Quantum Mutual Fund files offers document for 'Nifty 50 Index Fund of Fund'
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Quantum Mutual Fund has filed offer document with SEBI to launch an open-fund of fund scheme named 'Quantum Nifty 50 Index Fund of 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 seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked against NIFTY 50-TotalReturn Index. The minimum application amount is Rs 500 per application and in multiples of Re 1 thereafter.
The investment objective of the scheme is to provide capital appreciation by investing in units of Quantum Nifty ETF-Replicating / Tracking Nifty 50 Index.
