Quant BFSI Fund
NAV Growth: Rs 10.3261
NAV IDCW: Rs 10.3262
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate consistent returns by investing in equity and equity related instruments of banking and financial services.
Fund Manager:
1) Ankit A Pande
Education: Mr. Pande has done CFA and MBA
Experience: Prior to joining Quant Mutual Fund he has worked with Infosys Finacle. Began his career in equity research in 2011.
2) Sandeep Tandon
Education: Mr. Tandon has done MBA (Finance)
Experience: Prior to joining Quant Mutual Fund, he has worked with ICICI Securities as Vice President, The Economic Times and IDBI AMC.
3) Vasav Sahgal
Education: B.Com. and CFA
Experience: Prior to joining Quant Mutual Fund, he has worked with Eqestar capital as Equity Research Analyst.
4) Sanjeev Sharma
Education: Mr. Sharma is a Commerce Graduate and PGDBA (Finance) from Symbiosis, Pune.
Experience: He has total work experience of 17 years including 13 years of experience in the financial market. He specializes in identifying crucial inflexion points in securities.
Investment Details
Min. Investment (Rs) | 5,000 |
Min. Addl Investment (Rs) | 1,000 |
Min. SIP Investment (Rs) | 1,000 |
Min. Withdrawal (Rs) | 1,000 |
Min. No of Cheques | — |
Min. Balance (Rs) | — |
Lock-in Period | NA |
Exit Load | 0 |
Basic Details
Fund House | Quant Mutual Fund |
Launch Date | 20-Jun-23 |
Return Since Launch | 3.26% |
Benchmark | NIFTY Financial Services TRI |
Riskometer | Very High |
Type | Open-ended |
Assets | Rs — Cr |
(As on ) | |
Expense | –% |
(As on ) | |
Risk Grade | — |
Return Grade | — |
Turnover | — |
Quant BFSI Fund Trailing Returns (%)
Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
Quant BFSI Dir | — | 1.65 | — | — | — | — | — | — | — | — |
S&P BSE Bankex TRI | — | 0.84 | — | — | — | — | — | — | — | — |
Equity: Sectoral-Banking | — | 0.92 | — | — | — | — | — | — | — | — |
Rank within category | — | 1 | — | — | — | — | — | — | — | — |
Number of funds in category | 19 | 21 | 20 | 20 | 19 | 18 | 13 | 12 | 11 | 7 |
Quant BFSI Fund Peer Comparison
Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
Nippon Ind Banking & Fin Srvices Dir | 4 star | 39.80 | 34.51 | 12.13 | 1.19 | 4,200 | 13.85 | 1.00 (30) | 10yrs 6mo | 38.00 |
SBI Banking & Fin Srvices Dir | 4 star | 28.86 | 24.90 | 13.51 | 0.78 | 4,129 | 14.32 | 0.50 (30) | 8yrs 4mo | 90.00 |
Tata Banking & Fin Srvcs Dir | 4 star | 42.57 | 26.24 | 13.88 | 0.58 | 1,427 | 18.21 | 0.25 (30) | 7yrs 6mo | 10.93 |
Sundaram Fin Srvices Opp Dir | 5 star | 41.56 | 29.70 | 14.86 | 0.96 | 707 | 13.38 | 1.00 (365) | 10yrs 6mo | 48.00 |
ICICI Pru Banking & Fin Srvces Dir | 3 star | 32.13 | 28.89 | 12.26 | 1.03 | 6,653 | 15.75 | 1.00 (15) | 10yrs 6mo | 42.00 |
Chanakya’s Mutual Fund Guidance For Quant BFSI Fund
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://quantmutual.com/mutual-funds-india/funds
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