Frequently Asked Questions

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  • How do I register for investments through SIP?

    You can make a purchase through SIP for all our schemes (except for Quantum Nifty ETF and Gold ETF Fund) through the Online mode or the Offline mode.

    Offline SIP - The request for SIP application should be received at our end within 21 business days prior to the SIP date opted by you in the form. After receiving the valid documents at our end, your SIP will be activated.

    Online SIP - Online SIP (ISIP) instructions will take a minimum of 15 days for activation by the Registrar and the Bank. The first auto debit will be carried out only after the registration is completed by the Registrar and the Bank.

    Earlier the SIP registration facility was provided for existing investors only. However, now the first time investors can also register for a SIP through our new purchase Invest Online module. The new purchase can be done alongwith lumpsum purchase or for only ‘SIP’ also.

    Choose your preferred mode and click on the below links to read more and invest with us.

  • Who can and cannot invest in the scheme?
  • How to invest through Online Mode?
    To know more about investing online in India’s 1st Direct to Investor Mutual fund, Please Click here. Please note that you need to be KYC compliant to invest with us. Click here to know more about KYC.

    Please check our FAQs on SIP Online to know the procedure to register an online SIP.

  • Are there any additional charges to avail SIP facility?
    No, there are no additional charges to avail SIP facility.
  • What are the minimum Application Amount, minimum no. of installments required and frequency of dates available under each scheme?
    Please find below the details on minimum amount requirement, no. of installments requirement and frequency of dates available.

    Note:Quantum Liquid Fund has only Monthly and Quarterly Frequency.

    Scheme NameFrequencies Available Under SIPDailyWeeklyFortnightlyMonthlyQuarterly
    Quantum Long Term Equity Value Fund, Quantum Equity Fund of Funds,Quantum India ESG Equity Fund, Quantum Gold Savings Fund, Quantum Multi Asset Fund and Quantum Dynamic Bond Fund
    Minimum SIP AmountRs. 100/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Tax Saving Fund
    Minimum SIP AmountRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Liquid Fund
    Minimum SIP AmountNARs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / InstructionsNA64
    Frequency of DatesNA5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
  • How will the exit load be charged in case of SIP purchase?

    The applicable exit load will be charged at the time of redemption/switch out/STP irrespective of the amount invested. In case of SIP, we follow FIFO (First In First Out) method to calculate the exit load. If you start 1 year SIP on 5th July 2011 in Quantum Long Term Equity Value Fund then the exit load for that month’s investment will be applicable up to 5th July 2013. The exit load for your last installment on 5th June 2012 will be NIL after 5th June 2014.

    Please find below the exit load structure of each scheme;

    Quantum Long Term Equity Value Fund: Please click here to view the load structure of the scheme
    Quantum Liquid Fund: Please click here to view the load structure of the scheme
    Quantum Tax Saving Fund: Please click here to view the load structure of the scheme
    Quantum Equity Fund of Funds: Please click here to view the load structure of the scheme
    Quantum Gold Savings Fund: Please click here to view the load structure of the scheme
    Quantum Multi Asset Fund: Please click here to view the load structure of the scheme
    Quantum Dynamic Bond Fund: Please click here to view the load structure of the scheme
    Quantum India ESG Equity Fund: Please click here to view the load structure of the scheme
  • Which schemes of Quantum Mutual Fund offer the SIP facility?
    You can start SIP for the following schemes:

    Quantum Long Term Equity Value Fund
    Quantum Liquid Fund
    Quantum Tax Saving Fund
    Quantum Equity Fund of Funds
    Quantum Gold Savings Fund
    Quantum Multi Asset Fund
    Quantum Dynamic Bond Fund
    Quantum India ESG Equity Fund
  • Why should I invest through SIP?
    The benefits of investing through SIP are several, some of which are:
    It helps you start small, with as low as Rs. 100 per month (depending on scheme and frequency).
    It helps you reduce the risk of mis-timing the market. So whether the markets move up or down, you stay invested and reap the benefits of both worlds as it helps you buy more units when the market is down and fewer units when the market is up. Thus reducing the cost of entry.

    7 Good Reasons to invest in SIPs
    1. Reduces the average cost
    In SIP we are investing a fixed amount regularly. Therefore, we end up buying more number of units when the markets are down and NAV is low and less number of units when the markets are up and the NAV is high. This is called rupee-cost averaging. Generally, we would stay away from buying when the markets are down. We generally tend to invest when the markets are rising. SIP works as a good discipline as it forces us to buy even when the markets are low, which actually is the best time to buy.
    2. Putting your eggs in different baskets!
    Another advantage of investing through equity mutual funds is that even with small amounts we are able to enjoy the benefits of diversification. Huge amounts would be required for an individual to achieve the desired portfolio in terms of stocks, which would not be possible for many of us. Diversification reduces the overall impact on the returns from a portfolio, on account of a loss in a particular company/sector.
    3. Market timing becomes irrelevant
    One of the biggest difficulties in equity investing is WHEN to invest? Apart from the other big question, WHERE to invest? While, investing in a mutual fund solves the issue of where to invest, SIP helps us to overcome the problem of when to invest. SIP is a disciplined investing irrespective of the state of the market. It thus makes the market timing less relevant. Today when the markets are high, it may not be prudent to commit large sums at one go.
    4. Does not strain our day-to-day finances
    Mutual Funds allow us to invest very small amounts (like Rs 500, Rs 1,000 etc) in SIP, as against larger one-time investment required, if we were to buy directly from the market. This makes investing easier as it does not strain our monthly finances. It, therefore, becomes an ideal investment option for a small-time investor, who would otherwise not be able to enjoy the benefits of investing in the equity market. Large investors who wish to accumulate their savings prudently might opt for a larger SIP amount.
    5. Mutual Funds - Transparent & well regulated
    The Mutual Fund industry is well regulated by both SEBI and AMFI. They have, over the years, introduced regulations, which ensure smooth and transparent functioning of the mutual fund industry. This makes it safer and convenient for investors to invest through the mutual funds.
    6. It’s an expert’s field. Let’s leave it to them
    Management of the fund by the professionals or experts is one of the key advantages of investing through a mutual fund. They regularly carry out extensive research on companies, the industry and the economy thus ensuring informed investment. Secondly, they regularly track the market. Thus, for many of us who do not have the desired expertise and are too busy with our vocation to devote sufficient time and effort to investing in equity, mutual funds offer an attractive alternative.
    7. Helps to fulfill our dreams
    The investments we make are ultimately for some objectives such as to buy a house, children education, marriage etc. One thing common in all these objectives is that it requires a huge one-time investment. As it would usually not be possible raise such large amounts at short notice, we need to build the corpus over a longer period of time, through small but regular investments. This is what SIP is all about. Small investments, over a period of time, result in wealth creation and help fulfill our dreams and aspirations.

    Here is an example to help you understand the working of SIP.

    THE POWER OF RUPEE COST AVERAGING
    Lump-Sum Investor Regular SIP Investor
    Month Unit Price Amount Invested in Rs. Units Bought Amount Invested in Rs. Units Bought
    1 20 60,000 3000 10,000 500
    2 18 -- -- 10,000 556
    3 13 -- -- 10,000 769
    4 22 -- -- 10,000 455
    5 21 -- -- 10,000 476
    6 20 -- -- 10,000 500
    Total Amount Invested Rs. 60,000 Rs. 60,000
    Average price paid Rs. 20 Rs. 19
    Current NAV Rs. 20 Rs. 20
    Total units bought 3000 3256
    Value of investment after six months Rs. 60,000 Rs. 65,120

    Thus this table shows that even though the amount invested is the same in both cases, the returns from the SIP mode of investment are relatively higher.
  • What is an Online SIP (ISIP)?
    The Online Systematic Investment Plan (SIP) enables you to invest in an SIP online, without any paper work. It takes the simple SIP model and adds to it the convenience of an online investment platform, making it easier, simpler and faster for people to invest.
  • Which schemes of Quantum Mutual Fund offer online SIP (ISIP) facility?

    You can start online SIP (ISIP), through Direct & Regular Plans for the following schemes:

    Quantum Long Term Equity Value Fund
    Quantum Liquid Fund
    Quantum Tax Saving Fund
    Quantum Equity Fund of Funds
    Quantum Gold Savings Fund
    Quantum Multi Asset Fund
    Quantum Dynamic Bond Fund
    Quantum India ESG Equity Fund
  • What is a URN number?
    The Unique Registration Number (simply referred to as URN) is your transaction reference number. You will need to keep this number accessible when you register your Online SIP (ISIP) with your bank after registering your SIP application on our website.

