NRI from all over the world (including U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹411.71
-0.12%
NAV as on 30 Apr 24, 12:00 AM
very high risk
aggressive allocation
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
aggressive allocation
equity
37.54%p.a.
Last 1Y
22.79%p.a.
Last 3Y
24.64%p.a.
Last 5Y
17.33%p.a.
Since Inception
About Quant Absolute Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Quant Absolute Fund Growth scheme from Quant Money Managers Limited. It is a Aggressive Allocation mutual fund scheme that predominantly invests in Aggressive Allocation stocks of companies. Launched on Feb 2001, Quant Absolute Fund Growth is Aggressive Allocation fund of its category with 1,868.85 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Aggressive Allocation funds.
- Quant Absolute Fund Growth delivered 37.5% annual returns during the last year. It has delivered 17.3% average annual returns since the fund was launched.
- Quant Absolute Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investments objective of the scheme is to generate income / capital appreciation by investing primarily in equity and equity related instruments with a moderate exposure to debt securities & money market instruments. There is no assurance that the investment objective of the Scheme will be realized.
Top 10 Holdings
Jio Financial Services Ltd
9.96%
Reliance Industries Ltd
9.92%
Adani Power Ltd
6.01%
Britannia Industries Ltd
5.80%
Jindal Steel & Power Ltd
5.27%
182 DTB 25072024
5.23%
364 DTB 26122024
5.08%
Life Insurance Corporation of India
5.00%
Future on Tata Consultancy Services Ltd
4.02%
Steel Authority Of India Ltd
3.79%
Fund Managers
- Sanjeev Sharma (Feb 2017 - Present)
- Vasav Sahgal (Jun 2019 - Present)
- Ankit A. Pande (May 2020 - Present)
Key Information
View Scheme Document
Quant Absolute Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Quant Absolute Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Quant Absolute Fund Growth?
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 of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Quant Absolute Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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SBI Equity Hybrid Fund Growth
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14.1%
ICICI Prudential Equity & Debt Fund Growth
very high risk | equity
25.9%
HDFC Hybrid Equity Fund Growth
very high risk | hybrid (nc)
16.4%
Frequently Asked Questions
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