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.
The scheme will have a direct and regular plan and will be managed by Chirag Mehta and Pankaj Pathak.
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 and in multiples of Re 1 thereafter / 50 Units
Investors can also opt for the SIP route with a minimum investment of Rs 100 (daily) and Rs 500 for other frequencies (weekly, fortnightly, monthly and quarterly).
The investment strategy of the scheme is portfolio allocation between the equity, debt/ money markets and gold broadly depending on the relative valuations between the asset classes. Relative valuations are determined by evaluation of various influencing factors that include: Price/Earnings Ratio relative to historical averages, the relationship between Earnings Yield to Bond Yield relative to historical averages, and macroeconomic factors prevailing globally, and within India.
“The number of investors in mutual funds is increasing rapidly and this fund provides these first-time investors to have a measured approach to equity markets along with diversification from gold and debt, thereby providing a rewarding and relatively smoother investment experience,” said Chirag Mehta, Chief Investment Officer, Quantum AMC.
“The fund is launched with an intention to provide an option to fixed deposit by potentially providing better returns over the long run. The fund simplifies investment decisions with its one-stop diversified solution that invests across asset classes and enhances tax efficiency through indexation benefits. Investors in the 30% tax slab stand to benefit significantly compared to traditional fixed deposits,” said Pankaj Pathak, Senior Fund Manager, Quantum AMC.
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