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Quant Mutual Fund announced the launch of the Quant Healthcare Fund, an open-ended equity scheme investing in the healthcare sector.
The scheme opened for public subscription on June 27, 2023, and will close on July 11, 2023. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.
Q. What kind of mutual fund scheme is this?
This is an open-ended equity scheme investing in the healthcare sector.
Q. What is the main objective of investing in this fund?
The investment objective of the scheme is to seek long-term capital appreciation by investing in equity/equity-related instruments of companies from the healthcare sector. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Q. How may one invest in this scheme?
Investors can invest under the scheme with a minimum investment of ₹5000 per plan/option and in multiples of Re 1. There is no upper limit for investment.
Under normal circumstances, the asset allocation of the scheme will be as follows:
| Instruments | Indicative allocations (% of total assets) | Risk Profile | |
Minimum | Maximum | ||
Equity and Equity related instruments in the Healthcare space | 80% | 100% | Very High |
Equity and equity-related instruments other than Healthcare space | 0% | 20% | Very High |
Foreign securities including ADRs/GDRs/Foreign equity and debt securities and Overseas ETFs | 0% | 20% | Very High |
Debt & Money Market instruments | 0% | 20% | Low to Medium |
Units issued by REITs & InvITs | 0% | 5% | Very High |
Q. Are there similar mutual funds in the market?
To date, many asset management companies (AMCs) have launched such healthcare funds, thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index. These include:
Mutual Fund House | Name of the Fund |
DSP Mutual Fund | DSP Healthcare Fund |
SBI Mutual Fund | SBI Healthcare Opportunities Fund |
UTI Mutual Fund | UTI Healthcare Fund |
Aditya Birla Sun Life Mutual Fund | Aditya Birla Sun Life Pharma & Healthcare Fund |
ITI Mutual Fund | ITI Pharma & Healthcare Fund |
Mirae Asset Mutual Fund | Mirae Asset Healthcare Fund |
ICICI Prudential Mutual Fund | ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund |
IDBI Mutual Fund | IDBI Healthcare Fund |
| Source: MoneyControl | |
Q. How will the scheme benchmark its performance?
The performance of the scheme will be benchmarked against theS&P BSE Healthcare TRI.The scheme is an equity fund investing in the healthcare sector.The S&P BSE Healthcare TRI, the composition of the first-tier benchmark is such that it is most suited for comparing the performance of the scheme.
The Trustee reserves the right to change the benchmark if due to a change in market conditions, a different index /indices appears to provide a more appropriate basis for comparison of fund performance. The AMC reserves the right to change the benchmark in the future if a benchmark better suited to the investment objective of the scheme is available.
Q. Are there any entry or exit loads to this scheme?
This scheme involves no “Entry Load”, which means that investors do not have to pay anything to park their earnings in this scheme. The “Exit Load” is also “Nil”.
Q. Who will manage this scheme?
Sandeep Tandon,Ankit Pande,Sanjeev Sharma and Vasav Sahgal are the designated fund managers of this scheme.
Q. Does the fund contain any inherent risk?
The scheme involves “Very High Risk” as per the details mentioned in the Scheme Information Document and is best suited to investors willing to understand that their principal will be subject to very high risk only. However, investors should consult their financial advisors if they doubt whether the product is suitable for them.