NFO: Quantum Nifty 50 ETF Fund of Fund

By Morningstar |  14-07-22 | 

Quantum Mutual Fund has launched Quantum Nifty 50 ETF Fund of Fund, an open-ended fund of fund scheme, investing in units of Quantum Nifty 50 ETF.

Quantum Nifty 50 ETF FOF combines the efficiency of an ETF with the convenience of an index fund.  This fund will invest in units of Quantum Nifty 50 ETF, a passive scheme in the array of Quantum Solutions with a track record of 14 years.

The New Fund Offer opens on July 18, 202,2 and closes on August 1, 2022.

Chirag Mehta, CIO, Quantum Mutual Fund further 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 is the fund manager for the scheme. He has been managing Quantum Nifty 50 ETF since its inception on July 10, 2008. Hitendra commented on the launch, “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 an ongoing basis from August 10, 2022. The investment objective of the Scheme is to provide capital appreciation by investing in units of Quantum Nifty 50 ETF - Replicating/ Tracking Nifty 50 Index.

Product Details 

  • Minimum Application Amount (For All Option/Plan): 500 and multiples of Rs 1 thereafter
  • Minimum Additional Investment Amount (For All Option/Plan): 500 and multiples of Rs 1  thereafter 50 units

Load Structure

  • Entry Load: Not Applicable
  • Exit Load: NIL

Benchmark Index: NIFTY 50- Total Return Index

( *Top 50 Companies Based on Free Float Market Capitalization)

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