Answering more of your questions about our Regular Plans

In the market, there are both upfront commissions and trail commissions being paid. At Quantum, there is no upfront commission being paid, only trail. This improves as the number of years that the investor remains with Quantum increases.

The commission structure for the Quantum Long Term Equity Fund and the Quantum Tax Saving Fund is:

For Quantum Liquid Fund (QLF) commission is 0.05% and for other funds it is 0.10%.
Commissions stated are excluding service tax and any other statutory levies, which will be borne by investors of the Regular Plan and Quantum AMC as per the table above. For Regular Plan investors, any payouts above 0.15% will be borne by Quantum AMC.

Yes, at Quantum they are the same for all distributors/brokers. In keeping with our philosophy of being a low cost fund, the commission structures proposed in the above table are amongst the lowest in the industry, if not the lowest. The aim is not to make distributors rich, but to compensate them fairly for their advice and for the expenses which they may bear. Further, the distributor doesn't get rewarded if he switches investments in and out of our funds, but only if investors' savings remain with us for the long term: the distributor earns higher commission only after completion of 24 months, thereby encouraging the culture of long-term investing.

Yes, at Quantum they are covered entirely in the Total Expense Ratio of each financial year. Kindly refer to the above table for the same.

There will be a difference of 0.15% to 0.25% as mentioned in the above table. The normal difference in Total Expense Ratio between the Direct Plan and the Regular Plan is 0.15% (i.e. Direct Plans at 1.25% and Regular Plans at 1.40%, including service tax) for the Quantum Long Term Equity & Tax Saving Funds for the first year.

Kindly note that the income/expenses are booked on a daily basis from the respective schemes including Saturdays/Sundays/non-working days, though the NAV of schemes are not declared on Saturdays/Sundays/non-working days. Commission is paid to the distributors at the end of the month.

No, the TER will not change for any financial year. In fact it will become lower. At Quantum, we want to reiterate: As we grow, you will pay less. You will benefit.

While we are unable to comment on the practices adopted by other fund houses, we would like to state that we will not be paying any upfront commission to the distributors but only trail commission as mentioned in the above table. For our Quantum Long Term Equity Fund (QLTEF) and Quantum Tax Saving Fund (QTSF) Regular Plan investors, any payouts above 0.15% will be borne by Quantum AMC.

The daily NAV is calculated post deduction of expense ratio. The expense ratio is charged to the scheme.