Goal Planning with ESG
                     Panel Discussion on Asset Classes of Equity, Debt 
ESG Investing&  aGto Ilndflection Point
Speakers: 
Sorbh Gupta – Fund Manager, Equity
Chirag Mehta – Sr. Fund Manager, Alternative Investments
December 17, 2020
1
2
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
This is one of the Fastest Growing Investment 
Approach Globally
Data Source: 1) https://www.unpri.org/pri/about-the-pri 2) Global Sustainable Investment Review 2016
Please note that the above information is for explanation purposes only. The information provided here is not meant to be considered as investment 
advice/ recommendation to invest. Please seek independent professional advice and arrive at an informed investment decision before making any 
investments.
Top-League Funds gradually moving their Portfolio 
into the Fastest Growing Investment Opportunity
Institution Total AUM Institution Total AUM
Blackrock $ 5.3 Trillion Investec EUR 121 Bn
California Pensions $401 Bn Natixis $ 988 Bn
Fund
The Children's Fund $ 27 Bn
California Teachers' $253 Bn
Retirement Fund Hermes Investment $392 Bn
Management
Allianz EUR 505 Bn
Norges Bank $1 Trillion Nordea EUR 235 Bn
T-Rowe Price EUR 1 Trillion Swedish Pension EUR 442 Bn
• Since its founding in 2006, the United Nations dedicated International Organization to promote this 
investment approach has attracted support from more than 3,100 signatories representing over 
$110 trillion in assets under management as of 2020. 
• $ 25 trillion (some 25% of all funds) institutional investment is now branded under this fastest 
growing investment theme.
Please note that the above information is for explanation purposes only. The information provided here is not meant to be considered as investment 
advice/ recommendation to invest. Please seek independent professional advice and arrive at an informed investment decision before making any 
investments.
Data Source: 1) https://www.unpri.org/pri/about-the-pri 2) Global Sustainable Investment Review 2016 3) IPE
A Spark Becomes Mainstream?
Please note that the above information is for explanation purposes only. The information provided here is not meant to be considered as investment 
advice/ recommendation to invest. Please seek independent professional advice and arrive at an informed investment decision before making any 
investments.
ESG Investment becoming Mainstream 
Accompanied by Active Shareholder Interventions
Financial Times, February 2018
Small companies face added 
pressure to put women on Boards.
Wall Street Journal, February 2019
ESG Based Indices
Regulators in a number of Jurisdictions are 
Mandating Asset Owners to Focus more on ESG 
Integration
 United Kingdom: Pensions Regulator published a new Code that 
encourages trustees to take into account risks that affect the long-term 
sustainability of investments
 South Africa: 2011 Amendment to the Pension Funds Act states that 
“Prudent investing should give appropriate consideration to environmental, 
social and governance factors”
 EU agreement on sustainable investment disclosure framework + EU 
Taxonomy
 Institutions required to integrate ESG into their portfolios and disclose in 
a consistent way how they invest
 Investment managers, insurers and advisors to inform plan participants 
how their activities are impacting the environment
 Source: 1) https://www.oecd.org/finance/Investment-Governance-Integration-ESG-India: SEBI introduced Stewardship Code in July 2020; Introducing nFacetowrs.p df
2) Pensions and Investments Online
format for Business Responsibility and Sustainability Reporting.
Negative News gets Easily Highlighted on 
Social Media  
Without social media, social, ethical, environmental ills would have minimal visibility. Increased visibility of 
issues has shifted the balance of power from the hands of governments and corporates to the masses.
Gradual Evolution from a Stockholder to a 
SGrteaatkere ehmophldaseisr on ESG factors, which play out over a long horizon, may 
provide a counterweight
 to the constant pressure on companies to maximize near-term earnings
Quarterly Sustainab
 The mandate to maximize short-term Capitalis le 
shareholder value or Quarterly Capitalism m Capitalis
has driven a deep wedge between business and m
society 
Planet
 CEOs  have little reason to think about the 
social and environmental consequences of their People
actions. And the result – whether in oil spills or 
credit derivatives – brings devastation far Short term Long
beyond the company's own shareholders Profit  term Profit
 The long term success of any company 
depends on the health and wellbeing of its 
employees, customers, and the communities in 
which it operates
“Quarterly capitalism is short-term, myopic, greedy and 
dysfunctional”
                                                                        -Will Hutton, 
British economist 
What is ESG?
