Quant ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
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
- 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.
- The fund has an expense ratio 0.8.
Returns
Quant ELSS Tax Saver Fund Direct Growth has given a CAGR return of 23.75% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 55.96%, 27.09% and 36.98% 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 benefitDividends 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
98450 people have invested ₹ 45.8Cr 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)
Generated Consistent Returns
Consistently beats benchmark
Lower probablity of downside risk
Highly volatile within category
Fund Overview
| Expense ratio | 0.77% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹10528 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 130.26% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Large cap
69.5%
Small cap
14.1%
Mid cap
12.2%
Sector Allocation
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
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Reliance Industries Ltd | 3.2% |
Samvardhana Motherson International Ltd | 2.4% |
Ankit A. Pande
Fund Manager of Quant ELSS Tax Saver Fund Direct Growth, since 11 May 2020
Top funds managed
Mutual Fund Insights
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 57.32% return, outperforming this fund by 1.35%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.48% return, outperforming this fund by 1.4% per annum.
Over the last 6 months, this fund has experienced a 64.1% growth in AUM moving from 6.41K Cr to 10.52K Cr.
In the last 5 years, this fund has outperformed all funds in its category.
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%.
Over the last 1 year, this fund has increased expense ratio by 35.1% moving from 0.57 to 0.77.
Quant ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 23.75% since inception which is more than its category average return of 16.63%
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
This fund has AUM of ₹10528 Cr which is more than its category average of ₹ 3925 Cr
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 ₹445.59 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Quant ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.68% | 1.68% |
6 Month Returns | 23.24% | 23.24% |
1 Year Returns | 55.96% | 55.96% |
3 Years Returns | 105.25% | 27.09% |
5 Years Returns | 382.26% | 36.98% |
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%