Quant ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 443.7
1D
Inception Returns
23.4%
/yr
About the Fund
Quant ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Ankit A. Pande. The fund could potentially beat inflation in the long-run.
Key Parameters
- Quant ELSS Tax Saver Fund Direct Growth has ₹11065 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
Quant ELSS Tax Saver Fund Direct Growth has given a CAGR return of 23.43% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 46.29%, 25.61% and 38.15% respectively.
Holdings
Quant ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Defensive, Utilities, Health, Consumer Cyclical, Energy, Basic Materials, Industrial, Tech. Its top holdings are Reliance Industries Ltd, Samvardhana Motherson International Ltd, Adani Power Ltd, Jio Financial Services Ltd, Life Insurance Corporation of India
Taxation
As it is a elss (tax savings) 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 ELSS Tax Saver Fund Direct Growth
The investment objective of the Scheme is to generate Capital Appreciation by investing predominantly in a well-diversified portfolio of Equity Shares with growth potential. There is no assurance that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Quant ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
▼
94790 people have invested ₹ 39.2Cr in Quant ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
1
/23
87% Performance
45% Risk Management
66% Cost
1 out of 23 among elss (tax savings)
Generated Consistent Returns
Consistently beats benchmark
Lower probablity of downside risk
Highly volatile within category
Fund Overview
| Expense ratio | 0.65% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹11065 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 156.71% |
| 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 |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
67.8%
Mid cap
14.8%
Small cap
5.1%
Sector Allocation
Financial Services
29.1%
Utilities
13.8%
Consumer Defensive
12.6%
Consumer Cyclical
10.3%
Energy
9.8%
Basic Materials
9.7%
Health
9.7%
Industrial
5%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 2.96% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund underperformed Nifty 500 by 0.57% in Jul'24
- AUM of the fund stands at 10.5K Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top Stocks bought last month
Samvardhana Motherson International Ltd's allocation increased from 4.14% to 8.9%
Life Insurance Corporation of India's allocation increased from 3.71% to 7.22%
Adani Power Ltd's allocation increased from 7.91% to 9.35%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 10.18 % to 9.32 %
HDFC Bank Ltd's allocation decreased from 10.25 % to 8.92 %
Tata Power Co Ltd's allocation decreased from 3.67 % to 3.59 %
Small Cap allocation has gone down from 14.1% to 13.8%
Cash allocation has gone up from 3.4% to 5%
Top 3 Sectors in July were Financial Services, Basic Materials & Utilities
Jul'24
Financial Services
29%
Utilities
14%
Consumer Defensive
13%
Jun'24
Financial Services
32%
Basic Materials
12%
Utilities
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Himadri Speciality Chemical Ltd | 13.2% |
 Aurobindo Pharma Ltd | 9.4% |
 Tata Consultancy Services Ltd | 7.3% |
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Ankit A. Pande
Fund Manager of Quant ELSS Tax Saver Fund Direct Growth, since 11 May 2020
Top funds managed
Fund House
Quant Money Managers Limited
Total Schemes
Total AUM
₹76.38K Cr
as on 31-Jul-2024
Address
6th Floor, Sea Breeze Building,Appasaheb Marathe Marg, Prabhadevi
Phone
022-62955000
Website
help.investor@quant.in
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.65% which is lower than the category average expense ratio of 1.27%.
Over the last 1 year, this fund has increased expense ratio by 14.0% moving from 0.57 to 0.65.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 27.27% return, outperforming this fund by 1.66% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 62.76% return, outperforming this fund by 16.47%.
Over the last 6 months, this fund has experienced a 52.9% growth in AUM moving from 7.23K Cr to 11.06K Cr.
In the last 5 years, this fund has outperformed all funds in its category.
Quant ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 23.43% since inception which is more than its category average return of 16.78%
Fund Allocations
This fund has an allocation of 88.05% in Equity, 0% in Debt and 11.95% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 4101 Cr
Expense Ratio 0.65%
This fund has an expense ratio of 0.65% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of Quant ELSS Tax Saver Fund Direct Growth is ₹443.7 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
Quant ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.93% | 1.93% |
6 Month Returns | 11.45% | 11.45% |
1 Year Returns | 46.29% | 46.29% |
3 Years Returns | 98.19% | 25.61% |
5 Years Returns | 403.23% | 38.15% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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0.65% as on August 2024
₹11065 Cr as on August 2024
Reliance Industries Ltd(9.61%), Samvardhana Motherson International Ltd(8.8%), Adani Power Ltd(8%), Jio Financial Services Ltd(7.54%), Life Insurance Corporation of India(6.5%) as on August 2024
Financial Services(18.2%), Consumer Defensive(12.97%), Utilities(11.63%) as on August 2024
The alpha ratio for the Quant ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Quant ELSS Tax Saver Fund Direct Growth | 6.25 | 6.51 | 12.91 |
As on August 2024
The alpha for Quant ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Quant ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Quant ELSS Tax Saver Fund Direct Growth | 1.06 | 1.07 | 0.98 |
As on August 2024
The Beta for Quant ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Quant ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Quant ELSS Tax Saver Fund Direct Growth | 2.62 | 1.29 | 1.43 |
As on August 2024
The sharpe ratio for Quant ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Quant ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Quant ELSS Tax Saver Fund Direct Growth | 14.1 | 15.57 | 20.91 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.43 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.2 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Ankit A. Pande is the fund manager of Quant ELSS Tax Saver Fund Direct Growth
The Exit load of Quant ELSS Tax Saver Fund Direct Growth is 0%