Quantum MF has rolled out a new scheme called Quantum Index Fund and it is an open-ended Exchange Traded Fund. The principal investment objective of the scheme is to invest in stocks of companies comprising S&P CNX Nifty Index and endeavor to achieve return equivalent to Nifty by "passive" investment.
The net assets of the scheme will be invested predominantly in stocks constituting the S&P CNX Nifty and / or in S&P CNX Nifty exchange traded derivatives. This would be done by investing in almost all the stocks comprising the S&P CNX Nifty in approximately the same weightage that they represent in the S&P CNX Nifty Index and / or investing in S&P CNX Nifty exchange traded derivatives. A small portion of the net assets may be invested in money market instruments, CBLO, corporate debt securities, other debt instruments, including Mibor linked instruments, securitised debt instruments, and liquid schemes of mutual funds to meet the liquidity requirements of the schemes. The scheme will invest 90%-100% in securities covered by the S & P CNX Nifty. The scheme will invest 0-10% in money market instruments, other short-term debt instruments. Investments in securitized debt instruments can be made by the scheme up to 5% of the total net assets of the scheme.
The net assets of the scheme will be invested predominantly in stocks constituting the S&P CNX Nifty and / or in S&P CNX Nifty exchange traded derivatives. This would be done by investing in almost all the stocks comprising the S&P CNX Nifty in approximately the same weightage that they represent in the S&P CNX Nifty Index and / or investing in S&P CNX Nifty exchange traded derivatives. A small portion of the net assets may be invested in money market instruments, CBLO, corporate debt securities, other debt instruments, including Mibor linked instruments, securitised debt instruments, and liquid schemes of mutual funds to meet the liquidity requirements of the schemes. The scheme will invest 90%-100% in securities covered by the S & P CNX Nifty. The scheme will invest 0-10% in money market instruments, other short-term debt instruments. Investments in securitized debt instruments can be made by the scheme up to 5% of the total net assets of the scheme.
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