quantum long term equity value fund - qltevf 06€¦ · calendar, s&p bse sensex has ......

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CONTENTS PAGE NO.

QUANTUM VIEW 03

QUANTUM LONG TERM EQUITY VALUE FUND - QLTEVF 06

QUANTUM TAX SAVING FUND - QTSF 10

QUANTUM EQUITY FUND OF FUNDS - QEFOF 14

QUANTUM DYNAMIC BOND FUND - QDBF 18

QUANTUM LIQUID FUND - QLF 22

QUANTUM GOLD SAVINGS FUND - QGSF 26

QUANTUM MULTI ASSET FUND - QMAF 30

QUANTUM GOLD FUND - QGF 33

QUANTUM NIFTY ETF - QNIFTY 36

SCHEME PERFORMANCE - FUND MANAGER WISE 39

HOW TO READ THE FACTSHEET 42

STATUTORY DETAILS & RISK FACTORS 43

CONTACT US 43

INDEX

QUANTUM VIEW FOR October 2018

October 2018 turned out to be a month where equity investors earned negative returns. S&P BSE Sensex fell 4.82%

during the month (total return basis). The decline followed previous month, the index had fallen 6.21% in September. For the 10 months of 2018

calendar, S&P BSE Sensex has given meagre returns of 2.26%. Mid cap and small cap stocks were able to arrest decline better during the month.

S&P BSE Mid cap index fell 1% while S&P BSE Small cap index had 1.58% negative returns. On year to date basis, the decline has been much sharper

at 17.29% and 25.6% respectively for Mid cap and Small cap respectively.

Among sectors, the biggest losers were oil & gas, auto and IT. Oil & gas stocks came under pressure as crude prices rose and government asked oil

marketing companies to bear a part of the burden by selling at lower prices to consumers. There were also fears that they may have to absorb

higher subsidies than previously thought. Capital goods, power and banking were sectors that did well during the month, all in positive territory.

FIIs were heavy sellers in Indian equity. October witnessed FIIs dumping stocks to the extent of USD 3.75 billion. On year to date basis, FIIs have

been net sellers of USD 5.76 billion equities. However, domestic institutions have filled in the shoes for FIIs. DIIs were buyers of USD 3.5 billion in

stocks. Insurers contributed USD 558 million, balance coming from mutual funds. Cumulatively, DIIs have invested USD 15.7 billion in Indian equities

this year. Indian Rupee depreciated 2% against the U.S. dollar touching 74 mark.

The U.S. economy looks on strong footing currently. Better wage growth and lesser employment are leading to tighter monetary policy in an

economy which is growing strongly. U.S. has increased interest rates thrice in 2018 and may take another hike in balance of 2018. Europe is also

looking to reduce its asset purchases and rise in interest rates could be around the corner. Other developed countries such as U.K. have also been

raising interest rates.

As the cost of money increases, which is set by central banks (especially in U.S.), there could be a fall in equity valuation. This is particularly relevant

for emerging markets such as India. There was a flood of money coming in when interest rates were closer to zero and investors looked for arbitrage

opportunity. Now with better rates in home market, that money could head out through the door.

There has been higher geo-political uncertainty in recent terms. With sanctions on Iran imposed by U.S. starting early November, crude oil prices

could flare up. Already October saw higher oil prices, which has important bearing on India’s external balances. Recent killing of a reporter critical

of the Saudi kingdom could also have implications on oil trade and prices. The progress of Brexit is also ambiguous which has global ramifications.

Indian financial markets remained on tenterhooks, continuing from problems of previous month. IL&FS default in September was followed by

liquidity concerns of Non-banking financial companies (NBFCs) which were running asset-liability mismatch. With news of banks buying portfolio

of NBFCs, and many able to roll over their short term paper (borrowing) nervousness of market participants eased. Many other measures have been

taken including easing of system liquidity, which can put the sector back on track.

A number of companies declared their half yearly results. One broad trend has been that growth in topline has been healthy. However, rising cost

of materials including crude have eaten into profitability. Month also saw a spat between Government and RBI on a number of issues such as

regulation. Rumour mills were on overdrive, before Government clarified that RBI autonomy won’t be interfered with.

There has been a good correction in stock prices and the same has been continuing. Many stocks which looked highly valued now seem to come

within reach. As desired, we were able to add few good quality stocks using the recent opportunity. Over the long term, we remain optimistic on

Indian equities. India is likely to grow faster than many nations. Investors can expect decent return from equities over a long period in future.

Investors should take advantage of recent fall in stock markets and put more money. Equities now appear less risky than they were earlier.

Data Source: Bloomberg

Equity OutlookAtul Kumar- Head - Equity Funds

Market Returns % *October 2018

S&P BSE SENSEX **

S&P BSE MIDCAP **

S&P BSE SMALL CAP **

-4.82%

-1.00%

-1.58%

BEST PERFORMER SECTORS Capital goods, power and banking

LAGGARD SECTORS Oil & gas, auto and IT

* On Total Return Basis

Market Performance at a Glance

** Source-Bloomberg

3

October 2018

October was a positive month for the Indian government bonds despite the continuing negative sentiment and

news from the equity and credit markets. The RBI had kept policy rates unchanged at the start of the month ignoring the popular clamor for rate

hike to arrest rupee depreciation. The data releases surprised positively with CPI inflation and trade deficit coming below the market expectations.

Global Crude oil prices has also corrected by more than 10% from the recent peak.

CPI grew by only 3.77% in September 2018 over last year against market estimate of an increase of more than 4%. Broadly, inflation trajectory in the

last six months has been around 40 bps lower than our earlier estimates. This was mainly because the seasonal uptick in vegetable prices did not

materialize and price of pulses (lentils) continued it’s more than 1 year long drop. We expect Inflation to soften further in the next two months but

rebound sharply by early 2019 to move above the 5.0% mark.

All the indictors are suggesting that we are closer to the bottom in terms of rural incomes and agricultural prices and recent steps by government

(construction activity, MSP hike etc.) have potential to raise the rural economy and prices very soon.

Liquidity conditions tightened substantially in October as cash withdrawals from banks pick up ahead of the festive season. Additionally, the RBI

intervened heavily in the forex market to contain rupee depreciation post its rate pause which also added to the liquidity deficit (The RBI sold U.S.

Dollars to banks and bought Indian rupees thus resulting in lower rupee liquidity with banking system). The RBI’s foreign exchange reserves fell by

more than USD 6 billion in the month.

To address the liquidity situation, the RBI conducted longer tenure term repos and OMO (open market operation) purchase of government

securities. In October, the RBI conducted OMOs worth INR 360 billion which took the total OMO in current fiscal to INR 867 billion. The RBI has

announced another INR 400 billion of OMO purchases in the month of November.

On such backdrop, bond yields softened across the curve. The 10 year government bond yield fell by over 40 bps from its peak and currently

trading near 7.8%. The yield softening was more prominent in the short end of the curve as 3-5 year rates fell by more than 55 bps from its peak.

We expect the RBI will conduct more OMOs in the coming months which may continue to support the government bonds in near term. However,

given the upside risks to inflation and rising global yields, we do not see bond yields falling substantially from here. With this view we have used

this rally to reduce the maturity profile in Quantum Dynamic Bond Fund portfolio and maintain a cautious stance on long term bonds.

Although government bonds were supported by positive macro cues and favorable demand supply dynamics; corporates bonds remained under

pressure. In the aftermath of IL&FS default, liquidity in corporate bonds especially of NBFCs (Non-banking Finance Companies) dried up on fears

of contagion. Many of these NBFCs have large asset liability mismatches as they funded long maturity assets with short term borrowings. This also

prompted investors to review the liquidity position of housing finance companies and other lenders to long term projects.

The RBI continued to infuse liquidity in the banking system through longer tenor term repos and OMO (open market operation) purchase of

government securities, but failed to revive the investor sentiment. A large chunk of NBFC commercial papers are due for maturity in the next two

months; in absence of any major intervention by the Government/RBI refinancing could be challenging for few of them.

As we have mentioned in our earlier commentaries, the current issue in NBFCs is not one of liquidity but it is an issue of sentiment. With the market

worrying about large defaults by real estate developers, refinancing of NBFCs with higher share of developer loans will remain impacted. Although,

the RBI is infusing liquidity in the banking system, but the transmission through NBFCs and developers remains challenged and there are genuine

worries about this turning into a systemic crisis.

In such a scenario, we would advise debt investors to stay away from credit risk and invest only in debt funds which prioritizes safety and high

liquidity and manages money with prudence by being true to the investment objective of the fund.

Quantum Liquid Fund prioritizes safety and liquidity over returns and is invested only in less than 91 day maturity instruments issued by

Government and selective PSUs only.

Quantum Dynamic Bond Fund, takes higher interest risks, but does not take any credit risks and is invested only in Government Securities, treasury

bills and AAA Rated PSU bonds.

We always advise investors to have a longer time frame if they invest in bond funds.Data Source: Bloomberg, RBI

For Product Label See Page No. 21, 25

Debt OutlookPankaj Pathak - Fund Manager - Fixed Income

4

October 2018

Gold breaks out of a losing streak. After six straight months of losses, gold posted a gain of +1.9% for the month. Equities slumped and trade-war

concerns festered, hurting the outlook for growth. Italian budget disputes and simmering tensions in the Middle East further aided buying of gold.

Early signs of risk aversion along with some short covering from speculators led to the jump in gold prices. However, no further escalation in risk

aversion for now and renewed strength in the U.S. dollar capped the upside in gold. For the month, gold prices closed at $1,214.7, taking the year to

date tally to -6.8%.

U.S. stocks fell by the most since June as the effects of the trade war with China started showing up in corporate profits. European equities slid and

investors remain on edge amid Italy’s budget crisis. On the back of the worst U.S. stock sell-off since February, President Donald Trump slammed

the Federal Reserve as “crazy” for rate rises this year. To be fair, the Fed has been gradual and the selloff is more to do with growth concerns.

International Monetary Fund cut its outlook for global economic growth, its first downgrade since July 2016. IMF said that the world economy is

plateauing amid escalating trade tensions and stresses in emerging markets. The U.S. has a greater than 50-50 chance of tipping into a recession

in the next two years, according to a model tracked by JPMorgan Chase & Co. The spike in market worries on the possibility of a recession has been

the primary reason behind a rebound in gold investment demand. Slower-than-expected U.S. inflation data also aided buying of gold on bets that

a cooling cost of living may spur the Federal Reserve to pull back on its pace of interest-rate hikes.

While we talk about slowing growth, some indications of it were buried under the positive headline U.S GDP number at an annualised 3.5% QoQ

and 3.0% YoY growth. The number was inflated due to rise in inventories. But of major concern was the dwindling business investment. Real private

non-residential fixed investment rose by only 0.8% QoQ in 3Q18 and was up 6.4% YoY, down from 8.7% QoQ and 7.1% YoY in 2Q18.

