Frequently Asked Questions (FAQs)

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  • Tell me more about Quantum Mutual Fund (QMF)? Why should I invest with QMF?

    Welcome to Quantum Mutual Fund!!

    It is pertinent to note that Quantum Mutual Fund is India’s first Direct to Investor fund house

    We offer simple and easy-to-understand products across asset classes (Equity, Liquid/Debt and Gold) through Direct & Regular Plans.
    We started in 2006 as the 29th Fund house and our USPs are;

    1st Direct to Investor Mutual Fund house.
    Disciplined research and investment processes.
    Low Cost schemes with one of the lowest expense ratios in the industry.
    INVEST ONLINE- Complete paperless investment facility.

    Please Click here to know more about our investment philosophy.
  • Who can invest in the Schemes of QMF?

    This is an indicative list and you are requested to consult your financial advisor to ascertain whether the scheme is suitable to your risk profile.
    The following persons are eligible and may apply for subscription to the Units of the Scheme (subject, wherever relevant, to purchase of units of mutual funds being permitted under relevant statutory regulations and their respective constitutions):

    1.Resident adult individuals either singly or jointly (not exceeding three); or on an Anyone or Survivor basis
    2.Karta of Hindu Undivided Family (HUF);
    3.Public Sector Undertakings, Association of Persons or a body of individuals whether incorporated or not;
    4.Minors through parent / legal guardian;
    5.Partnership Firms & Limited Liability Partnerships (LLP);
    6.Companies, Bodies Corporate and societies registered under the Societies Registration Act, 1860;
    7.Banks & Financial Institutions;
    8.Mutual Funds registered with SEBI / Alternative Investment Funds registered with SEBI;
    9.Religious and Charitable Trusts, Wakfs or endowments of private trusts (subject to receipt of necessary approvals as required) and Private trusts authorised to invest in mutual fund schemes under their trust deeds;
    10.Non-Resident Indians (NRIs/) Persons of Indian origin residing abroad (PIO) on repatriation basis or on non-repatriation basis;
    11.Foreign Institutional Investors (FIIs) registered with SEBI on repatriation basis;
    12.Foreign Portfolio Investors (FPI) registered with SEBI on repatriation basis;
    13.Army, Air Force, Navy and other para-military units and bodies created by such institutions;
    14.Scientific and Industrial Research Organisations;
    15.Multilateral Funding Agencies / Bodies Corporate incorporated outside India with the permission of Government of India / Reserve Bank of India;
    16.Other schemes of Quantum Mutual Fund subject to the conditions and limits prescribed by SEBI Regulations;
    17.Trustee, AMC or Sponsor or their associates may subscribe to Units under the Scheme;
    18.Such other individuals / institutions / body corporate etc., as may be decided by the Mutual Fund from time to time, so long as wherever applicable they are in conformity with SEBI Regulations.

    All categories of investors (whether existing or new Unitholders) as permitted under the Scheme Information Document of the Schemes are eligible to subscribe under Regular / Direct Plan. Investments under Direct Plan can be made through various modes offered by the Fund for investing directly with the Fund {except Stock Exchange Platform(s) and all other Platform(s) where investors’ applications for subscription of units are routed through Distributors}.


  • Who cannot invest in the schemes of QMF?

    It should be noted that the following categories of investors cannot invest in the Scheme(s):

    1.Any person who is a foreign national.
    2.Non-Resident Indians residing in the USA and Canada or an FATF (Financial Action Task Force) non-compliant country/territory.
    3.Qualified Foreign Investors (QFI).

    The Fund reserves the right to include/exclude new/existing categories of Investors to invest in the Scheme from time to time, subject to SEBI Regulations and other prevailing statutory regulations, if any.


    Note: 1. In case of application under a Power of Attorney or by a limited company or a corporate body or an eligible institution or a registered society or a trust fund, the original Power of Attorney or a certified true copy duly notarised or the relevant resolution or authority to make the application as the case may be, or duly notarised copy thereof, along with a certified copy of the Memorandum and Articles of Association and/or bye -laws and / or trust deed and / or partnership deed and Certificate of Registration should be submitted. The officials should sign the application under their official designation. A list of specimen signatures of the authorised officials, duly certified / attested should also be attached to the Application Form. In case of a Trust / Fund it shall submit a resolution from the Trustee(s) authorizing such purchases and Repurchase / Redemptions.

