Hybrid
Direct
Aggressive Allocation
NAV as on 04-09-2024
₹ 476.9
Inception Returns
19%
/yr
Quant Absolute Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Sanjeev Sharma, Ankit A. Pande. This fund gives you the benefit of diversification.
Quant Absolute Fund Direct Growth has given a CAGR return of 19.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.07%, 20.33% and 29.10% respectively.
Quant Absolute Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Consumer Defensive, Financial Services, Utilities, Energy, Health, Basic Materials, Consumer Cyclical.
As it is a aggressive allocation mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
The investments objective of the scheme is to generate income / capital appreciation by investing primarily in equity and equity related instruments with a moderate exposure to debt securities & money market instruments. There is no assurance that the investment objective of the Scheme will be realized.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Quant Absolute Fund Direct Growth has no lock in period.
Expense ratio | 0.7% |
Benchmark | CRISIL Hybrid 35+65 - Agg TR INR |
AUM | ₹2295 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 143.62% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (04-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Government, Financial Services & Consumer Defensive
Quant Absolute Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.24% | 0.24% |
6 Month Returns | 11.74% | 11.74% |
1 Year Returns | 38.07% | 38.07% |
3 Years Returns | 74.21% | 20.33% |
5 Years Returns | 258.59% | 29.1% |
AAA | 100 |