Outlook

The upcoming meeting between the leaders of both the United States and China in November will be critically important and will determine

whether we will see the economic growth momentum continue, or a trade war which threatens to derail economic growth in China and the United

States. If the two leaders are unable to move the needle closer as an acceptable and amicable conclusion of the current trade war, the repercussions

would be felt globally. We have already seen early signs of market reactions to trade escalations.

The market’s other concern of late has been the 6th November US election, in which a wave of voter resentment towards President Trump led to

massive Democrat gains in the House, though it stopped short of a Democrat win in the Senate. All told the results were more or less in line with

expert forecasts, but Trump’s nudging out his Attorney General in the immediate aftermath of the election has riled up the Democrats even more

for what looks to be an incredibly contentious two-year period leading up to the next Presidential election. Legislative gridlock looks to rule the

day.

The scheduled end of quantitative easing in the Eurozone is an important development from a global perspective since it means that G7 central

banks’ aggregate balance sheet contraction is likely to accelerate in 2019. Markets will definitely feel the pinch of lower liquidity amidst rising

interest rates. If markets falter on account of these tightening measures, the ensuing risk aversion could bring some buying back to gold.

The world continues to remain in state of great disequilibrium, both with respect to the global economy and geopolitics as well. Given the

macroeconomic picture, gold will be a useful portfolio diversification tool and thereby helping you to reduce overall portfolio risk.

Data Source: Bloomberg, World Gold CouncilDisclaimer:The views expressed above are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communicating any indicative yield on investments made in the scheme(s). The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The article has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of this article should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Mutual fund investments are subject to market risks read all scheme related documents carefully

Gold OutlookChirag Mehta - Senior Fund Manager - Alternative Investments

World View

5

October 2018

QUANTUM LONG TERM EQUITY VALUE FUNDAn Open Ended Equity Scheme following a Value Investment Strategy

6

*Cumulative Daily AuM /No of days in the month

AUM `(In Crores) (as on October 31, 2018)

Fund Manager &Associate Fund Manager

Scheme Features

Investment Objective : The investment objective of the Scheme is to achieve long-term capital appreciation by investing primarily in shares of companies that will typically be included in the S&P BSE 200 Index and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets.

Benchmark Index

S&P BSE Sensex Total Return Index

Investment Options

Growth & Dividend (Dividend Option will in turn

have two Facilities, Dividend Payout Facility and

Dividend Re-investment Facility)

Exit Load

Repurchase/ Redemption/Switch Out -

On or before 180 days from the date of

allotment 4.00%, after 180 days but on or

before 365 days from the date of allotment

3.00%, after 365 days but on or before 545

days from the date of allotment 2.00%, after

545 days but on or before 730 days from the

date of allotment 1.00%, after 730 days from

the date of allotment Nil

Redemption Proceeds

Processed through RTGS/NEFT mode on

T+3 basis from the date of transaction where

the investor’s Bank details are available.

Processed through cheque on T+3 basis

from the date of transaction where the

required Bank details of investor are not

available.

Minimum Application Amount (Under each Option)

Purchase: ` 500/- and in multiples of ` 1/-

thereafter. Additional Purchase: ` 500/- and in

multiples of ` 1/- thereafter/ 50 units

Total Expense Ratio(As on month end)

`

Regular Plan - 1.46% - (1.24% Management

Fees + 0.22% GST (18% GST on 1.24%

Management Fees)

Direct Plan - 1.29% - (1.09% Management

Fees + 0.20% GST (18% GST on 1.09%

Management Fees)

Entry / Sales Load

Not Applicable

Inception Date(Date of Allotment)

March 13, 2006

Declaration of Net Asset Value (NAV)

Every Business Day

Mr. Atul Kumar Work experience: 15 years. He has been

managing this fund Since November 15, 2006

Mr. Nilesh ShettyWork experience: 14 years. He has been

managing this fund Since March 28, 2011

RegularPlan( ` / Unit)Dividend Option

Growth Option

53.17 52.88

52.72 52.57

NAV(as on October 31, 2018)

Direct Plan(`/Unit)

Regular Plan(`/Unit)

Category of Scheme

Value Fund

Taxation#

The amount of Long Term Capital Gain in

excess of Rs 1,00,000/- in a year will be

taxable @ 10%

Tax on Short Term Capital Gains - 15%

Absolute AUM

891.70

Average AUM*

871.28

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

October 2018

7

The Scheme is co-managed by Mr. Atul Kumar and Mr. Nilesh Shetty.For other Schemes Managed by Mr. Atul Kumar and Mr. Nilesh Shetty please see page no.39Mr. Atul Kumar is the Fund Manager effective from November 15, 2006Mr. Nilesh Shetty is the Associate Fund Manager effective from March 28, 2011.

Quantum Long Term Equity Value Fund Performance as on October 31, 2018

Key Statistics Brokerages & Commissions Details

October 31, 2017 to October 31, 2018 (1 year)

October 30, 2015 to October 31, 2018 (3 years)




Since Inception (13th March 2006)

-0.64 4.91 1.91 9,936 10,491 10,191

11.44 10.33 10.22 13,848 13,436 13,396

14.71 11.75 11.89 19,872 17,430 17,546

13.88 11.58 11.39 24,856 21,542 21,284

19.35 15.03 15.04 58,708 40,596 40,619

14.05 11.18 11.12 52,720 38,196 37,926

Current Value ` 10,000 Investedat the beginning of a given period

Quantum Long Term Equity Value Fund - Direct Plan - Growth Option

Performance of the Scheme

Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calculation.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).

Nifty 50 TRI Returns (`)

S&P BSE Sensex TRI

Returns (`)

SchemeReturns

(`)

Nifty 50 TRI Returns (%)

SchemeReturns

(%)

Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calculation.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch


Since Inception (1st April 2017)

-0.83 4.91 1.91 9,917 10,491 10,191

5.25 11.49 9.74 10,846 11,883 11,588


Quantum Long Term Equity Value Fund - Regular Plan - Growth Option


Nifty 50 TRI Returns (`)

SchemeReturns

(`)

Nifty 50 TRI Returns (%)

SchemeReturns

(%)

S&P BSE Sensex TRI

Returns (%)

S&P BSE Sensex TRI

Returns (%)

S&P BSE Sensex TRI Returns (`)

^^StandardDeviation

13.02%

^^Beta

0.83

^^SharpeRatio

0.39

Brokerages on Investments for October 2018 ` 12,23,481.04

Distributor commissions paid during October 2018 ` 38,479.49

Portfolio Turnover Ratio (Last one year): 6.93%

Period

Period

October 2018

Past performance may or may not be sustained in the future. Load is not taken into consideration using applicable NAV on the SIP day (5th of every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of uniform and regular monthly subscriptions as on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day) and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of cash flow. Assuming ` 10,000 invested every month on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day), the 1 year, 3 years, 5 years, 7 years, 10 years and since inception returns from SIP are annualized and compounded investment return computed on the assumption that SIP installments were received across the time periods from the start date of SIP from the end of the relevant period viz. 1 year, 3 years, 5 years, 7 years, 10 years and since Inception. *XIRR - XIRR calculates the internal rate of return to measure and compare the profitability of series of investments.

Total Amount Invested (`‘000)

Mkt Value as on October 31, 18 (`‘000)

Returns (XIRR*) (%)

S&P BSE - SENSEX TRI (XIRR*) (%)

NIFTY 50 TRI (XIRR*) (%)

1,510.00 1,200.00 840.00 600.00 360.00 120.00

3,831.11 2,519.75 1,328.57 780.81 407.63 119.36

13.88 14.22 12.91 10.52 8.30 -1.01

10.79 11.68 11.62 10.10 11.19 -0.55

10.65 11.43 11.34 9.75 10.04 -2.74

Since Inception SIP 10 Years SIP 3 Years SIP7 Years SIP 5 Years SIP 1 Year SIP

SIP Performance of Quantum Long Term Equity Value Fund as on October 31, 2018 - Direct Plan - Growth Option

SIP Performance

Industry Allocation (% of Net Assets) as on December 31, 2017

Industry Allocation (% of Net Assets) as on October 31, 2018

8

October 2018

2.00%

2.31%

2.91%

3.22%

3.79%

3.84%

4.19%

6.47%

8.37%

11.61%

13.37%

13.66%

16.62%

0% 2% 4% 6% 8% 10% 12% 14% 16% 18%

Auto Ancillaries

Construction Project

Oil

Ferrous Metals

Gas

Hotels, Resorts And OtherRecreational Activities

Cement

Pharmaceuticals

Power

Banks

Auto

Finance

Software

9

^^ Note:Risk Free Rate assumed to be 6.60% (FBIL Overnight MIBOR for 31st October 2018) for calculating Sharpe Ratio.

Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.

Definitions

Standard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to

more stability.

Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of

less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more

volatile than the market.

Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe

ratio, the better its risk-adjusted performance has been.

Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year.

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

Name of the Scheme This product is suitable for investors who are seeking*Quantum Long TermEquity Value Fund(An Open Ended EquityScheme following aValue InvestmentStrategy)

Investors understand that their principal will be at Moderately High Risk

Riskometer

Product Labeling

• Long term capital appreciation• Invests primarily in equity and equity related securities of companies in S&P BSE 200 index. Moderately Moderate Moderately

Low

High

L

ow

High

HIGHLOW

Name of Instrument QuantityIndustry / RatingMarket

Value InLakhs

% toNet

Assets

* Cash & Cash Equivalents

A) Listed /Awaiting listing on Stock Exchanges1. Infosys Limited Software 10,24,210 7,030.18 7.88%

2. Housing Development Finance Corporation Limited Finance 3,73,763 6,612.80 7.42%

3. Bajaj Auto Limited Auto 2,02,108 5,242.08 5.88%

4. Hero MotoCorp Limited Auto 1,76,214 4,867.65 5.46%

5. ICICI Bank Limited Banks 12,50,895 4,440.68 4.98%

6. State Bank of India Banks 14,83,361 4,174.18 4.68%

7. Wipro Limited Software 12,05,937 3,994.06 4.48%

8. Tata Consultancy Services Limited Software 1,95,873 3,796.31 4.26%

9. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 26,60,205 3,426.34 3.84%

10. GAIL (India) Limited Gas 9,02,910 3,379.14 3.79%

11. Cipla Limited Pharmaceuticals 4,92,999 3,102.20 3.48%

12. NTPC Limited Power 19,20,869 3,066.67 3.44%

13. Tata Steel Limited Ferrous Metals 5,12,859 2,840.47 3.19%

14. Shriram Transport Finance Company Limited Finance 2,43,167 2,832.41 3.18%

15. LIC Housing Finance Limited Finance 6,64,315 2,731.00 3.06%

16. Lupin Limited Pharmaceuticals 3,01,353 2,668.33 2.99%

17. Oil & Natural Gas Corporation Limited Oil 16,92,984 2,594.50 2.91%

18. Power Grid Corporation of India Limited Power 13,83,168 2,572.00 2.88%

19. Larsen & Toubro Limited Construction Project 1,58,466 2,056.10 2.31%

20. ACC Limited Cement 1,38,046 1,897.86 2.13%

21. Ambuja Cements Limited Cement 9,30,710 1,834.89 2.06%

22. PTC India Limited Power 23,81,506 1,829.00 2.05%

23. Tata Motors Limited Auto 10,09,893 1,808.72 2.03%

24. Exide Industries Limited Auto Ancillaries 6,70,819 1,784.71 2.00%

25. Yes Bank Limited Banks 9,24,819 1,739.58 1.95%

26. Tata Steel Ltd - Partly Paid Share Ferrous Metals 24,999 25.17 0.03%

B) Unlisted NIL NILTotal of all Equity 82,347.03 92.36%MONEY MARKET INSTRUMENTS A) Treasury Bills (T-Bill) 1. 364 Days Tbill (MD 13/06/2019) Sovereign 50,000 47.87 0.05%

Total of T-Bill 47.87 0.05%B) Collateralised Borrowing & Lending Obligation (CBLO)* 8,667.25 9.72%Total of Money Market Instruments 8,715.12 9.77%Net Receivable/(payable) (1,892.42) -2.13%Grand Total 89,169.73 100.00%

October 2018

Portfolio as on October 31, 2018

QUANTUM LONG TERM EQUITY VALUE FUND

QUANTUM TAX SAVING FUNDAn Open Ended Equity Linked Saving Scheme with a Statutory Lock in

of 3 years and Tax Benefit

RegularPlan( ` / Unit)


Direct Plan(`/Unit)




Benchmark Index

S&P BSE Sensex Total Return Index

Investment Options

Growth & Dividend

Scheme Features

Investment Objective : The investment objective of the Scheme is to achieve long-term capital appreciation by

investing primarily in shares of companies that will typically be included in the S&P BSE 200 Index and are in a position

to benefit from the anticipated growth and development of the Indian economy and its markets.

Exit Load

Nil

Redemption Proceeds







available.


`


Fees + 0.22% GST (18% GST on 1.24%

Management Fees)


Fees + 0.20% GST (18% GST on 1.09%

Management Fees)

Entry / Sales Load

Not Applicable




multiples of ` 500/- thereafter


December 23, 2008


Every Business Day

Fund Manager &Associate Fund Manager

Mr. Atul KumarWork experience: 15 years. He has been

managing this fund since December 23, 2008

Mr. Sorbh Gupta Work experience: 12 years. He has been

managing this fund since October 1, 2016

Dividend Option 52.28 52.13

Growth Option 52.28 52.13

Category of Scheme

Equity Linked Saving Scheme (ELSS)

Lock-in Period

3 years from the date of allotment of the

respective Units

Taxation#


excess of ` 1,00,000/- in a year will be

taxable @ 10% Tax on Short Term Capital

Gains - 15%

10

Absolute AUM

70.88

Average AUM*

69.12

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

October 2018

Quantum Tax Saving Fund Performance as on October 31, 2018

The Scheme is Co-Managed by Mr. Atul Kumar and Mr. Sorbh Gupta.For other Schemes Managed by Mr. Atul Kumar please see page no. 39Mr. Atul Kumar is the Fund Manager effective from December 23, 2008Mr. Sorbh Gupta is the Associate Fund Manager effective from October 1,2016





Since Inception (23rd Dec 2008)

-0.74 4.91 1.91 9,926 10,491 10,191

11.71 10.33 10.22 13,949 13,436 13,396

14.74 11.75 11.89 19,893 17,430 17,546

13.90 11.58 11.39 24,885 21,542 21,284

18.26 15.37 14.92 52,280 40,975 39,416


SchemeReturns

(%)

S&P BSE Sensex TRI Returns (%)

Nifty 50 TRIReturns (%)

SchemeReturns

(`)


Nifty 50 TRIReturns (`)

Quantum Tax Saving Fund - Direct Plan - Growth Option


Past performance may or may not be sustained in the future.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).

Period



-0.93 4.91 1.91 9,907 10,491 10,191

5.34 11.49 9.74 10,860 11,883 11,588


Past performance may or may not be sustained in the future.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch

Key Statistics Brokerages & Commissions Details

^^StandardDeviation

13.21%

^^Beta

0.85

^^SharpeRatio

0.41


SchemeReturns

(%)

S&P BSE Sensex TRI Returns (%)

Nifty 50 TRIReturns (%)

SchemeReturns

(`)


Nifty 50 TRIReturns (`) Period

11

Brokerages on Investments for October 2018 ` 92,393.56

Distributor Commissions paid during October 2018 ` 991.38


Quantum Tax Saving Fund - Regular Plan - Growth Option

October 2018

Total Amount Invested (`.‘000)


Returns (XIRR*) (%)

S&P BSE - SENSEX TRI (XIRR*) (%)

NIFTY 50 TRI (XIRR*) (%)

1,180.00 840.00 600.00 360.00 120.00

2,372.48 1,331.19 782.36 408.47 119.28

13.65 12.96 10.60 8.44 -1.13

11.47 11.62 10.10 11.19 -0.55

11.21 11.34 9.75 10.04 -2.74

Since Inception SIP 7 Years SIP 5 Years SIP 3 Years SIP 1 Year SIP

Quantum Tax Saving Fund as on October 31, 2018 - Direct Plan - Growth Option

SIP Performance

Past performance may or may not be sustained in the future. Scheme performance has been calculated using applicable NAV on the SIP day (5th of every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of uniform and regular monthly subscriptions as on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day) and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of cash flow. Assuming ` 10,000 invested every month on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day), the 1 year, 3 years, 5 years, 7 years, and since inception returns from SIP are annualized and compounded investment return computed on the assumption that SIP installments were received across the time periods from the start date of SIP from the end of the relevant period viz. 1 year, 3 years, 5 years, 7 years and since Inception. *XIRR - XIRR calculates the internal rate of return to measure and compare the profitability of series of investments.

Industry Allocation (% of Net Assets) as on December 31, 2017Industry Allocation (% of Net Assets) as on October 31, 2018

12October 2018

2.84%

3.10%

3.12%

3.15%

3.66%

3.73%

3.87%

7.00%

8.52%

11.66%

13.12%

13.56%

17.33%

0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%

Auto Ancillaries

Ferrous Metals


Oil

Cement

Gas

Hotels, Resorts And OtherRecreational Activities

Pharmaceuticals

Power

Banks

Auto

Finance

Software




Definitions

Standard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to

more stability.


less than 1 means that these curity will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more

volatile than the market.



Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year.

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

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


Riskometer

Product Labeling

• Long term capital appreciation• Invests primarily in equity and equity related securities of companies in S&P BSE 200 index and to save tax u/s 80 C of the Income Tax Act. Investments in this product are subject to lock in period of 3 years.

Moderately Moderate Moderately

Low

High

L

ow

High

HIGHLOW

Quantum Tax Saving Fund(An Open Ended EquityLinked Saving Scheme witha Statutory Lock in of 3years and Tax Benefit)

13October 2018

Name of Instrument QuantityIndustryMarket

Value InLakhs

% to NetAssets

EQUITY & EQUITY RELATED A) Listed /Awaiting listing on Stock Exchanges 1. Infosys Limited Software 81,216 557.47 7.86%2. HDFC Limited Finance 29,495 521.84 7.36%3. Bajaj Auto Limited Auto 15,560 403.58 5.69%4. Hero MotoCorp Limited Auto 13,925 384.66 5.43%5. ICICI Bank Limited Banks 1,02,904 365.31 5.15%6. Tata Consultancy Services Limited Software 18,719 362.80 5.12%7. State Bank of India Banks 1,17,961 331.94 4.68%8. Wipro Limited Software 93,038 308.14 4.35%9. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 2,13,134 274.52 3.87%10. Cipla Limited Pharmaceuticals 43,345 272.75 3.85%11. GAIL (India) Limited Gas 70,565 264.09 3.73%12. NTPC Limited Power 1,64,298 262.30 3.70%13. Shriram Transport Finance Company Limited Finance 19,248 224.20 3.16%14. Oil & Natural Gas Corporation Limited Oil 1,45,512 223.00 3.15%15. Lupin Limited Pharmaceuticals 25,183 222.98 3.15%16. Larsen & Toubro Limited Construction Project 17,059 221.34 3.12%17. Tata Steel Limited Ferrous Metals 39,405 218.24 3.08%18. LIC Housing Finance Limited Finance 52,345 215.19 3.04%19. Exide Industries Limited Auto Ancillaries 75,610 201.16 2.84%20. Power Grid Corporation of India Limited Power 1,04,263 193.88 2.74%21. PTC India Limited Power 1,91,967 147.43 2.08%22. Tata Motors Limited Auto 79,173 141.80 2.00%23. Ambuja Cements Limited Cement 70,990 139.96 1.97%24. Yes Bank Limited Banks 68,839 129.49 1.83%25. ACC Limited Cement 8,690 119.47 1.69%26. Tata Steel Ltd - Partly Paid Share Ferrous Metals 1,717 1.73 0.02%B). Unlisted NIL NILTotal of all Equity 6,709.27 94.66%MONEY MARKET INSTRUMENTS A) Collateralised Borrowing & Lending Obligation (CBLO)* 481.23 6.79%Net Receivable/(payable) -102.05 -1.45%Grand Total 7,088.45 100.00%


QUANTUM TAX SAVING FUND

14

QUANTUM EQUITY FUND OF FUNDSAn Open Ended Fund of Funds scheme Investing in Open Ended Diversified Equity Schemes of Mutual Fund



25.12

Absolute AUM

25.12

Average AUM*

25.53

Category of Scheme

Fund of Funds – Domestic

Scheme Features

Investment Objective : The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of open-ended diversified equity schemes of mutual funds registered with SEBI. There can be no assurance of positive returns from following the stated investment strategy.


`


Fees + 0.10% GST (18% GST on 0.53%

Management Fees)


Fees + 0.08% GST (18% GST on 0.43%

Management Fees)

Entry / Sales Load

Not Applicable

Benchmark Index

S&P BSE 200 TRI

Investment Options

Growth & Dividend (Dividend Option will in turn

have two Facilities, Dividend Payout Facility and

Dividend Re-investment Facility)

Exit Load

Repurchase/ Redemption/ Switch Out - On

or before 365 days from the date of allot-

ment 1.5 %.

