quantum asset management company private limited - quantum … · 2017-09-13 · november 2016....

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil

Construction Project

Chemicals

Hotels, Resorts And Other…

Banks

Gas

Finance

Software

Power

Auto

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil


Chemicals


Banks

Gas

Finance

Software

Power

Auto

Ferrous MetalsTelecom - Services

Auto AncillariesPetroleum Products

CementOil

Construction ProjectChemicals

Hotels, Resorts And Other…Banks

GasFinance

SoftwarePower

Auto

https://www.QuantumMF.com

https://www.quantumamc.com/Schemes/Quantum-Multi-Asset-Fund.html


mailto:[email protected]

August 2017

INDEX

CONTENTS PAGE NO.

QUANTUM DYNAMIC BOND FUND - QDBF

HOW TO READ THE FACTSHEET

03

06

09

12

15

18

21

24

27

29

32

35

36

36

QUANTUM NIFTY ETF - Q NIFTY

Equity Outlook

Atul Kumar- Head - Equity Funds

Nilesh Shetty - Associate Fund Manager - Equity

n the month of August 2017, S&P BSE Sensex lost 2.32% on a

total return basis. Despite the fall, the index has gained I20.47% in first 8 months of 2017. S&P BSE Midcap index and

S&P BSE Smallcap index performed better than S&P BSE Sensex

during the month with returns of 1.14% and -0.49% respectively.

Both these indices have delivered stellar returns so far in 2017 of

30.48% and 33.49% respectively. Among sectors, consumer

durables, oil & gas and metals performed better than the equity

indices for the month. Healthcare, IT and banking were among

the sectors where returns were sub-par during the month.

Reliance Industries stock declined 1.28% during the month,

performing better than S&P BSE Sensex.

FIIs in the month of August sold stocks worth USD 1.73

billion. In the 8 months of 2017, they have put USD 7.16 billion to

work in India. Domestic institutions (DIIs) countered the selling of

FIIs with purchase of USD 2.5 billion during the month. Of this,

majority was contributed by insurers with buying of USD 2.7

billion. DIIs have invested USD 6.5 billion in the calendar year so

far. The Indian Rupee appreciated by 0.44% during the month

against the U.S. dollar, breaching 64 level.

Globally, there is excessive liquidity which has kept prices of

financial assets on a high. Recent meeting of central bankers

indicates that this is likely to continue at least for some time in the

foreseeable future. Jackson Hole conference suggests that

European Central Bank is likely to keep interest rates low. U.S., on

the other hand, may hike interest rates. However, it doesn't yet

plan to unwind the USD 4.5 trillion liquidity which was created to

fight the global financial crisis 9 years ago.

Geo-political issues have also dominated investor

sentiments in recent times. North Korea fired ballistic missile

over Japan and also followed that up with a hydrogen bomb test.

At India's own background, there was a deadlock with China over

a piece of land in Bhutan. There is a risk of tensions firing up that

can make the financial markets nervous. Any rise in global

interest rates is also likely to spook emerging markets such as

India as flows can shift to developed markets.

India's broad macroeconomic indicators look stable.

Inflation at 2.36% remains low and interest rates are at a

subdued level. Fiscal deficit and current account deficit remain

under control. Crude oil prices remain under USD 55 a barrel,

which provides a comfort to the economy from major external

shocks. Exchange rate remains stable while country sits on all

time high foreign currency reserves.

Among the events for the past month, RBI Annual Report

gave away the data on old currency notes deposited after

demonetization. Almost 99% of the old `500/1,000 notes found

their way to banks. This debunks the expectation that lots of

money (`5 trillion as per some initial estimates) was black and

would be destroyed. People found ingenious ways to deposit th

almost all of `15.5 trillion in currency that became invalid on 8

November 2016. Among other damages, RBI also reduced its

dividend to Government as it had expenses on printing and

transporting notes. Dividend reduced by more than half from INR

658.8 billion to 306.6 billion.

Data also came from Government for first set of collections

under new GST regime. ` 922.8 billion was collected for the first

month, slightly higher than what was expected. It will be known

in sometime if the revenue collection in the form of indirect taxes

are significantly higher under the new tax regime. Higher amount

can lead to either more public spending or better control on fiscal

deficit, thus benefiting the economy.

GDP growth slowed down to 5.7% in the first quarter of

FY18. This has been driven by near term issues such as GST and

demonetization. GST led to destocking by stockists and thus

reduced industrial output.

August month also witnessed major upheavals at Infosys, a

prominent index stock. CEO of the Company resigned and there

were allegations and counter-allegations on role of Board and

founders of Company. Finally the issue was settled after Mr.

Nilekani stepped in as Chairman of Board. This also followed

resignation by few other Board members. We think there was a

clash of culture within the company after new management

came. Previous Board of the Company also didn't fully live up to

its responsibility.

One of the major constituents of GDP is investment

spending. Investment cycle has remained subdued for many

years now. Excess capacity creations till 2008, leveraged balance

sheet of corporates are some of the reasons behind investment

cycle remaining weak. We still see no rebound in the capex cycle,

especially in the private sector. Investment pick up is also

required to create jobs, and that in turn drives consumption

leading to a virtuous cycle.

QUANTUM VIEW FOR AUGUST 2017

QUANTUM VIEW 3August 2017

Market Returns %

August 2017January-August

2017

S&P BSE SENSEX *

S&P BSE MIDCAP *

S&P BSE SMALL CAP

-2.32

11.40

-0.49

20.47

30.48

33.49

BEST PERFORMER SECTORSConsumer Durables, Oil & Gas and Metals

LAGGARD SECTORS Healthcare, IT and Banking

* On Total Return Basis

Market Performance at a Glance

* Source-Bloomberg

Outlook

We remain positive on Indian equities over long term. High

GDP growth relative to rest of the world, increasing consumption

and likely investment in infrastructure are key drivers for equity

returns. We are cautious on equities in the near term however.

Markets have been running up which is not supported by

earnings growth. Most sell-side brokers continue to revise their

earning estimates downward. This happens despite hopes since

2014 that there will be earning recovery. Upside in Indian

equities is limited in the near term. The same is reflected in high

cash levels held in our schemes. We suggest that investors don't

make aggressive allocation to equities at this point of time.

However, they can invest moderate sums of money.

Data Source: Bloomberg

Pankaj Pathak - Senior Manager - Fixed Income

Macro and Market Commentary

he first month of GST roll out (July) seems to have gone

well for the government. The Tax collected data released Tin August was as per government expectation and as

compliance and adoption picks up, one would assume that tax

inflows should increase. This bodes well for the fiscal trajectory

as the government has already reached 90% of its overall fiscal

deficit target in 4 months. The government has front-ended a lot

of its expenditure to support the economy without which the Q1

FY 18 GDP growth (reported at 5.6%) would have dipped below

even the 5% mark. The economic data is reflecting the continued

weakness seen since demonetization and on further GST rollout

related uncertainties.

The RBI, in its Annual Report, mentioned that close to 99%

of the currency in circulation prior to demonetization returned

back to the RBI, confirming the view that it would have no

economic benefits. Now apart from the apparent slowdown it

has caused, the RBI also cut its dividend to the government by

half sighting increase in demonetization related expenses. The

credit the Modi Government can rightly take on demonetization

is the political benefit they got out of it and on how well they

have managed the narrative on its various accrued benefits.

The RBI did mention about the fall in economic activity and

given that CPI inflation continues to remain benign (despite

some normalization that we will see in the coming months), we

would expect them to weigh more towards supporting the

economy over inflation. Real Interest rates continue to remain

higher than the 1.5%-2.0% range that the RBI targets and thus

the RBI does have scope to cut interest rates by another 25 bps.

We still expect the RBI to remain on hold but we won't be entirely

surprised if they indeed cut the Repo rate below 6%.

Outlook

The benchmark 10 year government bond yield which fell

below 6.45% post the RBI rate cut moved up during the month to

Debt Outlook

trade at 6.55% before ending the month at 6.52%.

We had indicated in our July commentary that with

government bond yields around the 6.4% level we would lower

our duration and wait for yields to rise by 10-20 bps to build in

some duration. We did add in some duration in August as the

curve steepened (long term yields increased more than short

term yields) and 10 year yields broke above 6.5%, but we await

increase in yields to increase the maturity profile further.

