Quantum Mutual Fund has launched initial offer period of Quantum Equity Fund of Funds, an open-ended equity fund of funds scheme. The fund will remain open for fresh subscription from 26 June to 13 July 2009. The fund will reopen for continuous subscription from 22 July 2009. The face value of the new issue will be Rs 10 per unit.
The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of open-ended diversified equity schemes of mutual funds registered with Sebi.
The scheme offers two plans-growth plan & dividend plan. The dividend plan will in turn have two options, dividend payout option and dividend re-investment option The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
The scheme will not charge an entry load. The fund will charge 1.5% as redemption load if repurchase/redemption is made within 1 year from the date of allotment.
Quantum Equity Fund of Funds will invest 90-100% in open ended equity diversified schemes of mutual funds registered with Sebi with high-risk profile.
Investments in money market instruments will be up to 10% with low to medium risk profile. The scheme will only invest in third party mutual funds. The fund shall invest in a mix of diversified equity schemes, mid cap/small cap/large cap oriented schemes.
The scheme would be benchmarked to the BSE 200. The Quantum Equity Fund of Funds would be managed by Arvind Chari.
The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of open-ended diversified equity schemes of mutual funds registered with Sebi.
The scheme offers two plans-growth plan & dividend plan. The dividend plan will in turn have two options, dividend payout option and dividend re-investment option The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
The scheme will not charge an entry load. The fund will charge 1.5% as redemption load if repurchase/redemption is made within 1 year from the date of allotment.
Quantum Equity Fund of Funds will invest 90-100% in open ended equity diversified schemes of mutual funds registered with Sebi with high-risk profile.
Investments in money market instruments will be up to 10% with low to medium risk profile. The scheme will only invest in third party mutual funds. The fund shall invest in a mix of diversified equity schemes, mid cap/small cap/large cap oriented schemes.
The scheme would be benchmarked to the BSE 200. The Quantum Equity Fund of Funds would be managed by Arvind Chari.
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