and related data from time to time as may be required as per SEBI Mutual Fund Regulations. Readers are
advised to seek independent professional advice and arrive at an informed investment decision before making any investment. None of
the Sponsors, the Investment Manager, the Trustee, their respective Directors, Employees, Affiliates or Representatives shall be liable for
any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the
data/information/opinions contained in this presentation. The Quantum AMC shall make modifications and alterations to the
performance and related data from time to time as may be required.
Please visit – www.QuantumMF.com to read scheme specific risk factors. Investors in the Scheme are not being offered a guaranteed or
assured rate of return and there can be no assurance that the schemes objective will be achieved and the NAV of the scheme may go up
and down depending upon the factors and forces affecting securities market. Investment in mutual fund units involves investment risk
such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the sponsor /
AMC / Mutual Fund does not indicate the future performance of the Scheme. Statutory Details: Quantum Mutual Fund (the Fund) has
been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to
Rs. 1,00,000/-). Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private
Limited. The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.
4th Febraury 2022
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
59