Research Services

Quantum Information Services Private

Limited (QIS) which owns the website

www.PersonalFN.com is the designated

agency to provide a recommended list of

diversified equity schemes to Quantum

Equity Fund of Funds. The investments in

diversified equity schemes is made by Quan-

tum Equity Fund of Funds based on / from

that recommended list of diversified equity

schemes provide by QIS.

Redemption Proceeds







available.




multiples of ` 1/- thereafter/ 50 units


July 20, 2009


Every Business Day

Fund Manager

Mr. Chirag MehtaWork experience: 14 years. He has been

managing this fund since November 1, 2013

RegularPlan( ` / Unit)Dividend Option

Growth Option

32.616 32.555

32.616 32.555


Direct Plan(`/Unit)


October 2018

Quantum Equity Fund of Funds Performance as on October 31, 2018

For other Schemes Managed by Mr. Chirag Mehta please see page no.39, 40Mr. Chirag Mehta is the Fund Manager effective from November 01,2013.

Brokerages & Commissions Details

Brokerages on Investments for October 2018 NIL


^^StandardDeviation

14.37%

^^Beta

0.95

^^SharpeRatio

0.25





Since Inception (20th July 2009)

-5.20 -0.98 4.91 9,480 9,902 10,491

9.55 10.67 10.33 13,152 13,560 13,436

16.59 13.76 11.75 21,551 19,058 17,430

13.83 12.45 11.58 24,780 22,747 21,542

13.57 11.44 10.80 32,616 27,354 25,930


Quantum Equity Fund of Funds - Direct Plan - Growth Option


Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calucation.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).

S&P BSESensex TRI

Returns (`)

S&P BSE 200 TRI

Returns (`)

SchemeReturns

(`)

S&P BSESensex TRI

Returns (%)

SchemeReturns

(%)

Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme retuarns calucation.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch



-5.31 -0.98 4.91 9,469 9,902 10,491

5.02 8.40 11.49 10,807 11,365 11,883


Quantum Equity Fund of Funds - Regular Plan - Growth Option


S&P BSESensex TRI

Returns (`)

SchemeReturns

(`)

S&P BSESensex TRI

Returns (%)

SchemeReturns

(%)

S&P BSE 200 TRI

Returns (%)

S&P BSE 200 TRI

Returns (%)

S&P BSE 200 TRI

Returns (`)

15

Key Statistics

Period

Period

October 2018

Name of Instrument QuantityMarket

Value InLakhs

% to NetAssets


Past performance may or may not be sustained in the future. Load is not taken into consideration using applicable NAV on the SIP day (5th of every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of uniform and regular monthly subscriptions as on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day) and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of cash flow. Assuming ` 10,000 invested every month on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day), the 1 year, 3 years, 5 years, 7 years and since inception returns from SIP are annualized and compounded investment return computed on the assumption that SIP installments were received across the time periods from the start date of SIP from the end of the relevant period viz. 1 year, 3 years, 5 years, 7 years and since Inception. *XIRR - XIRR calculates the internal rate of return to measure and compare the profitability of series of investments.



Returns (XIRR*) (%)

S&P BSE 200 TRI (XIRR*) (%)

S&P BSE SENSEX TRI (XIRR*) (%)

1,110.00 840.00 600.00 360.00 120.00

2,021.11 1,349.35 777.15 398.73 113.35

12.54 13.34 10.33 6.80 -10.30

11.38 12.33 10.40 9.38 -6.18

10.84 11.62 10.10 11.19 -0.55

Since Inception SIP 7 Years SIP 5 Years SIP 1 Year SIP3 Year SIP

SIP Performance of Quantum Equity Fund of Funds as on October 31, 2018 - Direct Plan - Growth Option

SIP Performance

MUTUAL FUND UNITS

1. Mirae Asset India Equity Fund-Direct Plan-Growth Option 7,84,149 380.61 15.15%

2. ICICI Prudential Bluechip Fund-Direct Plan-Growth Option 8,74,109 361.79 14.40%

3. Aditya Birla Sun Life Frontline Equity Fund-Direct Plan-Growth Option 1,62,369 354.95 14.13%

4. Franklin India Equity Fund-Direct Plan-Growth Option 59,806 347.87 13.85%

5. Invesco India Growth Opportunities Fund-Direct Plan-Growth Option 10,06,544 342.53 13.64%

6. Franklin India PRIMA FUND-Direct Plan-Growth Option 35,610 333.12 13.26%

7. L&T Mid Cap Fund-Direct Plan-Growth Option 2,46,497 328.75 13.09%

Total of Mutual Fund Units 2,449.62 97.52%

MONEY MARKET INSTRUMENTS

A) Collateralised Borrowing & Lending Obligation (CBLO)* 61.87 2.46%

Net Receivable/(payable) 0.27 0.02%

Grand Total 2,511.76 100.00%

16October 2018


QUANTUM EQUITY FUND OF FUNDS



Definitions Standard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to

more stability.


less than 1 means that thesecurity will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile

than the market.



#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.

The Schemes which are selected for investments in QEFOF based on QIS / PFN Research.

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


Name of the Scheme This product is suitable for investors who are seeking*Quantum Equity Fundof Funds (An OpenEnded Fund of Funds scheme Investing in Open Ended DiversifiedEquity Schemes ofMutual Funds) Investors understand that their principal will be at Moderately High Risk

Riskometer

Product Labeling

• Long term capital appreciation• Investments in portfolio of open-ended diversified equity schemes of mutual funds registered with SEBI whose underlying investments are in equity and equity related securities of diversified companies.


Low

High

L

ow

High

HIGHLOW

Tax on Capital Gains# Resident Individuals & HUF

FII’s / Overseas FinancialOrganisations

Partnership Firm Non Resident Indians IndianCompanies

Foreign Companies

Short Term Maximum 30% 30% 30% Maximum 30% 30% 40%

10% without Indexation (ontransfer of long term capitalassets being unlisted securities)

Indexation20% with

10% without Indexation (on transferof long term capital assets beingunlisted securities)

20% with Indexation10% without Indexation20% with IndexationLong Term

17October 2018

QUANTUM DYNAMIC BOND FUNDAn Open Ended Dynamic Debt Scheme Investing Across Duration

Investment Objective : To generate income and capital appreciation through active management of portfolio consisting of short term, long term debt and money market instruments.

RegularPlan( ` / Unit)Monthly Dividend Option

Growth Option

10.1850 10.1880

13.1579 13.1382


Direct Plan(`/Unit)




Absolute AUM

57.59

Average AUM*

58.97

Benchmark Index

CRISIL Composite Bond Fund Index

Exit Load

Nil


May 19, 2015

Fund Manager

Mr. Pankaj Pathak Work experience: 08 years. He has been

managing this fund since March 01, 2017


Every Business Day

Investment Options

Growth Option, Monthly Dividend Payout Option

and Monthly Dividend Reinvestment Option

Scheme Features

Entry/ Sales Load

Not Applicable



thereafter.

Additional Purchase: ` 500/- and in multiples

of ` 1/- thereafter/ 50 units

Redemption Proceeds

Processed through RTGS/NEFT mode on T+1

basis from the date of transaction where the

investor’s Bank details are available.

Processed through cheque on T+1 basis from

the date of transaction where the required

Bank details of investor are not available.Total Expense Ratio (As on month end)

`

Regular Plan - 0.79% - (0.67%

Management Fees + 0.12% GST (18%

GST on 0.67% Management Fees)

Direct Plan - 0.67% - (0.57%

Management Fees + 0.10% GST (18%

GST on 0.57% Management Fees)

Category of Scheme

Dynamic Bond Fund

18October 2018

Regular Plan

Record Date Net Dividend per unit (`)(Post Dividend Distribution Tax)

Individual Non Individual Individual Non Individual

Net Dividend per unit (`)(Post Dividend Distribution Tax)

Dividend History - Monthly Dividend option Direct Plan Regular Plan

Asset Allocation & Rating Profile (% of Net Assets) as on October 31, 2018

19

Brokerages & Commissions DetailsWeighted Average Maturity

as on October 31, 2018(Years)

At the end of the month 1.43

Modified Duration 1.24


Distributor commissions paid during October 2018 ` 345.28

Portfolio Yield 7.80%

27-Aug-18

25-Sep-18

25-Oct-18

0.04942548 0.04536434 0.04472592 0.04105093

Nil Nil Nil Nil

0.03041882 0.02791939 0.02533174 0.02325030

October 2018

Govt. Securities & Treasury Bills,

61.25%

Public Financial Institution,

34.33%

CBLO & Net Receivable / (Payable),

4.42%

Govt. Securities & Treasury Bills

Public Financial Institution

CBLO & Net Receivable / (Payable)

Sovereign, 61.25%

AAA, 34.33%


4.42%

Sovereign

AAA


20

For other Schemes Managed by Mr. Pankaj Pathak please see page no.41Mr. Pankaj Pathak is the Fund Manager effective from March 01,2017.

Quantum Dynamic Bond Fund Performance as on October 31, 2018

Past performance may or may not be sustained in the future. Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch

Past performance may or may not be sustained in the future. Different Plans shall have a different expense structure.The Scheme has been in existence for more than 3 year but has not yet completed 5 years period from inception.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).


SchemeReturns

(%)

CRISIL 10 YearGilt Index

Returns (%)

SchemeReturns (`)

CRISIL CompositeBond Fund Index

Returns (`)


Returns (%)


Returns (`)

Quantum Dynamic Bond Fund - Direct Plan - Growth Option

Performance of the scheme

Period


SchemeReturns

(%)


Returns (%)

SchemeReturns (`)


Returns (`)


Returns (%)


Returns (`)

Quantum Dynamic Bond Fund - Regular Plan - Growth Option


Period



1.61 1.74 -0.47 10,161 10,174 9,953

4.44 3.93 0.64 10,713 10,631 10,102



Since Inception (19th May 2015)

1.72 1.74 -0.47 10,172 10,174 9,953

7.63 6.78 5.44 12,474 12,179 11,726

8.26 7.24 5.85 13,158 12,736 12,170

October 2018

#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.



LOW HIGH


Quantum DynamicBond Fund(An Open EndedDynamic DebtScheme InvestingAcross Duration)

• Regular income over short to medium term and capital appreciation• Investment in Debt / Money Market Instruments / Government Securities.

