What is the Investment Objective of the Quantum Long Term Equity Fund?
The investment objective of the scheme is to achieve long-term capital appreciation by investing primarily in shares of companies that will typically be included in the BSE 200 Index and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets.
Tell me more about the Quantum Long Term Equity Fund or QLTEF.
There is a saying in the world of investing, which is "higher the risk, higher the gain". This is very significant when we speak of investing in the stock markets or Equities. Over the long term (5 years or more) Equities tends to give better returns to the investor, which also goes with the inherent risk of investing in Equities. For example over the last 10 years the BSE Sensex has given returns in the range on 18-20% (Source Bloomberg), which is probably higher than other vehicles of investment. However, we know how unpredictable the markets can be, hence sound investment strategies like a bottom-up stock selection process can be used to minimize risk. Click here to read more
Quantum Long Term Equity Fund -QLTEF
is an open ended equity scheme which is a diversified equity fund
. By this we mean that QLTEF invests in shares of various companies across sectors and is not a sector - specific fund. 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).
Investors with a long term time horizon and looking for diversification across shares of various sector companies can invest in QLTEF. Some attributes of QLTEF other than the complete transparency we offer and the convenience of Investing Online without any paperwork are;
• QLTEF follows disciplined research and investment process.
• QLTEF consists of a well balanced portfolio - typically 25 to 40 stocks, across sectors.
• QLTEF has a low portfolio turnover which helps in keeping the expense ratio low.
• QLTEF holds shares or cash when stock are overvalued - No derivatives and No hedging.
What are the different options/facilities available under the Quantum Long Term Equity Fund?
Quantum Long Term Equity Fund 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.Dividend history of the scheme
We have not paid out dividends since our Inception, but, we do know how to manage your money, and manage it well – our NAV has nearly doubled, and our expense ratios have moved down – ensuring you of even better returns. Click here to read our article on "We invite you to declare your own Dividend".
What are the different features available under the Quantum Long Term Equity Fund?
Where will Quantum Long Term Equity Fund invest? What is the Current portfolio?
Quantum Long Term Equity Fund may invest in the following Instruments:
||Normal allocation (% of Net Assets)
||Minimum allocation(% of Net Assets)
||Maximum allocation (% of Net Assets)
|Listed Equity & Equity Related Securities of Companies
||95% - 99%
|Unlisted Equity & Equity Related Securities of Companies
||0% - 3%
|Money Market Instruments
||1% - 5%
|Liquid Schemes of Mutual Funds
||0% - 5%
The investment strategy of the scheme will be to invest in a basket of stocks after using intensive fundamental analysis, both quantitative and qualitative, monitor the portfolio actively but not so as to engage in excessive trading, and control risk by keeping the portfolio adequately diversified. Click here to view the current portfolio of the Quantum Long Term Equity Fund
Can I hold the units of the Quantum Long Term Equity Fund in Demat mode?
Yes, there is an option to hold the units of the Quantum Long Term Equity Fund 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 timings of the Quantum Long Term Equity Fund.
NAV applicability refers to the NAV at which a transaction is effected. 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 a standard cut-off timing depending on the scheme type which are in compliance with SEBI guidelines.
To know more about the NAV applicability and cut-off timings of the Quantum Long Term Equity Fund please click here
What is the Minimum amount I need to invest or redeem in the Quantum Long Term Equity Fund?
Please refer below table for the minimum amount required to invest or redeem in the Quantum Long Term Equity Fund.
||Amount in Rs.|
||Rs. 500/- and multiples of Re. 1/- thereafter|
||Rs. 500/- and multiples of Re. 1/- thereafter / 50 units|
|Redemption/ Switch Out
||Rs. 500/- and multiples of Re. 1 thereafter OR account balance whichever is less / 50 units|
What are the entry and exit loads for the Quantum Long Term Equity Fund, why does it impose an exit load?
Load structure for the Quantum Long Term Equity Fund is mentioned below:
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.Exit Loads
are applicable as follows:
|Repurchase/ Redemption/Switch Out
|within 6 months from the date of allotment
||4.00 % on the applicable NAV|
|after 6 months but within 12 months from the date of allotment
||3.00 % on the applicable NAV|
|after 12 months but within 18 months from the date of allotment
||2.00 % on the applicable NAV|
|after 18 months but within 24 months from the date of allotment
||1.00 % on the applicable NAV|
|after 24 months 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 can adversely impact the returns of the other investors. The exit loads are applied on a variable basis depending on the term of the investment. Investors who have stayed invested for at least 2 years 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 Long Term Equity Fund?
Current expense ratio of the Quantum Long Term Equity Fund is 1.25% p.a. with effect from June 1, 2011
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 Long Term Equity Fund?
How has the Quantum Long Term Equity Fund performed?
What is the Benchmark for the Quantum Long Term Equity Fund? Why?
The Benchmark Index for the Quantum Long Term Equity Fund is BSE 30 Total Return Index (TRI). It appropriately represents the returns from the BSE 30 Sensex since it includes the dividend received from the BSE 30 companies. The Scheme's portfolio has a bias towards high liquidity stocks. BSE 30 TRI therefore makes a good benchmark as it comprises large cap stocks which are highly liquid.
Tell me about the Tax implications if I invest in the Quantum Long Term Equity Fund.
How do I invest in the Quantum Long Term Equity 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 platformChoose your preferred mode and click on the below links to read more and invest with us.
Who can and cannot invest in the Quantum Long Term Equity 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.