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In this exclusive webinar, Sorbh Gupta, Fund Manager, Equity, Quantum Mutual Fund & Arvind Chari, CIO, Quantum Advisors will questions like how has Covid impacted Indiau2019s long term growth potential? What opportunities does Indiau2019s growth story create? How are equities poised to play Indiau2019s long-term growth story?

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  1. 10 Charts,1 GrowthStory:India Speakers: Mr.SorbhGupta–FundManager,Equity Mr.ArvindChari–CIO,QuantumAdvisors April 23,2021

  2. 30 GDP(nominal) GDP(real) 20 10 0 -10 -20 -30 WhatDrivesGrowth? Dec-99 Oct-00 Aug-01 Jun-02 Apr-03 Feb-04 Dec-04 Oct-05 Aug-06 Jun-07 Apr-08 Feb-09 Dec-09 Oct-10 Aug-11 Jun-12 Apr-13 Feb-14 Dec-14 Oct-15 Aug-16 Jun-17 Apr-18 Feb-19 Dec-19 Oct-20 Source: CMIE,Quantum Research,QuarterlyDatatillDecember2020

  3. 16.0 14.0 ChinaGDP ChinaCapital India GDP IndiaCapital 14.0 12.0 12.0 10.0 10.0 8.0 Investmentsdrive Growth 8.0 6.0 6.0 4.0 4.0 2.0 2.0 %growth %growth 0.0 0.0 Source: TEDDatabase,Ason July2020.

  4. RisingsavingsandinvestmentsustainsGrowth

  5. Indiawillbea Large Partof TheGlobalEconomy:You CannotIgnoreIt Source:Quantum,AngusMaddison,UniversityofGroningen

  6. World India China Indiaaverage6.1% Chinaaverage9.2% 14.0% 12.3% 11.6% 12.0% 9.9% 9.6% 9.5% 10.0% 8.8% 8.7% 8.5% % % 7.8% % % 8.0% 7.1 7.1% 6.7% India’sContinuedReformswillMakeIndiatheNextChina 6.5% 6.1 % 5.9 5.8 6.0% 5.4% 5.3% 5.2% % % 4.9 % % % % 4.0% 3.9 % 3.7% 3.5% 4.0% 3.4 3.3 3.2 2.9 2.3 2.2 2.0% 0.0% Jan 80- Oct Nov 84 - DecJan 90 - Jun 91 July 91 - May 84 Congress 89 Congress JanataDal* 96Congress Jun96-Mar 98DF* Apr98-Apr 99BJP* Jun99-MayJun04-MayJun09-May 04 NDA* 09 UPA* 14UPA* Jun14-Dec 20NDA** RealGDPGrowth Source:Worldbank,RBIandwww.parliamentofindia.nic.inasofDecember 2020.Pleasenotethatdataused forWorldGDPfor2020isamedian EstimatesinceWorldBankdata isnotyetavailableandIndiaGDPdataisgovernmentssecond advanceestimatereleasedattheendofSeptember.

  7. IndiaDemographicswillBoostSavings

  8. IndiaDemographicswillBoostIncome

  9. GrowingIncomesCreateOpportunities Source:MorganStanleyresearch

  10. CumulativeForeignDirectInvestments (FDI)USDBillion CumulativeForeignPortfolioInflows(FPI) intoEquityandDebt,USDBillion 3,500.0 1,000.0 China India China India 3,000.0 800.0 2,500.0 TheseOpportunitiesDrawInvestors& Investments 600.0 2,000.0 1,500.0 400.0 1,000.0 200.0 500.0 0.0 0.0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source:WorldBank

  11. India’sEconomicGrowthReflectedinCorporateEarnings Source:%changeinINR, CLSAandBloombergFinanceL.P.,asofJanuary31,2021.CY21 andCY22areestimatenumbers.