11
ESG – Buzz words or Better Investments?
 Sustainability
 Responsible Investing
 Impact Investing
 Clean Investing
 Societal Impact
 Fiduciary Duties
What is ESG Investing?
Replacing the question “how much 
return?” with “how much sustainable 
return?”
ENVIRONMENT SOCIAL GOVERNANCE
• Climate Change • Labor Practices
• GHG Emissions • Minority shareholder • Corporate Social 
• Water Stewardship treatmentResponsibility
• Renewable Energy • Board Independence• Stakeholders opposition
• Waste Management • Executive Compensation• Product Liability
• Green Buildings • Corruption• Privacy and Data Security • Business ethics and frauds
Generic term given to non financial factors that can have a material impact on 
firm valuation
13
E for Environment
Water Stress Clean, affordable Climate change Pollution
54% of India facing energy  # 3 globally in  11 of top 12 
high stress Fossil fuels carbon emissions polluted cities in 
21 Indian cities constitute 92.5% of but low on per India
will run out of commercial energy capita basis
groundwater by consumption and 
2020 75% of total 
energy 
consumption
Data Source: 1) https://www.businesstoday.in/current/economy-politics/india-has-highest-number-of-people-living-below-poverty-line-world-bank/story/238085.html 2) 
Census of India 3)  World Resources Institute 4) BP & IEA 5) https://www.wri.org/blog/2017/04/interactive-chart-explains-worlds-top-10-emitters-and-how-theyve-
changed 6) https://www.vox.com/2018/5/8/17316978/india-pollution-levels-air-delhi-health 5)  Niti Aayog Report
14
S for Social
Poverty Food Security Employment
lowest 
224mn people 2.4% of world’s participation 
below poverty land; 17% of rates of working 
line (18% of pop world’s age women in ) population the labor force – 
about 25%
Illiteracy Basic hygiene Healthcare system
Every five  700 million 50% of all 
persons among people who have villagers have no 
ten in India are no access to access to 
illiterate toilets at home healthcare providers
Data Source: 1) https://www.businesstoday.in/current/economy-politics/india-has-highest-number-of-people-living-below-poverty-line-world-bank/story/238085.html 2) 
Census of India 3)  World Resources Institute 4) BP & IEA 5) https://www.wri.org/blog/2017/04/interactive-chart-explains-worlds-top-10-emitters-and-how-theyve-
changed 6) https://www.vox.com/2018/5/8/17316978/india-pollution-levels-air-delhi-health  7)https://www.mapsofindia.com/my-india/india/major-issues-in-india
15
G for Governance
Credit Rating Agencies “Dependent” In India, 15 of the top (CRAs) behind the independent directors 20 business groups Audit crisis of 2018curve are family-owned
CRAs have 
repeatedly failed to Are independent Governance 
Auditors of over 
204 listed firms 
alert investors directors really issues are more resigned*
about impending independent? Or common in 
defaults be it the are they friends promoter led 
The comparable 
companies figure for 2016-17 case of IL&FS, and family? was just 18! 
Zee Group or 
DHFL
*as per filings in the MCA 21 registry 
India Could Adversely Impact Global Emissions
%
% increase in GHG emissions 
attributed to India
Note: Global GHG emissions (2017) at 59,526 mn tonnes CO2e
If India’s per capita emissions (2.7 tns / person) reach the levels of China (8.2) and USA (18.4), global CO2 
emissions are estimated to increase by 12.5% and 35.4%, respectively (assuming no change in emissions for 
other countries) 
Without Adequate Investments, India undoes the 
difficult Carbon Cuts that other Nations plan to 
bring to the table
Note: Global GHG emissions (2018) at 55.3 bn tonnes CO2e
Economic Growth is not enough to Sustain 
Societies & Planet
• India is 5th most vulnerable to climate change risk – 
Environmental Think Tank Germanwatch
• India ranked 108th out of 153 on gender equality – 
World Bank Global Gender Gap Index 2020 
• India ranks 77th in global bribery risk matrix out of 194 countries - 
TRACE Bribery Risk Matrix
• India is among the 10 worst countries for working people - 
International Trade Union Confederation (ITUC) Global Rights Index
Opportunities exist for Companies to change as 
India adopts higher ESG standards
• India’s commitments on UN Sustainable Development Goals (SDGs) and 
COP21 likely to push companies to achieve higher ESG standards.
