Quantum Multi Asset Fund of Funds Direct Growth

Quantum Multi Asset Fund of Funds Direct Growth is a hybrid fund. This fund was started on 11 July, 2012. The fund is managed by Chirag Mehta. This fund gives you the benefit of diversification.

1. Quantum Multi Asset Fund of Funds Direct Growth has ₹65 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.1.
   

Quantum Multi Asset Fund of Funds Direct Growth has given a CAGR return of 9.99% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.18%, 12.94% and 12.74% respectively.

Quantum Multi Asset Fund of Funds Direct Growth has allocated its funds majorly in Government, Financial Services, Cash Equivalent, Consumer Cyclical, Tech, Corporate, Energy, Basic Materials, Consumer Defensive, Industrial, Health, Communication, Utilities.

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 modest capital appreciation while trying to reduce risk (by diversifying risks across asset classes) from a combined portfolio of equity, debt / money markets and Gold schemes of Quantum Mutual Fund. The Scheme may invest in the units of debt / money market schemes of other mutual funds to gain exposure to debt as an asset class to manage any investment and regulatory constraints that arise/ that prevent the Scheme from increasing investments in the schemes of Quantum Mutual Fund.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Quantum Multi Asset Fund of Funds Direct Growth has no lock in period.