Quantum Long Term Equity Value Fund (QLTEVF): Quantum’s Flagship Fund since 2006

1
Quantum Long Term Equity Value Fund 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
2
TABLE OF CONTENTS
3
ABOUT US
4
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

5
Our Journey so Far
6
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 Prem Watsa, known as the Warren
  Buffet of Canada

7
ABOUT QUANTUM MUTUAL FUND
8
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 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.1,978.61 Cr. as on 28th
  February 2021
• Number of Folios 70,886 as on 28th February 2021

9
Company Structure
100 subsidiary of QAS
10
10
Always Putting Investors First, Even Above our
Growth in AUM
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
11
Profile of Management Team - QAMC
12
(No Transcript)
13
Portfolio Team Equity
14
Portfolio Team Non Equity
15
Criteria to Select a Good Fund House
16
OUR RESEARCH INVESTMENT PROCESS
17
Stock Markets Offer Real Opportunities

• Market cap USD 2,574 bn
• 4,000 listed companies
• 314 companies market cap gt USD 1 bn
• 886 companies market cap gt USD 100 mn
• Daily trading volume USD 8.84 billion/day for the
  period Mar 2020 Feb 2021
• 420 companies with daily avg traded gt USD 1 mn
• 304 companies with daily avg traded gt USD 2 mn
• Represents many real industries not only
  financial services and property stocks
• Equity culture Bombay Stock Exchange over 130
  years oldest in Asia
• Newer electronic NSE is the 3rd largest stock
  exchange in the world by volume

Source Quantum AMC, Bloomberg, SEBI and Tata
Services Ltd As of Dec 31st, 2020
18
Our Macro Assumptions The 4 inputs to our
bottom-up stock selection process
Our estimate Current readings Comments
GDP, long-term 6.0 to 6.5 (Old Series) 0.4 (Oct 20-December 20) Fiscal response may improve growth outlook. Growth may trend above our estimate if implementation picks up
Inflation 5.0 to 5.5 5.0 We expect inflation to be near 5 in FY 2022 as high import duties increase domestic cost of goods
10-year bond Long term 7.0 to 7.5 Short term 5.75-6.25 6.2 High fiscal spending and high inflation will lead to higher bond yields over the next year. RBI managing bond yield curve with Operation Twist and LTRO
FX rates /-2 (INR /USD in a 73-78 band) INR/USD73.0 RBI dollar buying at record pace to arrest INR appreciation. RBI has enough FX reserves to buffer any sharp depreciation
Source Quantum AMC estimates, as of February 2021
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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

20
Our Investment Criteria - Value
21
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
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
No
To research team
YES
Part of SP BSE-30 Index?
No effect on decision
No
Below Buy limit?
Wait
YES
What sector?
Indifferent guided by Research

• Weights assigned to a stock
• are a function of
• Reliability of management
• Quality of earnings
• Stability of earnings
• Upside Potential
• Alternatives/Cash

