Here is a sneak peek into the performance of these mutual funds:
1) Quant Small Cap Fund(G)
An open-ended equity scheme predominantly investing in smallcap stocks was launched on October 29, 1996. The scheme has a nil lock-in period. The returns by this fund has been to the tune of 43% which is an outperformance over its Nifty Smallcap 250 – TRIwhich has delivered nearly 30% returns over a three-year period.
New investors can invest with an amount of Rs 5000 and any amount thereafter while for existing investors, Rs 1,000 and any amount thereafter is allowed. For Systematic Investment Plan (SIP), the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter.
2) Quant Mid Cap Fund(G)
This is also an open-ended equity scheme predominantly investing in midcap stocks. It was launched on March 20, 2001. The returns by this scheme has been nearly 36% against its benchmark Nifty Midcap 150 – TRI which has given returns of 28% over a three year period.New investors can invest with an amount of Rs 5000 and any amount thereafter while for existing investors, Rs 1,000 and any amount thereafter is allowed. For Systematic Investment Plan (SIP), the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter. The lock-in period and entry load are nil. However, investors will have to pay exit load if redeemed or switched out on or before completion of 3 months from the date of allotment of units.
3) Nippon India Small Cap Fund(G)
This is another open-ended equity scheme that predominantly invests in smallcap stocks. The NAV as of February 12 stood at Rs 140. This scheme has returned nearly 36% over three years versus the Nifty Smallcap 250 – TRI which has given returns of 31%.The minimum investment amount is Rs 5,000. There is no entry load while 1% is charged as exit load if investments are redeemed or switched out on or before completion of 1 month from the date of allotment of units.
4) HSBC Small Cap Fund-Reg(G)
This is also an open-ended equity scheme predominantly investing in smallcap stocks. Formerly known as L&T Emerging Businesses Fund, HSBC Small Cap Equity Fund has merged into L&T Emerging Businesses Fund and the surviving scheme has been renamed. This scheme has returned 35% over a 3-year period versus 30% returns by its benchmark Nifty Smallcap 250 – TRI index.
The NAV of this scheme is Rs 72.64 as of January 31, 2024. There is no entry load, an exit load is charged if the units up to 10% are redeemed or switched out within 1 year from the date of allotment. There is no exit load on redemption after one year.
5) Quant Flexi Cap Fund(G)
This is an open-ended dynamic equity scheme investing across large, mid and smallcap stocks. It was launched on October 17, 2008. This scheme has given returns of 34% over a 3-year period versus over 17% returns by the fund’s benchmark NIFTY 500 – TRI.
New investors can invest with an amount of Rs 5000 and any amount thereafter while for existing investors, Rs 1,000 and any amount thereafter is allowed. For a Systematic Investment Plan (SIP), the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter.
There is no entry load while an exit load of 15 Days/1% effective from August 11, 2023, is charged.
Commenting on the performance of smallcap and midcap stocks and their outlook, Sandeep Tandon, CIO at Quant Mutual Fund said that the easy phase of the bull run is over. However, he clarified that the bull run was still not over. “We are in a difficult phase of the bull run, but we are in the bull run,” he said. Sector rotation, and stock rotation is a strategy to go forward, he recommends adding that investors will have to keep on identifying new sectors and new stocks rather than just believing that they have got a gold mine and would like to ride it for the next 10 years.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
