An Equity Linked Savings Scheme ( ELSS ), is a mutual fund scheme that invests in equity & equity related securities. It has a lock in period of 3 years. Therefore investments made in the scheme cannot be redeemed for a period of 3 years.

Investments in an ELSS scheme are eligible for a deduction under section 80C of the Income Tax Act, 1961. Quantum Tax Saving Fund is an open ended equity linked savings scheme.

PERFORMANCE	PPF	NSC	ELSS	Bank Fixed Deposits
Minimum Tenure (years)	15	6	3	5
Return	8.5%	8%	12-15%*	9.25% (depends on prevailing interest rate)
Tax Treatment	Tax Free	Interest Taxable	No tax on Dividend & Capital gains	Interest Taxable

Source: www.nsiindia.gov.in, www.sbi.co.in * Historical Returns on equities.Source - Bloomberg. Please read - "Two birds with one stone" for more details

We believe that there is no good or bad time to invest. Investors would be better served by saving and investing regularly and leaving the worries of managing the portfolio to the fund manager. Compounded returns tend to have a significant impact over long periods of time. So, the earlier one begins to invest in mutual funds, the better the returns could be.

We do not get carried away by the movements of various equity indices, on a day to day basis. We are focused on identifying individual stocks and buy them at prices that we are comfortable with. If the prices are too high, we do not buy them. We follow a disciplined research and investment process.

Quantum Mutual Fund is India’s first direct-to-investor mutual fund. Quantum Mutual Fund is focused on keeping costs low for investors. We do not charge entry loads nor do we pay commissions or incentives to distributors/agents. Stock picking and portfolio construction is process driven, and not based on the whims and fancies of the fund manager.

• Quantum Tax Saving Fund (QTSF) shall invest in equity and equity related securities. Historical Analysis shows that equities have the potential to earn higher returns than other asset classes over a longer period of time.
• Investments under Quantum Tax Saving Fund are eligible for tax benefits under section 80C of the Income Tax Act, 1961. By investing in QTSF, cash outgo in the form of taxes is reduced. Tax saved = money earned. The amount saved if compounded over long periods time can generate substantial additional networth.
• Lock in period of 3 years, can help reduce portfolio churn as the fund manager of the scheme need not readjust the portfolio to meet frequent redemptions. This can result in reduced recurring expenses and therefore positively impact the potential returns.

An illustration on the savings by investing QTSF is given below :

Taxable Income	Gross Tax Payable	Investment in QTSF u/s 80C	Tax Payable after QTSF Investment	Savings
				Amount	% to Investment
200,000	5,150	50,000	Nil	5,150	10.30%
300,000	15,450	100,000	5,150	10,300	10.30%
400,000	36,050	100,000	15,450	20,600	20.60%
500,000	56,650	100,000	36,050	20,600	20.60%
600,000	87,550	100,000	56,650	30,900	30.90%
800,000	149,350	100,000	118,450	30,900	30.90%
1,200,000	300,245	100,000	266,255	33,990	33.99%

All calculations are based on the current Income tax laws applicable to Individual and HUF assessees other than working women and senior citizens. The above table is pure for illustrative purposes. Please consult a tax advisor for specific tax implications. QTSF = Quantum Tax Saving Fund.

The fund would benchmark its performance to the BSE Sensex TRI (total returns index). We prefer the BSE Sensex Total Returns Index to the BSE Sensex as it offers a better comparison of performance. A TRI index includes the impact of all material facts- including dividends, other cash distributions and capital gains. The investor would naturally be entitled to such benefits. The BSE Sensex on the other hand only records the impact of the capital gains.

The scheme offers Growth Plan & Dividend Plan. The dividend plan in turn offers Dividend Payout & Dividend Reinvestment options.

The minimum purchase amount is Rs. 500 / - and in multiples of Rs. 500 / - thereafter

Existing Investors in Quantum Long Term Equity Fund and Quantum Liquid Fund can switch their units into Quantum Tax Saving Fund on an ongoing basis.

Yes, an investor can do SIP in Quantum Tax Saving Fund. The investors may opt to invest under the SIP. The SIP can be done in the following frequency in multiples of Rs 500/-.

• Daily 
• Weekly 
• Fortnightly
• Monthly
• Quarterly

• Investing Online without any paper work

Welcome to the paperless world of Quantum Mutual Fund. Investors can invest at any time at their convenience on the internet.

• Visit www.QuantumMF.com and click on the ‘Invest Online’ link, or click here to invest.
• Log on to "Invest Online" section on www.QuantumMF.com.
• Please click on "Investing with us for first time?"
• Please select the scheme you wish to invest and click on "Enter" on the right hand side of the screen.
• Please fill up the New Investor Detail Form and click on "Submit".
• Please accept the Terms and Condition for online transactions.
• Kindly fill in the required details in the "New Purchase Application Form" and create your user id and password (If you have already created an user ID , please give your credentials once again to proceed further)
• New Purchase Confirmation page with your details will be displayed.
• Purchase confirmation with the transaction reference number will be displayed.
• Please click on "Noted and Proceed" after checking the details and you will be redirected to the net banking portal of the selected bank.
• After successful payment a confirmation message will appear on the screen confirming the transaction.

