Pandemic Impact. Economic Recovery. Investment Strategy

1
Pandemic Impact. Economic Recovery. Investment
Strategy Insights Revealed!
Speaker Chirag Mehta, Senior Fund Manager,
Alternative Investments Sorbh Gupta, Fund
Manager, Equity May 21, 2021
2
Covid-19 Second Wave or Tsunami
3
As cases surged in Wave 2, Europe Increased
Testing over 7 months India in month 3, needs
more Testing
3,000,000 2,500,000 2,000,000 1,500,000 1,
000,000 500,000 -
2,150,991
1,094,007
930,340
740,747
334,950
203,608
190,092
189,411
142,820
117,763
India
France
Italy
Switzerland
UK
Day 1 of Second Wave As of Date (April
2021) Note We have considered Day 1 of second
wave for European Nations as 01st Oct 2021 and
for India as 01st Feb 2021 Source
www.ourworldindata.org
4
Fewer test may result in lower Total Cases /
Million
90,000
81,216
80,000
74,701
70,000
65,852
65,187
60,000 50,000 40,000 30,000 20,000
12,290
9,082
7,802
6,817
6,220
10,000
5,250
-
India
France
Italy
Switzerland
UK
Day 1 of Second Wave
As of Date (April 2021)
Note We have considered Day 1 of second wave for
European Nations as 01st Oct 2021 and for India
as 01st Feb 2021 Source www.ourworldindata.org
5
Lower cases reported will see lower Total Deaths
/ Million due to COVID
2,500
1,983
2,000
1,881
1,523
1,500
1,223
1,000
623
594
470
500
240
146
112
-
India
France
Italy
Switzerland
UK
Day 1 of Second Wave As of Date (April
2021) Note We have considered Day 1 of second
wave for European Nations as 01st Oct 2021 and
for India as 01st Feb 2021 Source
www.ourworldindata.org
6
Doctors, Nurses and Hospital Beds per 100,000
population
Countries Hospital beds per 100,000 people Doctors per 100,000 people Nurses per 100,000 people
India 136 86 170
China 430 200 270
Srilanka 420 100 220
USA 290 260 1450
Germany 800 420 1320
Japan 1300 240 1220
World Average 290 160 380
World Bank Database
7
Global Comparison of Healthcare spends
Countries Public Expenditure as of GDP Total Healthcare Spends as of GDP Share of Out of Pocket expenses
India 1.3 3.6 64.0
Japan 9.2 10.9 15.6
China 2.9 4.5 35.8
USA 14.3 16.9 15.4
South Korea 4.8 7.1 32.5
Germany 9.5 11.2 15.2
UK 7.5 9.0 16.3
Source https//data.worldbank.org
https//www.livemint.com/news/india/india-s-econom
y-needs-big-dose-of-health-spending-11586365603651
.html https//prsindia.org/budgets/parliament/de
mand-for-grants-analysis-health-and-family-welfare
Union budget 2020
8
Vaccine Rollout A Slow Start
9
Scenario 1 Covid-19 recedes
10
Asset Class Outlook for 2021 if Covid-19 Recedes
Equities gt Debt, Gold
Central banks stay accommodative for some time
before tapering
Corporate and government balance sheets improve
Strong wave of spending
Increase in inflation
Equities
Equities
Equities
Equities
Debt
Debt
Debt
Debt
Gold
Gold
Gold
Gold
11
Scenario 2 Covid-19 lingers
12
Asset Class Outlook for 2021 if Covid-19 Lingers
Debt, Gold gt Equities
Lower taxes, lower GDP and higher spending will
increase Government deficit
Recessionary conditions less spending
Central Banks stay accommodative to boost growth
Liquidity will lead to asset price inflation
Equities
Equities
Equities
Equities
Debt
Debt
Debt
Debt
Gold
Gold
Gold
Gold
13
Bank on Stability
14
Are low falling FD rates bothering you?
