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Investment Objective
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The primary investment objective of the scheme is to generate capital appreciation
& provide long-term growth opportunities by investing in a portfolio of Consumption
driven companies. There is no assurance that the investment objective of the Scheme
will be realized.
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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 following consumption theme
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Inception Date
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24th January, 2024
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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 India Consumption TRI
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Load Structure
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Entry Load - Nil
Exit Load - 15 Days / 1%
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Asset 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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Instruments
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Minimum
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Maximum
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High/Medium/Low
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Equity & Equity related instruments of Consumption and consumption related sectors
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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 other than companies of Consumption and consumption
related sectors
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0
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20
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Very High
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Debt and money market instruments*
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0
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20
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Low to Meduium
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Foreign Equity and Equity related instruments and Overseas ETFs
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0
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20
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Very High
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Units issues by REITs/InvITS
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0
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20
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Very High
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The Scheme retains the flexibility to invest across all the securities in the debt
and money markets as permitted by SEBI / RBI from time to time, including schemes
of mutual funds. 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 Clause 4.4.4 of Master Circular dated
May 19, 2023. 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
only with the prior approval of SEBI. Such changes in the investment pattern will
be transitionary in nature and will be undertaken as defensive considerations only
in accordance with Clause 1.14 of SEBI Master Circular dated May 19, 2023. Due to
market conditions, the AMC may invest beyond the range set out in the asset allocation.
Such deviations shall normally be for a short term and defensive considerations
as per Clause 2.9 of Master Circular dated May 19, 2023, and the fund manager will
rebalance the portfolio within 30 calendar days from the date of 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. Sanjeev Sharma | Mr. Vasav Sahgal
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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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India's young and growing population, with a median age of 28.6 years, is a major
driver of consumption growth. Unlike many ageing nations in the West and East, India
will remain a nation of the young with a median age of 31 in 2030, India is well-positioned
to reap the benefits of its demographic dividend. This young population is also
more likely to adopt new technologies and trends, fueling consumption growth further.
According to research by the World Economic Forum, growth in income will transform
India from a bottom-of- the-pyramid economy to a truly middle-class one, with consumer
spending growing from $1.5 trillion to nearly $6 trillion by 2030.
As 140 million
households move into the middle class and another 20 million move into the high-income
bracket, they will spend 2-2.5x more on essential categories (food, beverages, apparel,
personal care, gadgets, transport and housing) and 3-4x more on services (healthcare,
education, entertainment and household care). Uppermiddle-income and high-income
entrants will drive a 15-20% increase in the ownership of durables (washing machines,
refrigerators, TVs and personal vehicles).
The factors contributing to this growth, include:
- Rising incomes: Indian incomes
have been rising steadily in recent years. This is leading to an increase in discretionary
spending.
- Changing demographics: India's young population is increasingly urbanizing
and becoming more affluent. This is leading to a shift in consumption patterns towards
more discretionary goods and services.
- Government policies: The Indian government
is supportive of consumption growth. It has implemented a number of policies to
boost consumer spending, such as tax cuts and infrastructure investment.
- Digital
Revolution: India has witnessed a significant digital revolution in recent years,
with the proliferation of smartphones and affordable internet access. This has led
to a surge in e-commerce and online services, further boosting consumption. Online
shopping, digital entertainment, and various app-based services have become an integral
part of the consumer experience.
- Rural Growth: While urban areas are experiencing
substantial growth in discretionary spending, it's important to note that rural
India is also becoming a key driver of consumption. Government initiatives like
the Pradhan Mantri Awas Yojana (housing for all) and MGNREGA (rural employment guarantee)
are contributing to increased income and improved living standards in rural areas,
thus driving consumption growth in these regions.
- Youthful Aspirations: The young
population in India aspires to a higher standard of living. This aspiration is driving
them to explore a variety of lifestyle products and experiences, including international
travel, premium electronics, and luxury goods.
- Infrastructure Development: Ongoing
infrastructure development, including the construction of modern shopping malls,
improved transportation networks, and connectivity, is enhancing the retail experience
and making it easier for consumers to access a wide range of products and services.
- Cultural and Social Factors: India's diverse culture and social dynamics have
led to a growing demand for specialized products and services tailored to different
regions, languages, and traditions. This has resulted in a dynamic and evolving
consumption landscape.
To achieve the investment objective, the scheme will primarily
invest in equity and equity linked instruments of companies which benefit from the
‘Consumption’ story, since Consumption is a Multi-Decade Opportunity and is expected
to play out for several decades to come, the fund will aim to actively identify
and invest in companies which are most likely to benefit from this opportunity.
The AMC 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 unit holders and
if market conditions warrant it. Investments in securities and instruments not specifically
mentioned earlier may also be made, provided they are permitted by SEBI/RBI and
approved by the Trustee. However, such investments shall be made keeping in view
the Fundamental Attributes of the Scheme.
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Statutory Details: Sponsor: quant Capital Finance & Investments
Private Limited
Investment Manager: quant Money Managers Limited. CIN: U74899MH1995PLC324387
For Further Details :- https://quantmutual.com/downloads/factsheet
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