Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Quant Fund

Aditya Birla Sun Life has launched Aditya Birla Sun Life Quant Fund, an open-ended equity scheme following Quant-based investment theme.

The New Fund Offer (NFO) is open for subscription and will close on June 24. The scheme will reopen for continuous sale and repurchase within five business days from date of allotment.

The fund will be benchmarked against Nifty 200 TRI. The scheme will be managed by Harish Krishnan.


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The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity related securities based on quant model themes. The minimum investment amount is Rs 500 and in multiples of Re 1 thereafter.

For redemption / switch-out of units on or before 90 days from the date of allotment, an exit load of 0.50% is applicable. For redemption / switch-out of units after 90 days from the date of allotment, the exit load will be nil.

The scheme will invest 80-100% in equity and equity related instruments based on quant model theme, 0-20% in equity and equity related instruments other than quant model theme, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs.

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“In today's complex markets, we believe quantitative investment strategies can offer valuable advantages such as improved transparency, emotion-free decision making and robust risk management. The quant fund aims to leverage the combined strengths of human expertise and quantitative models to provide investors with a differentiated investment solution. The Aditya Birla Sun Life Quant Fund, will deliver these benefits to investors through a rigorous, research-driven approach for an innovative investment process powered by tech and guided by wisdom,” said A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life Mutual Fund.

“This is the first such offering from our fund house, we will start by narrowing the universe of stocks such that they fall in the large and midcap category. Next, we will evaluate the quality of stocks based on their fundamental track record. Post this, we will look at the relative returns generated in the last 6 months of this universe and then look at the composite score assigned by various sell-side analysts. Ultimately, we will arrive at a portfolio comprising 40-50 stocks by first applying equal weight to all and then skew the weight of individual stocks basis low volatility,” said Harish Krishnan, Co-CIO and Head Equity, Aditya Birla Sun Life Mutual Fund.