Quantum Factsheet June 2018 Combine · near 8.6% and similar 3 year bond is at 8.5%. The Indian...

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Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil

Construction Project

Chemicals

Hotels, Resorts And Other…

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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

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Construction ProjectChemicals

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https://quantumamc.com/Schemes/Quantum-Equity-Fund-of-Funds.html

June 2018

INDEX

CONTENTS PAGE NO.

QUANTUM DYNAMIC BOND FUND - QDBF

HOW TO READ THE FACTSHEET

03

06

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36

QUANTUM NIFTY ETF - Q NIFTY

Market Returns % *

June 2018

S&P BSE SENSEX **

S&P BSE MIDCAP **

S&P BSE SMALL CAP **

0.50%

-3.47%

-7.03%

BEST PERFORMER SECTORS Pharmaceutical and IT services

LAGGARD SECTORS Power, real estate and capital goods

* On Total Return Basis

Market Performance at a Glance

** Source-Bloomberg

QUANTUM VIEW FOR JUNE 2018

QUANTUM VIEW 3

uring the month of June, S&P BSE Sensex appreciated

0.50% on total return basis. S&P BSE Mid cap and S&P DBSE Small cap indices continued their declining trend.

S&P BSE Mid cap index fell 3.47% whereas S&P BSE Small cap

index declined much sharper by 7.03%. Small and Midcap

stocks were doing much better for the past 3 years compared to

large cap indices. Many of such stocks were priced very high

and looked in bubble territory. In the 6 months of 2018 so far,

S&P BSE Sensex rose 4.69%, whereas Mid cap and Small cap

indices fell by 13.1% and 16.5% respectively on total return

basis.

Among sectors, pharmaceutical space was a clear winner

followed by IT services. One big healthcare company got

approvals for its plant from US FDA, which was under

observation earlier. Some other pharma companies also got

product approvals, giving a shot in the arm to their stock prices.

IT services stocks also rose on depreciating rupee which would

boost their revenues, given a large part of revenues are in US

dollar. Business prospects of IT companies are also improving.

Power, real estate and capital goods were the sectors that lost most during the month. Rupee maintained its depreciating stance as the US dollar strengthened. It depreciated 1.57% during the month.

FIIs were net sellers during the month of May. They sold stocks worth USD 377 Mn during the month. So far in current year FIIs have offloaded USD 622 Mn worth of stocks. Appreciating dollar and reduced liquidity is leading to sale by foreigners in most emerging markets including India. Domestic institutions have been buyers to the tune of USD 2.1 Bn for the month countering FII action. While MFs bought stock worth USD 1 Bn, insurers stepped up with purchase of USD 1.1 Bn. In 2018 so far, DIIs have been purchasers of USD 9.45 Bn.

Among global events, US Fed increased interest rates by

0.25% during the month of June. There are expectations of

another 2 rate increases in 2018 by the central bank. Other

central banks as Japan and Eurozone could also apply brakes to

loose monetary policy followed so far. As expected, there has

been withdrawal of foreign funds from most emerging markets.

This could likely continue in future.

Trade sanction by US and retaliation by other countries

also continues to dominate news. China is the major target for

tariffs to dissuade trade with US. However, many countries

have also seen a threat from US. Many have retaliated as well

by counter tariffs. China’s stock market has taken a beating for

potential negative impact of tariffs. The saga of trade

restrictions could stifle the growth recovery seen in most

economies. The impact on Indian economy is not much as we

are largely a domestic consumption economy and don’t rely on

exports much.

June was also significant for meeting of Opec,

organization of major crude oil producers. It was decided by

them to raise oil output by a million barrels per day. Trade

sanctions against Iran and production disruption in select

countries could still keep oil prices high.

Economic situation in India continues to be more

challenging than past few years. RBI increased interest rates

during the month by 0.25%. This rate hike comes after a gap of 4

years. Inflation has also moved closer to 5% (4.9% for May)

compared to benign environment earlier. Government has

intention to increase MSP for food items, which could further

fuel inflation.

On the positive side, there has been a gradual

improvement in performance of many companies. Several data

points also suggest good growth in production from factories in

recent month. However, some of this could be due to base

effect. Manufacturing had slowed down this time last year as

GST came in effect. This left the trade channel confused and

they stopped buying as tax credit was an issue during transition

from old regime. Current GST collections are also encouraging

and only marginally lower than Govt estimate of Rs 1 Trn per

month.

Monsoon data so far also points towards a normal rainfall

and it has been covering the country well. Given better farm

prices with eye on next elections, agriculture sector could also

see better prospects. Rural economy was badly battered during

demonetization, as it depended primarily on cash. Another

state joined the farm waiver bandwagon during the month,

which will bring some respite to the stressed sector.

Barring a few sectors, valuations of stocks are at high

levels. While share prices have run up, earning of companies

are picking up now only after 4 year hiatus. High level of

liquidity globally has driven up stock prices. Markets have fallen

recently, any further correction could make stocks attractive.

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.

Valuations, however, leave moderate upside in the near term.

Investors at this point should continue to invest in equities

through SIPs.

Atul Kumar- Head - Equity FundsEquity Outlook

June 2018

Data Source: Bloomberg

ndian bond yields continued its upward march posting its th11 monthly rise in the last 12 months. A sharp uptick in Iinflation, higher crude oil prices and weaker INR reinforced

the bearish bias in the market.

The 10 year benchmark G-sec (central government bond)

yield breached the physiological 8% mark which was last seen

in early 2015. But it retreated from there to end the month at

7.90% compared to 7.83% in May'18. Government Bond yields

across maturities showed a similar movement rising by 5-10

bps in the month. The yield on corporate bonds also rose by 5-

10 bps across the curve. The 10 year AAA rated PSU bond is now

near 8.6% and similar 3 year bond is at 8.5%.

The Indian Rupee also made a new all-time low of 69.1

per USD breaching the previous low of 68.80 reached post

taper-tantrum in August 2013. Given the weak sentiment on

emerging markets (EM) and weakening domestic macros, we

may see this depreciation bias to continue in rest of the year.

One of the major effects of rupee depreciation is that it

raises the cost of imports especially crude oil. Higher import

bills could translate into higher inflation and in turn could

further affect the bond markets negatively.

Fall in rupee's value also reduces the return on

investments for foreign portfolio investors making their

investments in Indian bonds less favorable. In the last four

years, foreigners have poured in substantial investments into

Indian debt markets. Foreigners have sold about USD 7billion

(Year To Date) YTD but further weakness in rupee will test their

resolve and could potentially trigger some more position

unwinding.

Since the start of the year, a major worry for the Indian

bonds and the Rupee has been the sustained rise in crude oil

prices. One of the major reasons, apart from growing demand,

for this rise in oil prices is the suppressed supply by the cartel of

oil producing nations.

Following the sharp fall in crude oil prices in 2015 and

2016, the Organization of the Petroleum Exporting Countries

(OPEC) and non-OPEC countries (led by Russia) had entered

into a pact in Dec 2016 to jointly cut output by 1.8 million

barrels per day (bpd). But the unexpected fall in production in

Venezuela, Libya and Angola have effectively brought the

supply cuts to around 147% of the agreed levels in the recent

months which drove the prices to near $80 per barrel.

In their meeting held in June, the OPEC and non-OPEC

oil producers agreed to boost supply of crude to bring back the

conformity level back to 100% which entails an increase of

approximately 850,000 bpd. The guidance on increasing supply

will keep the prices under check. We do not see a meaningful

rise above $80 per barrel in the Brent crude oil price until the

market dynamics change meaningfully. During the month

(June 2018) Brent oil price was oscillating in the $72-$80 per

barrel range.

