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 Shetty
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.”
