Quantum Mutual Fund launches Quantum Multi Asset Allocation Fund. Details here
10 months ago

Quantum Mutual Fund launches Quantum Multi Asset Allocation Fund. Details here

Live Mint  

Quantum Mutual Fund announced the launch of the Quantum Multi Asset Allocation Fund. The scheme's investment objective is to seek to generate long-term capital appreciation by multi-asset classes including equity and equity-related securities, debt and money market instruments, commodity ETFs and exchange-traded commodity derivatives, and overseas securities. Commenting on the fund launch, Chirag Mehta, Chief Investment Officer, Quantum AMC, said, “The number of investors in mutual funds is increasing rapidly and this fund provides these first-time investors to have a measured approach to equity markets along with diversification from gold and debt, thereby providing a rewarding and relatively smoother investment experience.” How may one invest in this scheme? Under normal circumstances, the asset allocation of the scheme will be as follows: Instruments Indicative allocations Risk Profile Minimum Maximum Equity & Equity Related Instruments 35 65 Very High Debt & Money Market Instruments 25 55 Low to Moderately High Gold related instruments 10 20 Medium to High Are there similar mutual funds in the market? These include: Name of the fund Five-year returns Quant Multi Asset Fund 21.65% ICICI Prudential Multi-Asset Fund 15.40% HDFC Multi-Asset Fund 11.92% Axis Multi Asset Allocation Fund 11.42% SBI Multi Asset Allocation Fund 10.67% UTI Multi Asset Fund 8.80% Source: AMFI How will the scheme benchmark its performance?

History of this topic

NFO Alert: ICICI Prudential Mutual Fund launches Energy Opportunities Fund; all you need to know
5 months, 2 weeks ago
Mix-up of mutual funds: Quantum MF clarifies it is different from probe-hit Quant MF
5 months, 3 weeks ago
NFO Alert: Zerodha Fund House launches Zerodha Gold ETF; all you need to know
10 months, 1 week ago
NFO Alert: HDFC Mutual Fund launches S&P BSE 500 Index Fund; all you need to know
1 year, 8 months ago
NFO Alert: Bank of India Mutual Fund launches the Multicap Fund; all you need to know
1 year, 10 months ago

Discover Related