14
14
Bank FD interest 12
rates 10
SBI 2.90 - 5.40 8
HDFC 2.50 - 5.50
ICICI 2.50 - 5.50 6
Axis 2.50 - 5.75 4
Kotak 2.50 - 5.30 2
Data as of May 10th 2021
SBI 1 year FD rate
Source FD Interest Rates - Compare Best Fixed
Deposit Rate in India, 10 May 2021
(myloancare.in). Bloomberg, SBI
15
FD could be a long term losing proposition
Consumer Basket 1990 2000 2010 2015 2020 CAGR
TOTAL SPENDING PER ANNUM 23,759 68,923 151,279 280,064 427,619 10.1

Price of gold, INR/10 grams 3,409 4,528 18,268 26,335 50,104 9.4
Units ( Grams) of gold to consume my basket 70 152 83 106 85

BSE SENSEX 730 4,659 15,585 26,557 47,751 14.9
Units of BSE-30 Index to consume my basket 33 15 10 11 9

Fixed Deposit Basket Index Value (Value of initial investment Jan 1, 1990 1000) (SBI 1 Year Deposit Rate) 1,064 2,220 3,550 4,628 5,814 6.0
Units of FD Basket to consume my basket 22 31 43 61 73
Past performance may or may not sustained in
future Quarterly compounding and Tax rate on
Fixed Deposit assumed to be 30
16
Other assets have done well but its a challenge
to pick winners amidst volatility
16
There have been years when equity markets had a
brilliant run, years when only bonds were
dependable, and years when gold shined the
brightest, and these periods did not typically
overlap
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Sensex 49 Sensex 49 Gold 26 Sensex 83 Gold 23 Gold 32 Sensex 28 Sensex 11 Sensex 32 Bonds 9 Bonds 13 Sensex 30 Gold 8 Gold 16 Gold 28 Sensex 2
Gold 20 Gold 16 Bonds 9 Gold 24 Sensex 19 Bonds 7 Gold 12 Bonds 4 Bonds 14 Sensex -4 Gold 11 Gold 5 Sensex 7 Sensex 14 Sensex 17 Bonds 0.3
Bonds 4 Bonds 7 Sensex -52 Bonds 4 Bonds 5 Sensex -24 Bonds 9 Gold -5 Gold -8 Gold -7 Sensex 3 Bonds 5 Bonds 6 Bonds 11 Bonds 12 Gold -5
Past performance may or may not sustained in
future The chart ranks the best to worst
performing indexes per calendar year from top to
bottom Data as of April 2021 Past performance
may or may not be sustained in future. Based on
SP BSE Sensex Domestic Gold prices and CRISIL
Composite Bond Fund Index Source Bloomberg
Imagine someone holding an all equity portfolio
in 2008, or holding none in the equity rally
that followed?
17
BLACK SWAN OR BLACK CROW?
26 years, 17 dislocations maybe 4 unexpected

• 1994 the Harshad Mehta scam,
• 1995 the Mexico tequila crisis and the collapse
  of Emerging Markets,
• 1997 the Asian crisis and the collapse of
  Emerging Markets,
• 1998 the bankruptcy of Russia and hedge fund
  Long Term Capital Management,
• 2000 the collapse of the tech bubble,
• 2001 9/11 and the bankruptcy of Unit Trust of
  India,
• 2003 SARS, the Iraq war
• 2008 the bankruptcy of Lehman, the Global
  Financial Crisis
• 2013 Bernanke's twist led to India's collapse
• 2016 Demonetization and the Great Indian
  Economic Slowdown
• 2018 bankruptcy of ILFS
• 2019 Cooperative banks and developers going
  bust,
• 2020 YES Bank, COVID-19

18
Portfolio Impact of Diversification
If you compound your money at 12 per year you
are better off than an investor who makes 25 in
one year and loses 20 in the next
18
Risk-Return Equity Debt Gold Equity Debt Equity Debt Gold
CAGR 11.05 11.00 12.53 7.24 11.41
Annualized SD 9.41 13.53 22.15 3.29 17.37
VAR -15.53 -22.32 -36.55 -5.43 -28.67
Maximum Drawdown -21.43 -36.08 -56.17 -6.29 -25.22
Sharpe Ratio 0.5332 0.3674 0.2936 0.3662 0.3094
Time frame is November 2004 to April 2021. The
period is taken from 2004 since the asset
allocation weights are calculated based on
normalizing the historical monthly equity and
debt indicators. Given the normalization time
frame used in the strategy, data availability for
certain parameters beyond the time frame analyzed
was a constraint. Compiled by Quantum
AMC Equity-Debt-Gold in ratio of 40-40-20.
