Ajit Dayal, the founder of Quantum Asset Management Company, is currently working towards revitalizing the mutual fund house. Quantum AMC, which was initially the smallest among fund houses, has dropped to 37th out of 43 according to Value Research data.

Dayal is challenging ICICI Bank over the delisting of ICICI Securities, positioning his firm as a David against a Goliath. However, the main challenge for Quantum AMC is expanding its investor base, which is crucial for the firm's survival and growth in a competitive landscape.

The question of whether a 15 percent return is satisfactory is also a concern, reflecting broader concerns about performance in the mutual fund sector.