Greeting To All Our Readers! 


NFO Alert- 

“IIFL Asset Management Company Limited launched a quant fund. The fund is open for subscription between November 8, 2021, and November 22, 2021”


Read below for more details about the NFO!


Basic Details About The NFO… 

  • Fund Name- IIFL Quant Fund.
  • Type- An open-ended equity scheme investing based on a quant theme.
  • Subscription open date- 8th November 2021
  • Subscription close date- 22nd November 2021
  • Benchmark- S&P BSE 200 TRI
  • Minimum Amount for Application during NFO- Rs 1000 and in multiples of Rs 100 after that.
  • Minimum Additional Purchase Amount- Rs 1000 and in multiples of Rs 1 after that.
  • Minimum SIP Amount- Rs. 1000 per month for a minimum period of six months.
  • Plans- Both Direct and Regular Plans are available
  • Options Available- Both Growth and Income Distribution Cum Capital Withdrawal Option (ICDW)


Investment Objective…….

The new NFO launched is an open-ended quant scheme (sectoral/thematic).

The investment objective of the scheme is to generate long-term capital appreciation for investors from a portfolio of equity and equity-related securities selected based on the quant theme. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.


Exit Load Trends In The NFO…… 

The fund has no entry load however it has different terms for exit load listed below:

  • If redeemed / switch-out units allotted before or on 12 months of allotment, 1% exit load will be charged.
  • If redeemed / switch-out after 12 months from the date of unit allotment, no exit load will be charged.



Asset Allocation Strategy………..

The investment policies of the Scheme shall be as per SEBI (Mutual Funds) Regulations, 1996, and within the following guidelines. Under normal market circumstances, the investment range would be as follows:




Fund Managers Of The NFO…….

The fund manager appointed to manage the asset allocation is Mr. Parajit Garg. He holds an experience of over 13 years in the financial services industry including algorithmic trading, stockbroking, and financial data services.



Who Should Invest In The NFO? 

This product is suitable for investors who are seeking:

  • Capital appreciation over a long period.
  • Investments in a dynamically managed portfolio of equity and equity-related instruments.


Note: Investors should consult their financial advisers if in doubt about whether the product is suitable for them or you can also get in touch with our executives for more suggestions. 


Keep reading our article and stay updated with the latest news about Mutual Funds!

For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.


Happy Investing!


(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).