  12. GDP(nominal) SensexEPS SENSEXIndex 1500 1300 1100 900 700 500 300 100 India’s EconomicGrowthReflectedinStockMarketReturns Mar-03 Nov-03 Jul-04 Mar-05 Nov-05 Jul-06 Mar-07 Nov-07 Jul-08 Mar-09 Nov-09 Jul-10 Mar-11 Nov-11 Jul-12 Mar-13 Nov-13 Jul-14 Mar-15 Nov-15 Jul-16 Mar-17 Nov-17 Jul-18 Mar-19 Nov-19 Source:%changeinINR, CLSAandBloombergFinanceL.P.,asofJanuary31, 2021.CY 21andCY22areestimatenumbers Pastperformancemayormaynotsustainedinfuture

  13. Basedon HistoricalData:AsimpleEquityMarketReturnAssumption Source:RBI,CMIE,QuantumEstimates

  14. Whatwillbethe impactofResurgenceofCovid-19onEquities? LargeCapsorMid/SmallCaps,whereto invest? WillValueStylePerform? Whyis diversification Important? Equities:Questionsin Investor’sMind

  15. Covid-19:SecondWave orTsunami Source:JohnHopkinsUniversity

  16. Thelockdownsarelesserstringentandmorelocalized thistime CorporateBalance-Sheetare better.The focus hasbeen ondebtreductionandliquidity Lastoneyearhasbeenallabout costcontrolandbusinesscontinuity Pvt. Banks& NBFC’s haveraisedcapitalandarebestcapitalizedinlast10years As GlobalRecoveryisintact, exportcompaniesandcommodityproducersarecomfortably placed Covid-19:Lockdowndéjàvu‘ThisTimeisDifferent’ HowisCorporateIndiaPlaced?

  17. LockdownsNeedtobeContained:India’sBiggestRisk–Jobs&IncomeLockdownsNeedtobeContained:India’sBiggestRisk–Jobs&Income

  18. Large Capsor Mid/SmallCaps, Where to Invest?

  19. CorporateIndia:ListedCompaniesAreFaringBetter

  20. SalesGrowth FixedAssets 30% 30% 20% 20% 10% 10% 0% -10% SmallerCompaniesare LosingMarketShare 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 Top3Deciles Bottom3Deciles Top3Deciles Bottom3Deciles CMIE-EconomicOutlook,DataasonDecember2020

  21. BusinessStrength ofLargerCompaniesReflectinEquityReturnsOver LongTerm Pastperformancemayormaynotsustainedinfuture

  22. SpikingPER OverstatesValuationGivenTheJune Quarter’sGapDown Source:BloombergFinance L.P.,asMarch,2020 PastPerformancemayormaynotbesustainedinfuture.

  23. Will Value StylePerform ?

  24. Valuevs.Growth (2000-2010) Source: Bloomberg.Past Performancemayormaynotsustainedinfuture.

  25. Valuevs.Growth (2010-20) Source: Bloomberg.Past Performancemayormaynotsustainedinfuture.

  26. Last 10 yearsare characterisedbylowglobal growth,lowinflation&lowinterestrates Fewcompanieswhich showedgrowth,werechasedbyliquiditymaking themarketpolarised 2000-10vs. 2010-2020:How Differentare theMacroVariables Source:WorldBank,Reuters.Pastperformancemayormaynotsustainedinfuture.

  27. Broadbasedeconomicrecoveryleadingtoearningupgrades. Normalinflation&interestratecyclewillbethekey. 2021:HowThingsStackUpForValueStrategy Source: Bloomberg.Past Performancemayormaynotsustainedinfuture.

  28. Why isDiversification Important?

  29. Diversification: Different Styles Perform In Different Macro & Market Environment Theinputdatahasbeensourcedfromvalueresearch.comforcalculatingannualreturns(thisis datasourceandnotmethodologyforcalculation ofreturns) Theannualperiodfrom CY16toCY20is31stDecemberending. TheYTDdata is31stMarch2021ending. Pastperformancemayormaynotbesustainedinfuture.

  30. Therehavebeenyearswhenequity markets hadabrilliantrun,yearswhenonlybondswere dependable,andyearswhengoldshinedthe brightest,andtheseperiodsdid nottypicallyoverlap AssetClassesGrow&ContractinCycles Pastperformancemayormaynotsustainedinfuture Thechartranksthebesttoworstperformingindexespercalendaryearfromtoptobottom *DataasofMarch2021 Pastperformancemayormaynotbesustainedinfuture. BasedonS&PBSESensex;DomesticGoldpricesand CRISILCompositeBondFundIndex Source:Bloomberg Imagine someone holding an all equity portfolio in 2008, or holding none in the equityrallythatfollowed?

