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Investment Objective
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The primary investment objective of the scheme is to seek to generate consistent to generate consistent returns by investing in a portfolio of Large Cap, Mid Cap and Small Cap companies. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
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Category of Scheme
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Flexi Cap
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Type of Scheme
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An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks
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Inception Date
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17-Oct-08
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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 500 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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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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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
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80
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100
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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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05
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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.
Overseas Investments: Under normal circumstances the Schemes shall not have an exposure of more than 35% of its net assets in foreign assets/securities/instruments including ADRs / GDRs, subject to applicable regulatory limits.
Trading in Derivatives: To optimally manage portfolio risk, the Scheme may use various derivative instruments and hedging products in a manner permitted by SEBI.
The scheme may take exposure to derivative instruments up to 100% of net assets.
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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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The underlying theme driving the relative allocation will be quant Money Managers Limited (qMML)
research‟s 'quantamental' investment strategies. qMML believes that a quantitative approach
to money management would yield optimal results when combined with the value of human judgement
as rules or factors can behave differently when the entire market environment changes, such as
our predictive analytics tools suggest. Thus, the quantamental approach seeks to find the
harmony between objectivity and subjectivity.
In order to provide the best possible returns and capital preservation, the quantamental approach
goes beyond purely factor-based, smart beta or algorithmic strategies. We believe a rules-based
mechanical approach needs to be combined with the value of years of human judgement and experience
to yield 'adaptive alpha' - the outperformance generated by an ability to adapt investment
rules/factors to novel market phases. Thus, we augment traditional quantitative and qualitative
methods alongwith „sentiments data‟ - a deep knowledge of market structure dynamics, micro level
stock selection and inflexion point identification between bouts of greed and fear through analysis
of the larger, ever-changing macro environment.
Quantamental combines the innate human ability to adapt, adding to the alpha generated by
discipline and identification of underlying factors - adaptive alpha, providing the edge
needed to manage volatility and utilize periodic market imbalances to the portfolio's advantage.
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.
The fund will invest in stocks from a universe of NIFTY 500 TRI selected on the basis of a Quant Model.
Quantitative methods will be used for (i) screening mechanism to choose best picks and make the stock selection universe smaller,
(ii) Deciding on the portfolio weightage for better return as the investment will focus on company‟s size and liquidity.
The quantitative model which will be used for stock selection will be based on two broad parameters viz.,
Stock Price movement & Financial/ valuation aspects. The model will use aspects like:
- Stock Price related parameters - This would include stock specific aspects like relative strength, liquidity and volatility, Historic Performance (based on quarterly and annual relative and absolute price movement).
- Financial/ Valuation parameters – This would include aspects based on a company‟s Balance sheet, cash flow statement & profit & loss account. The parameters are Sales growth (Historical), Earning before Interest and tax (EBIT) & Free Cash flows. (Historical), Dividend yield, Price to book ratio (PB), Return ratios, etc.
The portfolio is reviewed on a quarterly basis and changes are made based on the data generated by the model and on the discretion of the fund manager. The change in the portfolio involves both sale and purchase, both partial and complete, of the existing stocks and purchase of new stocks, if any.
Portfolio Construction: The portfolio shall be structured so as to keep risk at acceptable levels. This shall be done through various measures including:
1. Broad diversification of portfolio.
2. Ongoing review of relevant market, industry, sector and economic parameters.
3. Investing in companies which have been researched.
4. Investments in debentures and bonds will usually be in instruments which have been assigned investment grade ratings by any approved rating agency. Page 5
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 unitholders 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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