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Investment Objective
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The primary investment objective of the scheme is to generate consistent returns by investing in equity and equity
related instruments of banking and financial services. However, there is no assurance that the investment objective
of the Scheme will be achieved.
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Category of Scheme
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Thematic
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Type of Scheme
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An open ended equity scheme investing in banking and financial services related sectors
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Inception Date
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20-Jun-23
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Lock in Period
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Nil
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Minimum Application Amount
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For new investor, INR 5000/- and any amount thereafter
For existing investors, INR 1000/- and any amount thereafter
For Systematic Investment Plan (SIP), the minimum amount is INR 1000/- and in multiples of INR 1/- thereafter.
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Benchmark Index
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Nifty Financial Services TRI
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Load Structure
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Entry Load - Nil
Exit Load -15 Days / 1% Effective from August,11,2023
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set Allocation Pattern
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Under normal circumstances, the asset allocation pattern will be as follows
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Indicative allocations (% of total assets)
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Risk Profile
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Instrument
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Minimum
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Maximum
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High/Medium/Low
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Equity and Equity related instruments of companies engaged in Banking and Financial Services Sector
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80
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100
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Very High
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Equity and Equity related instruments of companies other than those engaged in Banking and Financial Services Sector
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0
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20
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Very High
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Debt & Money Market instruments*
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0
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20
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Low to Medium
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Units issued by REITs & InvITs
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0
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5
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Very High
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Foreign securities including ADRs / GDRs / Foreign equity and debt securities and Overseas ETFs 0 20 Very High Debt & Money Market instrument
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0
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20
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Very High
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The Scheme does not intend to invest in securities with Structured Obligations or Credit Enhancements. The Scheme does not intend to invest
in debt instruments with special features in line with SEBI Circular no. SEBI/HO/IMD/DF4/CIR/P/2021/032 dated March 10, 2021.
* In line with SEBI Circular dated November 29, 2022, the scheme shall not invest more than:
a. 10% of its NAV in debt and money market securities rated AAA;
b. 8% of its NAV in debt and money market securities rated AA;
c. 6% of its NAV in debt and money market securities rated A and below: issued by a single issuer.
The above investment limits may be extended by up to 2% of the NAV of the scheme with prior approval of the Board of Trustees and Board of Directors of the AMC, subject to compliance with the overall 12% limit specified in clause 1 of Seventh Schedule of SEBI MF Regulation.
The investment pattern stated above is indicative and may be changed due to market conditions. The proportion of the scheme invested in
each type of security will vary in accordance with microeconomic & macroeconomic conditions, interest rates, and other relevant
considerations. These instances may be beyond the control of the fund manager & the AMC and hence may require such deviations. Such
changes in the investment pattern will be transitionary in nature and will be undertaken as defensive considerations only in accordance with
SEBI circular dated March 04, 2021. Defensive considerations may be determined by the fund manager and in case of deviations on account
of exogenous factors, the fund manager will endeavor to rebalance the Scheme within 30 calendar days from the date of such deviation. The
intention being at all times to seek to protect the interests of the Unit holders. The risks associated with each investment are an important factor
as well. The net assets of this scheme shall predominantly be invested as per the investment pattern stated above.
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Fund Manager
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Mr. Sandeep Tandon, Mr. Ankit Pande, Mr.Varun Pattani, Ms. Ayusha Kumbhat,Mr.Yug Tibrewal, Mr.Sameer Kate, Mr. Sanjeev Sharma
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Plans Available
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Regular Plan and Direct Plan.
(The Regular and Direct plan will have a common portfolio)
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Options Available
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1. Growth Option and 2. IDCW
The IDCW option has the following facilities: (i) IDCW Reinvestment Facility. (ii) IDCW Pay-out Facility. Default Investment option is Growth Option. For the IDCW option, the default facility will be IDCW Reinvestment.
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Applicable NAV
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The NAV applicable for purchase or redemption or switching of Units based on the time of the Business Day on which the application is time stamped
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Risk Factors
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For detailed scheme/securities related risk factors, please refer to the Scheme Information Document
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Investment Strategy
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The primary investment objective of the Scheme is to generate long-term capital
appreciation by creating a portfolio that shall predominantly invest in equity and
equity related securities of banking and financial services companies.
The fund may invest in
- Banks
- Non-Banking Financial Services Companies
- Housing Finance Companies
- Insurance companies
- Asset Management companies
- Rating agencies
- Microfinance companies
- Broking & securities, insurance & mutual fund platforms
- Asset Reconstruction Companies
- RIAs
- Stock exchanges, depositories and related infrastructure providers
The Fund Manager may, from time to time, review and modify the Scheme’s investment
strategy if such changes are considered to be in the best interests of the unitholders
and if market conditions warrant it. No assurance can be given that the fund manager
will be able to identify or execute such strategies. The Scheme may also invest
a part of its corpus in overseas markets in unlisted securities, Global Depository
Receipts (GDRs), ADRs, overseas equity, bonds and mutual funds and such other instruments
as may be allowed under the Regulations from time to time.
Portfolio Construction: The portfolio shall be structured so as to keep risk at
acceptable levels based on the risk-on / risk-off environment. This shall be done
through various measures including:
- Broad diversification of portfolio.
- Ongoing
review of relevant market, industry, sector and economic parameters.
- Investing
in companies which have been based on the VLRT investment framework.
- Investments
in debentures and bonds will usually be in instruments which have been assigned
investment grade ratings by any approved rating agency.
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For Further Details :- https://quantmutual.com/downloads/factsheet
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