    Please enter the URN in the same format as it appears in the SIP confirmation email sent by us. Also please note that this URN is valid up to 7 days only and therefore needs to be registered with your bank within 7 days. Any queries regarding SIP application / registration can be resolved promptly on the basis of the URN.
  • What are the minimum Application Amount, minimum no. of installments required and frequency of dates available under each scheme?
    Note: Quantum Liquid Fund has only Monthly and Quarterly Frequency.

    Scheme NameFrequencies Available Under SIPDailyWeeklyFortnightlyMonthlyQuarterly
    Quantum Long Term Equity Value Fund, Quantum Equity Fund of Funds, Quantum India ESG Equity Fund, Quantum Gold Savings Fund, Quantum Multi Asset Fund and Quantum Dynamic Bond Fund
    Minimum SIP AmountRs. 100/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Tax Saving Fund
    Minimum SIP AmountRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Liquid Fund
    Minimum SIP AmountNARs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / InstructionsNA64
    Frequency of DatesNA5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
  • When does the online SIP (ISIP) get activated?
    Online SIP (ISIP) instructions will take a minimum of 15 days for activation by the Registrar and the Bank. The first auto debit will be carried out only after the registration is completed by the Registrar and the Bank.
  • Through which Banks can I invest using Online SIP (ISIP)?

    Quantum Mutual Fund offers you Online SIP (ISIP) through the banks mentioned below. Please note that you need to have your net banking with utility payment facility with your bank to avail of this facility.

    Bank nameNet banking Mobile bankingPayment Mode(Auto Pay/View and Pay)
    IndusInd BankYYBoth
    Axis BankYYBoth
    Bank of BarodaYNBoth
    Bank of MaharashtraYYView and Pay only
    Corporation BankYNView and Pay only
    Catholic Syrian BankYNView and Pay only
    City Union BankYYView and Pay only
    Development Bank of Singapore NYView and Pay only
    The Dhanalakshmi BankYYView and Pay only
    Federal BankNYView and Pay only
    FIRSTRAND BANKYNView and Pay only
    ICICI BankYNBoth
    IDBI BankYNBoth
    IDFC BankNYBoth
    Indian bankYYView and Pay only
    INDIAN OVERSEAS BANKNYView and Pay only
    Karnataka Bank NYView and Pay only
    Lakshmi Vilas BankNYView and Pay only
    NKGSB bankYYboth
    Punjab National BankNYBoth
    Ratnakar BankYNView and Pay only
    Saraswat BankYNView and Pay only
    HDFC BankYYBoth
    Yes BankYYBoth
    UCO BankYYBoth
    State Bank of IndiaYYBoth
    Citi bankYNBoth
    Union Bank of IndiaYNBoth
    Karur Vysya BankYNView and Pay only
    Shamrao Vithal Co-operative BankYNView and Pay only
    Kotak Mahindra BankYNBoth
    South Indian bankNYBoth
    Equitas Small Finance BankYYBoth
    Andhra BankNYBoth

    *Citi Bank customers need to login to their net banking using debit card issued by bank. It’s their debit card number which is used as user id for accessing their net banking


    Mode of Registration:
    Net Banking Mode - Can be registered through the respective bank’s net banking module
    Mobile Banking Mode - Can be registered through the respective bank’s mobile banking option
    Payment Mode:
    Auto Pay - Auto pay option will enable automatic debit of the SIP amount from the bank account without any manual intervention from the Investor.
    View & Pay - View & Pay is an option to manually authorize the payment (in investor’s bank login) on or before each SIP date opted to avoid reversal of units.
  • Are there any additional charges for online SIP (ISIP)?
    The Online SIP (ISIP) facility is available at NO CHARGE from our end. However we request you to get in touch with your bankers with regard to charges for Bill pay registration/processing at their end (if any). Such charges will be borne by the account holder only and will not be borne by the AMC or the fund.

    We also wish to bring to your notice that few of the banks have initiated ‘Third Party Validation’. Hence we request you to make sure that you have registered for the bank’s Third Party Funds Transfer service (if your bank demands this facility) and that you have enabled Secure Access within Net Banking. Without these validations, you will not be able to transact online.

    Few banks have initiated these additional security measures for protecting your information during third party transfers and to protect your account from any sort of security breach. Kindly approach your bank to have more details on the same.
  • How will I know that my Online SIP (ISIP) application process has been carried out?
    You will receive a confirmation email with the details of your Online SIP (ISIP) after successfully completing the application registration process on our website.
  • Will my Online SIP (ISIP) stop if the ECS debit is dishonored due to any reason?
    The ongoing SIP will be terminated after 2 consecutive reversals due to any reason .

    In case you have opted for a ‘View and Pay’ option for your online SIP (ISIP), you need to authorize the payment on or before the SIP date on your net banking site. If you fail to authorize the payments for two consecutive SIP dates, the SIP will be discontinued.

    For further queries please do not hesitate to get in touch with us on Customercare@QuantumAMC.com or on 1800-22-3863 or 1800-209-3863.
  • Who can avail of the Online SIP (ISIP) facility?
    An existing individual investor with Quantum Mutual Fund who has a username and password for the Invest Online section can apply, register and invest through our Online SIP (ISIP) module.

    However, if you do not have a Quantum Invest Online username and password but wish to avail this facility, please visit www.quantumamc.com or www.quantummf.com to seek the online username and password to facilitate availing / applying for Online SIP (ISIP).

    You will also need to have a net banking with utility payment facility enabled with your bank and be KYC compliant to invest through Online SIP (ISIP).

    Note : A first time investor will be able to make only a lumpsum purchase through our Invest Online section. Post KYC verification, you will be able to make additional transactions through your invest online login including registration of Online SIP.
  • How do I apply for a Systematic Investment Plan (SIP) online?
    Following are the steps to register an ISIP

    New InvestorExisting Investor
    • Visit www.QuantumAMC.com
    • Click on ‘Invest Online’
    • Click on ‘Click here’ under the ‘Create New Folio’ option
    • Enter the required details
    • Under ‘Investment Details’ tab select any of the below options.
    i) Lumpsum with SIP – To  do a  purchase along with SIP registration or

    ii) Only SIP - To register only an SIP    
    • Fill the entire form and enter the OTP which will get triggered on your registered mobile number and email id
    • Click on ‘Save’
    • You will receive an on-screen and email confirmation (Please click on ‘Make Payment’ option reflecting on the on-screen message and initiate the payment (if you have opted for ‘Lumpsum with SIP’ option).
    • Register the URN at your bank site as per the instructions provided in the confirmation mail
    • SIP will be registered within 15 days post the successful registration confirmation received by your Bank.
    • Visit www.QuantumAMC.com
    • Click on ‘Invest Online’
    • Login with your PAN/User Id and password/OTP
    • Click on ‘SIP’ under the ‘Transact’ tab
    • Click on ‘Add New SIP’
    • Fill all the required details and click on ‘Submit’
    • Visit your bank site and register  the URN
    • SIP will be registered within 15 days post  successful registration confirmation received by your Bank.
  • What is ‘Auto Pay’ or ‘View and Pay’ option?
    There are two options available for ISIP payment through Net Banking:
    Auto Pay
    View & Pay

    If you have opted for ''Auto Pay'', the amount is directly debited from your bank account on the SIP due date (by your bankers) without any manual intervention. However, you would have to ascertain that you maintain the required balance in your account on your SIP due date.

    If you have opted for ''View & Pay'', you need to manually authorize the payments on or before the SIP due date. However, If you fail to authorize this debit; your SIP transaction faces the risk of reversal.

    Hence, if you have opted for the View & Pay option for your ISIP, we request you to regularly authorize the SIP payment on your opted due date. In order to avoid any last minute rush, you could pay your SIP up to 3 days in advance to your due date.

    We have also noted that some banks do not offer the ''Auto Pay'' option and thus, the ''View & Pay'' option is activated as a default in this case. In such a case, or if you have opted for "View and Pay" option and now wish to register for ''Auto Pay'', we request you to check the availability of the same with your bank at the earliest.
  • How do I register Online SIP (ISIP) with my bank after registering Online SIP application on Quantum Mutual Fund’s website?
    To register the Online SIP (ISIP) with your bank, please visit your Bank''s Home Page and follow the below mentioned instructions:
    1. Log in to your Bank’s "Internet Banking" module
    2. Choose the Bill Pay section
    3. Select Quantum Mutual Fund as the Biller and enter your URN.

    Kindly select the ‘Auto Pay’ option while registering the URN with your Bank. (Auto pay option will enable automatic debit of the SIP amount from your account without any requirement of manual intervention).

    In case if you have opted for view and pay option, please ensure that you authorize the payment on or before the SIP date [as per your bank’s timeframe for authorization (which is generally 3 days) opted by you to avoid rejection and reversal of Units].

    Kindly note that the Bank that you have registered with us while doing your previous investment, will be the default bank for all future purchases (including Online SIP) and redemption transactions. If you wish to transact using any other bank account, please fill and submit the Multiple Bank Accounts Registration Form along with the supporting documents mentioned in the form. This form can be downloaded from the ‘Downloads’ section of our website. Subsequently you can register for your ISIP through the additional bank registered with us.

    Please note that you should be the holder / joint holder of the other bank accounts.

    Note: You need to register the ISIP at your net banking website within 7 days from registration date.
  • Can I modify or cancel my Online SIP (ISIP)? If so, how?
    Yes you can modify/cancel your online SIP or ISIP as we term it.
    If you wish to modify/cancel the existing ISIP registered with us, you can do so by following the below mentioned procedures:

    ISIP ModificationISIP Cancellation
    • Visit www.QuantumAMC.com
    • Click on ‘Invest Online’
    • Login with your PAN/User id and Password/OTP
    • Click on ‘SIP’ under the ‘Transact’ tab
    • Click on ‘Modify’ for the respective SIP
    • Modify the SIP frequency, SIP Start Date, SIP End Date & Amount of SIP
    • Click on Submit and confirm the modification
    Note:
    • Only online registered SIP can be modified through this module, the offline SIP cannot be modified through this module.
    • The online SIP (ISIP) modification request needs to be submitted 15 days prior to the next SIP date opted by you online.
    • Modification can be done for the SIP Amount, the Start and End dates and the SIP frequency.
    In case the modification request received involves change in the SIP amount and if the SIP installment is due within 15 days from the date of modification request received, the said installment will be processed for the amount provided previously before the modification
    • Visit www.QuantumAMC.com
    • Click on ‘Invest Online’
    • Login with your PAN/User id and Password/OTP
    • Click on ‘SIP’ under the ‘Transact’ tab
    • Click on ‘Cancel’ for the respective SIP
    • Click on Confirm Option
    Note:
    • The online SIP (ISIP) cancellation request needs to be submitted 15 days prior to the next SIP date opted by you online. Subsequently, you need to also delete the registered URN from  your online biller section of internet banking.
    • If an SIP installment is due within 15 days from the date of cancellation, that installment will be processed and your bank account will be debited for that SIP installment.
  • How will the exit load be charged in case of SIP purchase?

    The applicable exit load will be charged at the time of redemption/switch out/STP irrespective of the amount invested. In case of SIP, we follow FIFO (First In First Out) method to calculate the exit load. If you start 1 year SIP on 5th July 2011 in Quantum Long Term Equity Value Fund then the exit load for that month’s investment will be applicable up to 5th July 2013. The exit load for your last installment on 5th June 2012 will be NIL after 5th June 2014.

    Please find below the exit load structure of each scheme;

    Quantum Long Term Equity Value Fund: Please click here to view the load structure of the scheme
    Quantum Liquid Fund: Please click here to view the load structure of the scheme
    Quantum Tax Saving Fund: Please click here to view the load structure of the scheme
    Quantum Equity Fund of Funds: Please click here to view the load structure of the scheme
    Quantum Gold Savings Fund: Please click here to view the load structure of the scheme
    Quantum Multi Asset Fund: Please click here to view the load structure of the scheme
    Quantum Dynamic Bond Fund: Please click here to view the load structure of the scheme
    Quantum India ESG Equity Fund: Please click here to view the load structure of the scheme
  • What is an Offline Systematic Investment Plan (SIP)?
    The Offline Systematic Investment Plan (SIP) enables you to invest through an SIP with little bit of paper work if you do not wish to operate via internet. You will have to submit physical documents required for a purchase and proceed.
  • Which schemes of Quantum Mutual Fund offer offline SIP facility?

    You can start offline SIP, through Direct & Regular Plans for the following schemes:

    Quantum Long Term Equity Value Fund
    Quantum Liquid Fund
    Quantum Tax Saving Fund
    Quantum Equity Fund of Funds
    Quantum Gold Savings Fund
    Quantum Multi Asset Fund
    Quantum Dynamic Bond Fund
    Quantum India ESG Equity Fund
  • How do I invest through Offline Systematic Investment Plan (SIP)?
    Offline Purchase will involve three necessary steps as follows;
    Collecting the Application Form
    Fill up the form and attach the mandatory documents
    Submission of the Form

    Collecting the Application Form:

    You can download the form from our website www.QuantumMF.com.

    You can also collect the physical application form from any of our office branch OR collection centers as shown below.

    1Quantum Asset Management Company Private Limited: 7th Floor, Hoechst House, Nariman Point, Mumbai - 400 021
    2Quantum Asset Management Company Private Limited: 610, 6th floor, Neelyog Square, Opposite Ghatkopar Railway Station, Ghatkopar (E), Mumbai – 400 077
    2Quantum Asset Management Company Private Limited: 602, 6th floor, Siddharth Arcade, Above HSBC Bank, L.T. Road, Borivali West, Mumbai - 400 092
    4Quantum Asset Management Company Private Limited: Office No. – 117, DBS Business Center, 31-A, Cathedral Garden Road, Nungambakkam, Chennai- 600 034
    5Quantum Asset Management Company Private Limited: 1st Floor, Shajanand Complex Opp; Arvindbhai Avenue, (Old Citi Bank) Nr: Panchavati Petrol Pumps C.G Road, Ahmedabad - 380006
    6Karvy Computershare Private Limited- Karvy is our Registrar and Transfer Agent having many offices across India. Click here for all the locations available over India.

    Fill up the form and attach the mandatory documents

    For New Investors:

    Fill all the required information and attach the below mentioned documents as supporting.

    1Main application form along with the SIP AUTODEBIT MANDATE FORM (SIP through Auto Debit)
    2Main application form along with the SYSTEMATIC TRANSACTION FORM (SIP through Cheque)
    3Current dated at par cheque in favor of ‘Quantum ______________ scheme – your PAN number’
    4A cancelled copy of cheque (SIP through Auto Debit)
    5POST DATED CHEQUES (SIP through Cheque)
    6A self-attested copy of PAN of the unit holder(s)
    7KYC acknowledgement copy of the unit holder(s)

    For Existing Investors:

    Fill all the required information and attach the below mentioned documents as supporting.

    1SIP AUTODEBIT MANDATE FORM along with cancelled cheque (SIP through Auto Debit)
    2SYSTEMATIC TRANSACTION FORM along with Post-dated cheques (SIP through Cheque)

    Submission of the Form:

    You can submit your physical applications along with all required supporting documents at the addresses mentioned below:

    1Quantum Asset Management Company Private Limited: 7th Floor, Hoechst House, Nariman Point, Mumbai - 400 021
    2Quantum Asset Management Company Private Limited: 610, 6th floor, Neelyog Square, Opposite Ghatkopar Railway Station, Ghatkopar (E), Mumbai – 400 077
    2Quantum Asset Management Company Private Limited: 602, 6th floor, Siddharth Arcade, Above HSBC Bank, L.T. Road, Borivali West, Mumbai - 400 092
    3Quantum Asset Management Company Private Limited: Office No. - 117, DBS Business Center, 31-A, Cathedral Garden Road, Nungambakkam, Chennai- 600 034
    4Quantum Asset Management Company Private Limited: 1st Floor, Shajanand Complex Opp; Arvindbhai Avenue, (Old Citi Bank) Nr: Panchavati Petrol Pumps C.G Road, Ahmedabad - 380006
    5Karvy Computershare Private Limited- Karvy is our Registrar and Transfer Agent having many offices across India. Click here for all the locations available over India.
    6Drop your Applications at the Drop Box-
    We have tied up with Vichare Courier to offer facility of dropping the purchase application form along with the cheque and supporting at their drop boxes at various locations across Mumbai. By using this facility investor need not visit any of our Office or Karvy branch. The applications will be picked up directly and forwarded to our official point of contact.
    Click here to read the Drop-Box facility FAQs.
    Click here for all the Drop-Box locations available across Mumbai.
    7Call us on 1800 - 209 - 3863 / 1800 - 22- 3863 for picking your application and we will arrange an authorized person to come to your residence or office for as per your convenience. You can also write to us on Customercare@QuantumAMC.com for the same.
  • When does the SIP get activated?
    The request for SIP application should be received at our end within 21 business days prior to the SIP date opted by you in the form. After receiving the valid documents at our end, your SIP will be activated.
  • Are there any additional charges for Offline SIP?