• The Companies Act 2013 introduced critical changes on corporate 
Better governance including board diversity and independence, conflicts of 
Governance interest and rights of minority shareholders.
• SEBI has tightened the Listing Agreement.
• Business Responsibility Report mandated for top 1,000 listed companies 
currently under revision.
• Evidence of more assertiveness by shareholders
• National Guidelines on Responsible Business Conduct, 2019
• CSR expenditure of 2% of profit mandated under the Companies Act 2013.
• India’s Nationally Determined Contribution (NDC) under the Paris Accord 
commits it to reduce the carbon intensity of its GDP by 33-35% by 2030 
over 2005 levels.
Coupled with • Target of 175GW of renewables capacity by 2022, 40% of total generation 
Responsibility capacity by 2030.
• Perform, Achieve and Trade (PAT) scheme introduced for energy intensive 
industries. 
• Bharat Stage VI auto emission norms implemented in April 2020.
• Extended producer responsibility mandated under E Waste Management 
Rules 2016.
• Plastics Waste Management (Amendment) Rules, 2018.
Call for Collaborative Action
Most Investment Strategies 
Focus Primarily on 
“Governance”: 
How Founders and 
Managements 
treat Minority Shareholders?
But what about:
Employees,
Society,
the Land, 
Water, Air around the 
Factories? 
The Triple Bottom-Line:
P lanet
 People
 
Profi t
Evidence of Stock Price Reaction to Negative News
Share price drop on 
Stock News Issue Date
NSE
Investigations against the former chairman following allegations that he 
offered loans worth crores to people recommended by politicians, placed his 
J&K Bank Governance June -19 ~20% in 1 day
relatives in plum positions, and for even diverting funds meant for the 
bank’s corporate social responsibility (CSR) initiative 
A whistleblower email claims Sun Pharma promoter Dilip  Shanghvi and his 
Dec-18
Sun Pharma brother-in-law  engaged in financial irregularities with stock market scam Governance ~26% in 2 months
accused Dharmesh Doshi 
Manpasand Deloitte resigned as statutory auditor before Q4 results saying in a letter to 
Governance May -18 ~40% in 2 days
Beverages the board that the company didn’t provide “significant information.”
Company came under the SEBI scanner for alleged price and volume 
Vakrangee Governance Feb-18 ~48% in 5 days
manipulation of its own scrip on the BSE
Social & 
Vedanta Government rejected Vedanta’s bauxite mining plans in Niyamgiri Jan-14 ~66% in 2 years
Environment
Chairman confessed to accounting fraud to the tune of ₹7,000 crore and to 
Satyam 
falsifying revenues, margins and cash balances of the company.  
Computer Governance Jan-09 ~78% in 1 day
One of the largest accounting frauds, which raised serious questions on 
Services
India’s corporate governance standards as well as the credibility of auditors.
Stocks referred above are illustrative and not recommendation of Quantum Mutual Fund/AMC. The Fund may or may not have any present or future 
positions in these Stocks. The above information of stocks which is already available in publically 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.
Positive Correlation between 
Sustainability & Profitability 
26
A Positive Correlation Between Sustainability & 
Economic Profitability
*Percentage of studies 
showing
Data Source: Oxford report 
‘From stockholder to 
stakeholder’ based on more 
than 200 academic studies 
(March 2015)
Strong ESG profile More competitive Higher Profitability Higher dividends
Strong ESG profile Better risk management Lower risk of severe Lower tail risk
incidents
Strong ESG profile Low systematic risk Low cost of capital High valuation
Sustainability and Profitability are Complementary 
and Compatible
As on December 31, 2020. Data Source:  MSCI Indexes supplied by MSCI Inc, and MSCI ESG Indexes supplied by MSCI ESG Research Inc, a subsidiary 
of MSCI Inc.
Past Performance may or may not be sustained in future. Please note that the above information is for explanation purposes only. The information 
provided here is not meant to be considered as investment advice/ recommendation to invest. 
Please seek independent professional advice and arrive at an informed investment decision before making any investments.
The ESG index outperformed the traditional Equity index over the period and has also 
protected downside risk better.