Investors understand that their principal will be at Moderate Risk

Riskometer

Product Labeling


Low

High

L

ow

High

HIGHLOW




Foreign Companies



Indexation20% with



21October 2018

Name of Instrument RatingMarket

Value InLakhs

% to NetAssets

DEBT INSTRUMENTS

A) Listed /Awaiting listing on Stock Exchanges

I) Bonds

1. 9.25% EXIM Bank NCD (MD 12/07/2022) CRISIL AAA 507.03 8.80%

2. 7.72% IRFC NCD Series 128 (MD 07/06/2019) CRISIL AAA 497.46 8.64%

3. 7.65% SIDBI NCD SrXII (MD 15/04/2021) CRISIL AAA 487.92 8.47%

4. 6.98% NABARD NCD SR 18 G (MD 30/09/2020) CRISIL AAA 485.04 8.42%

Total of Bonds 1,977.45 34.33%

II) Government Securities

1. 8.27% GOI (MD 09/06/2020) Sovereign 1,514.55 26.30%

2. 6.84% GOI (MD 19/12/2022) Sovereign 18.25 0.32%

Total of Government Securities 1,532.80 26.62%

B) Privately Placed/Unlisted NIL NIL

C) Securitized Debt Instruments NIL NIL

Total of Debt Instruments 3,510.25 60.95%


A) Treasury Bills (T-Bill)

1. 364 Days Tbill (MD 18/10/2019) Sovereign 1,399.81 24.31%

2. 91 Days Tbill (MD 21/12/2018) Sovereign 495.43 8.60%

3. 364 Days Tbill (MD 13/12/2018) Sovereign 99.23 1.72%

Total of T-Bills 1,994.47 34.63%

B) Commerical Papers (CP)

Total of CPs - -

C) Collateralised Borrowing & Lending Obligation (CBLO)* 158.72 2.76%

Total of Money Market Instruments 2,153.19 37.39%

Net Receivable / (Payables) 95.85 1.66%

Grand Total 5,759.29 100.00%



QUANTUM DYNAMIC BOND FUND

QUANTUM LIQUID FUNDAn Open Ended Liquid Scheme

RegularPlan( ` / Unit)Daily Dividend Option

Monthly Dividend Option

Growth Option

10.0094 10.0042

10.0171 10.0167

24.7901 24.7690


Direct Plan(`/Unit)




Benchmark Index

Crisil Liquid Fund Index

Exit Load

Nil


April 07, 2006

Fund Manager

Mr. Pankaj Pathak Work experience: 08 years. He has been

managing this fund since March 01, 2017


Every Business Day

Investment Options

Growth, Daily Dividend Reinvestment & Monthly

Dividend Option – Two facilities (i) Dividend Re -

Investment Facility, (ii) Dividend Payout Facility

Redemption Proceeds






Bank details of investor are not available.

Entry/ Sales Load

Not Applicable

Scheme Features

Investment Objective : The primary investment objective of the Scheme is to provide optimal returns with low to moderate levels of risk and high liquidity through judicious investments in money market and debt instruments.

Total Expense Ratio (As on month end)

`


Fees + 0.04% GST (18% GST on 0.20%

Management Fees)


Fees + 0.03% GST (18% GST on 0.15%

Management Fees)


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 in multiples of ` 1/- thereafter. Additional Investment: ` 500/- and in multiples of ` 1/- thereafter /50 units (For all options)

Category of Scheme

Liquid Fund

22

Absolute AUM

192.69

Average AUM*

179.54

October 2018

Brokerages & Commissions DetailsWeighted Average Maturity

as on October 31, 2018(Days)

At the end of the month 33

Average during the month 37

Modified Duration 31

Regular Plan

Record Date Net Dividend per unit (`)(Post Dividend Distribution Tax)

Individual Non Individual Individual Non Individual

Net Dividend per unit (`)(Post Dividend Distribution Tax)

Dividend History - Monthly Dividend option Direct Plan

Asset Allocation & Rating Profile (% of Net Assets) as on October 31, 2018

27-Aug-18 0.04095056 0.03758577 0.04057050 0.03723694

25-Sep-18 0.03443782 0.03160817 0.03414770 0.03134188

25-Oct-18 0.04065295 0.03731261 0.04064040 0.03730110

23

Brokerages on Investments for October 2018 `4,500.00

Distributor commissions paid during October 2018 `1,293.74

Portfolio Yield 6.81%


Govt. Securities

Public Financial Institution

Petroleum

Energy


A1+

Sovereign

October 2018


15.01%

Govt. Securities, 51.55%

Public Financial Institution,

15.40%

Petroleum, 5.18%

Energy, 12.86%


15.01%

A1+33.44%

Sovereign51.55%

Quantum Liquid Fund Performance as on October 31, 2018

For other Schemes Managed by Mr. Pankaj Pathak please see page no.41Mr. Pankaj Pathak is the Fund Manager effective from March 01,2017.

October 24, 2018 to October 31, 2018 (7 Days)*


September 30, 2018 to October 31, 2018 (1 Month)*

October 31, 2017 to October 31, 2018 (1 year)**

October 30, 2015 to October 31, 2018 (3 years)**




Since Inception (07th April 2006)**

6.57 7.29 7.66 10,013 10,014 10,015

6.57 7.22 9.13 10,027 10,030 10,038

6.66 7.52 11.09 10,057 10,064 10,094

6.40 7.32 6.11 10,640 10,732 10,611

6.49 7.21 6.47 12,080 12,328 12,074

7.29 7.86 7.22 14,218 14,603 14,176

7.77 8.11 7.21 16,890 17,268 16,284

7.37 7.52 6.40 20,378 20,666 18,600

7.48 7.45 6.28 24,790 24,679 21,503

Current Value `10,000 Investedat the beginning of a given period

SchemeReturns

(%)

Crisil LiquidFund IndexReturns (%)

Crisil 1 yearT-bill IndexReturns (%)

SchemeReturns

(`)

Crisil LiquidFund IndexReturns (`)

Crisil 1 yearT-bill IndexReturns (`)

Quantum Liquid Fund - Direct Plan - Growth Option


Past performance may or may not be sustained in the future. Different Plans shall have a different expense structure.* Simple Annualized** Returns for 1 year and above period are calculated on the basis of Compounded Annualized Growth Rate (CAGR).



September 30, 2018 to October 31, 2018 (1 Month)*

October 31, 2017 to October 31, 2018 (1 year)**

Since Inception (1st April 2017)**

6.51 7.29 7.66 10,012 10,014 10,015

6.52 7.22 9.13 10,027 10,030 10,038

6.60 7.52 11.09 10,056 10,064 10,094

6.35 7.32 6.11 10,635 10,732 10,611

6.19 7.07 5.90 10,999 11,144 10,952

Quantum Liquid Fund - Regular Plan - Growth Option


Past performance may or may not be sustained in the future. Different Plans shall have a different expense structure.* Simple Annualized** Returns for 1 year and above period are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch

Period

Period


SchemeReturns

(%)


Crisil 1 yearT-bill IndexReturns (%)

SchemeReturns

(`)

Crisil LiquidFund IndexReturns (`)

Crisil 1 yearT-bill IndexReturns (`)

24October 2018

Name of Instrument Rating ResidualMaturity(in days)

MarketValue In

Lakhs

% to NetAssets




DEBT INSTRUMENTS

A) Listed /Awaiting listing on Stock Exchanges NIL NIL NIL

B) Privately Placed/Unlisted NIL NIL NIL

C) Securitized Debt Instruments NIL NIL NIL

Total of Debt Instruments NIL NIL


A) Commerical Papers (CP)

1. NTPC Ltd CP (MD 24/12/2018) CRISIL A1+ 54 1,484.57 7.70%

2. IRFC LTD CP (MD 23/01/2019) CRISIL A1+ 84 1,474.62 7.65%

3. Indian Oil Corporation Ltd CP (MD 15/11/2018) CRISIL A1+ 15 997.35 5.18%

4. Power Grid Corporation Ltd CP (MD 29/11/2018) CRISIL A1+ 29 994.56 5.16%

5. Rural Electrification Corp Ltd CP (MD 03/12/2018) CRISIL A1+ 33 993.77 5.16%

6. National Bank For Agri & Rural CP (MD 05/11/2018) CRISIL A1+ 5 499.62 2.59%

Total of CPs 6,444.49 33.44%

B) Treasury Bills (T-Bill)

1. 91 Days Tbill (MD 15/11/2018) Sovereign 15 1,995.00 10.35%




5. 91 Days Tbill (MD 22/11/2018) Sovereign 22 996.22 5.17%



Total of T-Bills 9,936.76 51.55%

C) Collateralised Borrowing & Lending Obligation (CBLO)* 2,852.42 14.80%

Total of Money Market Instruments 19,233.67 99.79%

Net Receivable / (Payables) 35.14 0.21%

Grand Total 19,268.81 100.00%



LOW HIGH


Quantum Liquid Fund(An Open EndedLiquid Scheme)

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

Investors understand that their principal will be at Low risk

Riskometer

Product Labeling


Low

High

L

ow

High

HIGHLOW




Foreign Companies



Indexation20% with



25October 2018


QUANTUM LIQUID FUND

QUANTUM GOLD SAVINGS FUNDAn Open Ended Fund of Fund Scheme Investing in Quantum Gold Fund

26

RegularPlan( ` / Unit)


Direct Plan(`/Unit)




Benchmark Index

Domestic Price of Gold

Investment Options

Growth

Scheme Features

Investment Objective : The investment objective of the Scheme is to provide capital appreciation by predominantly investing in units of Quantum Gold Fund Replicating / Tracking Gold an Exchange Traded Fund The performance of the Scheme may differ from that of Quantum Gold Fund and the domestic prices of gold due to expenses and certain other factors. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Exit Load

The exit load will be NIL for the prospective

investments made on or after

December 11, 2017.

Redemption Proceeds







available.


`

Regular Plan - 0.18% - (0.15% Other Expenses

+ 0.03% GST (18% GST on 0.15% Other

Expenses )

Direct Plan - 0.06% - (0.05% Other Expenses

+ 0.01% GST (18% GST on 0.05% Other

Expenses )

Entry / Sales Load

Not Applicable


Purchase : ` 500/- and in multiples of ` 1/-


multiples of ` 1/- thereafter / 50 unitsInception Date(Date of Allotment)

May 19, 2011


Every Business Day

Fund Manager

Mr. Chirag MehtaWork experience: 14 years. He has been

managing this fund since May 19, 2011

Growth Option 13.1104 13.0854

Category of Scheme

Fund of Fund – Domestic

Absolute AUM

14.57

Average AUM*

14.54

October 2018

12.5570 12.534512.5570 12.5345


27



*Portfolio Turnover Ratio (Last one year): 14.66%

Asset Allocation (% of Net Assets) as on October 31, 2018


Units of Quantum Gold Fund

Quantum Gold Savings Fund Performance as on October 31, 2018

For other Schemes Managed by Mr. Chirag Mehta please see page no.39, 40Mr. Chirag Mehta is the Fund Manager effective from May 19,2011.





