Quant ELSS Tax Saver Fund Direct-Growth is an ELSS mutual fund scheme offered by Quant Mutual Fund. This fund was launched on January 1, 2013, making it 11 years. As of now, Quant ELSS Tax Saver Fund Direct-Growth has assets under management (AUM) of ₹11,065 crores, making it a medium-sized fund in its class.
A significant portion of the fund’s money is invested in the energy, financial, consumer staples, healthcare and automobile sectors. Compared to other funds in the category, it has less exposure to the energy and financial industries.
Quant ELSS Tax Saver Fund Performance
The past year’s Quant ELSS Tax Saver Fund Direct-Growth returns were 53.27%. It has produced returns an average of 23.32% annually since its start. Every three years, the fund doubles the amount invested in it.
The Quant ELSS Tax Saver Fund Direct-Growth plan can deliver returns that are comparable to most funds in its category. Its capacity to manage losses in a declining market is below average.
Quant ELSS Tax Saver Fund Returns
| Period | Quant ELSS Tax Saver Fund | Category average |
|---|---|---|
| 1 month | 0.6% | 2.41% |
| 3 months | 4.77% | 10.18% |
| 6 months | 14.64% | 18.31% |
| 1 year | 53.98% | 41.45% |
| 3 years | 28.85% | 21.15% |
| 5 years | 38.69% | 23.99% |
Quant ELSS Tax Saver Fund Top 5 Holdings
| Name | Sector | Instrument | Assets |
|---|---|---|---|
|
HDFC Bank Ltd.
|
Financial | Equity | 10.25% |
|
Reliance Industries Ltd.
|
Energy | Equity | 10.18% |
|
Adani Power Ltd.
|
Energy | Equity | 7.91% |
|
JIO Financial Services Ltd.
|
Financial | Equity | 6.47% |
|
Aurobindo Pharma Ltd.
|
Healthcare | Equity | 4.84% |
Quant ELSS Tax Saver Fund Suitability
If you choose to invest for five years or longer, you can expect gains that outperform both inflation and fixed-income returns. However, keep in mind that the value of your investment may fluctuate over time.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.