A Flexi-cap mutual fund SIP investment means the investors' money will be diversified in multiple equity funds without any restrictions of the company or stocks' market capitalization spectrum. Hence, the fund manager can invest in various large-cap, mid-cap, and small-cap stocks, and there will not be any particular regulation about the limitation of investment in any market capitalization.
The Quant Flexi Cap Fund - Direct Plan
The Quant Flexi Cap Fund - Direct Plan is one of the Flexi-cap mutual fund SIPs, available for investors, that have given considerably good returns in long term. The Quant Flexi Cap Fund's NAV stood at Rs. 64.8991, and its fund size is Rs. 39.3 Crore. The Expense ratio is 2.15%; however, the category average is 1.02%. So, this Expense ratio (ER) is certainly higher than the market average. ER is also referred to as the management expense ratio (MER). It is the measurement of assets, which is used for administrative and other operating expenses. Hence, a lower ER could fetch you better returns.
If you sell the fund after 1 year, you will have to give the long-term capital gain tax. In case your long-term capital gain crosses Rs. 1 lakh, the tax rate is 10%. Otherwise, if you sell the fund before 1 year, certainly the short-term capital gain tax will be applicable at the 15% tax rate.
Mutual fund and SIP Returns
Quant Flexi Cap Fund mutual fund's absolute returns have been best in long term. In the last 1 year return stood at 60.21%, in the last 2 years it has fetched 144.83% returns, in the last 3 years it has fetched 143.62% returns, and in the last 5 years, it has fetched 215.01% returns. Additionally, in the past 1 year, the Quant Flexi Cap Fund mutual fund's annualized returns stood at 60.21%, while the category average is 33.86%.
Quant Flexi Cap Fund SIP's absolute returns are also lucrative. In the last 1-year SIP return stood at 26.25 %, in the last 2 years it has fetched 82.63% returns, in the last 3 years it has fetched 106.04% returns, and in the last 5 years, it has fetched 122.75% returns. Annualized returns of this fund's SIP were 70.37% in the past 2 years, and 52.95% in the past 3 years.
The Quant Flexi Cap Fund's Portfolio Turnover Ratio stood at 491.00%, while the category average turnover ratio has been quoted at 122.93%, which makes the fund a lucrative option. This fund's equity holding is 95.04%, and 4.96% in others. The top 5 equity holdings of the Quant Flexi Cap Fund are, United Spirits Ltd. (Brew/distilleries), ITC Limited (Cigarettes), Adani Enterprises Ltd. (Trading), Reliance Industries Ltd. (Refineries/marketing), ICICI Bank. The Quant Flexi Cap Fund's Large Cap Investments are 66.37%, Mid Cap Investments are 13.77%, Small Cap Investments are 11.74%, and 3.15% in other funds.
Additionally, other available funds in the peer category are BOI AXA Flexi Cap Fund, PGIM India Flexi Cap Fund, IDBI Flexi Cap Fund, etc.
Investing in equities/mutual funds/SIPs poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article.
(Data mentioned as on January 14, 2022)