{"id":11179,"date":"2022-04-26T08:27:01","date_gmt":"2022-04-26T08:27:01","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=11179"},"modified":"2022-10-19T10:08:09","modified_gmt":"2022-10-19T04:38:09","slug":"what-are-quant-based-mutual-funds","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/","title":{"rendered":"What are Quant Based Mutual Funds?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69e7510374340\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69e7510374340\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#How_does_Quant_Based_Mutual_Fund_Work_in_the_Market\" title=\"How does Quant Based Mutual Fund Work in the Market?\">How does Quant Based Mutual Fund Work in the Market?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#Quant_Funds_-_Working_Process\" title=\"Quant Funds &#8211; Working Process\">Quant Funds &#8211; Working Process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#What_are_the_6_Major_Quant_Mutual_Funds_in_India\" title=\"What are the 6 Major Quant Mutual Funds in India?\">What are the 6 Major Quant Mutual Funds in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#What_are_the_Key_Attributes_of_Quant_Mutual_Funds\" title=\"What are the Key Attributes of Quant Mutual Funds?\">What are the Key Attributes of Quant Mutual Funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#What_are_the_Risks_of_Investing_in_Quant_Mutual_Funds\" title=\"What are the Risks of Investing in Quant Mutual Funds?\">What are the Risks of Investing in Quant Mutual Funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#How_does_an_average_quant_fund_perform\" title=\"How does an average quant fund perform?\">How does an average quant fund perform?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#KYC_Required_To_Invest_In_Quant_Mutual_Fund\" title=\"KYC Required To Invest In Quant Mutual Fund\">KYC Required To Invest In Quant Mutual Fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#Should_you_invest_in_quant_mutual_funds\" title=\"Should you invest in quant mutual funds?\">Should you invest in quant mutual funds?<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#Should_I_invest_in_a_quant_active_fund\" title=\"Should I invest in a quant active fund?\">Should I invest in a quant active fund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#How_safe_is_it_to_invest_in_quant_based_mutual_funds\" title=\"How safe is it to invest in quant based mutual funds?\">How safe is it to invest in quant based mutual funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#Who_manages_quant_mutual_funds\" title=\"Who manages quant mutual funds?\">Who manages quant mutual funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#Which_are_the_best_quant_funds_to_invest\" title=\"Which are the best quant funds to invest?\">Which are the best quant funds to invest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#Is_the_quant_multi-asset_fund_a_risky_investment\" title=\"Is the quant multi-asset fund a risky investment?\">Is the quant multi-asset fund a risky investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/#Interested_in_how_we_think_about_the_markets\" title=\"Interested in how we think about the markets?\">Interested in how we think about the markets?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>Quant mutual funds are a category of mutual funds where investing patterns are formed with hardly any human involvement. This is achieved via artificial intelligence (AI) and algorithmic trading. As a consequence, they mitigate the element of human inaccuracy in speculation like emotional and other behavioral biases.<\/p>\n<p>&nbsp;<\/p>\n<p>Now that you know the meaning of quant funds, let us dive into their dynamics, associated shortcomings, and if investors should include them in their portfolios.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/kuvera.in\/explore\/fixed-deposit\/c\/all\"><img loading=\"lazy\" class=\"size-large wp-image-13417 aligncenter\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-1024x334.jpg\" sizes=\"(max-width: 640px) 100vw, 640px\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-1024x334.jpg 1024w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-300x98.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-768x250.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022.jpg 1080w\" alt=\"Online Fixed Deposits on Kuvera\" width=\"640\" height=\"209\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"How_does_Quant_Based_Mutual_Fund_Work_in_the_Market\"><\/span>How does Quant Based Mutual Fund Work in the Market?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p>A <a href=\"https:\/\/kuvera.in\/explore\/mf\/c\/all\">quant mutual fund<\/a> bases its investment judgments on sophisticated mathematical models. Managers identify investment opportunities using algorithms. Nowadays, investors prefer quantitative research as AI systems provide reports within minutes after analyzing billions of market data .<\/p>\n<p>The automated system can also determine the entry and exit points. However, quant funds in India are not entirely bereft of a fund manager. As of today, only index funds run on complete automation.<\/p>\n<p><span style=\"font-weight: 400;\">The fund managers are in charge of monitoring and developing the portfolio strategy from the beneficial options suggested by the automated system. In addition to mutual funds, some hedge fund managers apply quantitative models to create new portfolios. These funds narrow down a portfolio of equities using rule-based investing.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Quant_Funds_-_Working_Process\"><\/span>Quant Funds &#8211; Working Process<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The fund manager&#8217;s involvement in such funds is limited because the fund picks <a href=\"https:\/\/kuvera.in\/explore\/stocks\/c\/all\">stocks portfolio<\/a> using several predetermined filters. Periodically, the fund managers examine the model and, if required, make changes.