An open-ended fund of fund (FoF) scheme investing in units of Quantum Nifty 50 exchange traded fund (ETF).
| Good to know What is a fund of funds? |
Investment objective
This scheme aims to provide capital appreciation by investing in the units of Quantum Nifty 50 ETF. This FoF offers exposure to India’s top 50 blue chip companies, which are a part of the Nifty 50 index. The index has a history of wealth creation for over 20 years and is rebalanced every six months.
One unit of this scheme approximately represents one-tenth of the Nifty 50 index. This scheme’s holdings will consist of large cap companies such as ICICI Bank, HDFC Bank, Reliance Industries, Infosys and Tata Consultancy Services.
The passive investment strategy of the fund also provides benefits such as low expenses and market-linked returns.
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Asset allocation
| Instrument | Allocation (% of total assets) | Risk profile | |
| Minimum | Maximum | ||
| Units of Quantum Nifty 50 ETF | 95 | 100 | High |
| Government securities and treasury bill maturity up to 91 days; Tri party repo and liquid schemes of mutual funds | 0 | 5 | Low |
Scheme details
| Name | Quantum Nifty 50 ETF FoF |
| Type | An open-ended fund of fund scheme investing in Quantum Nifty 50 ETF |
| Category | Equity |
| Benchmark | Nifty 50 |
| Entry/exit load | Entry: Not applicable Exit Load: Nil |
| Fund Manager | Hitendra Parekh |
| Minimum application amount | ₹500 and in multiples of ₹1. |
| Expense ratio | 0.094% |
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| This product is suitable for investors who are seeking*: | Riskometer |
| -Long term wealth creation -Investments in units of Quantum Nifty 50 ETF |
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Quantum Asset Management Company.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.