    The Offline SIP facility is available at NO CHARGE. However charges can be levied by your bankers.

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

  • Under Offline SIP; how will I pay regularly during the SIP period?

    You can pay at regular intervals by giving Direct Debit instructions to your bank for the same.
    OR
    You can pay at regular intervals by giving Post-dated cheque and we will deposit the same.


  • Through which Banks can I invest using Offline SIP via Direct Debit mode?

    Below given is the list of Direct Debit banks for SIP.

    If your branch falls under Non ECS location/ Invalid MICR and if the bank is activated as DD bank, your SIP will still get registered successfully. It means that investor can have SIP from any branch of the direct debit irrespective of the MICR code or ECS location available in our list.

    Bank Of Baroda
    Bank Of India
    State Bank Of India
    Union Bank of India
    Punjab National Bank
    Axis Bank


  • What are the minimum Application Amount, minimum no. of installments required and frequency of dates available under each scheme?
    Note: Quantum Liquid Fund has only Monthly and Quarterly Frequency.

    Scheme NameFrequencies Available Under SIPDailyWeeklyFortnightlyMonthlyQuarterly
    Quantum Long Term Equity Value Fund, Quantum Equity Fund of Funds, Quantum Gold Savings Fund, Quantum Multi Asset Fund and Quantum Dynamic Bond Fund
    Minimum SIP AmountRs. 100/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Tax Saving Fund
    Minimum SIP AmountRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Liquid Fund
    Minimum SIP AmountNARs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / InstructionsNA64
    Frequency of DatesNA5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
  • Can I modify or cancel my existing SIP? If so how?

    Yes, you can!

    To cancel your existing SIP in Quantum Mutual Fund, you will need to submit either the SIP form or the written request mentioning your folio number, scheme name, SIP date and amount to this effect to our registered office address as mentioned below or any of our collection centers closest to you.

    You are requested to send us the SIP cancellation request 15 business days prior to the SIP date opted by you.If an SIP installment is due within 15 business days from the date of cancellation, that installment will be processed and your bank account will be debited for that SIP installment.

    To modify the SIP amount/frequency etc. registered at our end, you need to submit to us a SIP cancellation request to cancel your existing SIP and subsequently submit to us a fresh request for SIP registration. (The procedure for both is mentioned above).

  • Why should I invest through Offline SIP?
    If your present bank does not allow the direct debit facility for the SIP amount by a third party like Quantum Mutual Fund; you should invest through the Offline mode.
  • How will I know that my SIP registration has been carried out?
    In case your Email Id is registered in our records, you will be in receipt of a statement of account triggered to your registered Email ID, subsequent to your SIP transaction. In case your Email Id is not registered with us, you will be receipt of a physical statement of account dispatched at your registered mailing address on a quarterly basis.
  • How do I change my bank details provided for my existing SIP registered through offline?
    Offline SIP registered through Auto debit mode -

    If you wish to change the bank details for your existing Systematic Investment Plan (SIP) registered through the above mode, you need to submit a duly filled and signed One Time Mandate along with the SIP auto debit form indicating the option ‘Change in Bank Account’. Also, kindly submit a cancelled cheque copy of your new bank account.

    Note: The change in bank mandate request needs to be submitted 21 days prior the next SIP due date. Else the auto debit will be processed with the existing bank details.

    Offline SIP registered through Cheque -

    If you wish to change the bank details for your existing Systematic Investment Plan (SIP) registered through the above mode, kindly submit a Cancellation Request first and subsequently submit a fresh request for SIP registration.

    Note: Kindly ensure that the registration request is received 21 days prior to your subsequent SIP date. However the SIP cancellation request needs to be submitted 15 business days prior the next SIP date.

  • Will my Offline SIP stop if the auto debit is dishonored due to any reasons?
    Yes, the SIP Enrollment will be discontinued in cases where two consecutive SIP installments are not honored or the bank account is closed and no request for change in bank account has been submitted.
  • How will the exit load be charged in case of SIP purchase?

    The applicable exit load will be charged at the time of redemption/switch out/STP irrespective of the amount invested. In case of SIP, we follow FIFO (First In First Out) method to calculate the exit load. If you start 1 year SIP on 5th July 2011 in Quantum Long Term Equity Fund then the exit load for that month’s investment will be applicable up to 5th July 2013. The exit load for your last installment on 5th June 2012 will be NIL after 5th June 2014.

    Please find below the exit load structure of each scheme;

    Quantum Long Term Equity Value Fund: Please click here to view the load structure of the scheme
    Quantum Liquid Fund: Please click here to view the load structure of the scheme
    Quantum Tax Saving Fund: Please click here to view the load structure of the scheme
    Quantum Equity Fund of Funds: Please click here to view the load structure of the scheme
    Quantum Gold Savings Fund: Please click here to view the load structure of the scheme
    Quantum Multi Asset Fund: Please click here to view the load structure of the scheme
    Quantum Dynamic Bond Fund: Please click here to view the load structure of the scheme
    Quantum India ESG Equity Fund: Please click here to view the load structure of the scheme
  • What is Systematic Transfer Plan (STP)?

    STP refers to Systematic Transfer Plan where in an investor invests a lump sum amount in one scheme and regularly transfers (i.e. switches) a pre-defined amount into another scheme. According to the frequency of STP selected, on a specified date an amount chosen by the investor is transferred from the existing scheme to another of the investor’s choice.

  • How will the Online STP function?
    After registering the STP, on the date and the frequency chosen by you; the STP installment amount will be switched out from the source scheme and will be invested into the target scheme in which you wish to invest.
  • Why should I invest through STP?

    When you feel that your portfolio needs rebalancing, STP comes in handy and saves you from lots of operational hassles that would otherwise go in transferring funds into equity schemes.
    When market conditions are in favor of equity growth in near future, it’s good to skew your portfolio towards equity for better returns with the help of STP.

    Works as SIP: You can invest in a Debt funds and from there you can start a STP to an Equity Fund, so it works like a systematic Investment Plan (SIP).
    Works as SWP: STP can also work like SWP, because with some funds you can do transfer from Equity funds to Debt Funds, so when markets look risky you can start a STP from Equity to Debt funds, which will act like SWP.
    Liquidity: Generally one does STP from Debt to Equity funds, so your money is invested in Debt fund. This means you can sell it anytime if you want. Hence it works like an ‘Emergency Fund’ too. In case you need money urgently, it can act like a liquid asset.
    Growth in Money: Not to forget that your money is invested in Debt funds, so your money is also growing at debt returns.


  • Can I cancel or modify my Online STP? If so, how?
    Yes, you can modify/cancel your online STP. If you wish to modify/cancel the existing STP registered with us, you can do so by following the below mentioned procedures:
    Modification of the STPCancellation of the STP
    1 Visit www.QuantumAMC.com.
    2 Click on ‘Invest Online’ section and log in using your User Id/PAN and Password/OTP.
    3 Under ‘Transact’ click on 'STP' 
    4 Click on ‘Modify’ for the respective STP
    5 Modify the required details
    7 Click on ‘Submit’ option
    8. Confirm the STP modification request be clicking on ‘Confirm’
    1 Visit www.QuantumAMC.com.
    2 Click on ‘Invest Online’ section and log in using your User Id/PAN and Password/OTP.
    3 Under ‘Transact’ click on 'STP'
    4 Click on ‘Cancel’ for the respective STP
    5. Click on ‘Confirm’
    Note:
    1. The online STP modification/cancellation request needs to be submitted 10 business days prior to the next STP date opted by you online.
    2. In case the modification request received involves change in the STP amount and if any STP installment is due within 10 business days from the date of modification request received, the said installment will be processed as per the amount of the STP registered before modification
    3. Modification can only be done in the STP amount and STP end period
  • Which schemes of Quantum Mutual Fund offer Online STP facility?