In the short term, we still see the bond markets in a very

tight range in the absence of any fresh cues either side. We will

use the steepness in the curve and the illiquidity spreads

available on off-the-run papers to build in higher portfolio yield

and carry. Our overall bias remains of a neutral duration

positioning given our view that the best of the bond market gains

are behind us, but we will keep looking for signs which suggest to

us that the market is likely pricing in probability of further rate

cuts.

Source: Bloomberg

Chirag Mehta - Senior Fund Manager -

Alternative Investments

World View

combination of factors helped gold move past the

psychological barrier of $1300 an ounce. A weakening Adollar, stalemate over Debt ceiling in the U.S, faltering

Trump agenda, declining probability of rate hikes by the Federal

Reserve and above all escalating Geopolitical worries pushed

gold higher surpassing the resistance from which it got knocked

off several times over the past few months. Gold prices managed

a close at $1321.40 an ounce, an increase of 4.09% for the month

taking the year to date increase to 14.68%. (in USD as on

31/08/2017)

For the first time, people are now questioning if Trump can

get anything done on the policy front. Comments made last week

by the president about the violent protests in Charlottesville

Virginia have been considered incendiary by many. This resulted

in major political fallout and chaos for the current administration

and has further alienated the president and lessened his support,

even with his Republican constituents. Also, Politicians continue

to have deep divisions when it comes to the United States

budget, and the clock continues to tick. Concerns that President

Trump is adamant about adding funding for the proposed

Mexican border wall to the budget has certainly heightened the

already existing anxiety. Clearly, Trumps economic agenda

increasingly looks under threat.

Market participants began to digest and glean information

from speeches made by both Janet Yellen and Mario Draghi.

Draghi's speech made it crystal clear that he is in no hurry to

conclude the current quantitative easing program and monetary

Gold Outlook

QUANTUM VIEW4 August 2017

stimulus in the European Union. Yellen's speech was devoid of

any news relating to a timetable for rate hikes or the initiation of

their balance sheet liquidation. This reduced markets confidence

on the Fed chair to follow through with rate hikes or any

aggressive balance sheet action. This analysis was well supported

by recent spate of economic data where slowing growth in July

sales of both New and Existing Homes as well as a decline in

Durable Orders added to concerns on economic growth. The U.S.

consumer-price index rose 1.7 percent YoY in July, trailing

forecast of 1.8 percent. A more sustained ebb in price pressures

could make it tougher for the U.S. central bank to stay on course

for one more rate increase this year as more Fed members turn

increasingly concerned about not meeting the 2% target for a

fairly long time.

Escalating regional tensions around N. Korea have led to

increased demand for gold. Kim Jong Un's regime pushing on

with missile tests and U.S. President Donald Trump vowing a

stern response. The current North Korean regime can initiate

actions based on the whims of a dictator who wouldn't even

stand accountable for his actions. This takes this current crisis to

yet a whole new level given the unpredictability of both the

leaders.

Outlook

With the looming potential for a government shutdown in

the U.S, if the powers at hand are unable to come to an

agreement on the budget and raise the debt ceiling, there is the

potential for further economic upheaval in the United States.

This, coupled with the current political turmoil in Washington,

has put defined pressure on the U.S. dollar. The dollar could

further get penalized as the European Central Bank embark on a

tightening cycle and the US Fed stands pat on further tightening

given concerns on inflation. This scenario stands a higher

probability of playing out and should be supportive of gold

prices.

The odds of a government shutdown seem fairly high

because Democratic support for the spending bill will be

required, which will then force the Republicans in Congress to

make some difficult concessions. Although, the tax cut is slightly

more likely than not, the chances are clearly reducing and we

maintain that if at all, it's not going to be a meaningful one. If

Trump fails to make real, tangible progress by October after these

fiscal deadlines have passed, tax legislation will start to look less

likely. The dollar weakness and increased uncertainty about

Trump's ability to pass his pro-growth agenda will be beneficial

for gold to move forward.

Given the current macroeconomic scenario, we expect

downsides in gold to be capped and prices to move up

gradually albeit with increased volatility. We expect the real

positive trigger for gold would be when market expects Fed

to be unable to normalize monetary policy and see it reverse

its course at first signs of crisis.

The world is in great uncertainty, both with respect to

the global economy and geopolitics as well. The fallout of the

geopolitics globally seems to now cap the downsides in gold.

Given the macro backdrop, gold will be a useful portfolio

diversification tool and thereby helping you to reduce overall

portfolio risk.

Source:Bloomberg

QUANTUM VIEW 5

Disclaimer: 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.

August 2017

Scheme FeaturesNature of Scheme Open-ended Equity Scheme

Investment Objective

Benchmark IndexS&P BSE 30 Total Return Index

Fund Manager Mr. Atul Kumar ~ ( Since November 15, 2006)Fund Manager’s Total Experience 14 yrs.Associate Fund Manager Mr. Nilesh Shetty (Since March 28, 2011)

Total Experience 10 yrs.

Inception Date (Date of Allotment)13-Mar-06

Total Expense Ratio (Weighted Average for the Month) Direct Plan

Total Expense Ratio (Weighted Average for the Month) Regular Plan

Investment Options

Minimum Application Amount ( Under each Option)

Declaration of Net Asset Value (NAV)Every Business Day

Redemption Proceeds

An Open ended Equity Scheme

Rs.

QUANTUM LONG TERM EQUITY FUND

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.

Ÿ Long term capital appreciation.

Ÿ Investments in equity and equity related securities of companies in

S&P BSE 200 index.

Ÿ High Risk (BROWN)

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

Additional Purchase : ` 500/- and in multiples of ` 1/- thereafter/ 50 units.

Entry/ Sales Load

Exit Load

Not ApplicableUpfront 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.

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

#Taxation Tax on Long Term Capital Gains - Nil

Tax on Short Term Capital Gains - 15%

An Open-ended Equity Scheme

Mr. Atul Kumar ( Since November 15, 2006)

16 yrs.

Mr. Nilesh Shetty (Since March 28, 2011)

12 yrs.

March 13, 2006

1.29% (Inclusive of Statutory Levies and Taxes)


Every Business Day

Growth & Dividend (Dividend Option will in turn have two Facilities, Dividend Payout Facility and Dividend Re-investment Facility)

LOW HIGH

Hig

hLo

w

derao teM Moderately

High

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

Quantum Long Term Equity Fund(An Open-ended Equity Scheme)

• Long term capital appreciation• Investments in equity and equity related securities of

companies in S&P BSE 200 index.

Product Labeling

Investors understand that their principal will be at Moderately High Risk

Riskometer

Current Expense Ratio Direct Plan

Current Expense Ratio Regular Plan

1.29% - (1.09% Management Fees + 0.20% GST (18% GST on 1.09% Management Fees))


S&P BSE 30 Total Return Index

QUANTUM LONG TERM EQUITY FUND6


August 2017

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

#The mentioned Tax Rates shall be increased by applicable surcharge, if any Education Cess @ 2% and Secondary higher education cess @ 1% 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.

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.

Quantum Long Term Equity Fund Performance as on August 31, 2017

^^Standard Deviation: 12.67% Beta: 0.88 Sharpe Ratio: 0.48

Past performance may or may not be sustained in the future. # S&P BSE 30 TRI ## S&P BSE Sensex.

Load is not taken into consideration and Returns are for Growth Option 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.

Past performance may or may not be sustained in the future. Load is not taken into consideration and Returns are for Growth Option.

# S&P BSE 30 TRI ## S&P BSE Sensex @ shows the current value of ̀ 10,000/- invested at the beginning of a given period.

Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).

Quantum Mutual Fund since its launch did not have Separate Plans for receiving any investment applications either through distributors or directly from investors till March 31, 2017. Effective from April 1, 2017, the Existing Plan has been classified as Direct Plan and a new Regular Plan has been launched to receive the investment applications through distributors, with both the plans having different expenses structure. The performance details provided herein is of the plan now classified as Direct Plan as stated above. Different Plans shall have different expense structure.