The domestic liquidity situation continued to tighten

as the cash withdrawals remained at elevated levels. Against

the normal trend of cash deposits, the first three weeks of June

witnessed withdrawals to the tune of `256 bn. The RBI

conducted an OMO purchase of government securities worth

100 billion to address the liquidity situation.

The recent trend of RBI's purchase and sale of FX

reserves suggests that the RBI had cancelled some of its long

forward positions in foreign currencies in the last month. If the

pressure on INR continues in coming months, we may see more

cancellation of forward positions by the RBI and can even

witness increased selling of US Dollars in the spot market which

will lead to further tightening of liquidity conditions. We thus

expect the RBI to conduct more OMOs to the tune of ` 1-1.5

trillion in the rest of FY19 which should offer some support to

bond yields.

After two months of selling, emerging markets were

relatively stable in Jun'18. But given the tightening trend of the

global monetary policy and contagious nature of EM

currencies, we cannot rule out the possibility of a major selloff

in EM currencies and assets. This remains a potent risk to the

Indian bond markets and Indian Currency.

As promised in the 2018-19 Union Budget the

government raised the Minimum Support Prices for Kharif

crops by at least 1.5 times of the production costs of the

respective crops. We believe this will add to inflationary

pressures over the next year. In the MPC meeting next month,

the RBI may revise its inflation projections upward and may

also frontload the rate hike to curtail inflationary expectations.

Although the worries over inflation and Rupee

depreciation continued to weaken the sentiment, we

witnessed some value buying emerging from PSU banks as and

when the 10 year yield breached above 7.9%. The recent

improvement in bidding pattern in the weekly central

government bonds auctions also indicates towards improved

demand scenario.

India government bond yields now at around the 8%

mark and the shorter end AAA PSU corporate bonds at 8.5%

have priced in significant uncertainty risk premium.

Uncertainty on Oil prices, foreign investor behavior, rupee

movement, liquidity actions.

The 10 year government Bond yield will likely remain in

the 7.70% - 8.0% range for now and move above towards 8.25%

if the markets expect RBI to hike by more than 50 bps.

We continue to maintain our neutral stance on rates

over the medium term. However, we keep looking for signs of

mispricing in market and position to exploit the opportunity

tactically. We advise investors to have a longer time frame if

they invest in bond funds and should also consider the

possibility of capital losses in the short term.

QUANTUM VIEW4 June 2018

Debt Outlook

Pankaj Pathak - Fund Manager - Fixed Income

Outlook

Data Source: Bloomberg, RBI

rowing trade spat between U.S and China pushed the

dollar up to an 11 month high and gold to a 6 months Glow. Two critical factors that have exerted the greatest

selling pressure in gold has been the strong US dollar and the

Federal Reserve's current monetary policy of quantitative

normalization resulting in gold trading to the lowest price of

2018. It's been a choppy first half as Investors shunned gold

and favored the dollar and Treasuries instead; as they weighed

the uncertainties surrounding the impact of a U.S.-China trade

war on global growth. Despite uncertainty, Trumps

unpredictability surrounding decisions have investors place

their bets in dollar for now as opposed to the yellow metal.

Gold prices declined by -3.5% for the month taking the year to

date performance dipping negative to -3.8%.

Trump, for now, seems contend with his tariff warfare

as it adds big bucks to its kitty. The U.S. has collected $775

million from the metal import tariffs and the Commerce

Department expects to reach $1 billion in six weeks. President

Trump said that “one thing no one talks about is the money

pouring into the Treasury. These tariffs are billions and billions

of dollars.” However, Tariffs are not only short term tangibles

but Tariffs are taxes that ultimately raise the price of goods to

the consumers bearing the inflation hit.

Markets are currently balancing between stronger

dollar prospects and a potential blowup in trade protectionist

measures between U.S-China. The current trade dispute and

the proposed implementation of tariffs on both sides indicate

that trade policies between both countries probably contain

more friction before these two superpowers resolve their

issues. Markets while backing the dollar for the time being,

there is an inherent belief or a benefit of doubt in Donald to pull

it off. Trump has demonstrated already that he changes his

mind very quickly, if trade spat turns worse, one can expect him

to take a U-turn. However, any escalation combined with a slide

in the dollar could lift gold prices. If we see higher trade

tension, which could at some point be positive for gold. It may

adversely impact global growth and increase uncertainty,

which are normally positive drivers for bullion.

This month's FOMC meeting revealed a more hawkish

Fed that created additional selling pressure. Although it was

widely anticipated that the Fed would initiate its second-rate

hike this year, they also revealed a possible addition of two

more rate hikes in 2018 as opposed to one priced by the

markets. This prospect of aggressive rate hikes along with

quantitative tightening was more uplifting for the dollar

viewed in comparison with ECB that will only consider next

year for any rate hikes.

The current dispute between the United States and

China has been moving towards an all-out trade war. It will be

the net effect on the US dollar if and when tariffs begin to be

enforced that will indicate the future direction of gold. The

question of essence that will shape the outcome is whether

this trade agenda - is one of Trumps negotiating tricks or is it

an all-out trade war against China trying to undermine its

economic agenda and thereby its supremacy which is

building fast?

To an extent, it's clear that many in the policy circles

on the world stage do consider China as a strategic rival for

global leadership. Over the next week, further tariffs from

both sides kick in and markets will wait to see if there are any

durable efforts towards reversing to progressive global

trade. Further in the game, we can expect the trade tariffs to

expand and include investment restrictions as well,

especially the ones involved with the technology sector. If

bilateral negotiations do not resume before further tariffs,

then the chances of U.S and China enter a so-called egoistic

trade war grow significantly. These announcements and

actions are difficult to unwind and it gets impossible to get

the genie back in the bottle.

Fed's balance sheet normalization would push rates higher and therefore impact its own resolve for rate hike trajectory they envision today as high rates brings in focus the prevailing high debt levels. Absent support from global turmoil due to trade wars or geopolitical concerns, Feds attempt to get ahead of its QE unwind is providing investors with a buying opportunity in gold before adversely impacting market and economy. Downside seems limited because the negative fundamentals for the market are for the most part already factored into prices.

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.

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.

Outlook

June 2018

Alternative Investments

Gold OutlookChirag Mehta - Senior Fund Manager -

World View

Data Source: Bloomberg

Scheme FeaturesType of Scheme

Category 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

Investment Options

Minimum Application Amount ( Under each Option)

Declaration of Net Asset Value (NAV)Every Business Day

Redemption Proceeds

Rs.

QUANTUM LONG TERM EQUITY VALUE 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 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%

An Open Ended Equity Scheme following a Value Investment Strategy

Value Fund

Mr. Atul Kumar ( Since November 15, 2006)

15 yrs.

Mr. Nilesh Shetty (Since March 28, 2011)

14 yrs.

