Quantum Mutual Fund has launched Quantum Nifty 50 ETF Fund of Fund – an open-ended fund of fund scheme investing in items of Quantum Nifty 50 ETF. The New Fund Offer opens for subscription on July 18, 2022 and closes on August 1, 2022.
According to the fund home, Quantum Nifty 50 ETF FOF is India’s first-of-its-kind Nifty 50 ETF Fund of Fund. This fund combines the effectivity of an ETF with the comfort of an index fund, giving traders the most effective of each world’s.
Quantum Nifty 50 ETF FOF is without doubt one of the most handy methods to put money into India’s Nifty Top 50 with out opening a DEMAT account. This fund will put money into the items of Quantum Nifty 50 ETF, a passive scheme within the array of Quantum Solutions with a monitor report of 14 years and counting.
Investors’ perceptions about investments have been altering, particularly amongst younger retail traders. These traders want larger management over their investments, they usually need to have the ability to construct their very own portfolio and ‘be their own fund manager’. They undertake a “core and satellite” portfolio technique and are interested by taking publicity to equities – ideally a portfolio comprising of large-cap corporations to construct the core of their portfolio and increase them with sector particular / thematic funds to kind their satellite tv for pc portfolio.
At the identical time, these traders additionally need the comfort and adaptability of SIP (Systematic Investment Plan) investments. These traders have been more and more preferring index funds. Quantum believes that regardless of altering market preferences, asset allocation is key to any long-term profitable investing.
“As an ‘investor first’ fund house, we want to provide investors with building blocks, active and passive, to be able to build their asset allocation framework,” mentioned Chirag Mehta, CIO, Quantum Mutual Fund.
He additional added, “Investors can build their investment portfolio by adopting a passive approach in Quantum’s DIY 12-20-80 Asset Allocation Strategy. This strategy has the potential to minimize downside risks and achieve your long-term goals. As per this strategy, investors dedicate money worth 12 months of their expenses in a liquid fund and 20% of your investable money to gold, the rest 80% can be allocated to equity. Investors can allocate 85% of their equity investments to Quantum Nifty 50 ETF Fund of Fund, while the rest 15% can be allocated to Quantum India ESG Equity Fund.”
Hitendra Parekh – Fund Manager for the scheme who has been managing Quantum Nifty 50 ETF since its inception from July tenth, 2008 – mentioned, “With this new fund offering, Quantum Mutual Fund continues to dive deeper into the passive space, offering investors ease of investment and diversification in a single product. This hassle-free option can help one to plan for long-term goals.”
The scheme will re-open for subscription and redemption on ongoing foundation from August 10, 2022. The funding goal of the Scheme is to supply capital appreciation by investing in items of Quantum Nifty 50 ETF – Replicating / Tracking Nifty 50 Index. There is, nevertheless, no assurance or assure that the funding goal of the Scheme shall be achieved.
Salient options of Quantum Nifty 50 ETF Fund of Fund
- India’s First Nifty 50 ETF Fund of Fund
- No Demat account required
- SIP possibility out there
- One-Stop-Shop for 12:20:80 Passive Asset Allocation
Product Details:
New Fund Offer Price – throughout the NFO interval – At Face Value of Rs. 10/ – per unit
Minimum Application Amount (For All Option / Plan)- Rs. 500/- and multiples of Rs. 1/- thereafter.
Minimum Additional Investment Amount (For All Option / Plan) Rs. 500/- and multiples of Rs. 1 /- thereafter/ 50 items
Plans and Options Available
Regular Plan and Direct Plan – Both Plan provides Growth Option
Load Structure
Entry Load: Not Applicable
Exit Load: NIL
Benchmark Index: NIFTY 50- Total Return Index
Source: www.financialexpress.com”