Quant BFSI Fund Direct - IDCW
NAV as of Aug 29, 2024
17.59-0.17%
(Earn upto 1.63% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.68%(0.62% Category
average)Fund Size:
Rs. 653.45 Cr(1.61% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Quant BFSI Fund Direct - IDCW
NAV as of Aug 29, 2024
17.59-0.17%
Expense Ratio:
0.68%
Fund Size:
Rs. 653.45 Cr
Fund Category:
Equity: Sectoral-Banking
1. Current NAV: The Current Net Asset Value of the Quant BFSI Fund - Direct Plan as of Aug 29, 2024 is Rs 17.59 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 54.15% (1yr) and 60.66% (since launch). Whereas, Category returns for the same time duration are: 24.78% (1yr), 16.52% (3yr) and 15.59% (5yr).
3. Fund Size: The Quant BFSI Fund - Direct Plan currently holds Assets under Management worth of Rs 653.45 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.68% for Direct plan as on Aug 21, 2024.
5. Exit Load: Quant BFSI Fund - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 15 days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
Quant BFSI Fund Direct - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -1.68 6.17 9.30 54.03 - - Category Avg -0.06 6.61 11.47 24.80 16.49 15.98 Rank within Category 30 22 26 1 - - No. of funds within Category 54 51 49 43 28 18 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Financial Services Total Return Index
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Quant BFSI Fund Direct - IDCW Fund Details
Investment Objective - The scheme seeks to generate consistent returns by investing in equity and equity related instruments of banking and financial services.
Fund House | Quant Mutual Fund |
Launch Date | Jun 20, 2023 |
Benchmark | NIFTY Financial Services Total Return Index |
Return Since Launch | 60.26% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Quant BFSI Fund Direct - IDCW Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 1,000.00 |
Minimum Withdrawal (Rs.) | 1.00 |
Exit Load Exit load of 1%, if redeemed within 15 days. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 17 | 20 | 18 | 17 | 20 | 17 |
Top 5 Company Holdings | 47.27% | 44.52% | 41.39% | 46.02% | 49.71% | 44.89% |
Top 10 Company Holdings | 82.59% | 76.5% | 73.54% | 80.66% | 78.54% | 72.71% |
Company with Highest Exposure | Life Insurance (9.81%) | HDFC Bank (9.7%) | Reliance Industries (8.68%) | Reliance Industries (9.4%) | Bank Nifty (13.51%) | JIO Financial (9.9%) |
Number of Sectors | 3 | 4 | 3 | 4 | 4 | 4 |
Top 3 Sector Holdings | 92.96% | 93.55% | 97.82% | 90.46% | 87.69% | 82.03% |
Top 5 Sector Holdings | 92.96% | 95.82% | 97.82% | 99.6% | 97.59% | 90.74% |
Sector with Highest Exposure | Financial (64.31%) | Financial (64.51%) | Financial (66.11%) | Financial (67.92%) | Financial (59.89%) | Financial (58.76%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Life Insurance Insurance 9.81 16.09 66.13 63.96 HDFC Life Insurance Insurance 9.61 - - - Aadhar Housing Fin Financial 9.32 - - - Bajaj Finance Financial 9.31 29.86 241.14 -3.15 Bajaj Finserv Financial 9.22 34.12 52.25 16.77 Piramal Enterprises Healthcare 9.22 -11.70 -89.18 -0.42 JIO Financial Financial 8.55 - - - Aditya Birla Capital Financial 7.07 16.63 13.24 22.58 Yes Bank Financial 5.73 50.86 0.46 40.83 Manappuram Finance Financial 4.75 8.13 26.55 48.40
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Quant BFSI Fund Direct - IDCW 17.59 Unrated 653.45 -2.35 51.11 - - Sundaram Financial Services Opportunities Fund Direct-IDCW 37.62 1,409.46 1.50 33.76 20.33 20.82 SBI Banking & Financial Services Fund Direct-IDCW 37.17 5,979.63 0.47 36.75 16.17 18.30 Mirae Asset Banking and Financial Services Fund Direct-IDCW 19.65 1,835.17 -0.37 24.89 16.10 - HDFC Banking & Financial Services Fund Direct - IDCW 15.65 3,596.75 1.21 26.88 16.04 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Fund Manager
