September 6, 2024
mayank
Quant BFSI Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 17.9194
NAV IDCW: Rs 17.9405
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate consistent returns by investing in equity and equity related instruments of banking and financial services.
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) Sandeep Tandon
Education: Mr. Tandon has done MBA (Finance)
Experience: Prior to joining Quant Mutual Fund, he has worked with ICICI Securities as Vice President, The Economic Times and IDBI AMC.
3) Vasav Sahgal
Education: B.Com. and CFA
Experience: Prior to joining Quant Mutual Fund, he has worked with Eqestar capital as Equity Research Analyst.
4) 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 BFSI Fund
| Fund House | Quant Mutual Fund |
| Launch Date | 20-Jun-23 |
| Return Since Launch | 61.70% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 655 Cr |
| (As on 31-Aug-2024) | |
| Expense | 0.68% |
| (As on 31-Jul-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Quant BFSI Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Quant BFSI Dir | 28.93 | 0.53 | 5.28 | 10.41 | 11.61 | 49.95 | — | — | — | — |
| BSE Bankex TRI | 8.41 | 0.06 | 2.81 | 5.00 | 9.10 | 18.11 | — | — | — | — |
| Equity: Sectoral-Banking | 15.64 | 0.28 | 5.61 | 10.61 | 13.59 | 28.78 | — | — | — | — |
| Rank within category | 1 | 3 | 18 | 17 | 18 | 1 | — | — | — | — |
| Number of funds in category | 23 | 31 | 30 | 29 | 26 | 22 | 14 | 11 | 11 | 8 |
Peer Comparison of Quant BFSI 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 BFSI Dir | Unrated | 49.95 | — | — | 0.68 | 655 | 61.70 | 1.00 (15) | 1Y 2M | 307.00 |
| Nippon India Banking & Financial Srvices Dir | 4 star | 28.82 | 19.08 | 19.60 | 1.08 | 6,138 | 15.09 | 1.00 (30) | 11Y 8M | 28.00 |
| SBI Banking & Financial Services Dir | 4 star | 36.14 | 16.31 | 18.90 | 0.74 | 5,980 | 16.31 | 0.50 (30) | 9Y 6M | 123.00 |
| HDFC Banking & Financial Services Dir | 4 star | 27.02 | 16.21 | — | 0.57 | 3,597 | 17.57 | 1.00 (30) | 3Y 2M | 20.61 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 24.99 | 16.23 | — | 0.60 | 1,835 | 20.39 | 1.00 (365) | 3Y 8M | 39.00 |
Portfolio Analysis of Quant BFSI Fund
| No. of Stocks | 15 |
| Top 10 Stocks | 81.26% |
| Top 5 Stocks | 47.47% |
| Top 3 Sectors | 90.74% |
| Portfolio P/B Ratio | 1.77 |
| Portfolio P/E Ratio | 21.20 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 53,052 | 3,00,040 |
| Giant (%) | 24.63 | 59.69 |
| Large (%) | 20.07 | 18.29 |
| Mid (%) | 47.99 | 18.15 |
| Small (%) | 7.31 | 7.73 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Quant BFSI Fund
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Quicklinks
Quant BFSI Fund
Quant BFSI 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 BFSI Fund?
Quant BFSI Fund – Direct Plan is mandated to invest at least 80 per cent of its assets in the shares of banks and financial services companies.
How to Invest in Quant BFSI Fund?
Mutual funds can be bought directly from the website of the fund house. For instance, Quant BFSI 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 BFSI?
The riskometer level of Quant BFSI Fund – Direct Plan is Very High.
What is the expense ratio of Quant BFSI?
The expense ratio of Quant BFSI Fund – Direct Plan is 0.68.