Equity-Debt allocated in 60-40 range
Based on Sensex TRI, Crisil Composite Bond fund
index, and Domestic Gold Prices Note Past
performance may or may not be sustained in the
future
The most diversified strategy yields similar
returns with the lower volatility, compared to a
pure equity strategy
19
Performance of Quantum Multi Asset Fund of Funds
Direct Plan Growth Option
The Scheme is co-managed by Mr. Chirag Mehta and
Mr. Nilesh Shetty since July 11, 2012.
Period Current Value of 10,000 Invested at the beginning of a given period Current Value of 10,000 Invested at the beginning of a given period
Period Scheme Returns () Benchmark Returns () SP BSE Sensex TRI Returns () Scheme (Rs) Benchmark (Rs) SP BSE Sensex TRI (Rs.)
1 year 16.00 20.01 46.26 11,600 12,001 14,626
3 years 8.55 11.49 12.85 12,795 13,863 14,377
5 years 9.21 11.22 15.15 15,544 17,026 20,260
7 years 9.26 10.54 13.23 18,596 20,175 23,874
Since Inception (11th July 2012) 9.50 10.42 13.84 22,254 23,944 31,329
Past performance may or may not be sustained in
the future. Load is not taken into consideration
in scheme returns calculation. Data as of 30th
April 2021 Different Plans shall have different
expense structure. Returns are calculated on the
basis of Compounded Annualized Growth Rate
(CAGR). Benchmark has been changed from Crisil
Composite Bond Fund Index (40) SP BSE SENSEX
Total Return Index (40) Domestic price of gold
(20) to CRISIL Composite Bond Fund Index (20)
SP BSE Total Return Index (40) CRISIL
Liquid Index (25) Domestic Price of Gold (15)
with effective from April 01, 2021. It is a
customized index and it is rebalanced daily. For
performance of other Schemes Managed by Mr.
Chirag Mehta please see slide number 31,51 52.
For performance of other Schemes Managed by Mr.
Nilesh Shetty please see slide number 44.
20
Quantum Multi Asset Fund of Fund
An example of dynamic asset allocation
Equity allocation
Sensex TRI
75000
65.00
60.00
60000
55.00
50.00
45000
45.00
30000
40.00
35.00
15000
30.00
0
25.00
Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13
Aug-13 Oct-13 Dec-13 Feb-14 Apr-14 Jun-14
Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15
Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16
Aug-16 Oct-16 Dec-16 Feb-17 Apr-17
Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 Apr-18
Jun-18 Aug-18 Oct-18 Dec-18 Feb-19
Apr-19 Jun-19 Aug-19 Oct-19 Dec-19
Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20
Feb-21 Apr-21
Data as of April 2021 Source Quantum MF Note
Past performance may or may not be sustained in
future.
21
90 of the time, you would have been better off
than a FD
21
Quantum Multi Asset Fund of Funds
250 240 230 220 210 200 190
Total Days 3215 Down Days 336 Down Days
10.45
SBI 1 year deposit
CRISIL Composite Bond Fund Index (20) SP BSE
Total Return Index (40) CRISIL Liquid
Index(25) Domestic price of Gold (15)
N 180
A 170
Returns since inception 9.50 Standard
Deviation 5.99 (Annulised since inception)
V
160 150 140 130 120 110 100 90
(Base 100, as on 11th July 2012)
11-Jul-12 30-Apr-21
Period
Past performance may or may not be sustained in
future. The comparison with Fixed Deposits has
been given for the purpose of the general
information only and not a recommendation to
invest. Investments in Quantum Multi Asset Fund
of Funds / mutual funds should not be construed
as a promise, guarantee on or a forecast of any
minimum returns. Unlike fixed deposit with Banks
there is no capital protection guarantee or
assurance of any return in Quantum Multi Asset
Fund of Funds / mutual funds investment.