    Applications failing to fulfill the above-stipulated conditions are liable to be rejected

    2. Returned cheques are not liable to be presented again for collection, and the accompanying application forms are liable to be rejected. In case the returned cheques are presented again, the necessary charges, if any, are liable to be debited to the investor.

    3. RBI has vide Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, granted a general permission to NRIs / Persons of Indian Origin residing abroad (PIOs) and FIIs and Foreign Portfolio Investors (FPI) for purchasing/ Repurchasing /Redeeming Units of the mutual funds subject to conditions stipulated therein.

    All cheques and bank draft accompanying the application form should contain the application form number on its reverse side. It is mandatory for every applicant to provide the bank, branch, address, account type and number as per SEBI requirements and any Application Form without these details will be treated as incomplete. Such incomplete application will be rejected.

  • Can a Non Resident Indian (NRI) invest in the schemes of QMF?

    Yes, NRI’s can invest in the Quantum Mutual Fund schemes, provided that the country of residence is a part of the FATF (Financial Action Task Force) compliant country/territory.

    However, NRI’s residing in the United States of America (USA) and Canada cannot invest in the Quantum Mutual Fund Schemes.

  • Which schemes that are currently offered by Quantum Mutual Fund (QMF)?
    Currently Quantum Mutual Fund offers the following schemes:
    1.Quantum Long Term Equity Value Fund (An Open Ended Equity Scheme following a Value Investment Strategy)
    2.Quantum Liquid Fund (An Open Ended Liquid Scheme)
    3.Quantum Tax Saving Fund (An Open Ended Equity Linked Saving Scheme with a Statutory Lock in of 3 years and Tax Benefit)
    4.Quantum Equity Fund of Funds (An Open Ended Fund of Funds scheme Investing in Open Ended Diversified Equity Schemes of Mutual Funds)
    5.Quantum Gold Savings Fund (An Open Ended Fund of Fund Scheme Investing in Quantum Gold Fund)
    6Quantum India ESG Equity Fund (An Open Ended following Environment, Social and Governance (ESG) “ Swacch” theme)
    7.Quantum Multi Asset Fund of Funds (An Open Ended Fund of Funds Scheme Investing in schemes of Quantum Mutual Fund)
    8.Quantum Dynamic Bond Fund (An Open Ended Dynamic Debt Scheme Investing Across Duration)
    Exchange Traded Funds offered are as below:
    9.Quantum Gold Fund ETF (An Open Ended Scheme Replicating / Tracking Gold)
    10.Quantum Nifty ETF (An Open Ended Scheme Replicating / Tracking Nifty 50 Index)
  • Which are the Options / facilities and the default option/ facilities for all the schemes of QMF?
    Scheme NamePlansOptions AvailableDefault Option (In case the option/sub-option is not indicated)
    Quantum Long Term Equity Value FundDirect/Regular
    i) Growth Option

    ii) IDCW Option
    - IDCW Pay-Out Facility
    - IDCW Re-investment Facility
    - Growth Option

    - IDCW Reinvestment Facility
    Quantum Liquid FundDirect/Regular- Growth
    - Daily IDCW Reinvestment
    - Monthly IDCW Re-investmentOption .
    - Growth option
    Quantum Tax Saving FundDirect/Regulari) Growth Option

    ii) IDCW Option
    - Growth Option

    - IDCW Pay-Out Facility
    Quantum Equity Fund Of FundsDirect/Regulari) Growth Option

    ii) IDCW Option
    - IDCW Pay-Out Facility
    - IDCW Re-investment Facility
    - Growth Option

    - IDCW Reinvestment Facility
    Quantum India ESG Equity FundDirect/RegularGrowth optionGrowth option
    Quantum Gold Savings FundDirect/RegularGrowth optionGrowth option
    Quantum Multi Asset Fund of FundsDirect/RegularGrowth optionGrowth option
    Quantum Dynamic Bond FundDirect/Regular- Growth
    - Monthly IDCW Reinvestment
    - Monthly IDCW Payout
    Growth option
    Quantum Gold Fund*NAGrowth optionGrowth option
    Quantum Index Fund*NAGrowth optionGrowth option
    * ETF Schemes
    Note -
    IDCW stands for "Income Distribution cum Capital Withdrawal"
  • What are the different features available under the schemes of QMF?

