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  • What is the SMILE Facility?

    The SMILE facility enables an Investor, on the basis of his consent, to contribute some percentage of his/her Investment with Quantum Mutual Fund towards a charitable cause to any two NGO’s (maximum) registered with the "Help Your NGO" Foundation.

  • Who can opt for the SMILE Facility?

    Please refer to the table below for details on who can opt for this facility and the mode of availing for the facility.

    Investor CategoryExisting / New InvestorMode of Availing Facility
    Resident IndividualNew as well as ExistingOffline & Online
    HUFNew as well as ExistingOffline Only

    Note : This facility is available for non-demat investors only

  • Which are the eligible schemes for the SMILE Facility?

    Eligible Schemes for the SMILE Facility are:


    • Quantum Long Term Equity Fund,
    • Quantum Equity Fund of Funds,
    • Quantum Dynamic Bond Fund,
    • Quantum Multi Asset Fund
    • Quantum Gold Savings Fund


    Schemes Not Eligible for SMILE Facility are:


    • Quantum Liquid Fund
    • Quantum Tax Savings Fund
  • To which NGO’s can I contribute?

    a.  Sree Guruvayurappan Bhajan Samaj Trust - Unnati: Unnati is the flagship livelihood programme of the Sree Guruvayurappan Bhajan Samaj Trust in Bengaluru. It is a 50-day vocational training programme that helps economically underprivileged youth get an assured job. Students are put through 300 hours of instruction in their chosen vocation in addition to training in spoken English, computers, life skills and values. They have succeeded in placing 10,000 youth with various employers like the Tata Group, Westside, JP Morgan, Asian Paints, and others.


    b.  CanSupport: CanSupport was founded by a cancer survivor to help fight the disease, trauma and pain of cancer patients and their families. They organize home visits by doctors for patients too sick to go to hospital, run outpatient clinics, day care centres, a helpline and spread awareness of Government schemes for financial assistance. Their medical teams – each comprising a doctor, nurse and counselor, made 30,400 visits in FY16. They recorded more than 10,000 patient visits to their outpatient clinics. More than 4,000 children received weekly nutritional support, and nearly 1,000 patients received supportive medicines in FY16.


    c. Vidya Poshak: Vidya Poshak in Dharwad, Karnataka helps meritorious young students pursue their academic goals. They look for deserving students whose family income is less than Rs70,000 a year. Vidya Poshak’s team of volunteers visits the homes of potential students and assesses their need, and have made over 60,000 visits to date. Their Nurture Merit programme has provided financial assistance, library services and soft skills training to over 15,000 students so far. More than 2,500 unemployed graduates have been trained and placed successfully.


    d.  Fight Hunger Foundation: Fight Hunger Foundation works in partnership with Action against Hunger (ACF), the world’s leading NGO focusing solely on child malnutrition. Their goal is to see a hunger-free India, where one million children die from severe acute malnutrition each year. The NGO and its trained community health workers diagnose and treat malnutrition, work with communities to spread awareness and develop and test new formulae for feeding malnourished children. They currently work in Rajasthan, Madhya Pradesh and Maharashtra and have treated 5,000 children with their specially prepared Medical Nutritional Therapy and food baskets.


    e.  Parinaam Foundation: Parinaam caters to the needs of the poor by providing them with critical social services. They operate in 20 states across India. Their financial literacy programme for women has helped more than 4,00,000 economically disadvantaged women save more and access financial services. Their Urban Ultra Poor Programme tackles generational poverty by providing livelihood, healthcare, childcare and social services support to families in dire need. More than 5,000 families have benefited so far.


    f.  Make-A-Wish Foundation of India: Make-A-Wish Foundation of India is the India chapter of the world’s largest wish-granting organization. They grant the wishes of children with life-threatening medical conditions to give them hope and strength as they deal with their illnesses. The Foundation believes that having a wish fulfilled gives children a renewed energy to fight the disease they are battling. They have been able to grant over 39,000 wishes in India alone. People from professions as diverse as the armed forces and film celebrities collaborate to make these kids’ wishes come true.


    Note: This list is subject to change.

  • How many NGO can an investor opt for the SMILE Facility?

    An investor can opt for minimum 1 and maximum 2 NGOs for this facility.

  • How much can the investor contribute through SMILE Facility?

    An investor can opt for automatic redemption of 5 % or 10 % for the SMILE Facility.

  • How will the investor be able to contribute for this facility?

    Investors have to prescribe the percentage of contribution to be distributed to each NGO in the offline / online form. The contribution will be automatic, depending on the scheme sub-option opted for SMILE Facility.

    Incase the sub-option of the scheme opted for SMILE Facility is 'Growth' or 'Dividend Re-Investment'-
    A contribution of 5% or 10% (basis investor selection) will be done by the way of automatic redemption of units. The contribution will be deducted from the present holding of the investor under the folio opted for SMILE facility. The automatic redemption will happen every year on September 30.

