What is the Investment Objective of the Quantum Equity Fund of Funds?
The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of open-ended diversified equity schemes of mutual funds registered with SEBI. There can be no assurance of positive returns from following the stated investment strategy
Tell me more about the Quantum Equity Fund of Funds or QEFOF.
Fund of Funds is a mutual fund scheme investing in schemes of other mutual funds. It uses its expertise in identifying schemes and fund houses for investments. The expertise reduces the risk of wrong selection of funds. It also reduces the hassles of making multiple investments.
Equity Fund of Funds will invest in equity schemes of other mutual funds.
Quantum Equity Fund of Funds - QEFOF is an Open ended Equity Fund of Funds scheme. The fund will be investing in 5-10 diversified equity schemes of third party mutual funds. Open Ended Scheme means it is open for purchase and redemption on all business days. Investors can conveniently buy and sell units at Net Asset Value ("NAV”) based prices offering complete liquidity.
It is pertinent to note that Quantum Mutual Fund is India’s first and only Direct to Investor fund house and does not pay any commission whatsoever to distributors. Not paying commissions decreases the expense of most of our schemes and thereby adds to the returns of the schemes (subject to performance).
It is a suitable option for investors who have no time to do research on various equity funds and track their performance.
Some attributes of QEFOF other than the complete transparency we offer and the convenience of Investing Online without any paperwork are;
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QEFOF uses intensive fundamental analysis both quantitative and qualitative for fund selection. |
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QEFOF monitors the portfolio regularly but not so as to engage in excessive churning. |
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QEFOF controls risk by keeping portfolio adequately diversified. |
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QEFOF gives exposure to diverse fund management styles. |
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QEFOF helps to invest without bias - fund house bias and star fund manager bias. |
What are the different options/facilities available under the Quantum Equity Fund of Funds?
The scheme offers Growth Option and Dividend Option.
If you decide to opt for the dividend option, you would again have to choose one of the facilities: Dividend Payout or Dividend Reinvestment.
What are the different features available under the Quantum Equity Fund of Funds?
Where will the Quantum Equity Fund of Funds invest? What is the Current portfolio?
Quantum Equity Fund of Funds may invest in the following Instruments:
| Instruments |
Indicative allocations(% of Total Assets) |
Risk Profile |
|
Minimum |
Maximum |
|
Open-ended diversified equity schemes of mutual funds registered with SEBI.
|
90% |
100% |
high |
| Money Market Instruments |
0% |
10% |
Low to Medium |
Quantum Equity Fund of Funds will follow a comprehensive research methodology which comprises of quantitative and qualitative analysis.
Quantitative analysis: Here the focus will be on the performance of the schemes across time frames and market cycles.
Qualitative analysis: The qualitative parameters will largely judge the fund on the parameters like fund house’s investment systems and processes and consistency in characteristics of its portfolio among others. Funds that emerge as the top performers on both the above parameters shall form part of the final portfolio.
Click here to view the current portfolio of the Quantum Equity Fund of Funds..
Can I hold the units in Demat mode under Quantum Equity Fund of Funds?
Yes, there is an option to hold the units in dematerialized mode.
To avail the same you should have a Demat/beneficiary account with a DP and need to mention all the details of your account no. and DP while filling the application form.
Also please note that SIP is allowed in Demat mode BUT Switch in/ Switch out/ Systematic Withdrawal Plan/ Systematic Transfer Plan are currently not available in the demat mode.
Click here to view the FAQs on Demat.
Tell me more about the NAV applicability and cut-off timing of the Quantum Equity Fund of Funds.
NAV applicability refers to the NAV at which a transaction is affected. A cut-off time is set by the fund and all investments or redemptions are processed at that particular NAV. This NAV is relevant if the application is received before that cut-off time on a day. A different NAV holds if received thereafter. Every Mutual fund follows standard cut-off timing depending on the scheme type which is in compliance with SEBI guidelines.
To know more about the NAV applicability and cut-off timings of the Quantum Equity Fund of Funds
please click here.
What is the Minimum amount I need to invest or redeem in the Quantum Equity Fund of Funds?
Please refer below table for the minimum amount required to invest or redeem in the Quantum Equity Fund of Funds.
| Minimum Amount |
Amount in Rs. |
Initial Investment
|
Rs. 500/- and multiples of Rs. 1/- thereafter |
| Additional Investment |
Rs. 500/- and multiples of Rs. 1/- thereafter / 50 units |
| Redemption/ Switch Out |
Rs. 500/- and multiples of Rs. 1 thereafter OR
account balance whichever is less / 50 units |
What are the entry and exit loads for the Quantum Equity Fund of Funds, why does it impose an exit load?
Entry Load: NIL*
* Not Applicable (In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 it has been notified that, w.e.f. August 01, 2009 there will be no entry load charged to the schemes of any Mutual Fund.)
It should be noted that Quantum Mutual Fund has not charged Entry Load for any of its schemes since inception. We were one of the first mutual funds in India to launch schemes with no entry load, much prior to SEBI discontinuing the same.
The exit load is 1.5 % if the investments are redeemed Within 1 year from the date of allotment.
The scheme is intended for investors with a long term investment horizon. The exit load is imposed to discourage investors who may buy and sell frequently which will adversely impact the returns of the other investors. Investors who have stayed invested for at least 1 year will not be charged any exit load.
Click here to read our article on "High exit loads actually work for you!"
What is the current expense ratio of the Quantum Equity Fund of Funds?
Current expense ratio of the Quantum Equity Fund of Funds is 0.5% p.a. with effect from May 03, 2013.
We have one of the lowest expense ratios in Mutual Fund industry because we are direct to investor fund house and does not pay any commission to distributors.
Click here to read our article on “pays to stay direct.”
Who is managing the Quantum Equity Fund of Funds?
How has the Quantum Equity Fund of Funds performed?
What is the Benchmark of the Quantum Equity Fund of Funds? Why?
The scheme would be benchmarked to the BSE 200 Index. The Scheme proposes to invest in underlying equity schemes, which are diversified across market-segments and sectors. A large portion of these investments will happen in diversified equity schemes ranging from large cap, mid cap to flexi cap variety. Since BSE 200 Index
captures the combination of large cap and mid cap stocks along with diversification, the performance of the Scheme will be benchmarked against BSE 200 Index.
Tell me about the Tax implications if I invest in the Quantum Equity Fund of Funds.
How do I invest in the Quantum Equity Fund of Funds?
PLEASE NOTE THAT YOU SHOULD BE KYC COMPLIANT TO INVEST WITH US.
Click here to know more about KYC.
You can invest in our Schemes through the following three modes:
1. Online : Through internet transacting facility
2. Offline : Directly by submitting physical transactions
3. Through the stock exchange platform
Choose your preferred mode and click on the below links to read more and invest with us.
Who can and cannot invest in the the Quantum Tax Saving Fund?
Disclaimer, Statutory details and risk factors;
Mutual fund investments are subject to market risks read all scheme related documents carefully. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the schemes objective will be achieved and the NAV of the scheme(s) may go up and down depending upon the factors and forces affecting securities market. Investment in mutual fund units involves investment risk such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the sponsor / AMC / Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited Investment Manager: Quantum Asset Management Company Private Limited. The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956. Scheme Specific Risk Factor - The investors of the Scheme will bear the recurring expenses, transaction charges and loads if any of the Schemes in addition to the expenses, transaction charges and loads of the underlying Schemes.