28
Sustainability and Profitability are Complementary 
and Compatible
 370 Annual Performance (%)
Nifty 100 ESG TRI
Nifty 100 Nifty 100 
 320 Nifty 100 TRI Year ESG Index Index +/-
2020 22.8% 16.0% 6.9%
 270 
2019 12.0% 11.4% 0.6%
 220 2018 6.1% 3.4% 2.7%
2017 33.2% 32.8% 0.4%
 170 
2016 4.3% 4.7% -0.4%
 120 2015 -0.8% -1.3% 0.5%
2014 34.3% 34.8% -0.5%
 70 
2013 10.0% 7.0% 3.0%
2012 34.6% 32.3% 2.3%
As on December 31, 2020. Data Source: Bloomberg, LLP, ^Data is from 2011 as Base Date for NIFTY100 ESG Index is April 2011. 
Past Performance may or may not be  sustained in future. Please note that the above information is for explanation purposes only. The information 
provided here is not meant to be considered as investment advice/ recommendation to invest. Please seek independent professional advice and arrive 
at an informed investment decision before making any investments.
Nifty 100 ESG Index outperforms Nifty Index and protects downside risk 
better
From “Integrity Screen” in 1996 to E, 
S, G…
 1996: Introduced the Integrity Screen  Avoided corporates that treated minority 
investors unfairly + “sin stocks” -> Focus predominantly on “G” and to a certain extent 
on “S” factors
 2015: Formalized a process of rating companies on their ESG performance
 Proprietary rating methodology
 Internal research team
 Current database: ~140 companies rated on their ESG performance
 2019: Launched Quantum India ESG Fund with portfolio construction based on 
proprietary ESG rating
ESG is more about Identifying Opportunities
Governance -  
Board / 
Management / 
Ethics
Financial Environment 
Strength and Social Externalities'
Growth & 
Capital Disruptive 
Efficiency Change
ESG Proves its Mettle amidst 
Crisis 
32
Sustainability Initiatives
 39% of energy produced 
from renewable sources 
(WHRS + solar)
 23.5% use of alternative raw 
material
 All plants comply with zero 
liquid discharge norms
 Use of air cooled condensers 
to conserve water
 Contracts with suppliers 
include clauses on E&S 
aspects 
Data Source: Bloomberg, LLP
Past Performance may or may not be  sustained in future.
Stocks referred above are illustrative and not recommendation of Quantum Mutual Fund/AMC. The Fund may or may not have any present or future 
positions in these Stocks. The above information of stocks which is already available in publically 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. Past Performance may or may not be  sustained in future. 
33
ESG Indices Versus Equity Indices
 MSCI India 
ESG Leaders  NIFTY 100  NIFTY  BSE 200  MSCI India 
Index ESG Index Index Index Index 
Returns Since 
36.2% 30.5% 25.2% 24.7% 22.9%
2011^
Annualized SD 27.2% 26.5% 28.0% 26.5% 27.5%
VAR -45.0% -43.7% -46.2% -43.7% -45.3%
Sharpe Ratio 1.1126 0.9281 0.6913 0.7095 0.6195 
Drawdown -35.0% -36.9% -37.9A%s on December 31, 2020. Data Source: Bloomberg, LLP^Data is from 2011 as Base Date for NIFTY100 ESG Index is April 2011 Past Performance- m3a7y. o8r %may not be  su-st3ai8ne.d3 i%n future.
 Higher returns over long duration  Less volatile
   
 Lower downside risk  Sustainable Profitability 
What is our Idea?
Delivering Long term Value 
from ESG
35
Quantum’s ESG Approach
Our analysis is guided by the materiality of the issues
Governance sits at the heart of our analysis
Typically focus on areas such as capital allocation, board composition, 
quality of disclosures and treatment of minority shareholders
Shortcomings go hand in hand with poor performance on the social 
and environmental fronts, making it a good proxy for wider problems
Identify companies that can act as long term stewards of capital
36
Approach to ESG Evaluation
Proprietary 
Data Sources research (Blended Scoring system
Approach)
•Sustainability Company disclosures Company disclosures
reports (GRI (30% weight) •Binary scoring systems: +1 for 
Framework) Companies are evaluated on disclosure, 0 for non disclosure
•Business their levels of disclosures •Scores standardized from 0 
Responsibility provided in their (minimum) to 100 (maximum)
Reports (BRR) and sustainability reports / 
annual reports business responsibility 
•Sustainability reports / annual reports. 
