Quant funds are suitable for savvy investors with equity portfolio

A few fund houses are in the process of launching quant-based schemes to remove human bias in stock-picking. DSP Mutual Fund’s (MF’s) DSP Quant Fund opened for subscription on May 20 and will close on June 3. ICICI Prudential MF has filed draft offer for its quant-based scheme with the Securities and Exchange Board of India (Sebi). Quant-based schemes have a data-driven approach to stock-picking. They create a model on various parameters that automatically selects stocks. The idea is to free stock-picking from human intervention. The fund manager usually focuses on the robust.....
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