quant BFSI Fund NFO: Key details you need to know

1 Jun 2023 , 01:07 PM

Quant Mutual Fund is launching NFO under its “sectoral fund category”, named as ICICI quant BFSI Fund. This open-ended fund aims to generate consistent returns by investing in equity and equity related instruments of banking and financial services.

Investment strategy: The primary investment objective of the Scheme is to generate long-term capital appreciation by creating a portfolio that shall predominantly invest in equity and equity related securities of banking and financial services companies.

Asset allocation: The Scheme would invest in Equity and Equity related instruments of companies engaged in Banking and Financial Services Sector and Debt & Money Market instruments.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in a BFSI sector mutual fund should invest in quant BFSI Fund.

Risk associated: Very high level of risk.

Benchmark: Nifty Financial Services TRI.

Fund Managers: Mr Sandeep Tandon, Mr Ankit Pande, Mr Sanjeev Sharma and Mr Vasav Sahgal.

The NFO is available for subscription from June 1 to June 14. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in quant BFSI Fund.