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Quantum Equity Fund of Fund is an open ended value oriented diversified equity fund of funds that invests in other equity funds of varying market cap and sectors. Explore the quantitative and qualitative selection criteria that goes into selection of the fund.
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Quantum Equity Fund of Funds • February 2021 • Private &Confidential • Panel Discussion on Asset Classes of Equity, Debt & Gold • Speakers: • Sorbh Gupta – Fund Manager, Equity • Chirag Mehta – Sr. Fund Manager, Alternative Investments • December 17, 2020
4 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 Savings Fund • India’s first fully paperless Online Investing Platform • Quantum Gold Fung • Quantum Nifty ETF • Quantum Tax Saving Fund • Quantum Dynamic Bond Fund • Transactions through Email, WhatsApp & Fax • Launch of Regular Plans • Set up Quantum AMC 2005 2006 2008 2009 2011 2012 2015 2016 2017 2019 • Quantum Long Term Equity Value Fund • Quantum Liquid Fund • Quantum Equity Fund of Funds • “Path to Profit” Launched • Quantum Multi Asset Fund of Funds • Quantum Long Term Equity Fund completes 10-year track record • Quantum India ESG Equity Fund
6 About our Sponsor– Quantum Advisors Pvt. Ltd. • Currently managing an AUM of USD 2.76 Billion (~INR 20,292 crore) as February 28, 2021 • 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 PremWatsa, known as the Warren Buffet of Canada
ABOUT QUANTUM MUTUAL FUND
8 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.1,978.61 Cr. as on 28th February 2021 • Number of Folios: 70,886 as on 28th February 2021
Company Structure 100% subsidiary of QAS
10 Always Putting Investors First, Even Above our Growth in AUM
Usual Mutual Fund Investing Process Out of ~550 Equity schemes • Risk of selecting • Wrong Fund House • Wrong Fund Manager • Wrong Philosophy • Wrong Portfolio • Hassles of transacting in and tracking multiple funds • Biased advice by advisor/distributor/financial planner for commissions Suggestions from Distributors & Bank RMs Own Research You choose 6 – 8 Funds
Investing in Quantum Equity Fund of Funds • Research based Fund selection • Funds with consistent performance across market cycles • Balance between Risk & Return • Avoid Portfolio concentration • Invest in diversified portfolio of Large and Mid Cap • There is just one NAV to track and just one folio – no hassles of making and tracking multiple investments ~550 Equity schemes 6 – 8 Funds in your portfolio
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 <=40% of the portfolio, • Top 10 stocks/holdings <=60% of the portfolio • Portfolio turnover <=100% Funds Disqualified Selected list of funds
Step 2: Scoring (Quantitative criteria) Selected list of funds Apply Phase I Quantitative criteria
Step 2: Scoring (Qualitative Criteria) Selected list of funds Apply Phase II Qualitative criteria
22 Portfolio & Fund Review • Monthly review of chosen funds: • Quantitative Performance Ranking • Portfolio Characteristics • Adherence to mandate • Qualitative assessment - Fund managers are met regularly • Create and monitor a pool of ‘investible’ funds • Re-balancing is done yearly or opportunistically while deploying cash • EXIT MECHANISM: Portfolio Funds not meeting the criteria are given 6 months cooling period unless imperative to replace immediately on review
Performance of Quantum Equity Fund of Funds Fund Manager Mr. Chirag Mehta Work experience: 19years. He has been managing this fund since November 1, 2013. Category of Scheme Fund of Funds Domestic. Exposure to congruous and diligent performer from a cluttered equity fund universe of approximately 500 funds. The risk of wrong selection of funds is reduced as a basket of the finest schemes is chosen with the research & expertise of Quantum. Single manager risk is eliminated as your money is exposed to diverse fund management styles. You can gain exposure to a basket of 6-7 diversified equity schemes with a mere 500 rupees. No hassles of making and tracking multiple investments. A single NAV is all you need to check. The fund can rebalance and reallocate your money from underperforming schemes to better. performing ones in a more tax efficient way. Quantum Equity Fund of Funds Features Useful for • Long term capital appreciation.
Performance of Quantum Equity Fund of Funds Direct Plan – Growth Option The Scheme is managed by Mr. Chirag Mehta effective from November 1, 2013. Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calculation. Data as of 26th February 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 26 and 27
Performance of Quantum Equity Fund of Funds Regular Plan – Growth Option The Scheme is managed by Mr. Chirag Mehta effective from November 1, 2013. • Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calculation. • Data as of 26thFebruary 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 26 and 27.
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 • Past performance may or may not be sustained in the future. # Domestic Price of Gold.Data as of 26th February 2021 • 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 • Past performance may or may not be sustained in the future. # Domestic Price of Gold. Data as of 26th February 2021 • 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.
Other Schemes managed by Mr. Chirag Mehta Quantum India ESG Equity Fund Mr. Chirag Mehta effective from July 12, 2019.Co-managing with Ms. Sneha Joshi effective from July 12, 2019 • Past performance may or may not be sustained in the future. Data as on 26th February 2021 • Different Plans shall have 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 1 Schemes of the Quantum Mutual Fund. # NIFTY 100 ESG TRI. • Quantum Multi Asset Fund of Funds • Mr. Chirag Mehta Co-managing along with Mr. Nilesh Shetty effective from July 11, 2012. • Past performance may or may not be sustained in the future. Load is not taken into consideration in Scheme Return Calculation. Data as of 26th February 2021. # 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.
For additional information, please contact: Sandeep Bhosle AVP- Customer Interaction Email: SandeepB@QuantumAMC.com Mobile: +91-98209-43101 Office :+91-22-6144-7804 Fax :+91-22-2285-4318 Website: www.QuantumAMC.com Quantum Asset Management CompanyPrivate Limited Hoechst House, 6th Floor, Nariman Point Mumbai-400021, India
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. 18thMarch 2021 Mutual fund investments are subject to market risks, read all scheme related documents carefully.