    The following features are available in the scheme:


    Systematic Investment Plan (SIP): This feature enables investors to save and invest periodically over a long period of time. Click here to know more about SIP in detail.

    Systematic Withdrawal Plan (SWP): This feature enables an investor to withdraw amount/units from their holdings in the Scheme at periodic intervals through a one-time request. Click here to know more about SWP in detail.

    Systematic Transfer Plan (STP): This feature enables an investor to transfer fixed amounts from their accounts in the Scheme to another scheme within a folio from time to time. Click here to know more about STP in detail.

    Click here to view switch matrix for the applicable NAV.

    Triggers: A trigger is a facility that allows you to specify an exit target (linked to value or time) or to receive an update when the desired levels are reached. The moment this target is achieved, the trigger gets activated. There can be Alert triggers or Action triggers.

    Click here to view the FAQ on Trigger Facility.

    Please note that these features are not available under Exchange traded funds i.e. Quantum Gold Fund and Quantum Index fund.

  • What are the minimum purchase /additional purchase amount for all schemes of QMF?
    Scheme NameMinimum Purchase Amount (Rs.)Minimum Additional Purchase (Rs.)
    Quantum Long Term Equity Value FundRs. 500/- and in multiples of Re.1/-thereafterRs. 500/- and in multiples of Re.1/-thereafter or 50 units
    Quantum Liquid Fundi) Growth Option - Rs. 5,000/- and in multiples of Re.1/- thereafter.Rs. 500/- and in multiples of
    Re. 1/- thereafter or 50 units
    ii) Monthly IDCW Re-investment Option - Rs. 10,000/- and in multiples of Re. 1/- thereafter.
    iii) Daily IDCW Re - investment Option -
    Rs. 1,00,000/- and in multiples of
    Re. 1/- thereafter.
    Quantum Tax Saving FundRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of
    Rs. 500/- thereafter
    Quantum Equity Fund Of FundsRs. 500/- and in multiples of Re.1/-thereafterRs. 500/- and in multiples of
    Re.1/-thereafter or 50 units
    Quantum India ESG Equity FundRs. 500/- and in multiples of Re.1/-thereafterRs. 500/- and in multiples of
    Re.1/-thereafter or 50 units
    Quantum Gold Savings FundRs. 500/- and in multiples of Re.1/-thereafterRs. 500/- and in multiples of
    Re.1/-thereafter or 50 units
    Quantum Multi Asset Fund of FundsRs. 500/- and in multiples of Re.1/-thereafterRs. 500/- and in multiples of
    Re.1/-thereafter or 50 units
    Quantum Dynamic Bond Fundi) Growth Option - Rs. 500/- and in multiples of Re.1/- thereafter.Rs. 500/- and in multiples of
    Re. 1/- thereafter or 50 units
    ii) Monthly IDCW Payout Option - Rs. 500/- and in multiples of Re. 1/- thereafter.
    iii) Monthly IDCW Re - investment Option -
    Rs. 500/- and in multiples of
    Re. 1/- thereafter.
    Quantum Gold Fund*Directly with Fund: The investors can create / redeem in exchange of Portfolio Deposit and Cash Component in creation unit size at NAV based Price. On the Exchange: Approx equal to price of ½ gram of Gold quoted on the NSE. On NSE, the units can be purchased /sold in minimum lot of 1 unit and in multiples thereof.NA
    Quantum Index Fund*Directly with Fund: The investors can create / redeem in exchange of Portfolio Deposit and Cash Component in creation unit size at NAV based Price. On the Exchange: At prices which may be close to the NAV of QIF Units. On NSE, the units can be purchased / sold in minimum lot of 1 unit and in multiples thereof. The units of QIF issued under the scheme will be approximately equal to the price of 1/10 (one-tenth) of the S&P CNX Nifty Index.NA
    *Exchange Traded Funds

    Note:
    IDCW stands for "Income Distribution cum Capital Withdrawal"
  • What is Net Asset Value (NAV) of a scheme?

