Quant Small Cap Fund Direct Plan is an Equity – Small Cap Fund that is a part of Quant Mutual Fund. Introduced on October 16, 1996, it has ₹13,001.83 crore in AUM as of right now. NIFTY 50 – TRI serves as the primary benchmark for the Quant Small Cap Fund, while Nifty Smallcap 250 – TRI serves as the secondary benchmark. The Quant Small Cap Fund‘s NAV rose to ₹227.4403 yesterday, a gain of ₹3.23 (1.44%). Reliance Industries Limited is one of the fund’s top three holdings, and The Quant Small Cap Fund Direct Plan is managed by Vasav Sahgal and Sanjeev Sharma.
Quant Small Cap Fund Direct Plan Overview Growth
| Fund House | Quant Mutual Fund |
| Launch Date | 16-Oct-1996 |
| Benchmark | NIFTY 50 – TRI |
| Minimum Investment (₹) | 5,000 |
| Minimum Addl Investment (₹) | 1,000 |
| Exit Load (%) | 1% on or before 1Y, Nil after 1Y |
| Minimum SIP Investment (₹) | 1,000 |
| Minimum STP Investment (₹) | 1,000 |
| Minimum SWP Investment (₹) | 1,000 |
| 52 Week Low Nav (₹) | 150.19 |
| 52-Week Low Nav Date | 28-Mar-2023 |
| 52 Week High Nav (₹) | 255.55 |
| 52 Week High Nav Date | 25-Jan-2024 |
Small Cap Fund Direct Plan Performance
| Scheme Name | 1-Month Return (%) | 3-Month Return (%) | 1-Year Return (%) | 3-Year Return (%) | 5-Year Return (%) | Since Inception |
| Quant Small Cap Fund -Growth | 9.31 | 30.63 | 58.01 | 46.33 | 35.24 | 12.61 |
| NIFTY 50 – TRI | N/A | N/A | N/A | N/A | N/A | N/A |
| Nifty Smallcap 250 – TRI | N/A | N/A | N/A | N/A | N/A | N/A |
Up to one year, returns are absolute; after that, they are compounded annually.
Peer Fund Comparison
| Scheme Name | Launch Date | 1-Year Return (%) | 3-Year Return (%) | 5-Year Return (%) | Expense Ratio (%) | Assets (Cr.) |
| Quant Small Cap Fund -Growth | Oct 16, 1996 | 58.01 | 46.33 | 35.24 | 1.71 | 13,001.83 |
| Nippon India Small Cap Fund-Growth Plan – Growth Option | Sep 16, 2010 | 53.65 | 40.52 | 29.79 | 1.51 | 43,815.61 |
| HDFC Small Cap Fund – Regular Growth Plan | Apr 03, 2008 | 50.25 | 35.79 | 23.36 | 1.62 | 26,836.99 |
| SBI Small Cap Fund – Regular Plan-Growth | Sep 09, 2009 | 30.41 | 26.01 | 24.39 | 1.62 | 23,716.95 |
| Axis Small Cap Fund – Regular Plan-Growth | Nov 29, 2013 | 38.03 | 30.17 | 27.12 | 1.65 | 18,615.72 |
| Tata Small Cap Fund-Regular Plan-Growth | Nov 12, 2018 | 37.22 | 35.53 | 26.31 | 1.77 | 17,782.63 |
Small Cap Fund Direct Plan Holdings
| Company | % Assets |
| Reliance Industries Limited | 9.78 |
| Hindustan Copper Limited | 3.73 |
| Adani Power Limited | 3.31 |
| Jio Financial Services Limited | 3.23 |
| TREPS 01-Jan-2024 DEPO 10 | 3.17 |
| BSE Ltd | 3.13 |
| IRB Infrastructure Developers Limited | 2.92 |
| RBL Bank Limited | 2.75 |
| Arvind Limited | 2.69 |
| Bikaji Foods International Limited | 2.63 |
| Sector | Holding% |
| Refineries | 9.78 |
| Pharmaceuticals & Drugs | 7.88 |
| Bank – Private | 5.6 |
| Engineering – Construction | 5.36 |
| Finance – Others | 4.65 |
| Miscellaneous | 4.51 |
| Power Generation/Distribution | 4.51 |
| Metal – Non-Ferrous | 3.73 |
| Finance – Stock Broking | 3.23 |
| Textile | 2.94 |
| Holding Type | Holding % |
| Cash | 1.46 |
| Derivatives | 4.51 |
| Equity | 93.33 |
| MFU | 0 |
| Sov | 0.69 |
How is the Fund Manager?
