Quantum MF introduces Ethical Fund
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Quantum Mutual Fund has launched Quantum Ethical Fund, an open-ended equity scheme following an Ethical Theme. The NFO opens for subscription on December 02, 2024 and closes on December 16, 2024. The Entry Load is not applicable for the scheme. The Exit Load is nil - for 10% of units If redeemed or switched out on or before 365 days from the date of allotment, 1% of Exit load for remaining 90% of units if redeemed or switched out on or before 365 days from the date of allotment and there will be no exit load if redeemed or switched out after 365 days from the date of allotment. The minimum subscription amount is Rs. 500/- and in multiples of Re.1/- thereafter.
The performance of the scheme will be benchmarked at NIFTY 500 Shariah Total Return Index (TRI) and its fund manager is Chirag Mehta.
The investment objective of the scheme is to achieve long-term capital appreciation by investing in Equity & Equity Related Instruments of companies following an Ethical Set of Principles.
