Quant ELSS Tax Saver Growth Option Direct Plan

Quant ELSS Tax Saver Growth Option Direct Plan

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 407.7 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
89742 people have invested ₹ 60.9Cr in Quant ELSS Tax Saver Growth Option Direct Plan in the last three months

Mutual Fund Insights

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This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.3%.
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In the last 1 year, this fund has outperformed all funds in its category.
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In the last 3 years, 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 33.3% moving from 0.57 to 0.76.
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Over the last 3 months, this fund has experienced a 38.4% growth in AUM moving from 5.61K Cr to 7.76K Cr.
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In the last 5 years, this fund has outperformed all funds in its category.

INDmoney Rank of Quant ELSS Tax Saver Growth Option Direct Plan

Powered by IND quant engine
2
/23
92% Performance
38% Risk Management
69% Cost
2 out of 23 among elss (tax savings)

Pros

Generated Consistent Returns
Consistently beats benchmark
Lower probablity of downside risk

Cons

Highly volatile within category
Poor track record of protecting capital in bear phase
Poor track record of Recovering losses quickly

About the Quant ELSS Tax Saver Growth Option Direct Plan

Quant ELSS Tax Saver Growth Option Direct Plan 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 Growth Option Direct Plan has ₹7770 Cr worth of assets under management (AUM) as on Feb 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Quant ELSS Tax Saver Growth Option Direct Plan Overview

Expense ratio
Expense ratio
0.76%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹7770 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
130.26%

Quant ELSS Tax Saver Growth Option Direct Plan Distribution as on (29-Feb-24)

  • Equity 98.3%

  • Debt & Cash 1.7%

Size breakup

Large cap
73%
Mid cap
13.4%
Small cap
11.6%
Sector Allocation

Feb'24

Jan'24

Dec'23

Financial Services
22.6%
Basic Materials
18.5%
Utilities
15.6%
Energy
10.9%
Tech
7.3%
Industrial
6.2%
Health
6.2%
Consumer Cyclical
6%
Consumer Defensive
5%
Communication
1.8%

Top Holdings of Quant ELSS Tax Saver Growth Option Direct Plan as on (31-Mar-24)

  • Equity

Equity Holdings44

Quant ELSS Tax Saver Growth Option Direct Plan: Monthly Changes Updates

All changes are between Dec'23 and Feb'24
Fund Performance
Feb'24
Jan'24
Dec'23
Fund Returns
2.18%
6.36%
9.93%
Nifty 500
1.58%
1.71%
7.25%
  • This fund’s returns stands at 2.18% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.58% as on Feb'24
  • This fund outperformed Nifty 500 by 0.60% in Feb'24
AUM Change
Parameters
Feb'24
Jan'24
Dec'23
AUM
₹ 7.2K Cr
₹ 7.2K Cr
₹ 5.6K Cr
  • AUM of the fund stands at 7.2K Cr as of Feb'24
  • AUM has remained same between Feb'24 and Jan'24
Fund Portfolio Changes

Gainers & Losers in Quant ELSS Tax Saver Growth Option Direct Plan portfolio Returns for the month of Feb

Quant ELSS Tax Saver Growth Option Direct Plan Fund Manager

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

Quant ELSS Tax Saver Growth Option Direct Plan 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 23.43% since inception which is more than its category average return of 15.76%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.32% in Equity, 0% in Debt and 1.68% in Cash related instruments
AUM size ₹7770 Cr

AUM size ₹7770 Cr

This fund has AUM of ₹7770 Cr which is more than its category average of ₹ 3503 Cr
Expense Ratio 0.76%

Expense Ratio 0.76%

This fund has an expense ratio of 0.76% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of Quant ELSS Tax Saver Growth Option Direct Plan is ₹407.7 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
Quant ELSS Tax Saver Growth Option Direct Plan
Absolute Returns
CAGR Returns
1 Month Returns
4.92%
4.92%
6 Month Returns
34.23%
34.23%
1 Year Returns
62.62%
62.62%
3 Years Returns
140.25%
33.93%
5 Years Returns
324.45%
33.53%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.76% as on March 2024
₹7770 Cr as on March 2024
Reliance Industries Ltd(9.77%), Adani Power Ltd(7.41%), Jio Financial Services Ltd(6.62%), Tata Consultancy Services Ltd(5.2%), Hindalco Industries Ltd(4.89%) as on March 2024
Basic Materials(19.44%), Financial Services(19.15%), Utilities(14.84%) as on March 2024
The alpha ratio for the Quant ELSS Tax Saver Growth Option Direct Plan for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Quant ELSS Tax Saver Growth Option Direct Plan
7.2
11.02
12.68
As on March 2024
The alpha for Quant ELSS Tax Saver Growth Option Direct Plan 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 Growth Option Direct Plan for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Quant ELSS Tax Saver Growth Option Direct Plan
1.16
1.03
1
As on March 2024
The Beta for Quant ELSS Tax Saver Growth Option Direct Plan 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 Growth Option Direct Plan for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Quant ELSS Tax Saver Growth Option Direct Plan
2.98
1.47
1.19
As on March 2024
The sharpe ratio for Quant ELSS Tax Saver Growth Option Direct Plan 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 Growth Option Direct Plan for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Quant ELSS Tax Saver Growth Option Direct Plan
13.43
16.89
21.38
As on March 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 3 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.34 as on March 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 Growth Option Direct Plan
The Exit load of Quant ELSS Tax Saver Growth Option Direct Plan is 0%