Quantum Index Fund (An open-ended Exchange Traded Fund)   Now Listed on NSE with symbol  QNIFTY

The Quantum Index Fund (Symbol - QNIFTY) is an Open Ended Fund, which is listed on the National Stock Exchange in the form of an Exchange Traded Fund (ETF) tracking the S&P CNX Nifty Index.

The Quantum Index Fund (QIF) seeks to offer investors an innovative and cost-efficient way to invest in the S&P CNX Nifty Index and attempts to achieve returns equivalent to the Nifty through “passive” investments. The investment objective of the Quantum Index Fund is to provide returns that, before expenses, closely correspond to the returns provided by the S & P CNX Nifty Index.

Through the lower cost of operations, QIF would endeavour to provide investors an excellent means of asset allocation. Each unit of QIF will be approximately equal to 1/10th (one tenth) of the S & P CNX Nifty. For example, an investor can buy the QIF units for as low as approximately Rs. 400.00 per unit if the Nifty value is at 4,000.

Direct purchases of units from the Fund would be restricted to Authorised Participants and Eligible investors (the investor who can subscribe or redeem units in Creation Unit Size of minimum 2000 units) only. Authorised Participants and Eligible Investors can buy/redeem in Creation Unit size directly from the Fund on a business days. Direct purchase from the Fund by retail investors would not be permitted. Presently the creation unit size is 2,000 units.