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Unrated

Quant Absolute Fund


1 Lakh

Investment Grown to
₹ 1.25 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.88 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

Aggressive hybrid funds invest 65-80% of your money in equity shares and the rest in bonds and commodities. Their returns are slightly lower than pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to its sharp ups and downs.

Like all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • 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 15%.
  • 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 10% (effectively 11.648%, 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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(₹)
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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 -0.42 -0.83 -2.63 -3.58 -2.37 6.33 10.59 7.65 6.46 13.68 9.65
VR Balanced TRI -3.04 -0.82 -2.14 -3.65 -2.07 5.43 9.10 10.10 7.42 11.18 9.82
Hybrid: Aggressive Hybrid 0.03 -0.67 -2.17 -1.93 0.74 7.96 9.97 6.77 6.86 12.26 10.56
Rank within category 28 38 37 38 38 29 15 11 14 9 15
Number of funds in category 43 43 43 43 42 42 38 31 24 23 21

As on 26-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 21.30 (13-May-2009 - 20-May-2009) -20.72 (15-Jan-2008 - 22-Jan-2008)
Month 36.71 (06-May-2009 - 05-Jun-2009) -23.30 (14-Jan-2008 - 13-Feb-2008)
Quarter 48.37 (30-Mar-2009 - 29-Jun-2009) -31.36 (07-Jan-2008 - 07-Apr-2008)
Year 84.06 (14-Jan-2003 - 14-Jan-2004) -50.89 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.62 10.09 0.29 0.59 0.79 -2.01
VR Balanced TRI 11.92 10.21 0.61 0.95 -- --
Hybrid: Aggressive Hybrid 8.38 9.75 0.28 0.44 0.83 -2.46
Rank within category 17 25 18 13 12 14
Number of funds in category 33 33 33 33 33 33

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

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 23
Top 10 Holdings (%) 69.24
Top 5 Holdings (%) 51.61
Top 3 Sectors (%) 55.97
Portfolio P/B Ratio 2.77
Portfolio P/E Ratio 23.98

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.23% GOI 2027 Central Government Loan SOV 17.90 - 26.03 25.97

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

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Nippon Life India Asset Management Financial 46.47 8.86 0.00 7.88
up ICICI Bank Financial 35.73 10.09 0.00 7.09
equal ICICI Prudential Life Insurance Co. Ltd. Financial 59.39 9.72 0.00 6.49
up Grasim Industries Construction 11.38 10.05 0.00 4.18
equal Bandhan Bank Financial 20.78 5.27 0.00 4.13
up CreditAccess Grameen Financial 35.37 3.73 0.00 3.73
equal General Insurance Corporation of India Financial -- 8.26 0.00 3.41
new Sun Pharmaceutical Inds. Healthcare 22.46 5.78 0.00 3.19
equal Larsen & Toubro Construction 17.41 6.64 0.00 3.16
up Bharti Airtel Communication -- 2.99 0.00 2.95
new Alembic Pharmaceuticals Healthcare 16.76 2.94 0.00 2.94
new IIFL Finance Financial 7.73 2.88 0.00 2.88
new Glaxosmithkline Pharma Healthcare 290.76 2.86 0.00 2.86
equal Mahindra & Mahindra Automobile 29.05 2.87 0.00 2.81
new Reliance Industries Energy 20.34 7.27 0.00 2.63
new Adani Ports and Special Economic Zone Services 15.46 5.16 0.00 2.39
equal Biocon Healthcare 42.75 4.91 0.00 1.93
new Hero Motocorp Automobile 11.24 1.77 0.00 1.47
equal Petronet LNG Energy 14.03 1.32 0.00 1.31
equal Hindalco Inds. Metals 8.92 5.93 0.00 1.25
equal Indusind Bank Financial 17.48 3.25 0.00 1.23
equal Raymond Textiles 11.10 1.07 0.00 0.95
new The Ramco Cements Construction 29.75 4.37 0.00 0.86

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

Fund Manager

— Rochan Pattnayak since 03-Oct-2019

Education: Mr. Pattnayak has done MBA

Experience: Prior to joining Quant Mutual Fund, he has more than 10 years of professional experience in the area of equity derivatives market making, structured products and fundamental portfolio management both in India and UK.

Funds Managed:

— Sanjeev Sharma since 03-Oct-2019

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

Funds Managed:


-0.83%

Change from previous, NAV as on 26-Feb-2020

Growth: ₹ 139.1516

Dividend: ₹ 19.1888


Investment Strategy

The scheme seeks to provide long term capital appreciation and current income with a mix of fixed income securities and equity instruments.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Quant Mutual Fund
Launch Date: 21-Mar-2001
Return Since Launch: 14.91%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 2 Cr (As on 31-Jan-2020)
Expense: 2.48% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --
Turnover: 10.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Feb-20181.0834

 01-Mar-20171.5000
 02-Feb-20161.0000
 03-Feb-20151.5000
 01-Aug-20110.2000
 04-May-20102.0000
 26-Mar-20083.0000
 23-Mar-20072.0000
 27-Mar-20064.0000
 22-Mar-20057.0000
 17-Dec-20034.5000
 21-Mar-20021.0000

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

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM