Quantum Tax Saving Fund

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Quantum Tax Saving Fund
February 2022 Private and Confidential
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TABLE OF CONTENTS
About Us About Quantum Mutual Fund Our Research
and Investment Process Benefits Features of
QTSF Performance of the Fund
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ABOUT US
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Group Update The Past 25 Years
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• 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

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Our Journey so Far

• Quantum Gold Savings Fund
• Indias first fully paperless Online Investing
  Platform

• Quantum Dynamic Bond Fund
• Transactions through Email, WhatsApp Fax

• Quantum Gold Fund
• Quantum Nifty ETF
• Quantum Tax Saving
• Fund

• Set up Quantum
• AMC

• Launch of
• Regular Plans

2005
2006
2008
2009
2011
2012
2015
2016
2017
2019

• Quantum Long Term Equity Value Fund completes
  10-year track record

• 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 India ESG Equity Fund

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About our Sponsor Quantum Advisors Pvt. Ltd.
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• Currently managing an AUM of USD 2.61 Billion
  (INR 19,671 crore) as February 28, 2022.
• 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

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ABOUT QUANTUM MUTUAL FUND
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About Quantum Mutual Fund
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• 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 Indias 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.1,947.73 Cr. as on February
  28, 2022.
• Number of Folios 75,634 as on February 28, 2022.

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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 Group Head (Equities) 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 Bachelors degree in
  commerce from Osmania University in 1983 and his
  Law degree from Osmania University in 1986. He is
  a CFA Charter holder.
• 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
  Accountants 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.

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Always Putting Investors First, Even Above our
Growth in AUM
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Quantum Mutual Fund SEBI Imposes Rule on MF Industry
Refused to follow the opaque Entry Load Model Mar 2006 Jun 2009
Pioneered Direct to Investor, despite Slow Internet Speed and No Smart Phones Mar 2006 Jan 2013
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 benchmark for Equity Fund Mar 2006 Jan 2018
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 maturity Jul 2012 April 2020
ZERO Upfront Distributor Commission and uniform trail commission across all partners on Regular Plan Apr 2017 Sep 2018
TER based on AUM Slabs Feb 2017 April 2019
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Profile of Management Team - QAMC
Jimmy Patel MD CEO (2010) Jimmy Patel has over
3 decades of experience in the financial services
sector, and has held various key management
roles. Along with holding a Chartered
Accountants 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. Rina Nathani Chief Business
Officer (2020) Rina has over 20 years of
experience in building businesses, advising
companies and leading teams to successful
outcomes. Prior to joining Quantum AMC, Rina was
a Director in KPMGs Advisory Practice in the US
and Head Retail Businesses at Suminter India
Organics, India. She has done Masters in
Management Studies from Jamnalal Bajaj institute
of Management Studies (JBIMS). Malay Vora Head -
Legal Compliance (2008) Malay Vora has more
than 15 years of experience in Legal, Compliance
and Corporate Secretarial matters in the
financial service industry. He is a Commerce and
Law Graduate and an Associate Member of Institute
of Company Secretaries in India. Malay is the
Head of Legal Compliance and the Compliance
Officer for Quantum AMC. He has been associated
with Quantum since 2008. He has been a member of
SEBI and AMFI Committee.
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Sandeep Bhosle VP - Investor Interaction
(2011) Sandeep Bhosle has more than 18 years of
experience in Financial Services and Market
Research. He a Post Graduate in Marketing
Management. He has Completed Medium and Small
Scale Industries Management Development Program
from NMIMS. Prior to Quantum AMC, he has been
with ICICI Prudential and Birla Sunlife Insurance
and has been instrumental in developing Rural
Markets and New Initiatives, Process Quality,
Loyalty Programs, RR 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.
Meera Shetty Head - Investor Services
(2006) Meera Shetty 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.
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Portfolio Team Equity
Nilesh Shetty (2009) Nilesh has more than 18
years of experience in research. He has been a
part of Quantum Asset Management Company since
2009, and at present is the Fund Manager for
Quantum Long Term Equity Value Fund and Quantum
Multi Asset Fund of Funds. Nilesh is a qualified
CFA (Chartered Financial Analyst), ACMA (CIMA,
UK) and has completed his Masters in Management
Studies (Finance) from the Mumbai University.
Sneha Joshi (2015) Sneha has over 9 years of
experience in economic, credit and quantitative
research. She holds a Ph.D. in Economics and has
earned an M.A. in Economics from Gokhale
Institute of Politics and Economics. She joined
Quantum AMC in August, 2015. Prior to joining
Quantum, she was associated with Credit Capital
Research as a fixed income research analyst.
Sorbh Gupta (2011) Sorbh has more than 16 years
of experience in equity research as well as
managing funds. At present hes the Fund
Manager for Quantum Long Term Equity Value Fund
Quantum Tax Saving Fund. Hes Qualified as a
Chartered Accountant and has completed all the 3
levels of CFA. Sorbh brings with him a wealth of
experience of having tracked varied sectors in
his previous work assignments. Prior to joining
Quantum, he was associated with Siddhesh Capital
Private Ltd.
Hitendra Parekh (2004) Hitendra has close to 3
decades of experience in financial services
industry. Prior to working with Quantum, he has
been with the Unit Trust of India for 4 years and
UTI Securities Ltd for 9 years. He has completed
his B.Com Masters in Financial Management from
Mumbai University.
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Portfolio Team Non Equity
Ghazal Jain (2020) Gold/Commodities Ghazal has
over 5 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
Pankaj Pathak (2013) Fixed Income Pankaj has
over 12 years 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).
Chirag Mehta (2006) Gold/Commodities Chirag has
19 years of experience in the Indian commodities
markets. He also specializes in the field of
alternative investment strategies. He 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 of Funds 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.
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Criteria to Select a Good Fund House

• What is the background?
• What is the experience?

PEOPLE

• Is there a clearly defined investment philosophy
  across all market situations or is this a
  ride-the-wave, bull-market manager?

PHILOSOPHY

• What is the research and investment process and
  how reliable is it?

PROCESS

• Given the process, is the performance as
• predictable as it should be?

PERFORMANCE
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Diversify your investments with our easy
12-20-80 Asset Allocation Strategy
Please note the above is a suggested fund
allocation and not to be considered as an
investment advice or recommendation
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OUR RESEARCH INVESTMENT PROCESS
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Value Investing Quantum Mutual Fund

• We follow the Value investing strategy that
  involves buying companies at discounts to their
• long-term intrinsic value
• We focus on the long term potential of the
  business
• We normalize our assumptions - we do not value
  the companies on the basis of peak or trough
• margins
• While valuing the company, we would generally
  give a 40 discount to its intrinsic value to set
  our buy limits
• Typical characteristics of the portfolio
  following Value Investing strategy
• Low price to earnings ratio
• Low price to book ratio
• Low price to sales multiple
• Low price to cash flow
• High dividend yield

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Our Investment Criteria - Value

• 01 Evaluate
• The business of the
• company
• The environment in which it operates
• The management, and their long-term goals
• Can the financials support the long- term goals?

• 02 Analyze
• The stock price of the company based on
  fundamentals relative to its peer group, its
  history, and the market

• 03 Buy
• Current price is generally 40 lower than our
  estimate of long- term value (in case of first
  time buy)

• 04 Sell
• Current price is gt our estimate of long- term
  value
• Better Investment Alternatives
• Changed view of management, Changed view of
  business

• PER, PCF, P/BV, Div Yld, EV/EBITDA

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Quantums Bottom-Up Stock Selection Process
Clients get best of bottom-up ideas with a risk
control measurement for each sector Generally, lt
20 of the stocks we cover meet our Buy criteria
25 to 40 stocks
PORTFOLIO
Portfolio of stocks with broad exposure to
various sectors. Approved by the portfolio
team Reflects three broad themes domestic
consumption, exports and infrastructure
201 stocks
VALUE AND INTEGRITY SCREENING
Analysts study stocks in their sector (India)
with global comparison, travel worldwide, prepare
detailed projections. Regular research meetings
to review ideas and approve stocks for the
database. Consensus required. All stocks are
reviewed time to time generally within 180
days. We must trust the managements/founders
327 stocks
ADDRESSABLE UNIVERSE
Number of companies trading over US 1 million/day
Number of stocks mentioned are as per current
average trading volume value criteria. The number
of Stock in trading volume criteria, and in
portfolio will be changed from time to time based
on Investment Strategy of the scheme.
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Portfolio Construction
Stock under active coverage? Volume INR 6.98 Crs
per day YES
No
To research team
Part of SP BSE-30 Index? No effect on decision
No
Below Buy limit?
Wait
YES What sector?
Weights assigned to a stock are a function of
Indifferent guided by Research Portfolio of
25-40 stocks Investment Rules Minimum wt 2 at
cost Maximum wt 6 at cost Maximum wt 10 at
market value

