Quant Large Cap Fund Direct Growth

Quant Large Cap Fund Direct Growth

Quant Mutual Fund is a Mumbai-based Asset Management Company. They introduced a Quant Large Cap Fund Direct Growth in July 2022.

This fund is compared with the benchmark Nifty 100 Index TRI and Nifty 50 Index TRI and holds an AUM of Rs. 535.10 crores.

Investing in this fund requires a minimum lump sum of Rs. 5,000 and a minimum monthly SIP of Rs. 1000.

ICICI Prudential Bluechip Fund comprises 4 plans,

  • Direct Growth Plan (We speak about this plan in this article)
  • Regular Growth
  • Direct – IDCW (Dividend Plan)
  • Regular – IDCW (Dividend Plan)

As a reader, you will find all the details about this fund that you need to know before investing.

Quant Large Cap Fund Direct Growth NAV:

The current NAV of Quant Large Cap Fund Direct Growth is 14.90 (as of March 7, 2024).

The NAV of other plans of the same fund are,

  • Regular Growth – 14.51
  • IDCW – Regular Plan – 14.50
  • IDCW – Direct Plan – 14.90

During the NFO period, all plans under the Quant large cap fund had a NAV of Rs. 10.

The Direct Growth Plan has provided better returns and performance than the fund’s other plans.

Choosing a Direct Fund is one of the best options if you can manage the risk appetite of the fund.

Regular plans are best if you need a professional to manage your fund.

Quant Large Cap Fund Direct Growth Performance:

Quant Large Cap Fund is an open-ended scheme that invests in large-cap companies (Top 100 companies in the Indian share market per share of market capital).

This fund aimed to outperform the benchmark (Nifty 100 TRI) with comparatively low risk.

The fund has performed at a CAGR of 26.69% per annum since inception vs 18.46% to Nifty 100 TRI (benchmark). The category average has performed at a CAGR of 16.11%.

Image from Moneycontrol.com

Quant Large Cap Fund has outperformed its category average in 1 year of performance in all the available plan structures.

The performance of Nifty 100 TRI has over-performed the fund when analyzed since its inception

Even the fund has grown 72.79% higher than the Nifty 50 index since its inception (July 2022).

Here is a quick snapshot of the fund’s performance compared with the benchmark and category average.

This fund is recommended for long-term outperformance if you want to outperform the category average or benchmark over the medium or long term.

The 1 year performance of the fund is 28.73% higher than the benchmark and 19.57% higher than the category average.

Since inception, the fund has performed 0.45% higher than the benchmark and 12.58% higher than the category average.

Once again, the performance calibration proves that this fund should be invested if your goal is mid-term to outperform the category average or benchmark.

Fundamental Analysis Ratios:

P/B – 2.87

P/E – 20.70

Quant Large Cap Fund Portfolio:

The portfolio of this scheme includes equity (96.01%), debt (3.89%), and others (0.1%).

Equity Holdings (96.01% of the total portfolio):

This fund holds 21 stocks, which are divided as follows

  • Large Cap Investments – 37.62%
  • Mid Cap Investments – 15.37%
  • Small Cap Investments – 3.37%
  • Others – 39.65%

Debt Holdings (3.89% of the total portfolio):

  • Treasury Bills – 3.89%

Others (0.1% of the total portfolio)

  • TREPS – 16.30%
  • Net Receivables – -16.20%

Fund Portfolio across Industries:

  • Financial – 11.1%
  • Energy – 33.9%
  • Healthcare – 15.3%
  • Consumer Staples – 9.7%
  • Metals & Mining – 10.2%
  • Insurance – 9.8%
  • Others – 10.1%

Top 20 Holdings:

  1. Reliance Industries Ltd – 9.63%
  2. Life Insurance Corporation Of India – 9.41%
  3. Britannia Industries Ltd – 9.27%
  4. Jio Financial Services Ltd – 7.80%
  5. Adani Power Ltd – 7.70%
  6. GAIL (India) Ltd – 6.89%
  7. Sun Pharmaceutical Industries Ltd – 6.83%
  8. Hindalco Industries Ltd – 5.00%
  9. Coal India Ltd.: Futures Near – 4.64%
  10. Biocon Ltd – 4.51%
  11. Jindal Steel & Power Ltd.: Futures Near – 4.19%
  12. InterGlobe Aviation Ltd.: Futures Near – 2.98%
  13. Mphasis Ltd.: Futures Near – 2.95%
  14. IndusInd Bank Ltd.: Futures Near – 2.82%
  15. Adani Green Energy Ltd – 2.81%
  16. Tata Power Co. Ltd – 2.19%
  17. Aurobindo Pharma Ltd.: Futures Near – 2.04%
  18. GAIL (India) Ltd.: Futures Near – 1.48%
  19.  Apollo Hospitals Enterprises Ltd.: Futures Near – 1.34%
  20. Mphasis Ltd – 0.97%

44.81% of this scheme’s portfolio is made up of its Top 5 securities, and 100.45% is made up of its Top 20 securities.

Risk Ratios of the Quant Large Cap Fund:

Quant Large Cap Fund Direct Growth was introduced in July 2022. Risk Ratios are only available for funds that are 3 years old. 

Quant Large Cap Fund Direct Growth Expense Ratio:

Any mutual fund scheme’s expense ratio plays a crucial role and impacts its performance.

The expense ratio or TER of Quant large cap fund direct growth is 0.77%.

The TER of the category average is 0.99%. This is one of the reasons the fund has performed better than the category average and benchmark in the long term (5+ years).

These are the expense ratio details for the same fund with different plans.

  • Regular – Growth – 2.37%
  • Regular – IDCW – 2.37%
  • Direct – IDCW – 0.77%

This scheme’s direct growth plan is the best choice.

Quant Large Cap Fund Managers:

The fund manager’s history is essential information for every mutual fund investor. Four managers manage this fund. Sanjeev Sharma, Vasav Sahgal, Sandeep Tandon, and Ankit A Pande.

Sanjeev Sharma has been managing the fund since July 2022. He has a total work experience of 17 years including 13 years of experience in the financial market. 

Before joining Quant AMC, he specializes in identifying crucial inflexion points in securities. Apart from this fund, he manages 25 more schemes at Quant AMC. 

Vasav Sahgal has been managing the fund since July 2022. Before joining Quant Mutual Fund, he worked with Eqestar Capital as an Equity Research Analyst. Apart from this fund, he manages 20 more schemes at Quant AMC.

Sandeep Tandon has been managing the fund since July 2022. Before joining Quant Mutual Fund, he worked with ICICI Securities as Vice President, The Economic Times and IDBI AMC. Apart from this fund, he manages 10 more schemes at Quant AMC.

Ankit A Pande has been managing the fund since July 2022. Before joining Quant Mutual Fund, he worked Quant Mutual Fund he has worked with Infosys Finacle. He began his career in equity research in 2011. Apart from this fund, he manages 20 more schemes at Quant AMC.

Conclusion:

  • Quant Large Cap Fund is designed for investors with long-term goals.
  • This fund is one of the large-cap mutual funds.
  • Since inception, the performance has been high compared to benchmark and category averages.
  • The expense ratio of this fund is less than the category average.
  • Portfolios are well diversified within 21 equity securities and a few cash components.
  • Hold high risk compared to the category average.
  • The fund manager’s track record is awesome.