  31. Quantum LongTerm EquityValue Fund

  32. ValueOrientedEquityDiversifiedFundsinceMarch 2006 Wellbalancedportfolio:typically25to40stocks, acrosssectors InstrumentalforLongTermFinancialGoalslikeRetirement,Child’sEducation,Child’sMarriage& WealthCreation Adisciplinedresearchandinvestmentprocess Lowportfolioturnover:BuyafterConviction,Hold it for long Holdssharesorcash:Noderivatives,No hedging QuantumLong TermEquityValueFund–AMusthaveEquityDiversifiedFund

  33. Wintercrop(Rabi) productionhasbeenrobust& monsoonisexpectedtobenormal.Someofthe portfoliostocks arewellpositionedto benefitfrom strongagri& ruraleconomy Highqualitystocksavailableatreasonablevaluationswereaddedtothe portfoliointhe correctionin February& March2020 HigherweightinNBFC,ConsumerdiscretionaryandIT Portfoliostockslookcomfortableafterstresstest- havestrongbalance-sheetorstrongparentageto survive the downturn Existingcash holdingwillbe usedto addnewnamesin caseof correction PortfolioPositioning

  34. Boom: • Real economicactivity continue torevive&corporateearningupgradehappen • Real estaterevives–stampdutycut,lowerinterestratesspurrealestatedemand • FactoriesrelocatefromChinatoIndia • Foreignflows–FDI+FIIdrivenbyhigheryieldsand fastergrowth • Bust: • PoorGovernmentPolicy • Resurgence inCovidcases,Poorexecution ofVaccine rollout • RisingInflation coulddampen DemandRecovery 2021 –Boom&Bust,EvenlyPoised

  35. SolutionstomeetSustainableDevelopmentGoals:SGD-17 =“SMILE” + WHATISSMILE? THESMILESTORY OUTCOMESOFAR SMILEwasbornoutofour desire to support credible NGOsandcreateasteady 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 investorstocontribute10% of their investment in eligible schemes to charities vetted by HelpYourNGO

  36. INVESTINSMILEFACILITY QLong TermEquityValueFund QEquityFundofFunds QDynamicBond Fund QMultiAssetFundofFunds QGold SavingsFund Q LiquidFund DONATETONGO’S DONATIONRECEIPTS HelpYourNGOsends donationreceiptsand80G LiaiseswithNGOgrantees Monitors&reviews SMILEProcessFlow DonatedtoNGOs selected by investors andvettedby HelpYourNGO * QStandsfor Quantumfor scheme names InvestorsreceiveperiodicprogramreportsfromHelpYourNGOontheNGOssupportedbythem

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  40. Thedatainthispresentationaremeantforgeneralreading purposeonlyandarenotmeanttoserve asaprofessional 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 makinganyinvestment. NoneoftheSponsors,theInvestmentManager,theTrustee,theirrespectiveDirectors, 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 modificationsandalterationstothe performanceandrelateddatafromtimetotime asmayberequired. Please visit –www.QuantumMF.comto 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 goupanddowndependinguponthefactorsandforcesaffectingsecuritiesmarket.Investmentinmutual fundunits 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. 23rdApril2021 Mutualfundinvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully. Disclaimer– Termsof Use

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  42. Appendix

  43. 2021-ASimpleAssetAllocationStrategytoDeal withMarketCycles

  44. Financial • JAMTrinity • Fin-Tech • Payments • New Banklicenses • Governance • Bankruptcy Code • Tax and legislativeReforms • Land&Labor • IndiaInc. • FDI • Privatization • PLI • Taxcuts India’sRecentReformsWillDrive Growth

  45. Second Wave isSerious

  46. In this exclusivewebinar,Sorbh&Arvindwillanswerbig questionslike: • HasCovidImpactedIndia’sLongTermGrowth Potential? • WhatOpportunitiesDoesIndia’sGrowthStoryCreate? • AreEquitiesTheBestWayToPlayIndia’sLong-Term • GrowthStory? IncreaseJABStosaveJOBS

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