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The Scanner, Mar’26 | Looking beyond Returns: Decoding MF Selection through QVM

31 March 2026

Fund selection is often guided by past returns.

But returns are an outcome. They do not explain how a portfolio is constructed or the exposures it carries. Two funds with similar performance can be positioned very differently beneath the surface.

In this edition of The Scanner, we examine mutual funds through their underlying portfolios, evaluating what they own across quality, valuation, and momentum.

The objective is not to forecast outcomes, but to better understand the drivers of performance.

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