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">According to a survey by Morningstar in 2015, 65% of alpha stems from broad market variables such as value, momentum, yield, volatility, liquidity, and size (mainly quantitative factor-based investing). In contrast, the remaining 35% comes from best stock selection (fundamental analytics &amp; human judgment).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Because their management techniques deviate from human fund managers, quant funds in India are sometimes categorized as alternative investments. These funds often operate at a reduced cost since they do not require as many traditional analysts and portfolio managers to function.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0However, because of the increased securities turnover, their trading expenses tend to be higher than those of typical funds. They are generally more complicated than regular funds, and commonly target high net-worth clients or have stringent fund entry criteria.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Some investors regard them<\/span> <span style=\"font-weight: 400;\">as among the most creative and technically advanced options in the financial market. They cover a broad spectrum of themed investing strategies and frequently use some of the industry&#8217;s most state-of-the-art technology.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Because of the complexity of their models, some of the best quant funds keep a careful watch on risk management. Most strategies begin with a benchmark and then weigh sectors and industries in their models. This gives the funds some control over diversification.<\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"What_are_the_6_Major_Quant_Mutual_Funds_in_India\"><\/span>What are the 6 Major Quant Mutual Funds in India?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>There are six quant funds in India &#8211; DSP Quant Fund, ICICI Prudential Quant Fund, Nippon Quant Fund, Quant Quantamental Fund, SBI Equity Minimum Variance Fund and <a href=\"https:\/\/kuvera.in\/explore\/mf\/l\/tata-quant-growth--TAQFGZ-GR\">Tata Quant Fund<\/a>. These six best quant funds together control Rs 990 crore worth of assets. Lately, quant-based funds in the form of smart-beta funds have been introduced, which use either a small subset (equal weight\/low volatility) or multiple parameters such as quality, size, etc.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>DSP Quant Fund<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/kuvera.in\/explore\/mf\/l\/dsp-quant-growth--DS872-GR\">DSP Quant Growth fund<\/a> avoids firms with huge debts, inefficient capital allocation, or stocks with a high volatility index. Companies are examined in the second stage based on variables such as quality (return on equity, earnings, etc.), value (dividend yield, free cash flow yield, etc.), and growth (estimated earnings growth, etc.). Following that, each chosen stock is correctly weighted to decrease stock and sector concentration and liquidity risk.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>ICICI Prudential Quant Fund<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">To select equities, <a href=\"https:\/\/kuvera.in\/explore\/mf\/l\/icici-prudential-quant-growth--IC9639-GR\">ICICI Prudential Quant Fund<\/a> employs a three-step methodology. In the first stage, it removes those stocks that don\u2019t fulfill the parameters&#8217; requirements. In the second stage, it shortlists firms based on economic, fundamental, and technological aspects. Finally, it computes a composite score for each business by assigning equal weights to each characteristic and constructs a 30-60 stocks portfolio.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>Nippon Quant Fund<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/kuvera.in\/explore\/mf\/l\/nippon-india-quant-growth--QDPG-GR\">Nippon India Quant Funds<\/a> is an actively managed fund that invests in equities using a proprietary system-based approach. The model shortlists 30-35 stocks from the S&amp;P BSE 200 index using a screening method at predetermined periods, i.e. quarterly. Stocks are chosen based on valuation, earnings, price, momentum, and quality.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>Quant Quantamental Fund<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Quant has introduced a new fund called <a href=\"https:\/\/app.kuvera.in\/explore\/mf\/l\/quant-quantamental-growth--QUQMDG-GR\">Quantamental Fund<\/a>, which selects companies using a combination of fundamental, quantitative, predictive, and behavioral analytics. The fund would invest up to 20% of its assets in foreign stocks. It employs the Valuation Liquidity Analytics, Risk Appetite Analytics, and Time (VLRT) framework to choose equities. When deciding on stock allocation, it considers a variety of indicators such as liquidity, market breadth, equity flow, volatility indices, equity ETF flows, selling intensity, risk appetite, bearish bets, fear index, and long buildup indicator, and so on.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>SBI Equity Minimum Variance Fund<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This <a href=\"https:\/\/kuvera.in\/explore\/mf\/l\/sbi-equity-minimum-variance-growth--SBD575G-GR\">SBI Equity funds<\/a> invests in a diverse basket of firms in the Nifty 50 Index to reduce portfolio volatility. The metrics utilized for stock selection and weighting are risk and factor-based criteria such as portfolio volatility, correlation, and covariance.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>Tata Quant Fund<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/kuvera.in\/explore\/mf\/l\/tata-quant-growth--TAQFGZ-GR\">Tata Quant Growth Direct<\/a> Fund employs a multi-factor investing strategy. It has Artificial Intelligence modules that adjust factor strategy dynamically based on market conditions. The fund examines historical economic data such as GDP and interest rates and market circumstances such as index returns.