Axis Mutual Fund is launching a new fund offer (NFO) for Axis Quant Fund. The NFO is open for subscription between June 11 and June 25, 2021.
Read on to find out more about the NFO.
Axis Quant Fund is an equity mutual fund that aims to achieve long-term capital appreciation for its investors by following the quantitative model. However, there is no assurance that the objective will be achieved.
Quant funds make use of computer-based and mathematical quantitative models to invest in stocks. Human intervention is minimal. Fund managers pick a set of factors and let the machine models do the data crunching and stock-picking.
The AMC has shared a list of fundamental factors that Axis Quant Fund may consider while picking stocks:
There are also some technical and risk factors that the fund; mathematical model may consider.
| Types of Instruments | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Equity & Equity related instruments of selected companies based on a quantitative model | 80% | 100% | High |
| Other equity instruments | 0% | 20% | High |
| Debt and money market instruments | 0% | 20% | Low to medium |
| Units issued by REITs & InvITs | 0% | 10% | Medium to high |
| Scheme name | Axis Quant Fund |
| Type of scheme | An equity mutual fund following the quantitative model |
| NFO Dates | June 11, 2021, to June 25, 2021 |
| Fund Managers |
|
| Benchmark | S&P BSE 200 TRI |
| Minimum Amount for Application during NFO | Rs.5,000 and in multiples of Re. 1/- after that. |
| Minimum Additional Application Amount | Rs.100 and in multiples of Re. 1/- after that. |
| Minimum Redemption Amount | Any amount |
| Load | a) Entry Load: Not Applicable
b) Exit Load: Nil: If 10% of the investment is redeemed/switched out within 12 months from the date of unit allotment 1%: If all units are redeemed within 12 months NIL: For redemption / switch-out of units after 1 year from the date of allotment |
| Plans | Direct and Regular |
| Options |
|
| Minimum SIP Amount | SIP is not available during the NFO period. After the NFO period, minimum of 6 installments of Rs. 1,000 each have to be made every month |
The scheme will benchmark its performance against S&P BSE 200.S&P BSE 200 index measures the performance of the top 200 companies listed at BSE.
Hitesh Das
Mr Hitesh Das has worked as a risk analyst and equity research analyst in the past 10 years across organizations.
Names of other schemes managed by him are:
Deepak Agarwal
Mr Agarwal has worked as an equity research analyst with several asset management companies and brokerage firms in the past 10 years. He has been with Axis AMC since 2015.