March 13, 2006

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 Value Fund(An Open Ended Equity Scheme following a Value Investment Strategy)

• Long term capital appreciation• Invests primarily 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

Total Expense Ratio Direct Plan (As on month end)

Total Expense Ratio Regular Plan (As on month end)

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


S&P BSE Sensex Total Return Index


*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.#The mentioned Tax Rates shall be increased by applicable surcharge, If any, Health and Education Cess @ 4% where ever as applicable. Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes.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 VALUE FUND6 June 2018

QUANTUM LONG TERM EQUITY VALUE FUND 7

Brokerages & Commissions Details

Brokerages on Investments for ` 2,86,373.87

Distributor Commissions paid during June 2018 ` 35,369.92

June 2018

Direct Plan(`/Unit)

(as on )June 29, 2018

NAV Regular Plan(`/Unit)

Dividend Option 52.88 52.66

Growth Option 52.43 52.32

*Cumulative Daily AuM /No of days in the month

(as on )June 30, 2018

AUM`(In Crores)

Average AUM* 883.87

Absolute AUM 881.55

Quantum Long Term Equity Value Fund Performance as on June 29, 2018

^^Standard Deviation: 13.43% Beta: 0.92 Sharpe Ratio: 0.37

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.

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.

Past performance may or may not be sustained in the future. Load is not taken into consideration.Different Plans have a different expense structure.Returns are calculated on the basis of Compounded Annualized growth rate.Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch .st

SIP Performance of Quantum Long Term Equity Value Fund as on June 29, 2018 - Direct Plan - Growth Option

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

Total Amount Invested (`‘000)

Mkt Value as on June 29, 2018 (`‘000)

Returns (XIRR*) (%)

Benchmark (XIRR*) (%) S&P BSE Sensex TRI

Additional Benchmark (XIRR*) (%) Nifty 50 TRI

1,470.00 1,200.00 840.00 600.00 360.00 120.00

3,770.69 2,636.43 1,382.75 824.39 421.80 120.76

14.45 15.09 14.05 12.75 10.69 1.22

11.67 12.80 13.42 13.04 15.35 14.09

11.56 12.58 13.20 12.83 14.34 10.08

10 Years SIP

Scheme

Returns (%)

S&P BSE Sensex

TRI Returns (%)

S&P BSE Sensex

TRI Returns (`)

Nifty 50 TRI (%)

Nifty 50 TRI (`)Scheme Returns ( )`

Period

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

June 30, 2017 to June 29, 2018 (1 year)

June 30, 2015 to June 29, 2018 (3 years)




Since Inception (13th March 2006)

6.63 16.00 14.13 10,661 11,596 11,409

10.82 9.90 10.00 13,611 13,275 13,309

16.62 14.36 14.28 21,585 19,572 19,507

13.12 11.04 10.93 23,703 20,815 20,682

16.06 11.77 11.58 44,357 30,438 29,927

14.41 11.72 11.67 52,430 39,103 38,919

page no.32The 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

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

Scheme

Returns (%)

S&P BSE Sensex

TRI Returns (%)

S&P BSE Sensex

TRI Returns (`)

Nifty 50 TRI (%)


Period

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

June 30, 2017 to June 29, 2018 (1 year)

Since Inception (1st April 2017)

6.42 16.00 14.13 10,641 11,596 11,409

6.32 17.03 14.91 10,794 12,165 11,892

Regular Plan Performance


June 2018

QUANTUM LONG TERM EQUITY VALUE FUND8

Name of Instrument Quantity Market Value In Lakhs

% to Net Assets

Industry / Rating

* Cash & Cash Equivalents

Portfolio Turnover Ratio (Last one year): 12.59%

^^ thRisk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for 29 June 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 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.

Note:

Industry Allocation (% of Net Assets) as on June 30, 2018

EQUITY & EQUITY RELATED

A) Listed /Awaiting listing on the Stock Exchanges

1. Infosys Limited Software 5,12,105 6,694.24 7.592. Housing Development Finance Corporation Limited Finance 3,48,282 6,645.57 7.543. Bajaj Auto Limited Auto 2,02,108 5,679.84 6.444. Hero MotoCorp Limited Auto 1,60,666 5,580.73 6.335. Tata Consultancy Services Limited Software 2,43,736 4,503.63 5.116. ICICI Bank Limited Banks 12,50,895 3,444.96 3.917. State Bank of India Banks 12,38,589 3,212.28 3.648. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 24,12,356 3,185.52 3.619. GAIL (India) Limited Gas 9,02,910 3,072.15 3.4810. NTPC Limited Power 19,20,869 3,066.67 3.4811. Cipla Limited Pharmaceuticals 4,92,999 3,040.08 3.4512. Wipro Limited Software 11,21,989 2,934.00 3.3313. Exide Industries Limited Auto Ancillaries 11,19,956 2,892.85 3.2814. Lupin Limited Pharmaceuticals 3,01,353 2,723.63 3.0915. Power Grid Corporation of India Limited Power 13,83,168 2,584.45 2.9316. Tata Motors Limited Auto 9,26,914 2,496.18 2.8317. Oil & Natural Gas Corporation Limited Oil 15,48,367 2,452.61 2.7818. Tata Steel Limited Ferrous Metals 3,95,887 2,247.65 2.5519. LIC Housing Finance Limited Finance 3,63,299 1,702.60 1.9320. PTC India Limited Power 22,13,468 1,676.70 1.9021. Larsen & Toubro Limited Construction Project 86,632 1,104.64 1.2522. ACC Limited Cement 4,901 65.67 0.0723. Tata Steel Limited - Partly Paid Share Ferrous Metals 24,999 34.74 0.04B) Unlisted NIL NILTotal of all Equity 71,041.39 80.56MONEY MARKET INSTRUMENTS A) Treasury Bills (T-Bill)1. 364 Days Tbill (MD 13/06/2019) Sovereign 50,000 46.85 0.05Total of T-Bill 46.85 0.05B) Collateralised Borrowing & Lending Obligation (CBLO)* 17,055.36 19.35Total of Money Market Instruments 17,102.21 19.40Net Receivable/(payable) 11.45 0.04Grand Total 88,155.05 100.00

Portfolio as on June 30, 2018

June 2018

1.25%

2.59%

2.78%

3.28%

3.48%

3.61%

6.54%

7.55%

8.31%

9.47%

15.60%

16.03%

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


Ferrous Metals

Oil

Auto Ancillaries

Gas

Hotels, Resorts And Other Recreational Activities

Pharmaceuticals

Banks

Power

Finance

Auto

Software

9QUANTUM TAX SAVING FUND


Category of Scheme

An Open Ended Equity Linked Saving Scheme with a Statutory Lock in

of 3 years and Tax Benefit

Equity Linked Saving Scheme (ELSS)


Benchmark Index S&P BSE Sensex Total Return Index

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

Fund Manager’s Total Experience 15 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 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.

Taxation#

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

Product Labeling

LOW HIGH

Hig

hLo

w


High


Quantum Tax Saving Fund(An Open Ended Equity Linked Saving Scheme with a Statutory Lock in of 3 years and Tax Benefit)

• 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.

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

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

Total Experience 12 yrs.



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

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

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


Declaration of Net Asset Value (NAV)

Redemption Proceeds



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%


June 2018

QUANTUM TAX SAVING FUND10

Quantum Tax Saving Fund Performance as on June 29, 2018


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.

Brokerages & Commissions Details.

