Quantum Mutual Fund in talks to join NSE's MFSS platform

Posted On Sunday, Jan 01, 1950

Share:

Press Release


Mumbai, Maharashtra, December 2, 2009 - Quantum Mutual Fund, India's 1st direct-to-investor mutual fund  is presently in talks with the National Stock Exchange (NSE) to explore the  possibilities of listing its funds on the newly launched Mutual Fund Service  System (MFSS). The fund house is also evaluating a similar system to be launched  by the Bombay Stock Exchange (BSE) sometime soon.

The MFSS  platform which was launched on November 30, 2009 is a gateway  where investors can buy and sell mutual fund schemes online, and the payments  for which will be directly debited from their bank accounts. The units purchased  or sold will be credited or debited to the investors' demat  account. It is just like buying shares listed on the NSE. Those who do not have  demat accounts will have to apply via the exchange registered  stock brokers.

Quantum  Mutual Fund is India's  29th mutual fund house and - since its inception - has offered its  products directly to investors, steering away from the traditional distribution  channels.


Commenting  on the recent developments of distribution of mutual fund products, Ajit Dayal, Chairman and President, Quantum Asset  Management Company said, "This  initiative undertaken by SEBI and the NSE to provide millions of investors  spread across 1,500 towns and cities the ability to transact in mutual funds via  the 200,000 terminals is a giant step for increasing local participation in  India's growing stock markets. Our argument and refusal to participate in  the previous regime of an opaque distribution system which continuously  compromised the interests of the investors stands vindicated. We are glad to  explore the possibility of launching Quantum Mutual Fund on this new platform  which allows investors to buy mutual funds they wish to invest in, rather than  be hostage to an era where they were made to purchase schemes that were blindly  sold to them."


In addition  to being the only fund house in the country that refused to pay any commissions  in the opaque distribution system, Quantum Mutual Fund has also kept its product  offering simple. Quantum Mutual Fund offers investors 6 schemes covering the 3  broad asset classes of stocks, fixed income, and gold. The 4 equity products are  Quantum Long Term Equity Fund, Quantum Tax Saver Fund, Quantum Index ETF, and  Quantum Equity Fund of Funds. Other than the Quantum Liquid Fund, which is the  fixed income fund, there is the Quantum Gold ETF which is supported by the  e-letter, 'The Golden Truth' Speaking on  the challenges that the MFSS might face, Ajit said, "There is still room for caution. The good news is that the cost of  buying a mutual fund may have declined by 90% - investors will now pay a  stipulated brokerage, versus an average cost of 2.5%to 4.0% under the old regime  of distributors and agents. But investors will still need to know which mutual  funds to buy; and which mutual funds to stay away  from."


About Quantum Mutual Fund -


Quantum Mutual Fund (QMF) was launched in 2006 as India's first direct to investor mutual fund and currently manages 6 funds viz - Quantum Long Term Equity Fund, Quantum Tax Saver Fund, Quantum Liquid Fund, Quantum Gold ETF, Quantum Index ETF, and Quantum Equity Fund of Funds.

Quantum Advisors, the Sponsor, currently manages and advises on India dedicated listed equity allocations for global endowments, pension funds and universities. Quantum was founded by Ajit Dayal in 1990.


Risk Factors: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Please visit www.quantumamc.com/disclaimer to read Scheme Specific Risk Factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the scheme's objective will be achieved and the NAV of the scheme(s) may go up or down depending upon the factors and forces affecting securities markets. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the Sponsor / AMC/ Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: 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 Investment Manager are incorporated under the Companies Act, 1956.

Above article is authored by Quantum.

View All

  • World Health Day: Build a Healthier Portfolio with Quantum ESG Best-in Class Strategy Fund
    World Health Day: Build a Healthier Portfolio with Quantum ESG Best-in Class Strategy Fund

    Posted On Friday, Apr 05, 2024

    As we celebrate World Health Day on April 7th, it's a timely reminder of the importance of wellness in all spheres of our lives.

    Read More
  • Debt Monthly View for March 2024
    Debt Monthly View for March 2024

    Posted On Friday, Apr 05, 2024

    Indian bond yields were range bound for most of March. 

    Read More
  • Equity Monthly View for March 2024
    Equity Monthly View for March 2024

    Posted On Friday, Apr 05, 2024

    S&P BSE Sensex grew by 1.59% in the month of March 2024. S&P BSE Midcap Index increased by 0.01% & S&P BSE Small cap Index declined by -4.8% respectively.

    Read More

Add To Cart

Add To Cart

Your cart is empty
Total of Lumpsum
Amount

Get In Touch

Take small steps in your financial planning to achieve big dreams! Start your investment journey today!

@@tlcomstart@@ @@tlcomend@@