Quantum Mutual Fund launches New Open Ended Scheme 30/04/2015

Quantum Mutual Fund launches New Open Ended Scheme
30/04/2015 09:56
Quantum Mutual Fund has launched a new open ended debt scheme named “Quantum Dynamic Bond Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 29 and will close on May 13, the scheme will reopen on May 25. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 500 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Murthy Nagarajan will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by active management of a portfolio consisting of short term and long term debt and money market instruments. Hence, the scheme will allocate 25 to 100 per cent of asset in Government Bond/Bills, 0 to 50 per cent asset in PSU Bonds, 0 to 75 per cent of asset in Certificate of Deposits and Commercial Paper and 0 to 100 per cent of asset in CBLO/Repos.