Investment Rules
Minimum wt 2 at cost Maximum wt 6 at
cost Maximum wt 10 at market value
Our portfolio turnover is typically 20,
suggesting a 5 year holding period. Please refer
Scheme Information Document of the Scheme for
complete Investment Strategy
23
A Tale Of Two Stocks Since 1991
(2) Illiquid stocks give managers the fees
investors get nothing
(1) We buy liquid shares of good businesses
Source Bloomberg Finance L.P., As of February
28, 2021
Disclaimer The stocks discussed herein are for
information purpose only. This is not a
recommendation to buy or sell any security.
24
OVERVIEW- INDIAN ECONOMY
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Myth 1- India will grow 8 P.A If the world
slips sideways, India will grow...as it has over
the past 39 year
We believe 6.5 Real GDP growth is a realistic
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.
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Myth 2 Make in India will Boost Exports
Source Quantum AMC, Google Images, Bloomberg
Finance L.P.
27
Indians Still Consuming The Hungry Consumers!
Year (March end) 2-wheelers (Domestic sales Mn units) Passenger Vehicles (Domestic sales Mn units) Refrigerators (Production Mn units) Cement (mn tn) Home loans outstanding (Rs. bn)
2008 8,064,903 1.6 6.1 174 2,603
2009 8,439,786 1.6 6.7 187 2,794
2010 10,511,009 2.0 8.0 207 3,009
2011 13,302,335 2.5 8.7 216 3,499
2012 15,384,261 2.6 9.9 230 3,971
2013 15,753,563 2.7 11.1 248 4,567
2014 16,890,778 2.5 10.7 256 5,386
2015 18,433,027 2.6 12.0 270 6,285
2016 18,938,727 2.8 11.9 283 7,468
2017 19,928,958 3.1 13.1 280 8,601
2018 23,007,691 3.3 13.5 298 9,746
2019 24,460,688 3.4 15.6 337 11,601
2020 20,936,201 2.7 15.0 334 13,498
2021 YTD 14,752,622 1.9 6.8 232 14,175
CAGR (since 2008 till 2020) 10.0 5.8 9.3 6.7 17.9
2021 YTD data Two-wheeler sales data as on Jan
'21, Passenger Vehicle sales data as on Jan 21,
Refrigerator data as on Dec 20, Cement sales
data as on Jan' 21, Housing loans data as on Jan
2021, Source 2 wheelers, Cement passenger
vehicle CMIE database refrigerator production
data CMIE (IIP) database home loans
outstanding RBI Data on Sectoral deployment of
Bank credit (January 2021). Annualized Returns
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India Linked to Global Capital Flows, Not GDP
As a of GDP Private Consumption Exports of Goods Services
India 58.8 19.2
China 39.3 19.6
Indonesia 57.7 19.1
Thailand 50.7 68.9
Malaysia 54.9 67.7
Brazil 64.0 12.5
Russia 51.5 25.7
Lower global links
GDP https//data.worldbank.org/indicator/NY.GDP.MKTP.CD
Pvt consumption https//data.worldbank.org/indicator/NE.CON.PRVT.CD
Exports (Goods Services) https//data.worldbank.org/indicator/NE.EXP.GNFS.CD
Source World Bank database Updated as of
February 28, 2021
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QLTEVF FUND PERFORMANCE
30
Quantum Long Term Equity Value Fund Must have
equity diversified fund
31
Performance across the market cycles - (Mar 2006
Feb 2021)
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 number32Source Bloomberg
32
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 35.09 33.70 30.00 13,498 13,360 12,990
3 years 7.45 12.06 14.22 12,403 14,067 14,894
5 years 13.83 17.63 17.89 19,107 22,512 22,764
7 years 13.33 15.44 14.32 24,017 27,328 25,515
10 years 12.03 12.57 12.23 31,142 32,698 31,701
Since Inception (13th March 2006) 13.40 12.16 12.18 65,710 55,749 55,887

• 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 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 42 and for
  performance of other Schemes Managed by Mr.
  Nilesh Shetty please see slide 42

