Quantum Mutual Fund launches India’s first Nifty 50 ETF Fund of Funds

This fund combines the efficiency of an ETF with the convenience of an index fund, giving investors the best of both worlds. nifty 50 ETF FOF is the most convenient way to invest in Nifty Top 50 of India without opening a Demat account. The fund will invest in units of Quantum Nifty 50 ETF, a passive scheme in the Quantum Solutions category, with a track record of 14 years and counting.”

The New Fund Offer (NFO) will open next week on Monday, July 18, 2022 and will close on August 1, 2022. Hitendra Parekh is the fund manager of this scheme. He is managing Quantum Nifty 50 ETF since its inception since July 10, 2008.

“With this new fund offering, Quantum Mutual Fund continues to delve deeper into the passive space, offering investors ease of investment and diversification across a single product. This hassle-free option can help in planning long-term goals,” Parekh said.

The scheme will re-open for subscription and redemption on an ongoing basis with effect from August 10, 2022. The investment objective of the scheme is to provide capital appreciation by investing in units of Quantum Nifty 50 ETF – replicating/tracking Nifty 50 Index. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved, the fund house said.

Chirag Mehta, CIO- Quantum mutual fund Further added, “Quantum’s DIY 12-20-80 Asset Allocation Strategy allows investors to build their investment portfolio by adopting a passive approach. This strategy has the potential to reduce downside risk and achieve your long-term goals. Investors dedicate 12 months of their spending money in liquid funds and 20% of your investible money to gold, the rest 80% can be allocated to equities.Investors invest 85% of their equity investments in Quantum Nifty 50 ETF Fund of Fund, while the remaining 15% can be allocated to Quantum India ESG Equity Fund.”

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