Brokerages on Investments for ` 19,019.62

Distributor Commissions paid during June 2018 ` 787.99

June 2018

Scheme

Returns (%)

Period

Quantum Tax Saving Fund - Direct Plan - Growth Option

June 30, 2017 to June 29, 2018 (1 year)




Since Inception (23rd Dec 2008)

6.75 16.00 14.13 10,674 11,596 11,409

10.97 9.90 10.00 13,665 13,275 13,309

16.67 14.36 14.28 21,634 19,572 19,507

13.16 11.04 10.93 23,766 20,815 20,682

18.90 16.25 15.81 51,980 41,947 40,449

The Scheme is Co-Managed by Mr. Atul Kumar and Mr. Sorbh Gupta. For other Schemes Managed by Mr. Atul Kumar please seeMr. Atul Kumar is the Fund Manager effective from December 23, 2008Mr. Sorbh Gupta is the Associate Fund Manager effective from October 1,2016

page no. 32


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

(as on )June 29, 2018





(as on )June 30, 2018

AUM`(In Crores)

Average AUM* 69.33

Absolute AUM 69.00

Scheme Returns ( )`

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.

SIP Performance of Quantum Tax Saving Fund as on June 29, 2018 - Direct Plan - Growth Option

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

1,140.00 840.00 600.00 360.00 120.00

2,319.56 1,385.27 825.78 422.81 120.74

14.41 14.10 12.82 10.85 1.18

12.70 13.42 13.04 15.35 14.09

12.48 13.20 12.83 14.34 10.08



Returns (XIRR*) (%)

Benchmark (XIRR*) (%) S&P BSE Sensex TRI

Additional Benchmark (XIRR*) (%) Nifty 50 TRI


S&P BSE Sensex

TRI Returns (%)

S&P BSE Sensex

TRI Returns (`)

Nifty 50 TRI (%)

Nifty 50 TRI (`)

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

Scheme

Returns (%)

S&P BSE Sensex

TRI Returns (%)

S&P BSE Sensex

TRI Returns (`)

Nifty 50 TRI (%)


Period

Quantum Tax Saving Fund - Regular Plan - Growth Option

June 30, 2017 to June 29, 2018 (1 year)


6.55 16.00 14.13 10,653 11,596 11,409

6.42 17.03 14.91 10,806 12,165 11,892



June 2018


% 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 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.

Note:

Industry Allocation (% of Net Assets) as on June 30, 2018

EQUITY & EQUITY RELATED

A) Listed /Awaiting listing on the Stock Exchanges

1. Infosys Limited Software 40,608 530.83 7.69

2. Housing Development Finance Corporation Limited Finance 27,479 524.33 7.60

3. Hero MotoCorp Limited Auto 12,694 440.93 6.39

4. Bajaj Auto Limited Auto 15,560 437.28 6.34

5. Tata Consultancy Services Limited Software 18,719 345.88 5.01

6. ICICI Bank Limited Banks 1,02,904 283.40 4.11

7. Cipla Limited Pharmaceuticals 43,345 267.29 3.87

8. State Bank of India Banks 1,02,589 266.06 3.86

9. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 1,99,097 262.91 3.81

10. NTPC Limited Power 1,64,298 262.30 3.80

11. Exide Industries Limited Auto Ancillaries 96,858 250.18 3.63

12. GAIL (India) Limited Gas 70,565 240.10 3.48

13. Lupin Limited Pharmaceuticals 25,183 227.60 3.30

14. Wipro Limited Software 86,471 226.12 3.28

15. Oil & Natural Gas Corporation Limited Oil 1,34,089 212.40 3.08

16. Tata Motors Limited Auto 72,661 195.68 2.84

17. Power Grid Corporation of India Limited Power 1,04,263 194.82 2.82

18. Tata Steel Limited Ferrous Metals 30,180 171.35 2.48

19. Larsen & Toubro Limited Construction Project 11,383 145.14 2.10

20. PTC India Limited Power 1,83,655 139.12 2.02

21. LIC Housing Finance Limited Finance 28,602 134.04 1.94

22. ACC Limited Cement 464 6.22 0.09

23. Tata Steel Limited - Partly Paid Share Ferrous Metals 1,717 2.39 0.03

B) Unlisted NIL NIL

Total of all Equity 5,766.37 83.57

MONEY MARKET INSTRUMENTS

A) Collateralised Borrowing & Lending Obligation (CBLO)* 1,125.22 16.31

Net Receivable/(payable) 8.70 0.12

Grand Total 6,900.29 100.00


11QUANTUM TAX SAVING FUNDJune 2018

Hotels, Resorts And Other Recreational Activities

2.10%

2.51%

3.08%

3.48%

3.63%

3.81%

7.17%

7.97%

8.64%

9.54%

15.57%

15.98%

0% 5% 10% 15% 20%


Ferrous Metals

Oil

Gas

Auto Ancillaries

Pharmaceuticals

Banks

Power

Finance

Auto

Software

QUANTUM EQUITY FUND OF FUNDS12

Scheme FeaturesType of Scheme An Open Ended Fund of Funds scheme Investing in Open Ended

Diversified Equity Schemes of Mutual Fund


Benchmark Index

Category of Scheme

S&P BSE 200 TRI

Fund of Funds – Domestic

Fund Manager Mr. Chirag Mehta (Since November 1, 2013)Fund Manager’s Total Experience 14 yrs.

Inception Date (Date of Allotment) July 20, 2009



Every Business Day

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.


QUANTUM EQUITY FUND OF FUNDS

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 & HUF#

Tax on Capital Gains

LOW HIGH

Hig

hLo

w


High


Quantum Equity Fund of Funds(An Open Ended Fund of Funds scheme Investing in Open Ended Diversified Equity Schemes of Mutual Funds)

• 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, . 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.

If any, Health and Education Cess @ 4% where ever as applicable


Redemption Proceeds





Investment Options

0.51% - (0.43% Management Fees + 0.08% GST (18% GST on 0.43% Management Fees)0.63% - (0.53% Management Fees + 0.10% GST (18% GST on 0.53%Management Fees)


June 2018

QUANTUM EQUITY FUND OF FUNDS 13

SIP Performance of Quantum Equity Fund of Funds as on June 29, 2018 - Direct Plan - Growth Option

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

Quantum Equity Fund of Funds Performance as on June 29, 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 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.


1,070.00 840.00 600.00 360.00 120.00

2,057.85 1,463.57 865.08 428.44 119.50

14.22 15.65 14.71 11.77 -0.80

12.89 14.41 14.02 14.24 5.99

12.13 13.42 13.04 15.35 14.09

7 Years SIP

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

Scheme

Returns (%)

Scheme

Returns (`)

Period

Quantum Equity Fund of Funds - Direct Plan - Growth Option

June 30, 2017 to June 29, 2018 (1 year)




Since Inception (20th July 2009)

7.82 12.47 16.00 10,780 11,243 11,596

10.85 11.07 9.90 13,620 13,702 13,275

19.07 16.23 14.36 23,961 21,226 19,572

13.32 11.91 11.04 24,006 21,995 20,815

14.59 12.30 11.52 33,849 28,241 26,546

page no.32, 33


Direct Plan(`/Unit)

(as on )June 29, 2018





(as on )June 30, 2018

AUM

` (In Crores)

Average AUM* 23.52

Absolute AUM 23.67

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.

S&P BSE

200 TRI

Returns (%)

S&P BSE 200 TRI

Returns (`)



Returns (XIRR*) (%)

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

Additional Benchmark (XIRR*) (%) S&P BSE Sensex TRI


Brokerages on Investments for e 2018


Jun NIL

S&P BSE Sensex TRI Returns (%)

S&P BSE Sensex TRI Returns (`)


Scheme

Returns (%)

S&P BSE 200

TRI Returns (%)

S&P BSE 200

TRI Returns (`)

S&P BSE Sensex

TRI Returns (`)

S&P BSE Sensex TRI Return (%)

Scheme Returns ( )`

Period

Quantum - Regular Plan - Growth OptionEquity Fund of Funds

June 30, 2017 to June 29, 2018 (1 year)


7.69 12.47 16.00 10,767 11,243 11,596

9.67 13.68 17.03 11,220 11,734 12,165



June 2018


% 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 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.