    The Net Asset Value is the market value of the securities held by the scheme. The NAV per unit is the market value of securities of a scheme divided by the total number of units of the scheme on any particular date.

    e.g. If the value of all the securities in a scheme is Rs. 10,000 and the total number of units issued = 1,000, the NAV per unit will be 10,000/1,000 = Rs. 10.

  • How can I invest in Quantum Mutual Fund Schemes?
    PLEASE NOTE THAT YOU NEED TO BE KYC COMPLIANT TO INVEST WITH US.

    Click here to know more about KYC.

    You can invest in our Schemes through the following modes:
    1.Through our Invest Online portal
    2.By submitting physical transaction requests offline
    3.Through your mobile phone/computer using SMS, WhatsApp, Email, Fax
    4.Through the stock exchange platform
    5.Mutual Fund Utility Platform
    Choose your preferred mode and click on the below links to read more and invest with us.
    Quantum Mutual Fund FAQ Logo

    Please note that for ETF schemes i.e. QGF and QIF you will have to read the respective SID of the schemes.
  • How will I come to know that my application is processed? Will I get any confirmation?

    Yes. On acceptance of the application for subscription, an allotment confirmation along with the account statement (password protected) specifying the number of units alloted by way of email/or SMS (if the mobile number is not registered under the Do Not Call Registry) within 5 business days from the date of receipt of transaction request is triggered to the investor. The password to open transactional statements is Primary holder’s / Guardian PAN in capital letter

    Note: For G-mail users here are the below steps to open the PDF statement:

    1. Click on the PDF attachment and enter the password
    2. Click on ‘Open With’
    3. Select ‘DocHub or Lumin PDF’
    4. Please enter your Password and click on create document
    5. After clicking on Create document it will open the document.

     

    Thereafter, a CAS for each calendar month shall be sent by mail/email on or before 10th of the succeeding month to the unitholders.

    Also you can generate the Statement of Account via login using password at our Invest Online Portal /Mail Back Facility.

    Note: The password to open the statement generated via Login using password/Login using OTP/Mail Back facility will be the first holder / guardian PAN (in capital). For example, if the PAN is ABCDE1000F, then the correct password will be ABCDE1000F and not abcde1000f.

    PAN Exempt Investor : Please enter the reference number provided by KRA (in capital) to open the attachment.

  • Can I hold the units of QMF scheme in Demat mode?

    Yes, there is an option to hold the units in dematerialized mode. To avail the same you should have a Demat/beneficiary account with a DP (depository participant) and need to mention all the details of your account number and DP while filling the application form.

    Click here to view the FAQs on Demat.

    Please note that the units of Exchange traded funds i.e. Quantum Gold Fund and Quantum Index fund can only be held in Demat form.

  • What are the ISIN numbers of Quantum Mutual Fund schemes?
    The ISIN details of all our schemes are as follows:

    ISIN NumberScheme name
    INF082J01036Quantum Long Term Equity Value Fund - Direct Plan Growth option
    INF082J01044Quantum Long Term Equity Value Fund - Direct Plan IDCW Payout option
    INF082J01051Quantum Long Term Equity Value Fund - Direct Plan IDCW Re-Investment option
    INF082J01242Quantum Long Term Equity Value Fund - Regular Plan Growth option
    INF082J01259Quantum Long Term Equity Value Fund - Regular Plan IDCW Payout option
    INF082J01267Quantum Long Term Equity Value Fund - Regular Plan IDCW Re-Investment option
    INF082J01069Quantum Tax Saving Fund - Direct Plan Growth option
    INF082J01077Quantum Tax Saving Fund - Direct Plan IDCW Payout option
    INF082J01366Quantum Tax Saving Fund - Regular Plan Growth option
    INF082J01374Quantum Tax Saving Fund - Regular Plan IDCW Payout option
    INF082J01093Quantum Equity Fund Of Funds - Direct Plan Growth option
    INF082J01101Quantum Equity Fund Of Funds - Direct Plan IDCW Payout option
    INF082J01119Quantum Equity Fund Of Funds - Direct Plan IDCW Re-Investment option
    INF082J01275Quantum Equity Fund Of Funds - Regular Plan Growth option
    INF082J01283Quantum Equity Fund Of Funds - Regular Plan IDCW Payout option
    INF082J01291Quantum Equity Fund Of Funds - Regular Plan IDCW Re-Investment option
    INF082J01127Quantum Liquid Fund - Direct Plan Growth option
    INF082J01135Quantum Liquid Fund - Direct Plan Daily IDCW Re-Investment option
    INF082J01143Quantum Liquid Fund - Direct Plan Monthly IDCW Payout option
    INF082J01200Quantum Liquid Fund - Direct Plan Monthly IDCW Re-Investment option
    INF082J01309Quantum Liquid Fund - Regular Plan Growth option
    INF082J01317Quantum Liquid Fund - Regular Plan Daily IDCW Re-Investment option
    INF082J01325Quantum Liquid Fund - Regular Plan Monthly IDCW Payout option
    INF082J01333Quantum Liquid Fund - Regular Plan Monthly IDCW Re-Investment option
    INF082J01150Quantum Gold Savings Fund - Direct Plan Growth option
    INF082J01358Quantum Gold Savings Fund - Regular Plan Growth option
    INF082J01168 Quantum Multi Asset Fund of Funds - Direct Plan Growth option
    INF082J01341Quantum Multi Asset Fund of Funds - Regular Plan Growth option
    INF082J01176Quantum Dynamic Bond Fund - Direct Plan Growth option
    INF082J01184Quantum Dynamic Bond Fund - Direct Plan Monthly IDCW Payout option
    INF082J01192Quantum Dynamic Bond Fund - Direct Plan Monthly IDCW Re-Investment option
    INF082J01218Quantum Dynamic Bond Fund - Regular Plan Growth option
    INF082J01226Quantum Dynamic Bond Fund - Regular Plan Monthly IDCW Payout option
    INF082J01234Quantum Dynamic Bond Fund - Regular Plan Monthly IDCW Re-Investment option
    INF082J01382Quantum India ESG Equity Fund-Direct Plan-Growth
    INF082J01390Quantum India ESG Equity Fund-Regular Plan-Growth
    INF082J01010Quantum Gold Fund - ETF
    INF082J01028Quantum Nifty - ETF

    Please Click Here to know about the various types of financial/non-financial transactions that we have enabled for our investors through Email / Fax.

    Note: IDCW stands for "Income Distribution cum Capital Withdrawal"
  • What is LEI?

    Legal Entity Identifier (LEI) is a 20-digit number used to identify parties to financial transactions worldwide. The regulator has introduced LEI to improve the quality and accuracy of financial data reporting systems for better risk management. It is used to create a global reference data system that uniquely identifies every legal entity in any jurisdiction that is party to a financial transaction.

  • From where can we obtain LEI?

    It can be obtained from any of the Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Foundation (GLEIF), the body tasked to support the implementation and use of LEI. In India, LEI can be obtained from Legal Entity Identifier India Ltd. (LEIL) (https://www.ccilindia-lei.co.in), which is also recognised as an issuer of LEI by the Reserve Bank.

  • Which transactions should include LEI information?

    All single payment transactions of ₹50 crore and above undertaken by entities (non-individuals) should include remitter and beneficiary LEI information. This is applicable to transactions undertaken through the NEFT and RTGS payment systems.

    In case of RTGS, both customer payment and inter-bank transactions, meeting the above criterion, should include LEI information.

  • Is it mandatory for all ₹50 crore and above transactions?

    Yes. As per RBI circular (RBI/2020-21/82 DPSS.CO.OD No.901/06.24.001/2020-21) 20-digit LEI code of remitter and beneficiary (non-individuals) are mandatory w.e.f. 1.4.2021 for NEFT/RTGS transactions amounting to Rs. 50 crores and above.

