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India, 10 Nov 2021

IIFL Asset Management launches IIFL Quant Fund

NFO opens on 8th November 2021, and closes on 22nd November 2021

Key highlights of the fund:

  • An Open-ended equity fund, based on quant theme;

  • Provides exposure to Top 200 stocks by market-cap and liquidity;

  • Suitable for investors seeking long-term capital growth
  • Minimum investment required during NFO is INR 1,000 and in multiples of INR 100/- thereafter

IIFL Asset Management today announced the launch of IIFL Quant Fund. This fund is an actively-reviewed, quantitative rule-based fund. The fund aims to invest in quality stocks that show secular growth or defensive characteristics with a disciplined approach to portfolio construction. The IIFL Quant Fund will have periodic rebalancing and review. The New Fund Offer (NFO) opens on 8th November 2021 and closes on 22nd November 2021. The fund will be managed by Parijat Garg, Fund Manager, IIFL AMC.

The investment objective of the fund is to generate long term capital appreciation for investors from a portfolio of equity and equity-related securities based on Quant theme. Quality stocks will be screened, based on quantitative portfolio construction methods and techniques. IIFL Quant Fund provides investors with an opportunity to take exposure across multiple sectors.

As this fund is based on Quantitative rules, it is mainly driven by investment process over discretion, thereby avoiding market cap and behavioural biases. Further, the methodology and portfolio construction of the fund are back-tested across time periods and validated. The benchmark for this fund will be S&P BSE 200 TRI.

Commenting on the IIFL Quant Fund, Manoj Shenoy, CEO, IIFL AMC, said, “The Passive+ approach that the fund follows is based on multiple quantitative factors that have been back-tested and historically proven to improve stock selection capabilities. The model has a fundamental basis with parameters clearly laid out and relies on a defined process while applying the same across a set of comparable stocks.”

Parijat Garg, Fund Manager, IIFL AMC, said, “Based on a quantitative model, the strategies of the IIFL Quant Fund are fully systematic and rule-based and would have additional filters for selecting quality momentum stocks. The fund universe will include the Top 200 stocks by market cap and liquidity.”

Disclaimer:

Mutual fund investments are subject to market risks, read all scheme related documents carefully.

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