Note:


1. Mirae Asset India Equity Fund - Direct Plan - Growth Option 7,11,031 346.39 14.63

2. Aditya Birla Sun Life Frontline Equity Fund - Direct Plan - Growth Option 1,45,971 328.83 13.89

3. ICICI Prudential Bluechip Fund - Direct Plan - Growth Option 7,90,256 328.83 13.89

4. Franklin India Equity Fund - Direct Plan - Growth Option 53,840 325.65 13.76

5. SBI Large & Midcap Fund- Direct Plan - Growth Option 1,52,106 322.59 13.63

6. Franklin India Prima Fund - Direct Plan - Growth Option 31,647 313.42 13.24

7. L&T Mid Cap Fund - Direct Plan - Growth Option 2,18,174 308.78 13.04

Total of Mutual Fund Units 2,274.49 96.08


A) Collateralised Borrowing & Lending Obligation (CBLO)* 89.04 3.76


Grand Total 2,367.35 100.00


QUANTUM EQUITY FUND OF FUNDS14 June 2018

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

QUANTUM DYNAMIC BOND FUND 15


Category 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


Quantum Dynamic Bond Fund(An Open Ended Dynamic Debt Scheme Investing Across Duration)

• Regular income over short to medium term and capital appreciation

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

Riskometer

Product Labeling

CRISIL Composite Bond Fund Index

Mr. Pankaj Pathak (Since March 01, 2017)

8 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 Dynamic Debt Scheme Investing Across Duration

Dynamic Bond Fund

#Tax on Capital Gains Resident Individuals & HUF





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

#The mentioned Tax Rates shall be increased by applicable surcharge, Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes.


If any, Health and Education Cess @ 4% where ever as applicable.




0.67% - (0.57% Management Fees + 0.10% GST (18% GST on 0.57%Management Fees)



June 2018

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

QUANTUM DYNAMIC BOND FUND16

Scheme

Returns (%)

CRISIL Composite

Bond Fund Index

Returns (%)

CRISIL Composite

Bond Fund Index

Returns (`)

CRISIL 10 Year

Gilt Index

Returns (%) CRISIL 10 Year

Gilt Index

Returns (`)

Scheme

Returns (`)

Period

Quantum Dynamic Bond Fund - Direct Plan - Growth Option

June 30, 2017 to June 29, 2018 (1 year)


Since Inception (19th May 2015)

0.76 1.30 -3.56 10,076 10,130 9,645

8.45 7.56 5.83 12,755 12,443 11,854

8.49 7.34 5.51 12,891 12,472 11,821

Weighted Average Maturity as on June 30, 2018 (In Yrs.)

At the end of the month 1.92

Modified Duration 1.62

Portfolio Yield 7.64%


Brokerages on Investments for 11,000.00

Distributor Commissions paid during June 2018 ` 1,453.59

June 2018 `

Quantum Dynamic Bond Fund Performance as on June 30, 2018For 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.

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

Different Plans shall have different expense structure.

The scheme has been in existence for more than 3 year but has not yet completed 5 years period from inception.

page no.34


Direct Plan(`/Unit)

(as on )June 29, 2018



Monthly Dividend Option 10.0888 10.0820


(as on )June 30, 2018

AUM`(In Crores)

Average AUM* 65.40

Absolute AUM 65.01

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

25-Apr-18 NIL NIL NIL NIL

25-May-18 NIL NIL NIL NIL

25-Jun-18 NIL NIL NIL NIL


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

Period

Quantum - Regular Plan - Growth OptionDynamic Bond Fund

June 30, 2017 to June 29, 2018 (1 year)


0.66 1.30 -3.56 10,066 10,130 9,645

3.99 3.28 -1.51 10,500 10,410 9,812



Scheme

Returns (%)

CRISIL Composite

Bond Fund Index

Returns (%)

CRISIL 10 Year

Gilt Index

Returns (%)

CRISIL Composite

Bond Fund Index

Returns (`)

CRISIL 10 Year

Gilt Index

Returns (`)

Scheme

Returns (`)

June 2018

QUANTUM DYNAMIC BOND FUND 17


Portfolio as on June 30, 2018Name of Instrument Market

Value In Lakhs

% to Net Assets

Rating

DEBT INSTRUMENTS

A) Listed /Awaiting listing on Stock Exchanges

I) Bonds1. 9.25% EXIM Bank NCD (MD 12/07/2022) CRISIL AAA 510.67 7.86

2. 7.72% IRFC NCD Series 128 (MD 07/06/2019) CRISIL AAA 498.21 7.66

3. 8.32% Power Grid Corp Ltd Strp I NCD(MD 23/12/2020) CRISIL AAA 497.49 7.65

4. 6.98% NABARD NCD SR 18 G (MD 30/09/2020) CRISIL AAA 485.08 7.46

5. 7.24% RECL Ltd NCD (MD 21/10/2021) ICRA AAA 480.09 7.38

Total of Bonds 2,471.54 38.01

II) Government Securities

1. 8.27% GOI (MD 09/06/2020) Sovereign 1,520.13 23.38

2. 8.12% GOI (MD 10/12/2020) Sovereign 1,011.62 15.56

3. 7.68% GOI (MD 15/12/2023) Sovereign 88.74 1.37

4. 6.84% GOI (MD 19/12/2022) Sovereign 18.03 0.28

Total of Government Securities 2,638.52 40.59

B) Privately Placed/Unlisted NIL NIL

C) Securitized Debt Instruments NIL NIL

Total of Debt Instruments 5,110.06 78.60


A) Treasury Bills (T-Bill)

1. 364 Days Tbill (MD 13/12/2018) Sovereign 97.00 1.49

Total of T-Bills 97.00 1.49

B) Commerical Papers (CP)

Total of CPs - 0.00

C) Collateralised Borrowing & Lending Obligation (CBLO)* 1,146.27 17.63

Total of Money Market Instruments 1,243.27 19.12

Net Receivable / (Payables) 147.56 2.28

Grand Total 6,500.89 100.00

Asset Allocation (% of Net Assets)

as on June 30, 2018

Rating Profile (% of Net Asset)

as on June 30, 2018

Sovereign

AAA

CBLO & Net Receivable /CBLO & Net Receivable /

(Payable)(Payable)

Govt. Securities & Treasury Bills

Public Financial Institution

Energy

CBLO & Net Receivable / (Payable)

19.91%

Public FinancialInstitution

22.98%


19.91%

AAA38.01%

Sovereign

42.08%

& Treasury Bills,

42.08%

Govt. Securities

Energy

15.03%

June 2018


Category of Scheme

An Open Ended Liquid Scheme

Liquid Fund


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.






Indexation




20% with

Indexation






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)

` ` ` `

``

#The mentioned Tax Rates shall be increased by applicable surcharge, Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes.








