Fund ManagerMr. Pankaj PathakWork experience: 10 years. He has beenmanaging this fund since March 01, 2017

Category of SchemeLiquid Fund

Inception Date (Date of Allotment)April 07, 2006

Declaration of Net Asset Value (NAV)Every Business Day

Entry / Sales LoadNot Applicable

Total Expense Ratio (As on month end)TER specified are the actual expenses charged(i.e. effective rate) as at the end of the month.

Direct Plan - Total TER = 0.15%(Base TER 0.14% (Inclusive of 0.07% Management Fees &0.07% Other Expanses) + 0.01% GST (18% GST on0.07% Management Fees))

Regular Plan – Total TER = 0.25 %(Base TER 0.24% (Inclusive of 0.07% Management Fees &0.07% Other Expanses & 0.10% Distributor Commission) +0.01% GST (18% GST on 0.07% Management Fees))

Scheme Features

Benchmark IndexCrisil Liquid Fund Index

Growth Option: `5,000/-and in multiples of `1/- thereafter.Monthly Dividend Option: `10,000/- and in multiples of `1/-thereafter.Daily Dividend Reinvestment Option: `1,00,000/- and inmultiples of `1/- thereafter. Additional Investment: `500/-and in multiples of `1/- thereafter /50 units (For alloptions)

Minimum Application Amount(Under each Option)

To provide optimal returns with low to moderate levels of risk and high liquidity through judicious investments in money market and debt instruments.

Investment Objective

QUANTUMLIQUID FUNDAn Open Ended Liquid Scheme

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QUANTUMLIQUID FUNDAn Open Ended Liquid Scheme

For complete details on Exit Load please refer page no. 5

Exit Load

Processed through RTGS/NEFT mode on T+1basis from the date of transaction where theinvestor’s Bank details are available.Processed through cheque on T+1 basis fromthe date of transaction where the requiredBank details of investor are not available

Redemption Proceeds

Growth, Daily Dividend Reinvestment & Monthly DividendOption – Two facilities (I) Dividend Re - Investment Facility,(ii) Dividend Payout Facility

Investment Options

*Cumulative Daily AuM / No of days in the month

AUM `(In Crores)(as on November 30, 2020)

Average AUM*515.30

Absolute AUM530.07

Scheme Features

The mentioned Tax Rates shall be increased by applicable surcharge, If any, Health and Education Cess @ 4% where ever as applicable. Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes.

Stamp Duty applicable on Investors subscription unit transactions including Switch in as per the rate mentioned in the Amendments to Indian Stamp Act,1899

TRANSACTION CHARGES: No Transaction Charges shall be deducted from the investment amount for applications received in the Regular Plan.

NAV(as on November 30, 2020)

Direct Plan(`/Unit)

Regular Plan(`/Unit)

Daily Dividend Option

Growth Option

10.0079

27.5152

10.0010

27.4486

Monthly Dividend Option 10.0143 10.0109

Portfolio yield

NIL

`41708.33

2.87%

Brokerages &Commissions Details

Brokerages on Investmentsfor November 2020

Distributor commissionspaid during November 2020

Weighted Average Maturityas on November 30, 2020

Weighted Average Maturity Days

41

39

40

41

At the end of the month

Average during the month

Modified Duration

Macaulay’s Duration

2

Dividend History - Monthly Dividend option

25-Sep-20

26-Oct-20

25-Nov-20

0.02578948 0.02636038

0.02734631 0.02645787

0.02486909 0.02403265

Record Date

Gross Dividend per unit (Rs.)

Regular PlanDirect Plan

Individual/Non Individual Individual/Non Individual

*Investors are paid dividend post deduction of TDS on Gross Dividend as applicable as per Finance Act 2020

Asset Allocation & Rating Profile (% of Net Assets) as on November 30, 2020

83.67%

11.64%

4.69%

100.00%

Govt. Securities & Treasury Bills

83.67%Govt. Securities& Treasury Bills

TREPS & Net Receivable / (Payable)

11.64%TREPS & Net

Receivable / (Payable)

Finance

4.69%Finance

83.67%Sovereign

11.64%TREPS & Net

Receivable / (Payable)

4.69%A1+

Total

83.67%

11.64%4.69%

100.00%

Sovereign

TREPS & Net Receivable / (Payable)A1+

Total

3

Performance of the SchemeQuantum Liquid Fund - Direct Plan - Growth Option

Current Value `10,000 Invested atthe beginning of a given period

Benchmark AdditionalBenchmark

Period

Since Inception (07th Apr 2006) 7.15 7.24 6.40 27,515 27,869 24,833

7.29 7.66 7.07 20,216 20,934 19,815

6.63 7.30 7.22 15,679 16,381 16,2975.91 6.70 6.74 13,333 13,838 13,8595.53 6.43 6.81 11,754 12,057 12,1883.84 4.80 5.93 10,385 10,482 10,5953.23 3.64 4.01 10,027 10,030 10,0333.21 3.64 4.92 10,013 10,015 10,0203.20 3.50 4.27 10,006 10,007 10,008

