Quant Mutual Fund is one of the trusted and oldest mutual fund houses offering various mutual fund schemes to investors both residents and NRIs alike. Quant Mutual Fund (formerly known as Escorts Mutual Fund) was incorporated in 1996. It was known as Escorts Mutual Fund before being bought by Quant Capital Finance & Investments Private Limited in 2018. And that’s how the name Quant Mutual Fund came into existence. In this article, we take a look at the Quant Mutual Fund for NRIs review, a comprehensive list of Quant mutual fund schemes, NAV, performance, and more.
Overview of Quant Mutual Fund for NRIs
Quant Mutual Fund has had a surreal growth after its acquisition by Quant Capital Finance & Investments Private Limited. At the time of acquisition, Quant Mutual Fund which was still known as Escorts Mutual Fund had assets under management (AUM) of Rs 235 crore which has now grown to over Rs 18,000 crores (approx.) Quant Money Managers Limited (QMML) is the Asset Management Company running Quant Mutual Fund. There are 17 mutual fund schemes under Quant Mutual Fund spread across equity, debt, and hybrid funds.
Also read: Best Mutual Funds for NRI in India 2024
Can NRIs invest in Quant Mutual Funds?
Yes, NRIs can easily invest in Quant mutual funds after getting their Mutual Fund KYC done and linked to their NRO/NRE Bank accounts. They can invest in various mutual fund schemes and generate good returns in the long term. This helps NRIs to build a fund that can match their investment goals and secure their future for any long-term financial needs.
The FEMA Act, RBI rules, and SEBI guidelines govern the rules and regulations regarding NRI investments in mutual funds which is why it has a slightly different procedure than that of resident individuals. Keeping in check with the FEMA Act, the funds on offer for NRIs from the US & Canada to NRIs from other countries may vary at times.
Also read: Best SIP to Invest in 2024 – Top 10 SIP Mutual Fund Plans for NRIs/OCIs
How can NRIs invest in Quant Money Managers Limited (QMML)?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any – Water/electricity bills, postpaid mobile/internet bills, rent agreements, driving licenses, etc.
- Passport – front and back
- Passport size photograph
- Signature
- Onboarding: After KYC, you need to share the following details to complete the onboarding process and start investing in mutual funds from Quant Money Managers Limited Onboarding:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the last 3 months
- Nominee details
Also read: Tata Mutual Fund for NRIs – A Comprehensive Overview of Schemes, NAV, and Performance
Top 10 Performing Quant Equity Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Quant Small Cap Fund Growth for NRI | 9,089 Cr | 1.8% | 183.75 | 38.61% | 44.55% |
| Quant Infrastructure Fund Growth for NRI | 980 Cr | 2.2% | 26.51 | 17.80% | 42.26% |
| Quant Mid Cap Fund Growth for NRI | 3,140 Cr | 1.9% | 167.91 | 28.86% | 38.16% |
| Quant Flexi Cap Fund Growth for NRI | 2,109 Cr | 2.0% | 71.67 | 19.45% | 32.78% |
| Quant Active Fund Growth for NRI | 6,108 Cr | 1.8% | 513.49 | 18.02% | 31.77% |
| Quant Large and Mid Cap Fund Growth for NRI | 1,111 Cr | 2.1% | 84.93 | 21.09% | 28.54% |
| Quant Focused fund Growth for NRI | 394 Cr | 2.4% | 65.58 | 17.34% | 25.15% |
| Quant Large Cap Fund Growth for NRI | 304 Cr | 2.4% | 11.12 | 14.94% | |
| Quant Value Fund Growth for NRI | 784 Cr | 2.3% | 13.23 | 24.49% | |
| Quant Quantamental Fund Growth for NRI | 1,056 Cr | 2.2% | 16.65 | 31.02% |
Also read: Best Equity Mutual Funds for NRIs to Invest in 2024
Top 3 Performing Quant Debt Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Quant Liquid Plan Growth for NRI | 596 Cr | 0.5% | 36.77 | 6.56% | 4.94% |
| Quant Gilt Fund Growth for NRI | 64 Cr | 1.4% | 10.45 | ||
| Quant Overnight Fund Growth for NRI | 59 Cr | 0.2% | 10.57 |
Also read: Best Debt Mutual Funds in India 2024 for Residents and NRIs/OCIs
Top 5 Performing Quant Hybrid Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Quant Multi Asset Fund Growth for NRI | 1,010 Cr | 2.1% | 94.16 | 11.77% | 26.38% |
| Quant Absolute Fund Growth for NRI | 1,378 Cr | 2.1% | 324.21 | 9.25% | 26.18% |
| Quant Dynamic Asset Allocation Fund Growth for NRI | 288 Cr | 2.4% | 11.69 | – | – |
Top Performing Quant Tax Savings Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Quant Tax Plan Growth for NRI | 4,925 Cr | 1.9% | 275.94 | 15.98% | 33.31% |
Also read: List of Top Performing Liquid Funds for NRIs in 2024
Customer Care Details
For any query regarding any schemes offered by Quant Mutual Fund, you can contact the following address:
- Registered Address: 6th Floor, Sea Breeze Building, Appa Saheb Marathe Marg, Prabhadevi, Mumbai – 400025. Branch Timing (9 am – 6 pm)
- Phone no: 022-62955000
- Email: [email protected]
Also read: HDFC Mutual Fund for NRIs – A Comprehensive Overview of Schemes, NAV, and Performance
How to Invest in Quant Mutual Funds as NRI?
