Quantum Equity FoF Fund Direct Growth

Quantum Equity FoF Fund Direct Growth is a hybrid fund. This fund was started on 20 July, 2009. The fund is managed by Chirag Mehta. This fund gives you the benefit of diversification.

1. Quantum Equity FoF Fund Direct Growth has ₹128 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.5.
   

Quantum Equity FoF Fund Direct Growth has given a CAGR return of 14.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.08%, 21.79% and 21.82% respectively.

Quantum Equity FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Health, Tech, Communication, Consumer Defensive, Energy, Government, Utilities, Real Estate, Corporate.

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of open-ended diversified equity schemes of mutual funds registered with SEBI. There can be no assurance of positive returns from following the stated investment strategy.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Quantum Equity FoF Fund Direct Growth has no lock in period.