Brokerages & Commissions Details

Brokerages on Investments for August 2017 ` 5,67,770.98

Distributor Commissions paid during August 2017 ` 12,505.24

SIP Performance of Quantum Long Term Equity Fund as on August 31, 2017

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

QUANTUM LONG TERM EQUITY FUND 7

Total Amount Invested (`‘000)

Mkt Value as on August 31, 2017 (`‘000)

Returns (XIRR*) (%)

Benchmark Returns (XIRR*) (%) #

Additional Benchmark Returns (XIRR*) (%) ##

1,370.00 1,200.00 840.00 600.00 360.00 120.00

3,543.98 2,788.82 1,461.25 905.16 443.77 127.98

15.70 16.12 15.58 16.53 14.17 12.85

11.23 11.56 12.06 12.60 11.12 19.87

9.61 9.92 10.39 10.93 9.51 17.86

10 Years SIP

August 2017

Scheme

Returns (%)

Benchmark

Returns (%) #

Additional

Benchmark

Returns (%) ##

Value of Investment of ` 10,000@

Scheme Returns ( )`

Benchmark

Returns (`) #

Period

Quantum Long Term Equity Fund

August 31, 2016 to August 31, 2017 (1 year)

August 28, 2014 to August 31, 2017 (3 years)




Since Inception (13th March 2006)

10.45 12.98 11.52 11,045 11,298 11,152

11.77 7.45 5.98 13,980 12,415 11,912

17.86 14.39 12.72 22,751 19,590 18,205

12.87 10.09 8.45 23,359 19,612 17,656

14.41 9.11 7.55 38,465 23,925 20,714

15.17 11.46 9.84 50,620 34,730 29,370

page no.32

Additional

Benchmark

Returns (`) ##

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 Mr. Atul Kumar is the Fund Manager effective from November 15,2006Mr. Nilesh Shetty is the Associate Fund Manager effective from March 28,2011.

Performance of the Scheme

Direct Plan(`/Unit)

(as on August 31, 2017)

NAV Regular Plan(`/Unit)

Dividend Option 51.05 50.91

Growth Option 50.62 50.59

*Cumulative Daily AuM /No of days in the month


AUM`(In Crores)

Average AUM* 792.16

Absolute AUM 799.00

Name of Instrument Quantity Market Value In Lakhs

% to Net Assets

Industry / Rating

* Cash & Cash Equivalents

Portfolio Turnover Ratio (Last one year): 18.93%

^^ stRisk Free Rate assumed to be 5.96% (FBIL Overnight MIBOR for 31 August 2017) 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 thesecurity willbe 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-adjustedperformance has been.Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year.

Note:

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

EQUITY & EQUITY RELATED

A) Listed /Awaiting listing on the Stock Exchanges

1. Hero MotoCorp Limited Auto 1,38,812 5,545.68 6.942. Bajaj Auto Limited Auto 1,93,758 5,453.32 6.833. Housing Development Finance Corporation Limited Finance 3,05,681 5,431.65 6.804. Infosys Limited Software 4,72,033 4,318.87 5.415. Tata Consultancy Services Limited Software 1,66,392 4,153.73 5.206. ICICI Bank Limited Banks 11,10,131 3,308.75 4.147. NTPC Limited Power 19,20,869 3,241.47 4.068. State Bank of India Banks 11,26,266 3,128.20 3.929. PTC India Limited Power 22,13,468 2,647.31 3.3110. Exide Industries Limited Auto Ancillaries 13,41,638 2,641.01 3.3111. Power Grid Corporation of India Limited Power 11,93,978 2,617.80 3.2812. Wipro Limited Software 8,56,283 2,561.14 3.2113. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 21,49,999 2,555.27 3.2014. Tata Motors Limited Auto 6,74,825 2,541.05 3.1815. Cipla Limited Pharmaceuticals 4,44,393 2,541.48 3.1816. GAIL (India) Limited Gas 6,57,874 2,488.74 3.1117. Oil & Natural Gas Corporation Limited Oil 14,72,457 2,311.02 2.8918. Bharti Airtel Limited Telecom - Services 5,03,251 2,152.40 2.6919. Lupin Limited Pharmaceuticals 1,78,911 1,752.34 2.1920. Tata Steel Limited Ferrous Metals 2,48,106 1,583.04 1.9821. Tata Chemicals Limited Chemicals 2,02,325 1,181.68 1.4822. Larsen & Toubro Limited Construction Project 86,632 984.40 1.23B) Unlisted NIL NIL NILTotal of all Equity 65,140.35 81.54MONEY MARKET INSTRUMENTS A) Treasury Bills (T-Bill)1. 364 Days Tbill (MD 14/09/2017) Sovereign 50,000 49.90 0.06Total of T-Bill 49.90 0.06B) Collateralised Borrowing & Lending Obligation (CBLO)* 14,462.40 18.10Total of Money Market Instruments 14,512.30 18.16Net Receivable/(payable) 247.24 0.30Grand Total 79,899.89 100.00

QUANTUM LONG TERM EQUITY FUND8 August 2017

Portfolio as on , 2017August 31

1.23%

1.48%

1.98%

2.69%

2.89%

3.11%

3.20%

3.31%5.37%

6.80%

8.06%

10.65%

13.82%

16.95%

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


Chemicals

Ferrous Metals

Telecom - Services

Oil

Gas

Hotels, Resorts And Other Recreational Activities

Auto Ancillaries

Pharmaceuticals

Finance

Banks

Power

Software

Auto

Scheme FeaturesNature of Scheme An

3 years

Open-ended Equity Linked Savings Scheme with a lock-in period of


Benchmark Index S&P BSE 30 Total Return Index

Fund Manager Mr. Atul Kumar ( Since December 23, 2008)

Fund Manager’s Total Experience 16 yrs.

Inception Date (Date of Allotment) December 23, 2008

Investment Options

Declaration of Net Asset Value (NAV) Every Business Day

Redemption Proceeds

QUANTUM TAX SAVING FUND

Purchase: ` 500/- and in multiples of ` 500/- thereafter.

Additional Purchase: ` 500/- and in multiples of ` 500/- thereafter.

Entry/ Sales Load

Exit Load Nil


Growth & Dividend

Not Applicable

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.

Taxation# Tax on Long Term Capital Gains - Nil


An open ended Equity Linked Saving Scheme with a lock-in period of three years

Lock-in Period 3 years from the date of allotment of the respective Units

Quantum Tax Saving Fund(An Open-ended Equity Linked Savings Scheme)


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.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High



Associate Fund Manager Mr. Sorbh Gupta ( Since October 1, 2016)

Total Experience 11 yrs.

9August 2017 QUANTUM TAX SAVING FUND











Declaration of Net Asset Value (NAV)

Redemption ProceedsProcessed 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.



SIP Performance of Quantum Tax Saving Fund as on August 31, 2017

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

Quantum Tax Saving Fund Performance as on August 31, 2017


Past performance may or may not be sustained in the future. # S&P BSE 30 TRI ## S&P BSE Sensex.




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.

Brokerages & Commissions Details.

Brokerages on Investments for August 2017 ` 29,978.02

Distributor Commissions paid during August 2017 ` 255.15

7 Years SIP



Returns (XIRR*) (%)



1,040.00 840.00 600.00 360.00 120.00

2,140.19 1,460.94 905.74 443.87 128.05

16.13 15.57 16.55 14.18 12.96

12.26 12.06 12.60 11.12 19.87

10.56 10.39 10.93 9.51 17.86

Scheme

Returns (%)

Benchmark

Returns (%) #

Benchmark

Returns (`) #

Additional

Benchmark

Returns (%) ##

Additional

Benchmark

Returns (`) ##

Value of Investment of ` 10,000@Period

Quantum Tax Saving Fund





Since Inception (23rd Dec 2008)

10.59 12.98 11.52 11,059 11,298 11,152

11.77 7.45 5.98 13,980 12,415 11,912

17.87 14.39 12.72 22,763 19,590 18,205

12.70 10.09 8.45 23,107 19,612 17,656

20.36 16.33 14.62 50,120 37,256 32,757

The Scheme is Co-Managed by Mr. Atul Kumar and Mr. Sorbh Gupta.

For other Schemes Managed by Mr. Atul Kumar and Mr. Sorbh Gupta please see

Mr. Atul Kumar is the Fund Manager effective from December 23,2008

Mr. Sorbh Gupta is the Associate Fund Manager effective from October 1,2016


#S&P BSE 30 TRI ## S&P BSE Sensex @ shows the current value of `10,000/-invested at the beginning of a given period.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).



page no. 32


10 August 2017

(` in crores) Direct Plan(`/Unit)







AUM`(In Crores)

Average AUM* 64.05

Absolute AUM 64.18

Scheme Returns ( )`


% to Net Assets

Industry




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 thesecurity willbe 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-adjustedperformance has been.Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year.

