Quant BFSI Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 23-12-2024
₹ 15.92
▲0.7%
1D
Inception Returns
36%
/yr
About Quant BFSI Fund Direct Growth
Quant BFSI Fund Direct Growth is an equity fund. This fund was started on 21 June, 2023. The fund is managed by Ankit A. Pande, Sanjeev Sharma. The fund could potentially beat inflation in the long-run.
Key Parameters
- Quant BFSI Fund Direct Growth has ₹626 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Quant BFSI Fund Direct Growth has given a CAGR return of 36.00% since inception. Over the last 1 year the fund has given a CAGR return of 16.73%.
Holdings
Quant BFSI Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Tech. Its top holdings are Aadhar Housing Finance Ltd, Piramal Enterprises Ltd, Jio Financial Services Ltd, Life Insurance Corporation of India, HDFC Life Insurance Co Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows: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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Quant BFSI Fund Direct Growth
The primary investment objective of the scheme is to generate consistent returns by investing in equity and equity related instruments of banking and financial services. However, there is no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Quant BFSI Fund Direct Growth has no lock in period.
Historical NAV & Returns
Quant BFSI Fund Direct Growth Overview
| Expense ratio | 0.69% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹626 Cr |
| Inception Date | 21 June, 2023 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 186.68% |
| STCG | Selling mutual fund 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 |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at -1.23% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund underperformed Nifty 500 by 0.63% in Nov'24
- AUM of the fund stands at 629.7 Cr as of Nov'24
- AUM decreased by 74.9 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Energy & Tech
Top Growth Drivers | 1M Return |
|---|---|
 Piramal Enterprises Ltd | 6.4% |
 Life Insurance Corporation of India | 2.6% |
Quant BFSI Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹626 Cr
Expense Ratio 0.69%
Frequently Asked Questions for Quant BFSI Fund Direct Growth
Quant BFSI Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.82% | 2.82% |
6 Month Returns | -7.78% | -7.78% |
1 Year Returns | 16.73% | 16.73% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Quant BFSI Fund Direct Growth | 12.49 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Quant BFSI Fund Direct Growth | 0.54 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Quant BFSI Fund Direct Growth | 0.9 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Quant BFSI Fund Direct Growth | 20.15 | - | - |