Investment in Quantum Multi Asset Fund of Funds
as compared to Fixed Deposits carry moderately
high risk, different tax treatment and subject to
market risk and any investment decision needs
to be taken only after consulting the Tax
Consultant or Financial Advisor. Source
Bloomberg, Quantum AMC The performance shown in
the graph should be reviewed in conjunction with
detailed performance of the scheme provided on
slide number 19
22
84 of the time, you would have been better off
on a 3-Year rolling basis
QMAFOF 3 years rolling returns Total Days 2120
16
Down Days 336 Down Days 15.85
SBI FD 3 years rolling returns
14
CRISIL Composite Bond Fund Index (20) SP BSE
Total Return Index (40) CRISIL Liquid
Index(25) Domestic price of Gold (15) 3 years
rolling returns
12 10 8 6 4 2 0
July, 15 August, 15 September, October,
15 November, 15 December, 15 January,
16 February, 16 March, 16 April, 16 May, 16 June,
16 July, 16 August, 16 September, October,
16 November, 16 December, 16 January,
17 February, 17 March, 17 April, 17 May, 17 June,
17 July, 17 August, 17 September, October,
17 November, 17 December, 17 January,
18 February, 18 March, 18 April, 18 May, 18 June,
18 July, 18 August, 18 September, October,
18 November, 18 December, 18 January,
19 February, 19 March, 19 April, 19 May, 19 June,
19 July, 19 August, 19 September, October,
19 November, 19 December, 19 January,
20 February, 20 March, 20 April, 20 May, 20 June,
20 July, 20 August, 20 September, October,
20 November, 20 December, 20 January,
21 February, 21 March, 21 April, 21
Past performance may or may not be sustained in
future. The comparison with Fixed Deposits has
been given for the purpose of the general
information only and not a recommendation to
invest. Investments in Quantum Multi Asset Fund
of Funds / mutual funds should not be construed
as a promise, guarantee on or a forecast of any
minimum returns. Unlike fixed deposit with Banks
there is no capital protection guarantee or
assurance of any return in Quantum Multi Asset
Fund of Funds / mutual funds investment.
Investment in Quantum Multi Asset Fund of Funds
as compared to Fixed Deposits carry moderately
high risk, different tax treatment and subject to
market risk and any investment decision needs to
be taken only after consulting the Tax Consultant
or Financial Advisor. Source Bloomberg, Quantum
AMC The performance shown in the graph should be
reviewed in conjunction with detailed performance
of the scheme provided on slide number 19
23
Unbiased, dynamic and agile asset allocation..
Asset class Range of Exposure Fund
Equity 25-65 Quantum Long Term Equity Value Fund, Quantum Nifty ETF, Quantum India ESG Equity Fund
Debt 25-65 Quantum Liquid Fund, Quantum Dynamic Bond Fund
Gold 10-20 Quantum Gold Fund (ETF)
Past performance may or may not sustained in
future
24
Bank on Sustainability
25
Sustainability Initiatives
25
managed by

• Business professional

CEO despite

• promoter holding of 60
• 5 of 9 Board members are independent
• 37 of the material from
• renewable sources
• 93 of packaging material is recyclable
• Implemented responsible
• sourcing guidelines in 2017

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.