Note:

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

EQUITY & EQUITY RELATED

A) Listed /Awaiting listing on the Stock Exchanges

1. Housing Development Finance Corporation Limited Finance 26,536 471.52 7.35

2. Hero MotoCorp Limited Auto 11,395 455.24 7.09

3. Bajaj Auto Limited Auto 15,560 437.94 6.82

4. Infosys Limited Software 39,249 359.11 5.60

5. Tata Consultancy Services Limited Software 13,780 344.00 5.36

6. ICICI Bank Limited Banks 91,768 273.51 4.26

7. NTPC Limited Power 1,54,738 261.12 4.07

8. State Bank of India Banks 89,925 249.77 3.89

9. PTC India Limited Power 1,83,655 219.65 3.42

10. Tata Motors Limited Auto 57,599 216.89 3.38

11. Cipla Limited Pharmaceuticals 37,822 216.30 3.37

12. Exide Industries Limited Auto Ancillaries 1,09,278 215.11 3.35

13. Wipro Limited Software 71,038 212.47 3.31

14. Power Grid Corporation of India Limited Power 96,423 211.41 3.29

15. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 1,72,420 204.92 3.19

16. GAIL (India) Limited Gas 52,924 200.21 3.12

17. Oil & Natural Gas Corporation Limited Oil 1,24,296 195.08 3.04

18. Bharti Airtel Limited Telecom - Services 37,851 161.89 2.52

19. Lupin Limited Pharmaceuticals 14,587 142.87 2.23

20. Larsen & Toubro Limited Construction Project 11,383 129.35 2.02

21. Tata Steel Limited Ferrous Metals 19,950 127.29 1.98

22. Tata Chemicals Limited Chemicals 16,030 93.62 1.46

B) Unlisted NIL NIL NIL

Total of all Equity 5,399.27 84.12

MONEY MARKET INSTRUMENTS

A) Collateralised Borrowing & Lending Obligation (CBLO)* 981.80 15.30

Net Receivable/(payable) 36.50 0.58

Grand Total 6,417.57 100.00


QUANTUM TAX SAVING FUND 11August 2017

1.46%

1.98%

2.02%

2.52%

3.04%

3.12%

3.19%

3.35%

5.60%

7.35%

8.15%

10.78%

14.27%

17.29%

0% 5% 10% 15% 20%

Chemicals

Ferrous Metals


Telecom - Services

Oil

Gas

Hotels, Resorts And Other Recreational Activities

Auto Ancillaries

Pharmaceuticals

Finance

Banks

Power

Software

Auto

Scheme FeaturesNature of Scheme An Open-ended Equity Fund of Funds Scheme


Benchmark Index S&P BSE 200 Index

Fund Manager Mr. Chirag Mehta (Since November 1, 2013)


Inception Date (Date of Allotment) July 20, 2009



Every Business Day

QUANTUM EQUITY FUND OF FUNDS

Purchase: ` 500/- and in multiples of ` 1/- thereafter. Additional Purchase: ` 500/- and in multiples of ` 1/- thereafter/ 50 units

Entry/ Sales Load

Exit Load

Research Services

Repurchase/ Redemption/ Switch Out - On or before 365 days from the date of allotment 1.5 %.

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.

Growth & Dividend (Dividend Option will in turn have two Facilities,Dividend Payout Facility and Dividend Re-investment Facility)

Quantum Information Services Private Limited (QIS) which owns the website www.PersonalFN.comis 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 Quantum Equity Fund of Funds based on / from that recommended list of diversified equity schemes provide by QIS.

Not Applicable

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.

An Open ended Equity Fund of Funds Scheme

QUANTUM EQUITY FUND OF FUNDS12 August 2017

FII’s / Overseas Financial Organisations

Partnership Firm Non Resident IndiansIndian

CompaniesForeign Companies

Long Term 20% with Indexation 10% without Indexation20% with

Indexation

10% without Indexation (on transfer

of long term capital assets being

unlisted securities)

20% with

Indexation

10% without Indexation (on

transfer of long term capital

assets being unlisted securities)

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

Resident Individuals & HUFTax on Capital Gains *

LOW HIGH

Hig

hLo

w


High


Quantum Equity Fund of Funds(An Open-ended Equity Fund of Funds Scheme)

• 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

Product Labeling

Riskometer


#The mentioned Tax Rates shall be increased by applicable surcharge, if any Education Cess @ 2% and Secondary higher education cess @ 1% 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.



Redemption Proceeds









Investment Options


0.63% - (0.53% Management Fees + 0.10% GST (18% GST on 0.53%Management Fees))

SIP Performance of Quantum Equity Fund of Funds as on August 31, 2017

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

Quantum Equity Fund of Funds Performance as on August 31, 2017


Past performance may or may not be sustained in the future. ## S&P BSE Sensex.




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.

# S&P BSE 200 INDEX


Brokerages on Investments for August 2017


NIL

QUANTUM EQUITY FUND OF FUNDS 13



Returns (XIRR*) (%)



970.00 840.00 600.00 360.00 120.00

1,889.85 1,543.65 964.51 454.06 133.22

16.08 17.12 19.13 15.78 21.54

12.06 12.96 14.47 13.34 21.85

9.89 10.39 10.93 9.51 17.86

7 Years SIP

2017 August

For other Schemes Managed by Mr. Chirag Mehta please seeMr. Chirag Mehta is the Fund Manager effective from November 01,2013.

Past performance may or may not be sustained in the future. Load is not taken into consideration and Returns are for Growth Option.# S&P BSE 200 and ## S&P BSE Sensex @ shows the current value of ` 10,000/- invested at the beginning of a given period.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).


Scheme

Returns (%)

Benchmark

Returns (%) #

Benchmark

Returns (`) #

Additional

Benchmark

Returns (%) ##

Additional

Benchmark

Returns (`) ##


Scheme

Returns (`)

Period

Quantum Equity Fund of Funds





Since Inception (20th July 2009)

16.06 15.02 11.52 11,606 11,502 11,152

14.30 10.22 5.98 14,953 13,405 11,912

19.95 15.32 12.72 24,840 20,407 18,205

12.90 9.45 8.45 23,402 18,822 17,656

15.68 11.06 9.49 32,650 23,449 20,888

page no.32, 33


Direct Plan(`/Unit)







AUM

` (In Crores)

Average AUM* 16.84

Absolute AUM 18.01


% to Net Assets

MUTUAL FUND UNITS


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 thesecurity willbe 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-adjustedperformance has been.

Note:

QUANTUM EQUITY FUND OF FUNDS14


August 2017

1. HDFC Mid Cap Opportunities Fund -Direct Plan - Growth Option 4,82,859 266.11 14.77

2. Mirae Asset India Opportunities Fund - Direct Plan - Growth 5,62,797 261.04 14.49

3. Aditya Birla Sun Life Frontline Equity Fund - Growth - Direct Plan 1,12,959 248.50 13.80

4. SBI Magnum Multiplier Fund -Direct Plan -Growth 1,21,222 248.05 13.77

5. ICICI Prudential Focused Bluechip Equity Fund - Direct Plan - Growth 6,15,496 241.71 13.42

6. Franklin India High Growth Companies Fund - Direct - Growth 6,21,218 240.45 13.35

7. Franklin India Prima Plus - Direct - Growth 41,666 240.62 13.36

Total of Mutual Fund Units 1,746.48 96.96



Net Receivable/(payable) -1.80 -0.10

Grand Total 1,801.23 100.00

Portfolio as on August 31, 2017

Scheme FeaturesNature of Scheme


Benchmark Index

Fund Manager

Fund Manager’s Total Experience

Inception Date (Date of Allotment)


Redemption Proceeds

QUANTUM DYNAMIC BOND FUND

Entry/ Sales Load

Exit Load

An Open-ended Debt Scheme with Defined Credit Exposure and Dynamic Maturity Profile


Quantum Dynamic Bond Fund(An Open-ended Debt Scheme with Defined Credit Exposure and Dynamic Maturity Profile)

• Regular income over short to medium term and capital appreciation

• Investment in Debt / Money Market Instruments / Government Securities.

Riskometer

Product Labeling

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil


Chemicals


Banks

Gas

Finance

Software

Power

Auto

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil


Chemicals


Banks

Gas

Finance

Software

Power

Auto



CementOil



GasFinance

SoftwarePower

Auto

CRISIL Composite Bond Fund Index

Mr. Pankaj Pathak (Since March 01, 2017)

7 yrs.