    You can start STP, through Direct & Regular Plans for the following schemes:

    Quantum Long Term Equity Value Fund
    Quantum Liquid Fund
    Quantum Tax Saving Fund
    Quantum Equity Fund of Funds
    Quantum Gold Savings Fund
    Quantum Multi Asset Fund
    Quantum Dynamic Bond Fund
    Quantum India ESG Equity Fund
  • Tell me more about STP functionality.

    For an STP you can invest a lump sum amount in one scheme and regularly transfer a pre-defined amount into another scheme. Commonly, investors park a lump sum amount in a debt fund, from where a regular amount is transferred at periodic intervals into specific equity-oriented funds. It is similar to the drip investing concept of an SIP, the only difference being that money flows from one fund to another in case of an STP instead of being transferred from your bank account. This eliminates the risks associated with timing the market in case of lump sum investments and in turn offers the benefit of rupee cost averaging. You may choose a daily, weekly, monthly or a quarterly transfer plan, as per your needs.

    For an STP, you have to choose a fund from which the transfer is taking place (Transfer of scheme or fund) and a fund to which the transfer is taking place (Transferee Scheme or Fund). Transfers can be made daily, weekly, monthly or quarterly depending upon the STP chosen by you and the options available.

    The STP takes place in the form of units of the fund. This switch to the new scheme is carried out at the prevailing net asset value (NAV). Depending upon the NAV of the transferor fund, the redeemed units are converted in to redemption amount which is used to purchase the units of the transferee fund.

    Say if a person wants to invest in a fund ''''B'''' through STP, he will have to first select a fund ''''A'''' which allows STP. After selecting the fund ''''A'''', he will select fund ''''B'''' where the amount will be transferred. But instead of reallocating the entire amount, in STP you can select and set your amount and time period according to your risk appetite and the money will be regularly transferred from fund ''''A'''' to fund ''''B''''.

    The STP helps against any foreseen or sudden downfalls of the market.

  • What are the minimum Application Amount, minimum no. of installments required and frequency of dates available under each scheme?
    Scheme NameFrequencies Available Under STPDailyWeeklyFortnightlyMonthlyQuarterly
    Quantum Long Term Equity Value Fund, Quantum Equity Fund of Funds, Quantum India ESG Equity Fund, Quantum Gold Savings Fund, Quantum Multi Asset Fund, Quantum Dynamic Bond Fund
    Minimum STP AmountRs. 100/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Tax Saving Fund
    Minimum STP AmountRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Liquid Fund
    Minimum STP AmountRs. 100/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
  • How will I know that my Online STP registration has been carried out?

    You will receive a confirmation email and SMS with the details of your Online STP after successfully completing the registration process on our website.

    You can also check the status of your registration under the section Commercial Transactions > ‘STP’.

  • How do I apply for a Systematic Transfer Plan (STP) online?
    Currently only an existing investor with Quantum Mutual Fund can invest in STP through our online STP option.

    Follow a simple registration process as mentioned below to start an Online STP.
    1. Visit www.QuantumAMC.com.
    2. Click on Invest Online section and log in using your User Id/PAN and Password/OTP.
    3. Under ‘Transact’ click on ''STP''
    4. Click on ‘New STP Registration’
    5. Click on ‘Register STP’ for the respective source scheme
    6. Fill up the Online STP registration form
    7. Click on ‘Submit’ and confirm the STP registration request by clicking on ‘Confirm’ option
  • When does the online STP get activated?
    Online STP instructions will take 10 business days for registration with the registrar. The first STP transaction will be carried out only after the registration.
  • How will the exit load be charged in case of STP purchase?

    The applicable exit load will be charged at the time of STP according to the scheme features.

    Please find below the exit load structure of each scheme;

    Quantum Long Term Equity Value Fund: Please click here to view the load structure of the scheme
    Quantum Liquid Fund: Please click here to view the load structure of the scheme
    Quantum Tax Saving Fund: Please click here to view the load structure of the scheme
    Quantum Equity Fund of Funds: Please click here to view the load structure of the scheme
    Quantum Gold Savings Fund: Please click here to view the load structure of the scheme
    Quantum Multi Asset Fund: Please click here to view the load structure of the scheme
    Quantum Dynamic Bond Fund: Please click here to view the load structure of the scheme
    Quantum India ESG Equity Fund: Please click here to view the load structure of the scheme
  • Do I need to have a minimum balance in the scheme to start Online STP?
    Yes, to start Online STP you must have a minimum balance of Rs.5,000/- in the scheme you wish to invest from.
  • Are there any charges for online STP?
    The Online STP facility is available at NO CHARGE.
    However, in case you are opting to do STP from Quantum Long Term Equity Fund, Quantum Equity Fund of Funds, Quantum Gold Savings Fund and Quantum Multi Asset Fund then kindly make a note of the applicable exit loads for the scheme.
  • What is Systematic Transfer Plan (STP)?
    STP refers to Systematic Transfer Plan where in an investor invests a lump sum amount in one scheme and regularly transfers (i.e. switches) a pre-defined amount into another scheme. According to the frequency of STP selected, on a specified date an amount chosen by the investor is transferred from the existing scheme to another of the investor’s choice.
  • Why should I invest through STP?

    When you feel that your portfolio needs rebalancing, STP comes in handy and saves you from lots of operational hassles that would otherwise go in transferring funds into equity schemes.
    When market conditions are in favor of equity growth in near future, it’s good to skew your portfolio towards equity for better returns with the help of STP.

    You can invest in a Debt funds and from there you can start a STP to an Equity Fund, so it works like a systematic Investment Plan (SIP).
    Works as SWP: STP can also work like SWP, because with some funds you can do transfer from Equity funds to Debt Funds, so when markets look risky you can start a STP from Equity to Debt funds, which will act like SWP.
    Liquidity: Generally one does STP from Debt to Equity funds, so your money is invested in Debt fund. This means you can sell it anytime if you want. Hence it works like an ‘Emergency Fund’ too. In case you need money urgently, it can act like a liquid asset.
    Growth in Money: Not to forget that your money is invested in Debt funds, so your money is also growing at debt returns.


  • Can I cancel or modify my existing offline STP? If yes how?

    Yes, you can cancel your existing STP. To cancel your STP request, kindly submit to us a duly signed written request or Systematic Transaction Form by all the unit holder(s) according to the mode of holding. In the written request, kindly mention your folio number, the STP amount, STP date,  the scheme name in which you wish to cancel the STP and tick on ‘Cancellation’ in case you are submitting the STP form.

    You can modify the offline STP via online mode. Please Click Here to modify your STP.
    Note:
    Your request for STP cancellation (through offline/online) needs to be submitted 10 working days prior the STP date.
    The online modification of STP can only be done in the STP amount and the STP end period.

  • When does the offline STP get activated?
    STP instructions will take a minimum of 10 business days for registration with the registrar. The first transfer will be carried out only after the registration. Therefore, the date and months in which your STP commences and ends may change depending on the date of its registration.
  • How will the exit load be charged in case of STP purchase?

    The applicable exit load will be charged at the time of STP according to the scheme features.

    Please find below the exit load structure of each scheme;

    Quantum Long Term Equity Value Fund: Please click here to view the load structure of the scheme
    Quantum Liquid Fund: Please click here to view the load structure of the scheme
    Quantum Tax Saving Fund: Please click here to view the load structure of the scheme
    Quantum Equity Fund of Funds: Please click here to view the load structure of the scheme
    Quantum Gold Savings Fund: Please click here to view the load structure of the scheme
    Quantum Multi Asset Fund: Please click here to view the load structure of the scheme
    Quantum Dynamic Bond Fund: Please click here to view the load structure of the scheme
    Quantum India ESG Equity Fund: Please click here to view the load structure of the scheme
  • How do I apply for a Systematic Transfer Plan (STP) offline?

    For New Investors:

    Fill all the required information and attach the below mentioned documents as supporting.