    In case the sub-option of the scheme opted for SMILE Facility is 'Dividend Payout' -
    For every dividend paid to investor during the calendar year, there will be a contribution of 75% to the NGO on each dividend paid. In such cases there might be two scenarios as explained below -

    ScenarioContribution
    Incase the aggregated amount of contribution paid through the dividend declared during the calendar year is greater than the yearly contribution calculation of 5% or 10%No further contribution to be made to the HYNGO
    Incase the aggregated amount of contribution paid through the dividend declared during the calendar year is less than the yearly contribution calculation of 5% or 10%Contribution for the differential amount (to the NGO) will happen through automatic redemption post calculation done at the calendar year ending.

    Illustration of the calculation is as given below, Please see the addendum for details:

    For SMILE Facility availed for scheme having sub option as 'Growth' and 'Dividend Reinvestment':
    Holding as on September 30, 2017 is Rs. 1,000 and the investor has selected an option of 5% of the Value.

    5 % of Rs. 1,000 + load (if any) = Rs. 50 (will be deducted as partial redemption done automatically)

    For SMILE Facility availed for scheme having sub option as 'Dividend Payout':

    In case of Dividend Payout Option (if there is a Dividend Declaration) then - Higher of the following:

    75% of the Dividend Payout will be contributed to the selected NGO (s) by default

    OR

    5% or 10% as per the percentage selected by the investor on the total of the Investment Value as on September 30, 2017 and the Dividend paid during the period ended September 30, 2017 will be contributed to the selected NGO (s)

    Example for calculation in case of Dividend Payout Option :

    Holding as on September 30, 2017 is Rs. 1,000 and the total dividend to be paid to investor is Rs. 200 and assuming the percentage calculation selected is 5%.
    75% of the Dividend Payout will be contributed to the selected NGO (s)

    200 (Dividend) x 75% (of the Dividend payout) = Rs. 150

    5% or 10% as per the percentage selected by the investor on the total of the Investment Value as on September 30, 2017 and the Dividend paid during the period ended September 30, 2017 will be contributed to the selected NGO (s) (5% selected)

    Rs. 1,000 (Investment Value) + Rs. 200 (Dividend Payout) = Rs. 1,200 x 5% + load (if any) and applicable taxes = Rs. 60 + load and applicable taxes.

    Higher of the above is Rs. 150/- and thus the same will be contributed to the NGO(s).

    Taxes will be as applicable for the examples above.  

  • Will the contribution be deducted at the scheme level or the folio level?

    The percentage of contribution will be registered at folio level. However, the donation amount / contribution that you choose will be deducted at scheme level (basis the scheme opted by you). You may have multiple schemes, but you might have registered one of the schemes for SMILE facility.

  • Will there be an exit load charged during this automatic redemption / contribution?

    Yes. As the Contribution will be done by way of redemption of units, the same will be subject to exit load. The long term / short term capital gain tax as may be applicable depend on the nature of scheme and holding period of units.

  • Will there be any expenses to be incurred by investor on behalf of the NGO?

    HYNGO will retain 5% of the contribution amount from investor as fees for administration and due diligence cost.

  • How will the contributed amount be given to the NGO?

    The amount contributed by investors will be transferred to HYNGO Foundation bank account within 10 Business Days every year ended September 30, who in turn will contribute the amount to respective NGO’s as per investor choice.

    The amount of contribution will be in round integers or Rs. and not in paise decimals, with decimals upto 0.49 getting rounded off to the lower end and decimals from 0.50 rounding off to the higher end. Then HYNGO Foundation will transfer 95% of the funds to respective NGOs based on contribution option decided by the investors and will retain 5% of the funds as administrative and due diligence cost.

    HYNGO will procure a confirmation from the NGO that donation amount has been received from the donor.

  • Will the investor be given an acknowledgement from the HYNGO for the contribution done?

    As an investor and donor, you will receive confirmatory mails from HYNGO about receipt and transfer of the contributed amount to the NGO(s) chosen by you. 

  • Will there be any contribution made by AMC to HYNGO Foundation?

    The Management Fees excluding scheme expenses on SMILE units received by the AMC from Fund will be paid to HYNGO Foundation for operating and managing SMILE facility on behalf of the AMC.

  • Can the investor change the percentage contribution at any point of time?

    An investor can change the list of NGO and percentage of distribution at any point of time. However, the amount will be distributed according to the latest details registered as on September 30 or at the time of dividend payout.

  • How can I register for SMILE facility?

    You can do a registration for the SMILE Facility either Offline or Online.

    Offline: You have to fill the SMILE Facility Form indicating the Registration option.

    Online: Login with your user id/PAN and password/OTP on the Invest Online Portal > Click on SMILE Facility under Non-Commercial Transactions Tab > Complete the procedure.

  • Can I modify / cancel the SMILE registered details?

    Yes. You may submit an offline form for modification / cancellation of the registered SMILE. You can also do this through your invest online login under the section Non- Commercial Transactions > SMILE Facility.

  • Will the investor receive any communication post registration/ modification/cancellation of the SMILE Facility?

    Yes. The investor will receive an email as well as an SMS confirmation post any registration/ modification/cancellation.

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