Quantum Gold Savings Fund is an open ended Funds of Funds 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 want to invest in Gold ETFs but are limited by – No Demat A/c. The Quantum Gold Savings Fund also provides investors with a simple way to regularly invest in gold through Systematic Investment Plans.

The investment objective of the Quantum Gold Savings Fund is to provide capital appreciation by predominantly investing in units of Quantum Gold Fund (ETF). 

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.

The investment policies of the Scheme shall be as per SEBI (Mutual Funds) Regulations, 1996, and within the following guideline. The asset allocation under the Scheme, under normal circumstances, will be as follows:

Instruments	Indicative Allocation (% to 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%	Low

* As the scheme invests 95% to 100% of the net assets into the units of Quantum Gold Fund, the scheme will, by and large, be a passively managed scheme.

Please note that the percentages above are only indicative and not absolute.

The Scheme would invest in money market instruments, short-term corporate debt securities, CBLO and units of debt and liquid schemes of mutual funds, in order to meet the liquidity requirements of the Scheme.

The above asset allocation is only indicative and may change from time to time, keeping in view the market conditions and applicable rules and regulations.

Since the Quantum Gold Savings Fund invests in the Quantum Gold Fund (ETF), which is benchmarked against the price of physical gold in the domestic market, the Quantum Gold Savings Fund will also be benchmarked against the price of physical gold in the domestic market.

Quantum Asset Management Company (AMC) uses the ‘passive’ approach to try and achieve the Scheme’s investment objective. The Quantum Gold Savings Fund (QGSF) would predominantly invest in units of the Quantum Gold Fund (ETF). The AMC does not make any judgments about the investment merit of Quantum Gold Fund nor will it attempt to apply any economic, financial or market analysis. Passive approach eliminates active management risks in regards to over / underperformance vis-à-vis the benchmark.

QGSF would endeavor to stay invested in the underlying fund to the maximum extent possible at all times. However, QGSF would also maintain some funds for meeting expenses and for redemption purposes, in order to meet the liquidity requirements prescribed in the Asset Allocation.

A Gold ETF is an open ended exchange traded fund (ETF) that uses gold as the underlying security. So, the value of the Gold ETF is derived from the value of underlying gold price. A gold ETF would be a passive investment and so, when gold prices move up, the ETF appreciates and when gold prices move down, the ETF loses value. To know more about Gold ETFs, please click here

• You do not require a Demat and Trading account: You can invest in Quantum Gold Savings Fund through the regular investment process without holding or opening a Demat or trading account. Thus, Only convenience! No annual maintenance charges! No brokerages charges! No transaction charges!


• Conveniently invest through SIPs: 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.


• Availability of add-on facilities: Through the Quantum Gold Savings Fund you can avail of facilities like Systematic Transfer Plan, Systematic Withdrawal Plan, Trigger facility etc, to give you complete control while investing with us.


• Liquidity: The Quantum Gold Savings Fund gives you complete flexibility while investing. You can choose to purchase or redeem your units from us (Quantum Asset Management Company Pvt Ltd) on all business days.


• Simple Investing: Choose the method that best suits you – invest through the physical mode or transact online.

Investing in gold through the Quantum Gold Savings Fund enables the investor to invest in cost effective manner as he will not have to incur the following charges applicable for investing through the dematerialized mode.

Example: If an investor subscribing Rs 50,000/- each in Gold ETF through the dematerialized mode and Gold Savings Fund through physical application would incur following charges :-

Charges	Gold ETF through Demat Mode	Gold Savings Fund through Physical Application Mode
Account Opening Charges	Nil	Nil
Annual Maintenance charges of Demat Account	Rs. 0-Rs. 1200	Nil
Delivery brokerage charges	Rs. 25-Rs.175	Nil
Transaction charges	Rs. 25	Nil
Annual Scheme Recurring Expenses*	Rs.500	Rs. 625**
Total	Rs. 550 – Rs. 1900	Rs. 625

We have assumed the delivery brokerage in the above example to be in the range of 0.05% to 0.35% and the charges may vary depending on various brokers. Charges like trading account opening charges, service tax, education cess, and stamp duty are applicable on the transactions in the demat form.