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It employs a machine-learning algorithm to forecast which factor combination will outperform in the coming month. It rebalances the portfolio regularly based on the most recent economic and market data. This fund promises to be adaptable in portfolio selection, learning from changing economic and market situations and making its conclusion regarding the ideal portfolio.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"What_are_the_Key_Attributes_of_Quant_Mutual_Funds\"><\/span>What are the Key Attributes of Quant Mutual Funds?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>In the past few years, the credit for tremendous popularity of quant based funds goes to big data solutions and easy access to an excellent range of market data. When presented with a lot of quantitative information, they are still efficient and accurate.<\/p>\n<p>&nbsp;<\/p>\n<p>The paradigm shifts in technological innovation, especially automation, have also had a strong in\ufb02uence on the rise of quant funds by extending the quantity of data on which they can work. It allowed them to get sufficient feeds to analyze possibilities and susceptibility thoroughly. Quants employ proprietary models to improve their chances of outperforming the market.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Predictable Outcomes<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The outputs are typically predictable and highly observable because the portfolio follows a conventional model (similar to a McDonald&#8217;s outlet). Also, unlike other actively managed mutual funds, they are not reliant on individual investment managers&#8217; market outlook.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>Scalable<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Because they are designed following extensive testing and prototyping, they are proven to be scalable. Designs are exclusively made for a specific market with an intent to scale the market.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Empirical bias\u00a0<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">These models are solely based on historical data analyzed by verified statistical tools. As a result, market disturbances or unexpected variable movement (such as inconsistency in capital flows or false movement due to incorrect data inputs) may cause them to act differently and produce undesirable results.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Risk of Black Box approach\u00a0<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Fund managers are highly protective of their plans, and they rarely discuss the design or workings of the same. Because they are sometimes cloaked in secrecy, quant funds lack clarity for investors compared to regular funds.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"What_are_the_Risks_of_Investing_in_Quant_Mutual_Funds\"><\/span>What are the Risks of Investing in Quant Mutual Funds?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>Once a model is built, quant mutual funds adhere to the strategy&#8217;s recommendations. In extraordinary cases, such as a corporate takeover, they act by adding or deleting stocks. It is entirely process-oriented and devoid of fund management bias.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>It\u2019s either heavy gains or losses<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The process must be visible to investors or else it can be tampered. Behind every successful quant fund, there is another one that fails too. Unfortunately for their credibility, any collapse can lead to heavy losses.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>Qualitative aspects are overlooked<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Quant-based models rely only on pre-defined parameters for stock selection. If a high-potential stock does not meet this criteria, the model will reject it. Furthermore, the model may overlook qualitative information like managerial quality, internal procedures, and other non-quantifiable assets. The fund managers of an actively managed plan, on the other hand, can capture such nuances through their skill, research, experience, and instinct.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>New market-patterns are not immediately recognised<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Equity markets are inherently volatile. As a result, the quant-model will take time to acknowledge new market patterns. This lag in adjusting will result in a delay in action which may impact returns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><strong>Can still be prone to inaccuracies<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">These funds aim to minimize human interaction in the screening process to mitigate the negative consequences of numerous behavioral biases. However, the model was created by humans, so they are anyways prone to inaccuracies.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>Same decisions taken by many investors<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Many people believe that as AI technology advances, quant-based models will be the way to invest in the future. However,<\/span> <span style=\"font-weight: 400;\">with automated systems reaching the same conclusion, all the investors would take the same decision which might affect the financial market.