  • Which payment modes are available, if I decide to invest in QMF schemes?
    Sr. No.ParticularAvailability
    Offline Mode
    1CashNot allowed
    2Cheque or Demand draftYes, allowed
    3Direct Debit/ Auto debitYes, allowed under SIPs
    4OTM/ NACHYes, allowed
    Online Mode
    1Net bankingYes, allowed
    2Debit CardsYes, allowed
    3NEFT(National Electronic Funds Transfer)Yes, allowed less then Rs. 2 Lakh
    4RTGS(Real Time Gross Settlement)Yes, allowed above Rs. 2 lakhs
    5Prepaid CardsNot allowed
    6Interbank Mobile Payment Service (IMPS)Yes, allowed
    7Credit CardNot allowed
    8OTM / NACHYes, allowed
    9UPIYes, allowed.


  • Through which banks can I invest in QMF schemes?

    Please Click Here to view the Bank list with the different modes of payment.

  • Will there be any charges applicable on any of my transactions?

    Quantum Mutual Fund does not deduct Transaction Charges and shall continue not to deduct Transaction Charges as allowed under SEBI Circular No. Cir / IMD / DF/13/2011 dated August 22, 2011.

  • What is KYC (Know Your Client)? Explain KYC in detail.
  • Is it mandatory to specify Direct/Regular Plan in the application form? What if the same is not indicated on the form?

    Investor subscribing under Direct Plan of a scheme will have to indicate ‘Direct Plan’ against the scheme name in the application form e.g. “Quantum Long Term Equity Value Fund – Direct Plan” and under ‘regular Plan’ “Quantum Long Term Equity Value Fund – Regular Plan”.

    In case of valid application received without indicating any choice of plan then the application will be processed for plan as under:



    ScenarioBroker Code Mentioned by the investorPlan mentioned by the investorDefault Plan to be captured
    1Not mentionedNot mentionedDirect Plan
    2Not mentionedDirectDirect Plan
    3Not mentionedRegularDirect Plan
    4MentionedDirectDirect Plan
    5DirectNot mentionedDirect Plan
    6DirectRegularDirect Plan
    7MentionedRegularRegular Plan
    8MentionedNot mentionedRegular Plan

    In case of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under the Regular Plan. The AMC shall contact and obtain the correct ARN within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application.

  • Can you please elaborate on the load structure of IDCW and Growth options contributing to the difference in the NAVs of both the funds?
    Consider the following example:

    You have 4 investors – A, B, C & D. Each investor invests Rs 100,000. Assume your fund NAV is 100.
    Also assume that only exit load income is considered in the scheme.

    InvestorInvestment Amount (Rs.)NAVUnits (Investment Amount/NAV)
    A100,0001001,000
    B100,0001001,000
    C100,0001001,000
    D100,0001001,000
    Totals400,000
    4,000

    Under the Growth Option:
    Now, Investor B has an urgent need for cash, and so redeems his complete investment, paying an exit load of 4% = Rs 4,000 (4% of Rs 100,000)

    This exit load of Rs 4,000 is ploughed back into the scheme portfolio. This causes the Total Investment amount for the remaining investors to increase.

    InvestorInvestment Amount (Rs.)Units
    A100,0001,000
    B----
    C100,0001,000
    D100,0001,000
    (+) Add Exit Load collected from B4,000
    Totals304,0003,000

    This change is also reflected in the NAV. The new NAV = Rs 304,000 / 3,000 units = 101.3

    Hence, after redemption the scheme portfolio will look as below:

    InvestorInvestment Amount (Rs.)NAVUnits
    A101,333101.31,000
    B------
    C101,333101.31,000
    D101,333101.31,000
    Totals304,000
    3,000

    *Note: 101,333.33 has been rounded off to 101,333 for ease of illustration

    Now, let’s look at the IDCW option which has seen higher redemptions:

    Say, investors B & C both decide to redeem their investments and pay an exit load of 4% each.

    InvestorInvestment AmountUnits
    A100,0001,000
    B----
    C----