26
Examples of irresponsible corporate behavior and
their consequences
26
ENVIRONMENTAL
Affected element Irresponsible behavior Irresponsible behavior Consequence
Water Inadequate and poor proper waste management system Inadequate and poor proper waste management system Litigation and fines Bad reputation Protests by community members and organizations Negative media attention Stalled projects
Air Use of traditional technologies to produce high-end products which lead to higher pollution Use of traditional technologies to produce high-end products which lead to higher pollution Litigation and fines Bad reputation Protests by community members and organizations Negative media attention Stalled projects
Land Unchecked deforestation and mining can make the ground unsuitable for plant life Unchecked deforestation and mining can make the ground unsuitable for plant life Litigation and fines Bad reputation Protests by community members and organizations Negative media attention Stalled projects
SOCIAL
Affected element Irresponsible behavior Consequence Consequence
Supplier Low cost suppliers Litigation, bad reputation, product boycotts, Protests by community members and organizations Negative media attention Litigation, bad reputation, product boycotts, Protests by community members and organizations Negative media attention
Employee Unfair wages or poor working conditions Strikes and factory shutdowns liabilities in case of injury or death of employee sexual harassment cases inability to attract and retain good talent Strikes and factory shutdowns liabilities in case of injury or death of employee sexual harassment cases inability to attract and retain good talent
Customer Low quality raw materials Consumer complaints, refunds, fewer repeat purchases, loss of market share, bad reputation, risk of litigation Consumer complaints, refunds, fewer repeat purchases, loss of market share, bad reputation, risk of litigation
27
A Positive Correlation Between Sustainability and
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
Lower risk of severe incidents Low cost of
capital
Strong ESG profile
Better risk management
Lower tail risk
Strong ESG profile
Low systematic risk
High valuation
28
Evidence of Stock Price Reaction to Negative News
Stock News Issue Date Share price drop on NSE
JK Bank Investigations against the former chairman following allegations that he offered loans worth crores to people recommended by politicians, placed his relatives in plum positions, and for even diverting funds meant for the banks corporate social responsibility (CSR) initiative Governance June -19 20 in 1 day
Sun Pharma A whistleblower email claims Sun Pharma promoter Dilip Shanghvi and his brother-in- law engaged in financial irregularities with stock market scam accused Dharmesh Doshi Governance Dec-18 26 in 2 months
Manpasand Beverages Deloitte resigned as statutory auditor before Q4 results saying in a letter to the board that the company didnt provide significant information. Governance May -18 40 in 2 days
Vakrangee Company came under the SEBI scanner for alleged price and volume manipulation of its own scrip on the BSE Governance Feb-18 48 in 5 days
Vedanta Government rejected Vedantas bauxite mining plans in Niyamgiri Social Environment Jan-14 66 in 2 years
Satyam Computer Services Chairman confessed to accounting fraud to the tune of ?7,000 crore and to falsifying revenues, margins and cash balances of the company. One of the largest accounting frauds, which raised serious questions on Indias corporate governance standards as well as the credibility of auditors. Governance Jan-09 78 in 1 day
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.
29
ESG Indices Versus Equity Indices
29
400
MSCI India ESG Leaders Index
350
NIFTY 100 ESG Index
300
NIFTY Index
250
BSE 200 Index
200
MSCI India Index
150 100 50 -
Apr 2011 Jul 2011 Oct 2011 Jan 2012 Apr 2012 Jul
2012 Oct 2012 Jan 2013 Apr 2013 Jul 2013 Oct
2013 Jan 2014 Apr 2014 Jul 2014 Oct 2014 Jan
2015 Apr 2015 Jul 2015 Oct 2015 Jan 2016 Apr
2016 Jul 2016 Oct 2016 Jan 2017 Apr 2017 Jul
2017 Oct 2017 Jan 2018 Apr 2018 Jul 2018 Oct
2018 Jan 2019 Apr 2019 Jul 2019 Oct 2019 Jan
2020 Apr 2020 Jul 2020 Oct 2020 Jan 2021 Apr 2021
Higher returns over long duration, Lower downside
risk, Less volatile, Sustainable Profitability
As on April 30, 2021. Data Source Bloomberg,
LLP Past performance may or may not sustained in
future
30
ESG is more about Identifying Opportunities
Governance - Board / Management / Ethics
Environment and Social Externalities'
Financial Strength
Growth Capital Efficiency
Disruptive Change
31
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 Current Value of 10,000 Invested at the beginning of a given period Current Value of 10,000 Invested at the beginning of a given period
Period Benchmark Additional Benchmark Benchmark Additional Benchmark
Period Scheme Returns () NIFTY 100 ESG TRI () SP BSE Sensex TRI () Scheme (Rs) NIFTY 100 ESG TRI (Rs) SP BSE Sensex TRI (Rs)
1 Year 61.20 54.08 46.26 16,120 15,408 14,626
Since Inception (12th July 2019) 23.04 19.85 14.81 14,540 13,867 12,832
Past performance may or may not be sustained in
the future. Data as of 30th April , 2021 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 19, 51
52. Mr. Chirag Mehta manages 5 schemes of Quantum
Mutual Fund.