    1Main application form along with the SYSTEMATIC TRANSACTION FORM
    2Current dated at par cheque in favor of ‘Quantum ______________ scheme – your PAN number’
    3A cancelled copy of cheque
    4A self-attested copy of PAN of the unit holder(s)
    5KYC acknowledgement copy of the unit holder(s)

    Note : Incase of first time purchase in Quantum Liquid Fund, a request for STP registration can be submitted only after allotment of units in this scheme. (Since allotment of units happen only after realization of funds)

    For Existing Investors

    Duly filled and signed Systematic Transaction Form

    Submission of the Form

    You can submit your physical applications along with all required supporting documents at the addresses mentioned below:

    1Quantum Asset Management Company Private Limited: 7th Floor, Hoechst House, Nariman Point, Mumbai - 400 021
    2Quantum Asset Management Company Private Limited: 610, 6th floor, Neelyog Square, Opposite Ghatkopar Railway Station, Ghatkopar (E), Mumbai – 400 077.
    3Quantum Asset Management Company Private Limited: 602, 6th floor, Siddharth Arcade, Above HSBC Bank, L.T. Road, Borivali West, Mumbai - 400 092
    4Quantum Asset Management Company Private Limited: Office No. – 117, DBS Business Center, 31-A, Cathedral Garden Road, Nungambakkam, Chennai- 600 034
    5Quantum Asset Management Company Private Limited: 1st Floor, Shajanand Complex Opp; Arvindbhai Avenue, (Old Citi Bank) Nr: Panchavati Petrol Pumps C.G Road, Ahmedabad - 380006
    6Karvy Computershare Private Limited- Karvy is our Registrar and Transfer Agent having many offices across India. Click here for all the locations available over India.
    7Drop your Applications at the Drop Box-
    We have tied up with Vichare Courier to offer facility of dropping the purchase application form along with the cheque and supporting at their drop boxes at various locations across Mumbai. By using this facility investor need not visit any of our Office or Karvy branch. The applications will be picked up directly and forwarded to our official point of contact.
    Click here to read the Drop-Box facility FAQs.
    Click here for all the Drop-Box locations available across Mumbai.
    8Inform us to avail the Cheque pick-up facility -
    Call us on 1800 - 209 - 3863 / 1800 - 22- 3863for picking your application and we will arrange an authorized person to come to your residence or office for as per your convenience. You can also write to us on Customercare@QuantumAMC.com for the same.
  • What are the minimum Application Amount, minimum no. of installments required and frequency of dates available under each scheme?
    Scheme NameFrequencies Available Under STPDailyWeeklyFortnightlyMonthlyQuarterly
    Quantum Long Term Equity Value Fund, Quantum Equity Fund of Funds, Quantum India ESG Equity Fund, Quantum Gold Savings Fund, Quantum Multi Asset Fund & Dynamic Bond Fund
    Minimum STP AmountRs. 100/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Tax Saving Fund
    Minimum STP AmountRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Liquid Fund
    Minimum STP AmountRs. 100/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
  • Tell me more about STP functionality.

    For an STP you can invest a lump sum amount in one scheme and regularly transfer a pre-defined amount into another scheme. Commonly, investors park a lump sum amount in a debt fund, from where a regular amount is transferred at periodic intervals into specific equity-oriented funds. It is similar to the drip investing concept of an SIP, the only difference being that money flows from one fund to another in case of an STP instead of being transferred from your bank account. This eliminates the risks associated with timing the market in case of lump sum investments and in turn offers the benefit of rupee cost averaging. You may choose a daily, weekly, monthly or a quarterly transfer plan, as per your needs.

    For an STP, you have to choose a fund from which the transfer is taking place (Transfer of scheme or fund) and a fund to which the transfer is taking place (Transferee Scheme or Fund). Transfers can be made daily, weekly, monthly or quarterly depending upon the STP chosen by you and the options available.

    The STP takes place in the form of units of the fund. This switch to the new scheme is carried out at the prevailing net asset value (NAV). Depending upon the NAV of the transferor fund, the redeemed units are converted in to redemption amount which is used to purchase the units of the transferee fund.

    Say if a person wants to invest in a fund ‘B’ through STP, he will have to first select a fund ‘A’ which allows STP. After selecting the fund ‘A’, he will select fund ‘B’ where the amount will be transferred. But instead of reallocating the entire amount, in STP you can select and set your amount and time period according to your risk appetite and the money will be regularly transferred from fund ‘A’ to fund ‘B’ .

    The STP helps against any foreseen or sudden downfalls of the market.

  • Do I need to have a minimum balance in the scheme to start STP?
    Yes, to start Online STP you must have a minimum balance of Rs.5,000/- in the scheme you wish to invest from.
  • Which schemes of Quantum Mutual Fund offer STP facility?

    You can start STP, through Direct & Regular Plans for the following schemes:

    Quantum Long Term Equity Value Fund
    Quantum Liquid Fund
    Quantum Tax Saving Fund
    Quantum Equity Fund of Funds
    Quantum Gold Savings Fund
    Quantum Multi Asset Fund
    Quantum Dynamic Bond Fund
    Quantum India ESG Equity Fund
  • What is Systematic Withdrawal Plan (SWP)?

    A Systematic Withdrawal Plan (SWP) is a facility that allows an investor to withdraw money from an existing mutual fund at predetermined intervals. The money withdrawn through a systematic withdrawal plan can be reinvested in another fund or retained by the investor in cash.
  • How do I apply for a Systematic Withdrawl Plan (SWP) online?

    Currently only an existing investor with Quantum Mutual Fund can invest in SWP through our online SWP option.

    1. Visit www.QuantumAMC.com.
    2. Click on Invest Online section and log in using your User id/PAN and Password/OTP.
    3. Under ‘Transact’ click on "SWP"
    4. Click on ‘New SWP Registration’
    5. Click on ‘Register SWP’ for the respective source scheme
    6. Fill up the Online SWP registration form
    7. Click on ‘Submit’ and confirm the SWP registration request by clicking on ‘Confirm’ option
  • Can I cancel or modify my Online SWP? If so, how?

    Yes, you can modify/cancel your online SWP.
    If you wish to modify/cancel the existing SWP registered with us, you can do so by following the below mentioned procedure:

    Modification of the SWPCancellation of the SWP
    1. Visit www.QuantumAMC.com.
    2. Click on ‘Invest Online’ section and log in using your User id/PAN and Password/OTP.
    3. Under ‘Transact’ click on "SWP" 
    4. Click on ‘Modify’ for the respective SWP
    5. Modify the required details
    6. Click on ‘Submit’ option
    7. Confirm the SWP modification request be clicking on ‘Confirm’
    1. Visit www.QuantumAMC.com.
    2. Click on ‘Invest Online’ section and log in using your User id/PAN and Password/OTP.
    3. Under ‘Transact’ click on "SWP" 
    4. Click on ‘Cancel’ for the respective SWP
    5. Click on ‘Confirm’

    Notes:
    1. The online SWP modification/cancellation request needs to be submitted 10 business days prior to the next STP date opted by you online.
    2. In case the modification request received involves change in the SWP amount and if any SWP installment is due within 10 business days from the date of modification request received, the said installment will be processed as per the amount of the SWP registered before modification
    3. Modification can only be done in the SWP amount and SWP end period
  • How will I know that my Online SWP registration has been carried out?

    You will receive a confirmation email/SMS with the details of your Online SWP after successfully completing the registration process on our website.

    You can also check the status of your registration under the section '' Commercial Transactions > SWP > Registered SWP ''.

  • When does the SWP get activated?
    SWP instructions will take 10 business days for registration with the registrar. The first withdrawal will be carried out only after the registration.
  • Which schemes of Quantum Mutual Fund offer the SWP facility?
    You can start SWP, through Direct & Regular Plans for the following schemes:

    Quantum Long Term Equity Value Fund
    Quantum Liquid Fund
    Quantum Tax Saving Fund
    Quantum Equity Fund of Funds
    Quantum Gold Savings Fund
    Quantum Multi Asset Fund
    Quantum Dynamic Bond Fund
    Quantum India ESG Equity Fund
  • Are there any charges for online SWP?

    The Online SWP facility is available at NO CHARGE.

