Rs 10,000 monthly SIP in this smallcap mutual fund turned into Rs 19 lakh in 5 years
economictimes.indiatimes.comQuant Small Cap Fund's growth is worth nearly Rs 19 lakh today.
Quant Small Cap Fund(G) which predominantly invests in smallcap stocks has given extended internal rate of returns (XIRR) of 49% according to data sourced from Ace Equities, earning Rs 13 lakh on the total investment of Rs 6 lakh made between February 10, 2019 and February 10, 2024. Meanwhile, the CAGR returns stand at 59%.
The scheme which was launched on October 29, 1996 is benchmarked against Nifty Smallcap 250 — TRI and has given returns at an XIRR of 35% while at a CAGR of 40% during this period.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-107712975»>About the fund
The scheme falls under the Smallcap Fund category and has a nil lock-in period. The primary investment objective of the scheme is to offer capital appreciation and provide long-term growth opportunities by investing in a portfolio of small Cap companies.
Investors looking for twin engines of quality and growth.
The mutual fund scheme allocates a minimum of 65% of equity and equity related instruments of small cap companies with smallcap allocation going up to 100%. Depending upon the market situation the fund may also allocate debt and money market securities which will not go beyond 35% of the total assets. The scheme also allows units issued by REITs and InvITs with a cap of 10% of the total assets.
New investors can invest with an amount of Rs 5,000 and any amount thereafter while for existing investors, Rs 1,000 and any amount
