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Quantum AMC recently held the ‘Path to Partnership’ event in Mumbai to share insights on how Mutual Fund Distributors can thrive in the dynamic mutual fund industry and serve the interests of the investors. Mr. I.V. Subramaniam, Managing Director & Group Head -Equities, Quantum Advisors and Mr. Chirag Mehta, Chief Investment Officer were the keynote speakers of the event which saw participation of around 100 MFDs. The event emphasized how financial inclusion has seen growth...
Navigating the Markets changing landscape -Quantum Mutual Fund holds Path to Partnership for MFDs
Monthly Commentary Sept 2023 – Fixed Income In the last month, the 10-year Indian government bond (G-sec) yield went up to 7.25% in the first half and then retraced back to the previous month’s closing level of 7.17% by the end of the month. Longer end 20-30 years maturity G-sec yields declined by 3-5 basis points, while the shorter maturity 1-year G-Sec yield went up by around 10 basis points from 6.90% to 7.00%. Market movement during the month was closely linked...
Monthly fixed Income Outlook -September 2023 by Pankaj Pathak, Quantum Mutual Fund
Below The Monthly Equity View – Sept 23 by George Thomas, Fund Manager – Equity Quantum Mutual Fund Equity Outlook - September 2023 The S&P BSE Sensex declined by 2.3% in the month of August. Weak monsoon, spike in inflation and US yields hardening led to the marginal correction. S&P BSE Midcap Index & S&P BSE Small cap Index increased by 2.7% and 6.3% respectively. The divergence in performance is also a reflection of institutional flows into respective cate...
Monthly Equity View - September 2023 by George Thomas, Equity, Quantum Mutual Fund
Quantum Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Quantum Multi Asset Allocation Fund‘. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load for Exits 1.00% if redeemed or switch out on or before 90 days from the date of allotment of units; NIL- if redeemed or switch out after 90 days from the date of allotment of units. The scheme of...
Quantum Mutual Fund files offer document for Multi Asset Allocation Fund
Looking Through the Noise In the bond market, the sentiment pendulum has swung from one extreme to another over the last two months. Relentless rise in the US treasury yields and surprise jump in domestic inflation have rattled the investor sentiment in the Indian bond markets pushing bond yields higher and prices lower. The 10-year Indian government bond (Gsec) yield which had fallen to lows of 6.95% in May, has jumped to the peak of 7.26%, before pulling back to the current leve...
Debt Market Observer for Aug 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund
Below The Quote on the occasion of Independence Day By Chirag Mehta, CIO- Quantum Mutual Fund In today rapidly evolving world, where economic dynamics are constantly undergoing seismic changes, India emerges as a resolute beacon of resilience and growth. Despite recent global developments, including the US debt downgrade, which led to a momentary decline in the equity market, India's economic strength remains unwavering. The country’s economic indicators have retained th...
Quote on the occasion of Independence Day By Chirag Mehta, CIO- Quantum Mutual Fund
Below Post RBI Policy comment by Pankaj Pathak, Fund Manager- Fixed Income, Quantum AMC. Going into the policy, the market expectation was for status quo on rates and a cautious tone on inflation. To that extent this policy was non-event. The fact that the RBI sees the current jump in vegetable prices to be transitory, has significantly lowered the uncertainty in the bond market. In the coming 2-3 months CPI inflation will be above the RBI’s upper threshold due to spike in vegetable ...
RBI Policy comment by Pankaj Pathak , Quantum AMC
Below the comment On Favorable backdrop for medium to long duration bonds from Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund. Comment : The US Federal Reserve hiked its key interest rate by 25 basis points – taking the Fed Funds rate to 22 years high of 5.25%-5.50%. The statement suggests that future actions will be data dependent. If inflation move above the Fed’s expectation, they will hike rates. If it remains on the expected declining path, the...
Favorable backdrop for medium to long duration bonds - Comment by Pankaj Pathak, Quantum Mutual Fund
This quote by Howard Marks, aptly portrays the changes in market narratives over the last few months. In the US, the bond market narrative has been toggling between two extremes - “persistent high inflation” and “recession”. This has put the bond markets around the world on an emotional roller coaster. A month back, the US treasury futures were pricing for two or more rate cuts. Now, the expectation has shifted to two more rate hikes in 2023. This has not just pu...
Debt Market Observer for July - 2023 by Pankaj Pathak, Quantum Mutual Fund
Quant Mutual Fund (MF) has launched Quant Manufacturing Fund, an open-ended equity scheme following manufacturing theme. The NFO opens for subscription July 26, 2023 and closes on August 08, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked against Nifty India Manufacturing Index and its fund managers are Sandeep Tandon, Anikt Pande, Sanjeev Sharma and ...
