September 6, 2024
mayank
Quant Absolute Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 475.1932
NAV IDCW: Rs 65.8186
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide long term capital appreciation and current income with a mix of fixed income securities and equity instruments.
Fund Manager:
1) Ankit A Pande
Education: Mr. Pande has done CFA and MBA
Experience: Prior to joining Quant Mutual Fund he has worked with Infosys Finacle. Began his career in equity research in 2011.
2) Vasav Sahgal
Education: B.Com. and CFA
Experience: Prior to joining Quant Mutual Fund, he has worked with Eqestar capital as Equity Research Analyst.
3) Sanjeev Sharma
Education: Mr. Sharma is a Commerce Graduate and PGDBA (Finance) from Symbiosis, Pune.
Experience: He has total work experience of 17 years including 13 years of experience in the financial market. He specializes in identifying crucial inflexion points in securities.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details of Quant Absolute Fund
| Fund House | Quant Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 18.83% |
| Benchmark | CRISIL Hybrid 35+65 Aggressive Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 2,300 Cr |
| (As on 31-Aug-2024) | |
| Expense | 0.70% |
| (As on 31-Jul-2024) | |
| Risk Grade | Above Average |
| Return Grade | High |
| Turnover | — |
Trailing Returns (%) of Quant Absolute Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Quant Absolute Dir | 23.80 | -0.36 | 1.77 | 6.37 | 10.52 | 35.23 | 20.04 | 28.94 | 20.71 | 17.27 |
| VR Balanced TRI | 15.75 | -0.19 | 4.31 | 10.65 | 12.43 | 27.49 | 13.58 | 17.70 | 14.23 | 12.48 |
| Hybrid: Aggressive Hybrid | 21.38 | 0.09 | 4.64 | 11.66 | 16.12 | 32.68 | 16.57 | 19.86 | 14.69 | 13.94 |
| Rank within category | 11 | 44 | 44 | 44 | 43 | 13 | 7 | 2 | 1 | 2 |
| Number of funds in category | 43 | 44 | 44 | 44 | 43 | 42 | 42 | 38 | 29 | 23 |
Peer Comparison of Quant Absolute Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Quant Absolute Dir | 5 star | 35.23 | 20.04 | 28.94 | 0.70 | 2,300 | 18.83 | 1.00 (15) | 11Y 8M | 237.00 |
| ICICI Pru Equity & Debt Dir | 5 star | 37.33 | 23.79 | 25.05 | 0.99 | 39,091 | 18.69 | 1.00 (365) | 11Y 8M | 32.00 |
| HDFC Children’s Gift Dir | 5 star | 28.45 | 18.04 | 21.30 | 0.90 | 9,780 | 17.13 | — | 11Y 8M | 13.30 |
| Kotak Equity Hybrid Dir | 4 star | 34.47 | 18.73 | 22.65 | 0.44 | 6,355 | 15.53 | 1.00 (365) | 11Y 8M | 55.24 |
| UTI Aggressive Hybrid Dir | 4 star | 36.03 | 19.30 | 21.61 | 1.26 | 6,189 | 14.60 | 1.00 (365) | 11Y 8M | 37.00 |
Portfolio Analysis of Quant Absolute Fund
| No. of Stocks | 16 |
| Top 10 Holdings | 62.42% |
| Top 5 Stocks | 37.20% |
| Top 3 Sectors | 53.86% |
| Portfolio P/B Ratio | 4.14 |
| Portfolio P/E Ratio | 32.00 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,41,410 | 2,12,367 |
| Giant (%) | 67.42 | 58.89 |
| Large (%) | 32.58 | 17.44 |
| Mid (%) | — | 19.88 |
| Small (%) | — | 8.52 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 27 | 87 |
| Macaulay Duration (yrs) | — | — |
| Average Maturity (yrs) | — | — |
| Yield to Maturity (%) | — | — |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Quant Absolute Fund
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Quicklinks
Quant Absolute Fund
Quant Absolute Fund details, NAV, Fund Portfolio, Peer Comparison, Fund Managers, Mutual Fund Guidance, mutual fund, Best funds to invest, Best Funds, Fund Returns, Fund Analysis
What is Quant Absolute Fund?
Quant Absolute Fund – Direct Plan invests 65-80 per cent of its assets in equity stocks and the remaining 20-35 per cent in bonds.
How to Invest in Quant Absolute Fund?
Mutual funds can be bought directly from the website of the fund house. For instance, Quant Absolute Fund – Direct Plan fund can be purchased from the website of Quant Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
What is the Riskometer level of Quant Absolute Fund?
The riskometer level of Quant Absolute Fund – Direct Plan is Very High.
What is the expense ratio of Quant Absolute?
The expense ratio of Quant Absolute Fund – Direct Plan is 0.70.