Accounting Companies with higher Qualitative factors
Standards Board disclosures get higher scores. •Negative scoring system: 
(SASB) publications Dependent on relative 
•Pollution Control performance v/s peers or v/s 
Board Filings Qualitative factors national / global regulations
•Industry (70% weight) •Penalty for ESG non compliance
associations •Evaluate companies on their ESG •Scores standardized from 0 
(WBCSD, WRI) performance relative to their peers (maximum) to -100 (minimum)
•News reports on material ESG aspects.
•Management •Check for any past violations / red Consolidated score
interaction flags of certain E&S metrics and 
corporate governance regulations •Ranges from +30 (maximum to 
-70 (minimum)
More Than ‘Desk’ ESG Research
Primary Research Secondary Research Review & Updates
Publicly available data: (a) ‘G’ – Board Member (a) Review our proprietary 
(a) Annual Reports, Business review, including directorship ESG scores every 6 months
Responsibility Reports  & review in other companies (b) Active controversy 
Sustainability Reports (b) KMP check, including monitoring
(b) Attend sustainability controversies. Related party 
seminars, conferences analysis
(a) Meet  ESG Head of the 
Company and/or Key (a) ‘E’ & ‘S’ - Check Pollution (a) Primary analyst and a 
Management Personnel Control Board filings. Refer Back-up analyst for each sector ensures continuity
(b) Visit Plant, including NGO reports if available
supply chain. Meet dealers, (b) Evaluate v/s global peers (b) ESG Analyst monitor 
vendors etc. and update material KPIs
Stock Selection Process Driven by our 
Proprietary ESG Scores
Investors get exposure to broad basket of ESG compliant companies which 
in the long run is expected to outperform conventional market indices
PORTFOLIO  40-60 stocks
Companies > ESG score of 0 qualify for inclusion in the portfolio. Allocation 
is based on the ESG score of the company, with guardrails around Index 
sector ranges
ESG COMPLIANCE CHECK
 > 125 stocks
Based on Quantum’s proprietary research methodology, companies within 
the coverage universe are ranked on their ESG performance. The 
evaluation process consists of a blend of quantitative and qualitative 
factors.  Assign scores -70 to +30
INITIAL SCREEN
Addressable universe with avg daily traded value of > $1 mn  450+  stocks
Number of stocks mentioned are as per current average trading volume value criteria and ESG criteria. The number of Stock in trading volume criteria, ESG 
criteria and in portfolio will be changed from time to time based on Investment Strategy of the scheme. 
Please refer Scheme Information Document of the Scheme for complete 
Investment Strategy
Portfolio Construction, using our Proprietary ESG 
Scores
Stock with Volume > US$ 1 mn per day?
YES
Stock under active coverage? No For Research
YES
ESG Score < internal threshold Not included in the 
> Internal threshold for 0.5% weight
Portfolio
Included in the Portfolio: 
ESG score of stock / ESG score of all stocks > 0
Investment Criteria / Sector guardrails
Wt of a stock in the portfolio depend on ESG score
Min 1%, Max 5% @ cost
Maximum Weight for a stock 10% at market value
Please refer Scheme Information Document of the Scheme for complete 
Investment Strategy
40
ESG – What Will You Own?
 ESG determined stock selection is Value Agnostic – Most stock indexes 
are Value agnostic as well
 ESG weighing provides exposure to Quality and Low volatility factors
 ESG generally tends to do well in down markets
 ESG focus help avoid tail risks
 ESG endeavors to deliver long term risk adjusted performance
ESG Investing Truly Works in 
Real Sense
Performance of Quantum India ESG Equity Fund
Mr. Chirag Mehta
Work experience: 18 years.
Fund 
Manager Ms. Sneha Joshi
Work experience: 8 years. Both have been managing the fund since July 12, 
2019.
Category Thematic Scheme.
of Scheme
Quantum Offers an avenue to invest in businesses adhering to sustainable practices that will 
drive long
India ESG term performance.Features Invests based on a comprehensive in-house proprietary research on Environment, 
Equity Social andGovernance aspects.
