What is the Investment Objective of the Quantum Gold Savings Fund?
The investment objective of the Scheme is to provide capital appreciation by predominantly investing in units of Quantum Gold Fund – Exchange Traded Fund (QGF).
The performance of the Scheme may differ from that of Quantum Gold Fund and the domestic prices of gold due to expenses and certain other factors.
There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Tell me more about the Quantum Gold Savings Fund or QSGF.
Fund of Fund is a mutual fund scheme investing in schemes of other mutual funds.
Quantum Gold Savings Fund - QGSF
is an open ended Funds of Fund scheme that invests in units of the Quantum Gold Fund (ETF), which in turn invests in physical gold. It is an ideal investment vehicle if you do not have a demat account and want to invest in Gold ETFs. The Quantum Gold Savings Fund also provides investors with a simple way to regularly invest in gold through Systematic Investment Plans. You can invest through the regular investment process without holding or opening a Demat account.
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).
Investors looking to add Gold under their current portfolio and do not have Demat account should directly invest in QGSF. Some attributes of QGSF other than the complete transparency we offer and the convenience of Investing Online without any paperwork are;
||QGSF gives Convenience through SIP facility. Systematic Investment Plan (SIP) allows you to start investing in the Quantum Gold Savings Fund for as little as Rs 500/- per month. SIPs help you to invest in a disciplined manner and thus generate wealth over the long term.
||QGSF helps to diversify your investments across third asset class which is GOLD other than Equity and Fixed Investments or Bonds.
||QGSF takes away your worry about quality of Gold as it invests in Quantum Gold Fund where the gold is sourced from London Bullion Market Association approved refiners.
||QGSF takes away your worry about storage and thefts as the fund house takes care of all risks of storage and safety for a minimal expense ratio.
What are the different options/facilities available under Quantum Gold Savings Fund?
The scheme offers only Growth Option.
What are the different features available under Quantum Gold Savings Fund?
Where will the Quantum Gold Savings Fund invest? What is the Current portfolio?
Quantum Gold Savings Fund may invest in the following Instruments:
||Indicative Allocation (% of Net Assets)
||Risk Profile |
|Units of Quantum Gold Fund
||95% to 100%
||Medium to High|
|Money Market instruments, Short-term Corporate debt securities, CBLO and units of Debt and Liquid Schemes of Mutual Funds
||0% to 5%
The AMC uses ‘passive’ approach to try and achieve the Scheme’s investment objective. The Scheme would predominantly invest in the units of Quantum Gold Fund. Quantum Gold Fund which is the underlying investment of this Scheme endeavors to track domestic prices of gold by investments in physical gold.
Click here to view the current portfolio of the Quantum Gold Savings Fund
Can I hold the units in Demat mode under the Quantum Gold Savings Fund?
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 Gold Savings Fund.
To know more about the NAV/price applicability and related concepts please click here
What is the Minimum amount I need to invest or redeem in the Quantum Gold Savings Fund?
||Amount in Rs.|
||Rs. 500/- and multiples of Rs. 1/- thereafter|
||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 Gold Savings Fund, 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 more on “High exit loads actually work for you!?”
What is the current expense ratio of the Quantum Gold Savings Fund?
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.
Our current expense ratio is 0.25% p.a. with effect from May 19, 2011.
Click here to read our article on “pays to stay direct.”
Who is managing the Quantum Gold Savings Fund?
How has the Quantum Gold Savings Fund performed?
What is the Benchmark of the Quantum Gold Savings Fund? Why?
The scheme’s performance will be benchmarked against the price of physical gold in the domestic market. The Benchmark has been selected as the Scheme being Fund of Fund scheme predominantly investing in Quantum Gold Fund – Exchange Traded Fund investing in physical gold. Therefore, the aforesaid benchmark is most suited for comparing performance of the Scheme.
Tell me about the Tax implications if I invest in the Quantum Gold Savings Fund.
How do I invest in the Quantum Gold Savings Fund?
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 Gold Savings 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.