How to choose your equity mutual fund portfolio
                     Panel DiscQuusasniotunm o nE qAussiteyt  FCulnasds oefs  Foufn Edqsuity, Debt 
& Gold
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Sorbh GuPpritvaa t–e F &u nCdon Mfidaennatgiaelr, Equity
Chirag Mehta – Sr. Fund Manager, Alternative Investments
December 17, 2020
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TABLE OF 
CONTENTS
• About us
• About Quantum Mutual Fund
• QEFOF Process  
• Performance of the Fund
ABOUT US
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Group Update – The Past 25 Years
 Set the foundation for building an India-focused investment management institution 
across the 4 major asset classes: equity, fixed income, real estate, infrastructure: 
Steady growth in assets, disciplined approach attracting clients   
 Need for multiple asset classes to reduce the business risk of being dependent on any 
ONE product:
      India is not mainstream - huge volatility in valuations and client interest
 1990 to 2004:  investment processes refined by affiliation with international groups
 2004 to 2008:  invested in people
 2004 to 2008:  incubated teams to diversify business risk
 2008 to 2009:  invested in world-class systems
 2010 onwards: maintaining our focus and discipline; succession planning
Our Journey so Far 
• Quantum Gold • Quantum Dynamic 
• Quantum Gold Fung Savings Fund Bond Fund 
• Quantum Nifty ETF • India’s first fully • Transactions through 
• Set up Quantum • Quantum Tax Saving paperless Online Email, WhatsApp & • Launch of 
AMC Fund Investing Platform Fax Regular Plans 
2005 2006 2008 2009 2011 2012 2015 2016 2017 2019
• Quantum Long • Quantum Equity • Quantum Multi • Quantum Long Term • Quantum India 
Term Equity Value Fund of  Funds Asset Fund of Equity Fund ESG Equity Fund
Fund • “Path to Profit” Funds completes 10-year 
• Quantum Liquid Launched track record
Fund
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About our Sponsor– Quantum Advisors Pvt. Ltd.
 Currently managing an AUM of USD 2.64 Billion (~INR 19,290 crore) as 
December 31, 2020
Manages Indian equity investments for some of the largest institutions in the 
world, including Sovereign Wealth Funds, pension funds, endowments, and 
foundations
Currently registered as a Portfolio Manager with SEBI and other international 
regulators
Quantum Advisors is 50.8% owned by Mr. Dayal and the Management Team 
and 49.2% owned by HWIC Asia. HWIC Asia is ultimately promoted and wholly 
owned by Fairfax Financial Holdings Limited (“FFHL”). FFHL is listed on the 
Toronto Stock Exchange and is led by Mr Prem Watsa, known as the Warren 
Buffet of Canada
ABOUT 
QUANTUM MUTUAL 
FUND
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About Quantum Mutual Fund
Quantum Mutual fund was established in 2006 with the launch of the Quantum 
Long Term Equity Value Fund
Quantum Mutual Fund was the 29th, but India’s 1st  Fund house that started with 
a focus on a Low Cost Approach for investors
Simple range of funds: No confusion for investors 
Disciplined Research and Investment Process: Team-driven, no “star” fund 
managers
Staying the course, no short cuts: Asset Managers, not Asset Gatherers
 Quantum MF AUM  = Rs.1,850 Cr. as on 31st December 2020
 Number of Folios: 71,099 as on 31st December 2020
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Company Structure
Quantum Advisors, India  (QAS), provides investment advisory services and 
manages portfolios of FIIs and Indian clients. Registered as Portfolio Manager 
with SEBI since 1997. It is led by Mr. I. V. Subramaniam (Subbu), who is the 
MD, CEO & CIO of the company.
Subbu joined Quantum in 1996 and has over 25 years of experience in the investment 
management and financial services industry. Since June 2000, Subbu has managed 
India-dedicated portfolios for Indian clients and since 2005, he has managed India-
dedicated portfolios for international clients. Subbu received his Bachelor’s degree in 
commerce from Osmania University in 1983 and his Law degree from Osmania 
University in 1986. He is a CFA Charterholder. Subbu was born in 1962.
100% subsidiary of QAS
Quantum Asset Management, India (QAMC) SEBI Registered Asset 
Management Company and Investment manager for Quantum Mutual Fund. It 
is led by Mr. Jimmy Patel, who is the  MD & CEO of the company.
Jimmy Patel joined Quantum in 2010 and has over 3 decades of experience in the 
financial services sector, and has held various key management roles. Along with 
holding a Chartered Accountant’s degree, Mr. Patel has also completed his L.L.B. from 
the University of Mumbai. Mr. Patel is a Fellow of the Chevening Standard Chartered 
Financial Services Leadership Programme at Kings College, London. He has been a 
Director on Association of Mutual Funds In India (AMFI) Board and also has been a 
member of various AMFI and SEBI Committees. Jimmy was born in 1967.
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Always Putting Investors First, Even Above our 
Growth in AUM
Quantum Mutual SEBI Imposes Rule on 
Fund MF Industry
Refused to follow the opaque Entry Load Model Mar 2006 Jun 2009
Pioneered Direct to Investor, despite Slow Internet Speed and 
Mar 2006 Jan 2013
No Smart Phones
One Scheme / product per asset class Mar 2006 Oct 2017
Exit Load swept into funds for the benefit of Unit Holders Mar 2006 Nov 2012
No Discrimination against Retail Investors Mar 2006 Sep 2012
Introduced the practice of following Total Return Index (TRI) as 
Mar 2006 Jan 2018
benchmark for Equity Fund
Majority of Independent Directors on AMC Board Mar 2006 ?
Path to Profit (Investor Education & Awareness Program) Aug 2009 Sep 2012
100% Independent Board of Trustees Oct 2010 ?
Mark to Market valuation in Liquid Fund, irrespective of the 
Jul 2012 April 2020
maturity 
ZERO Upfront Distributor Commission and uniform trail 
Apr 2017 Sep 2018
commission across all partners on Regular Plan
TER based on AUM Slabs Feb 2017 April 2019
Profile of Management Team - QAMC
Jimmy Patel Malay Vora 
MD & CEO  (2010) Head Legal & Compliance  (2008) 
Jimmy Patel has over 3 decades of experience in Malay Vora has more than 15 years of experience in 
the financial services sector, and has held various Legal, Compliance and Corporate Secretarial matters in 
key management roles. Along with holding a the financial service industry. He is a Commerce and Law 
Chartered Accountant’s degree, Mr. Patel has also Graduate and an Associate Member of Institute of 
completed his L.L.B. from the University of Company Secretaries in India. Malay is the Head of Legal 
Mumbai. Mr. Patel is a Fellow of the Chevening & Compliance and the Compliance Officer for Quantum 
Standard Chartered Financial Services Leadership AMC. He has been associated with Quantum since 2008. 
Programme at Kings College, London. He has He is a SEBI Committee member and has represented 
been a Director on Association of Mutual Funds In Quantum at an AMFI committee in the past. Malay was 
India (AMFI) Board and also has been a member born in 1977. 
of various AMFI and SEBI Committees. Jimmy was  
born in 1962.
Rina Nathani  Sandeep Bhosle 
Chief Business Officer (2020) AVP Investor Interaction  
Rina has over 20 years of experience in building (S2an0d1e1ep)  Bhosle has more than 18 years of experience 
businesses, advising companies and leading in Financial Services and Market Research. He a Post 
teams to successful outcomes. Prior to joining Graduate in Marketing Management. He has Completed 
Quantum AMC, Rina was a Director in KPMG’s Medium and Small Scale Industries Management 
Advisory Practice in the US and  Head – Retail Development Program from NMIMS. Prior to Quantum 
Businesses at Suminter India Organics, India. She AMC, he has been with ICICI Prudential and Birla Sunlife 
has done Masters in Management Studies from Insurance and has been instrumental in developing 
Jamnalal Bajaj institute of Management Studies Rural Markets and New Initiatives, Process Quality, 
(JBIMS). Rina was born in 1974. Loyalty Programs, R&R Initiatives.
Rajendra Gadiyar 
Head Operations  (2011) 
Rajendra brings with him more than 2 decades of experience in Operations and Fund Accounting in 
Mutual Funds and Insurance. Prior to joining Quantum, he was associated with various companies 
across Insurance, Asset Management and Investment Management sectors. Rajendra was born in 
1968. 
Meera Shetty 
Head Investor Services  
M(2e0er0a6 S)h etty has almost two decades of experience in Investor Servicing. Before joining Quantum, 
she was associated with Edelweiss AMC, Principal AMC and UTI-TSL. She holds a degree in Commerce 
and is an MBA with dual specialization in Finance and Marketing. Meera was born in 1969.