32
Equities Questions in Investors Mind
Equities Resilient or Complacent?
33
Though localized, all of India is under some kind
of restriction
34
Covid-19 Lockdown déjà vu This Time is
Different How is Corporate India Placed ?
The lockdowns are lesser stringent this
time. Corporate Balance-Sheet are better.
The focus has been on debt reduction and
liquidity Last one year has been all about cost
control and business continuity Pvt. Banks
NBFCs have raised capital and are best
capitalized in last 10 years As Global Recovery
is intact, export companies and commodity
producers are comfortably placed
35
Corporate India Listed Companies Are Faring
Better
36
Smaller Companies are Losing Market Share
Sales Growth
Fixed Assets
30
30
20
20
10
10
0
-10
0
-20
-10
-30
-20
-40
-50
-30
-60
-40
Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13
Dec-13 Jun-14 Dec-14 Jun-15 Dec-15 Jun-16
Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19
Dec-19 Jun-20 Dec-20
Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13
Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16
Sep-16 Mar-17 Sep-17 Mar-18 Sep-18 Mar-19
Sep-19 Mar-20 Sep-20
Top 3 Deciles
Bottom 3 Deciles
Top 3 Deciles
Bottom 3 Deciles
CMIE- Economic Outlook, Data as on December 2020
37
Business Strength of Larger Companies Reflect in
Equity Returns Over Long Term
Data as on 31st March 2021 Past performance may
or may not sustained in future
38
Spiking PER Overstates Valuation Given The June
Quarters Gap Down
Source Bloomberg Finance L.P., as March, 2020
Past Performance may or may not be sustained in
future.
39
Estimates Corrected Sharply during first wave.
Have seen upgrades since then
Data as on 30th April 2021 Past performance may
or may not sustained in future
40
Earning upgrades driven by margin expansion Real
test of upgrade cycle will start now
EBITDA vs Revenue Growth (FY21) 1Q21 2Q21 3Q21 4Q21
No. of Firms (A) 80 80 80 28
Firms with EBITDA outperformance YoY (B) 27 60 57 20
(B)/(A) 34 75 71 71
Firms with EBITDA outperformance QoQ (C) 36 52 41 10
(C)/(A) 45 65 51 36
EBITDA Margins (FY21) 1Q21 2Q21 3Q21 4Q21
No. of Firms (A) 80 80 80 28
Firms with margin Improvements YoY (B) 27 60 58 20
(B)/(A) 34 75 73 71
Firms with margin Improvements QoQ (C) 40 61 42 10
(C)/(A) 50 76 53 36
As of now 28 firms have come out with results
in 4q21 Out of BSE 100 20 firms are
financials hence not considered for analysis
Past performance may or may not sustained in
future. Source Bloomberg
41
Myth 1- India will grow 8 P.A
Real GDP growth rate across 10 governments has
been 6.3 p.a. over the last 39 years 6.5 is a
good long-term assumption 8 is NOT a good
long-term assumption!
Source RBI and www.parliamentofindia.nic.in as
of June 2019. Note The number in red rectangle
is from a changed data series starting Jan 2015.
