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Investment Objective
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The investment objective of the scheme is to generate returns by investing in debt and money market instruments with overnight maturity. However, there can be no assurance that the investment
objective of the Scheme will be realized.
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Category of Scheme
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overnight Fund
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Type of Scheme
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overnightFund - An open-ended overnight Scheme.
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Inception Date
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December, 2022
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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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CRISIL overnight Index
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Load Structure
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Entry Load – Nil
Exit Load – Nil
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Asset Allocation Pattern
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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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Overnight* debt and/or Money Market Instruments
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0
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0-100
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Low
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Maturing on or before the next day The Scheme will not invest in Foreign Debt
Securities and in Derivatives.
Since the category of the scheme is Overnight Fund, the mandated Rebalancing
period is not applicable to the scheme in line with SEBI circular
SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/39 dated March 30, 2022.
The Scheme retains the flexibility to invest across all the securities in the
debt and money markets instruments with overnight maturity. The portfolio holds
cash depending on the market condition.
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Fund Manager
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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 investment objective of the Scheme is to generate returns by investing in debt and
money market instruments with overnight maturity. The total assets of the Scheme will be
invested in debt securities and money market instruments maturing on or before next day.
In case of quant Overnight Fund
securities with put and call options (daily or otherwise) the residual maturity (deemed or actual)
shall be on or before the next day.
Investments under the Scheme would be made predominantly in Tri-Party Repos (TREPS), overnight reverse
repos and fixed income securities/ instruments with overnight maturity. The Scheme may invest in liquid
instruments like T-bills having residual maturity upto 30 days, Commercial papers, Certificate of Deposits
and Government Securities for overnight deployment.
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Statutory Details: Sponsor: quant Capital Finance & Investments Private Limited
Investment Manager: quant Money Managers Limited. CIN: U74899MH1995PLC324387
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