Fund Specific Queries

In the Income Tax Act a new Section 10(34) was inserted some time back (if I am right, it was in the 2016 -2017 Union Budget) which says that dividend received in a financial year, from Indian companies in excess of Rs. Ten Lakhs will be taxed at the rate of 10%. Does this limit of Rs. Ten Lakhs include dividends from equity schemes of mutual funds or only from dividend from companies?

In the recent budget for 2018 -2019, Dividend Distribution Tax at the rate of 10% on dividends paid by equity schemes of mutual funds was introduced.

I would like to know if dividends received in a financial year from equity schemes of mutual funds are totally tax free in the hands of the investor without any upper limit and if not, what is the upper limit to be tax free?
I am an investor in the Quantum Long Term Equity Fund for around 5 years. What will be your strategy in these rising markets? Will you continue being high on cash?
Please tell me more about the Quantum Multi Asset Fund, I am about to retire in the next 3 years, should I invest in this fund?
How critical is the NPA's issue in the banking sector? Do you have banking stocks in your portfolio?
Will Quantum long term/tax saving fund increase its mid/small cap allocation or this fund has now become pure large cap fund?
How mutual funds investment differs from investing in equity. What are the advantages and disadvantages?
As an investor in Quantum Long Term Equity Fund, I am keen to know the outlook on this fund over next 3 years because in last one year it has not performed well because of holding cash position. What makes you think the current investment strategy will give good returns over 3 years duration? Tarun Bajaj
I am an existing investor of Quantum MF. I would like to know why the exit NAV (repurchase price) is lower than Actual for QLTEF. Some people are saying that this is as good as having higher expense ratio with hidden charges. - Pradeep
Dear Subbu, I am a regular investor in the Quantum Gold Mutual Fund scheme. I intend to have gold as part of my portfolio all the time. Recently the govt has announced the Gold Bond Scheme and it looks really interesting? What do you think about the same? Will Quantum Gold team buy these bonds? If it is not in the mandate, I would advise that you consider modifying the mandate in order to allow people like me to invest in one scheme and get the benefit of exposure to both investment avenues. Regards, Sharat - Sharat Chandra
I am fascinated by your honest views on Investor education and critical analysis of Brokers and Researcher in stock market I am now 69 and have some disposable income for parking for short time any help from Quantum.