Quant Mutual Fund Files Draft Papers With Sebi for an Index Fund, Its Second Passive Fund

Quant Mutual Fund is expanding into passive investing with a new index fund tracking large and mid-cap Indian equities.

Here is what the Quant Nifty 100 Index Fund covers and who will manage it.

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What the Fund Will Track

The Quant Nifty 100 Index Fund will aim to replicate, before expenses, the total returns of the securities represented by the Nifty 100 Index, subject to tracking error, and will be benchmarked against the Nifty 100 Total Return Index covering large and mid-cap stocks.

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Quant's Second Step Into Passive Investing

The Quant Nifty 100 Index Fund will be Quant Mutual Fund's second passive product, following its existing silver ETF, and will be managed by Sameer Kate, Sanjeev Sharma and Yug Tibrewal. The scheme remains subject to Sebi's approval before it can open for subscription.

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FAQs

What is the Quant Nifty 100 Index Fund?

Ans. It is a new passive index fund for which Quant Mutual Fund has filed draft documents with Sebi, aiming to track the Nifty 100 Index.

Which index will the Quant Nifty 100 Index Fund track?

Ans. It will aim to replicate the total returns of the Nifty 100 Index, benchmarked against the Nifty 100 Total Return Index.

Is this Quant Mutual Fund's first passive product?

Ans. No, it is the fund house's second passive offering; Quant Mutual Fund currently also offers a silver ETF.

Who will manage the Quant Nifty 100 Index Fund?

Ans. The fund will be managed by Sameer Kate, Sanjeev Sharma and Yug Tibrewal.

Has Sebi approved the Quant Nifty 100 Index Fund yet?

Ans. No, the scheme remains subject to Sebi's approval based on the filed draft documents.

What kind of stocks does the Nifty 100 Index cover?

Ans. The Nifty 100 Index covers large and mid-cap segments of the Indian equity market.