QUANTUM LIQUID FUND18


June 2018

Period

Quantum Liquid Fund - Direct Plan - Growth Option

6.67 7.67 4.21 10,013 10,015 10,008

6.66 7.90 6.75 10,027 10,032 10,028

6.56 8.11 5.08 10,054 10,067 10,042

6.18 7.01 5.80 10,618 10,701 10,580

6.59 7.25 6.66 12,111 12,338 12,135

7.47 8.02 6.88 14,342 14,719 13,953

7.87 8.13 7.18 17,002 17,296 16,259

7.50 7.57 6.53 20,624 20,756 18,830

7.51 7.44 6.26 24,257 24,080 21,023

Scheme

Returns (%)

Crisil Liquid

Fund Index

Returns (%)

Crisil Liquid

Fund Index

Returns ( )`

Crisil Liquid

Fund Index

Returns ( )`

Crisil 1 year

T-bill Index

Returns (%)

Crisil 1 year

T-bill Index

Returns ( ) `

Crisil 1 year

T-bill Index

Returns ( ) `

Scheme

Returns (`)

June 23, 2018 to June 30, 2018 (7 Days)*

June 15, 2018 to June 30, 2018 (15 Days)*

May 31, 2018 to June 30, 2018 (1 Month)*

June 30, 2017 to June 30, 2018 (1 year)**

June 30, 2015 to June 30, 2018 (3 years)**




Since Inception (07th May 2006)**

Quantum Liquid Fund Performance as on June 29, 2018


Weighted Average Maturity as on June 30, 2018 (Days)

At the end of the month 47

Average during the month 47

Modified Duration 45


Brokerages on Investments for Jun

Distributor Commissions paid during ` 664.41

Portfolio Yield 6.53%

e 2018

June 2018

` 3,000.00

For other Schemes Managed by Mr. Pankaj Pathak please see

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

page no.34

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

25-Apr-18 0.03724819 0.03418762 0.03689923 0.03386733

25-May-18 0.03546169 0.03254791 0.03509400 0.03221043

25-Jun-18 0.03861617 0.03544319 0.03782084 0.03471321

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


QUANTUM LIQUID FUND 19

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

st Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch .

Period

Quantum - Regular Plan - Growth OptionLiquid Fund

June 23, 2018 to June 30, 2018 (7 Days)*

June 15, 2018 to June 30, 2018 (15 Days)*

May 31, 2018 to June 30, 2018 (1 Month)*

June 30, 2017 to June 30, 2018 (1 year)**

Since Inception (1st April 2017)**

6.61 7.67 4.21 10,013 10,015 10,008

6.60 7.90 6.75 10,027 10,032 10,028

6.50 8.11 5.08 10,053 10,067 10,042

6.12 7.01 5.80 10,612 10,701 10,580

6.08 6.93 5.63 10,765 10,874 10,708



Scheme

Returns (%)

Crisil Liquid

Fund Index

Returns (%)

Crisil 1 year

T-bill Index

Returns (%)

Crisil Liquid

Fund Index

Returns ( )`

Crisil 1 year

T-bill Index

Returns ( ) `

Scheme

Returns (`)

Direct Plan(`/Unit)

(as on )June 30, 2018


Daily Dividend Option 10.0094 10.0042


Monthly Dividend Option 10.0156 10.0158 *Cumulative Daily AuM /No of days in the month

(as on )June 30, 2018

AUM

`(In Crores)

Average AUM* 140.84

Absolute AUM 138.42

June 2018

QUANTUM LIQUID FUND20

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) Commercial Papers (CP)1. Small Ind Dev Bank of India CP (MD 23/07/2018) CRISIL A1+ 23 995.84 7.19

2. National Bank For Agri & Rural CP (MD 31/07/2018) CRISIL A1+ 31 994.24 7.18

3. Export Import Bank of India CP (MD 13/08/2018) CRISIL A1+ 44 991.96 7.17

4. NTPC Ltd CP (MD 19/09/2018) CRISIL A1+ 81 985.21 7.12

Total of CPs 3,967.25 28.66

B) Treasury Bills (T-Bill)

1. 91 Days Tbill (MD 16/08/2018) Sovereign 47 1,984.02 14.33

2. 91 Days Tbill (MD 30/08/2018) Sovereign 61 1,979.21 14.30

3. 70 Days CMB (MD 21/08/2018) Sovereign 52 1,486.73 10.74

4. 91 Days Tbill (MD 19/07/2018) Sovereign 19 996.92 7.20




Total of T-Bills 8,917.78 64.42

C) Collateralised Borrowing & Lending Obligation (CBLO)* 923.29 6.67

Total of Money Market Instruments 13,808.32 99.75

Net Receivable / (Payables) 33.57 0.25

Grand Total 13,841.89 100.00



Rating Profile (% of Net Asset) as on June 30, 2018


Govt. Securities

Public Financial Institution

Asset Allocation (% of Net Assets) as on June 30, 2018


A1+

Sovereign

CBLO & Net /(Payable)

6.92%

Receivable

A1+28.66%

Sovereign64.42%

CBLO & Net /(Payable)

6.92%

Receivable Public Financial

Institution28.66%

Govt. Securities64.42%

June 2018


Category of Scheme

An Open Ended Fund of Fund Scheme Investing in Quantum Gold Fund

Fund of Fund – Domestic


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 The exit load will be NIL for the prospective investments made on or after December 11, 2017.

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.

Growth







Indexation




20% with

Indexation






Quantum Gold Savings Fund(An Open Ended Fund of Fund Scheme Investing in Quantum Gold Fund)

• 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


#The mentioned Tax Rates shall be increased by applicable surcharge,

Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes.






0.06% - (0.05% Other Expenses + 0.01% GST (18% GST on 0.05%Other Expenses )

0.18% - (0.15% Other Expenses + 0.03% GST (18% GST on 0.15%Other Expenses )

QUANTUM GOLD SAVINGS FUND 21


June 2018

Scheme

Returns (%)

Scheme (`)

Period

Quantum Tax Saving Fund

Scheme

Returns (%) Domestic

Price of Gold

Returns (%) Domestic Price of Gold Returns (`)

Scheme Returns (`)

Period

Quantum Gold Savings Fund - Direct Plan

June 30, 2017 to June 29, 2018 (1 year)



Since Inception (19th May 2011)

4.70 5.12 10,469 10,511

3.18 4.15 10,984 11,297

2.41 3.61 11,265 11,944

3.29 4.62 12,596 13,791

Quantum Gold Savings Fund Performance as on June 29, 2018For 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 in Scheme Return Calculation.




page no.32, 33

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.


Brokerages on Investments for ` 10,521.46


June 2018

SIP Performance of Quantum Gold Savings Funds as on June 29, 2018 - Direct Plan

Since Inception SIP 3 Years SIP 1 Year SIP



Returns (XIRR*) (%)

Benchmark (XIRR*) (%)Domestic Price of Gold

850.00 600.00 360.00 120.00

869.26 619.40 372.87 121.93

0.63 1.26 2.32 3.09

1.85 2.53 2.92 3.87

5 Years SIP

Direct Plan(`/Unit)

(as on )June 29, 2018




(as on )June 30, 2018

AUM` (In Crores)

Average AUM* 14.21

Absolute AUM 14.22


22 QUANTUM GOLD SAVINGS FUND


Period

Quantum - Regular Plan Gold Savings Fund

June 30, 2017 to June 29, 2018 (1 year)


4.57 5.12 10,456 10,511

2.67 3.89 10,334 10,487



Scheme

Returns (%)

Domestic

Price of Gold

Returns (%)

Domestic Price of Gold Returns (`)

Scheme Returns (`)

June 2018


^^ 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 June 30, 2018

Units of Quantum Gold 99.85%

Fund

Units of Quantum Gold Fund


CBLO & Net Receivable / 0.15%

(Payable)


