Quantum Mutual Fund has launched the NFO of Quantum Multi
Asset Fund, an open ended domestic fund scheme.
The NFO opens for subscription on June 22, 2012 and
closes on July 5, 2012. No entry load will be applicable for the scheme; exit
load will be 1.5 % if redeemed or switch out on or before 1 year from the date
of allotment of units. The minimum subscription amount is Rs. 500.
The scheme’s performance will be benchmarked against
CRISIL Composite Bond Fund Index (40%) + Sensex Total Return Index (40%) +
Domestic price of Gold (20%) and its fund managers are Chirag Mehta and Nilesh
The investment objective of the scheme is to generate
modest capital appreciation while trying to reduce risk (by diversifying risks
across asset classes) from a combined portfolio of equity, debt / money markets
and gold schemes of Quantum Mutual Fund.
Fund manager Chirag Mehta said “the challenge for
investors is to build a credible investment portfolio that helps them achieve
their financial goals. The issues relating to disciplined investing, finding
the right mix / balance of assets, diversification within and across asset
classes, rebalancing, etc. tends to drive away investors from sound investing
principles despite recognition of the same towards building wealth over the
long term. Keeping in mind, we introduce the Quantum Multi Asset Fund. It
offers investors a comprehensive portfolio solution by integrating allocations
to equities, liquid/ fixed income and gold that aims at generating modest
capital appreciation and lowering the risk. The optimal allocations are derived
from a research backed investment process.”