Quantum Mutual Fund files offers document for Global Fund of Funds
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Quantum Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund named ‘Quantum Global Fund of Funds'. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load If redeemed or switched out on or before 365 days from the date of allotment - 1%. The scheme offers both growth and dividend option for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked by S&P 500 Index. The minimum application amount is Rs 500 and Re 1 thereafter.
The investment objective of the scheme is to achieve long term capital appreciation from a portfolio investing predominantly in shares/ units of Vanguard Funds.
