Mr. R. Venkatesh, GuruRam Financial Services Pvt. Ltd.
SBI Mutual Fund launches its Quant Fund. The New Fund Offer (NFO) opens on 2024 December 4 and closes on December 18.
SBI Mutual Fund has launched SBI Quant Fund, an open-ended equity scheme following an in-house quant model-based investing approach.
The scheme will rely on 4 factors – growth, momentum, quality and value to pick stocks. Each of these factors will be given weightage based on market conditions.
The evolving landscape of factor-based investing presents significant opportunities for diversification and better risk-adjusted returns. Multi-factor investing combines various factors rather than focusing on a single one, helping to smooth out the cyclicality of returns and reduce behavioural biases in factor selection.
The fund is focused on the investors who believe in the India growth story and want to invest in equity with the benefit of periodic reviews through a rule-based investing framework. It aims to deliver optimal risk-adjusted returns and minimise behavioural biases.
The quant fund will have 30 to 45 stocks in the portfolio. The fund house aims to raise Rs.4000-5000 crore during the NFO.
Investment objective
The investment objective of the scheme is to seek to generate long term capital appreciation by investing in equity and equity related instruments selected based on quant model themes.
Asset allocation
The scheme will allocate 80-100% of its assets in equity and equity-related instruments selected based on a quantitative model. It will allocate 0-20% in other equity and equity-related instruments, 0-20% in debt securities (including securitised debt and debt derivatives) and money market instruments (including tri-party repo), and 0-10% in units issued by REITs and InvITs.
Key details of the SBI Quant Fund NFO
| Launch date | December 4, 2024 |
| Last date | December 18, 2024 |
| Category of the scheme | Equity – Thematic Fund |
| Benchmark index | BSE 200 TRI |
| New fund offer price | Rs. 10/- per unit |
| Minimum investment (initial) | ₹5,000 and in multiples of Re 1 thereafter |
| Minimum investment (additional purchases) | ₹1,000 and in multiples of Re 1 thereafter |
| Minimum redemption amount | ₹500 or 1 unit (whichever is lower) or the entire balance |
Sukanya Ghosh and Pradeep Kesavan will manage the scheme.
For Investments contact
Mr. R. Venkatesh, Founder
GuruRam Financial Services Pvt. Ltd.
New No. 14, Old No. 37C, First Floor
Nathamuni Street, T Nagar, Chennai -600017
Tel. +91-9677267889, 9677025125
Email: gururamforyou@gmail.com
https://www.gururamfinancialservices.com/index.php
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