Portfolio Team – Equity 
Sorbh Gupta (2011) Sneha Joshi (2015)
Qualified as a Chartered Accountant, CFA Level III With over 7 years of experience in economic, credit 
(Charter Pending), Sorbh Gupta is the Fund Manager for and quantitative research. Sneha holds a Ph.D. in 
Quantum Long Term Equity Value Fund & Quantum Tax Economics and has earned an M.A. in Economics 
Saving Fund. With more than 15 years of experience in from Gokhale Institute of Politics and Economics. 
equity research as well as managing funds; Sorbh She joined Quantum AMC in August, 2015. Prior to 
brings with him a wealth of experience of having joining Quantum, she was associated with Credit 
tracked varied sectors in his previous work Capital Research as a fixed income research 
assignments. Prior to joining Quantum, Sorbh was analyst. Sneha was born in 1988.
associated with Siddhesh Capital Private Ltd. Sorbh was 
born in 1980.
Nilesh Shetty (2009) Hitendra Parekh (2004)
Nilesh has more than 16 years of experience in research. Has close to 3 decades of experience in 
He has been a part of Quantum Asset Management financial services industry. Prior to working with 
Company since 2009, and at present is the Fund Manager Quantum, he has been with the Unit Trust of 
for Quantum Long Term Equity Value Fund and Quantum India for 4 years and UTI Securities Ltd for 9 
Multi Asset Fund. Nilesh is a qualified CFA (Chartered years. He has completed his B.Com & Masters in 
Financial Analyst), ACMA (CIMA, UK) and has completed 
his Masters in Management Studies (Finance) from the Financial Management from Mumbai University. 
Mumbai University. Nilesh was born in 1980. Hitendra was born in 1968.
Portfolio Team – Non Equity 
 Pankaj Pathak (2013) – Fixed Income 
has over a decade of experience in Fixed income investments and research. He joined Quantum 
Asset Management Company in August, 2013 and at present, is Fund Manager for Quantum 
Dynamic Bond Fund and Quantum Liquid Fund. Prior to joining Quantum, he was associated with 
Bank of Maharashtra. Pankaj holds a Post Graduate Diploma in Banking & Finance from National 
Institute of Bank Management, Pune and is qualified CFA (Chartered Financial Analyst). Pankaj was 
born in 1986.
Chirag Mehta (2006) – Gold/Commodities
has 18  years of experience in the  Indian commodities markets. He also specializes in the field of 
alternative investment strategies. Chirag is a qualified CAIA (Chartered Alternative Investment 
Analyst), and has also completed his Masters in Management Studies in Finance. He currently 
manages funds largely in the field of alternative investments that includes Gold Fund, a Multi asset 
fund and an Equity fund of funds and is also a Fund Manager of Quantum India ESG Equity Fund. He 
joined the Quantum after gaining hands on experience in the physical commodities market during 
internship with Kotak & Co. Ltd and working on projects for the Federation of Indian Commodities 
Exchanges. Chirag was born in 1981. 
Ghazal Jain (2020) – Gold/Commodities
has overall 4 years of experience in the field of finance and alternative investments including of 
Gold, Asset Allocation and Personal Finance & investment allocation. She has been with Quantum 
Asset Management Company since January, 2019. Prior to joining Quantum, she was associated 
with Fox Education LLP and Bahubali Electronics Private Limited.
Criteria to Select a Good Fund House
•
PEOPLE What is the background?• What is the experience?
• Is there a clearly defined investment 
PHILOSOPHY philosophy across all market situations or is this a ride-the-wave, “bull-market” 
manager?
•
PROCESS What is the research and investment process and how reliable is it?
PERFORMANC • Given the process, is the performance 
E as predictable as it should be? 
QEFOF PROCESS 
Usual Mutual Fund Investing Process
• Risk of selecting 
Out of ~550 
Equity schemes • Wrong Fund House
• Wrong Fund Manager 
Suggestions 
from • Wrong Philosophy
Distributors & 
Bank RMs • Wrong Portfolio 
Own Research • Hassles of transacting in and 
tracking multiple funds
• Biased advice by 
advisor/distributor/financial planner 
You choose for commissions
6 – 8 Funds
Investing in Quantum Equity Fund of Funds
• Research based Fund selection
~550 Equity 
schemes • Funds with consistent performance 
across market cycles
• Balance between Risk & Return
• Avoid Portfolio concentration
• Invest in diversified portfolio of Large 
and Mid Cap 
6 – 8 Funds in • There is just one NAV to track and 
your portfolio just one folio – no hassles of making 
and tracking multiple investments
Step 1: Filtration Actively managed Equity Funds 
No Sector & Index Funds Funds 
Disqualified
Diversified Equity Funds With track record < 
3 years disqualified
Diversified Equity Funds with a 3-Yr track record
• We see 3 year YoY returns, not CAGR
• At this stage the schemes are categorized as Large cap or Non Large cap
• Minimum 60% exposure to large caps required to be classified as Large cap scheme
• Top 5 stocks/holdings