Aditya Birla Sun Life Launches Aditya Birla Sun Life Quant Fund – Details Inside

Aditya Birla Sun Life Launches Aditya Birla Sun Life Quant Fund – Details Inside

Prajwal Wakhare
/ Categories: Trending, Mutual Fund, MF NFO

Aditya Birla Sun Life launched the Aditya Birla Sun Life Quant Fund, an open-ended thematic equity fund utilizing quantitative models for stock selection, open for investment from June 10th to 24th, 2024, with a minimum investment of Rs 500.

Aditya Birla Sun Life has introduced a new mutual fund scheme, the Aditya Birla Sun Life Quant Fund, aimed at long-term capital growth through equity investments. This open-ended thematic equity fund utilizes quantitative models for stock selection.

Investment Details

The fund opened for investment on June 10, 2024, and will accept applications until June 24, 2024. The minimum investment required is Rs 500, making it accessible for small investors. The fund primarily aims to achieve long-term capital appreciation.

Quant Fund: What Is It?

Quantitative funds, or quant funds, use mathematical models and statistical techniques to make investment decisions. These models replace human judgment with data-driven signals, aiming to enhance transparency and minimize emotional biases in investing.

Aditya Birla Sun Life Quant Fund Strategy

The Aditya Birla Sun Life Quant Fund combines automated investing with oversight from fund managers. It follows a quantitative model for stock selection based on the NIFTY 200 Index, which includes large and Mid-Cap stocks. The fund manager defines the investment universe and designs the quantitative model, with automated monitoring of chosen stocks.

Risk Management and Portfolio Allocation

The fund's allocation is focused on equity, with 80% to 100% invested in the quant model theme. The rest is allocated to other equity and debt instruments, ensuring a balanced approach to risk management.

Performance Comparison

Scheme Name

AUM (Crore)

Expense Ratio (%)

1 Year Returns (%)

quant Quantamental Fund

2173.51

2

64.95

360 One Quant Fund

175.14

1.83

58.44

Nippon India Quant Fund

63.00

0.98

42.72

ICICI Pru Quant Fund

76.79

1.23

35.21

Axis Quant Fund

1062.73

2.18

33.5

Tata Quant Fund

57.66

2.38

27.21

DSP Quant Fund

1179.22

1.26

21.54

Kotak Quant Fund

683.49

1.26

-

Investor Profile

The fund is suitable for long-term equity investors with an investment horizon of 3-5 years or more. Investors looking to start small can benefit from the low minimum investment requirement.

Fund Manager Expertise

Mr. Harish Krishnan, with nearly 20 years of experience in asset management, manages the scheme. His background includes managing equity funds at Kotak Mutual Fund and offshore funds internationally.

Conclusion

The Aditya Birla Sun Life Quant Fund offers a sophisticated investment strategy, blending automated, data-driven models with expert oversight. It provides an opportunity for investors seeking long-term growth in a diversified equity portfolio. The fund's low entry barrier and potential for substantial returns make it suitable for investors willing to accept higher risks for greater rewards.

Disclaimer: The article is for informational purposes only and not investment advice.

DSIJ's 'Value Pick' service recommends long-term stocks based on Value Investing Philosophy. If this interests you, do download the service details here.

Previous Article Penny stock under Rs 10: This micro-cap company is into expansion of business premium men’s apparels for export market; details inside!
Next Article Multibagger penny stock at Rs 82.50: This engineering company bags new order worth Rs 67,26,000 from DRDO, Ministry of Defence
Rate this article:
3.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR