- About the Quant Momentum Fund
- Basic Details
- Classification Portfolio of the fund
- Fund Managers & Tenure of managing the Scheme
- Fund – Investment Details
- Returns Generated
- Risk Factors
- Investment Philosophy
- Taxability of Earnings
(A) About the Quant Momentum Fund
The Quant Momentum Fund is an open-ended equity scheme. This fund falls into the equity category, and more specifically, it’s classified as a Thematic Fund. Thematic funds are equity mutual funds that invest in stocks based on a particular theme, such as infrastructure, international stocks, rural India, or commodity stocks. Thematic funds are also known as sectoral funds.
(B) Basic Details of Quant Momentum Fund
| Fund House | Quant Mutual Fund |
| Category | Equity: Thematic |
| Launch & Start Date | 21-November-2023 |
| Type | Open-ended |
| AUM | ₹2,351 Cr (As on 31 Aug 2024) |
| Available at NAV of | ₹15.87 (As on 09 Sep 2024) |
(C) Classification Portfolio of the fund
(i) Portfolio Mix by Market Cap Size
(ii) Top 10 Holdings of the fund
(iii) Top 10 Sectors Exposures
(D) Fund Managers & Tenure of managing the Scheme
(E) Fund – Investment Details
| Quant Momentum Fund | |
|---|---|
| Application Amount for fresh Subscription (Lumpsum) | ₹5,000 |
| Min Additional Investment (SIP) | ₹1,000 |
| Exit load | 1%* |
| Lock In | No |
| Expense Ratio | 0.74% (As on 31 July 2024) |
(F) Returns Generated By The Fund
(G) Risk Factors
(i) Valuation Measures
(ii) Top Drawdowns
This chart shows the ups and downs of a fund’s value from 2023 to now. When the fund’s value drops from its peak, it’s called a drawdown. The shaded area shows how long the fund stayed in a drawdown.
This chart helps investors understand how the fund has reacted to big events in the economy.
(H) Investment Philosophy
- The scheme seeks to achieve long-term capital appreciation for its investors.
- This objective will be pursued by strategically investing in a diversified portfolio of equity and equity-related instruments.
- The selection of these instruments will be based on a quantitative model meticulously designed to identify potential investment opportunities that exhibit the potential for significant capital appreciation over the specified investment horizon.
(I) Taxability on earnings
Taxation
Capital Gains Taxation
- If the mutual fund units are sold after 1 year from the date of investment, gains up to Rs 1.25 lakh in a financial year are exempt from tax. Gains over Rs 1.25 lakh are taxed at the rate of 12.5%.
- If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 20%.
- No tax is to be paid as long as you continue to hold the units.
Dividend Taxation
- Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor’s dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.
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References: valueresearchonline.com, Industry’s Publications, News Publications, Mutual Fund Company.
Disclaimer: The report only represents personal opinions and views of the author. No part of the report should be considered as recommendation for buying/selling any stock. Thus, the report & references mentioned are only for the information of the readers about the industry stated.
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