Nippon India Quant Fund - Growth
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|Fund Type||Equity - Other|
|Exit Load||0.25% for 31 Days|
More about this fund
|Reliance Industries Ltd Shs Dematerialised||5.6%|
|ICICI Bank Ltd||5.47%|
|HDFC Bank Ltd||5.45%|
|HCL Technologies Ltd Shs Dematerialised||5.11%|
|Bharti Airtel Ltd||5.06%|
|State Bank of India||4.56%|
|Kotak Mahindra Bank Ltd||4.1%|
|Mahindra & Mahindra Ltd||3.86%|
|Nestle India Ltd Shs Dematerialised||3.59%|
About Reliance Quant Fund
The Reliance Quant Fund is an open-ended equity scheme. It seeks to generate capital appreciation over the long term by investing in an active portfolio of equity and equity-related instruments which are selected on the basis of a mathematical (quant) model. The scheme was earlier known as Reliance Quant Plus Fund and was renamed as Reliance Quant Fund with effect from April 28, 2018.
Pros & Cons of Reliance Quant Fund
- The scheme invests in around 30-35 stocks from the stocks forming the S&P BSE 200 Index which are selected using a Quant model. It uses quantitative methods to choose the stocks and decide the portfolio weightage to ensure better returns.
- As on September 30, 2018, the scheme is not ranked under CRISIL’s Sectoral/ Thematic Fund category.
- Further, it has generated returns of 14.09% per year over the 10 last years (as on January 16, 2019). However, the returns over the last year have been negative (-4.66%).
Fund Information and Statistics of Reliance Quant Fund
Inception / Launch Date
The scheme was launched on 18 April 2008 by Reliance Mutual Fund.
According to the investment objective and asset allocation of the scheme, it has a High risk-level associated with it.
An investor can redeem a minimum amount of Rs. 100 or any number of units. Reliance Any Time Money Card holders have no minimum limits. Further, the redemption proceeds are dispatched within 3-10 business days of the receipt of a valid redemption request.
Mr. Ashutosh Bhargava and Mr. Arun Sundaresan are the Fund Managers of the Reliance Quant Fund.
Entry / Exit Load
There is no entry load in this scheme.
The exit load structure is as follows:-
- If the units are redeemed after the completion of 1 month from the date of allotment of the said units, then the exit load = Nil
- If the units are redeemed within 1 month from the date of allotment of the said units, then the exit load = 0.25% of the applicable NAV
Tax benefits of investing in Reliance Quant Fund
The following taxes are applicable to income arising from investing in this scheme:
- STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
- LTCG (units are held for a period of more than 12 months), in excess of Rs 1 Lakh, is taxed at 10 percent without indexation benefits on the redemption of units.
About Reliance Mutual Fund
Reliance Capital Mutual Fund was launched in 1995 and was renamed to Reliance Mutual Fund in 2004. Currently, it is one of India’s largest mutual funds in terms of its average assets under management (AAuM) – October-December 2018 Quarter AAuM: Rs. 236,255.54 crores.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns