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Frequently Asked Questions (FAQs)

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  • 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 The money withdrawn through a systematic withdrawal plan can be reinvested in another fund or retained by the investor in cash.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: 6th Floor, Hoechst House, Nariman Point, Mumbai - 400 021
    2Karvy Computershare Private Limited- Karvy is our Registrar and Transfer Agent having many offices across India. Click here for all the locations available over India.
    3Drop 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.
    4Inform 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 of Funds
    •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.