NFO Tracker: Quantum Mutual Fund launches ethical fund
Quantum Mutual Fund has announced the launch of NFO of Quantum Ethical Fund, an open-ended equity fund that invests in companies meeting an ethical set of principles, with the objective of achieving long-term capital appreciation.
The new fund offer or NFO of the scheme will open for subscription on December 2 and will close on December 16.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-115792736»>The scheme will be benchmarked against NIFTY 500 Shariah Total Return Index (TRI). The scheme will be managed by Chirag Mehta.
The investment objective of the fund is to achieve long-term capital appreciation by investing in equity and equity related instruments of companies following an ethical set of principles.
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