    However, in case you are opting to do SWP from Quantum Long Term Equity Value Fund, Quantum Equity Fund of Funds, Quantum Gold Savings Fund and Quantum Multi Asset Fund then kindly make a note of the applicable exit loads for the scheme.
  • Do I need to have a minimum balance in the scheme to start SWP?
    Yes, to start a SWP you must have a minimum balance of Rs.5,000/- in the scheme you wish to invest from.
  • How will the exit load be charged in case of SWP purchase?
    The applicable exit load will be charged at the time of withdrawal according to the scheme features and respective load.

    Please find below the exit load structure of each scheme;

    Quantum Long Term Equity Value Fund: Please click here to view the load structure of the scheme
    Quantum Liquid Fund: Please click here to view the load structure of the scheme
    Quantum Tax Saving Fund: Please click here to view the load structure of the scheme
    Quantum Equity Fund of Funds: Please click here to view the load structure of the scheme
    Quantum Gold Savings Fund: Please click here to view the load structure of the scheme
    Quantum Multi Asset Fund: Please click here to view the load structure of the scheme
    Quantum Dynamic Bond Fund: Please click here to view the load structure of the scheme
    Quantum India ESG Equity Fund: Please click here to view the load structure of the scheme
  • Tell me more about SWP functionality.

    Systematic withdrawal plans are used by investors to create a regular flow of income from their investments. Investors looking for income at periodic intervals for e.g. funding a travel plan during the children’s summer vacations, also set up their withdrawals in such a way that the cash is available when most required.

    For an STP you can invest a lump sum amount in one scheme and regularly withdraw a pre-defined amount into another scheme.

    Let us assume you have 5,000 units in a Mutual Fund scheme. You have given instructions to the fund house that you want to withdraw Rs. 8,000 every month through SWP.

    Now let''s assume that on 1 December, the Net Asset Value (NAV) of the scheme is Rs. 20.
    Equivalent number of MF units = Rs. 8,000 / Rs. 20 = 400 units
    400 units would be redeemed from your MF holdings, and Rs. 8,000 would be given to you.
    Your remaining units = 5,000 - 400 = 4600 units

    Now let''''s assume that on 1 January, the NAV is Rs. 16.
    Equivalent number of units = Rs. 8,000 / Rs. 16 = 500 units
    500 units would be redeemed from your MF holdings, and Rs. 8,000 would be given to you.
    Your remaining units = 4600 - 500 = 4100 units

    This way, units from your mutual fund holdings are redeemed in a systematic way to provide you with continuous income.
  • Why should I invest through SWP?

    You can invest lump sum and get a fixed payout at fixed intervals which works like monthly income i.e. it allows the account holders to access their money at regular intervals.
    SWP is tax efficient for an investor who likes to save on dividend distribution tax.
    Convenience and Liquidity

    SWP is redemption from a scheme, so tax provisions apply accordingly.
  • What is the minimum application amount, minimum no. of installments required and frequency of dates available under each scheme?
    Scheme NameFrequencies Available Under SWPWeeklyFortnightlyMonthlyQuarterly
    Quantum Long Term Equity Value Fund, Quantum Equity Fund of Funds, Quantum India ESG Equity Fund, Quantum Gold Savings Fund, Quantum Multi Asset Fund and Quantum Dynamic Bond Fund
    Minimum SWP AmountRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions251364
    Frequency of Dates7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Tax Saving Fund
    Minimum SWP AmountRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafter
    Minimum No. of Installments / Instructions251364
    Frequency of Dates7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Liquid Fund
    Minimum SWP AmountRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions251364
    Frequency of Dates7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
  • What is Systematic Withdrawal Plan (SWP)?
    A Systematic Withdrawal Plan (SWP) is a facility that allows an investor to withdraw money from an existing mutual fund at predetermined intervals. The money withdrawn through a systematic withdrawal plan can be reinvested in another fund or retained by the investor in cash.
  • Why should I invest through SWP?

    You can invest lump sum and get a fixed payout at fixed intervals which works like monthly income i.e. it allows the account holders to access their money at regular intervals.
    SWP is tax efficient for an investor who likes to save on dividend distribution tax.
    Convenience and Liquidity

    SWP is redemption from a scheme, so tax provisions apply accordingly.
  • How will the exit load be charged in case of SWP purchase?

    You can start SWP for the following schemes: The applicable exit load will be charged at the time of withdrawal according to the scheme features and respective load.

    Please find below the exit load structure of each scheme;

    Quantum Long Term Equity Value Fund: Please click here to view the load structure of the scheme
    Quantum Liquid Fund: Please click here to view the load structure of the scheme
    Quantum Tax Saving Fund: Please click here to view the load structure of the scheme
    Quantum Equity Fund of Funds: Please click here to view the load structure of the scheme
    Quantum Gold Savings Fund: Please click here to view the load structure of the scheme
    Quantum Multi Asset Fund: Please click here to view the load structure of the scheme
    Quantum Dynamic Bond Fund : Please click here to view the load structure of the scheme
    Quantum India ESG Equity Fund: Please click here to view the load structure of the scheme
  • How do I apply for a Systematic Withdrawal Plan (SWP) offline?

    For New Investors:

    Fill all the required information and attach the below mentioned documents as supporting.

    1Main application form along with the SYSTEMATIC TRANSACTION FORM
    2Current dated at par cheque in favor of ‘Quantum ______________ scheme – your PAN number’
    3A cancelled copy of cheque
    4A self-attested copy of PAN of the unit holder(s)
    5KYC acknowledgement copy of the unit holder(s)

    For Existing Investors

    Fill all the required information and attach the below mentioned documents as supporting.

    Duly filled and signed Systematic Transaction Form

    Submission of the Form

    You can submit your physical applications along with all required supporting documents at the addresses mentioned below:

    1Quantum Asset Management Company Private Limited: 7th Floor, Hoechst House, Nariman Point, Mumbai - 400 021
    2Quantum Asset Management Company Private Limited: 610, 6th floor, Neelyog Square, Opposite Ghatkopar Railway Station, Ghatkopar (E), Mumbai – 400 077
    3Quantum Asset Management Company Private Limited: 602, 6th floor, Siddharth Arcade, Above HSBC Bank, L.T. Road, Borivali West, Mumbai - 400 092
    4Quantum Asset Management Company Private Limited: Office No. – 117, DBS Business Center, 31-A, Cathedral Garden Road, Nungambakkam, Chennai- 600 034
    5Quantum Asset Management Company Private Limited: 1st Floor, Shajanand Complex Opp; Arvindbhai Avenue, (Old Citi Bank) Nr: Panchavati Petrol Pumps C.G Road, Ahmedabad - 380006
    6Karvy Computershare Private Limited- Karvy is our Registrar and Transfer Agent having many offices across India. Click here for all the locations available over India.
    7Drop your Applications at the Drop Box-
    We have tied up with Vichare Courier to offer facility of dropping the purchase application form along with the cheque and supporting at their drop boxes at various locations across Mumbai. By using this facility investor need not visit any of our Office or Karvy branch. The applications will be picked up directly and forwarded to our official point of contact.
    Click here to read the Drop-Box facility FAQs.
    Click here for all the Drop-Box locations available across Mumbai.
    8Inform us to avail the Cheque pick-up facility - Call us on 1800 - 209 - 3863 / 1800 - 22- 3863for picking your application and we will arrange an authorized person to come to your residence or office for as per your convenience. You can also write to us on Customercare@QuantumAMC.com for the same.
  • What is the minimum application amount, minimum no. of installments required and frequency of dates available under each scheme?
    Scheme NameFrequencies Available Under SWPWeeklyFortnightlyMonthlyQuarterly
    Quantum Long Term Equity Value Fund, Quantum Equity Fund of Funds, Quantum India ESG Equity Fund, Quantum Gold Savings Fund, Quantum Multi Asset Fund and Quantum Dynamic Bond Fund
    Minimum SWP AmountRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions251364
    Frequency of Dates7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Tax Saving Fund
    Minimum SWP AmountRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafter
    Minimum No. of Installments / Instructions251364
    Frequency of Dates7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Liquid Fund
    Minimum SWP AmountRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions251364
    Frequency of Dates7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
  • Which schemes of Quantum Mutual Fund offer the SWP facility?
    You can start SWP, through Direct & Regular Plans for the following schemes:

    Quantum Long Term Equity Value Fund
    Quantum Liquid Fund
    Quantum Tax Saving Fund
    Quantum Equity Fund of Funds
    Quantum Gold Savings Fund
    Quantum Multi Asset Fund
    Quantum Dynamic Bond Fund
    Quantum India ESG Equity Fund
  • Can I cancel or modify my existing offline SWP? If yes how?