% to Net Assets

A) EXCHANGE TRADED FUND UNITS1. Quantum Gold Fund 1,05,176 1,419.82 99.85

Total of Exchange Traded Funds 1,419.82 99.85

B) MONEY MARKET INSTRUMENTS

1. Collateralised Borrowing & Lending Obligation (CBLO)* 2.52 0.18

Net Receivable/(payable) -0.38 -0.03

Grand Total 1,421.96 100.00



QUANTUM GOLD SAVINGS FUND 23June 2018

Scheme FeaturesType of Scheme An Open Ended Fund of Funds Scheme Investing in schemes of

Quantum Mutual Fund


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

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

Fund Manager’s Total Experience 14 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


Fund Manager Mr. Nilesh Shetty (Since July 11, 2012)Total Experience 14 yrs






Indexation




20% with

Indexation












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 )

24 QUANTUM MULTI ASSET FUND


Quantum Multi Asset Fund(An Open Ended Fund of Funds Scheme Investing in schemes of Quantum Mutual Fund)

• 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

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High


Category of Scheme Fund of Funds – Domestic


June 2018

QUANTUM MULTI ASSET FUND 25

Direct Plan(`/Unit)

(as on )June 29, 2018



Scheme (`) S&P BSE- 30

TRI (RS.) #Quantum Tax Saving Fund

Scheme

Returns (%)

Benchmark

Returns (%) #

Benchmark

Returns (`) #

Scheme

Returns (`)

Period

Quantum Multi Asset Fund - Direct Plan

June 30, 2017 to June 29, 2018 (1 year)




6.26 8.82 10,625 10,880

8.23 8.28 12,677 12,696

10.44 10.14 16,438 16,216

9.64 9.58 17,331 17,267

SIP Performance of Quantum Multi Asset Fund as on June 29, 2018 - Direct Plan

Since Inception SIP 3 Years SIP5 Years SIP

Quantum Multi Asset Fund Performance as on June 29, 2018

^^Standard Deviation: 4.87% Beta: 0.75 Sharpe Ratio:0.37Past 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 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


Brokerages on Investments for

Distributor commissions paid during June 2018 329.45

June 2018 ` 4,729.39

`



Returns (XIRR*) (%)

Benchmark (XIRR*) (%) #

710.00 600.00 360.00 120.00

926.16 745.62 406.06 122.77

8.93 8.68 8.07 4.46

9.31 9.30 9.71 7.28

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

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.


page no.32, 33


(as on )June 30, 2018

AUM

`(In Crores)

Average AUM* 14.92

Absolute AUM 15.31


Past performance may or may not be sustained in the future. Load is not taken into consideration.Different Plans have a different expense structure.Returns are calculated on the basis of Compounded Annualized growth rate.

stRegular plan launched on 1 April 2017 but not yet completed 3 years period since its launch .# Crisil Composite Bond Fund Index (40%)+ S&P BSE SENSEX Total Return Index (40%)+ Domestic price of gold (20%)

Scheme

Returns (%)

Scheme Returns ( )`

Period

Quantum - Regular Plan Multi Asset Fund



June 30, 2017 to June 29, 2018 (1 year)


6.19 8.03 10,617 10,801

6.28 8.95 10,789 11,128

Benchmark

Returns (%) #

Benchmark

Returns (`) #

June 2018

^^ Note:Risk Free Rate assumed to be 6.25% (FBIL Overnight MIBOR for ) 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 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-adjustedperformance has been.

th29 June 2018



% to Net Assets

A) MUTUAL FUND UNITS1. Quantum Liquid Fund - Direct Plan Growth Option 29,70,739 720.50 47.05

2. Quantum Long Term Equity Value Fund - Direct Plan Growth Option 8,12,116 425.79 27.80

3. Quantum Dynamic Bond Fund - Direct Plan Growth Option 8,33,789 107.48 7.02

Total of Mutual Fund Units 1,253.77 81.87

B) EXCHANGE TRADED FUND UNITS

1. Quantum Gold Fund 17,052 230.19 15.03

2. Quantum Nifty ETF 2,670 28.90 1.89

Total of Exchange Traded Fund Units 259.09 16.92

Total (A+B) 1,512.86 98.79




Grand Total 1,531.49 100.00


26 QUANTUM MULTI ASSET FUND June 2018


Category of Scheme

An Open Ended Scheme Replicating / Tracking Gold

Exchange Traded Fund


Benchmark Index Domestic Price of Physical Gold

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

Fund Manager’s Total Experience 14 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.






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 Scheme Replicating / Tracking Gold)

• Long term returns• Investments in physical gold.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High




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


Current Total Expense Ratio (As on month end)



27QUANTUM GOLD FUND


June 2018

28 QUANTUM GOLD FUND

Scheme

Returns (%)

Benchmark

Returns (%) #

Additional

Benchmark

Returns (%) ##

Scheme (`) S&P BSE- 30

TRI (RS.) #

Period

Quantum Tax Saving Fund

June 30, 2017 to June 29, 2018 (1 year)





Since Inception (22nd Feb 2008)

Scheme

Returns (%)

Domestic

price of Gold

Returns (%)

Domestic

price of Gold

Returns (`)

Scheme

Returns (`)

Period

Quantum Gold Fund

4.08 5.12 10,407 10,511

3.06 4.15 10,946 11,297

2.56 3.61 11,347 11,944

3.54 4.60 12,756 13,697

7.68 8.77 20,969 23,194

8.28 9.06 22,801 24,566

Quantum Gold Fund Performance as on June 29, 2018For other Schemes Managed by Mr Chirag Mehta please see Mr. Chirag Mehta is the Fund Manager effective from May 01,2009.


page no.32, 33



^^Tracking Error :0.098%

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



Brokerages & Commissions Details


Distributor Commissions paid during June 2018 NIL

June 2018 NIL

Portfolio Turnover Ratio (Last one year): 1.11%Asset Allocation (% of Net Assets) as on June 30, 2018

CBLO

GOLD

CBLO

Net Receivables / (Payable)99.78%

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)-0.26%0.48%

Name of Instrument Market Value In Lakhs

% to Net Asset

Quantity



(as of June 30, 2018)

AUM` (In Crores)

Average AUM* 54.70

Absolute AUM 54.02

( /Unit)`(as on )June 29, 2018

NAV

Growth Option 1351.7868

GOLD1. 1 KG Bar (995 fineness) 177 5,374.19 99.49

2. 100 Gms Bar (999 fineness) 5 15.24 0.28

Total of Gold 5,389.43 99.78



Net Receivable/(payable) -13.72 -0.26

Grand Total 5,401.58 100.00

June 2018


Category of Scheme

An Open Ended Scheme Replicating / Tracking Nifty 50 Index

Exchange Traded Fund


Benchmark Nifty 50 TRI

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


Taxation#


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

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

companies in Nifty 50 Index.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High




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


Current Total Expense Ratio (As on month end)


0.09% - (0.08% Management Fees + 0.014% (18% GST on

QUANTUM NIFTY ETF 29

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%

0.08% Management Fees)


June 2018


Quantum Nifty ETF Performance as on June 29, 2018Mr. Hitendra Parekh is the Fund Manager effective from July 10, 2008.


