Quant ELSS Tax Saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
Quant ELSS Tax Saver Fund Direct Growth

About the Fund

Quant ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Ankit A. Pande. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Quant ELSS Tax Saver Fund Direct Growth has ₹10528 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

Quant ELSS Tax Saver Fund Direct Growth has given a CAGR return of 23.91% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 59.50%, 27.97% and 36.24% respectively.

Holdings

Quant ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Utilities, Energy, Consumer Defensive, Health, Consumer Cyclical, Tech, Industrial, Real Estate. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, Adani Power Ltd, Jio Financial Services Ltd, Aurobindo Pharma Ltd

Taxation

As it is a elss (tax savings) 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 ELSS Tax Saver Fund Direct Growth

The investment objective of the Scheme is to generate Capital Appreciation by investing predominantly in a well-diversified portfolio of Equity Shares with growth potential. 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 500.00 and for SIP is INR 500.00. There is a lock in period for Quant ELSS Tax Saver Fund Direct Growth of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
97224 people have invested ₹ 45.6Cr in Quant ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
1
/23
90% Performance
41% Risk Management
60% Cost
1 out of 23 among elss (tax savings)
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Generated Consistent Returns
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Consistently beats benchmark
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Lower probablity of downside risk
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Highly volatile within category

Fund Overview

Expense ratio0.77%
Benchmark
S&P BSE 200 India TR INR
AUM₹10528 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
130.26%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 96.6%

  • Debt & Cash 3.4%

Large cap
69.5%

Small cap
14.1%

Mid cap
12.2%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
32.3%
Basic Materials
12.4%
Utilities
12.2%
Energy
10.5%
Consumer Defensive
7.4%
Health
7.2%
Consumer Cyclical
7.2%
Tech
5.7%
Industrial
4.4%
Real Estate
0.6%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Ankit A. Pande
Ankit A. Pande
Fund Manager of Quant ELSS Tax Saver Fund Direct Growth, since 11 May 2020

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.77% which is lower than the category average expense ratio of 1.27%.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.78% return, outperforming this fund by 0.81% per annum.
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In the last 1 year, this fund has outperformed all funds in its category.
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Over the last 1 year, this fund has increased expense ratio by 35.1% moving from 0.57 to 0.77.
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Over the last 6 months, this fund has experienced a 64.1% growth in AUM moving from 6.41K Cr to 10.52K Cr.
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In the last 5 years, this fund has outperformed all funds in its category.

Quant ELSS Tax Saver 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 23.91% since inception which is more than its category average return of 16.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.6% in Equity, 0% in Debt and 3.4% in Cash related instruments
AUM size ₹10528 Cr

AUM size ₹10528 Cr

This fund has AUM of ₹10528 Cr which is more than its category average of ₹ 3925 Cr
Expense Ratio 0.77%

Expense Ratio 0.77%

This fund has an expense ratio of 0.77% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of Quant ELSS Tax Saver Fund Direct Growth is ₹444.68 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
Quant ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.5%
2.5%
6 Month Returns
24.96%
24.96%
1 Year Returns
59.5%
59.5%
3 Years Returns
109.58%
27.97%
5 Years Returns
369.42%
36.24%
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.
0.77% as on June 2024
₹10528 Cr as on June 2024
HDFC Bank Ltd(10.25%), Reliance Industries Ltd(10.18%), Adani Power Ltd(7.91%), Jio Financial Services Ltd(6.47%), Aurobindo Pharma Ltd(4.84%) as on June 2024
Financial Services(31.25%), Basic Materials(11.95%), Utilities(11.77%) as on June 2024
The alpha ratio for the Quant ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Quant ELSS Tax Saver Fund Direct Growth
13.3
7.95
13.1
As on June 2024
The alpha for Quant ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR 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 ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Quant ELSS Tax Saver Fund Direct Growth
1.05
0.98
0.99
As on June 2024
The Beta for Quant ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR 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 ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Quant ELSS Tax Saver Fund Direct Growth
3.02
1.35
1.3
As on June 2024
The sharpe ratio for Quant ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR 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 ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Quant ELSS Tax Saver Fund Direct Growth
13.72
15.9
21.34
As on June 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.
Sortino ratio is 2.58 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.98 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Ankit A. Pande is the fund manager of Quant ELSS Tax Saver Fund Direct Growth
The Exit load of Quant ELSS Tax Saver Fund Direct Growth is 0%