Quant MF introduces Manufacturing Fund
This quote by Howard Marks, aptly portrays the changes in market narratives over the last few months. In the US, the bond market narrative has been toggling between two extremes - “persistent high inflation” and “recession”. This has put the bond markets around the world on an emotional roller coaster. A month back, the US treasury futures were pricing for two or more rate cuts. Now, the expectation has shifted to two more rate hikes in 2023. This has not just pu...
Debt Monthly Observer - July 23 by Pankaj Pathak, Quantum Mutual Fund.
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% ...
Quant Mutual Fund files offer document for Retirement Fund
Quant Mutual Fund has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) of the schemes of Quant Mutual Fund. Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 05, 2020, risk-o-meter of Quant Multi Asset Fund is revised as ‘Very high’. The above risk-o-meter is based on evaluation of risk level of scheme’s portfolio as on June 30, 2023. All other details of the Product Labelling and al...
Quant MF announces change in risk-o-meter in Quant Multi Asset Fund
Quant Mutual Fund has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) of the schemes of Quant Mutual Fund. Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 05, 2020, risk-o-meter of Quant Dynamic Asset Allocation Fund is revised as ‘Moderately high’. The above risk-o-meter is based on evaluation of risk level of scheme’s portfolio as on June 30, 2023. All other details of the Produ...
Quant MF announces change in risk-o-meter in Dynamic Asset Allocation Fund
The optimism of April was brought forward inMay as well.The 10-year benchmark government bond yield went on a downward spiral, reaching 6.99% on 31st May 2023 against 7.12% at the end of April. However, most of this rally was observed in the first half of the month, while in the second half the bonds traded in a narrow range of 6.97% - 7.03%. Short term money market rates also fell during the month with the 3-month T-bill falling from 6.90% levels to ~6.76% by the end of the month. The yie...
Monthly Debt View for June - 2023 by Pankaj Pathak, Quantum Mutual Fund.
Below Comment on RBI Credit Policy By Pankaj Pathak, Fund Manager - Fixed Income, Quantum Mutual Fund As widely expected, this was a do-nothing policy. Given the RBI has already lifted effective policy rate by 290 bps in the last financial year, it makes sense to wait for the past rate hikes to transmit through the real economy. The highlight of this policy was though the RBI’s emphasis on getting to the ultimate goal of 4% headline inflation. The governor aptly used the...
Comment on RBI Credit Policy By Pankaj Pathak, Quantum Mutual Fund
Quant Mutual Fund has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) of the schemes of Quant Mutual Fund. Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 05, 2020, risk-o-meter of Quant Dynamic Asset Allocation Fund is revised as ‘Very high’. The above risk-o-meter is based on evaluation of risk level of scheme’s portfolio as on May 31, 2023.
Quant MF announces change in risk-o-meter in Dynamic Asset Allocation Fund
Below Quote On Pre RBI Policy expectations By Pankaj Pathak, Fund Manager - Fixed Income, Quantum Mutual Fund We expect the RBI to maintain a status quo on rates. Most likely, we have already seen the last rate hike in February and the RBI will remain on an extended pause on policy rates in foreseeable future. The key thing to watch in the upcoming monetary policy would be the RBI’s policy stance. Till the last year, the monetary policy was ultra-accommodativ...
Pre RBI Policy expectations By Pankaj Pathak, Quantum Mutual Fund
Indian bond market had a dream run in the last two and a half months. The 10-year Indian government bond (G-sec) yield fell by 50 basis points from 7.46% on February 28, 2023 to around 6.98% at the time of writing this report on May 18, 2023. The 10- year government bond yield is now below the levels prevailing at the start of the rate hiking cycle in May last year. Chart – I: Long term bond yields have fallen below the first-rate hike levels Past Performance may or may not su...
Debt Monthly Observer May 23 by Pankaj Pathak, Fund Manager- Fixed Income Quantum Mutual Fund
Quant Mutual Fund (MF) has launched Quant Business Cycle Fund, an open-ended equity scheme following business cycles-based investing theme. The NFO opens for subscription on May 12, 2023 and closes on May 25, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked against NSE 500 TRI and its fund managers are Sandeep Tandon, Anikt Pande, Sanjeev Sharma and Va...
