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IIFL Mutual Fund (MF) has launched the IIFL Quant Fund, an open-ended equity scheme investing based on quant theme. The NFO opens for subscription on November 08, 2021 and closes on November 22, 2021. The Entry load is nil for the scheme. The Exit load will be 1%, if redeemed/switched out, on or before 12 months from the date of allotment. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against S&P BSE 200 TRI and its fund manager is Parijat Garg.

The investment objective of the scheme is to generate long term capital appreciation for investors from a portfolio of equity and equity related securities selected based on quant theme.