NRIs can now download the SBNRI App and choose to invest in different Quant mutual funds for NRIs schemes from Quant Money Managers (QMML) in India with ease. You can also get detailed investment advice from experts at SBNRI. Also, visit our blog and YouTube channel for more details.
SBNRI is an authorized Mutual Fund Distributor platform & registered with the Association of Mutual Funds in India (AMFI). ARN No. 246671. NRIs willing to invest in mutual funds in India can download the SBNRI App to choose from 2,000+ mutual fund schemes or can connect with the SBNRI wealth team to better understand Mutual Fund investments.
FAQs
Can NRIs invest in Quant Money Managers (QMML) Mutual Funds?
- Yes, NRIs can invest in Quant Money Managers (QMML) Mutual Funds on a full repatriation and non-repatriation basis as long as they adhere to the Foreign Exchange Management Act (FEMA) guidelines. NRIs need to complete the KYC to invest in mutual funds in India.
How can NRI buy Mutual Funds from Quant Mutual Funds?
- Step 1: Set up an NRI Account: As per FEMA guidelines, after attaining the NRI status, you can’t park your money in a regular resident savings account in India and need to open an NRE or NRO account. Once the account is activated, you can start investing.
- Step 2: Get Your KYC Done: You need to complete the KYC process before starting investment in Quant mutual funds for NRIs in India.
Are Quant Mutual Fund’s schemes safe to invest in?
- Mutual funds are subject to market conditions and all market-linked investments come with a degree of risk. However, you can choose from low-risk to high-risk mutual funds to invest in as per your risk appetite and investing goals.
Which Quant Mutual Fund scheme is best for the short term?
- Generally, a short-term investment is ideal for up to 3 years. If you are planning short-term investment, consider Quant Mutual fund debt funds for NRIs. If your investment is up to three months, Quant Mutual Fund liquid funds for NRIs are ideal for you.
What is the taxation on Quant Debt Mutual Funds?
- The debt mutual fund tax has been changed with effect from April 1, 2023, after the Budget 2023 brought certain amendments. Debt mutual funds will no longer be allowed to avail of indexation benefits from FY 23-24. Any gains made on debt mutual funds investment will now attract taxation on applicable slab rates of the investor’s income bracket.
What are Debt funds vs. Equity Funds?
- Debt funds are mutual funds that invest money into fixed-income securities, corporate bonds, treasury bills, commercial papers, and more. On the other hand equity funds invest the money into stocks/shares of the company.
Are Quant debt mutual funds safer than Quant equity mutual funds?
- Debt funds invest in fixed-income securities, corporate bonds, treasury bills, commercial papers, and more while equity funds invest in stocks/shares of the company. This makes debt funds a relatively safer option as an investment than equity funds.
Are Quant equity mutual funds safer for NRIs?
- Equity mutual funds have high volatility and can be risky for investors. However, overseeing the returns generated by equity mutual funds for the past 15 years, these funds can be a great investment vehicle and offer great wealth-generation opportunities for NRIs.
Is Quant equity mutual funds safer than FD?
- Fixed deposits have a risk-free fixed income and are safer than equity mutual funds. However, as per the returns and growth opportunity, equity mutual funds look to be a better investment option for investors, residents, and NRIs alike.
What is the Quant liquid fund taxation for NRI?
- NRIs are liable to pay taxes on the capital gain earned from Liquid funds. The short-term capital gains for sell of liquid funds for a period under 3 years of holding are taxed at investor’s slab rates. After the Budget 2023 amendments, long-term capital gains won’t enjoy any indexation benefit and will be charged as per the investor’s slab rates removing the LTCG benefits altogether.
Can I invest from the USA in the Quant Mutual Fund?
- Yes an NRI can invest from the USA in India in various mutual fund schemes offered by Quant Mutual Funds for NRIs provided it complies with the FEMA Act, RBI guidelines, and SEBI guidelines.
Can NRI invest in SIP in Quant Mutual Fund in India?
- Yes, an NRI can invest in India through the SIP route in Quant Mutual Fund for NRI schemes. SIP stands for Systematic Investment Plan.
