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Frequently Asked Questions (FAQs)

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  • 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 of Funds
    •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 of Funds 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)
    Allahabad BankLiveLiveBoth
    Andhra BankLiveLiveBoth
    Andhra Pragathi Grameena BankLiveNAView and Pay only
    Dr. Annasaheb Chougule Urban Co-op. Bank LtdLiveNAView and Pay only
    Axis Bank LimitedLiveLiveBoth
    Bandhan BankLiveLiveBoth
    Bank of BarodaLiveLiveBoth
    Bank Of MaharashtraLiveLiveView and Pay only
    Gujarat State Co-op. Bank LiveNAView and Pay only
    Thrissur Co-op. Bank LiveNAView and Pay only
    CITI BankLiveLiveBoth
    Corporation BankLiveNABoth
    COSMOS BankLiveLiveBoth
    Catholic Syrian BankLiveNABoth
    City Union BankLiveLiveBoth
    Development Bank Of SingaporeLiveLiveBoth
    DCB BankLiveLiveBoth
    Dhanlaxmi BankLiveLiveView and Pay only
    EQUITASLiveLiveBoth
    Federal bank LiveLiveBoth
    FirstRand Bank LiveNAView and Pay only
    HDFC BankLiveLiveBoth
    Hong Kong and Shanghai Banking CorporationLiveLiveView and Pay only
    IDFCLiveLiveBoth
    Indus BankLiveLiveBoth
    Indian Bank
    		LiveLiveBoth
    Indian Overseas BankLiveLiveBoth
    karnataka Bank LtdLiveLiveView and Pay only
    Kotak Mahindra Bank LiveLiveBoth
    Karur Vysya Bank LimitedLiveNABoth
    Lakshmi Vilas BankLiveLiveView and Pay only
    The Meghalaya Co-Operative Apex Bank LtdLiveNAView and Pay only
    Maharashtra Gramin Bank LiveNAView and Pay only
    NKGSB BANK LiveLiveboth
    Nilampur Co-operative BankLiveNAView and Pay only
    Oriental Bank of Commerce LiveLiveBoth
    Ottapalam Co-operative BankLiveNAView and Pay only
    Punjab National BankLiveLiveBoth
    Ratnakar Bank LiveNAView and Pay only
    RBL BankLiveLiveBoth
    SBILiveLiveBoth
    Standard Chartered Bank LiveLiveBoth
    Shivalik BankLiveNAView and Pay only
    South Indian bankLiveLiveBoth
    The Surat People's Co-op. Bank LtdLiveNAView and Pay only
    Saraswat BankLiveNAView and Pay only
    Samurao Vittal Co-operative BankLiveNAView and Pay only
    Shivalik BankLiveNAView and Pay only
    Tamil Nadu State Apex Co-operative Bank Ltd.LiveNAView and Pay only
    Union Bank of IndiaLiveNABoth
    UCO BankLiveLiveBoth
    Yes Bank LiveLiveBoth
    ICICI BankLiveLiveBoth
    IDBI BankLiveLiveBoth
    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 5 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 of Funds: 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