Quant Mutual Funds is launching a new open ended thematic equity scheme, across the manufacturing theme , Quant Manufacturing Fund, that seeks to invest across different asset classes.
The New Fund Offer (NFO) period for the Quant Manufacturing Fund is from 26th July 2023 to 8th August 2023. The scheme re-opens for continuous repurchase and sale within 5 business days from the date of allotment.
Investment Objective: The primary objective of the scheme is to generate long term appreciation by investing in equity and equity related instruments of companies that follow the manufacturing theme. 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.
Quant Manufacturing Fund NFO Details
Fund Name | Quant Manufacturing Fund |
NFO Opening Date | 26th July 2023 |
NFO Closing Date | 8th August 2023 |
Re-open Date | Within 5 business days from the date of allotment |
Type of Fund | Sectoral-Thematic Equity Fund |
Fund Managers | Mr. Sandeep Tandon | Mr. Ankit Pande | Mr. Sanjeev Sharma | Mr. Vasav Sahgal |
Minimum Investment Amount | INR 5000 plus in multiple of Re.1 thereafter |
Minimum Additional Purchase Amount | INR 1000 and in multiples of Rs. 1/- thereafter Repurchase: Rs. 1,000/- |
Exit Load | nil |
Suitability | Very High Risk |
Benchmark | Nifty India Manufacturing Index |
Plans and Options | Quant Manufacturing Fund – Growth Option – Direct & Regular Quant Manufacturing Fund – Income Distribution cum Withdrawal Option (Payout & Re-investment facility)– Direct & Regular |
NOTE:
- All additional investment amounts should be multiple of INR 1/-
- The minimum SIP/SWP/STP for monthly frequency is INR 1000/- and multiples of INR 1/-
Who Can Invest in Quant Manufacturing Fund NFO?
Quant Manufacturing Fund is a Sectoral Thematic equity fund that invests across different asset classes under equity. This product is suitable for investors who are seeking appreciation over the long term , and to generate consistent returns by investing in equity and equity related instruments of manufacturing-centric companies. Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Fund Managers
Mr Ankit Pande
Mr Ankit has over 12 years of experience in the Indian equities market and a background in software products. He contributed to the growth of Infosys’ Finacle and engaged with prominent banking clients in the Asia-Pacific region. Later, he transitioned into equity research, earning a master’s degree in business administration from The Chinese University of Hong Kong and obtaining the prestigious CFA charter in the United States. Mr Ankit has received the Thomson Reuters StarMine Award and is a distinguished lifetime member of the Beta Gamma Sigma academic honour society. He enjoys reading literature related to business cycle theory, macroeconomics, and geopolitics in his leisure time.
Mr Sanjeev Sharma
Money Manager, Mr Sanjeev, holds an M.Com, PG Diploma in Business Administration (Finance), and is a Certified Treasury Manager. He excels in analysing credit risk and evaluating investment opportunities across asset classes with a deep understanding of macroeconomic policies. Sanjeev has established strong relationships with key treasurers in the industry and enjoys reading, music, and traveling in his free time.
Mr Vasav Sahgal
Mr. Vasav, is a successful and passionate CFA program graduate who specialises in equity asset allocation and credit research. He enjoys using coding and advanced data analytics to improve valuation analytics, and he embodies Quant’s Adaptive Asset Allocation strategy. Outside of work, Vasav enjoys reading financial literature and playing the drums.
Asset Allocation
Types of Instruments | Minimum Allocation | Maximum Allocation | Risk Profile |
Equity and equity related instruments of companies having manufacturing theme | 80% | 100% | Very High |
Other Equity and equity related instruments of companies other than having manufacturing theme | 0% | 20% | Very High |
Debt & Money Market instruments*Derivatives (ETCDs) as permitted by SEBI from time to time. | 0% | 20% | Low to Medium |
Foreign securities including ADRs / GDRs / Foreign equity and debt securities and Overseas ETFs | 0% | 20% | Very High |
Units issued by REITs & InvITs | 0% | 10% | Very High |
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Frequently Asked Questions
You can invest in the Quant manufacturing fund through any of the following methods:
Offline: By filling out the Quant NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or Quant mutual fund office.
Online:
Quant Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent
Yes, it is a very high-risk investment based on the riskometer. Quant manufacturing fund that invests across different asset classes like equity (domestic and foreign), debt, money market, foreign securities including ADRs / GDRs / Foreign equity and debt securities and Overseas ETFs, Units issued by REITs & InvITs.
No, Quant manufacturing fund has no lock-in period.
The Quant manufacturing fund scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days from the date of allotment.
Reference
- https://quantmutual.com/Admin/Pdf/quant-Manufactring-Fund-Presentation.pdf
- https://quantmutual.com/Admin/SIDPdf/quant_Manufacturing_Fund_SID_Final.pdf
- https://quantmutual.com/Admin/SIDPdf/quant_Manufacturing_Fund_KIM_and_Application_Form.pdf
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