Quant Absolute Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
473.060.31%
- Growth - Direct
(Earn upto 1.29% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Aggressive Hybrid
Expense Ratio:
0.70%(0.82% Category
average)Fund Size:
Rs. 2,295.21 Cr(0.95% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Quant Absolute Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
473.060.31%
Expense Ratio:
0.70%
Fund Size:
Rs. 2,295.21 Cr
Fund Category:
Hybrid: Aggressive Hybrid
1. Current NAV: The Current Net Asset Value of the Quant Absolute Fund - Direct Plan as of Aug 29, 2024 is Rs 473.06 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 39.13% (1yr), 21.07% (3yr), 28.33% (5yr) and 18.79% (since launch). Whereas, Category returns for the same time duration are: 32.69% (1yr), 16.07% (3yr) and 18.06% (5yr).
3. Fund Size: The Quant Absolute Fund - Direct Plan currently holds Assets under Management worth of Rs 2295.21 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.7% for Direct plan as on Aug 21, 2024.
5. Exit Load: Quant Absolute 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 Absolute Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -0.96 6.40 12.08 38.72 21.17 28.62 Category Avg 1.22 10.09 16.07 32.34 16.05 18.18 Rank within Category 47 45 46 11 7 2 No. of funds within Category 47 46 46 44 43 39 - Loading...
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Return Comparison
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Quant Absolute Fund Direct-Growth Fund Details
Investment Objective - The scheme seeks to provide long term capital appreciation and current income with a mix of fixed income securities and equity instruments.
Fund House | Quant Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | CRISIL Hybrid 25+75 Aggressive Index |
Return Since Launch | 18.81% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Above Average |
Return Grade | High |
Quant Absolute Fund Direct-Growth 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
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 28 29 28 28 36 32 Top 5 Company Holdings 39.37% 40.81% 37.7% 36.64% 36.96% 38.04% Top 10 Company Holdings 64.16% 63.87% 62.84% 60.63% 60.08% 58.84% Company with Highest Exposure Reliance Industries (9.42%) HDFC Bank (10.2%) Reliance Industries (9.41%) Reliance Industries (9.49%) JIO Financial (9.96%) JIO Financial (9.91%) Number of Sectors 8 8 9 9 13 12 Top 3 Sector Holdings 57.03% 59.75% 55.74% 47.6% 44.4% 40.75% Top 5 Sector Holdings 72.34% 69.97% 67.12% 60.58% 61.48% 55.14% Sector with Highest Exposure Consumer Staples (24.07%) Financial (23.76%) Energy (22.55%) Energy (23.69%) Energy (22.57%) Energy (21.08%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Reliance Industries Energy 9.42 29.72 101.60 25.68 ITC Consumer Staples 8.44 30.65 16.38 14.77 Life Insurance Insurance 7.53 16.09 66.13 63.96 JIO Financial Financial 7.25 - - - Adani Power Energy 6.73 15.25 41.44 93.66 Britannia Industries Consumer Staples 5.56 64.46 90.83 28.71 Tata Power Company Energy 5.37 37.59 11.56 74.52 Dr. Reddy's Laboratories Healthcare 5.06 21.08 333.59 21.09 United Spirits Consumer Staples 4.56 75.76 19.46 44.39 Hindustan Unilever Consumer Staples 4.13 63.17 43.98 10.26
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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 Absolute Fund Direct-Growth 473.06 2,295.21 -1.16 38.33 20.51 28.46 Edelweiss Aggressive Hybrid Fund Direct - Growth 70.92 1,951.63 1.84 39.71 21.42 22.39 ICICI Prudential Equity & Debt Fund Direct-Growth 418.03 39,090.93 1.49 39.89 24.17 25.04 HDFC Children's Gift Fund Direct Plan 321.30 9,779.92 0.65 29.48 18.41 21.13 SBI Magnum Children's Benefit Fund - Investment Plan Direct - Growth 43.16 2,571.71 0.27 44.34 28.70 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
11.83VS10.04Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.75VS0.78Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.20VS1.17Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
18.91VS15.20Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
6.37VS3.58Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
19.73VS17.25Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- A.S.Archit SinghalSince Jan 20137 schemes
- V.S.Vasav SahgalSince Apr 202222 schemes
- A.A.Ankit A PandeSince May 202023 schemes
Mr. Singhal is a B.Com (H) from Delhi University, MBA from Welingkar Institute and CFA. Prior to joining Escorts MF he has worked with Prabhudas Lilladher Globe Capital Market Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Quant ELSS Tax Saver Fund Direct-Growth ELSS 448.03 11,065.42 53.29 Quant Mid Cap Fund Direct-Growth Mid Cap 272.54 9,282.92 58.69 Quant Focused Fund Direct-Growth Large Cap 102.82 1,115.99 49.42 Quant Large and Mid Cap Fund Direct-Growth Large & MidCap 140.46 3,572.83 61.70 Quant Infrastructure Fund Direct-Growth Sectoral-Infrastructure 46.14 4,103.61 70.25 Quant Flexi Cap Fund Direct-Growth Flexi Cap 119.92 Unrated 7,435.74 58.36 Quant Active Fund Direct-Growth Multi Cap 776.81 Unrated 11,249.35 46.66 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-Growth ELSS 448.03 11,065.42 53.29 Quant