Quantum AMC: A Serious Player in the Financial World

Posted On Wednesday, Sep 14, 2016


While we were always serious when it comes to managing your money, we have now also quantified ourselves as a 'serious player' in the eyes of the regulator. Yes, Quantum AMC's Net worth as on Sep 2016 is more than Rs. 50 cr. We would like to thank you for your continued support and trust in Quantum philosophy. This journey would have not been possible without your trust. On this occasion our Chairman Mr. Ajit Dayal has shared his thoughts in note below.

We knew what we had to do - and we did it!

In May, 2014 the rules of our "business" changed. A directive from SEBI required any new Asset Management Company to have a minimum net worth of Rs. 50 cr in order to launch mutual fund products and manage money for retail investors. Existing AMCs - like Quantum AMC - were given three years to meet the revised minimum net worth requirements or, ostensibly, be faced with the prospect of being shut out of the investment management "business".

As many of you know, we had argued hard against the introduction of this unusual requirement that defied the existing practice in the more developed regions such as the USA, UK, and Western Europe. But once this became law we knew we had to start working on filling the gap: our net worth as of March 31, 2014 was Rs 28.3cr , so we had a gap of Rs 21.7cr to fill plus whatever money we needed to grow the "business".

We made a commitment to your Board of Trustees that we wanted to stay in the mutual fund "business": we believed - and still do! - that we could help millions of investors better invest their hard earned money by offering simple, long-term products and low-cost solutions. We are professionals - no different from a doctor, a lawyer, an accountant, or an architect - and we work in the sole interest of our clients. We proudly call ourselves "Asset Managers," as opposed to the "Asset Gatherer" mentality we see among others. This mentality is reinforced in our vision to be India's most respected fund house and not just the largest fund house!

Many of you were concerned whether we would "make it". Some of you held back making further investments in our mutual fund products till we achieved the minimum net worth of Rs 50 crore.

We are delighted to tell you that we have exceeded the minimum net worth criteria of Rs 50cr as of September 01, 2016.We are more passionate than ever about what we set out to do when we launched India's first direct-to-investor mutual fund house in 2006. Over the next few years, you will see an enhanced level of visibility of Quantum Mutual Funds. This is not because we merely wish to "grow our business" but because we believe that what we have to offer is something that you must be aware of: -you can then make a more informed decision on which mutual fund houses you can rely upon for the long term.

While our net worth has changed, the underlying characteristics of Quantum will never change:

1)      We will never do anything which is not in your interest.

2)      We will never sell you our funds.

3)      We will be honest and transparent in our working with you.

4)      As we grow, we will remain committed to our low cost philosophy and will lower the expense ratios of our funds as we achieve certain AuM milestones.

5)      We will always uphold the Quantum pledge and not waiver from our commitment to our investors.

With a customer-focus that is second to none, with mutual fund products designed to take care of your many needs, and with the milestone of the Rs 50 crore minimum net worth met, there should be no hesitation in considering a Quantum Mutual Fund as one of the few fund houses to invest your savings.

Thank you for your continued faith in us and for giving us the opportunity to help you attain your financial needs for a better future.

Disclaimer, Statutory Details & Risk Factors:

The views expressed here in this article / video are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communicating any indicative yield on investments made in the scheme(s). The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The article has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of this article should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Please visit – www.quantumamc.com/disclaimer to read scheme specific risk factors.

Above article is authored by Quantum.

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