May 19, 2015

Every Business Day

Nil


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

An Open-ended Debt Scheme with Defined Credit Exposure and Dynamic Maturity Profile

Tax on Capital Gains * Resident Individuals & HUFFII’s / Overseas Financial

OrganisationsPartnership Firm Non Resident Indians

Indian



Indexation




20% with

Indexation





LOW HIGH

Hig

hLo

w


High

Investors understand that their principal will be at Moderate Risk

Investment Options

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

Growth Option, Monthly Dividend Payout Option and Monthly Dividend Reinvestment Option

QUANTUM DYNAMIC BOND FUND 15August 2017













Scheme

Returns (%)

Benchmark

Returns (%) #

Benchmark

Returns (`) #

Additional

Benchmark

Returns (%) ##Additional

Benchmark

Returns (`) ##


Scheme

Returns (`)

Period

Quantum Dynamic Bond Fund


Since Inception (19th May 2015)

11.98 9.31 8.97 11,198 10,931 10,897

12.07 10.25 9.75 12,982 12,504 12,375

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil


Chemicals


Banks

Gas

Finance

Software

Power

Auto

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil


Chemicals


Banks

Gas

Finance

Software

Power

Auto



CementOil



GasFinance

SoftwarePower

Auto

Weighted Average Maturity as on August 31, 2017 (In Yrs.)

At the end of the month 7.00

Modified Duration 4.83

Portfolio Yield 6.67%


Brokerages on Investments for 2017

Distributor Commissions paid during August 2017 ` 1,355.31

August NIL

Quantum Dynamic Bond Fund Performance as on August 31, 2017For other Schemes Managed by Mr. Pankaj Pathak please see

Mr. Pankaj Pathak is the Fund Manager effective from March 01,2017.


# CRISIL Composite Bond Fund Index and ## CRISIL 10 Year Gilt Index. @ shows the current value of ̀ 10,000/- invested at the beginning of a given period.

The Scheme has been in existence for more than 1 year but has not yet completed 3 years period from inception.



QUANTUM DYNAMIC BOND FUND

page no.34


16 August 2017

Direct Plan(`/Unit)




Monthly Dividend Option 10.2313 10.2310



AUM`(In Crores)

Average AUM* 88.96

Absolute AUM 93.00

Dividend History - Monthly Dividend option

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

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

(`)

Non Individual

Direct Plan Regular Plan

Non IndividualIndividual Individual

27-Jun-17 0.10910378 0.10026019 0.10831385 0.09953429

25-Jul-17 0.08160030 0.07498606 0.08086242 0.07430798

28-Aug-17 0.06238050 0.05732415 0.06159962 0.05660656

QUANTUM DYNAMIC BOND FUND 17August 2017


Portfolio as on August 31, 2017Name of Instrument Market

Value In Lakhs

% to Net Assets

Rating

DEBT INSTRUMENTS

A) Listed /Awaiting listing on Stock Exchanges NIL NIL

I) Government Securities

1. 8.28% GOI (MD 21/09/2027) Sovereign 1,639.50 17.63

2. 8.33% GOI 2026 (M/D 09/07/2026) Sovereign 1,637.44 17.61

3. 8.97% GOI (MD 05/12/2030) Sovereign 1,155.00 12.42

4. 8.27% GOI (MD 09/06/2020) Sovereign 1,046.60 11.25

5. 6.84% GOI (MD 19/12/2022) Sovereign 1,015.10 10.92

6. 8.79% GOI (MD 08/11/2021) Sovereign 541.25 5.82

7. 6.79% GOI (MD 26/12/2029) Sovereign 497.60 5.35

Total of Government Securities 7,532.49 81.00

II) Corporate Bonds

1. 7.24% RECL Ltd NCD (MD 21/10/2021) ICRA AAA 503.68 5.42

B) Privately Placed/Unlisted NIL NIL

C) Securitized Debt Instruments NIL NIL

Total of Debt Instruments 8,036.17 86.42


A) Treasury Bills (T-Bill)

1. 364 Days Tbill (MD 21/12/2017) Sovereign 49.08 0.53

Total of T-Bills 49.08 0.53

B) Collateralised Borrowing & Lending Obligation (CBLO)* 1,098.09 11.81

Total of Money Market Instruments 1,147.17 12.34

Net Receivable / (Payables) 116.42 1.24

Grand Total 9,299.76 100.00

Asset Allocation (% of Net Assets)

as on August 31, 2017

Rating Profile (% of Net Asset)

as on August 31, 2017

CBLO & Net Receivable /(Payable)

Sovereign

AAA

CBLO & Net Receivable / (Payable)

Govt. Securities & Treasury Bills

Public Financial Institution

CBLO & Net Receivable /

(Payable)13.05%

Public FinancialInstitution

5.42%

& Treasury Bills,

81.53%

Govt. Securities

AAA5.42%

CBLO & Net Receivable /

(Payable)13.05%

Sovereign81.53%

Scheme FeaturesNature of Scheme An Open-ended Liquid Scheme


Benchmark Index Crisil Liquid Fund Index

Fund Manager Mr. Pankaj Pathak (Since March 01, 2017)


QUANTUM LIQUID FUND

Exit Load Nil

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.



Indian



Indexation




20% with

Indexation





An Open ended Liquid Scheme


Quantum Liquid Fund(An Open- ended Liquid Scheme)

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

Product Labeling

Riskometer

Investors understand that their principal will be at Low risk

LOW HIGH

Hig

hLo

w


High

Inception Date (Date of Allotment) April 7, 2006

Investment Options



Redemption Proceeds

Entry/ Sales Load

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

Not Applicable

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.

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)

` ` ` `

``

QUANTUM LIQUID FUND18 August 2017













Scheme

Returns (%)

Benchmark

Returns (%) #

Additional

Benchmark

Returns (%) ##


Scheme (`) S&P BSE- 30

TRI (RS.) #

S&P BSE

Sensex

(RS.) ##

Period


5.88 6.24 6.25 10,011 10,012 10,012

5.80 6.15 5.36 10,024 10,025 10,022

5.87 6.40 5.39 10,050 10,054 10,046

6.16 6.76 6.24 10,616 10,676 10,624

7.21 7.74 7.50 12,326 12,508 12,426

7.82 8.21 7.30 14,575 14,838 14,229

8.08 8.19 7.08 17,237 17,358 16,150

7.66 7.58 6.44 20,937 20,769 18,667

7.60 7.47 6.30 23,077 22,754 20,074

Scheme

Returns (%)

Benchmark

Returns (%) #

Benchmark

Returns (`) #

Additional

Benchmark

Returns (%) ##Additional

Benchmark

Returns (`) ##


Scheme

Returns (`)

Period

Quantum Liquid Fund

August 24, 2017 to August 31, 2017 (7 Days)*

August 16, 2017 to August 31, 2017 (15 Days)*

July 31, 2017 to August 31, 2017 (1 Month)*

August 31, 2016 to August 31, 2017 (1 year)**

August 28, 2014 to August 31, 2017 (3 years)**




Since Inception (07th April 2006)**

Quantum Liquid Fund Performance as on August 31, 2017


Weighted Average Maturity as on August 31, 2017 (Days)

At the end of the month 30

Average during the month 43

Modified Duration 28

QUANTUM LIQUID FUND




Portfolio Yield 5.91%

NIL

For other Schemes Managed by Mr. Pankaj Pathak please see

Mr. Pankaj Pathak is the Fund Manager effective from March 01,2017.

Past performance may or may not be sustained in the future. Load is not taken into consideration and Returns are for Growth Option.# Crisil Liquid Fund Index and ## Crisil 1 year T-bill Index. @ current value of ̀ . 10,000/- invested at the beginning of a given period.

* Simple Annualized.