While a superior series, there is no
comparable number to equate the New with the
Old. Most economists deduct 0 to 1.5 from the
New to equate to the Old therefore under
Modi, the GDP has been at 5.9 at best matching
the 5.6 under the BJP-led coalition government
of Vajpayee that resulted in a rout for the BJP
at the time of the next election in 2004! Please
note that data used for World GDP for 2017 is a
median Estimate since World Bank data is not yet
available and India GDP data is governments
second advance estimate released at the end
of May.
42
Lockdowns Need to be Contained Indias Biggest
Risk Jobs Income
43
Fund Manager Mr. Sorbh Gupta Work experience 15 years. He has been managing this fund Since December1, 2020. Mr. Nilesh Shetty Work experience 16 years. He has been managing this fund Since March 28, 2011.
Category of Scheme Value Fund
Features Uses bottom-up stock selection process used to minimize risk. Follows disciplined research and investment process. Low portfolio turnover. Holds cash when stock are overvalued - no derivatives and no hedging. A well-balanced portfolio typically 25 to 40 stocks, across sector.
Useful for Retirement Planning. Childs Education. Childs Marriage. Wealth Creation.
Quantum Long Term Equity Value Fund
44
Performance of Quantum Long Term Equity Value
Fund Direct Plan Growth Option
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.
Period Current Value of 10,000 Invested at the beginning of a given period Current Value of 10,000 Invested at the beginning of a given period Current Value of 10,000 Invested at the beginning of a given period
Period Benchmark Additional Benchmark Benchmark Additional Benchmark
Period Scheme Returns () SP BSE 200 TRI () SP BSE Sensex TRI () Scheme (Rs) SP BSE 200 TRI (Rs) SP BSE Sensex TRI (Rs)
1 year 57.24 53.92 46.26 15,724 15,392 14,626
3 years 7.82 11.46 12.85 12,538 13,851 14,377
5 years 11.17 15.09 15.15 16,991 20,209 20,260
7 years 12.31 14.43 13.23 22,546 25,710 23,874
10 years 11.47 11.84 11.35 29,659 30,659 29,328
Since Inception (13th Mar 2006) 13.39 12.12 11.99 67,030 56,564 55,546
Past performance may or may not be sustained in
the future. Load is not taken into consideration
in scheme returns calculation. Data as of 30th
April 2021 Different Plans shall have different
expense structure. Returns are calculated on the
basis of Compounded Annualized Growth Rate
(CAGR). with effect from February 01,2020
benchmark has been changed from SP Sensex TRI to
SP BSE 200 TRI. As TRI data is not available
since inception of the scheme, benchmark
performance is calculated using composite CAGR
SP 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. Sorbh Gupta please see slide number 53 and
for performance of other Schemes Managed by Mr.
Nilesh Shetty please see slide 19
45
Quantum Long Term Equity Value Fund A Must have
Equity Diversified Fund
Value Oriented Equity Diversified Fund since
March 2006 Well balanced portfolio typically
25 to 40 stocks, across sectors Instrumental for
Long Term Financial Goals like Retirement,
Childs Education, Childs Marriage Wealth
Creation A disciplined research and investment
process Low portfolio turnover Buy after
Conviction, Hold it for long Holds shares or
cash No derivatives, No hedging
46
Portfolio geared to benefit from the economic
recovery at the same time minimizing risk of
permanent loss of capital
Winter crop (Rabi) production has been robust
monsoon is expected to be normal. The recent
surge in agri commodity prices will help farm
income. Some of the portfolio stocks are well
positioned to benefit from strong agri rural
economy High quality stocks in IT, Consumer
discretionary, Banking Capital goods, available
at reasonable valuations were added to the
portfolio in the correction in February March
2020 Higher weight in Cyclicals like NBFCs
Consumer discretionary should aid performance in
an economic recovery Portfolio stocks look
comfortable after stress test - have strong
balance-sheet or strong parentage to survive the
downturn Existing cash holding will be used to
add new names in case of correction
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2021 Boom Bust, Evenly Poised

• Boom
• Real economic activity continue to revive
  corporate earning upgrade happen
• Real estate revives stamp duty cut, lower
  interest rates spur real estate demand
• Factories relocate from China to India
• Foreign flows FDI FII driven by higher yields
  and faster growth
• Bust
• Poor Government Policy
• Resurgence in Covid cases, Poor execution of
  Vaccine rollout
• Rising Inflation could dampen Demand Recovery

48
2021- A Simple Asset Allocation Strategy to Deal
with Market Cycles
49

Solutions to meet Sustainable Development Goals
SGD-17
SMILE
WHAT IS SMILE?
