Quant Mutual Fund has launched Quant Equity Savings Fund, an open ended scheme investing in equity, arbitrage and debt.

The new fund offer or NFO of the fund is open for subscription and will close on July 21. The fund will reopen for continuous sale and repurchase within five business days from the date of allotment of units under NFO.

To generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.

The performance of the fund is benchmarked against Nifty Equity Savings TRI and will be managed by Sanjeev Sharma, Harshvardhan Bharatia, Ankit Pande,Varun Pattani, and Ayusha Kumbhat.

Around 65-90% in equity and equity related instruments, 10-35% in debt securities and money market instruments and government securities, 0-10% in exchange traded commodity derivatives, and 0-10% in units issued by REITS and InVITs.

An exit load of 1% will be applicable, if redeemed/switched out on or before completion of 15 days from the date of allotment of units. No exit load is payable if units are redeemed / switched-out after 15 days from the date of allotment.

The fund is suitable for investors who are seeking to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, fixed income securities and capital appreciation through an exposure to equity and equity related instruments and want regular income and capital appreciation.

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