1. Reliability of management
2. Quality of earnings
3. Stability of earnings
4. Upside Potential
5. Alternatives/Cash

Our portfolio turnover is typically 20,
suggesting a 5 year holding period. Please refer
Scheme Information Document of the Scheme for
complete Investment Strategy
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A Tale Of Two Stocks Since 1991
(1) We buy liquid shares of good businesses
(2) Illiquid stocks give managers the fees
investors get nothing
SSoouurrcrcee BBlolooommbbeerrgrgFFininaanncceeL
L.P.P.,.,AAssooff FJOeacbntroubaeryr 23891,
20221 Disclaimer The stocks discussed herein
are for information purpose only. This is not a
recommendation to buy or sell any security.
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Benefits Features of QTSF
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Benefits of Investing in QTSF

• Quantum Tax Saving Fund Invests in Quality Midcap
  Large Cap companies with a minimum stock
  liquidity filter creates a portfolio for long
  term capital appreciation. Portfolio is similar
  to QLTEVF.
• The fund has a three year lock-in which is one of
  the lowest amongst other tax saving instruments.
• A three year lock-in ensures an enforced
  discipline amongst the investor. Equity is an
  investment class only in the long term in the
  near term its speculative.
• Being an ELSS scheme it comes with an advantage
  of building wealth and saving taxes.
• Well suited for long term goals such as children
  education retirement planning

