Quant ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 02-12-2024
₹ 411.53
▲0.3%
1D
Inception Returns
22.1%
/yr
About Quant ELSS Tax Saver Fund Direct Growth
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 ₹10980 Cr worth of assets under management (AUM) as on Oct 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 22.13% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.63%, 20.09% and 33.04% respectively.
Holdings
Quant ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Utilities, Consumer Defensive, Energy, Health, Consumer Cyclical, Basic Materials, Industrial. Its top holdings are Reliance Industries Ltd, Samvardhana Motherson International Ltd, Jio Financial Services Ltd, Adani Power Ltd, Grasim Industries Ltd
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
▲
▼
95065 people have invested ₹ 38.3Cr in Quant ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Quant ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
3
/23
81% Performance
39% Risk Management
76% Cost
3 out of 23 among elss (tax savings)
Generated Consistent Returns
Consistently beats benchmark
Lower probablity of downside risk
Highly volatile within category
Poor track record of Recovering losses quickly
Quant ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.65% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹10980 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 (02-Dec-24)
Fund Distribution
as on (31-Oct-24)
Large cap
82.5%
Mid cap
5.4%
Small cap
5%
Sector Allocation
Financial Services
19.8%
Utilities
16.5%
Consumer Defensive
15.4%
Energy
13.4%
Health
10%
Consumer Cyclical
9.8%
Basic Materials
7.8%
Industrial
7.3%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -7.04% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund underperformed Nifty 500 by 0.53% in Oct'24
- AUM of the fund stands at 11.6K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
NTPC Ltd's allocation increased from 1.73% to 3.26%
Nestle India Ltd's allocation increased from 1.15% to 2.44%
Divi's Laboratories Ltd's allocation increased from 3.64% to 3.92%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 9.59 % to 9.51 %
Samvardhana Motherson International Ltd's allocation decreased from 9.17 % to 8.26 %
Jio Financial Services Ltd's allocation decreased from 7.9 % to 7.65 %
Mid Cap allocation has gone up from 5.3% to 5.4%
Large Cap allocation has gone up from 80.8% to 82.5%
Small Cap allocation has gone down from 5.5% to 5%
Cash allocation has gone down from 8.3% to 7%
Top 3 Sectors in October were Financial Services, Consumer Defensive & Utilities
Oct'24
Financial Services
20%
Utilities
17%
Consumer Defensive
15%
Sep'24
Financial Services
20%
Consumer Defensive
17%
Utilities
16%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Life Insurance Corporation of India | 6.5% |
 Divis Laboratories Ltd | 6% |
 Larsen & Toubro Ltd | 3.6% |
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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
₹1.01L Cr
as on 31-Oct-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 1.29%.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 55.22% return, outperforming this fund by 28.59%.
In the last 5 years, this fund has outperformed all funds in its category.
Over the last 6 months, this fund has decreased expense ratio by 15.6% moving from 0.77 to 0.65.
Over the last 1 month, this fund has experienced a 5.0% drop in AUM moving from 11.56K Cr to 10.97K Cr.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 28.2% return, outperforming this fund by 8.11% per annum.
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 22.13% since inception which is more than its category average return of 15.96%
Fund Allocations
This fund has an allocation of 93.04% in Equity, 0% in Debt and 6.96% in Cash related instruments
AUM size ₹10980 Cr
This fund has AUM of ₹10980 Cr which is more than its category average of ₹ 3983 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 for Quant ELSS Tax Saver Fund Direct Growth
The current NAV of Quant ELSS Tax Saver Fund Direct Growth is ₹411.53 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
Quant ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.17% | -3.17% |
6 Month Returns | -2.81% | -2.81% |
1 Year Returns | 26.63% | 26.63% |
3 Years Returns | 73.18% | 20.09% |
5 Years Returns | 316.86% | 33.04% |
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).
- Select your bank account and proceed with Payment.
0.65% as on November 2024
₹10980 Cr as on November 2024
Reliance Industries Ltd(9.51%), Samvardhana Motherson International Ltd(8.26%), Jio Financial Services Ltd(7.65%), Adani Power Ltd(7.6%), Grasim Industries Ltd(5.83%) as on November 2024
Financial Services(18.4%), Utilities(15.35%), Consumer Defensive(14.33%) as on November 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 | -1.44 | 2.79 | 11.45 |
As on November 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 | 1.08 | 1.12 | 0.99 |
As on November 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 | 1.14 | 0.88 | 1.21 |
As on November 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 | 16.14 | 16.6 | 21.37 |
As on November 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 1.52 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.58 as on November 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%