The fund is currently managed together by Ankit Pande, Vasav Sahgal, and Sanjeev Sharma, who have nine, five, and thirteen years of industry experience, respectively. Only two previous fund managers, Lalit Khanna and Jagvir Singh Fauzdar, handled this fund for 14 and 8 years, respectively, according to an analysis of the trend of fund manager turnover from 2002. The current fund managers have only been in charge of this fund for a maximum of five years.
- Education: M. Com., PGDBA (Finance) – Symbiosis Pune, PG Dip. – Computer Applications
- Experience: 6 years
- Basic Details: Mr. Sanjeev Sharma has a total of 6 years of experience in Debt Research.
- Funds Managed:
-
- Quant Absolute Fund
- Quant BFSI Fund
- Quant Business Cycle Fund
- Quant Commodities Fund
- Quant Flexi Cap Fund
- Quant ESG Equity Fund
- Quant Gilt Fund
- Quant Multi Asset Fund
- Quant Active Fund
- Quant Healthcare Fund
- Quant Large & Mid Cap Fund
- Quant Small Cap Fund
- Quant Large & Mid Cap Fund
- Quant Large Cap Fund
- Quant Focused Fund
- Quant Manufacturing Fund
- Quant Momentum Fund
- Quant Mid Cap Fund
- Quant Overnight Fund
- Quant Flexi Cap Fund
- Quant Quantamental Fund
- Quant Teck Fund
- Quant Value Fund
- Quant Dynamic Asset Allocation Fund
- Quant Liquid Plan
- Education: B.Com, CFA
- Basic Details: He has performed various operational and research-oriented roles at Quant Money Managers Limited. He is a commerce graduate from Jai Hind College, Mumbai, and has cleared all three levels of the CFA Program.
- Funds Managed:
-
- Quant Absolute Fund
- Quant BFSI Fund
- Quant Business Cycle Fund
- Quant Commodities Fund
- Quant Flexi Cap Fund
- Quant ESG Equity Fund
- Quant Multi Asset Fund
- Quant Active Fund
- Quant Healthcare Fund
- Quant Large & Mid Cap Fund
- Quant Small Cap Fund
- Quant Large & Mid Cap Fund
- Quant Large Cap Fund
- Quant Focused Fund
- Quant Manufacturing Fund
- Quant Momentum Fund
- Quant Mid Cap Fund
- Quant Flexi Cap Fund
- Quant Quantamental Fund
- Quant Teck Fund
- Quant Value Fund
- Quant Dynamic Asset Allocation Fund
- Quant Liquid Plan
- Education: CFA, MBA
- Experience:11
- Basic Details: Experience of 8 years in Indian equities and 3 years in software products. Began his career in core banking software with Infosys Finacle. Began his career in equity research in 2011, picking up the (U.S.-based) CFA charter in 2015 and MBA from The Chinese University of Hong Kong in 2017. He won the Thomson Reuters StarMine Award for best stock picker in the IT sector in 2014 and is a lifetime member of the Beta Gamma Sigma honor society.
- Funds Managed:
-
- Quant Absolute Fund
- Quant BFSI Fund
- Quant Business Cycle Fund
- Quant Commodities Fund
- Quant Flexi Cap Fund
- Quant ESG Equity Fund
- Quant Multi Asset Fund
- Quant Active Fund
- Quant Healthcare Fund
- Quant Large & Mid Cap Fund
- Quant Small Cap Fund
- Quant Large & Mid Cap Fund
- Quant Large Cap Fund
- Quant Focused Fund
- Quant Manufacturing Fund
- Quant Momentum Fund
- Quant Mid Cap Fund
- Quant Flexi Cap Fund
- Quant Quantamental Fund
- Quant Teck Fund
- Quant Value Fund
How Does The Quant Small Cap Fund Direct Plan Perform?
We have compared the fund’s three-year rolling returns to both the benchmark index and the category average to assess its performance. The study started in January 2012 and will last until March 2022.
The first graph (Graph No. 1) illustrates how Quant Small Cap Fund Direct Plan has continuously underperformed both its benchmark and its category. But recently, as compared to its benchmark and category, it has been operating well. Seeing how the fund manager operates to maintain such a performance would be intriguing. Keep in mind that this fund has only outperformed during the most recent upswing.
