Equity
Direct
Sector - Financial Services
NAV as on 06-12-2024
₹ 16.42
▲0.3%
1D
Inception Returns
40.5%
/yr
Quant BFSI Fund Direct Growth is an equity fund. This fund was started on 21 June, 2023. The fund is managed by Ankit A. Pande, Sanjeev Sharma. The fund could potentially beat inflation in the long-run.
Quant BFSI Fund Direct Growth has given a CAGR return of 40.51% since inception. Over the last 1 year the fund has given a CAGR return of 26.46%.
Quant BFSI Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Tech. Its top holdings are Jio Financial Services Ltd, Aadhar Housing Finance Ltd, HDFC Life Insurance Co Ltd, Piramal Enterprises Ltd, Life Insurance Corporation of India
As it is a sector - financial services mutual fund the taxation is as follows: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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
The primary investment objective of the scheme is to generate consistent returns by investing in equity and equity related instruments of banking and financial services. However, there is no assurance that the investment objective of the Scheme will be achieved.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Quant BFSI Fund Direct Growth has no lock in period.
Expense ratio | 0.69% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹630 Cr |
Inception Date | 21 June, 2023 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 186.68% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Energy & Tech
Quant BFSI Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.3% | 1.3% |
6 Month Returns | 1.33% | 1.33% |
1 Year Returns | 26.46% | 26.46% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Quant BFSI Fund Direct Growth | 12.49 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Quant BFSI Fund Direct Growth | 0.54 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Quant BFSI Fund Direct Growth | 0.9 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Quant BFSI Fund Direct Growth | 20.15 | - | - |