Since Inception (19th May 2011)

7.21 9.11 10,721 10,911

4.70 5.89 11,481 11,876

-0.57 1.62 9,717 10,837

0.96 2.13 10,691 11,590

3.70 5.10 13,110 14,491


SchemeReturns

(%)

SchemeReturns

(`)

Domestic Price of Gold Returns (%)

Domestic Price of Gold Returns (`)

Quantum Gold Savings Fund - Direct Plan


Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calucation.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).

Period

October 2018

Units of Quantum Gold Fund,

99.78%


0.22%

28


Value InLakhs

% to NetAssets

A) EXCHANGE TRADED FUND UNITS

1. Quantum Gold Fund 1,03,451 1,453.90 99.78%

Total of Exchange Traded Funds 1,453.90 99.78%

B) MONEY MARKET INSTRUMENTS

1. Collateralised Borrowing & Lending Obligation (CBLO)* 1.89 0.13%

Net Receivable/(payable) 1.33 0.09%

Grand Total 1,457.12 100.00%

October 2018


Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme retuarns calucation.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch



7.09 9.11 10,709 10,911

4.67 6.31 10,751 11,019


SchemeReturns

(%)

SchemeReturns

(`)



Quantum Gold Savings Fund - Regular Plan


Period



Returns (XIRR*) (%)

Domestic Price of Gold (XIRR*) (%)

890.00 840.00 600.00 360.00 120.00

946.41 886.87 645.35 383.11 125.38

1.64 1.54 2.89 4.11 8.58

3.00 2.91 4.37 5.07 10.68

Since Inception SIP 7 Years SIP 5 Years SIP 3 Years SIP 1 Year SIP

SIP Performance of Quantum Gold Savings Funds as on October 31, 2018 - Direct Plan

SIP Performance

Past performance may or may not be sustained in the future. Load is not taken into consideration using applicable NAV on the SIP day (5th of every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of uniform and regular monthly subscriptions as on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day) and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of cash flow. Assuming `10,000 invested every month on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day), the 1 year, 3 years, 5 years, 7 years and since inception returns from SIP are annualized and compounded investment return computed on the assumption that SIP installments were received across the time periods from the start date of SIP from the end of the relevant period viz. 1 year, 3 years, 5 years, 7 years and since Inception. *XIRR - XIRR calculates the internal rate of return to measure and compare the profitability of series of investments.


QUANTUM GOLD SAVINGS FUND

29

*Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year.







Foreign Companies



Quantum Gold SavingsFund(An Open Ended Fundof Fund SchemeInvesting in QuantumGold Fund)


Riskometer

Product Labeling

• Long term returns• Investments in units of Quantum Gold Fund - Exchange Traded Fund whose underlying investments are in physical gold.


Low

High

L

ow

High

HIGHLOW


20% with Indexation (on transfer of long term capital assets being listed securities)

Indexation20% with

20% with Indexation (on transfer of long term capital assets being listedsecurities)


October 2018

QUANTUM MULTI ASSET FUNDAn Open Ended Fund of Funds Scheme Investing in schemes of

Quantum Mutual Fund

30

RegularPlan( ` / Unit)Growth Option


Direct Plan

(`/Unit)

RegularPlan

(`/Unit)



Fund Manager Benchmark Index

Crisil Composite Bond Fund Index (40%)+

S&P BSE SENSEX Total Return Index (40%)+

Domestic price of gold (20%)

Investment Options

Growth


Exit Load

Repurchase/ Redemption/ Switch Out -

a) On or before 90 days from the date of

allotment 1.00%.

b) After 90 days from the date of allotment Nil


July 11, 2012

Total Expense Ratio (As on month end)

Regular Plan - 0.38% - (0.32% Other Fees +

0.06% GST (18% GST on 0.32% Other Expenses)

Direct Plan - 0.26% - (0.22% Other Fees + 0.04%

GST (18% GST on 0.22% Other Expenses )


Every Business Day

Scheme Features

Investment Objective : The investment objective of the Scheme is to generate modest capital appreciation while trying to reduce risk (by diversifying risks across asset classes) from a combined portfolio of equity, debt / money markets and Gold schemes of Quantum Mutual Fund. The Scheme may invest in the units of debt / money market schemes of other mutual funds to gain exposure to debt as an asset class to manage any investment and regulatory constraints that arise/ that prevent the Scheme from increasing investments in the schemes of Quantum Mutual Fund. There can be no assurance that the investment objective of the Scheme will be realized.

Redemption Proceeds







Purchase: `500/- and in multiples of `1/-

thereafter.

Additional Purchase: `500/- and in multiples

of `1/- thereafter/ 50 units

Entry/ Sales Load

Not Applicable

Mr. Chirag Mehta & Mr. Nilesh Shetty Work experience: 14 years Respectively. Both

have been managing this fund since July 11, 2012

17.6779 17.6536

Category of Scheme

Fund of Funds – Domestic

Absolute AUM

15.76

Average AUM*

15.59

October 2018

31

Quantum Multi Asset Fund Performance as on October 31, 2018

The Scheme is Co-Managed by Chirag Mehta and Nilesh Shetty.For other Schemes Managed by Chirag Mehta and Nilesh Shetty. please see page no.39, 40Mr. Chirag Mehta & Mr. Nilesh Shetty are Fund Managers effective from July 11, 2012

Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calucation.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).# Indicates CRISIL Composite Bond Fund Index (40%) + S&P BSE SENSEX Total Return Index (40%) + Domestic price of Gold (20%)


Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calucation.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch# Indicates CRISIL Composite Bond Fund Index (40%) + S&P BSE SENSEX Total Return Index (40%) + Domestic price of Gold (20%)@The Benchmark Return for the scheme till August 2018 is calculated and shown excluding daily rebalancing of weights of 3 Asset Classes in which Scheme invests i.e. Equity, Debt and Gold. As the Scheme is a daily price scheme and to represent daily rebalancing of weights of the Asset Classes in the Benchmark to make fair comparison with scheme performance, the Benchmark computation as of 31st October, 2018 is done to daily rebalancing of weights of the Asset Classes effective from inception date of the scheme i.e. July 11, 2012 in case of Direct Plan and April 1, 2017 in case of the Regular Plan.

Key Statistics

^^StandardDeviation

4.84%

^^Beta

0.76

^^SharpeRatio

0.37







4.30 4.70 10,430 10,470

8.57 8.33 12,805 12,720

9.30 8.76 15,603 15,219

9.45 8.99 17,678 17,218


SchemeReturns (%)

SchemeReturns (`)

BenchmarkReturns (%)#@

BenchmarkReturns (`)#@


Period

Quantum Multi Asset Fund - Direct Plan



4.17 4.70 10,417 10,470

6.19 7.61 11,000 11,235



PeriodScheme

Returns (%)Scheme

Returns (`)Benchmark

Returns (%)#@Benchmark

Returns (`)#@

Quantum Multi Asset Fund - Regular Plan

October 2018



Returns (XIRR*) (%)

CRISIL Composite Bond Fund Index (40%) + S&P BSE Sensex Total Return Index (40%) + Domestic price of Gold (20%) (XIRR*) (%)

Since Inception SIP

5 Years SIP 3 Years SIP 1 Year SIP

SIP Performance of Quantum Multi Asset Fund as on October 31, 2018 - Direct Plan

SIP Performance

Past performance may or may not be sustained in the future.Load is not taken into consideration using applicable NAV on the SIP day (5th of every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of uniform and regular monthly subscriptions as on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day) and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of cash flow. Assuming ` 10,000 invested every month on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day), the 1 year, 3 years, 5 years and since inception returns from SIP are annualized and compounded investment return computed on the assumption that SIP installments were received across the time periods from the start date of SIP from the end of the relevant period viz. 1 year, 3 years, 5 years and since Inception.*XIRR - XIRR calculates the internal rate of return to measure and compare the profitability of series of investments.

* Cash & Cash Equivalents^^ Note:Risk Free Rate assumed to be 6.60% (FBIL Overnight MIBOR for 31st October 2018) for calculating Sharpe Ratio.Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.DefinitionsStandard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability.Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of less than 1 means that these curity will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe ratio, the better its risk-adjusted performance has been.

QuantityMarket

Value InLakhs

% to NetAssets

A) MUTUAL FUND UNITS 1. Quantum Liquid Fund - Direct Plan Growth Option 29,95,113 742.49 47.11%2. Quantum Long Term Equity Value Fund - Direct Plan Growth Option 8,12,116 428.15 27.16%3. Quantum Dynamic Bond Fund - Direct Plan Growth Option 1,49,118 19.62 1.24%Total of Mutual Fund Units 1,190.26 75.51%B) EXCHANGE TRADED FUND UNITS 1. Quantum Gold Fund 17,022 239.23 15.18%2. Quantum Nifty ETF 11,600 122.33 7.76%Total of Exchange Traded Fund Units 361.56 22.94%Total (A+B) 1,551.82 98.45%MONEY MARKET INSTRUMENTS A) Collateralised Borrowing & Lending Obligation (CBLO)* 27.62 1.75%Net Receivable/(payable) -3.25 -0.20%Grand Total 1,576.19 100.00%



Quantum Multi AssetFund(An Open Ended Fundof Funds SchemeInvesting in schemesof Quantum MutualFund)

• Long term capital appreciation & Current income• Investments in portfolio of schemes of Quantum Mutual Fund whose underlying investments are in equity , debt/ money market instruments and gold


Riskometer

Product Labeling


Low

High

L

ow

High

HIGHLOW

#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.TRANSACTION CHARGES: No Transaction Charges shall be deducted from the investment amount for applications received in the regular plan.




Foreign Companies



Indexation20% with



32

October 2018

750.00 600.00 360.00 120.00

985.05 734.97 402.70 122.94

8.64 8.08 7.47 4.67

8.33 7.98 7.66 3.40

Name of Instrument


QUANTUM MULTI ASSET FUND

QUANTUM GOLD FUNDAn Open Ended Scheme Replicating / Tracking Gold

33

Growth Option


(`/Unit)




Domestic Price of Physical Gold


1415.3855

Exit Load

Nil

(retail investor can exit the scheme only through

secondary market)


February 22, 2008

Category of Scheme

Exchange Traded Fund

Current Total Expense Ratio (As on month end)

1.03% - (0.87% Management Fees + 0.16% GST

(18% GST on 0.87% Management Fees)


Every Business Day

Investment Options

Growth

Scheme Features

Investment Objective : The Investment Objective of the Scheme is to generate returns that are in line with the performance of gold and gold related instruments subject to tracking errors. However, investment in gold related instruments will be made if and when SEBI permits mutual funds to invest, in gold related instruments. The Scheme is designed to provide returns that before expenses, closely correspond to the returns provided by gold.

