Quant Multi-Asset Fund Direct-Growth
|NAV||Fund size||Expense ratio|
NAV as of February 11, 2022
It is a multi-asset allocation mutual fund program of the Quant Mutual Fund company. It was launched on January 1, 2013. Quant Multi-Asset Fund Direct-Growth has Rs 201 Crores of AUM as of December 31, 2021. It is a small fund in its category. The fund has an expense ratio of 0.5%, while its category expense ratio is 0.77%.
Over the past year, the fund’s direct growth plan has generated 60.91%, nearly 3x its category average over the 1-year investment horizon. Moreover, it has generated average annual returns of 14.37% since its launch. The performance of the fund is exceptional in terms of yield. Every 2 years, it doubled the capital invested.
The fund’s ability to generate consistent returns outperforms most other products in its class. In a low market, it has a great ability to cut losses. The debt portion of the fund has a very low credit rating, which means the borrowers it has lent money to are low quality.
Fixed return – On investment of Rs 10,000
|Period invested||Absolute returns||Annualized returns||Category average|
|Since the creation||239.38%||14.37%||14.01%|
SIP returns – On investment of Rs 1,000
|Period invested||Absolute returns||Annualized returns|
To date, the fund has invested 73.97% of its assets in Indian stocks, with the following large cap stocks accounting for 21.79%, mid-tier stocks at 3.85% and small cap stocks accounting for 42 .92%. 6.11% of the fund’s assets are in debt, including 6.12% in government securities. The equity component of the fund is primarily invested in the areas of services, construction, financial services, fast moving consumer goods and communications. Compared to other funds in the category, it has less exposure to the services and construction sectors. Nippon India ETF Gold BeES, Just Dial Ltd., ITC Ltd., IRB Infrastructure Developers Ltd. and Himachal Futuristic Communications Ltd. are the fund’s top five holdings.