Quant MF introduces Business Cycle Fund
Below Monthly Debt View for May 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund Indian bonds yields came down sharply in April after the surprise pause in the rate hiking cycle (against market consensus expectation of 25bps hike) at start of the month. The downward momentum in yields was further boosted by the lower-than-expected inflation print for March which came in at 5.66% vs consensus estimate of ~5.9%. The 10-year benchmark government bond (Gsec) yield...
Monthly Debt View for May 2023 by Pankaj Pathak, Quantum AMC
Amid high inflation, rate hikes and slowing growth, can value hold through this environment and beyond? This was the topic of a recently concluded webinar where Christy Mathai, Fund Manager, Equity, Quantum Mutual Fund, shared insights about where value investing is headed. Demystifying value funds, Christy says, ‘Value as an approach is where we are trying to buy companies which are at a reasonable discount to their fair value or intrinsic value.’ Talking about the markets,...
Will Market Dynamics Support Value Investing?
Quant Mutual Fund has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) of the schemes of Quant Mutual Fund. Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 05, 2020, risk-o-meter of Quant multi asset fund is revised as ‘high’. The above risk-o-meter is based on evaluation of risk level of scheme’s portfolio as on March 31, 2023.
Quant Mutual Fund announces change in risk-o-meter in multi asset fund
Below Monthly Debt View for April 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund Monthly Fixed Income Commentary In March, Indian bond yields easedby 5-20 basis points across the maturity curve. The benchmark 10-year government bond (Gsec) yield fell by 12 basis pointsto end the month at 7.31%. The rally in the Indian bond market was primarily in response to a sharp drop in the US treasury yields. The 10-year US treasury yield fell by 42 basis points in M...
Monthly Debt View for April 2023 by Pankaj Pathak, Quantum AMC
Quant Mutual Fund (MF) has launched Quant Dynamic Asset Allocation Fund, an Open-Ended Dynamic Asset Allocation Fund. The NFO opens for subscription on March 23, 2023 and closes on April 06, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked against CRISIL Hybrid 50+50 Moderate Index and its fund managers are Sandeep Tandon, Anikt Pande, Sanje...
Quant MF introduces Dynamic Asset Allocation Fund
Below Monthly Debt View for March 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund Bond yields moved up in February due to hawkish RBI commentary, higher than expected inflation print, and a sharp jump in the US treasury yield. Tightness in the money markets ahead of the financial year closing also dampened the market sentiment. The 10-year Indian government bond (Gsec) yield rose 11 basis points (1%=100 basis points) in February to close at 7.46% on Febr...
Monthly Debt View for March 2023 by Pankaj Pathak, Quantum AMC
Quant Mutual Fund has announced addendum to the Scheme Information Documents (SIDs)/ Key Information Memorandums (KIMs) of the schemes of Quant Mutual Fund. Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 05, 2020, risk-o-meter of Quant liquid fund is revised as ‘low to moderate’. The above risk-o-meter is based on evaluation of risk level of scheme’s portfolio as on February 28, 2023.
Quant MF announces change in risk-o-meter in liquid fund
Quant Mutual Fund has announced addendum to the Scheme Information Document (SID) / and Key Information Memorandum (KIM) of the Schemes of Quant Mutual Fund (MF). Quant Money Managers (the AMC) has decided to discontinue the payment of transaction charges to distributors effective March 1, 2023. No transaction charges shall be deducted from the investment amount for transactions/ applications received from the distributor (i.e., in Regular Plan) and full subscription amount will be invested i...
Quant MF announces discontinuation of transaction charges to MF distributors
As in 2022, gold is expected to log double digit gains this year as per indications, said experts. "The yellow metal has already posted over three per cent gains in the month of January, 2023. The current setup seems to indicate a re-run of 2022. Gold seems to be poised to open a new chapter in term of its price trajectory," Emkay Global Financial Services said in a report. According to Quantum Mutual Fund report, gold started the new year on a cheery note, up about six ...
Shining outlook for gold in 2023
Below Monthly Monthly Debt View for February 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund Indian fixed income market has a dull start in 2023 so far. Bond yields had been in a narrow range with the 10-year G-sec trading between 7.25%-7.35% for most part of the last two months before closing the January month at 7.33%. On February 8, 2023, the 10 year G-sec was at 7.34% In the money market, yields moved higher materially due to continued tightening in the l...
