Listen to this article
Quantum MF has launched Quantum Multi Asset Allocation Fund, an open-ended equity scheme predominantly investing in equity, debt and gold.
The fund will keep its equity allocation between 35% and 65% to give indexation benefit to investors.
The fund will be co-managed by Chirag Mehta – Chief Investment Officer, Quantum MF and Pankaj Pathak, Sr. Fund Manager -Fixed Income, Quantum MF.
In the press release, Chirag said, “Number of investors in mutual funds are 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.”
Pankaj Pathak, Sr. Fund Manager, Quantum MF said, “The fund is launched with an intention to provide an option to fixed deposit by potentially providing better returns over the long run. The fund simplifies investment decisions with its one-stop diversified solution that invests across asset classes and enhances tax efficiency through indexation benefits. Investors in the 30% tax slab stand to benefit significantly compared to traditional fixed deposits.”