** Returns for 1 year and above period are Compounded Annualized Growth Rate (CAGR).


19August 2017

page no.34

Direct Plan(`/Unit)



Daily Dividend Option 10.0056 10.0042


Monthly Dividend Option 10.0108 10.0104 *Cumulative Daily AuM /No of days in the month


AUM

`(In Crores)

Average AUM* 121.03

Absolute AUM 121.18

Dividend History - Monthly Dividend option

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

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

(`)

Non Individual

Direct Plan Regular Plan

Non IndividualIndividual Individual

27-Jun-17 0.03866157 0.0355278 0.03626076 0.03332158

25-Jul-17 0.03265045 0.03000392 0.03415319 0.03138485

28-Aug-17 0.03901896 0.03585621 0.03857926 0.03545215

Name of Instrument Residual Maturity (in days)

Market Value In Lakhs

% to Net Assets

Rating

DEBT INSTRUMENTSA) 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. National Bank For Agri & Rural CP (MD 08/09/2017) CRISIL A1+ 8 499.43 4.12

Total of CPs 499.43 4.12

B) Treasury Bills (T-Bill)

1. 91 Days Tbill (MD 12/10/2017) Sovereign 42 1,986.51 16.39




Total of T-Bills 7,442.53 61.42

C) Collateralised Borrowing & Lending Obligation (CBLO)* 4,144.94 34.21

Total of Money Market Instruments 12,086.90 99.75

Net Receivable / (Payables) 31.01 0.25

Grand Total 12,117.91 100.00

QUANTUM LIQUID FUND


20 August 2017


Rating Profile (% of Net Asset) as on August 31, 2017

Asset Allocation (% of Net Assets) as on August 31, 2017


Govt. Securities



A1+

Sovereign

Sovereign61.42%

CBLO & Net /(Payable)

34.46%

Receivable

CBLO & Net /(Payable)

34.46%

Receivable

A1+4.12%

Govt. Securities61.42%


4.12%

Scheme FeaturesNature of Scheme An Open ended Fund of Fund Scheme


Benchmark Index Domestic Price of Gold

Fund Manager Mr. Chirag Mehta (Since May 19, 2011)


Inception Date (Date of Allotment) May 19, 2011

Investment Options



Redemption Proceeds

QUANTUM GOLD SAVINGS FUND

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

Additional Purchase: ` 500/- and in multiples of ` 1/- thereafter / 50 units

Entry/ Sales Load

Exit Load Repurchase/ Redemption/ Switch Out - On or before 365 days from the date of allotment 1.5 %.

The investment objective of the Scheme is to provide capital appreciation by predominantly investing in units of Quantum Gold Fund - Exchange Traded Fund (QGF). 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.

Growth




Indian



Indexation




20% with

Indexation





An Open ended Fund of Fund Scheme


Quantum Gold Savings Fund(An Open-ended Fund of Funds Scheme)

• Long term returns• Investments in units of Quantum Gold Fund – Exchange

Traded Fund whose underlying investments are in physical gold.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High


QUANTUM GOLD SAVINGS FUND 21August 2017











0.11% - (0.09% Other Expenses + 0.02% GST (18% GST on 0.09%Other Expenses ))

0.22% - (0.19% Other Expenses + 0.03% GST (18% GST on 0.19%Other Expenses ))

Scheme

Returns (%)


Scheme (`)

Period


Scheme

Returns (%) Benchmark

Returns (%) #


Scheme Returns (`)

Period

Quantum Gold Savings Fund




Since Inception (19th May 2011)

-6.04 -6.21 9,396 9,379

0.30 1.96 10,090 10,601

-2.23 -1.01 8,931 9,506

3.38 4.84 12,326 13,468

Quantum Gold Savings Fund Performance as on August 31, 2017

Past performance may or may not be sustained in the future.

Load is not taken into consideration and Returns are for Growth Option 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.

# Domestic Price of Gold




SIP Performance of Quantum Gold Savings Funds as on August 31, 2017

Since Inception SIP 3 Years SIP 1 Year SIP



Returns (XIRR*) (%)


750.00 600.00 360.00 120.00

751.99 600.44 372.30 119.64

0.08 0.03 2.21 -0.56

1.57 1.60 3.43 1.63

5 Years SIP

For other Schemes Managed by Mr. Chirag Mehta please see Mr. Chirag Mehta is the Fund Manager effective from May 19,2011.

Past performance may or may not be sustained in the future. Load is not taken into consideration.

# Domestic Price of Gold. @ shows the current value of ̀ 10,000/- invested at the beginning of a given period.



22 August 2017 QUANTUM GOLD SAVINGS FUND


Benchmark

Returns (`) #

page no.32, 33

Direct Plan(`/Unit)






AUM` (In Crores)

Average AUM* 13.29

Absolute AUM 13.63


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

Asset Allocation (% of Net Assets) as on August 31, 2017

Units of Quantum Gold 99.89%

Fund

Units of Quantum Gold Fund


CBLO & Net Receivable / 0.11%

(Payable)

23August 2017 QUANTUM GOLD SAVINGS FUND


% to Net Assets

A) EXCHANGE TRADED FUND UNITS

1. Quantum Gold Fund 1,03,161 1,361.73 99.89

Total of Exchange Traded Funds 1,361.73 99.89

B) MONEY MARKET INSTRUMENTS

1. Collateralised Borrowing & Lending Obligation (CBLO)* 0.78 0.06

Net Receivable/(payable) 0.76 0.05

Grand Total 1,363.27 100.00



Scheme FeaturesNature of Scheme An Open-ended Fund of Funds Scheme


Benchmark Index Crisil Composite Bond Fund Index (40%)+S&P BSE Sensex Totalreturn Index (40%)+Domestic price of gold (20%)

Fund Manager Mr. Chirag Mehta (Since July 11, 2012)

Fund Manager’s Total Experience 11 yrs


Investment Options



Redemption Proceeds

QUANTUM MULTI ASSET FUND

Purchase: ̀ 500/- and in multiples of ̀ 1/- thereafter. Additional Purchase: ̀ 500/- and in multiples of ̀ 1/- thereafter/ 50 units

Entry/ Sales Load

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

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.

Growth


An Open-ended Fund of Funds Scheme

Fund Manager Mr. Nilesh Shetty (Since July 11, 2012)Total Experience 12 yrs



Indian



Indexation




20% with

Indexation






Quantum Multi Asset Fund(An Open-ended Fund of Funds Scheme)

• Long term capital appreciation & Current income• Investments in portfolio of schemes of Quantum

Mutual Fund whose underlying investments are in quity and equity related securities of companies, debt and money market instruments and physical gold.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High


24 August 2017 QUANTUM MULTI ASSET FUND




Total Expense Ratio (Weighted Average for the Month) Direct PlanTotal Expense Ratio (Weighted Average for the Month) Regular Plan






0.26% - (0.22% Other Fees + 0.04% GST (18% GST on 0.22%Other Expenses ))

0.38% - (0.32% Other Fees + 0.06% GST (18% GST on 0.32% Other Expenses ))

Direct Plan(`/Unit)




Scheme

Returns (%)

Benchmark

Returns (%) #

Additional

Benchmark

Returns (%) ##



TRI (RS.) #

S&P BSE

Sensex

(RS.) ##

Period


Scheme

Returns (%)

Benchmark

Returns (%) #


Scheme

Returns (`)

Period

Quantum Multi Asset Fund





7.69 8.78 10,769 10,878

8.39 8.01 12,745 12,612

10.52 9.82 16,495 15,981

10.41 9.89 16,646 16,249

SIP Performance of Quantum Multi Asset Fund as on , 2017August 31

Since Inception SIP 3 Years SIP5 Years SIP

Quantum Multi Asset Fund Performance as on August 31, 2017


Past performance may or may not be sustained in the future.

# Crisil Composite Bond Fund Index (40%)+ S&P BSE Sensex Total return Index (40%)+ Domestic price of gold (20%)

Load is not taken into consideration and Returns are for Growth Option 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.

1 Year SIP



Distributor commissions paid during August 2017 ` 11.91



Returns (XIRR*) (%)


610.00 600.00 360.00 120.00

791.82 775.24 416.20 125.81

10.24 10.23 9.72 9.30

9.86 9.86 9.64 12.64

The Scheme is Co-Managed by Chirag Mehta and Nilesh Shetty. For other Schemes Managed by Chirag Mehta and Nilesh Shetty. please seeMr. Chirag Mehta & Mr. Nilesh Shetty are Fund Managers effective from July 11, 2012


# Indicates CRISIL Composite Bond Fund Index (40%) + S&P BSE Total Return Index (40%) + Domestic price of Gold (20%) @ shows the current value of ̀ 10,000/- invested at the beginning of a given period



2017 August QUANTUM MULTI ASSET FUND


25

Benchmark

Returns (`) #

page no.32, 33



AUM

`(In Crores)

Average AUM* 11.74

Absolute AUM 12.18

^^ Note:stRisk Free Rate assumed to be 5.96% (FBIL Overnight MIBOR for 31 August 2017) 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 thesecurity willbe 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-adjustedperformance has been.

