Type

Scheme

Financial Transaction

Miscellaneous

The SMILE facility enables an Investor, on the basis of his consent, to contribute some percentage of his/her Investment with Quantum Mutual Fund towards a charitable cause to any NGOs (maximum two) registered with the "HelpYourNGO" Foundation (HYNGO).

Please refer to the table below for details on who can opt for this facility and the mode of availing for the facility.
Investor CategoryExisting / New InvestorMode of Availing Facility
Resident IndividualNew as well as ExistingOffline* & Online
HUFNew as well as ExistingOffline* Only
Companies / LLPNew as well as ExistingOffline* Only
SocietiesNew as well as ExistingOffline* Only
Partnership FirmNew as well as ExistingOffline* Only
TrustsNew as well as ExistingOffline* Only
NRI with terms and conditions as prescribed in the SMILE form.New as well as ExistingOffline* & Online
*Please note that as a temporary accommodation, Non-Individual investors can share the documents through email. However, this could change once the pandemic induced lockdown is reversed and branches open for business.
Note : This facility is available for non-demat investors only

Eligible Schemes for the SMILE Facility are:


  • Quantum Long Term Equity Value Fund,
  • Quantum Equity Fund of Funds,
  • Quantum Dynamic Bond Fund,
  • Quantum Multi Asset Fund of Funds
  • Quantum Gold Savings Fund
  • Quantum Liquid Fund
  • Quantum India ESG Equity Fund


Schemes Not Eligible for SMILE Facility are:


  • Quantum Tax Savings Fund
  • Quantum Gold Fund ETF
  • Quantum Nifty 50 ETF

a.   HelpYourNGO Foundation: HelpYourNGO Foundation (HYNGO) is a not-for-profit organization set up with the objective of increasing transparency in the social sector. India has more than 3 million registered non-governmental organisations (NGOs), and it is reported that less than 10% of these file annual returns with the government authorities. HYNGO is the only organisation in India that standardises and displays detailed financial and program information on 650+ NGOs spread across 13 Sectors and 480+ zip-codes in India. The aim is to connect donors to genuine, trustworthy NGOs through information on its website and offline donor advisory services. These services have helped corporates with their CSR commitment and individuals, Foundations, and other institutions plan their philanthropic journey.

If you need any more information, kindly refer to this link which has all details necessary for SMILE investors:
https://www.quantumamc.com/faq/smile-facility/37


b.   Sree Guruvayurappan Bhajan Samaj Trust - Unnati: Unnati is the flagship livelihood programme of the Sree Guruvayurappan Bhajan Samaj Trust in Bengaluru. It is a 50-day vocational training programme that helps economically underprivileged youth get an assured job. Students are put through 300 hours of instruction in their chosen vocation in addition to training in spoken English, computers, life skills and values. They have succeeded in placing over 12,000 youth with various employers like the Tata Group, Westside, JP Morgan, Asian Paints, and others.


c.   CanSupport: Can Support was founded by a cancer survivor to help fight the disease, trauma and pain of cancer patients and their families. They organize home visits by doctors for patients too sick to go to hospital, run outpatient clinics, day care centres, a helpline and spread awareness of Government schemes for financial assistance. Their medical teams - each comprising a doctor, nurse and counselor, made over 34,000 home visits in FY17; recorded nearly 12,500 patient visits at their outpatient clinics and over 4,000 children received nutritional support in FY17.


d.   Vidya Poshak: Vidya Poshak in Dharwad, Karnataka helps meritorious young students pursue their academic goals. They look for deserving students whose family income is less than Rs70,000 a year. Vidya Poshak’s team of volunteers visits the homes of potential students and assesses their need, and have made over 60,000 visits to date. Their Nurture Merit programme has provided financial assistance, library services and soft skills training to over 15,500 students so far. Since inception, over Rs300 million has been disbursed to deserving students.