Nov 30, 2010 to Nov 30, 2020 (10 years)**Nov 29, 2013 to Nov 30, 2020 (7 years)**Nov 30, 2015 to Nov 30, 2020 (5 years)**Nov 30, 2017 to Nov 30, 2020 (3 years)**Nov 30, 2019 to Nov 30, 2020 (1 year)**Oct 31, 2020 to Nov 30, 2020 (1 month)*Nov 15, 2020 to Nov 30, 2020 (15 days)*Nov 23, 2020 to Nov 30, 2020 (7 days)*

SchemeReturns

(%)Crisil Liquid Fund

Index Returns(%)

Crisil 1 year T-billIndex Returns

(%)Scheme

(`)Crisil LiquidFund Index

(Rs.)

Crisil 1 yearT-bill Index

(Rs.)

Benchmark AdditionalBenchmark

Direct Plan

Performance of the SchemeQuantum Liquid Fund - Regular Plan - Growth Option

Benchmark AdditionalBenchmark

PeriodSchemeReturns

(%)Crisil Liquid Fund

Index Returns(%)

Crisil 1 year T-billIndex Returns

(%)Scheme

(`)Crisil LiquidFund Index

(Rs.)Crisil 1 yearT-bill Index

(Rs.)

Benchmark AdditionalBenchmark

Since Inception (01st Apr 2017)

Nov 30, 2017 to Nov 30, 2020 (3 years)**Nov 30, 2019 to Nov 30, 2020 (1 year)**Oct 31, 2020 to Nov 30, 2020 (1 month)*Nov 15, 2020 to Nov 30, 2020 (15 days)*Nov 23, 2020 to Nov 30, 2020 (7 days)*

5.54

5.463.743.133.123.12

6.46

6.434.803.643.643.50

6.61

6.815.934.014.924.27

12,189

11,73010,37510,02610,01310,006

12,585

12,05710,48210,03010,01510,007

12,649

12,18810,59510,03310,02010,008

Regular Plan

Past performance may or may not be sustained in the future.Different Plans shall have a different expense structure.Refer to the section “GIPS Compliance” on Page no. 6 for GIPS related disclosure.*Simple Annualized.**Returns for 1 year and above period are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Returns are net of total expenses.Regular plan launched on 1 April 2017 but not yet completed 5 years period since its launch.

Past performance may or may not be sustained in the future.Different Plans shall have a different expense structure.Refer to the section “GIPS Compliance” on Page no. 6 for GIPS related disclosure.*Simple Annualized.**Returns for 1 year and above period are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Returns are net of total expenses.

Current Value `10,000 Invested atthe beginning of a given period

Quantum Liquid Fund Performance as on November 30, 2020

Mr Pankaj Pathak is the Fund Manager effective from

March 01, 2017.The Scheme isManaged byMr. Pankaj Pathak.

For other Schemes Managed by Mr. Pankaj Pathak please see page no. 6

4

* Cash & Cash Equivalents

Portfolio as on November 30, 2020QUANTUM LIQUID FUND

Name of Instrument RatingMarketValue(In Lakhs)

% to NetAssets

Yield toMaturity

DEBT INSTRUMENTS

ResidualMaturity(in days)

A. Listed /Awaiting listing on Stock Exchanges1. 7% GOI (MD 21/01/2021)B. Privately Placed/UnlistedC. Securitized Debt InstrumentsTotal of Debt InstrumentsMONEY MARKET INSTRUMENTSA. Treasury Bills (T-Bill)1. 91 Days Tbill (MD 28/01/2021)2. 91 Days Tbill (MD 17/12/2020)3. 182 Days Tbill (MD 10/12/2020)4. 91 Days Tbill (MD 25/02/2021)5. 182 Days Tbill (MD 07/01/2021)6. 91 Days Tbill (MD 14/01/2021)7. 91 Days Tbill (MD 10/12/2020)8. 182 Days Tbill (MD 21/01/2021)9. 182 Days Tbill (MD 14/01/2021)10. 364 Days Tbill (MD 04/02/2021)11. 91 Days Tbill (MD 04/02/2021)12. 364 Days Tbill (MD 28/01/2021)Total of T-BillB. Commercial Papers (CP)1. National Bank For Agri & Rural CP (MD 18/02/2021)Total of CPsC. TREPSTotal of Money Market Instruments

Net Receivable/(payable)

