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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.
Disclaimer:
The views expressed in this article are the personal views of the Fund Manager of Quantum Gold Fund. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. This information is meant for general reading purpose only and is not meant to serve as a professional guide/investment advice for the readers. This article has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments. Please visit – www.quantumamc.com/disclaimer to read scheme specific risk factors.
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