Quantum MF resets course with new CEO

A two-decade-old mutual fund that kept a low profile in Mumbai's Churchgate area is trying to make a comeback with a new chief executive and revamped strategies.

- Srushti Vaidya & Apoorva Ajith

Quantum Mutual Fund, which launched its flagship scheme in 2005, started as a direct-only mutual fund without any distributors. Twelve years later, it changed its strategies and started to offer regular plans and sign up distributors to sell its products.

Not surprisingly, Quantum has lagged its rivals in terms of assets managed and number of distributors. Since 2015-the year for which data became available-its average AUM have risen five-fold to ₹3,459 crore as of September. Comparatively, mutual funds that have operated since 2005 now manage assets in the range of ₹13,000 crore to ₹12 trillion, according to Value Research. There's one exception-Taurus Mutual Fund, which managed ₹966 crore at the end of September.

Since Quantum appointed Seemant Shukla as CEO in April, things are changing. He is expanding the fund house's reach by engaging with MF distributors and registered investment advisors, entering new cities and building an omnipresent channel. After Shukla joined, the asset management company (AMC) has added ₹480 crore.

Quantum's entire AUM had risen by only 2% from March 2024 to March 2025. However, its AUM rose 17% during March-September.