Quant Mutual Fund, which finds itself in the thick of a controversy regarding alleged front-running, is one of India's fastest growing asset managers and has seen its assets under management (AUM) grow by 251% over the last one year versus industry growth of 53%. The schemes of this fund house have not just outperformed their benchmarks but have also given superior returns over their peers in different categories.
Quant Mutual Funds’ total assets under management from all schemes at the end of May 2024 stood at Rs 84,030 crore, up from Rs 23,956 crore as on May 31, 2023. It was at just Rs 225 crore in May 2019. This is a staggering 37,246% jump in five years.
Meanwhile, the net AUM of equity oriented schemes as on May 31, 2024 for the industry stood at Rs 25.39 lakh crore this May versus Rs 16.56 lakh crore in the same month of the previous year. It was at Rs 7.24 lakh crore as on May 31, 2019. The industry AUM growth has been 250% in the said period.
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ETMutualFunds examines how Quant funds performed in different categories vis-a-vis their peers in the respective categories, their benchmarks. The report also highlights the top three funds in each category covered.
Quant Small Cap Fund(G) delivered 66.16% returns over a 1-year period which was the second highest in the category. While the returns trailed those given by Bandhan Small Cap Fund (69%), they were slightly ahead of ITI Small Cap Fund
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