The NFO was open from April 28 to May 12
Mumbai: Quantum Gold Savings Fund has collected Rs 62 crore during
its NFO period, according to a person familiar with the development. It is a
fund of fund with no demat requirement and invests in Quantum Gold ETF Fund.
The scheme carries an exit load of 1.5 % if redeemed or switch out on or before
1 year from subscription. It charges 0.50% as annual recurring expenses. The
fund reopened on May 26 for sale/purchase on an ongoing basis
Quantum now has seven funds under its kitty with average assets of
Rs 123 crore during January-March 2011.
