Quant ELSS Tax Saver Fund Direct Growth

Quant ELSS Tax Saver Fund is an ELSS mutual fund where at least 80% of its assets are invested in equity and equity-related securities. Investors of ELSS funds enjoy a tax benefit of 1.5 Lakh per year under section 80C of the Income Tax Act. The remaining 20% is invested in money market instruments. The fund does not invest in overseas securities, REITS, or equity derivatives.

The fund managers at Quant take a quantitative and dynamic approach to building their portfolio. This strategy involves using the VLRT (Valuation, Liquidity, Risk appetite, Time) framework. This strategy helps them assess inflexion points where they can invest and make the most returns. The strategy they use is also referred to as macro to micro. Under which, they first look at sectors and then bottom-up approach for stock picking.

Currently, the fund's portfolio comprises 6.5% small-cap stocks, 84.97% large-cap stocks, and 6.60% mid-cap stocks.

With an AUM of ₹11396.0 crores, Quant ELSS Tax Saver Fund Direct Growth generated a return of -9.2% in 1 year, 15.3% in 3 years, 27.8% in 5 years. while its benchmark index (Nifty 500) generated -2.2% in 1 year, 15.4% in 3 years, and 19.6% in 5 years.