Monthly Debt View for February 2023 by Pankaj Pathak, Quantum AMC
Bajaj Electricals is currently trading at Rs. 1151.10, up by 4.90 points or 0.43% from its previous closing of Rs. 1146.20 on the BSE. The scrip opened at Rs. 1135.00 and has touched a high and low of Rs. 1160.15 and Rs. 1128.00 respectively. So far 2637 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1265.00 on 23-Aug-2022 and a 52 week low of Rs. 857.55 on 17-Jun-2022. Last one week high and low of the scrip s...
Bajaj Electricals gains on reporting 27% rise in Q3 consolidated net profit
We are well past the peak inflation of 2022. Yet, inflation continues to be the focal point of all the policy discussions and investment thesis in 2023. Central banks, though somewhat less aggressive than last year, remain in inflation-fighting mode. Markets are divided on whether to follow central banks in fighting inflation or fight the central bankitself against raising rates. Amidst all this, inflation numbers have started showing some interesting trends. The headline CPI i...
Debt Monthly Observer for December 2022 By Pankaj Pathak, Quantum Mutual Fund
Below Views On Union Budget Expectations 2023-2024 by Jimmy Patel, MD & CEO, Quantum Mutual Fund The year 2022 saw buoyant participation from investors despite high uncertainties in the market amid interest rate hikes by central banks and geopolitical tensions. The number of folios across categories rose by 16.3% during the year to 139.8 million as of November 2022.Meanwhile, the monthly contribution to mutual fund schemes via the SIP route reached a record high of Rs133.06 billio...
Union Budget Expectations 2023-2024 by Jimmy Patel, Quantum Mutual Fund
Equity Year End Wrap and Outlook 2023 Quote By George Thomas, Fund Manager- Equity, Quantum AMC Equity Year End Wrap-up & Outlook - 2023 2022 was an eventful year when the global economy witnessed the cons of easy money flow (Quantitative Easing). Inflation across the globe tested multi-decadal highs forcing the global central banks to an interest rate hiking spree. Consequently, the US Federal Reserve increased the benchmark rate to its highest level in 15 years....
Equity Year End Wrap and Outlook 2023 by George Thomas, Quantum AMC
The year 2022 was a challenging one for the global economy in all aspects from the RussiaUkraine war to four-decade-high inflation in the developed world leading to heightened volatility in financial markets. International gold prices also underwent significant push and pull due to the confluence of factors that affected all asset classes. Gold prices approached an alltime high of around $2,070 in March on the back of risk aversion triggered by the RussiaUkraine war. But later, as the geopoli...
Gold Year-End Outlook 2023 By Chirag Mehta, Quantum Mutual Fund
Earning enough money is one thing. Handling your finances prudently is another. In today’s world, living a humble lifestyle is considerably difficult for many. Easy access to frivolous expenses might be spoiling your spending habits. Today we make it easy for you to understand if you are good at managing your money. Simple 5 signs that will make it clear if you are on the right track while taking care of your 1. Steady flow of income If you have a steady flow of income...
5 Signs You`re Good at Managing Your Money
With the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) expected to revise upwards the interest rate on Wednesday, industry players are voicing out for a moderation. The MPC has hiked the interest rate in recent times by 190 basis points (bps) to contain the inflation. According to Shishir Baijal, Chairman and Managing Director, Knight Frank India, out of 190 bps repo rate hike, 105 bps rise has already been transmitted in the marginal cost of funds based lending rate...
Demand for moderate rate hike by RBI voiced
Quant Mutual Fund (MF) has launched Quant Overnight Fund, an open-ended Overnight Scheme investing in overnight securities. The NFO opens and closes for subscription on December 05, 2022. The Entry load and the Exit load nil for the scheme. The minimum subscription amount is 5,000 and in multiples of Rs 1 thereafter. The performance of the Scheme will be benchmarked with CRISIL Overnight Index and its fund manager is Sanjeev Sharma. The investment objective of the scheme is to generate ...
Quant Mutual Fund introduces Overnight Fund
Gold will be attractive one this month with the increase in global prices in recent times, said experts in their outlook for the yellow metal. "Gold has picked up in price action massively, rising by nearly $60 /oz in the last two weeks alone to trade around $1800 levels. The rise in prices is largely due to the dovish commentary by the Fed on its monetary policy," said Colin Shah, Founder & MD, Kama Jewelry. According to Shah, the metal looks set to extend recent gains, d...
Gold price picked up in November, stays attractive in December: Experts
Below Monthly Debt View for November 2022 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund The bond market was range bound in October 2022. The 10-year maturity government bond was (G-sec) trading between a broad range of 7.35% and 7.55%. On a monthly closing basis, the 10-year G-sec settled 5 basis points higher at 7.45% on October 31, 2022, versus 7.40% on September 30, 2022. In 2022 so far, the 10-year yield has moved up 100 basis points. Money market rates cont...
