Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option

Hybrid
Direct
Aggressive Allocation
Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option

About the Fund

Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Sanjeev Sharma, Ankit A. Pande. This fund gives you the benefit of diversification.

Key Parameters

  1. Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option has ₹2114 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option has given a CAGR return of 18.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 40.81%, 22.00% and 26.88% respectively.

Holdings

Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option has allocated its funds majorly in Government, Cash Equivalent, Financial Services, Consumer Defensive, Utilities, Energy, Basic Materials, Tech, Health, Industrial.

Taxation

As it is a aggressive allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option

The investments objective of the scheme is to generate income / capital appreciation by investing primarily in equity and equity related instruments with a moderate exposure to debt securities & money market instruments. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
10 people have invested ₹ 35.2K in Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option in the last three months

Fund Overview

Expense ratio0.75%
Benchmark
CRISIL Hybrid 35+65 - Agg TR INR
AUM₹2114 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1%
Lock InNo Lock-in
TurnOver
144.51%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 79.3%

  • Debt & Cash 20.7%

Large cap
72.3%

Small cap
1.9%

Mid cap
1.4%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
32.6%
Consumer Defensive
17.6%
Utilities
17.4%
Energy
12.4%
Basic Materials
7.5%
Tech
6.2%
Health
4.4%
Industrial
1.8%
All changes are between Oct'69 and Dec'69

Sanjeev Sharma
Sanjeev Sharma
Fund Manager of Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option, since 1 February 2017
Ankit A. Pande
Ankit A. Pande
Fund Manager of Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option, since 11 May 2020

Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.82% since inception which is more than its category average return of 13.15%
Fund Allocations

Fund Allocations

This fund has an allocation of 79.35% in Equity, 12.02% in Debt and 8.63% in Cash related instruments
AUM size ₹2114 Cr

AUM size ₹2114 Cr

This fund has AUM of ₹2114 Cr which is less than its category average of ₹ 5191 Cr
Expense Ratio 0.75%

Expense Ratio 0.75%

This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 1.5%

Frequently Asked Questions

The current NAV of Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option is ₹63.75 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option
Absolute Returns
CAGR Returns
1 Month Returns
5.29%
5.29%
6 Month Returns
23.14%
23.14%
1 Year Returns
40.81%
40.81%
3 Years Returns
81.56%
22%
5 Years Returns
228.83%
26.88%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.75% as on May 2024
₹2114 Cr as on May 2024
Reliance Industries Ltd(9.41%), Jio Financial Services Ltd(8.25%), Adani Power Ltd(7.52%), HDFC Bank Ltd(6.88%), Jindal Steel & Power Ltd(5.64%) as on May 2024
Financial Services(25.87%), Consumer Defensive(13.99%), Utilities(13.79%) as on May 2024
AAA
100
Sanjeev Sharma, Ankit A. Pande are the fund managers of Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option
The Exit load of Quant Absolute Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal option is 1%