Publish Date:
Quant Mutual Fund launches – Quant Commodities Fund
It is an open-ended equity scheme investing in commodity and commodity related sectors
Accordingly, the investment objective of the scheme is to generate long-term capital appreciation by creating a portfolio that is invested predominantly in Equity and Equity related securities of companies engaged in commodity and commodity related sectors. There is no assurance that the investment objective of the Scheme will be realized.
[Read: Metals & Mining Mutual Funds: A Smart Way to Invest in the Commodity Boom]
Under normal circumstances, Quant Commodities Fund will hold an allocation of 80% to 100% in Equity and equity related instruments of companies engaged in commodity and commodity related sectors, 0% to 20% in Equity and equity related instruments other than companies engaged in commodity and commodity related sectors, 0% to 20% in Debt, Units of debt Mutual Fund schemes and money market instruments, 0% to 20% in Gold ETF, Silver ETF & any other asset class in commodities as permissible by SEBI from time to time, 0% to 20% in Exchange Traded Commodity Derivatives (ETCDs) & any other asset class in commodities as may be permitted by SEBI from time to time (subject to applicable SEBI limits), 0% to 20% in Foreign Equity and Equity related instruments and Overseas ETFs and 0% to 10% in Units issued by issued by REITs & InvITs.
As per the Scheme Information Document, Quant Commodities Fund e will invest in companies classified under Commodities, Energy, Diversified & Utilities as per Industry classification issued by AMFI from time to time.
The investment strategy for the 'Quant Commodities Fund' is aligned with the sectors represented in the Nifty Commodities Index. The fund managers aim to capture the performance of these sectors in a manner consistent with the benchmark. The investments in these sectors will closely mirror the index, ensuring that our fund's performance reflects the behaviour of these industries in line with market expectations.
Quant Commodities Fund’s performance will be benchmarked against Nifty Commodities TRI
The scheme will be managed by Mr Ankit Pande, Mr Sanjeev Sharma, Mr Vasav Sahgal and Mr Varun Pattani.
The NFO opens for subscription on December 08, 2023 and closes on December 22, 2023. The schemes will reopen for continuous sale and repurchase Within five business days of allotment date.
The minimum subscription amount is Rs 5,000/- and in multiples of Re.1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth option and Income Distribution cum capital withdrawal Option (IDCW).