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SIP Performance - Direct Plan Growth Option
SIP Investments Since Inception SIP 10 year SIP 7 year SIP 5 year SIP 3 year SIP 1 year SIP
Total Amount Invested (Rs.000) 1,790 1,200 840 600 360 120
Mkt Value (Rs.000) 5,132.49 2,258.95 1,232.35 796.20 456.92 160.63
Scheme Returns (XIRR) () 13.05 12.20 10.82 11.35 16.32 71.51
SP BSE 200 TRI Returns (XIRR) () 12.73 14.12 14.02 15.71 20.08 65.66
SP BSE Sensex TRI (XIRR) _at_ () 12.47 13.90 14.24 16.57 19.82 59.62
Data as of 26th February
2021 Past performance may or may not be
sustained in the future. Load is not taken into
consideration using applicable NAV on the SIP day
(5th of every month). Return on SIP and Benchmark
are annualized and compounded investment return
for cash flows resulting out of uniform and
regular monthly subscriptions as on 5th day of
every month (in case 5th is a non-Business Day,
then the next Business Day) and have been worked
out using the Excel spreadsheet function known as
XIRR. XIRR calculates the internal rate of return
for series of cash flow. Assuming Rs 10,000
invested every month on 5th day of every month
(in case 5th is a non-Business Day, then the next
Business Day), the 1 year, 3 years, 5 years, 7
years, 10 years and since inception returns from
SIP are annualized and compounded investment
return computed on the assumption that SIP
installments were received across the time
periods from the start date of SIP from the end
of the relevant period viz. 1 year, 3 years, 5
years, 7 years, 10 years and since Inception.
XIRR - XIRR calculates the internal rate of
return to measure and compare the profitability
of series of investments. Benchmark Returns.
_at_Additional Benchmark Returns.
34
Performance of Quantum Long Term Equity Value
Fund Regular 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 34.43 33.70 30.00 13,432 13,360 12,990
3 years 7.03 12.06 14.22 12,259 14,067 14,894
Since Inception (01st April 2017) 7.73 13.42 15.19 13,379 16,366 17,387

• 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 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 42 and for
  performance of other Schemes Managed by Mr.
  Nilesh Shetty please see slide 42

35
QLTEVF Monthly Cash Weight - Move To Cash When
There Is No Value And Wait Patiently
Source Quantum AMC. As of Feb 28, 2021
36
While Avoiding The Illiquidity Trap Is Critical
To Our Investment Process, We Are Not Shy Of
Owning Small Caps

Market Cap Dec 2016 Dec 2016 Dec 2017 Dec 2017 Dec 2018 Dec 2018 Dec 2019 Dec 2019 Dec 2020 Dec 2020 Feb 2021 Feb 2021
Market Cap Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight
gt INR 35,000 Crs 19 75 17 75 19 75 17 69 21 75 21 75
gt INR 5,000 Crs,lt INR 35,000 Crs 4 11 3 9 5 15 8 18 7 17 7 19
gtINR 3,000 Crs,lt INR 5,000 Crs 0 0 1 3 0 0 0 0 0 0 0 0
lt INR 3000 Crs 1 2 0 0 1 2 1 1 1 1 1 0
Total Stocks in portfolio 24 88 21 87 25 92 26 88 29 93 29 94
.
The number of stocks in portfolio will be
changed from time to time based on Investment
Strategy of the Scheme.
37
Divergent Portfolio - Not the Index for Sure!

Even though we focus on buying liquid stocks, we
do not necessarily buy Index stocks
SP BSE-200 Index (Weight) Do we own it in the QLTEVF? Change for the month ended February 26, 2021
Reliance Industries Ltd 8.25 N/A 13.06
HDFC Bank Ltd 7.65 6.53 10.32
Infosys Ltd 5.62 7.04 1.02
Housing Development Finance Corp Ltd 5.59 8.90 6.78
ICICI Bank Ltd 5.05 3.72 11.28
Total 32.16 26.19 42.46
Source Quantum Asset Management Company Pvt Ltd
and Asia Index Pvt Ltd As of February 26, 2021
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.
38
Portfolio Top 5 Holdings Different Weights
QLTEVF (Weight) SP BSE-200 TRI (weight)
Housing Development Finance Corporation Ltd 8.90 5.59
Infosys Ltd 7.04 5.62
HDFC Bank Ltd 6.53 7.65
Wipro Ltd 4.97 0.75
Hero MotoCorp Ltd 3.39 0.51
Total 31.37 20.12
Source Quantum Asset Management Company Pvt Ltd
and Asia Index Pvt Ltd As of Feb 26, 2021
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.
39
Sector Exposure of Our Bottom-Up Stock Picking
Process
Sector MSCI AC World November 2019 SP BSE-30 Index November 2019 QLTEVF December 2016 QLTEVF December 2017 QLTEVF December 2018 QLTEVF December 2019 QLTEVF Dec 2020 QLTEVF Feb 2021
Communication Services 9 2 2 2 2 0 0 0
Consumer Disc. 11 6 23 24 19 19 17 17
Consumer Staples 8 8 0 0 0 0 0 0
Energy 5 13 9 3 3 2 2 2
Financials 17 47 16 14 25 30 29 31
Healthcare 12 1 3 6 6 5 6 5
Industrials 10 4 3 1 2 0 2 3
Materials 5 3 5 4 7 8 10 10
Real Estate 3 0 0 0 0 0 0 0
Technology 17 14 14 15 17 17 17 16
Utilities 3 2 13 14 12 11 10 10
Cash Equiv. 0 0 12 19 8 8 7 6
Total 100 100 100 100 100 100 100 100
No. of Securities 3,060 31 24 21 25 26 29 29
Note Past Performance may or may not be
sustained in future. Source MSCI, Quantum AMC
As of Feb 28, 2021
Sectors 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 sectors.
The above information should not be constructed
as research Report or recommendation to buy or
sell of any sectors / stocks.
40
Portfolio Top 10 Holdings

Stocks Weights
Housing Development Finance Corporation Ltd 8.90
Infosys Ltd 7.04
HDFC Bank Ltd 6.53
Wipro Ltd 4.97
Hero MotoCorp Ltd 3.93
Shriram Transport Finance Company Ltd 3.89
Mahindra Mahindra Ltd 3.88
ICICI Bank Ltd 3.72
ACC Ltd 3.60
Ambuja Cements Ltd 3.58
Total 50.04
Source Quantum Asset Management Company Pvt
Ltd As of Feb 28 , 2021
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.
41

Stocks we Own are Liquid
No of trading days to sell positions Dec 2016 Dec 2016 Dec 2017 Dec 2017 Dec 2018 Dec 2018 Dec 2019 Dec 2019 Dec 2020 Dec 2020 Feb 2021 Feb 2021
No of trading days to sell positions Number of stocks Weight Number of stocks Weight Number of stocks Weight Number of stocks Weight Number of stocks Weight Number of stocks Weight
Less than 1 day 20 77 17 71 21 78 21 76 26 87 27 90
1 day to 5 days 4 11 2 3 2 8 4 14 3 6 2 4
5 days to 22 days 0 0 2 6 2 7 1 2 0 0 0 0
gt 22 trading days 0 0 0 0 0 0 0 0 0 0 0 0
Total Stocks in portfolio 24 88 21 81 25 93 26 92 29 93 29 94
Based on average daily volume of portfolio stocks
for the last one year and Quantums trading
share of 33. The number of stocks in portfolio
will be changed from time to time based on
Investment Strategy of the Scheme.
42
Other Schemes managed by Sorbh Gupta and Nilesh
Shetty
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) 35.15 33.70 7.48 12.06 13.95 17.63
Quantum Tax Saving Fund- Regular Plan (Gr) 34.49 33.70 7.06 12.06 N.A. N.A.
Past performance may or may not be sustained in
the future. Data as of 26th February ,
2021 Benchmark returns. 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.
Quantum Multi Asset Fund of Funds Mr. Chirag
Mehta and Mr. Nilesh Shetty are Fund Managers
effective from July 11, 2012.
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 Multi Asset Fund of FundsDirect Plan (Gr) 15.25 17.51 8.78 13.11 10.50 12.88
Quantum Multi Asset Fund of FundsRegular Plan (Gr) 14.90 17.51 8.54 13.11 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 26th
February , 2021 Indicates CRISIL Composite Bond
Fund Index (40) SP 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.
43
RISK, SUMMARY AND CONCLUSION
44
44

