Quantum Tax Savings Fund NFO

Quantum Mutual Fund has launched its first open-end equity-linked savings scheme – Quantum Tax Savings Fund.
Investment Strategy:

The fund will maintain a diversified portfolio of stocks picked up from the BSE 200 index on the basis of attractive valuations. The fund can fully allocate its assets in equity and up to 20 per cent in debt and money market instruments.
Fund Manager:

Atul Kumar is the fund manager of the scheme. He has eight years of experience in the equity market. Currently, he is the Fund Manager –Equity at Quantum AMC and manages Quantum Long Term Equity Fund. The fund has generated a negative return of 51.61 per cent as against its benchmark BSE TRI Sensex which fell by 54.5 per cent (Jan 2008-Nov 2008).

Basic Details:

NFO Opens: December 10, 2008

NFO Closes: December 13, 2008

Benchmark: BSE 30

Plans: Growth & Dividend

Options: Dividend Payout & Dividend Re-investment

Load Structure: Entry Load - Nil, Exit Load – Nil

Minimum Application Amount: Rs500

Lock In Period: 3 years

Fund Manager: Mr. Atul Kumar