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Unrated

Quant Money Market Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.03 0.02 0.14 0.51 1.61 3.39 7.54 7.31 7.76 8.58 --
CCIL T Bill Liquidity Weight 0.58 0.02 0.03 0.28 0.79 1.74 4.08 4.14 4.44 4.77 --
Debt: Money Market 0.95 0.00 0.10 0.46 1.38 3.25 7.61 7.27 7.67 8.14 --
Rank within category 2 1 1 2 1 2 13 -- -- -- --
Number of funds in category 19 19 19 19 19 19 17 13 13 13 0

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.94 (23-Apr-2014 - 30-Apr-2014) -0.35 (03-Sep-2014 - 10-Sep-2014)
Month 3.04 (22-Apr-2014 - 22-May-2014) 0.19 (21-Mar-2014 - 21-Apr-2014)
Quarter 4.76 (21-Feb-2014 - 23-May-2014) 1.51 (13-Nov-2017 - 12-Feb-2018)
Year 12.44 (28-Aug-2013 - 28-Aug-2014) 6.59 (07-Jun-2017 - 07-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.09 0.27 5.26 8.43 0.63 2.44
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Money Market 7.05 0.70 3.24 7.87 0.99 2.98
Rank within category 10 2 2 8 4 12
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 7 15 3 41
Modified Duration (yrs) 0.01 0.37 0.01 --
Average Maturity (yrs) 0.02 0.40 0.01 --
Yield to Maturity (%) 5.67 8.10 5.67 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new KEC International 73-D 27/03/2020 Commercial Paper A1+ 0.00 - 9.48 9.48
new Piramal Enterprises 80-D 26/03/2020 Commercial Paper A1+ 0.00 - 9.45 9.45
new Piramal Capital & Housing Finance 78-D 26/03/2020 Commercial Paper A1+ 0.00 - 9.45 9.45
new SIDBI 2020 Certificate of Deposit A1+ 0.00 - 7.12 7.12
new APL Apollo Tubes 70-D 27/03/2020 Commercial Paper A1+ 0.00 - 7.12 7.12
new National Bank Agr. Rur. Devp 23/04/2020 Certificate of Deposit A1+ 0.00 - 7.10 7.10
new Time Technoplast 91-D 29/04/2020 Commercial Paper A1+ 0.00 - 7.03 7.03

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

*As on 31-Dec-2019

Fund Manager

— Sanjeev Sharma since 03-Oct-2019

Education: Mr. Sharma is a Commerce Graduate and PGDBA (Finance) from Symbiosis, Pune.

Funds Managed:


0.02%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 31.2652

Dividend: ₹ 16.7198


Investment Strategy

The scheme seeks to generate income through a portfolio comprising money market and debt instruments with residual maturity upto one year.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Quant Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.60%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 21 Cr (As on 31-Jan-2020)
Expense: 0.11% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Feb-20180.0722

 25-Jan-20180.0722
 27-Dec-20170.0722
 05-Dec-20170.0722
 01-Nov-20170.0722
 29-Sep-20170.0722
 29-Aug-20170.0722
 01-Aug-20170.0722
 28-Jun-20170.0722
 29-May-20170.0722
 30-Mar-20170.0758
 01-Mar-20170.0794
 30-Jan-20170.0794
 30-Dec-20160.0794
 05-Dec-20160.0794
 01-Nov-20160.0794
 27-Sep-20160.0794
 30-Aug-20160.0794
 22-Jul-20160.0794
 21-Jun-20160.0794
 27-May-20160.0794
 05-May-20160.0794
 28-Mar-20160.0794
 29-Feb-20160.0794
 02-Feb-20160.0794

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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