Impact/Risk Analysis on The Portfolio A
Top-down View for Presentation Purposes
Dec 2016 Dec 2016 Dec 2017 Dec 2017 Dec 2018 Dec 2018 Dec 2019 Dec 2019 Dec 2020 Dec 2020 Feb 2021 Feb 2021
Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight
Local Opportunity 6 25 5 24 10 39 11 41 11 42 11 44
Global opportunity 11 41 11 40 10 39 9 37 12 40 12 38
Regulatory/Tariff 7 22 5 17 5 15 6 14 6 11 6 12
Total Stocks in Portfolio 24 88 21 81 25 93 26 92 29 93 29 94
Note Companies where bulk of the sales come
from India are classified under Local
Opportunity Companies where 25 or more, sales
come from outside India are classified under
Global Opportunity Companies which have their
pricing determined by government policies are
classified under Regulatory/Tariff The number of
stocks in portfolio will be changed from time to
time based on Investment Strategy of the Scheme.
45
Indian Private /MNC/ Government
Events Dec 2016 Dec 2016 Dec 2017 Dec 2017 Dec 2018 Dec 2018 Dec 2019 Dec 2019 Dec 2020 Dec 2020 Feb 2021 Feb 2021
Events Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight Number of Stocks Weight
Government 8 26 6 21 7 19 7 19 7 14 7 15
Indian Private 10 41 8 35 12 47 12 45 12 44 12 45
MNC 6 21 7 25 7 27 7 28 10 35 10 34
Total Stocks in Portfolio 24 88 21 81 26 93 26 92 29 93 29 94
The number of stocks in portfolio will be changed
from time to time based on Investment Strategy of
the Scheme.
46
The Portfolio Relative To The SP BSE-30 Index
  QLTEVF As Of SP BSE-30
  QLTEVF SP BSE-30 Index Index
Number of equity stocks 29   30
Median market capitalization (USD mn) 10,955 38.00 28,990
Weighted dividend yield 1.52 133.00 1.10
Weighted PER March 2021E 13.08x 72.00 18.10x
Weighted EPS Growth March 2021E 20.92 82.00 25.40
PEG Ratio (excludes cash) 0.63x 88.00 0.71x
       
T12M PE 20.50x   37.00x
Weightage of stocks with PER gt 20 68.00   89.00
Weightage of stocks with PER gt 30 38.00   74.00
Source Quantum Asset Management Company Pvt Ltd
As of February 26, 2021 cash weight excluded
SP BSE-30 Index weight is based on
free-float. SP BSE 30 Index column depicts the
Fund fundamentals as a percentage of SP BSE 30
Index fundamentals. The figures mentioned in WTD
PER, WTD EPS and PEG ratio are calculated on the
basis of Bloomberg consensus estimates for
companies owned by the Fund as well as the
companies in the SP BSE 30 as of the reporting
date i.e. February 26, 2021 .
47
47
Summary A significant allocation to public
equities using a disciplined, long-term,
bottom-up, value-driven research and investment
process for investing in the evolving Indian
stock markets

• Overall, economic policy is geared towards growth
• India is a party to global trade and tariff
  agreements
• Political risk exists but effect is more on
  specific sector reforms, rather than overall
  direction
• Indian companies and entrepreneurs have oriented
  themselves to live and thrive in free
  markets world class management
• While the macro-economy looks good, fiscal
  deficits could rekindle inflationary pressures, a
  hardening interest rate environment will put
  growth on a 6 trajectory
• Infrastructure Lot of talk, little action
  inflection point?
• Yes, shake hands but count how many fingers you
  get back!

48
India A Wonderful Long-term Theme, But On A
Bumpy Road Requires
Our Tried and Tested Research and Investment
Process to give Clients with a Long-term
investment philosophy a Channel that aims to
outperforms on the Upside and limits the
Downside
49
Product Label
50
Product Label
51
For additional information, please contact
Sandeep Bhosle AVP- Customer Interaction Email
SandeepB_at_QuantumAMC.com Mobile 91-
98209-43101 Office 91-22-6144-7804 Fax 91-22-2
285-4318 Website www.QuantumAMC.com
Quantum Asset Management Company Private
Limited Hoechst House, 6th Floor, Nariman
Point Mumbai-400021, India
52
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. 18th March 2021 Mutual
fund investments are subject to market risks,
read all scheme related documents carefully.
53
Thank You