3 mutual fund houses lead the charge with offerings in quant space

Quant funds are a unique offering in the MF space as the investment decisions are driven by a blend of active and passive strategies

Quantitative (quant) investing, which employs mathematical models to make investment decisions, is catching the fancy of domestic mutual funds (MFs).

Aditya Birla Sun Life (ABSL) MF is set to launch its fund in this category next month, while SBI MF and Motilal Oswal MF have filed papers with the regulator for approval.

The investing style, which MFs can offer through the thematic route, hasn’t gained much traction in India, even as the majority of the existing schemes have completed three years. There are eight schemes in the category managing around Rs 5,400 crore, which is just 0.2 per cent of