“Our AUM is lifetime high, NAVs are lifetime high. So, participation and investors have really supported us in difficult times when the noise or narrative was there. So, we continue to put in our efforts to generate superior risk adjusted-return the way we have been doing our dynamic style of money management and we have been reasonably successful in generating this sort of alpha for over 80 lakh investors now, the polios which we have,” said the CEO.
The fund house has seen a net outflow of Rs 696 crore and the net equity outflow was recorded at Rs 877 crore.
“In the last three weeks, we have received net outflows of Rs 696 crore and net equity outflows of Rs 877 crore (1% of AUM) against our current AUM of INR 94,000 crore+, which is at an all-time high (ATH),” said in the mail communication.
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Quant Mutual Fund has been quite cautious on the private sector bank not only for the last few months, it has been for the last many quarters.
Commenting on the outlook for IT sector CEO said, “We have been, I will not say I am extraordinarily bullish in this space because we see that risk adjusted opportunities are far superior in other sector because this is a more of a pullback rally, more of a reflex rally, I will not call it that something has changed from a longer-term perspective. So, we are constructive, but we are not as optimistic for the sector as it was there in September 2023.”