Quantum MF Files An Offer Document

Quantum Mutual Fund has filed an offer document for Quantum Index Fund. It is an open-ended exchange traded fund. The minimum application amount under retail option is Rs 5,000 and in multiples of Rs 1000 each. The scheme does not charge any entry load as well as any exit load.The principal investment objective of the scheme is to invest in stocks of companies comprising S&P CNX Nifty Index and endeavour to achieve return equivalent to the Nifty by "passive" investment. The scheme will be managed by replicating the index in the same weightage as in the S&P CNX Nifty-Index with the intention of minimizing the performance differences between the scheme and the S&P CNX-Nifty Index in capital terms, subject to market liquidity, costs of trading, management expenses and other factors which may cause tracking error.