Quantum Nifty 50 ETF Fund of Fund floats on
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Quantum Mutual Fund has launched a new Open Ended Growth scheme named “Quantum Nifty 50 ETF Fund of Fund” with maturity period of 0 days from the launch date. The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jul 18 to Aug 01, 2022. According to the offer document filed with SEBI, the entry and exit load is Nil. The minimum application amount is Rs 500.00 and in multiples of Rs 1 thereafter.
The options available under the plan of the scheme are Growth. The fund manager of the scheme will be Hitendra Parekh, while the performance of the scheme will be benchmarked against Nifty 50 Total Returns Index. The investment objective of the Scheme is to provide capital appreciation by investing in units of Quantum Nifty ETF - Replicating / Tracking Nifty 50 Index
