Publish Date:
quant Mutual Fund has launched – quant Business Cycles Fund
It is an open-ended equity scheme following business cycles based investing theme.
Accordingly, the investment objective is to generate long-term capital appreciation by investing with focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Under normal circumstances, quant Business Cycles Fund will hold an allocation of 80% to 100% of its assets in Equity & Equity related instruments selected on the basis of business cycle, 0% to 20% in Other Equity & Equity Related Instruments including equity ETFs, 0% to 20% in Debt and Money Market Instruments including debt ETFs & Gold & Silver ETFs, 0% to 20% in Foreign securities including ADRs / GDRs / Foreign equity and debt securities and 0% to 10% in Units issued by REITs & InvITs.
As per the Scheme Information Document, quant Business Cycles Fund will invest predominantly in equity and equity related securities with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
The scheme would follow the top down approach of portfolio construction to identify the stage of business cycle, through domestic and global risk appetite and liquidity analytics, to arrive at a risk on/risk off assessment for sectors and stocks. The portfolio will be constructed on the basis of various broad factors such as prevailing market conditions, domestic and global economic scenarios, business and consumer sentiment, risk indicators, and a host of proprietary indicators. The scheme proposes to invest in a diversified portfolio of high quality debt and money market instruments to generate regular income. The fund manager may, from time to time, review and modify the scheme ‘s investment strategy if any changes are considered to be in the best interests of the unitholders and if market conditions warrant it.
quant Business Cycles Fund’s performance will be benchmarked against Nifty 500 TRI
The scheme will be managed by Mr Sandeep Tandon, Mr Ankit Pande, Mr Sanjeev Sharma and Mr Vasav Sahgal.
The NFO opens for subscription on May 12, 2023 and closes on May 25, 2023. The schemes 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 in multiples of any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.