You will also receive a pre-filled application form as per the details submitted by you online for your record.
We will compare the details submitted by you online with those submitted at the time of getting your KYC acknowledgement from CVL (CDSL Ventures Limited, the central repository for all KYC related documents).

You will have to generate a PIN online, which will be emailed to your at your registered email address upon verification of your details with CVL. A PIN is required to switch and redeem your investments in Quantum Mutual Fund. However, you can continue to make additional purchase in the same folio without PIN after making your first purchase online.
In case of any information on investing, please do contact our investor service helpdesk on our toll free number 1800-22-3863. We can also be reached at Customercare@QuantumAMC.com.

For Offline Investors

Investors who would like to invest in the Quantum Tax Saving Fund offline can download the Application form, complete it and submit it to any of the Collection Centers along with a cheque / demand draft, payable locally ( payable to "Quantum Tax Saving Fund" ), along with a certified copy of their PAN Card copy or KYC acknowledgement letter.

Organizations interested in investing in QTSF can refer to the checklist of documents required at the time of Offline Investing in the scheme

Documents	Companies	Trusts	Societies	Partnership	FIIs
Authorization to invest
List of authorized Signatories & specimen signatures
Memorandum & articles of Association
Trust Deed
Partnership Deed
Overseas auditor’s certificate
Notarised Power of Attorney
PAN/Form 49A/60/KYC letter

The following persons are eligible and may apply for subscription to the Units of the Scheme (subject, wherever relevant, to purchase of units of mutual funds being permitted under relevant statutory regulations and their respective constitutions):

• Resident adult individuals either singly or jointly (not exceeding three);or on an Anyone or Survivor basis
• A Hindu Undivided Family (HUF) through its Karta
• An Association of Persons or a body of individuals (as mentioned under the term “Assessee” in the ELSS) As the Scheme is floated as an Equity Linked Savings Scheme as per the ELSS, the following categories of investors will not qualify for the tax benefits under Section 80C of the Income Tax Act, 1961 (but are entitled to subscribe to Units):
• Minors through parent/legal guardian;
• Partnership Firms;
• Companies, Bodies Corporate, and societies registered under the Societies Registration Act,1860;
• Banks & Financial Institutions;
• Religious and Charitable Trusts, Wakfs or endowments of private trusts (subject to receipt of necessary approvals as required) and Private trusts authorised to invest in mutual fund schemes under their trust deeds;
• Non-Resident Indians (NRIs/) Persons of Indian origin residing abroad (PIO) on repatriation basis or on non-repatriation basis;
• Foreign Institutional Investors (FIIs) registered with SEBI on repatriation basis;
• Army, Air Force, Navy and other para-military units and bodies created by such institutions;
• Scientific and Industrial Research Organisations;
• Multilateral Funding Agencies/Bodies Corporate incorporated outside India with the permission of Government of India/Reserve Bank of India;
• Other schemes of Mutual Funds registered with SEBI subject to the conditions and limits prescribed by SEBI Regulations;
• Trustee, AMC or Sponsor or their associates may subscribe to Units under the Scheme;
• Such other individuals/institutions/body corporate etc., as may be decided by the Mutual Fund from time to time, so long as wherever applicable they are in conformity with SEBI Regulations.

Quantum Tax Saving Fund cannot be redeemed before the expiry of three years. In case of death of the investor, the nominee or legal heir can withdraw the investment, but only after completing one year from the date of allotment of the units to the unit holder.

Using the Net Banking facility you can purchase the Quantum Long Term Equity Fund, Quantum Tax Saving Fund, Quantum Equity Fund of Funds and the Quantum Liquid Fund from the following Banks:

• Allahabad Bank
• Axis Bank
• Andhra Bank
• Bank of Bahrain & Kuwait
• Bank of Baroda
• Bank of India
• Bank of Maharashtra
• Canara Bank
• Central Bank of India
• Citibank
• City Union Bank
• Corporation Bank
• Deutsche Bank
• Development Credit Bank
• Dhanlaxmi Bank
• Federal Bank
• HDFC Bank
• ICICI Bank
• IDBI Bank
• Indian Bank
• Indian Overseas NetBanking
• IndusInd Bank
• ING Vysya Bank
• Jammu & Kashmir Bank
• Karnataka Bank
• Karur Vysya Bank
• Kotak Bank
• Laxmi Vilas Bank
• Oriental Bank of Commerce
• Punjab National Bank Corporate Net Banking
• Punjab National Bank Retail Net Banking
• Punjab and Sind Bank
• Shamrao Vitthal Co-operative Bank
• South Indian Bank
• State Bank of Bikaner & Jaipur
• State Bank of Hyderabad
• State Bank of India
• State Bank of Indore
• State Bank of Mysore
• State Bank of Patiala
• State Bank of Travancore
• Syndicate Bank
• Tamilnad Mercantile Bank
• UCO Bank
• Union Bank of India
• United Bank of India
• Vijaya Bank
• Yes Bank