- S.S.Sanjeev SharmaSince Jun 202317 schemes
- V.S.Vasav SahgalSince Jun 202321 schemes
- A.A.Ankit A PandeSince Jun 202322 schemes
Mr. Sharma is a Commerce Graduate and PGDBA (Finance) from Symbiosis, Pune. 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Quant Gilt Fund Direct - IDCW Gilt 11.36 96.04 8.00 Quant Overnight Fund Direct - IDCW Overnight 11.26 238.56 7.25 Quant Multi Asset Fund Direct-IDCW Multi Asset Allocation 130.55 2,605.27 44.42 Quant PSU Fund Direct - IDCW Thematic-PSU 12.59 Unrated 1,065.78 - Quant Consumption Fund Direct - IDCW Thematic-Consumption 11.86 Unrated 327.40 - Quant Commodities Fund Direct - IDCW Thematic 14.61 Unrated 446.58 - Quant Momentum Fund Direct - IDCW Thematic 16.19 Unrated 2,313.13 - Quant Teck Fund Direct - IDCW Sectoral-Technology 14.19 Unrated 452.65 - Quant Manufacturing Fund Direct - IDCW Thematic 17.69 Unrated 1,014.28 71.48 Quant Healthcare Fund Direct - IDCW Sectoral-Pharma 17.29 Unrated 348.91 64.13 Quant Business Cycle Fund Direct-IDCW Thematic 19.20 Unrated 1,509.10 66.34 Quant Dynamic Asset Allocation Fund Direct - IDCW Dynamic Asset Allocation 17.85 Unrated 1,334.25 59.29 Quant Large Cap Fund Direct - IDCW Large Cap 16.42 Unrated 1,894.62 49.08 Quant Value Fund Direct - IDCW Value Oriented 21.77 Unrated 2,086.60 73.10 Quant Quantamental Fund Direct - IDCW Thematic 26.74 Unrated 2,673.51 58.67 Quant ESG Equity Fund Direct-IDCW Thematic-ESG 39.73 Unrated 314.71 55.79 Quant Flexi Cap Fund Direct-IDCW Flexi Cap 81.59 Unrated 7,435.74 58.36 B.Com. and CFA Prior to joining Quant Mutual Fund, he has worked with Eqestar capital as Equity Research Analyst.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Quant ELSS Tax Saver Fund Direct-IDCW ELSS 59.72 11,065.42 53.29 Quant Focused Fund Direct-IDCW Large Cap 60.11 1,115.99 49.42 Quant Absolute Fund Direct-IDCW Aggressive Hybrid 65.52 2,295.21 38.72 Quant Large and Mid Cap Fund Direct-IDCW Large & MidCap 65.42 3,572.83 61.70 Quant Multi Asset Fund Direct-IDCW Multi Asset Allocation 130.55 2,605.27 44.42 Quant Infrastructure Fund Direct-IDCW Sectoral-Infrastructure 46.10 4,103.61 70.25 Quant Small Cap Fund Direct Plan-IDCW Small Cap 233.75 24,529.77 56.53 Quant PSU Fund Direct - IDCW Thematic-PSU 12.59 Unrated 1,065.78 - Quant Consumption Fund Direct - IDCW Thematic-Consumption 11.86 Unrated 327.40 - Quant Commodities Fund Direct - IDCW Thematic 14.61 Unrated 446.58 - Quant Momentum Fund Direct - IDCW Thematic 16.19 Unrated 2,313.13 - Quant Teck Fund Direct - IDCW Sectoral-Technology 14.19 Unrated 452.65 - Quant Manufacturing Fund Direct - IDCW Thematic 17.69 Unrated 1,014.28 71.48 Quant Healthcare Fund Direct - IDCW Sectoral-Pharma 17.29 Unrated 348.91 64.13 Quant Business Cycle Fund Direct-IDCW Thematic 19.20 Unrated 1,509.10 66.34 Quant Dynamic Asset Allocation Fund Direct - IDCW Dynamic Asset Allocation 17.85 Unrated 1,334.25 59.29 Quant Flexi Cap Fund Direct-IDCW Flexi Cap 81.59 Unrated 7,435.74 58.36 Quant Active Fund Direct-IDCW Multi Cap 89.96 Unrated 11,249.35 46.66 Quant Quantamental Fund Direct - IDCW Thematic 26.74 Unrated 2,673.51 58.67 Quant Value Fund Direct - IDCW Value Oriented 21.77 Unrated 2,086.60 73.10 Quant ESG Equity Fund Direct-IDCW Thematic-ESG 39.73 Unrated 314.71 55.79 Mr. Pande has done CFA and MBA Prior to joining Quant Mutual Fund he has worked with Infosys Finacle. Began his career in equity research in 2011.