Offers a well-diversified exposure to good quality and sustainable companies with 
Fund relatively low
volatility and downside risk.
Useful for Long term capital appreciation.
43
Performance of Quantum India ESG Equity Fund 
(Direct Plan): Since Inception (July 2019) 
Quantum India ESG Equity Fund
Quantum INDIA ESG Equity Fund NIFTY100 ESG TRI S&P BSE Sensex TRI
140
130
120
110
100
90
80
70
60
12-Jul-19 13-Aug-19 16-Sep-19 17-Oct-19 20-Nov-1919-Dec-19 20-Jan-20 18-Feb-2020-Mar-2024-Apr-2027-May-2025-Jun-20 24-Jul-20 24-Aug-20 22-Sep-20 22-Oct-20 23-Nov-2023-Dec-20
Period
Past performance may or may not be sustained in future. This graph should be reviewed in conjunction with detailed performance of the scheme 
provided on slide number 44
Since inception, QESG based on absolute return has outperformed by 1.54% against the 
benchmark Nifty 100 ESG Index.
NAV
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
Current Value of 10,000 Invested
at the beginning of a given period
Additional Additional 
Benchmark Benchmark
Period Benchmark Benchmark
 
S&P BSE NIFTY
Scheme NIFTY 100 Scheme S&P BSE
Sensex TRI  100 ESG TRI 
Returns (%) ESG TRI (%) (Rs) Sensex TRI (Rs)
(%) (Rs)
1 year 25.72% 22.89% 17.11% 12,580 12,296 11,716
Since Inception (12th July 2019) 21.36% 19.82% 16.55% 13,310 13,061 12,537
 Past performance may or may not be sustained in the future. Data as of 31st December 2020
Load is not taken into consideration in scheme returns calculation Different Plans shall have different expense structure.
 The Schemes has been in existence for more than 1 year but has not yet completed 3 and 5 years period.
 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 51 & 52 
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
Current Value of 10,000 Invested
at the beginning of a given period
Additional Additional 
Benchmark Benchmark
Period Benchmark Benchmark
 
S&P BSE NIFTY
Scheme NIFTY 100 Scheme S&P BSE
Sensex TRI  100 ESG TRI 
Returns (%) ESG TRI (%) (Rs) Sensex TRI (Rs)
(%) (Rs)
1 year 24.95% 22.89% 17.11% 12,502 12,296 11,716
Since Inception (12th July 2019) 20.62% 19.82% 16.55% 13,190 13,061 12,537
 Past performance may or may not be sustained in the future. Data as of 31st December 2020
Load is not taken into consideration in scheme returns calculation Different Plans shall have different expense structure.
 The Schemes has been in existence for more than 1 year but has not yet completed 3 and 5 years period.
 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 51& 52 
Performance of Quantum India ESG Equity Fund
Scheme Name Annualised Standard VaR Sharpe Drawdown
Deviation Ratio
Quantum India ESG Equity Fund 21.8% -42.7%      0.6786 -33.2%
NIFTY100 ESG TRI 26.3% -51.6%      0.5310 -36.9%
NIFTY TRI 27.8% -54.4%      0.3847 -37.9%
Bse-30 TRI 27.2% -53.4%      0.3391 -38.3%
Past performance may or may not be sustained in the future. Data as of 31st December 2020 
47
Diversified Portfolio !
Quantum India ESG Equity Fund is classified as a thematic fund. However, for all practical purposes, 
the fund is a well diversified portfolio across market caps and across sectors
Top 10 Holding Nifty 100 ESG 
Company Weight 
(Weight %) Sector Index Weight %
Infosys Ltd 5.19% %
HDFC Ltd 4.72% Information 18.72% 19.42%
Technology
TCS Ltd 4.47%
Materials 15.15% 7.50%
Wipro Ltd 4.13%
Consumer 
HDFC Bank Ltd 3.80% 16.39% 13.33%Discretionary
Kotak Mahindra Bank Ltd 3.33% Financials 17.17% 30.98%
Tata Consumer Products Ltd 3.28% Consumer Staples 14.01% 4.79%
Marico Ltd 3.11% Communication 3.45% 2.66%
Tata Motors Ltd 2.86% Services
Tata Communications Ltd 2.86% Energy 3.58% 9.62%
Industrials 3.79% 4.37%
Total Weight of Top 10 
37.75% Health Care 2.78% 5.97%
Allocation Utilities 1.25% 1.36%
Source: Quantum Asset Management Company Pvt Ltd
As of  December 31, 2020
Stocks referred above are for illustrative purpose only and not recommendation of Quantum Mutual Fund / AMC. The Fund may or may not have any 
present or future positions in these stocks.  The above information should not be constructed as research report or recommendation to buy or sell of 
any stocks. 