Monthly Debt View for November 2022 by Pankaj Pathak,Quantum Mutual Fund
Monthly Equity Outlook for October 2022 by George Thomas, Associate Fund Manager, Quantum AMC TheS&P BSE SENSEXdeclined by 3.5% on a total return basis in the month ofSep2022 while S&P BSE Midcap Index &S&P BSE Smallcap Index declinedby 2.1% and 0.6% respectively. Most of the sectoral indices too had a similar trend with S&P BSE India Power, S&P BSE Oil & Gas, and S&P BSE Realty indices emerging as the top losers with a decline of ~8-9% each. Hike in taxes o...
October - 2022 by George Thomas, Fund Manager, Quantum AMC, Quantum Mutual Fund.
Indian Bonds Going Global Recently, there have been increasing conversations about the potential inclusion of Indian government bonds into the global bond indices.Indian bond market has defied the global trend of rising bond yields over the last two months on an expectation that India will be included in the JP Morgan GBI-EM Global Diversified Index and foreigners will rush to buy Indian bonds. India has one of the largest local currency government bond markets among emergingmarket econ...
Debt Monthly Observer for September 2022 By Pankaj Pathak, Quantum Mutual Fund
Below Fixed Income Monthly View on September 2022 By Mr. Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund. Indian bond yields have been falling (bond prices rising) since mid-June 2022. The 10- year government bond yield peaked at 7.6% in June. It fell to 7.45% by June end, 7.32% by July end, 7.24% by August end, and at the time of writing on September 8, 2022, it is trading around 7.08%. The decline in bond yields started with a clamour of global growth slowdown and falli...
Fixed Income Monthly View September 2022 By Mr. Pankaj Pathak,Quantum Mutual Fund
Below is Monthly Equity Outlook - August 2022 by Sorbh Gupta, Fund Manager- Equity, Quantum Mutual Fund Equity Markets managed a splendid recovery in the month of July-22. S&P BSE SENSEX moved up by 8.71% on a total return basis in the month.It has been a global rally with S&P 500 & MSCI World Index moving up by 9.2% and 7.9% respectively. The MSCI EM Index was however a drag with a negative return of -0.17% due to the underperformance of Chinese stock. The broader market has b...
Monthly Equity Outlook For August 2022 By Sorbh Gupta, Quantum Mutual Fund
Below is Fixed Income Monthly Commentary August 2022 by Pankaj Pathak - Fund Manager - Fixed Income, Quantum Mutual Fund After 8 months of relentless rise, bond yields came down in July owing to a sharp fall in the global commodities prices and the US treasury yields. Weakening economic activity across advanced economies and an expectation of recession in the US and Europe triggered a sharp decline in commodity prices. It also fueled an expectation that the US federal reserve would...
Fixed Income Monthly Commentary August 2022 By Pankaj Pathak, Quantum Mutual Fund
Below are Post RBI Policy comment by Pankaj Pathak, Fund Manager-Fixed Income, Quantum Mutual Fund The 50 basis points rate hike was more or less as per the market’s estimate. But there was an expectation that the rate hiking cycle is coming close to its end. The RBI was fairly hawkish in its policy statement. At 5.4%, the repo rate is already above its pre-pandemic level. Yet, the RBI has maintained its policy stance as ‘withdrawal of accommodation’. This suggest...
Post RBI Policy comment by Pankaj Pathak, Quantum Mutual Fund
The Reserve Bank of India's (RBI) rate-setting committee is likely to hike 25-50 basis points in repo rate in the monetary policy meeting to be held between August 3-5, according to the estimates of various fund managers and economists. Economist and fund managers are of the mix view on the policy stance. Few are expecting stance will be change to 'Neutral', while some says 'Withdraw of accommodative stance could persist'. "We expect 40-50 bps hike in repo...
RBI may hike 25-50 basis points at monetary policy meeting next week
Comment on U. S. Fed Announcement By Pankaj Pathak, Fund Manager, Quantum Mutual Fund The 75-basis points rate hike was widely expected and priced in the markets. The Fed chairman made it abundantly clear that Inflation remains the Fed’s top concern; so, rate hikes would continue. There was an indication that it can hike by another 75 basis points in the next FOMC meeting in September. Markets took comfort from the fact that the Fed’s statement was more balanced this time. T...
Comment on U.S. Fed Announcement By Mr. Pankaj Pathak, Quantum Mutual Fund
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