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>History doesn\u2019t always have to repeat<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Even the best quant funds can fail because they draw inferences primarily from previous events, which don\u2019t always have to repeat. While a skilled quant team will regularly add new features to the models to forecast future occurrences, it isn&#8217;t easy to foresee the future with 100% accuracy. These funds might become overburdened when the economy experiences above average volatility. Because the signals come so fast, high turnover can result in hefty commissions and taxable events.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><strong>Not viable for short-term investments<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Quant based\u00a0 funds can be risky if they are touted as bear-proof or based on short-term tactics. Forecasting downturns with derivatives and stacking leverage can be risky. A single incorrect turn can trigger implications, which often make the headlines.<\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"How_does_an_average_quant_fund_perform\"><\/span>How does an average quant fund perform?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Thousands of trading signals are available in <a href=\"https:\/\/kuvera.in\/explore\/funds\/quant\">quant active fund<\/a> programming and quantitative algorithms, ranging from economic data points to trending global asset values and real-time corporate news.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Quant funds are also recognized for developing complex models based on momentum, quality, value, and financial strength via proprietary algorithms created by robust software programmers.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Because of the gains they have made over the years, these funds have sparked a lot of curiosity in investment circles. However, according to research by Institutional Investor, the gains have been reducing since 2016. The equity quant index increased by 10.2% in 2010, 15.3% in 2011, 8.8% in 2012, 14.7% in 2013, 10.4% in 2014, and 9.2% in 2015.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"KYC_Required_To_Invest_In_Quant_Mutual_Fund\"><\/span>KYC Required To Invest In Quant Mutual Fund<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">KYC is an abbreviation for \u2018Know Your Customer.\u2019 It aids in verifying an investment with the necessary documents. SEBI has established rules for KYC. Before investing in a SEBI-registered mutual fund company, an investor must complete the KYC procedure.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A KYC form will include your identification, residence, financial condition, employment, and demographics.<\/span><\/p>\n<p>Kuvera can help you with your KYC. Resident Indians and PIOs residing in India must provide the following KYC documents:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">Photograph<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\">Address evidence<span style=\"font-weight: 400;\"> for Pan Card (Aadhar Card (Both Front &amp; Back) \/ Driving License\/ Passport\/ Voter ID Card)<\/span><\/li>\n<li aria-level=\"1\">Letter of Authorization for KYC<span style=\"font-weight: 400;\">: Please write &#8220;I authorize Kuvera to perform my mutual fund KYC&#8221; on a piece of paper and sign underneath it.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Selfie Video: <span style=\"font-weight: 400;\">Face the camera for 5 seconds and record a video.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Should_you_invest_in_quant_mutual_funds\"><\/span>Should you invest in quant mutual funds?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>Quant funds<span style=\"font-weight: 400;\"> are only appropriate for long-term investors because the model&#8217;s strategy may take time to pay off fully. If you understand the underlying risk, they can be a part of\u00a0 your portfolio, with total ownership not exceeding 10-15%.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Actively managed and diversified equity funds have performed well in generating fair alpha for investors. As a result, to get the best risk-adjusted returns, you should consider investing in a well-diversified portfolio of actively managed equity funds using the &#8216;Core &amp; Satellite&#8217; strategy.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The &#8216;Core&#8217; holding should account for around 65-70% of your stock mutual fund portfolio and should include a Large-cap Fund, Flexi-cap Fund, and Value Fund\/Contra Fund. The portfolio&#8217;s &#8216;Satellite&#8217; holdings, including a Mid-cap Fund and an Aggressive Hybrid\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Quant Funds, can range between 30-35%.<\/span><span style=\"font-weight: 400;\">By correctly picking schemes and structuring the portfolio between the Core and Satellite sections, you will be able to bring stability to the portfolio while strategically increasing its returns.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Should_I_invest_in_a_quant_active_fund\"><\/span>Should I invest in a quant active fund?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This fund has always outshone others. In active funds, multi cap funds form a major portion of investment in India by standing at 93.18%. This is followed by 37.24% in big size companies, 13.46% in <a href=\"https:\/\/kuvera.in\/blog\/mid-cap-stocks\/\">mid cap stocks<\/a>, and 28.38% in <a href=\"https:\/\/kuvera.in\/blog\/features-and-benefits-of-small-cap-stocks\/\">small cap stocks<\/a>.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"How_safe_is_it_to_invest_in_quant_based_mutual_funds\"><\/span>How safe is it to invest in quant based mutual funds?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Compared to other mutual funds, quant mutual funds have shown excellent potential for <a href=\"https:\/\/kuvera.in\/blog\/what-are-the-best-mutual-funds-for-long-term-investors\/\">long term investment<\/a> options.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Who_manages_quant_mutual_funds\"><\/span>Who manages quant mutual funds?