Quantum Mutual Fund launches Quantum Multi Asset Allocation Fund
Quantum Mutual Fund on Monday launched Quantum Multi Asset Allocation Fund, an open-ended scheme investing in equity and equity-related instruments, debt and money market instruments, and gold-related instruments.
The new fund offer or NFO of the scheme is open for subscription and will close on March 1.
The investment objective of the scheme is to generate long-term capital appreciation/income by investing in a diversified portfolio of equity and equity-related instruments, debt and money market instruments and gold-related instruments.
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The scheme will have a direct and regular plan and will be managed by Chirag Mehta and Pankaj Pathak.
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It will be benchmarked against NIFTY 50 TRI (40%) + CRISIL Short Term Bond Fund AII Index (45%) + Domestic Price of Gold (15%).
The scheme will allocate 35-65% in equity and equity-related instruments, 25-55% in debt and money market instruments, and 10-22% in gold-related instruments.
It will predominantly invest in securities of the Nifty50 index and other largecap stocks for its equity component, sovereign and PSU debt securities across durations for its fixed income allocation and Quantum Gold ETF and other gold-related instruments for its gold component.
The minimum application amount for a lump sum investment is Rs 500 and in multiples of Re 1 thereafter and minimum additional investment can be made in Rs 500