e.   Fight Hunger Foundation: Fight Hunger Foundation works in partnership with Action against Hunger (ACF), the world’s leading NGO focusing solely on child malnutrition. Their goal is to see a hunger-free India, where one million children die from severe acute malnutrition each year. The NGO and its trained community health workers diagnose and treat malnutrition, work with communities to spread awareness and develop and test new formulae for feeding malnourished children. They currently work in Rajasthan, Madhya Pradesh and Maharashtra and have covered over 49,000 children with their specially prepared Medical Nutritional Therapy and food baskets and other activities.


f.   Parinaam Foundation: Parinaam caters to the needs of the poor by providing them with critical social services. They operate in 20 states across India. Their financial literacy programme for women has helped more than 4,00,000 economically disadvantaged women save more and access financial services. Their Urban Ultra Poor Programme tackles generational poverty by providing livelihood, healthcare, childcare and social services support to families in dire need. More than 5,000 families have benefited so far.


g.   Make-A-Wish Foundation of India: Make-A-Wish Foundation of India is the India chapter of the world’s largest wish-granting organization. They grant the wishes of children with life-threatening medical conditions to give them hope and strength as they deal with their illnesses. The Foundation believes that having a wish fulfilled gives children a renewed energy to fight the disease they are battling. They have been able to grant over 40,000 wishes till date. People from professions as diverse as the armed forces and film celebrities collaborate to make these kids’ wishes come true.


Note: This list is subject to change.

An investor can opt for minimum 1 and maximum 2 NGOs for this facility.

I – Annual Contribution Option:
1. 10% of the contribution from the holding of the investor under the folio tagged for SMILE at the end of each year ended September 30 shall be made by way of automatic redemption of units. Please refer the detailed example below;

(a) Holding as on September 30, 2020 is Rs. 5,000 and the investor has selected an option of 10% of the Value.
(b) 10% of Rs 5,000 + load (if any) = Rs. 500 (will be deducted as partial redemption done automatically)

2. Investor to select from a list of 7 NGOs at the time of initial request.

3. Minimum 1 and Maximum 2 NGO can be selected.

4. If no NGO is/are selected then the contribution will be made to the HYNGO Foundation as General Donation.

5. Investors to prescribe a percentage (%) of contribution to be distributed to each NGO in the form.

6. Investors can change their NGOs and % of contribution any time. However, the amount will be distributed according to the latest request registered as on September 30.

7. HYNGO Foundation will transfer 95% of the contribution to respective NGOs and will retain 5% with it as General Donation to HYNGO Foundation.

II - Investor Advised Contribution Option:
Investor can contribute minimum amount of Rs. 500/- by way of redemption anytime from folio tagged with SMILE to NGOs. The details of NGOs available for contribution are uploaded on the HYNGO India Private Limited website www.helpyourngo.com

HYNGO Foundation will transfer 95% of the contribution received under 2(I)(4) and Investor Advised Option to respective NGOs and will retain 5% with it as General Donation to HYNGO Foundation.

III - Contribution At the time of Redemption Option:
Investor can contribute minimum amount of 1% of redemption amount subject to maximum of Rs.1000/- or such other amount at the discretion of the investor from the total redemption amount to HYNGO Foundation as donation. If the contribution amount is less than Rs. 1000/- then that will form part of General Donation to HYNGO Foundation and if contribution amount is more than or equal to Rs.1000/- then it will form part of Corpus Donation to HYNGO Foundation. In case of Corpus Donation to HYNGO Foundation, HYNGO Foundation will retain 5% as fees and disburse 95% every year to support credible NGOs over a period of times.

The Contribution 10% or Investor Advised or at the time of redemption will be done by way of redemption of units subject to exit load. The long term / short term capital gain tax as may be applicable depend on the nature of scheme and holding period of units.

In case of Partial Redemption the units towards contribution to SMILE will be addition to the redemption units and in case of full redemption units towards contribution to SMILE will be net off from the total units.

Donation can be made:

• At the time of redemption
• Annually every year, on 30th September &
• Investor Advised Contribution

The percentage of contribution will be registered at folio level. However, the donation amount / contribution that you choose will be deducted at scheme level (basis the scheme opted by you).