Mid Cap Fund Direct-Growth Mid Cap 272.54 9,282.92 58.69 Quant Focused Fund Direct-Growth Large Cap 102.82 1,115.99 49.42 Quant Large and Mid Cap Fund Direct-Growth Large & MidCap 140.46 3,572.83 61.70 Quant Multi Asset Fund Direct-Growth Multi Asset Allocation 141.65 2,605.27 44.42 Quant Infrastructure Fund Direct-Growth Sectoral-Infrastructure 46.14 4,103.61 70.25 Quant Small Cap Fund Direct Plan-Growth Small Cap 299.02 24,529.77 56.53 Quant PSU Fund Direct - Growth Thematic-PSU 12.58 Unrated 1,065.78 - Quant Consumption Fund Direct - Growth Thematic-Consumption 11.85 Unrated 327.40 - Quant Commodities Fund Direct - Growth Thematic 14.61 Unrated 446.58 - Quant Momentum Fund Direct - Growth Thematic 16.21 Unrated 2,313.13 - Quant Teck Fund Direct - Growth Sectoral-Technology 14.20 Unrated 452.65 - Quant Manufacturing Fund Direct - Growth Thematic 17.69 Unrated 1,014.28 71.48 Quant Healthcare Fund Direct - Growth Sectoral-Pharma 17.29 Unrated 348.91 64.13 Quant BFSI Fund Direct - Growth Sectoral-Banking 17.57 Unrated 653.45 54.03 Quant Business Cycle Fund Direct-Growth Thematic 19.21 Unrated 1,509.10 66.34 Quant Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 17.86 Unrated 1,334.25 59.29 Quant Flexi Cap Fund Direct-Growth Flexi Cap 119.92 Unrated 7,435.74 58.36 Quant Active Fund Direct-Growth Multi Cap 776.81 Unrated 11,249.35 46.66 Quant Quantamental Fund Direct - Growth Thematic 26.60 Unrated 2,673.51 58.67 Quant Value Fund Direct - Growth Value Oriented 22.91 Unrated 2,086.60 73.10 Quant ESG Equity Fund Direct - Growth Thematic-ESG 39.77 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-Growth Large Cap 102.82 1,115.99 49.42 Quant Mid Cap Fund Direct-Growth Mid Cap 272.54 9,282.92 58.69 Quant ELSS Tax Saver Fund Direct-Growth ELSS 448.03 11,065.42 53.29 Quant Multi Asset Fund Direct-Growth Multi Asset Allocation 141.65 2,605.27 44.42 Quant Large and Mid Cap Fund Direct-Growth Large & MidCap 140.46 3,572.83 61.70 Quant Infrastructure Fund Direct-Growth Sectoral-Infrastructure 46.14 4,103.61 70.25 Quant Small Cap Fund Direct Plan-Growth Small Cap 299.02 24,529.77 56.53 Quant PSU Fund Direct - Growth Thematic-PSU 12.58 Unrated 1,065.78 - Quant Consumption Fund Direct - Growth Thematic-Consumption 11.85 Unrated 327.40 - Quant Commodities Fund Direct - Growth Thematic 14.61 Unrated 446.58 - Quant Momentum Fund Direct - Growth Thematic 16.21 Unrated 2,313.13 - Quant Teck Fund Direct - Growth Sectoral-Technology 14.20 Unrated 452.65 - Quant Manufacturing Fund Direct - Growth Thematic 17.69 Unrated 1,014.28 71.48 Quant Healthcare Fund Direct - Growth Sectoral-Pharma 17.29 Unrated 348.91 64.13 Quant BFSI Fund Direct - Growth Sectoral-Banking 17.57 Unrated 653.45 54.03 Quant Business Cycle Fund Direct-Growth Thematic 19.21 Unrated 1,509.10 66.34 Quant Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 17.86 Unrated 1,334.25 59.29 Quant Large Cap Fund Direct - Growth Large Cap 16.42 Unrated 1,894.62 49.08 Quant Value Fund Direct - Growth Value Oriented 22.91 Unrated 2,086.60 73.10 Quant Quantamental Fund Direct - Growth Thematic 26.60 Unrated 2,673.51 58.67 Quant ESG Equity Fund Direct - Growth Thematic-ESG 39.77 Unrated 314.71 55.79 Quant Flexi Cap Fund Direct-Growth Flexi Cap 119.92 Unrated 7,435.74 58.36 Quant Active Fund Direct-Growth Multi Cap 776.81 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 Absolute Fund - Direct Plan is Open-ended Aggressive Hybrid Hybrid scheme which belongs to Quant Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide long term capital appreciation and current income with a mix of fixed income securities and equity instruments. "
2. It is benchmarked against CRISIL Hybrid 25+75 Aggressive Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 79.73% in equities, 15.47% in debts and 4.8% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 64.05% of the assets, the top 3 sectors constitute around 57.03% of the assets.
3. The fund largely follows a Growth 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.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Quant Absolute Fund Direct-Growth
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
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 up to 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).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than 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 Absolute Fund Direct-Growth
- Is it safe to invest in Quant Absolute Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Quant Absolute Fund - Direct Plan comes under Very High risk category.
- What is the category of Quant Absolute Fund - Direct Plan?Quant Absolute Fund - Direct Plan belongs to the Hybrid : Aggressive Hybrid category of funds.
- How Long should I Invest in Quant Absolute Fund - Direct Plan?The suggested investment horizon of investing into Quant Absolute 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 Absolute Fund - Direct Plan?The Quant Absolute Fund - Direct Plan is managed by Archit Singhal (Since Jan 01, 2013) , Vasav Sahgal (Since Apr 05, 2022) and Ankit A Pande (Since May 11, 2020).
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