Redemption Proceeds







Directly with Fund: The investors can create /

redeem in exchange of Portfolio Deposit and

Cash Component in creation unit size at NAV

based Price. On the Exchange: Approx equal

to price of 1/2 gram of Gold quoted on the

NSE. On NSE, the units can be purchased /

sold in minimum lot of 1 units and in multiples

therefore.

Entry/ Sales Load

Not Applicable

Mr. Chirag Mehta Work experience: 14 years. He has been

managing this fund Since May 01, 2009

Absolute AUM

55.43

Average AUM*

55.69

October 2018

34






Since Inception (22nd Feb 2008)

8.01 9.11 10,801 10,911

4.78 5.89 11,506 11,876

0.58 1.62 10,293 10,837

1.09 2.13 10,791 11,590

9.39 10.50 24,538 27,159

8.47 9.27 23,873 25,813

SchemeReturns

(%)

SchemeReturns

(`)



Quantum Gold Fund


Past performance may or may not be sustained in the future.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).The Scheme being Exchange Traded Fund has one plan to invest through stock exchange and having a single expense structure.


Asset Allocation (% of Net Assets) as on October 31, 2018

GOLD

CBLO

Net Receivables/(Payables)

For other Schemes Managed by Mr. Chirag Mehta please see page no.39, 40 Mr. Chirag Mehta is the Fund Manager effective from May 01,2009.

Quantum Gold Fund Performance as on October 31, 2018


^^Tracking Error

0.10%

Brokerages on Investments for October 2018 NIL

Distributor Commissions paid during October 2018 NIL

*Portfolio Turnover Ratio (Last one year): 1.13%

Period

October 2018

Key Statistics

GOLD,99.87%

CBLO,0.42%

Net Receivables/ (Payables), -0.29%


Value InLakhs

% to NetAssets

GOLD

1. 1 KG Bar (995 fineness) 173 5,519.32 99.58%

2. 100 Gms Bar (999 fineness) 5 16.01 0.29%

Total of Gold 5,535.33 99.87%


A) Collateralised Borrowing & Lending Obligation (CBLO)* 23.26 0.42%

Net Receivable/(payable) -15.95 -0.29%

Grand Total 5,542.64 100.00%



QUANTUM GOLD FUND

^^ Note:Tracking Error is calculated on Annualised basis using 3 years history of daily returns.

^^ Definitions

Tracking Error is a measure of how closely a fund follows the index to which it is benchmarked. The more passively the fund is managed, the smaller

the tracking error. In the case of Exchange Traded Funds, the lower the Tracking Error, the better.



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



Quantum Gold Fund(An Open EndedScheme Replicating /Tracking Gold)

• Long term returns• Investments in physical gold.


Riskometer

Product Labeling


Low

High

L

ow

High

HIGHLOW

#Tax on Capital Gains Resident Individuals & HUF



Foreign Companies


20% with Indexation (on transfer of long term capital assets being listed securities)

Indexation20% with

20% with Indexation (on transfer of long term capital assets being listedsecurities)


35

October 2018

*Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year.

QUANTUM NIFTY ETFAn Open Ended Scheme Replicating / Tracking Nifty 50 Index

36


Nifty 50 TRI


July 10, 2008

Category of Scheme

Exchange Traded Fund

Current Total Expense Ratio (As on month end)

0.094% - (0.08% Management Fees + 0.014%

(18% GST on 0.08% Management Fees)


Every Business Day

Investment Options

Growth

Exit Load

NIL

(retail Investor can exit the scheme only through

secondary market)

Scheme Features

Investment Objective : The investment objective of the scheme is to invest in stocks of companies comprising Nifty 50 Index and endeavour to achieve return equivalent to Nifty by “Passive” investment. The Scheme will be managed by replicating the index in the same weightage as in the Nifty 50 Index with the intention of minimizing the performance differences between the scheme and the Nifty 50 Index in capital terms, subject to market liquidity, costs of trading, managing expenses and other factors which may cause tracking error.

Redemption Proceeds







Minimum Application Amount (Under each Option)Directly with Fund: The investors can create /

redeem in exchange of Portfolio Deposit and Cash

Component in creation unit size at NAV based Price.

On the Exchange: At prices which may be close to

the NAV of QNIFTY Units. On NSE, the units can be

purchased / sold in minimum lot of 1 unit and in

multiples thereof. The units of QNIFTY issued under

the scheme will be approximately equal to the price

of 1/10 (one-tenth) of the Nifty 50 Index.

Entry/ Sales Load

Not Applicable

Mr. Hitendra Parekh Work experience: 23 years. He has been

managing this fund since July 10, 2008

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

RegularPlan( ` / Unit)Growth Option


(`/Unit)



1054.5973 Absolute AUM

5.18

Average AUM*

4.49

October 2018

Taxation#


excess of Rs 1,00,000/- in a year will be

taxable @ 10% Tax on Short Term Capital

Gains - 15%

37

Quantum Nifty ETF Performance as on October 31, 2018

Mr. Hitendra Parekh is the Fund Manager effective from July 10, 2008.

Past performance may or may not be sustained in the future.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).The Scheme being Exchange Traded Fund has one plan to invest through stock exchange and having a single expense structure.Dividend of Rs. 80 was declared on 9 March 2018. Scheme return calculated above is inclusive of dividend amount.








1.69 1.91 4.91 10,169 10,191 10,491

9.94 10.22 10.33 13,296 13,396 13,436

11.66 11.89 11.75 17,360 17,546 17,430

11.14 11.39 11.58 20,964 21,284 21,542

14.63 15.04 15.03 39,204 40,619 40,596

10.61 10.61 10.76 28,305 28,295 28,694


SchemeReturns

(%)

Nifty 50 Total

Returns Index (%)

S&P BSESensex TRI (%)

SchemeReturns (`)

Nifty 50 Total Returns

Index (`)

S&P BSESensex TRI (`)


Period

Industry Allocation (% of Net Assets) as on October 31, 2018

Key Statistics

^^Tracking Error

0.049%


Distributor Commissions paid during October 2018 NIL


Quantum Nifty ETF

October 2018

0.55%

0.60%

0.60%

0.60%

0.81%

0.85%

0.88%

0.93%

1.04%

1.66%

1.73%

1.87%

2.24%

3.05%

3.86%

7.09%

9.75%

9.91%

10.39%

14.75%

26.61%

0% 5% 10% 15% 20% 25% 30%

Telecom - Equipment & Accessories

Media & Entertainment

Pesticides

Transportation

Gas

Consumer Durables

Minerals/Mining

Telecom - Services

Oil

Cement

Non - Ferrous Metals

Ferrous Metals

Power

Pharmaceuticals


Auto

Finance

Consumer Non Durables

Petroleum Products

Software

Banks

38



Quantum Nifty ETF(An Open EndedScheme Replicating /Tracking Nifty 50 Index)

• Long term capital appreciation• Investments in equity and equity related securities of companies in Nifty 50 Index.


Riskometer

Product Labeling


Low

High

L

ow

High

HIGHLOW

Name of Instrument

QuantityIndustry+Name of InstrumentMarket

Value InLakhs

% to NetAssets


^^ Note: Tracking Error is calculated on Annualised basis using 3 years history of daily returns.DefinitionsTracking Error is a measure of how closely a fund follows the index to which it is benchmarked. The more passively the fund is managed, the smaller the tracking error. In the case of Exchange Traded Funds, the lower the Tracking Error, the better.Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year.

EQUITY & EQUITY RELATED A) Listed /Awaiting listing on Stock Exchanges 1. HDFC Bank Limited Banks 2,680 51.23 9.88%2. Reliance Industries Limited Petroleum Products 4,277 45.39 8.76%3. Housing Development Finance Corporation Limited Finance 2,033 35.97 6.94%4. Infosys Limited Software 4,753 32.62 6.29%5. ITC Limited Consumer Non Durables 10,701 29.97 5.78%6. ICICI Bank Limited Banks 8,044 28.56 5.51%7. Tata Consultancy Services Limited Software 1,342 26.01 5.02%8. Larsen & Toubro Limited Construction Project 1,543 20.02 3.86%9. Kotak Mahindra Bank Limited Banks 1,668 18.67 3.60%10. Hindustan Unilever Limited Consumer Non Durables 891 14.45 2.79%11. State Bank of India Banks 4,686 13.19 2.54%12. Axis Bank Limited Banks 2,214 12.89 2.49%13. Maruti Suzuki India Limited Auto 167 11.05 2.13%14. IndusInd Bank Limited Banks 638 9.09 1.75%15. Mahindra & Mahindra Limited Auto 1,163 8.91 1.72%16. Sun Pharmaceutical Industries Limited Pharmaceuticals 1,378 8.00 1.54%17. HCL Technologies Limited Software 694 7.33 1.41%18. Bajaj Finance Limited Finance 296 7.05 1.36%19. Asian Paints Limited Consumer Non Durables 564 6.94 1.34%20. NTPC Limited Power 3,918 6.26 1.21%21. Tech Mahindra Limited Software 785 5.84 1.13%22. Oil & Natural Gas Corporation Limited Oil 3,530 5.41 1.04%23. Power Grid Corporation of India Limited Power 2,876 5.35 1.03%24. Tata Steel Limited Ferrous Metals 941 5.21 1.01%25. Vedanta Limited Non - Ferrous Metals 2,325 4.91 0.95%26. Bharti Airtel Limited Telecom - Services 1,648 4.82 0.93%27. Wipro Limited Software 1,416 4.69 0.90%28. Coal India Limited Minerals/Mining 1,709 4.55 0.88%29. Hero MotoCorp Limited Auto 164 4.53 0.87%30. UltraTech Cement Limited Cement 129 4.51 0.87%31. Bajaj Auto Limited Auto 170 4.41 0.85%32. JSW Steel Limited Ferrous Metals 1,299 4.41 0.85%33. Titan Company Limited Consumer Durables 520 4.39 0.85%34. Yes Bank Limited Banks 2,308 4.34 0.84%35. GAIL (India) Limited Gas 1,128 4.22 0.81%36. Tata Motors Limited Auto 2,309 4.14 0.80%37. Grasim Industries Limited Cement 493 4.11 0.79%38. Bajaj Finserv Limited Finance 75 4.05 0.78%39. Hindalco Industries Limited Non - Ferrous Metals 1,823 4.02 0.78%40. Cipla Limited Pharmaceuticals 635 4.00 0.77%41. Dr. Reddy's Laboratories Limited Pharmaceuticals 151 3.84 0.74%42. Eicher Motors Limited Auto 17 3.72 0.72%43. Indian Oil Corporation Limited Petroleum Products 2,671 3.70 0.71%44. Indiabulls Housing Finance Limited Finance 416 3.47 0.67%45. Adani Ports and Special Economic Zone Limited Transportation 983 3.13 0.60%46. Zee Entertainment Enterprises Limited Media & Entertainment 694 3.13 0.60%47. UPL Limited Pesticides 460 3.10 0.60%48. Bharti Infratel Limited Telecom - Equipment & Accessories 1,062 2.86 0.55%49. Bharat Petroleum Corporation Limited Petroleum Products 977 2.69 0.52%50. Hindustan Petroleum Corporation Limited Petroleum Products 933 2.09 0.40%51. Tata Steel Ltd - Partly Paid Share Ferrous Metals 55 0.06 0.01%B) Unlisted NIL NILTotal of all Equity 517.30 99.77%MONEY MARKET INSTRUMENTS A) Collateralised Borrowing & Lending Obligation (CBLO)* 0.73 0.14%Net Receivable/(payable) 0.26 0.09%Grand Total 518.29 100.00%

