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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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An open ended Debt Scheme investing in Overnight securities
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Inception Date
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04-Dec-22
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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 –
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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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Mr.Sanjeev Sharma, Mr.Harshvardhan Bharatia
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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 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.
With intent to limit undue risk, rigorous credit evaluation of the securities proposed
to be invested in will be carried out by the AMC. The credit evaluation includes
a study of the operating environment of the company, the past track record as well
as the future prospects of the issuer, the short as well as longer-term financial
health of the issuer. The AMC may consider the ratings of Rating Agencies as approved
by SEBI to carry out the functioning of rating agencies. In addition, the macro
economic conditions, including the political, economic environment and factors affecting
liquidity and interest rates shall be taken into consideration.
The scheme may undertake repo transactions in corporate debt securities in accordance
with the directions issued by RBI and SEBI from time to time. Such investment shall
be made subject to the guidelines which may be prescribed. Money Market instruments
includes (but not limited to) Commercial Paper, Commercial Bills, Certificates of
Deposit, Treasury Bills, Bills Rediscounting, Triparty Repo, Government securities
having an unexpired maturity of less than 1 year, alternate to Call or notice money,
Usance Bills and any other such short-term instruments as may be allowed under the
Regulations prevailing from time to time. The portion of the Scheme‟s portfolio
invested in each type of security may vary in accordance with economic conditions,
interest rates, liquidity and other relevant considerations, including the risks
associated with each investment. The Scheme will, in order to reduce the risks associated
with any one security, utilize a variety of investments.
Subject to the Regulations, the securities mentioned above could be listed, unlisted,
privately placed, secured, unsecured, rated or unrated and of varying maturity.
The securities may be acquired through secondary market operations, private placement,
negotiated deals, etc. qMML 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.
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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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