May 29, 2024
mayank
Aditya Birla (ABSL) Quant Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the ABSL Quant Fund Open Date, Close Date?
NFO opens on June 10, 2024
NFO will close on June 24, 2024
What is the Investment Strategy?
The Scheme seeks to generate long term capital appreciation by investing in equity and equity related securities based on quant model theme. The Scheme does not guarantee/indicate any returns. There is no assurance that the investment objective of the Scheme will be achieved.
Basic Details
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Issue Open | 10 June 2024 |
| Issue Close | 24 June 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 90 days |
| Riskometer | Very High |
| Benchmark | NIFTY 200 TRI |
What is the Benchmark Index of ABSL Quant Fund?
The Nifty 200 Index is designed to reflect the behaviour and performance of the large and mid market capitalization companies. Nifty 200 includes all companies forming part of Nifty 100 and Nifty Midcap 100 Index.
The Nifty 200 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period.
Nifty 200 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty 200 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 2.79 | 7.41 | 34.76 | 15.78 | 13.30 |
| Total Return | 2.79 | 7.60 | 36.09 | 17.05 | 14.81 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 10.22 | 18.70 | 21.42 |
| Beta (NIFTY 50) | 0.99 | 0.97 | 0.97 |
| Correlation (NIFTY 50) | 0.96 | 0.99 | 0.99 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 23.97 | 4.15 | 1.05 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 7.80 |
| Reliance Industries Ltd. | 6.77 |
| ICICI Bank Ltd | 5.51 |
| Infosys Ltd. | 3.46 |
| Larsen & Toubro Ltd. | 2.90 |
| Tata Consultancy Services Ltd. | 2.64 |
| ITC Ltd. | 2.63 |
| Bharti Airtel Ltd. | 2.35 |
| Axis Bank Ltd | 2.26 |
| State Bank of India | 2.16 |
Performance Review of the Fund Manager of ABSL Quant Fund?
1) Harish Krishnan
Education: Mr. Krishnan is a Graduate from Government Engineering College Trichur and MBA from IIM Kozhikode
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund, he has also worked at Kotak Mahindra Mutual Fund, Infosys Technologies Ltd in his earlier stint.
Past Performance of his Schemes
| Fund | Aditya Birla Sun Life Flexi Cap Fund | It’s Benchmark | Aditya Birla Sun Life Manufacturing Equity Fund | It’s Benchmark |
| 1 Year | 34.75 | 36.72 | 49.78 | 36.72 |
| 3 Year | 15.96 | 18.93 | 17.61 | 18.93 |
| 5 Year | 16.11 | 18.27 | 18.19 | 18.27 |
| 7 Year | 13.55 | 15.84 | 12.96 | 15.84 |
| 10 Year | 15.10 | 15.24 | — | — |
As on 29-5-2024
Which Company Owns ABSL Quant Fund?
Aditya Birla Sun Life AMC Ltd.
Address: One World Center, Tower 1, 17th Floor, Jupiter Mill Compound Senapati Bapat Marg, Elphinstone Road Mumbai – 400013
Website: http://mutualfund.adityabirlacapital.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Aditya Birla (ABSL) Quant Fund NFO?
Guidance for Aditya Birla (ABSL) Quant Fund by Paresh Gordhandas, C.A., Research Analyst.
A quant fund is an investment fund whose securities are chosen based on numerical data compiled through quantitative analysis. These funds are considered non-traditional and passive. They are built with customized models using software programs to determine investments.
Proponents of quant funds believe that choosing investments using inputs and computer programs helps fund companies cut down on the risks and losses associated with management by human fund managers.
Since it follows quant-based strategy based on its in-house framework, they may buy and sell stocks based on their model and the fund house does not flinch at a lot of portfolio churning.
So this is something for an investor with investments already in traditional mutual funds and with spare money and readiness to experiment and take risk. While Index beating returns are expected the same might not always be true. It is a way to diversify, but invest keeping the risk in mind.
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