Publish Date:
quant Mutual Fund introduces – quant Healthcare Fund
It is an open-ended equity scheme investing in Healthcare sector.
Accordingly, the investment objective of the scheme is to seek long term capital appreciation by investing in equity/equity related instruments of companies from the healthcare sector. 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 Healthcare Fund will hold an allocation of 80% to 100% of its assets in Equity and Equity related instruments in Healthcare space, 0% to 20% in Equity and equity related instruments other than Healthcare space, 0% to 20% in Foreign securities including ADRs / GDRs / Foreign equity and debt securities and Overseas ETFs, 0% to 20% in Debt & Money Market instruments and 0% to 5% in Units issued by REITs & InvITs.
As per the Scheme Information Document, quant Healthcare Fund seeks to invest in equity /equity related instruments of companies in the Healthcare Sector. The stocks under the scheme will be selected after rigorous fundamental research which includes parameters like management competitiveness, business competitiveness, corporate governance, growth prospects, past track record etc. Coupled with fund house’s signature VLRT Framework, that is an established risk mitigation tool, the data will be translated to put forth different scenarios that will highlight relevant stocks for portfolio construction.
The fund manager may, from time to time, review and modify the Scheme ‘s investment strategy if such changes are considered to be in the best interests of the unitholders and if market conditions warrant it. No assurance can be given that the fund manager will be able to identify or execute such strategies.
quant Healthcare Fund’s performance will be benchmarked against S&P BSE Healthcare 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 June 27, 2023 and closes on July 11, 2023. The schemes will reopen for continuous sale and repurchase within 5 business days from the date of allotment.
The fund's face value is Rs 10/- per unit. The units will be issued at premium equivalent to the difference between allotment price and the face value of Rs 10/-. 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 and Income Distribution cum capital withdrawal option (IDCW) option.