Artificial intelligence (AI) is playing a significant and evolving role in mutual funds, enhancing various aspects of the industry from investment strategies to operational efficiency. As quant trading continues to reshape India’s mutual funds landscape, it’s crucial for investors and fund managers to adapt to new paradigms and stay informed about industry trends. This study is making an attempt in analyzing the performance of the first artificial intelligence-enabled mutual fund in India, Tata QUANT fund. Though there have been many funds based on quantitative algorithms, Tata QUANT is the only fund that is on AI and it has a performance history of only three years. It is seen from the analysis that though the quant funds have been performing quite well, the Tata Quant has not been able to beat the market yet. The fund has high volatility with poor risk-adjusted return. By integrating AI, mutual funds are becoming more agile, cost-effective, and responsive to market and investor needs, creating a competitive advantage in the modern financial landscape. But as the legal and regulatory landscape is opening up to the AI, it is expected that even this fund will perform in the long run.