Grand Total

Sovereign 52 1,005.50 1.90% 2.93%NIL NIL NILNIL NIL NIL

1,005.50 1.90%

Sovereign 59 7,963.94 15.02%Sovereign 17 5,493.24 10.36%Sovereign 10 4,496.90 8.48%Sovereign 87 4,469.75 8.43%Sovereign 38 3,489.83 6.58%Sovereign 45 3,487.81 6.58%Sovereign 10 2,997.93 5.66%Sovereign 52 2,988.10 5.64%Sovereign 45 2,491.29 4.70%Sovereign 66 2,487.39 4.69%Sovereign 66 2,487.39 4.69%Sovereign 59 497.75 0.94%

2.85%2.81%2.80%2.87%2.88%2.90%2.80%2.85%2.90%2.85%2.85%2.85%

43,351.32 81.77%

ICRA A1+ 80 2,484.03 4.69% 2.97%

2.94%2,484.03 4.69%6,135.60 11.58%

51,970.95 98.04%

30.36 0.06%

53,006.81 100.00%

Exit Load:

Investor Exit Upon Subscription

Day 1

Day 3

Day 2

Day 4

Day 5Day 6

Day 7 Onwards

0.0070%

0.0060%

0.0065%

0.0055%

0.0050%0.0045%

NIL

% of Exit Load

Note: Redemption / Switched Outs will be done on First in First out (FIFO) basis.The above mentioned Exit Load shall be equally applicable to Systematic Withdrawal Plan (SWP), Systematic Transfer Plan (STP) and Switchesincluding existing installment of existing SIPs/ STPs / SWPs falling due after the effective date.However, no exit load will be charged for switching between option / plan within the scheme.

5

PERFORMANCE OF THE FUNDS MANAGED BY PANKAJ PATHAK

Mr. Pankaj Pathak effective from March 01, 2017.

QUANTUM DYNAMIC BOND FUND

Nov 29, 2019 toNov 27, 2020 (1 year)

Nov 30, 2017 toNov 27, 2020 (3 years)

Nov 30, 2015 toNov 27, 2020 (5 years)Period

Quantum Dynamic Bond Fund -Direct Plan - Growth OptionQuantum Dynamic Bond Fund -Regular Plan - Growth Option 9.70% 12.02% 7.81% 9.31% NA NA

9.85% 12.02% 7.94% 9.31% 9.15% 9.30%

SchemeReturn (%)

Crisil CompositeBond Fund Index

Returns# (%)

SchemeReturn (%)

Crisil CompositeBond Fund Index

Returns# (%)

SchemeReturn (%)

Crisil CompositeBond Fund Index

Returns# (%)

Past performance may or may not be sustained in the future.#Benchmark returns.Returns are net of total expenses and are calculated on the basis of Compounded Annualized Growth Rate (CAGR)Different Plans shall have different expense structure.Mr. Pankaj Pathak manages 2 schemes of the Quantum Mutual Fund.Regular plan launched on 1st April 2017 but not yet completed 5 years period since its launch.

Long Term

Short Term

20% withIndexation

Maximum 30%

10% withoutIndexation

30%

20% withIndexation

30%

10% without Indexation(on transfer of long term

capital assets beingunlisted securities)

10% without Indexation(on transfer of long term

capital assets beingunlisted securities)

Maximum 30%

20% withIndexation

30% 40%

Product Labeling

Name of the Scheme This product is suitable for investors who are seeking* Riskometer

Quantum Liquid Fund(An Open EndedLiquid Scheme)

• Income over the short term• Investments in debt / money market instruments.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

#The mentioned Tax Rates shall be increased by applicable surcharge, If any, Health and Education Cess @ 4% where ever as applicable.Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes.Stamp Duty applicable on Investors subscription unit transactions including Switch in as per the rate mentioned in the Amendments to Indian Stamp Act,1899TRANSACTION CHARGES: No Transaction Charges shall be deducted from the investment amount for applications received in the Regular Plan.

Investors understand that their principal will beat Moderately High Risk

Tax onCapital Gains#

ResidentIndividuals

& HUF

FII’s / OverseasFinancial

OrganisationsPartnership

FirmNon Resident

IndiansIndian

CompaniesForeign

Companies

GIPS Compliance

Quantum Asset Management Company Pvt. Ltd. claims compliance with the Global Investment Performance Standards(GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization,nor does it warrant the accuracy or quality of the content contained herein.

Indian Rupee (INR) is the currency used to express performance and other statistics.

As per the SEBI Guidelines, in case of liquid fund, returns for the period of 7 days, 15 days and 1 month are to beprovided using simple annualized method of calculating return. The SEBI requirements to provide such returns usingsimple annualized method of calculating returns are different from the GIPS requirements, which does not allow annualizationof returns for periods less than one year

A)

B)

C)

6