* Annual Scheme Recurring Expenses shown in the above table are as per the expense levied to Quantum Gold Fund ETF which is 1% p.a. as on March 28, 2011; thereby the expense charged to Quantum Gold Savings Fund would be 0.25% as the total expense under both the schemes would not exceed 1.25% p.a.

** Investment in QGSF 50000*0.25%+ QGSF Investing in QGF - ETF 50000*1%= 125+500=625

Taxation norms would apply as applicable for a Debt fund i.e. Short Term – As per prevailing investor tax slabs, and Long Term Capital Gains – 10% without indexation and 20% with indexation. Whereas for physical gold, the long term capital gain is applicable only after completion of 3 years of holding period.

Also, there is no wealth tax applicable for holdings in Quantum Gold Savings Fund whereas the same is applicable in case of physical gold holdings.

No, you will not be able to take delivery of physical gold, since the assets held by the Quantum Gold Savings Fund are units of the Quantum Gold Fund (ETF) and not physical gold. Please note that the Quantum Gold Fund (ETF) in turn invests in physical gold.

No, there will be no entry load for investments in Quantum Gold Savings Fund. However, an exit load of 1.5% will be charged if the investments are redeemed within 1 year from the date of investment.

• 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 Gold Savings 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 Gold Savings Fund" ), along with a certified copy of their PAN Card copy or KYC acknowledgement letter.

Organizations interested in investing in QGSF 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

Investors can invest in the Quantum Gold Savings Fund by making a lumpsum investment or through SIP.

Minimum Additional Amounts / Units	Rs. 500/- and multiples of Re.1/- thereafter / 50 Units.
Minimum Redemption Amount	Rs. 500/- and multiples of Re.1/- thereafter or account balance whichever is less / 50 units.

Yes. Investors can begin investing through the SIP route. Investors can also avail of the Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP) facility offered by the Quantum Gold Savings Fund.

SYSTEMATIC INVESTMENT PLAN (SIP)

Frequencies Available Under SIP	Daily	Weekly	Fortnightly	Monthly	Quarterly
Minimum Amount	Rs. 100/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter
Minimum No. of Installments / Instructions	132	25	13	6	4
Frequency of dates	All business days	5,7,15,21,25 & 28 of the month

SYSTEMATIC TRANSFER PLAN (STP)

Frequencies Available Under STP	Daily	Weekly	Fortnightly	Monthly	Quarterly
Minimum Amount	Rs. 100/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter
Minimum No. of Installments / Instructions	132	25	13	6	4
Frequency of dates	All business days	5,7,15,21,25 & 28 of the month
Minimum Balance to Start STP	Rs.5000/-

SYSTEMATIC WITHDRAWAL PLAN (SWP)

Frequencies Available Under SWP	Weekly	Fortnightly	Monthly	Quarterly
Minimum Amount	Rs. 500/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter
Minimum No. of Installments / Instructions	25	13	6	4
Frequency of dates	All business days	5,7,15,21,25 & 28 of the month
Minimum Balance to Start SWP	Rs.5000/-

Yes. Existing Quantum investors (only non ETF investors) have the option to switch part or all of their investments from their existing fund to the Quantum Gold Savings Fund, subject to terms and conditions of the respective schemes. The switch will be effected by way of redemption of units from one option of a scheme and a reinvestment of the redemption proceeds in the other option of such scheme. In order for the switch to be effective, it must comply with the redemption rules and issue rules of the Scheme.

No Investment Management Fee will be charged to the Quantum Gold Savings Fund. The total expenses charged to the Scheme shall not be more than 0.25% of the daily average net asset of the Scheme and underlying Scheme i.e. Quantum Gold Fund (ETF). For example, if expenses charged to Quantum Gold Fund are 1.00% of the daily average net assets, then the expenses charged to the Scheme will be 0.25% of the daily average net assets.