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Quantum Long Term Equity Fund reduces its Expense Ratio
Posted On Friday, Jun 04, 2010
Press Release
For Immediate Dissemination
03 June 2010, Mumbai:
Quantum Mutual Fund, India's 1st direct to investor mutual fund recently announced a reduced expense ratio for their Quantum Long Term Equity Fund.
Beginning June 1, 2010 the Quantum Long Term Equity Fund’s expense ratio has been reduced from 2.05% to 1.5%.
“Quantum Mutual Fund has always aimed to enhance investor benefit, by adopting a direct to investor approach. The reduction in the expense ratio of our flagship product will ensure better returns to investors, with more of their subscription money actually getting invested,” said Jimmy A Patel, Chief Executive Officer, Quantum Mutual Fund.
Commenting on the need to keep investor benefit at the forefront, Ajit Dayal, Director, Quantum Mutual Fund, said, “The Quantum Long Term Equity Fund endeavors to focus on a disciplined and structured investment process that follows the "value” style of investing which, we believe, offer investors sustainable long-term returns with sensible risks.
“The Quantum philosophy is clear: we will always work for the benefit of the investors and focus on keeping costs low. There will never be any compromise on that. We are the smallest mutual fund in terms of Assets under Management and, yet, our performance numbers have been fairly consistent: We tend to be ranked in the Top 25% of our peer group for many time periods. I am shocked to see that equity funds with assets under management of thousands of crores of rupees have expense ratios that are higher than our expense ratio. Mutual funds with larger assets should have lower expense ratios – that is the benefit of operational leverage: spreading your fixed costs over a larger pool of fund assets. But that is clearly not the case. It would be interesting to see how much of those expenses are payments made to distributors – payments made from the pockets of the investors. Quantum Mutual Fund’s commitment is to help you invest your savings in low-cost, sensible products. This is evident from our simple and easy-to-understand mutual fund products which you can buy directly on our website or on the stock exchange. I hope you will walk with us along the Path to Profit!”
Quantum Mutual Fund products are available on the mutual fund trading platforms (NSE MFSS and BSE StAR MF) and, to add to your convenience, there are application collection points at 212 Karvy centres across the country. Investors can also transact online www.QuantumAMC.com.
Investment Objective: Quantum Long – Term Equity Fund’s (QLTEF) investment objective 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. Asset Allocation: QLTEF will primarily invest in Equity and Equity related securities, but may invest in money market instruments and liquid schemes of mutual funds to meet liquidity needs. Terms of Issue: QLTEF is an open-ended Equity Scheme offering Growth and Dividend Options. The units can be subscribed/redeemed at the applicable NAV, subject to applicable load on all business days. Entry Load: N.A. Exit Load: On repurchase/redemption/switchout within 6 months of allotment- 4%, after 6 months but within 12 months of allotment- 3%, after 12 months but within 18 months of allotment-2%, after 18 months but within 24 months of allotment-1%, after 24 months of allotment-Nil. Risk Factors: All Mutual Funds and securities investments are subject to market risks including uncertainty of dividend distributions and the NAV of the schemes may go up or down depending upon the factors and forces affecting securities markets and there is no assurance or guarantee that the objectives of the scheme will be achieved. Quantum Long –Term Equity Fund, is the name of the scheme and does not in any manner indicate either the quality of the Scheme, its future prospects or returns. Scheme specific risk: Equity and Equity related instruments are by nature volatile and prone to price fluctuations due to both macro and micro factors. The Investor may lose money over short or long period due to fluctuation in Scheme’s NAV in response to factors such as economic and political developments, changes in interest rates and market movement and over longer periods during market downturns. Trading volumes, settlement periods and transfer procedures may restrict the liquidity of these investments of the QLTEF. Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsors: 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 (AMC). The Sponsor, Trustee and the Investment Manager are incorporated under the Companies Act, 1956. The past performance of the Sponsor / AMC/ Fund has no bearing on the expected performance of the scheme. Mutual Funds investments are subject to market risks. Please read the Scheme Information Document(s) / Key Information Memorandum(s) / Statement of Additional Information / Addendas carefully before investing. Scheme Information Document(s) /Key Information Memorandum(s)/ Statement of Additional Information can be obtained at any of our Investor Service Centers or at the office of the AMC 505, Regent Chambers, 5th Floor, Nariman Point, Mumbai – 400 021 or on AMC website www.QuantumAMC.Com / www.QuantumMF.com
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