CASPeR Ranking #56
Quant Absolute Fund Growth Option Direct Plan
NAV (Mon Sep 09 2024)
₹473
Returns (Since Inception)
19.73%
Category Average
15.24%
Rating
5
Allocation and Holdings
Asset class
Weightage
Energy
9.51%
Consumer Defensive
13.55%
Financial Services
13.97%
Utilities
10.91%
Healthcare
5.26%
Unknown
9.21%
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Overall rating
Scheme Information
Fund name
Quant Absolute Fund Growth Option Direct Plan
Minimum SIP
1000
Risk Level
Very High Risk
AUM
₹2300.31 Cr
ISIN
INF966L01556
Inception Date
Jan 01 2013
Standard Deviation
11.884
Beta
-
Sharpe Ratio
1.159
Benchmark
CRISIL Hybrid Aggressive TR INR
Expense Ratio
0.700%
Exit Load
For redemption / Switch out (including SIP/STP) within 15 days From the date of allotment of units irrespective of the amount of investment : 1%
Risk
Very High Risk
Investment Objective
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.
Fund Managers
Sanjeev Sharma
Vasav Sahgal
Ankit A. Pande
About the AMC
Quant Money Managers Limited
Phone Number
022-62955000Email Address
help.investor@quant.inCorporate Office Address
6th Floor, Sea Breeze Building,Appasaheb Marathe Marg, PrabhadeviOverall AUM
₹2300.31 Cr
Website
www.quantmutual.comPopular Hybrid Funds
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Expert designed mutual fund portfolios
Mutual Funds are a smart way to grow your money. They can help you achieve your financial goals as they have the potential to generate higher-than-inflation returns.
frequently asked questions
view all FAQsWhat is the current NAV of Quant Absolute Fund Growth Option Direct Plan?
The NAV of Quant Absolute Fund Growth Option Direct Plan is ₹473 as of Mon Sep 09 2024.
Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.
Who is the fund manager of Quant Absolute Fund Growth Option Direct Plan?
Sanjeev Sharma is the current fund manager of Quant Absolute Fund Growth Option Direct Plan as on Mon Sep 09 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.
What is the expense ratio of Quant Absolute Fund Growth Option Direct Plan?
The Expense Ratio of Quant Absolute Fund Growth Option Direct Plan is 70.00% as of Mon Sep 09 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 70.00% of those returns will be retained by the AMC.
The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).
Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.
What is the minimum SIP amount of Quant Absolute Fund Growth Option Direct Plan?
The minimum Systematic Investment Plan (SIP) amount required for Quant Absolute Fund Growth Option Direct Plan is ₹1,000. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.
What is the minimum lump sum amount required to invest in Quant Absolute Fund Growth Option Direct Plan?
To initiate a lump sum investment in Quant Absolute Fund Growth Option Direct Plan, a minimum initial amount of ₹5,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.
What is risk category of the Quant Absolute Fund Growth Option Direct Plan?
In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Quant Absolute Fund Growth Option Direct Plan is classified as Very High Risk.
What is the category of Quant Absolute Fund Growth Option Direct Plan?
The category of the Quant Absolute Fund Growth Option Direct Plan is Allocation.