Quantum AMC announced the launch of a new fund offer (NFO) with Quantum Multi Asset Allocation Fund. It opens for subscription on Monday, February 19 and closes on Friday, March 1, 2024. It is an open-ended equity scheme predominantly investing in diversified portfolio of Equity & Equity Related Instruments, Debt & Money Market Instruments and Gold Related Instruments. It will be co-managed by Chirag Mehta – Chief Investment Officer and Pankaj Pathak, Fund Manager -Fixed Income, Quantum AMC.
The investment objective of the Scheme is to generate long term capital appreciation / income by investing in Diversified portfolio of Equity & Equity Related Instruments, Debt & Money Market Instruments and Gold Related Instruments.
The scheme will be benchmarked against NIFTY 50 TRI (40%) + CRISIL Short Term Bond Fund AII Index (45%) + Domestic Price of Gold (15%).
The scheme will have a Direct and Regular Plan. The Fund managers will allocate Equity & Equity Related Instruments (35-65%), Debt & Money Market Instruments (25-55) and Gold Related Instruments (10-20%).
The Fund will predominantly invest in securities of Nifty 50 index and other large cap stocks for its equity component, sovereign and PSU debt securities across durations for its fixed income allocation and Quantum Gold ETF & Other Gold related instruments for its gold component.
