Quant Mutual Fund launches Quant Teck Fund.

Quant Mutual Fund has launched Quant Teck Fund, an open-ended equity scheme investing in technology-centric companies.

The performance of the scheme will be benchmarked against S&P BSE TECk TRI. Sandeep Tandon, Ankit Pande, Sanjeev Sharma, and Vasav Sahgal will manage the scheme.

According to the scheme information document, the investment objective of the scheme is to generate consistent returns by investing in equity and equity-related instruments of technology-centric companies.

The minimum application amount is Rs 5,000 plus in multiple of Re 1 thereafter. The minimum application amount for SIP is Rs 1,000 and multiple of Re 1. The scheme will offer regular and direct plans with growth and IDCW options.