Publish Date:
Quant Mutual Fund has introduced a new scheme – Quant Large Cap Fund.
It is an open-ended equity scheme predominantly investing in large cap stocks.
Accordingly, the primary investment objective of the scheme is to seek to generate consistent returns by investing in equity and equity related instruments falling under the category of large cap companies. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations.
However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
Under normal circumstances, Quant Large Cap Fund will hold an allocation of 80% to 100% of its assets in Equities & Equity related instruments of large cap companies, and 0% to 20% of its assets in Equities & Equity related instruments of companies other than large cap, 0% to 20% in Debt & Money Market Instruments and 0% to 10% in Units issued by REITs and InvITs.
As per the Scheme Information Document, the investment strategy of Quant Large Cap Fund is to seek to generate long-term capital appreciation by creating a portfolio that shall predominantly invest in equity and equity related instruments falling under the category of large cap companies. Though the benchmark is NIFTY 100 TRI, the investments will not be limited to the companies constituting the benchmark.
The fund will combine top down and bottom up approach to construct the portfolio. The Scheme may also invest a part of its corpus in overseas markets, Global Depository Receipts (GDRs), ADRs, overseas equity, bonds and mutual funds and such other instruments as may be allowed under the Regulations from time to time.
Quant Large Cap Fund’s performance will be benchmarked against NIFTY 100 TRI.
The fund will be managed by Mr Sandeep Tandon, Mr Ankit Pande, Mr Sanjeev Sharma and Mr Vasav Sahgal.
The NFO opens for subscription on July 20, 2022 and closes on August 03, 2022. The scheme will reopen for continuous sale and repurchase Within five Business Days from the date of allotment.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000 and any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal option.