48
Portfolio Characteristics: QESG versus BSE-30 TRI
QESG BSE-30 TRI
Weighted dividend yield 1.20% 1.14%
Weighted EPS Growth: March 2023E 29.10% 28.14%
PEG Ratio (excludes cash) 0.72 0.63 
T12M PE 39.5x 32.1x
Weightage of stocks with PER < 20 83% 88%
Weightage of stocks with PER > 20 17% 12%
Weightage of stocks with PER  > 30 49% 52%
Past performance may or may not be sustained in future. Source: Quantum Asset Management 
Company Pvt Ltd
As of  December 31, 2020
Quantum’s Equity Allocation Suggestion
For diversification across funds and across styles, Quantum suggests, 
100% Equity
60% 20% 20%
Quantum Quantum India 
Equity Fund of ESG Equity Quantum Long 
Funds Fund Term Equity Value Fund
Please seek independent professional advice and arrive at an informed investment decision before making any investments.
Investing Money & Making a 
Difference
 
You Shouldn't Have to Pick 
Between the Two
Other Schemes managed by Mr. Chirag Mehta
Quantum Equity Fund of Funds
Mr. Chirag Mehta is the Fund Manager effective from November 01, 2013.
Period 1 Year 3 Years 5 Years
Scheme Benchmark Scheme Benchmark Scheme Benchmark
 
Returns (%) Returns (%) # Returns (%) Returns (%) # Returns (%) Returns (%) #
Quantum Equity Fund of Funds – 
13.58% 17.87% 5.09% 9.45% NA NA
Regular Plan (Gr)
Past performance may or may not be sustained in the future. Load is not taken into consideration in Scheme Return Calculation. Data as of 31st December,2020. # 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. Chirag Mehta manages 5 schemes of the Quantum Mutual Fund. Regular Plan Launched on April 01, 2017 and has not completed 5 years since 
inception 
Quantum Multi Asset Fund of Funds
Mr. Chirag Mehta Co-managing along with Mr. Nilesh Shetty effective from July 11, 2012.
Period 1 Year 3 Years 5 Years
Scheme Benchmark Scheme Benchmark Scheme Benchmark
 
Returns (%) Returns (%) # Returns (%) Returns (%) # Returns (%) Returns (%) #
Quantum Multi Asset Fund of 
Funds* – Regular Plan (Gr) 13.10% 18.81% 8.37% 13.75% NA NA
Past performance may or may not be sustained in the future. Load is not taken into consideration in Scheme Return Calculation. Data as of 31st December 2020. # 
Indicates CRISIL Composite Bond Fund Index (40%) + S&P BSE SENSEX Total Return Index (40%) + Domestic price of Gold (20%). 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”. Regular Plan Launched on April 01, 2017 
and has not completed 5 years since inception. . 
Other Schemes managed by Mr. Chirag Mehta
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 1 Year 3 Years 5 Years
Benchmark
Scheme Scheme Benchmark Scheme Benchmark
  Returns (%) 
Returns (%) Returns (%) Returns (%) # Returns (%) Returns (%) #
#
Quantum Gold Fund (Gr) 26.15% 27.39% 18.28% 19.46% 13.45% 14.62%
Past performance may or may not be sustained in the future. # Domestic Price of Gold. Data as of 31st December, 2020
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
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
Period 1 Year 3 Years 5 Years
Benchmark
Scheme Scheme Benchmark Scheme Benchmark
  Returns (%) 
Returns (%) Returns (%) Returns (%) # Returns (%) Returns (%) #
#
Quantum Gold Savings Fund– 
Regular Plan (Gr) 26.27% 27.39% 18.13% 19.46% NA NA
Past performance may or may not be sustained in the future.  # Domestic Price of Gold. Data as of 31st December , 2020
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. Regular Plan Launched on April 01, 2017 and has not 
completed 5 years since inception
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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. 
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Thank You
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