Quant Mutual Fund files offer document for Retirement Fund
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Quant Mutual Fund has filed offer document with SEBI to launch an open-ended retirement solution oriented scheme named ‘Quant Retirement Fund’. The New Fund Offer price is Rs 10. Entry load and Exit load will be nil. The Scheme offers growth and dividend options for investment, and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.
The performance of the scheme is benchmarked for 65% S&P BSE 200 TRI + 15% CRISIL Short Term Bond Fund Index + 20% iCOMDEX Composite Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to provide the investment plans to grow retirement savings that serves the variable needs of the investors through long term diversified investments in different asset classes.