Yes. As the Contribution will be done by way of redemption of units, the same will be subject to exit load. The long term / short term capital gain tax as may be applicable depend on the nature of scheme and holding period of units.

HYNGO will retain 5% of the contribution amount from investor as fees for administration and due diligence cost.

The amount contributed by investors will be transferred to HYNGO’s account within 10 business days. The amount contributed will be in round integers or Rs. and not in paise decimals, with decimals upto 0.49 getting rounded off to the lower end and decimals from 0.50 rounding off to the higher end.

If the investor has chosen the option of donating 10% of the corpus to select NGOs every 30th September, in such a scenario 5% of the donation is retained by HYNO Foundation as admin & due diligence cost. Further, only 90% of it will be transferred to against SMILE Donation and remaining 10%* will be credited to investor’s registered bank account.

Note: * The credit of 10% to investor’s account will be done irrespective of the capital gains applicable or not on the units redeemed for SMILE donations.

If the investor has opted to donate at the time of redemption, then in such a scenario:
(a) if the donation < INR 1000/- then it is treated as a general donation to HYNGO Foundation &
(b) if the donation > = INR 1000/- then it is treated as a corpus donation to HYNGO Foundation

If the Investor Advised option is selected, then the investor has the liberty to choose:
1. NGO grantee/s
2. Payout date/s
3. % contribution

5% of the donation is retained by HYNGO Foundation as admin and due diligence cost.

For SMILE Contributions, the amount will be paid directly to the investors bank account. Further, a link for investor to make the payment towards his/her contribution under SMILE Facility to HYNGO Foundation will be shared with them via separate email.

As an investor and donor, you will receive 80G Tax Receipt(s)/or donation receipt from HYNGO for the donation amount, so that you can claim tax benefit. You will also receive confirmatory mails from HYNGO about receipt and transfer of the contributed amount to the NGO(s) chosen by you.

The Management Fees excluding scheme expenses on SMILE units received by the AMC from Fund will be paid to HYNGO for operating and managing SMILE facility on behalf of the AMC.

An investor can change the list of NGO and percentage of contribution at any point of time. However, the amount will be distributed according to the latest details registered as on September 30.

You can do a registration for the SMILE Facility either Offline or Online.

Offline*: You have to fill the SMILE Facility Form indicating the Registration option.

Online: Login with your user id/PAN and password/OTP on the Invest Online Portal > Click on SMILE under Manage Account Tab > Complete the procedure.

*For non-individual investors, as an exception for the lockdown period they can scan the SMILE Facility form and send it through an e-mail. This could change once the pandemic induced lockdown is reversed and branches open for business.

You may submit an offline* form for modification / cancellation of the registered SMILE. You can also do this through your invest online login under the section Manage Account > SMILE.

*For non-individual investors, as an exception for the lockdown period they can scan the SMILE Facility form and send it through an e-mail. This could change once the pandemic induced lockdown is reversed and branches open for business.

Yes. The investor will receive an email as well as an SMS confirmation post any registration/ modification/cancellation.

The Investor Advised option allows an investor to:

1. Contribute to any NGO listed with HYNGO on their website - www.HelpYourNGO.com, not just the NGOs mentioned in the list mentioned above.

2. Redeem his/her units and contribute any amount, not necessarily 5% or 10% of his/her holdings. However, the minimum contribution should be Rs. 500/-.

3. Get periodic Reports from HYNGO (on their website) on the utilisation of the donations.

4. Currently investors can opt for Investor Advised option through the offline mode only by submitting the SMILE facility form.*

5. This option can be availed by all Resident Indians and NRIs – whether or not they are citizens of India.

*For investors, as an exception for the lockdown period they can scan the SMILE Facility form and send it through an e-mail. This could change once the pandemic induced lockdown is reversed and branches open for business.

The SMILE facility can be opted under Growth option.

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