October 2018


QUANTUM NIFTY ETF

39

CHIRAG MEHTA / NILESH SHETTY

QUANTUM MULTI ASSET FUND

Mr. Chirag Mehta, Mr. Nilesh Shetty effective from July 11, 2012

Period

SchemeReturn (%)

BenchmarkReturn#@ (%)



SchemeReturn (%)

SchemeReturn (%)

Quantum Multi Asset Fund - Direct Plan 4.30 4.70 8.57 8.33 9.30 8.76

Quantum Multi Asset Fund - Regular Plan 4.17 4.70 NA NA NA NA

Past performance may or may not be sustained in the future. Load is not taken into consideration in Scheme Return Calculation.# Indicates CRISIL Composite Bond Fund Index (40%) + S&P BSE SENSEX Total Return Index (40%) + Domestic price of Gold (20%)Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Different Plans shall have different expense structure.Mr. Chirag Mehta manages 4 schemes of the Quantum Mutual Fund. Mr. Nilesh Shetty manages 2 schemes of the Quantum Mutual Fund.Regular plan launched on 1st April 2017 but not yet completed 3 years period since its launch.

@The Benchmark Return for the scheme till August 2018 is calculated and shown excluding daily rebalancing of weights of 3 Asset Classes in which Scheme invests i.e. Equity, Debt and Gold. As the Scheme is a daily price scheme and to represent daily rebalancing of weights of the Asset Classes in the Benchmark to make fair comparison with scheme performance, the Benchmark computation as of 31st October, 2018 is done to daily rebalancing of weights of the Asset Classes effective from inception date of the scheme i.e. July 11, 2012 in case of Direct Plan and April 1, 2017 in case of the Regular Plan.

October 31, 2017 toOct. 31, 2018 (1 year)

October 30, 2015 toOct. 31, 2018 (3 years)


SCHEME PERFORMANCE - FUND MANAGER-WISE


ATUL KUMAR / SORBH GUPTA

QUANTUM TAX SAVING FUND

Mr. Atul Kumar effective from December 23, 2008 / Mr. Sorbh Gupta effective from October 1, 2016

Period

SchemeReturn (%)

SchemeReturn (%)

SchemeReturn (%)

Quantum Tax Saving Fund - Direct Plan - Growth Option -0.74 4.91 11.71 10.33 14.74 11.75

Quantum Tax Saving Fund - Regular Plan - Growth Option -0.93 4.91 NA NA NA NA

Past performance may or may not be sustained in the future.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Different Plans shall have different expense structure.Mr. Atul Kumar manages 2 schemes , Mr. Sorbh Gupta co-manages 1 scheme of the Quantum Mutual Fund.Regular plan launched on 1st April 2017 but not yet completed 3 years period since its launch.




S&P BSESensex TRI Returns (%)



ATUL KUMAR / NILESH SHETTY

QUANTUM LONG TERM EQUITY VALUE FUND

Mr. Atul Kumar effective from November 15, 2006 / Mr. Nilesh Shetty effective from March 28, 2011

Period

SchemeReturn (%)

SchemeReturn (%)

SchemeReturn (%)




Quantum Long Term Equity Value Fund - Direct Plan - Growth Option -0.64 4.91 11.44 10.33 14.71 11.75

Quantum Long Term Equity Value Fund - Regular Plan - Growth Option -0.83 4.91 NA NA NA NA

Past performance may or may not be sustained in the future. Load is not taken into consideration in Scheme Return Calculation.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Different Plans shall have different expense structure.Mr. Atul Kumar & Mr. Nilesh Shetty co-manages 2 schemes of Quantum Mutual Fund.Regular plan launched on 1st April 2017 but not yet completed 3 years period since its launch.




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CHIRAG MEHTA

QUANTUM GOLD SAVINGS FUND

Mr. Chirag Mehta effective from May 19, 2011.

Period

SchemeReturn (%)

DomsticPrice of GoldReturns(%)



SchemeReturn (%)

SchemeReturn (%)

Quantum Gold Savings Fund - Direct Plan 7.21 9.11 4.70 5.89 -0.57 1.62

Quantum Gold Savings Fund - Regular Plan 7.09 9.11 NA NA NA NA

Past performance may or may not be sustained in the future. Load is not taken into consideration in Scheme Return Calculation.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Different Plans shall have different expense structure.Mr. Chirag Mehta manages 4 schemes of the Quantum Mutual Fund.Regular plan launched on 1st April 2017 but not yet completed 3 years period since its launch.

CHIRAG MEHTA

QUANTUM EQUITY FUND OF FUNDS

Mr. Chirag Mehta effective from November 1, 2013.

Period

SchemeReturn (%)

S&P BSE200 TRI

Returns (%)

S&P BSE200 TRI

Returns (%)

S&P BSE200 TRI

Returns (%)

SchemeReturn (%)

SchemeReturn (%)

Quantum Equity Fund of Funds - Direct Plan - Growth Option -5.20 -0.98 9.55 10.67 16.59 13.76

Quantum Equity Fund of Funds - Regular Plan - Growth Option -5.31 -0.98 NA NA NA NA

Past performance may or may not be sustained in the future. Load is not taken into consideration in Scheme Return Calculation.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Different Plans shall have different expense structure.Mr. Chirag Mehta manages 4 schemes of the Quantum Mutual Fund.Regular plan launched on 1st April 2017 but not yet completed 3 years period since its launch .

CHIRAG MEHTA

QUANTUM GOLD FUND

Mr. Chirag Mehta effective from May 01, 2009.

Period

Quantum Gold Fund (ETF) 8.01 9.11 4.78 5.89 0.58 1.62

Past performance may or may not be sustained in the future.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Mr. Chirag Mehta manages 4 schemes of the Quantum Mutual Fund.The Scheme being Exchange Traded Fund has one plan to invest through stock exchange and having a single expense structure.











SchemeReturn (%)


SchemeReturn (%)


SchemeReturn (%)


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PANKAJ PATHAK

QUANTUM LIQUID FUND

Mr. Pankaj Pathak effective from March 1, 2017

Period

SchemeReturn (%)


SchemeReturn (%)


SchemeReturn (%)


Quantum Liquid Fund - Direct Plan - Growth Option 6.40 7.32 6.49 7.21 7.29 7.86

Quantum Liquid Fund - Regular Plan - Growth Option 6.35 7.32 NA NA NA NA

Past performance may or may not be sustained in the future.Returns 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 3 years period since its launch.

PANKAJ PATHAK

QUANTUM DYNAMIC BOND FUND

Mr. Pankaj Pathak effective from March 01, 2017

Period

SchemeReturn (%)

SchemeReturn (%)

SchemeReturn (%)

Quantum Dynamic Bond Fund - Direct Plan - Growth Option 1.72 1.74 7.63 6.78 NA NA

Quantum Dynamic Bond Fund - Regular Plan - Growth Option 1.61 1.74 NA NA NA NA

Past performance may or may not be sustained in the future.Returns 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.The Direct Plan has been in existence for more than 3 year but less than 5 years from inception.Regular plan launched on 1st April 2017 but not yet completed 3 years period since its launch .








Crisil Composite Bond Fund Index

Returns (%)


Returns (%)


Returns (%)

HOW TO READ THE FACTSHEETFund Manager : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount for Fresh Subscription : This is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional Amount : This is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

SIP : SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests ` 500 every 15th of the month in an equity fund for a period of three years.

NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Benchmark : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec.

Entry Load : A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent.

Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is ` 100 and the entry load is 1%, the investor will enter the fund at Rs 101.

Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor

Exit Load : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ` 100 and the exit load is 1%, the redemption price would be Rs 99 Per Unit.

Modified Duration : Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

Standard Deviation : Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

Beta : Beta is a measure of an investment's volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market.

AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Holdings : The holdings or the portfolio is a mutual fund's latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

42

October 2018

STATUTORY DETAILS & RISK FACTORSDisclaimer, Statutory Details & Risk Factors:

Mutual fund investments are subject to market risks read all scheme related documents carefully.

Please visit – www.Quantummf.com to read scheme specific risk factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the schemes objective will be achieved and the NAV of the scheme(s) may go up and down depending upon the factors and forces affecting securities market. Investment in mutual fund units involves investment risk such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the sponsor / AMC / Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor : Quantum Advisors Private Limited. (liability of Sponsor limited to `1,00,000/-) Trustee : Quantum Trustee Company Private Limited Investment Manager : Quantum Asset Management Company Private Limited. The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.

Scheme Specific Risk Factors : The investors of Quantum Equity Fund of Funds, Quantum Gold Savings Fund and Quantum Multi Asset Fund will bear the recurring expenses, transaction charges and loads if any of the Schemes in addition to the expenses, transaction charges and loads of the underlying Schemes.

Disclaimer of IISL: Quantum Nifty ETF (Q NIFTY) is benchmarked to Nifty 50 TRI Index are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL). IISL is not responsible for any errors or omissions or the results obtained from the use of such index and in no event shall IISL have any liability to any party for any damages of whatsoever nature (including lost profits) resulted to such party due to purchase or sale or otherwise of such product benchmarked to such index. Please refer SID of the Q NIFTY for full Disclaimer clause in relation to the “Nifty 50 TRI Index".

Disclaimer of NSE: It is to be distinctly understood that the permission given by National Stock Exchange of India Limited (NSE) should not in any way be deemed or construed that the Scheme Information Document (SID) of Quantum Gold Fund (QGF) and Quantum Nifty ETF (Q NIFTY) has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the SIDs. The investors are advised to refer to the SID of Q NIFTY for the full text of the Disclaimer clause of NSE.

43

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The Factsheet Published as on 14 November 2018

October 2018


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