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NFO alert: Quant Mutual Fund launches Quant PSU Fund; details inside

18 September 20245 mins read by Angel One
In the following article we shed light on NFO, the fund’s objective, fund allocation, fund managers and peer performance.
NFO alert: Quant Mutual Fund launches Quant PSU Fund; details inside
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Quant Mutual Fund’s quant PSU Fund is an open-ended equity scheme focused on the thematic investment in Public Sector Undertakings (PSUs). Launched on February 2nd, 2024, it aims for long-term capital appreciation by primarily investing in equity and equity-related securities of PSUs. This new fund offers closes on February 15th, 2024, and requires a minimum investment of Rs 5,000 with no entry load but an exit load of 1% for redemptions within 15 days of unit allotment. Remember, there’s no guarantee the scheme’s objective will be achieved.

Investment Objective

The objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of Public Sector Undertakings (PSUs). There is no assurance that the investment objective of the Scheme will be realized.

Funds Allocation

Asset Class Allocation Normal Allocation (% of net assets) Risk Profile
Equity and equity related instruments of PSUs 80 – 100 Very High
Equity and equity related instruments other than PSUs 0 – 20 Very High
Debt and money market instruments 0 – 20 Low to Medium
Foreign Equity and Equity related instruments and Overseas ETFs 0 – 20 Very High
Units issued by REITs & InvITs 0 – 20 Very High

The scheme retains the flexibility to invest across all the securities in the debt and money markets and does not intend to invest in securities with Structured Obligations or Credit Enhancements.

Fund Managers – (Tenure Performance: 115.02%)

Sandeep Tandon, 52 years Fund Manager – Equity, MBA, Tenure Performance: 115.02%

Ankit Pande, 37 years Fund Manager (Equity), CFA, MBA,

Sanjeev Sharma, 44 years Fund Manager (Debt) PGDBA(Fin.), M.com and CerTM (Treasury & Forex Risk)

Vasav Sahgal, 28 years Fund Manager (Equity), B.com & CFA

Benchmark – S&P BSE PSU Index TRI

Peers Annual Returns

Scheme Name Launch Date AUM (Crore) Expense Ratio (%) Returns as on – 05-02-2024 in %
2024 2023 2022 2021 2020
Invesco India PSU Equity Gr 18-11-2009 697.2938 2.37 12.85 54.48 20.54 31.05 6.07
ICICI Pru PSU Equity Fund Gr 09-09-2022 1873.85713 2.05 15.88 52.72
ABSL PSU Equity Reg Gr 30-12-2019 1936.9651 2.05 16.67 59.28 28.55 37.1
SBI PSU Fund Reg Gr 07-07-2010 1158.8712 2.23 17.18 54.03 29.01 32.41 -9.98
Equity: Thematic-PSU 15.65 55.13 26.03 33.52 -1.96
Nifty PSU Bank TRI 15.2 33.28 74.67 44.82 -30.57
Category Returns Equity: Thematic-PSU
1-Week Ret (%) 6.21
1-Month Ret (%) 13.11
3-Months Ret (%) 44.58
6-Months Ret (%) 56.66
YTD Ret (%) 15.65
1-Year Ret (%) 88.34
3-Yrs Ret (%) 41.52
5-Yrs Ret (%) 26.52
10-Yrs Ret (%) 18.12

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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