    Yes, you can cancel your existing SWP. To cancel your SWP request, kindly submit to us a duly signed written request or Systematic Transaction Form by all the unit holder(s) according to the mode of holding. In the written request, kindly mention your folio number, the SWP amount, SWP date and the scheme name in which you wish to cancel the SWP and tick on ‘Cancellation’ in case you are submitting the SWP form.

    You can modify the offline SWP via online mode. Please Click Here to modify your SWP..
    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.


    Note:
    Your request for SWP cancellation (through offline/online) needs to be submitted 10 working days prior the SWP date.
    The modification can only be done in the SWP amount and the SWP end period.

  • When does the offline SWP get activated?
    SWP instructions will take a minimum of 10 business days for registration with the registrar. The first transfer will be carried out only after the registration. Therefore, the date and months in which your SWP commences and ends may change depending on the date of its registration.
  • Do I need to have a minimum balance in the scheme to start SWP?
    Yes, to start a SWP you must have a minimum balance of Rs.5,000/- in the scheme you wish to invest from.
  • Tell me more about SWP functionality.

    Systematic withdrawal plans are used by investors to create a regular flow of income from their investments. Investors looking for income at periodic intervals for e.g. funding a travel plan during the children’s summer vacations, also set up their withdrawals in such a way that the cash is available when most required.

    For an SWP you can invest a lump sum amount in one scheme and regularly withdraw a pre-defined amount into another scheme.

    Let us assume you have 5,000 units in a Mutual Fund scheme. You have given instructions to the fund house that you want to withdraw Rs. 8,000 every month through SWP.

    Now let''''s assume that on 1 December, the Net Asset Value (NAV) of the scheme is Rs. 20.
    Equivalent number of MF units = Rs. 8,000 / Rs. 20 = 400 units
    400 units would be redeemed from your MF holdings, and Rs. 8,000 would be given to you.
    Your remaining units = 5,000 - 400 = 4600 units

    Now let''''s assume that on 1 January, the NAV is Rs. 16.
    Equivalent number of units = Rs. 8,000 / Rs. 16 = 500 units
    500 units would be redeemed from your MF holdings, and Rs. 8,000 would be given to you.
    Your remaining units = 4600 - 500 = 4100 units


    This way, units from your mutual fund holdings are redeemed in a systematic way to provide you with continuous income.

  • What is a Trigger?
    Triggers are options provided to the Unit holder enable automatic switch on the happening of the desired event. Triggers can help Investor make the most of market movements without the hassle of constant tracking. It provides information (alert based trigger) / initiates action (action based trigger). The Unit holder can specify a specific event/action, which may be related to time or value or a specific event/action in advance and when this event/action takes place the trigger will get activated. If then Unit holder has opted for alert based trigger, this facility will "ALERT" (via Mail/SMS) the Unit holder after meeting the specifications provided by the investor. If the Unit holder has opted for action based trigger, the system will process the transaction (switch) on the basis of the specifications provided by the Unit holder.
  • Can a Unit holder apply for Trigger for multiple transactions in one Trigger request?
    No. Use separate trigger application form for each transaction of a scheme/plan /option.
  • Will the intra-day points of BSE/NSE be considered for transactions on the day of the activation of the Trigger?
    No. Only end of the day closing points of BSE/NSE will be considered for activating the trigger. Percentage rise/falls will be calculated by taking the base index as on the investment date.
  • What is the base for activation of the Trigger?
    If the trigger is a time based trigger, the time event prescribed by the Unit holder would be the base of activation of the trigger. If the trigger is event based, the happening of the event prescribed by the Unit holder is the base for activation of the Trigger.
  • Which value will be considered for trigger execution in Investment Value/NAV change?
    The end of the day NAV based Price of Investment  on the day of registration of the trigger will be compared with the NAV based Price of Investment (without considering exit load) of each subsequent business day till the occurrence of the trigger event prescribed by the Unit holder.
  • Is there a limit on number of triggers options that can be set?
    No. Unit holder can select multiple Trigger options available in the form. However, out of selected options, trigger will be actioned only for the option which meets the set criteria prior to other options. The other options selected will get deactivated.
  • How is the Unit holder informed about the execution of the trigger?
    The Unit holder is informed about the execution and the subsequent transaction through the SMS/physical/E-mail account statement as opted in Application form.
  • What are the different kinds of triggers available to the Unit holders?

    The various types of Triggers available to the Unit holder are:< /p>

    a. Event-based Triggers: Unit holder can also set triggers based on the occurrence of a particular external event that affects the value of investment. For example,

    • Value of investment reaches or crosses a particular value
    • Investment Value appreciates by specified %
    • Capital appreciation of a particular amount
    • NAV reaches or crosses a particular value
    • NAV appreciates by specified %
    • Switch on a particular day or date
    • BSE Sensex Rise/Fall by specific points/percentage
    • BSE /NSE Sensex reaches specific points/percentage
    • NSE NIFTY Rise/Fall by specific points/percentage

    b. Time based Triggers: Time based triggers are actioned on the day and /or date opted by the investor. For e.g. If investor has opted particular day or date trigger for redeeming specified amount to buy some gift for his/her relative’s birthday, a trigger could be set based on the date as requested by the Unit holder or Investor can give a redemption request before a specific date - 25th Wedding Anniversary,  retirement date, three years from date of trigger or  son/daughter reaches the age of 21.

  • Where the Trigger Form is available?
    Trigger Form is available at all our branches, designated Investor Service Centers of Quantum Mutual Fund and on the website www.QuantumAMC.com. under ''Download'' section
  • What are the various options available to the Unit holders on the activation of action based Trigger?
    On the day of the happening of the event the Unit holder can choose from the following options
      • Full switch from Liquid Scheme into other schemes of Quantum Mutual Fund
      • Switch of certain number of units
      • Switch of certain amount
      • Switch of only gains into other schemes of Quantum Mutual Fund
      • Switch original investment amount in Liquid scheme to any other scheme.
      • Switch Gain amount in Liquid Scheme to any other schemes
  • Can a set trigger be modified?
    Yes, the Trigger can be modified by submitting a duly signed request letter. Three (3) business days’ time is required to update the modified trigger request at our end.
  • How is the application for a trigger made?
    The application for a trigger is made by submitting the duly filled and signed Trigger application form at designated Investor Service Centers of Quantum Mutual Fund.
  • Can a trigger once activated be set again?
    Yes. You can select the recurring trigger option available in Trigger Form. However, if the said option is not selected, a fresh request for activation of the same has to be made.
  • Who executes the Trigger?
    The AMC will execute the trigger on the Unit holder''s behalf.
  • How is a Trigger useful to the Investor?
    Trigger facility helps the Unit holders to minimize the loss and/or timely book the profits. Also trigger is an additional facility provided to the Unit holders to save time on completing switch formalities on happening of a particular predetermined event.
  • Who sets / defines the trigger?
    The Unit holder has to set the Trigger.
  • Can I submit trigger request after partial switch out?
    Yes, In case Trigger request is received after partial switch-out from the Original Invested amount in liquid scheme, then the said trigger will be actioned after fulfillment of the Original invested amount. Example: - Investor invested Rs.30,000/- on 1/2/2010 , and switched 5,000/- on 20/4/2010. Trigger request for appreciation is received for transaction (of 30,000/-) on 15/05/2010. Trigger will be actioned after the original invested amount reaches Rs.30, 000/-.
  • How does the Trigger work?

    A Trigger will activate a transaction / alert when the event selected for has reached the value greater than/ equal to the specified particular value i.e. Trigger Point.

    Eg:  Mr. Z bought 5000 units at NAV of 11.00. If  Mr. Z wants to switch all his units when the NAV reaches 15.00, he has to keep track of the NAV daily and then send a switch request within a stipulated time period for effecting the switch at the NAV of the intended day.

    However, instead of keeping a track of the NAV everyday, Mr.ZA can set a Trigger: To switch all units when NAV is 13 or more. In this case, the AMC will keep track on behalf of Mr. Z and switch his units on the day when the NAV reaches 13 or more. Thus Trigger is useful in financial planning.