Huge return of 51.56% in 1 year, this mutual fund scheme turned Rs 10 lakh into Rs 15 lakh
Country The confidence of common investors in mutual funds is continuously increasing. A record investment of Rs 41,887 crore has come in equity mutual funds in October. This is an increase of 21.7 percent on a monthly basis. Apart from this, investments coming from SIP also increased to a lifetime high of Rs 25,323 crore in October, compared to Rs 24,509 crore in September. Apart from monthly investment through SIP, you can also make lump sum investment in mutual funds. Today we are going to tell you about a mutual fund scheme whose direct plan has given a return of 51.56 percent in the last 1 year. But you have to take special care that in this way there is a lot of risk in a short period.
Quant Manufacturing Fund
Quant Manufacturing Fund is a sectoral fund, whose direct plan has given a strong return of 51.56 percent to investors in the last one year. In this way, the lump sum investment of Rs 10 lakh made a year ago in this scheme has become Rs 15.15 lakh today. The current NAV of Quant Manufacturing Fund is Rs 16.46. According to the data, the current fund size of this mutual fund scheme is Rs 1090 crore. The major holding companies of this fund include big names like ITC, Reliance Industries, Samvardhan Motherson International, Grasim Industries etc.
Quant Manufacturing Fund was launched in August, 2023
Let us tell you that Quant Manufacturing Fund was launched in August 2023. Since its launch, this fund has given a total return of 51.30 percent. In the last 6 months this fund has given a negative return of 10.60 percent and in the last 1 month this fund has given a negative return of 5.70 percent. Sharing the data of mutual fund investment on Monday, AMFI CEO Venkat Chalasani said that the number of retail folios has reached a historic level of 17.23 crore. The main contribution in this was the continuous increase in SIP accounts. The number of SIP accounts has now exceeded 10.12 crore.
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