Investment
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Frequently Asked
Questions
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 The money withdrawn through a systematic withdrawal plan can be reinvested in another fund or retained by the investor in cash.
Currently only an existing investor with Quantum Mutual Fund can invest in SWP through our online SWP option.
Visit www.QuantumAMC.com.
Click on Login section and log in using your User id/PAN and Password/OTP.
Under ‘Transact’ click on "SWP"
Click on ‘SWP Registration’
Click on ‘Register SWP’ for the respective source scheme
Fill up the Online SWP registration form
Click on ‘Submit’ and confirm the SWP registration request by clicking on ‘Confirm’ option
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 SWP | Cancellation of the SWP |
|---|---|
|
|
Notes:
- The online SWP modification/cancellation request needs to be submitted 10 business days prior to the next STP date opted by you online.
- 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
- Modification can only be done in the SWP amount and SWP end period
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 '' Transact > SWP > Registered SWP ''.
SWP instructions will take 10 business days for registration with the registrar. The first withdrawal will be carried out only after the registration.
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 of Funds |
| • | Quantum Dynamic Bond Fund |
| • | Quantum India ESG Equity Fund |
| • | Quantum Nifty 50 ETF Fund of Fund |
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.
Yes, to start Online STP you must have a minimum balance of Rs.5,000/- in the scheme you wish to invest from.
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;
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
• Quantum Nifty 50 ETF Fund of Fund: Please click here to view the load structure of the scheme
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. | • | 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.
| Scheme Name | SWP Options | Weekly | Fortnightly | Monthly | Quarterly |
| Quantum Long Term Equity Value Fund / Quantum India ESG Equity Fund / Quantum Equity Fund of Funds / Quantum Gold Savings Fund / Quantum Multi Asset Fund of Funds / Quantum Dynamic Bond Fund / Quantum Nifty 50 ETF Fund of Fund | |||||
| Minimum SWP amount | ₹500/- and in multiples of ₹1/- thereafter | ₹500/- and in multiples of ₹1/- thereafter | ₹500/- and in multiples of ₹1/- thereafter | ₹500/- and in multiples of ₹1/- thereafter | |
| Minimum SWP Installments | 25 | 13 | 6 | 4 | |
| Quantum ELSS Tax Saver Fund | |||||
| Minimum SWP amount | ₹500/- and in multiples of ₹500/- thereafter | ₹500/- and in multiples of ₹500/- thereafter | ₹500/- and in multiples of ₹500/- thereafter | ₹500/- and in multiples of ₹500/- thereafter | |
| Minimum SWP Installments | 25 | 13 | 6 | 4 | |
| Quantum Liquid Fund | |||||
| Minimum SWP amount | ₹500/- and in multiples of ₹1/- thereafter | ₹500/- and in multiples of ₹1/- thereafter | ₹500/- and in multiples of ₹1/- thereafter | ₹500/- and in multiples of ₹1/- thereafter | |
| Minimum SWP Installments | 25 | 13 | 6 | 4 |
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