Quant Absolute Fund Direct Growth
About the Fund
Quant Absolute Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Ankit A. Pande, Sanjeev Sharma. This fund gives you the benefit of diversification.
Key Parameters
- Quant Absolute Fund Direct Growth has ₹2216 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
Quant Absolute Fund Direct Growth has given a CAGR return of 19.14% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 39.13%, 20.78% and 27.85% respectively.
Holdings
Quant Absolute Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent, Financial Services, Consumer Defensive, Utilities, Energy, Health, Tech, Basic Materials, 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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Quant Absolute Fund Direct Growth
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 Growth has no lock in period.
INDmoney Rank
Fund Overview
| Expense ratio | 0.75% |
Benchmark | CRISIL Hybrid 35+65 - Agg TR INR |
| AUM | ₹2216 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 144.51% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Mutual Fund Insights
Quant Absolute Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹2216 Cr
Expense Ratio 0.75%
Frequently Asked Questions
Quant Absolute Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.33% | 3.33% |
6 Month Returns | 20.05% | 20.05% |
1 Year Returns | 39.13% | 39.13% |
3 Years Returns | 76.19% | 20.78% |
5 Years Returns | 241.55% | 27.85% |
- 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.
AAA | 100 |