IIFL Asset Management has launched 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 to portfolio construction.
The IIFL Quant Fund will have periodic rebalancing and review. The New Fund Offer (NFO) opens on November 8, 2021, and closes on November 22, 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.
The fund will provide exposure to the top 200 stocks by market-cap and liquidity.
