Posted on Wednesday, Nov 27, 2019
1. A Guardian is mandatory for an investment under the name of a minor. Further, in case of a Minor’s investment, the PAN of the Minor is not required. The guardian’s PAN is to be quoted for investing under the name of a Minor.
2. We at Quantum, accept the investment for a value not exceeding Rs.50,000/- p.a. without the PAN, provided the investor/guardian is KYC compliant by providing other acceptable documents.
3. There is no minimum holding period for investment in the name of a minor. Please refer to the exit load applicable for the scheme invested in case you redeem before the exit load period.
4. Yes, a minor can invest in Liquid Funds.
Please visit - www.QuantumMF.com to read Scheme Specific Risk Factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the scheme's objective will be achieved and the NAV of the scheme(s) may go up or down depending upon the factors and forces affecting securities markets. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the Sponsor / AMC/ Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited (AMC). The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.