26 August 2017 QUANTUM MULTI ASSET FUND



% to Net Assets

A) MUTUAL FUND UNITS

1. Quantum Liquid Fund - Direct Plan Growth Option 19,41,907 448.14 36.81

2. Quantum Long Term Equity Fund - Direct Plan Growth Option 6,81,415 344.93 28.33

3. Quantum Dynamic Bond Fund - Direct Plan Growth Option 11,35,288 147.39 12.11

Total of Mutual Fund Units 940.46 77.25

B) EXCHANGE TRADED FUND UNITS

1. Quantum Gold Fund (an ETF) 13,236 174.72 14.35

2. Quantum Nifty ETF 7,292 78.16 6.42

Total of Exchange Traded Fund Units 252.88 20.77

Total (A+B) 1,193.34 98.02




Grand Total 1,217.59 100.00


Scheme FeaturesNature of Scheme An Open ended Exchange Traded Fund - Gold


Benchmark Index Domestic Price of Physical Gold

Fund Manager Mr. Chirag Mehta (Since May 01, 2009)

Fund Manager’s Total Experience 11 yrs

Inception Date (Date of Allotment) February 22, 2008

Investment Options



Redemption Proceeds

QUANTUM GOLD FUND

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

Exit Load NIL(retail investor can exit the scheme only through secondary market)

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.

Growth

Not Applicable

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.

An Open ended Exchange Traded Fund - Gold



Indian



Indexation

20% with Indexation (on transfer

of long term capital assets being listed

securities)

20% with

Indexation

20% with Indexation (on


assets being listed securities)



Quantum Gold Fund(An Open-ended Exchange Traded Fund- Gold)

• Long term returns• Investments in physical gold.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High


27 2017 August QUANTUM GOLD FUND


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

Total Expense Ratio (Weighted Average for the Month) 1.02% (Inclusive of Statutory Levies and Taxes)

Current Expense Ratio





Brokerages & Commissions Details


Distributor Commissions paid during August 2017 NIL

NIL

Portfolio Turnover Ratio (Last one year): 1.49%Asset Allocation (% of Net Assets) as on August 31, 2017

CBLO

GOLD

CBLO

Net Receivables / (Payable)100.04%

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.

GOLD

Net Receivables / (Payable)-0.48%0.44%

28 August 2017 QUANTUM GOLD FUND

Scheme

Returns (%)

Benchmark

Returns (%) #

Additional

Benchmark

Returns (%) ##



TRI (RS.) #

Period






Since Inception (22nd Feb 2008)

Scheme

Returns (%)

Benchmark

Returns (%) #


Scheme

Returns (`)

Benchmark

Returns (`) #

Period

Quantum Gold Fund

-7.15 -6.21 9,285 9,379

0.89 1.96 10,270 10,601

-2.01 -1.01 9,032 9,506

5.37 6.45 14,430 15,492

8.86 9.62 22,453 23,990

Quantum Gold Fund Performance as on August 31, 2017

Name of Instrument Market Value In Lakhs

% to Net Asset

GOLD

1. 1 KG Bar (995 fineness) 186 5,515.06 99.50

2. 100 Gms Bar (999 fineness) 10 29.76 0.54

Total of Gold 5,544.82 100.04




Grand Total 5,542.53 100.00

Quantity


For other Schemes Managed by Mr Chirag Mehta please see Mr. Chirag Mehta is the Fund Manager effective from May 01,2009.


# Domestic price of Gold and @ Indicates the current value of ` 10,000/- invested at the beginning of a given period.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).

^^Tracking Error :0.099%

The Scheme being Exchange Traded Fund has one plan to invest through stock exchange and having a single expense structure.


page no.32, 33


(as of August 31, 2017)

AUM` (In Crores)

Average AUM* 57.25

Absolute AUM 55.43( /Unit)`(as on August 31, 2017)

NAV

Growth Option 1331.1783

Scheme FeaturesNature of Scheme An Open-ended Exchange Traded Fund


Benchmark Index Nifty 50 TRI Index

Fund Manager Mr. Hitendra Parekh (Since July 10,2008)



Investment Options



Redemption Proceeds

QUANTUM NIFTY ETF

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

Exit Load NIL(retail Investor can exit the scheme only through secondary market)

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 inthe 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.

Growth

Not Applicable

Upfront commission to distributors will be paid by the investor directly to the distributor, based on hisassessment of various factors including the service rendered by the distributor.

Taxation# Tax on Long Term Capital Gains - Nil


An Open ended Exchange Traded Fund


Quantum Nifty ETF(An Open- ended Exchange Traded Fund)


companies in Nifty 50 Index.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High


QUANTUM NIFTY ETF August 2017 29


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

Total Expense Ratio (Weighted Average for the Month) 0.26% (Inclusive of Statutory Levies and Taxes)

Current Expense Ratio




Quantum Nifty ETF Performance as on August 31, 2017

QUANTUM NIFTY ETF


% to Net Assets

Industry+

EQUITY & EQUITY RELATEDA) Listed /Awaiting listing on the Stock Exchanges

1.HDFC Bank Limited Banks 2,381 42.30 9.592. Housing Development Finance Corporation Limited Finance 1,867 33.17 7.523. Reliance Industries Limited Petroleum Products 1,948 31.06 7.044. ITC Limited Consumer Non Durables 9,989 28.19 6.395. ICICI Bank Limited Banks 7,536 22.46 5.096. Infosys Limited Software 2,349 21.49 4.877. Larsen & Toubro Limited Construction Project 1,444 16.41 3.728. Tata Consultancy Services Limited Software 624 15.58 3.539. Kotak Mahindra Bank Limited Banks 1,425 13.91 3.1510. State Bank of India Banks 4,360 12.11 2.7511. Maruti Suzuki India Limited Auto 156 12.01 2.7212. Hindustan Unilever Limited Consumer Non Durables 837 10.21 2.3113. Axis Bank Limited Banks 1,994 9.98 2.2614. IndusInd Bank Limited Banks 589 9.76 2.2115. Tata Motors Limited Auto 2,199 8.28 1.8816. Yes Bank Limited Banks 428 7.50 1.7017. Mahindra & Mahindra Limited Auto 545 7.33 1.6618. Vedanta Limited Non - Ferrous Metals 2,180 6.73 1.5319. Bharti Airtel Limited Telecom - Services 1,546 6.61 1.5020. Sun Pharmaceutical Industries Limited Pharmaceuticals 1,293 6.22 1.4121. Asian Paints Limited Consumer Non Durables 528 6.17 1.4022. Hero MotoCorp Limited Auto 153 6.11 1.3923. HCL Technologies Limited Software 666 5.76 1.3124. Power Grid Corporation of India Limited Power 2,575 5.65 1.2825. Indian Oil Corporation Limited Petroleum Products 1,195 5.43 1.2326. Oil & Natural Gas Corporation Limited Oil 3,309 5.19 1.1827. Tata Steel Limited Ferrous Metals 786 5.02 1.1428. NTPC Limited Power 2,899 4.89 1.1129. UltraTech Cement Limited Cement 122 4.88 1.1130. Bharat Petroleum Corporation Limited Petroleum Products 915 4.84 1.1031. Eicher Motors Limited Auto 15 4.72 1.0732. Indiabulls Housing Finance Limited Finance 378 4.59 1.0433. Bajaj Auto Limited Auto 159 4.48 1.0134. Wipro Limited Software 1,482 4.43 1.01


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


# Nifty 50 Total Return Index and ## S&P BSE Sensex. @show the current value of ` 10,000/- invested at the beginning of a given period.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).

