Quantum Ethical Fund NFO is open for subscription. 10 things to know

Quantum Mutual Fund has launched the NFO of Quantum Ethical Fund, an open-ended equity fund that invests in companies meeting an ethical set of principles, with the objective of achieving long-term capital appreciation.

The new fund offer or NFO of the scheme will open for subscription on December 2 and will close on December 16. The scheme will reopen for continuous sale and repurchase on December 26.

The scheme will be benchmarked against NIFTY 500 Shariah Total Return Index (TRI). The scheme will be managed by Chirag Mehta.

The investment objective of the fund is to achieve long-term capital appreciation by investing in equity and equity related instruments of companies following an ethical set of principles.

The scheme will allocate 80%-100% to the equity and equity related instruments of companies following an ethical set of principles, 0%- 20% to the debt and money market instruments in compliance with ethical principles.

The minimum application amount for lumpsum investment is Rs 500. For daily SIP is Rs 100 and Rs 500 for weekly, fortnightly, monthly and quarterly.

10% of units if redeemed or switched out on or before 365 days from the date of allotment, the exit load will be nil. Remaining 90% of units if redeemed or switched out on or before 365 days from the date of allotment, an exit load of 1% will be applicable. If redeemed or switched out after 365 days from the date of allotment, the exit load will be nil.

The scheme will follow an active investment strategy. The corpus of the scheme will invest in shares of companies meeting an ethical set of principles including of shariah, jainism and other ethical principles, encompassing a broad ethical framework.

“If you are an investor for whom a fund invests is as important as how much fund is invested, with this fund, you can be more intentional with your investments. Ethical investing is an investment approach in which investors invest in businesses that align with their religious or social values and generate financial returns,” said I. V. Subramaniam, MD and Group Head- Equities, Quantum Advisors – Sponsor to Quantum Mutual Fund.

The scheme is suitable for investors who are seeking long-term capital appreciation and want investments in equity and equity related instruments of companies following an ethical set of principles.