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Quant Focused Fund Direct-IDCW Large Cap 60.11 1,115.99 49.42 Quant Absolute Fund Direct-IDCW Aggressive Hybrid 65.52 2,295.21 38.72 Quant Multi Asset Fund Direct-IDCW Multi Asset Allocation 130.55 2,605.27 44.42 Quant Large and Mid Cap Fund Direct-IDCW Large & MidCap 65.42 3,572.83 61.70 Quant ELSS Tax Saver Fund Direct-IDCW ELSS 59.72 11,065.42 53.29 Quant Infrastructure Fund Direct-IDCW Sectoral-Infrastructure 46.10 4,103.61 70.25 Quant Small Cap Fund Direct Plan-IDCW Small Cap 233.75 24,529.77 56.53 Quant PSU Fund Direct - IDCW Thematic-PSU 12.59 Unrated 1,065.78 - Quant Consumption Fund Direct - IDCW Thematic-Consumption 11.86 Unrated 327.40 - Quant Commodities Fund Direct - IDCW Thematic 14.61 Unrated 446.58 - Quant Momentum Fund Direct - IDCW Thematic 16.19 Unrated 2,313.13 - Quant Teck Fund Direct - IDCW Sectoral-Technology 14.19 Unrated 452.65 - Quant Manufacturing Fund Direct - IDCW Thematic 17.69 Unrated 1,014.28 71.48 Quant Healthcare Fund Direct - IDCW Sectoral-Pharma 17.29 Unrated 348.91 64.13 Quant Business Cycle Fund Direct-IDCW Thematic 19.20 Unrated 1,509.10 66.34 Quant Dynamic Asset Allocation Fund Direct - IDCW Dynamic Asset Allocation 17.85 Unrated 1,334.25 59.29 Quant Large Cap Fund Direct - IDCW Large Cap 16.42 Unrated 1,894.62 49.08 Quant Value Fund Direct - IDCW Value Oriented 21.77 Unrated 2,086.60 73.10 Quant Quantamental Fund Direct - IDCW Thematic 26.74 Unrated 2,673.51 58.67 Quant ESG Equity Fund Direct-IDCW Thematic-ESG 39.73 Unrated 314.71 55.79 Quant Flexi Cap Fund Direct-IDCW Flexi Cap 81.59 Unrated 7,435.74 58.36 Quant Active Fund Direct-IDCW Multi Cap 89.96 Unrated 11,249.35 46.66
More Quant Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Quant Small Cap Fund Direct Plan-Growth | 21,242.79 | 6.88 | 19.09 | 28.66 | 67.70 | 36.20 | |
Quant Active Fund Direct-Growth | 10,204.01 | 6.14 | 17.56 | 27.30 | 55.00 | 27.90 | |
Quant ELSS Tax Saver Fund Direct-Growth | 9,860.39 | 5.90 | 16.25 | 27.42 | 60.63 | 29.77 | |
Quant Mid Cap Fund Direct-Growth | 7,952.99 | 5.60 | 20.15 | 34.98 | 75.76 | 36.33 | |
Quant Flexi Cap Fund Direct-Growth | 6,272.21 | 6.93 | 16.37 | 30.74 | 62.90 | 29.33 | |
Quant Infrastructure Fund Direct-Growth | 3,564.61 | 5.87 | 18.38 | 39.64 | 82.77 | 39.14 | |
Quant Large and Mid Cap Fund Direct-Growth | 2,954.58 | 6.07 | 17.70 | 32.25 | 69.88 | 32.28 | |
Quant Liquid Direct Fund-Growth | 2,625.41 | 0.61 | 1.79 | 3.65 | 7.20 | 5.85 | |
Quant Quantamental Fund Direct - Growth | 2,408.60 | 5.12 | 16.29 | 31.72 | 65.03 | 35.51 | |
Quant Multi Asset Fund Direct-Growth | 2,400.49 | 2.93 | 11.75 | 26.03 | 51.04 | 26.94 |
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1. Quant BFSI Fund - Direct Plan is Open-ended Sectoral-Banking Equity scheme which belongs to Quant Mutual Fund House.
2. The fund was launched on Jun 20, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate consistent returns by investing in equity and equity related instruments of banking and financial services. "
2. It is benchmarked against NIFTY Financial Services Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 92.96% in equities, 5.32% in debts and 1.72% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 66.18% of the assets, the top 3 sectors constitute around 92.96% of the assets.
3. The fund largely follows a Value oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Quant BFSI Fund Direct - IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Quant BFSI Fund Direct - IDCW
- Is it safe to invest in Quant BFSI Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Quant BFSI Fund - Direct Plan comes under Very High risk category.
- What is the category of Quant BFSI Fund - Direct Plan?Quant BFSI Fund - Direct Plan belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in Quant BFSI Fund - Direct Plan?The suggested investment horizon of investing into Quant BFSI Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Quant BFSI Fund - Direct Plan?The Quant BFSI Fund - Direct Plan is managed by Sanjeev Sharma (Since Jun 01, 2023) , Vasav Sahgal (Since Jun 01, 2023) and Ankit A Pande (Since Jun 01, 2023).
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