Fund Evaluator:
Q India Equity II (QINSX)
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Best Performing in India Equity Over the Last Year
| -2.1% | Wasatch Emerging India Investor (WAINX) |
| -2.8% | Matthews India Investor (MINDX) |
| -7.8% | Kotak India Equity Fund Class I (INDIX) |
| -8.1% | Kotak India Equity Fund Class Investor (INDAX) |
| -10.0% | Q India Equity Investor (QINRX) |
Fund Details
Q India Equity II Overview
Q India Equity II (QINSX) is an actively managed International Equity India Equity fund. Quantum Advisors Private Limited launched the fund in 2025.
The investment seeks to achieve long-term capital appreciation by investing in the listed equities of Indian companies that are in a position to benefit from the anticipated growth and development of the Indian economy. Under normal circumstances, the fund will invest at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities of Indian issuers.
About Q India Equity II (QINSX)
There are 3 members of the management team with an average tenure of 1.56 years: Iyer Subramaniam (2025), Nilesh Shetty (2025), Ajit Dayal (2025). Management tenure is more important for actively managed funds than passive index funds.
Q India Equity II has 30 securities in its portfolio. The top 10 holdings constitute 47.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Q India Equity II is part of the Equity global asset class and is within the International Equity fund group. Q India Equity II has 92.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 92.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Q India Equity II has 7.5% of the portfolio in cash.
Assets Under Management
The fund has $23 million in total assets, which is below the $65 million average for the India Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
QINSX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Q India Equity II expense ratio is above average compared to funds in the India Equity category. Q India Equity II has an expense ratio of 0.75%, which is 41% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Q India Equity II has a portfolio turnover rate of 1%, indicating that holds its assets around 1.0 years. By way of comparison, the average portfolio turnover is 34% for the India Equity category.
Recently, in the month of July 2026, Q India Equity II returned 2.1%, which earned it a grade of C, as the India Equity category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Q India Equity II has a trailing yield of 0.00%, which is below the 1.39% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Q India Equity II Grades
Year to date, the fund has returned -9.5%, 3.5 percentage points worse than the category, which translates into a grade of F. The fund has returned -9.7% over the past year (grade of F).
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QINSX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| QINSX Return (NAV) | 2.1% | 1.6% | -9.7% | na | na | na |
| QINSX Grade | C | F | F | na | na | na |
| +/- Category | 0.2% | -3.5% | -3.8% | na | na | na |
| India Equity Avg | 1.9% | 5.1% | -5.9% | 4.3% | 2.1% | 7.0% |
| QINSX Tax Cost Ratio | na | na | 0.0% | na | na | na |
QINSX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QINSX Return (NAV) | -9.5% | na | na | na | na | na | na | na | na | na | na |
| QINSX Grade | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -3.5% | na | na | na | na | na | na | na | na | na | na |
| India Equity Avg | -6.0% | -0.4% | 13.3% | 16.7% | -16.9% | 26.3% | 15.1% | 8.2% | -10.8% | 42.6% | 2.2% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $0 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | B |
| Portfolio Turnover: | 1% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.6 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Subramaniam Iyer (2025), Shetty Nilesh (2025), Dayal Ajit (2025) | |||
Portfolio Composition (as of 12/31/25)
| # of Holdings: | 30 |
| % in Top 10 Holdings: | 47.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 92.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 92.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 7.5% |
Purchase Information
| Fund Family: | Quantum Advisors Private Limited |
| Phone Number: | 833-894-0514 |
| Website: |
| Status: | Open |
| Inception Date: | January 6, 2025 |
| Min. Initial Purchase: | $10,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.75% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.28% |
| Share Class: | Q India Equity II |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
