Quant Mutual Fund launched Quant Gilt Fund on December 14, 2022, in its “Debt Scheme” category. This new fund offer (NFO) would be open for subscription till December 19, 2022. This is essentially an open-ended debt scheme that puts money in government securities.
The idea behind investing in this fund is to generate returns through investments in sovereign securities issued by the central government and/or state government. At least 80 percent of the scheme’s assets would be invested in government securities with the remaining being in G-Sec ETFs, other debt securities and money market instruments.
The minimum subscription amount is ₹5,000. However, investors must note that the asset management company (AMC) does not assure that the investment objectives of the scheme will be realised on maturity or redemption of the fund investment.
Investors may put money in this fund through a regular plan or a direct plan while choosing between growth and income distribution cum capital withdrawal (IDCW) options.
The fund will track the movement of the CRISIL Dynamic Gilt Index. This scheme has been identified as “Moderately Risky”, as per details shared in the Key Information Memorandum (KIM).
Sanjeev Sharma will oversee the operations of this fund established for investors looking to earn money by investing in government securities.