Quant BFSI Fund Direct Growth

Quant BFSI Fund Direct Growth

Equity

Direct

Sector - Financial Services

NAV as on 06-12-2024

₹ 16.42

0.3%

1D

Inception Returns

40.5%

/yr

About Quant BFSI Fund Direct Growth

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.

Key Parameters

  1. Quant BFSI Fund Direct Growth has ₹630 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.7.

Returns

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%.

Holdings

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

Taxation

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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Quant BFSI Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1366 people have invested ₹ 1.5Cr in Quant BFSI Fund Direct Growth in the last three months

Quant BFSI Fund Direct Growth Overview

Expense ratio0.69%
Benchmark
S&P BSE BANKEX INR
AUM₹630 Cr
Inception Date21 June, 2023
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
186.68%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
Quant BFSI Fund Direct Growth
Nifty 500
sector - financial services
1M
1.3%
1.2%
2.4%
3M
-8.2%
-0.7%
2.5%
6M
1.3%
9.1%
10.2%
1Y
26.5%
24.8%
15.6%

Fund Distribution

as on (31-Oct-24)

  • Equity 98.9%

  • Debt & Cash 1.1%

Large cap
45.4%

Small cap
40.9%

Mid cap
8.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
89%
Energy
7.5%
Tech
3.4%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-10.31%
2.29%
-2.35%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -10.31% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund underperformed Nifty 500 by 3.79% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 704.6 Cr
₹ 704.6 Cr
₹ 655.4 Cr
  • AUM of the fund stands at 704.6 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Reliance Industries Ltd's allocation increased from 4.36% to 6.95%
Reliance Industries Ltd's allocation increased from 4.36% to 6.95%
Manappuram Finance Ltd's allocation increased from 4.14% to 6.01%
Manappuram Finance Ltd's allocation increased from 4.14% to 6.01%
Jio Financial Services Ltd's allocation increased from 9.47% to 9.74%
Jio Financial Services Ltd's allocation increased from 9.47% to 9.74%
Top Stocks sold last month
Aadhar Housing Finance Ltd's allocation decreased from 9.67 % to 9.53 %
Aadhar Housing Finance Ltd's allocation decreased from 9.67 % to 9.53 %
RBL Bank Ltd's allocation decreased from 7.73 % to 7.18 %
RBL Bank Ltd's allocation decreased from 7.73 % to 7.18 %
Aditya Birla Capital Ltd's allocation decreased from 6.82 % to 6.08 %
Aditya Birla Capital Ltd's allocation decreased from 6.82 % to 6.08 %
Small Cap allocation has gone down from 42.7% to 40.9%
Small Cap allocation has gone down from 42.7% to 40.9%
Mid Cap allocation has gone down from 9.3% to 8.2%
Mid Cap allocation has gone down from 9.3% to 8.2%
Large Cap allocation has gone up from 44.1% to 45.4%
Large Cap allocation has gone up from 44.1% to 45.4%
Cash allocation has gone up from -0.8% to 1.1%
Cash allocation has gone up from -0.8% to 1.1%

Top 3 Sectors in October were Financial Services, Energy & Tech

Oct'24
Financial Services
89%
Energy
8%
Tech
3%
Sep'24
Financial Services
91%
Energy
5%
Tech
4%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
22
21
20
Top 5 Company Concentration
46.3%
45.7%
46.7%
Company having highest exposure
Jio Financial Services Ltd (9.7%)
Aadhar Housing Finance Ltd (9.7%)
HDFC Life Insurance Company Limited (9.9%)
No of Sectors
3
3
2
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (89%)
Financial Services (90.8%)
Financial Services (95%)
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Ankit A. Pande
Ankit A. Pande
Fund Manager of Quant BFSI Fund Direct Growth, since 21 June 2023
Sanjeev Sharma
Sanjeev Sharma
Fund Manager of Quant BFSI Fund Direct Growth, since 21 June 2023
Fund House
Quant Money Managers Limited
Total Schemes
Total AUM
₹1.01L Cr
as on 31-Oct-2024
Address
6th Floor, Sea Breeze Building,Appasaheb Marathe Marg, Prabhadevi
Phone
022-62955000
Website
help.investor@quant.in

Quant BFSI Fund Direct Growth 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 40.51% since inception which is more than its category average return of 16.67%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.87% in Equity, 0% in Debt and 1.13% in Cash related instruments
AUM size ₹630 Cr

AUM size ₹630 Cr

This fund has AUM of ₹630 Cr which is less than its category average of ₹ 1747 Cr
Expense Ratio 0.69%

Expense Ratio 0.69%

This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions for Quant BFSI Fund Direct Growth

The current NAV of Quant BFSI Fund Direct Growth is ₹16.42 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
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%
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.
0.69% as on November 2024
₹630 Cr as on November 2024
Jio Financial Services Ltd(9.74%), Aadhar Housing Finance Ltd(9.53%), HDFC Life Insurance Co Ltd(9.45%), Piramal Enterprises Ltd(9.17%), Life Insurance Corporation of India(8.39%) as on November 2024
Financial Services(88.01%), Energy(7.46%), Tech(3.4%) as on November 2024
The alpha ratio for the Quant BFSI Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Quant BFSI Fund Direct Growth
12.49
-
-
As on November 2024
The alpha for Quant BFSI Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Quant BFSI Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Quant BFSI Fund Direct Growth
0.54
-
-
As on November 2024
The Beta for Quant BFSI Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Quant BFSI Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Quant BFSI Fund Direct Growth
0.9
-
-
As on November 2024
The sharpe ratio for Quant BFSI Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Quant BFSI Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Quant BFSI Fund Direct Growth
20.15
-
-
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Ankit A. Pande, Sanjeev Sharma are the fund managers of Quant BFSI Fund Direct Growth
The Exit load of Quant BFSI Fund Direct Growth is 1%