Fund Details
Quant Absolute Fund Direct Growth
| Risk | High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 2.38% |
| NAV | ₹205.94 (21 Jan 2021) |
|---|---|
| Fund Started | 07 Jan 2013 |
| Fund Size | ₹9 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
4. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. Higher expense ratio - 2.38%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Stylam Industries Ltd. | FMCG | Equity | 7.1% |
| Majesco Ltd. | Technology | Equity | 6.3% |
| GOI | Sovereign | CGL | 5.5% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 5.1% |
| Siemens Ltd. | Engineering | Equity | 4.9% |
| Dalmia Bharat Ltd. | Construction | Equity | 3.9% |
| Bharti Airtel Ltd. | Communication | Equity | 3.8% |
| Fortis Healthcare (India) Ltd | Healthcare | Equity | 3.8% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 3.7% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 3.5% |
Fund Managers
Quant Absolute Fund Direct Growth Details
Quant Absolute Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Quant Mutual Fund. This scheme was made available to investors on 07 Jan 2013. Sanjeev Sharma, Pushpa Rai is the Current Fund Manager of Quant Absolute Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹9 Cr and the Latest NAV as of 21 Jan 2021 is ₹205.94.
The Quant Absolute Fund Direct Growth is rated High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
Investment Objective
The scheme seeks to provide long term capital appreciation and current income with a mix of fixed income securities and equity instruments.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
