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ELSS (Tax Saver) SEBI Risk: Very High AMC: Quant Mutual Fund

Quant ELSS Tax Saver Fund - Direct Plan - Growth

Benchmark: NIFTY 500 TRI • Manager: Sandeep Tandon • Portfolio Date: 2026-09-30
Composite Health Score
88.2/100
INSTITUTIONAL_ALPHA
⚠️ Fiduciary Surveillance Alerts Triggered (1)
  • Speculative Churn Alert: Portfolio Turnover of 145.0% indicates high transaction drag and brokerage leakage.
🔒 Deep Dive

Look-Through Forensics & Audit Narrative

The free report already shows fees, active share, holdings and the headline health score. The Deep Dive opens up what sits underneath the portfolio.

  • Weighted moat score and the top compounder holdings
  • Look-through accounting risk (ASRI) and promoter pledge exposure, with the flagged holdings named
  • Weighted margin of safety: is the portfolio at a DCF discount or premium
  • The written 7-pillar audit narrative, and the Forensic Desk can answer questions on all of it
One-time, permanent for this scheme

01: Dual-Sleeve Constituent Decomposition

Equity holdings evaluated via Forensic Equity Engine; Debt/bonds evaluated via Credit & Solvency Engine.
Equity: 30.4% (Score: 81.5) Debt: 0.0% (Score: 0.0) Cash / TREPS: 17.3%
Identifier Security Name Type Weight Sector / Rating Engine Score Diagnostic Notes
TREPS Cash & Arbitrage Margin CASH_EQUIVALENT 17.3% CASH 100.0 Liquid Cash / Sovereign Collateral
RELIANCE ↗ Reliance Industries Ltd EQUITY 9.8% Energy & Petrochemicals 82.0 Verified 7-Pillar Equity Dossier Available
HDFCBANK ↗ HDFC Bank Ltd EQUITY 6.5% Private Banks 82.0 Verified 7-Pillar Equity Dossier Available
BHARTIARTL ↗ Bharti Airtel Ltd EQUITY 5.8% Telecom 82.0 Verified 7-Pillar Equity Dossier Available
TATACOMM ↗ Tata Communications Ltd EQUITY 4.5% Telecom Services 82.0 Verified 7-Pillar Equity Dossier Available
MAXHEALTH ↗ Max Healthcare Institute EQUITY 3.8% Healthcare Services 78.0 Solid Core Holding (Pending 7-Pillar Audit)

02: True Diversification & Active Share

Exposing Closet Indexing: Active Share AS = 0.5 × ∑|w_fund - w_bench|
Active Share Score
86.0%
TRUE_ACTIVE_ALPHA

High Active Share: Portfolio significantly deviates from the passive benchmark, justified active fee.

Top 10 Holdings Concentration: 47.7%

03 & 04: Risk-Adjusted Alpha & Downside Capture

Evaluating asymmetrical compounding: Downside Capture Ratio vs Upside Capture Ratio.
Sortino Ratio
2.12
Downside Risk Only
Downside Capture
78.0%
Benchmark: ≤ 75%
Capture Spread
+44.0%
UCR (122.0%) - DCR
Hurst Exponent (H)
0.72
Persistent Momentum
3-Year Rolling Return Consistency: 76.0% of windows

05: Intermediary Fee Drag & Wealth Destruction

Direct Plan vs Regular Plan: Compounded wealth transfer to distributor commissions over time.
Annual Distributor Commission Drag
85.0 bps / yr (1.62% - 0.77%)
Time Horizon Direct Plan Value (Net) Regular Plan Value (Net) Cumulative Wealth Lost Percentage Corpus Destroyed
5 Years ₹1,702,588 ₹1,638,521 -₹64,068 3.8%
10 Years ₹2,898,807 ₹2,684,750 -₹214,057 7.4%
15 Years ₹4,935,476 ₹4,399,019 -₹536,457 10.9%
20 Years ₹8,403,085 ₹7,207,884 -₹1,195,201 14.2%

💡 Fiduciary Takeaway: A ₹10.0 Lakh investment loses ₹214,057 over 10 years purely to distributor commissions in the Regular plan.

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