THE SMILE STORY
OUTCOME SO FAR
SMILE was born out of our desire to support
credible NGOs and create a steady stream of
money flow for them
Since 2018, Quantum MF investors have supported
7 NGOs from diverse sectors via the SMILE
facility
SMILE enables Quantum MF investors to contribute
10 of their investment in eligible schemes to
charities vetted by HelpYourNGO
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SMILE Process Flow
INVEST IN SMILE FACILITY Q Long Term Equity Value
Fund Q Equity Fund of Funds Q Dynamic Bond
Fund Q Multi Asset Fund of Funds Q Gold Savings
Fund Q Liquid Fund
DONATE TO NGOS
DONATION RECEIPTS
HelpYourNGO sends donation receipts and
80G Liaises with NGO grantees Monitors reviews
Donated to NGOs selected by investors and
vetted by HelpYourNGO
Q Stands for Quantum for scheme names
Investors receive periodic program reports from
HelpYourNGO on the NGOs supported by them
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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 1 year 3 years 3 years 5 years 5 years
Scheme Returns () Benchmark Returns () Scheme Returns () Benchmark Returns () Scheme Returns () Benchmark Returns ()
Quantum Gold Fund (Gr) -1.17 -0.37 13.37 14.44 7.89 8.94
Past performance may or may not be sustained in
the future. Domestic Price of Gold. Data as of
30th April , 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
Period 1 year 1 year 3 years 3 years 5 years 5 years
Scheme Returns () Benchmark Returns () Scheme Returns () Benchmark Returns () Scheme Returns () Benchmark Returns ()
Quantum Gold Savings Fund Direct Plan (Gr) -3.38 -0.37 13.17 14.44 8.19 8.94
Quantum Gold Savings Fund Regular Plan (Gr) -3.46 -0.37 13.05 14.44 NA NA
Past performance may or may not be sustained in
the future. Domestic Price of Gold. Data as of
30th April , 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.
52
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 1 year 3 years 3 years 5 years 5 years
Scheme Returns () Benchmark Returns () Scheme Returns () Benchmark Returns () Scheme Returns () Benchmark Returns ()
Quantum Equity Fund of Funds Direct Plan (Gr) 47.42 53.92 8.30 11.46 12.83 15.09
Quantum Equity Fund of Funds Regular Plan (Gr) 47.06 53.92 8.09 11.46 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 30th
April , 2021. SP 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
53
Other Schemes managed by Sorbh Gupta
Quantum Tax Saving Fund Mr. Sorbh Gupta is the
Fund Manager effective from October 1, 2016.
Period 1 year 1 year 3 years 3 years 5 years 5 years
Scheme Returns () Benchmark Returns () Scheme Returns () Benchmark Returns () Scheme Returns () Benchmark Returns ()
Quantum Tax Saving Fund- Direct Plan (Gr) 56.74 53.92 7.91 11.46 11.34 15.09
Quantum Tax Saving Fund- Regular Plan (Gr) 55.98 53.92 7.46 11.46 N.A. N.A.
Past performance may or may not be sustained in
the future. Data as of 30th April , 2021 SP
BSE 200 TRI. With effect from February 01,2020
benchmark has been changed from SP Sensex TRI to
SP 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 co-manages 2 scheme of
the Quantum Mutual Fund.
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Product Label
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Product Label
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Disclaimer Terms of Use
For AMFI/NISM Certified partners only. For
private circulation only. 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. 21st May 2021 Mutual fund
investments are subject to market risks, read all
scheme related documents carefully.
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