Quantum Mutual Fund launches Nifty 50 ETF Fund of Fund

Quantum Mutual Fund has launched Quantum Nifty 50 ETF Fund of Fund, an open-ended fund of fund scheme that will invest in units of Quantum Nifty 50 ETF. The New Fund Offer opens on July 18 and closes on August 1. Hitendra Parekh will be the Fund Manager for the scheme. He has been managing Quantum Nifty 50 ETF since its inception from July 10, 2008.

The scheme will re-open for subscription and redemption on ongoing basis from August 10, 2022. The investment objective of the Scheme is to provide capital appreciation by investing in units of Quantum Nifty 50 ETF - Replicating / Tracking Nifty 50 Index.

According to the fund house, the fund combines the efficiency of an ETF with the convenience of an index fund, giving investors the best of both worlds. This fund will invest in units of Quantum Nifty 50 ETF, a passive scheme in the array of Quantum Solutions with a track record of 14 years and counting.


“Investors can build their investment portfolio by adopting a passive approach in Quantum’s DIY 12-20-80 Asset Allocation Strategy. This strategy has the potential to minimize downside risks and achieve your long-term goals. As per this strategy investors dedicate money worth 12 months of their expenses in a liquid fund and 20% of your investable money to gold, the rest 80% can be allocated to equity. Investors can allocate 85% of their equity investments to Quantum Nifty 50 ETF Fund of Fund, while the rest 15% can be allocated to Quantum India ESG Equity Fund,” said Chirag Mehta, CIO- Quantum Mutual Fund.

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