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Performance of the Fund
Fund Manager Mr. Sorbh Gupta Work experience 16.5 years. He has been managing this fund Since October 1, 2016.
Category of Scheme Equity Linked Saving Scheme.
Features QTSF optimizes tax saving under Section 80C. QTSF minimizes risk by pursuing bottom-up stock selection. QTSF has a lower portfolio turnover. QTSF holds cash when stocks are overvalued - no derivatives and no hedging. QTSF follows a value investment strategy.
Useful for Long term capital appreciation.
Quantum Tax Saving Fund
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Performance Across the Market Cycles - (Dec 2008
February 2022)
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 28 Data is
provided as on on 28th February 2022. Source
Bloomberg
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Performance of Quantum Tax Saving Fund Direct
Plan
Growth Option
The Scheme is Managed by Mr. Sorbh Gupta since
October 1, 2016.
Period
Period Tier 1 - Benchmark Tier 2 - Benchmark Additional Benchmark Tier 1 - Benchmark Tier 2 - Benchmark Additional Benchmark
Period Scheme SP BSE SP BSE SP BSE Scheme SP BSE SP BSE SP BSE
Period Returns () 500 TRI 200 TRI Sensex TRI (Rs) 500 TRI 200 TRI Sensex TRI
Period () () () (Rs) (Rs) (Rs)
1 year 12.28 18.67 17.92 15.65 11,235 11,878 11,802 11,574
3 years 11.64 18.45 18.13 17.49 13,919 16,626 16,493 16,224
5 years 9.35 14.72 14.88 15.73 15,641 19,874 20,015 20,766
7 years 9.58 11.76 11.70 11.20 18,992 21,793 21,714 21,037
10 years 12.60 14.26 14.26 13.76 32,782 37,962 37,960 36,316
Since Inception (23rd Dec 2008) 16.30 16.60 16.53 15.81 73,310 75,846 75,239 69,389
Past performance may or may not be sustained in
the future. Data as of 28th February 2022 Load is
not taken into consideration in scheme returns
calculation. Returns are calculated on the basis
of Compounded Annualized Growth Rate
(CAGR). with effect from December 01, 2021 Tier
1 benchmark has been updated as SP BSE 500 TRI.
As TRI data is not available since inception of
the scheme, benchmark performance is calculated
using composite CAGR SP BSE 500 index PRI Value
from March 13, 2006 to July 31, 2006 and TRI
Value since August 1, 2006. 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 Mr. Sorbh Gupta manages 2
schemes of Quantum Mutual Fund. For performance
of other Schemes Managed by Mr. Sorbh Gupta
please see slide number 30.
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Performance of Quantum Tax Saving Fund Regular
Plan
Growth Option
The Scheme is Managed by Mr. Sorbh Gupta since
October 1, 2016.
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 Tier 1 - Benchmark Tier 2 - Benchmark Additional Benchmark Tier 1 - Benchmark Tier 2 - Benchmark Additional Benchmark
Period Scheme SP BSE SP BSE SP BSE Scheme SP BSE SP BSE SP BSE
Period Returns () 500 TRI 200 TRI Sensex TRI (Rs) 500 TRI 200 TRI Sensex TRI
Period () () () (Rs) (Rs) (Rs)
1 year 11.75 18.67 17.92 15.65 11,182 11,878 11,802 11,574
3 years 11.10 18.45 18.13 17.49 13,718 16,626 16,493 16,224
Since Inception (01st April 2017) 8.59 14.10 14.32 15.28 14,998 19,129 19,316 20,123
Past performance may or may not be sustained in
the future. Data as of 28th February 2022 Load is
not taken into consideration in scheme returns
calculation. Different Plans shall have different
expense structure. Returns are calculated on the
basis of Compounded Annualized Growth Rate
(CAGR). with effect from December 01, 2021 Tier
1 benchmark has been updated as SP BSE 500 TRI.
As TRI data is not available since inception of
the scheme, benchmark performance is calculated
using composite CAGR SP BSE 500 index PRI Value
from March 13, 2006 to July 31, 2006 and TRI
Value since August 1, 2006. 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 Mr. Sorbh Gupta manages 2
schemes of Quantum Mutual Fund. For performance
of other Schemes Managed by Mr. Sorbh Gupta
please see slide number 30.
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Other Schemes managed by Sorbh Gupta
Quantum Long Term Equity Value Fund Mr. Sorbh
Gupta effective from December 1, 2020.Co-managing
with Mr. Nilesh Shetty effective from March 28,
2011
Period Feb 26, 2021 to Feb 28, 2022 (1 year) Feb 26, 2021 to Feb 28, 2022 (1 year) Feb 26, 2021 to Feb 28, 2022 (1 year) Feb 28, 2019 to Feb 28, 2022 (3 years) Feb 28, 2019 to Feb 28, 2022 (3 years) Feb 28, 2019 to Feb 28, 2022 (3 years) Feb 28, 2017 to Feb 28, 2022 (5 years) Feb 28, 2017 to Feb 28, 2022 (5 years) Feb 28, 2017 to Feb 28, 2022 (5 years)
Scheme Tier 1 Benchmark Tier 2 Benchmark Scheme Tier 1 Benchmark Tier 2 Benchmark Scheme Tier 1 Benchmark Tier 2 Benchmark
Returns () Returns () Returns () Returns () Returns () Returns () Returns () Returns () Returns ()
Quantum Long Term Value Fund- Direct Plan (Gr) 12.12 18.67 17.92 11.50 18.45 18.13 9.26 14.72 14.88
Quantum Long Term Value Fund- Regular Plan (Gr) 11.56 18.67 17.92 10.94 18.45 18.13 N.A. N.A. N.A.
Past performance may or may not be sustained in
the future. Load is not taken into consideration
in Scheme Return Calculation. Data as of 28th
February 2022 SP BSE 500 TRI 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
Mr. Nilesh Shetty manages 2 schemes of Quantum
Mutual Fund. Regular plan launched on 1st April
2017 but not yet completed 5 years period since
its launch.
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For additional information, please
contact Sandeep Bhosle VP- Customer
Interaction Email SandeepB_at_QuantumAMC.com Mobile
91- 98-209-43101 Office 91-22-6144-7804 Fax
91-22-2285-4318 Website www.QuantumAMC.com Qua
ntum Asset Management Company Private
Limited Hoechst House, 6th Floor, Nariman
Point Mumbai-400021, India
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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. 21st March 2022 Mutual fund
investments are subject to market risks, read all
scheme related documents carefully.
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