Image Source- https://www.dsij.in/
Now, let’s evaluate the fund’s performance in its category and benchmark using parameters like the median, minimum, and maximum returns of the three-year rolling returns (Graph No. 2). The fund underperformed the benchmark and category average in terms of minimum and median returns; it barely beat the benchmark and did not beat the category average in terms of maximum returns. This demonstrates how the Quant Small Cap Fund Direct Plan can’t compete with its peers and benchmark over an extended period.
Image Source- https://www.dsij.in/
How Risky is The Quant Small Cap Fund Direct Plan?
To understand the risk that the fund has suffered in comparison to its category and benchmark, we have chosen the largest drawdown as the primary criterion. As we can see, in the two graphs above, the risk metrics of the fund are shown alongside those of its category and benchmark index. Although Quant Small Cap Fund Direct Plan has a lower maximum drawdown than its benchmark index, it still has one of the biggest maximum drawdowns in the category.
However, when we examined the frequency of drawdowns of less than 10%, we discovered that the Quant Small Cap Fund Direct Plan had a 51 percent rate, while the category and benchmark index had rates of 36 and 47 percent, respectively. This illustrates that although the fund experiences fewer falls than the category and benchmark index, it still experiences larger falls overall. In addition, the Quant Small Cap Fund’s standard deviation and downside deviation are higher than those of both its benchmark index and category, indicating that it struggles to manage downside risk.
What is The Investment Strategy Of The Fund?
The investment plan is based on the quantive methodology of the Quant Mutual Fund proprietary VLRT (Valuation, Liquidity Risk Appetite, and Timing) framework. This approach develops the multi-dimensional VLRT by collecting all accessible data along deeper dimensions related to the three axes of valuation, liquidity, and risk appetite and analyzing it in a dynamic temporal frame. The micro-level stock selection process is guided by the creation of this macro narrative.
The Quant Small Cap Fund’s Scheme Information Document (SID) states that the Quant Mutual Fund’s predictive analytics toolkit provides a variety of research perspectives on various asset classes. Quant money managers base every decision they make about investments on their investment framework. VLRT
How Does This Fund Fair On The Concentration Front?
As of March 2022, the fund’s 56 stocks prioritize businesses such as ITC, TV 18 Broadcast, IRB Infrastructure Developers, and Linde India.
The fund looks to be well-diversified and free of concentration risk in terms of concentration. The top 10 holdings comprise only 38.8% of the portfolio, with a single stock carrying a maximum weight of 6%. In terms of sectoral distribution, almost 38% of the assets are accounted for by the top three industries: consumer staples, services, and construction.
FAQs
Q. How to Invest in Quant Small Cap Fund Direct Plan IDCW?
Ans. The third-party makes it simple and hassle-free to invest in the Quant Small Cap Fund Direct Plan IDCW. The procedure is incredibly easy, rapid, and paperless. Spend a few minutes completing the following actions:
- Open your account and log in.
- Use the search box to look up Quant Small Cap Fund Direct Plan IDCW.
- You will need to finish all online KYC procedures before you can make any investments.
- and paperless, requiring a few minutes to finish
- After that is finished, you can begin making a lump sum or SIP investments in Quant Small Cap Fund Direct Plan IDCW based on your investment goal and risk tolerance.
Q. What kind of returns does Quant Small Cap Fund Direct Plan IDCW provide?
Ans. The Quant Small Cap Fund Direct Plan IDCW has produced average annual returns of 59.74% since its debut on January 7, 2013.
Q. How much expense ratio is charged by Quant Small Cap Fund Direct Plan IDCW?
Ans. When discussing Quant Small Cap Fund Direct Plan IDCW or any other mutual fund, the annual costs that one must pay to the mutual fund provider for managing their investments in a fund are referred to as the Expense Ratio.
The cost ratio for the Quant Small Cap Fund Direct Plan IDCW is 0.77% as of January 27, 2024.
Q. What is the AUM of Quant Small Cap Fund Direct Plan IDCW?
Ans. The Quant Small Cap Fund Direct Plan IDCW’s Assets Under Management (AUM) as of January 27, 2024, is ₹13,001.83Cr.
Q. How to Redeem Quant Small Cap Fund Direct Plan IDCW?
Ans. When you’re in your holdings on the app or website, simply click on it to sell your Quant Small Cap Fund Direct Plan IDCW units. You have two options: either click on redeem and enter the necessary amount or check the “redeem all” box to redeem the entire holding amount. Alternatively, you can invest more.
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