<p>State has witnessed a 5X growth in mutual funds over the last decade...</p>
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<p>The Board of Directors of Quantum Asset Management Company Private Ltd. (Quantum AMC) have approved the appointment of Seemant Shukla as the Chief Executive Officer (CEO) of Quantum AMC effective April 1, 2025.</p>
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Many investors expressed interest in aligning their investments with their values. This inspired us to explore the creation of a fund tailored to these principles, explains Mehta.
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Quantum Mutual Fund has launched the NFO of Quantum Ethical Fund, aiming to achieve long-term capital appreciation by investing in companies adhering to ethical principles. The fund, managed by Chirag Mehta, will be benchmarked against NIFTY 500 Shariah Total Return Index and is open for subscription from December 2 to December 16.
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<span>The earnings print in the recently reported quarter were not exciting. Input cost moderation led to strong earnings growth in FY24. Considering the high base, a meaningful improvement in volume is required to sustain the earnings momentum.</span><br><br><br>
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Investors in the semi-urban and rural pockets of the country have outstripped their urban counterparts in terms of new systematic investment plan (SIP) account openings in mutual fund (MF) schemes in recent times.
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