^^Tracking Error : 0.071%



30 August 2017

Scheme

Returns (%)

Benchmark

Returns (%) #

Additional

Benchmark

Returns (%) ##



TRI (RS.) #

S&P BSE

Sensex

(RS.) ##

Period


Scheme

Returns (%)

Benchmark

Returns (%) #

Benchmark

Returns (`) #

Additional

Benchmark

Returns (%) ##

Additional

Benchmark

Returns (`) ##


Scheme Returns (`)

Period

Quantum Nifty ETF






14.03 14.33 11.52 11,403 11,433 11,152

8.65 8.91 5.98 12,838 12,930 11,912

14.65 14.91 12.72 19,819 20,039 18,205

10.14 10.40 8.45 19,674 19,993 17,656

11.32 11.29 9.42 26,689 26,609 22,785

0.50%

0.65%

0.70%

0.76%0.82%

0.84%

1.14%

1.18%

1.50%

2.07%

2.45%

2.77%3.72%

4.00%

8.56%

9.37%

10.03%

10.10%11.43%

27.10%

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

Auto Ancillaries

Gas

Telecom - Equipment & Accessories

Media & Entertainment

Minerals/Mining

Transportation

Ferrous Metals

Oil

Telecom - Services

Cement

Non - Ferrous Metals

Power


Pharmaceuticals

Finance

Petroleum Products

Auto

Consumer Non Durables

Software

Banks

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

Portfolio Turnover Ratio (Last one year): 28.38%Industry Allocation (% of Net Assets) as on August 31, 2017


QUANTUM NIFTY ETF


Brokerages on Investments for August 2017 43.80

Distributor Commissions paid during August 2017 NIL

`

31August 2017


AUM

` (In Crores)

Average AUM* 4.40

Absolute AUM 4.41

( /Unit)`(as on August 31, 2017)

NAV

Growth Option 1071.8329

35. Hindalco Industries Limited Non - Ferrous Metals 1,710 4.07 0.9236. Adani Ports and Special Economic Zone Limited Transportation 947 3.72 0.8437. Coal India Limited Minerals/Mining 1,528 3.63 0.8238. Cipla Limited Pharmaceuticals 594 3.40 0.7739. Zee Entertainment Enterprises Limited Media & Entertainment 642 3.34 0.7640. Tech Mahindra Limited Software 730 3.13 0.7141. Bharti Infratel Limited Telecom - Equipment & Accessories 824 3.09 0.7042. Dr. Reddy's Laboratories Limited Pharmaceuticals 142 2.87 0.6543. GAIL (India) Limited Gas 753 2.85 0.6544. Lupin Limited Pharmaceuticals 280 2.74 0.6245. Ambuja Cements Limited Cement 868 2.43 0.5546. Aurobindo Pharma Limited Pharmaceuticals 332 2.41 0.5547. Bosch Limited Auto Ancillaries 10 2.20 0.5048. ACC Limited Cement 100 1.80 0.4149. Tata Power Company Limited Power 2,142 1.70 0.3850. Bank of Baroda Banks 1,117 1.54 0.3551. Tata Motors Limited Auto 598 1.31 0.30B) Unlisted NIL NIL NILTotal of all Equity 439.70 99.69MONEY MARKET INSTRUMENTS A) Collateralised Borrowing & Lending Obligation (CBLO)* 1.13 0.26Net Receivable/(payable) 0.19 0.05Grand Total 441.02 100.00


SCHEME PERFORMANCE - FUND MANAGER-WISE

SCHEME PERFORMANCE - FUND MANAGER - WISEAugust 2017 32

ATUL KUMAR / SORBH GUPTA



% to Net Assets

Industry / Rating


# S&P BSE 30 TRI


Mr. Atul Kumar manages 2 schemes of the Quantum Mutual Fund. Mr. Sorbh Gupta manages 1 scheme of the Quantum Mutual Fund.


Mr. Atul Kumar effective from December 23, 2008

Mr. Sorbh Gupta effective from October 1, 2016

CHIRAG MEHTA NILESH SHETTY /


% to Net Assets

Industry / Rating

Period

SchemeReturn %

SchemeReturn %

BenchmarkReturn (%)#



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


Mr. Chirag Mehta manages 4 schemes of the Quantum Mutual Fund. Mr. Nilesh Shetty co-manages 2 schemes of the Quantum Mutual Fund.


QUANTUM MULTI ASSET FUND

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

ATUL KUMAR / NILESH SHETTY

QUANTUM LONG TERM EQUITY FUND

Name of InstrumentName of Instrument QuantityQuantity Market Value In Lakhs

% to Net Assets% to Net Assets

PeriodApril 29, 2016 to

April 30, 2017 (1 year)April 30, 2014 to

April 30, 2017 (3 year)

SchemeReturn %

SchemeReturn %



SchemeReturn %


SchemeReturn %


SchemeReturn %



# S&P BSE 30 TRI


Mr. Atul Kumar and Mr. Nilesh Shetty co-manages 2 schemes of the Quantum Mutual Fund.


Mr. Atul Kumar effective from November 15, 2006

Mr. Nilesh Shetty effective from March 28, 2011


Industry / RatingPeriod

10.59 12.98 11.77 7.45 17.87 14.39

SchemeReturn %

SchemeReturn %

SchemeReturn %





Quantity Market Value In Lakhs

% to Net Assets

Industry / RatingPeriod

7.69 8.78 8.39 8.01 10.52 9.82

SchemeReturn %

SchemeReturn %

SchemeReturn %




Quantum Multi Asset Fund

Quantity Market Value In Lakhs

% to Net AssetsPeriod




10.45 12.98 11.77 7.45 17.86 14.39

SchemeReturn %

SchemeReturn %

SchemeReturn %




Quantum Long Term Equity Fund











CHIRAG MEHTA

CHIRAG MEHTA

CHIRAG MEHTA

QUANTUM GOLD SAVINGS FUND

Name of InstrumentName of Instrument Market Value In Lakhs


Industry / RatingIndustry / RatingPeriod

-6.04 -6.21 0.30 1.96 -2.23 -1.01

SchemeReturn %

SchemeReturn %

SchemeReturn %




Quantum Gold Savings Funds


# Domestic price of Gold


Mr. Chirag Mehta manages 4 schemes of the Quantum Mutual Fund.


Mr. Chirag Mehta effective from May 19, 2011.

QUANTUM GOLD FUNDName of InstrumentName of Instrument Quantity Market

Value In Lakhs

% to Net Assets

Industry / Rating

Period

-7.15 -6.21 0.89 1.96 -2.01 -1.01

SchemeReturn %

SchemeReturn %

SchemeReturn %




Quantum Gold Fund (ETF)


# Domestic price of Gold




Mr. Chirag Mehta effective from May 01, 2009 .

QUANTUM EQUITY FUND OF FUNDS

Name of InstrumentName of Instrument Market

Value In Lakhs


Industry / RatingIndustry / RatingPeriod

16.06 15.02 14.30 10.22 19.95 15.32

SchemeReturn %

SchemeReturn %

SchemeReturn %




Quantum Equity Fund of Funds


# S&P BSE 200 Index




Mr. Chirag Mehta effective from November 1, 2013










QUNATUM DYNAMIC BOND FUND

Name of InstrumentName of Instrument

Period

SchemeReturn %



# CRISIL Composite Bond Fund Index


Mr. Pankaj Pathak manages 2 schemes of the Quantum Mutual Fund.

The Schemes has been in existence for more than 1 year but less than 3 years from inception.


Mr. Pankaj Pathak effective from March 01, 2017

SCHEME PERFORMANCE - FUND MANAGER - WISE August 2017 34

QUANTUM LIQUID FUND

PANKAJ PATHAK

PANKAJ PATHAK

Name of InstrumentName of Instrument Market

Value In Lakhs


Period

6.16 6.76 7.21 7.74 7.82 8.21

SchemeReturn %

SchemeReturn %

SchemeReturn %




Quantum Liquid Fund


# Crisil Liquid Fund Index


Mr. Pankaj Pathak manages 2 schemes of the Quantum Mutual Fund.


Mr. Pankaj Pathak effective from March 1, 2017


Period

11.98 9.31 - - - -

SchemeReturn %

SchemeReturn %

SchemeReturn %




Quantum Dynamic Bond Fund







Statutory Details & Risk FactorsHOW 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 Rs 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 Rs. 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 Rs 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.


Disclaimer, 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 Rs. 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 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 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.

Want To Have The Latest Information About Us?

Registered Office: Quantum Asset Management Company Pvt Ltd.505, Regent Chambers, 5th floor, Nariman Point, Mumbai - 400 021Corporate Identity Number (CIN): U65990MH2005PTC156152

The Factsheet Published as on 13 September 2017

Statutory Details & Risk FactorsSTATUTORY DETAILS & RISK FACTORS

SCHEME PERFORMANCE - FUND MANAGER - WISE August 2017 36

https://invest.quantumamc.com/online

mailto:[email protected]


quantum asset management company private limited - quantum … · 2017-09-13 · november 2016....

Documents