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>According to the Investment Management Agreement, the Trustee Company has designated the quant Money Managers Limited to look after the mutual funds.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Which_are_the_best_quant_funds_to_invest\"><\/span>Which are the best quant funds to invest?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>Quant tax plan fund, quant active fund, <a href=\"https:\/\/kuvera.in\/explore\/mf\/c\/all\/equity\">quant equity fund<\/a>, quant mid cap fund and quant-flexi cap fund\u00a0 are some of the best options available. These schemes are known for suggesting well-diversified portfolios of companies with the aim of generating capital gains.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Is_the_quant_multi-asset_fund_a_risky_investment\"><\/span>Is the quant multi-asset fund a risky investment?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Yes. Compared to other quant mutual funds, the risk element is high in quant multi-asset funds. It\u2019s a grouping of asset classes like cash, gold, real estate, equities and bonds used as an investment. Apart from this, quant multi-asset fund <\/span><span style=\"font-weight: 400;\">has 10.3% investment in debt and government securities.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Interested_in_how_we_think_about_the_markets\"><\/span>Interested in how we think about the markets?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Read more: <a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>Watch\/hear on YouTube:<\/p>\n<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }<\/style>\n<div class=\"embed-container\"><iframe src=\"https:\/\/www.youtube.com\/embed\/zqqZ-kEvx9U\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit <a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a> to discover <a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and <strong><a href=\"https:\/\/kuvera.in\/explore\/fixed-deposit\/c\/all\">Fixed Deposits<\/a><\/strong> and <a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai #KuveraSabseSahiHai!<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n\n<table id=\"tablepress-2103\" class=\"tablepress tablepress-id-2103\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\"><\/th><th class=\"column-2\">Top Asset Management Companies<\/th><th class=\"column-3\"><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/idfc\">IDFC Mutual Fund<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/quant\">Quant Mutual Fund<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/canara\">Canara Robeco Mutual Fund<\/a><\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/tata\">Tata Mutual Fund<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/dsp\">DSP Mutual Fund<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/uti\">UTI Mutual Fund<\/a><\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/whiteoak\">Whiteoak Mutual Fund<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/motilal\">Motilal Oswal Mutual Fund<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/mirae\">Mirae Asset Mutual Fund<\/a><\/td>\n<\/tr>\n<tr class=\"row-5 odd\">\n\t<td class=\"column-1\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/icici\">ICICI Prudential Mutual Fund<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/hdfc\">HDFC Mutual Fund<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/absl\">Aditya Birla Sunlife Mutual Fund<\/a><\/td>\n<\/tr>\n<tr class=\"row-6 even\">\n\t<td class=\"column-1\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/barodabnpparibas\">Baroda BNP Paribas Mutual Fund<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/invesco\">Invesco Mutual Funds<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/jm\">JM Financial Mutual Funds<\/a><\/td>\n<\/tr>\n<tr class=\"row-7 odd\">\n\t<td class=\"column-1\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/tata\">Tata Mutual Funds<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/nippon\">Nippon Mutual Funds<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/franklin\">Franklin Templeton Mutual Funds<\/a><\/td>\n<\/tr>\n<tr class=\"row-8 even\">\n\t<td class=\"column-1\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/sundaram\">Sundaram Mutual Fund<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/edelweiss\">Edelweiss Mutual Funds<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/l_t\">L&amp;T Mutual Funds<\/a><\/td>\n<\/tr>\n<tr class=\"row-9 odd\">\n\t<td class=\"column-1\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/axis\">Axis Mutual Fund<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/kotak\">Kotak Mutual Fund<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/lic\">LIC Mutual Fund<\/a><\/td>\n<\/tr>\n<tr class=\"row-10 even\">\n\t<td class=\"column-1\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/dsp\">DSP Mutual Fund<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/iifl\">IIFL Mutual Fund<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/kuvera.in\/explore\/funds\/parag\">Parag Parikh Mutual Funds<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-2103 from cache -->\n","protected":false},"excerpt":{"rendered":"<p>Quant mutual funds are a category of mutual funds where investing patterns are formed with hardly any human involvement. This is achieved via artificial intelligence (AI) and algorithmic trading. As a consequence, they mitigate the element of human inaccuracy in speculation like emotional and other behavioral biases. &nbsp; Now that you know the meaning of [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/what-are-quant-based-mutual-funds\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":11181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[240,672],"tags":[677,673,674,676,388,678,675],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Quant Mutual Funds ? 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