Scheme

Returns (%)

Scheme

Returns ( ) `

Nifty 50 Total

Returns Index (%)

Nifty 50 Total

Returns Index ( )`

S&P BSE Sensex TRI (%)

S&P BSE Sensex TRI (`)

Period

Quantum Nifty ETF

June 30, 2017 to June 29, 2018 (1 year)





14.00 14.34 16.26 10,553 11,409 11,596

9.94 10.22 10.08 12,257 13,309 13,275

14.65 14.92 14.98 17,890 19,507 19,572

10.84 11.07 11.16 18,916 20,682 20,815

11.29 11.28 11.41 26,957 29,036 29,375



% to Net Assets

Industry+

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

1. HDFC Bank Limited Banks 2,164 45.63 10.242. Reliance Industries Limited Petroleum Products 3,630 35.30 7.923. Housing Development Finance Corporation Limited Finance 1,763 33.64 7.554. Infosys Limited Software 2,007 26.24 5.895. ITC Limited Consumer Non Durables 9,011 23.99 5.396. Tata Consultancy Services Limited Software 1,046 19.33 4.347. Kotak Mahindra Bank Limited Banks 1,400 18.80 4.228. ICICI Bank Limited Banks 6,748 18.58 4.179. Larsen & Toubro Limited Construction Project 1,295 16.51 3.7110. Maruti Suzuki India Limited Auto 140 12.36 2.7711. Hindustan Unilever Limited Consumer Non Durables 750 12.31 2.7612. IndusInd Bank Limited Banks 536 10.36 2.3313. State Bank of India Banks 3,898 10.11 2.2714. Axis Bank Limited Banks 1,805 9.22 2.0715. Mahindra & Mahindra Limited Auto 979 8.79 1.9716. Yes Bank Limited Banks 1,935 6.57 1.4817. Sun Pharmaceutical Industries Limited Pharmaceuticals 1,159 6.54 1.4718. Asian Paints Limited Consumer Non Durables 473 5.98 1.3419. Bajaj Finance Limited Finance 249 5.72 1.2820. HCL Technologies Limited Software 585 5.42 1.2221. Bharti Airtel Limited Telecom - Services 1,385 5.29 1.1922. NTPC Limited Power 3,290 5.25 1.1823. Tata Motors Limited Auto 1,940 5.22 1.1724. Hero MotoCorp Limited Auto 137 4.76 1.0725. Oil & Natural Gas Corporation Limited Oil 2,964 4.69 1.0526. Tata Steel Limited Ferrous Metals 817 4.64 1.0427. Vedanta Limited Non - Ferrous Metals 1,952 4.61 1.0428. Power Grid Corporation of India Limited Power 2,362 4.41 0.9929. Tech Mahindra Limited Software 658 4.31 0.9730. Grasim Industries Limited Cement 414 4.17 0.9431. UltraTech Cement Limited Cement 109 4.16 0.9332. Bajaj Auto Limited Auto 143 4.02 0.9033. Eicher Motors Limited Auto 14 4.00 0.9034. Indiabulls Housing Finance Limited Finance 341 3.90 0.8735. Titan Company Limited Consumer Durables 438 3.85 0.86


Past performance may or may not be sustained in the future. thDividend of Rs. 80 was declared on 9 March 2018. Scheme return calculated above is inclusive of dividend amount.


^^Tracking Error :0.058%


June 2018


^^ 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): 35.09%Industry Allocation (% of Net Assets) as on June 30, 2018


36. Bajaj Finserv Limited Finance 63 3.67 0.8237. Coal India Limited Minerals/Mining 1,369 3.62 0.8138. Hindalco Industries Limited Non - Ferrous Metals 1,532 3.53 0.7939. Indian Oil Corporation Limited Petroleum Products 2,243 3.50 0.7940. Cipla Limited Pharmaceuticals 532 3.28 0.7441. GAIL (India) Limited Gas 923 3.14 0.7142. Zee Entertainment Enterprises Limited Media & Entertainment 575 3.13 0.7043. Wipro Limited Software 1,188 3.11 0.7044. Bharat Petroleum Corporation Limited Petroleum Products 820 3.06 0.6945. Dr. Reddy's Laboratories Limited Pharmaceuticals 127 2.84 0.6446. Adani Ports and Special Economic Zone Limited Transportation 739 2.76 0.6247. Bharti Infratel Limited Telecom - Equipment & Accessories 893 2.68 0.6048. UPL Limited Pesticides 386 2.39 0.5449. Lupin Limited Pharmaceuticals 251 2.27 0.5150. Hindustan Petroleum Corporation Limited Petroleum Products 784 2.03 0.4651. Tata Steel Limited - Partly Paid Share Ferrous Metals 55 0.08 0.02B) Unlisted NIL NILTotal of all Equity 443.77 99.63MONEY MARKET INSTRUMENTS A) Collateralised Borrowing & Lending Obligation (CBLO)* 0.79 0.18Net Receivable/(payable) 0.87 0.19Grand Total 445.43 100.00



Distributor Commissions paid during June 2018 NIL

June 2018 ` 48.73


AUM

` (In Crores)

Average AUM* 4.46

Absolute AUM 4.45

( /Unit)`(as on )June 29, 2018

NAV

Growth Option 1082.5720

(as on )June 30, 2018

June 2018

Telecom - Equipment & Accessories 0.63%0.63%0.67%0.68%0.76%0.88%0.97%1.11%1.20%1.28%

2.03%2.12%2.37%

3.17%4.08%

9.27%9.51%

9.91%10.28%

12.67%25.66%

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

PesticidesGas

TransportationMedia & Entertainment

Minerals/MiningConsumer Durables

Ferrous MetalsOil

Telecom - ServicesCement

Non - Ferrous MetalsPower

PharmaceuticalsConstruction Project

AutoConsumer Non Durables

Petroleum ProductsFinance

SoftwareBanks


Mr. Atul Kumar effective from November 15, 2006

Mr. Nilesh Shetty effective from March 28, 2011

SCHEME PERFORMANCE - FUND MANAGER - WISE32 June 2018

SCHEME PERFORMANCE - FUND MANAGER-WISE

ATUL KUMAR / NILESH SHETTY

QUANTUM LONG TERM EQUITY VALUE FUND

ATUL KUMAR / SORBH GUPTA

QUANTUM TAX SAVING FUND

Name of Instrument




Mr. Atul Kumar manages 2 schemes , Mr. Sorbh Gupta co-manages 1 scheme of the Quantum Mutual Fund.stRegular plan launched on 1 April 2017 but not yet completed 3 years period since its launch .




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

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

stRegular plan launched on 1 April 2017 but not yet completed 3 years period since its launch .

Mr. Atul Kumar effective from December 23, 2008

Mr. Sorbh Gupta effective from October 1, 2016

CHIRAG MEHTA NILESH SHETTY /

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




Mr. Atul Kumar & Mr. Nilesh Shetty co-manages 2 schemes of Quantum Mutual Fund.stRegular plan launched on 1 April 2017 but not yet completed 3 years period since its launch .


Period

6.75 16.00 10.97 9.90 16.67 14.36Quantum Tax Saving Fund - Direct Plan - Growth Option

Quantum Tax Saving Fund - Regular Plan - Growth Option

6.63 16.00 10.82 9.90 16.62 14.36

6.42 16.00 NA NA NA NA

6.55 16.00 NA NA NA NA

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

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

SchemeReturn %

BenchmarkReturn (%)#



Period

SchemeReturn %

SchemeReturn %

SchemeReturn %

6.26 8.82 8.23 8.28 10.44 10.14Quantum Multi Asset Fund - Direct Plan

Quantum Multi Asset Fund - Regular Plan 6.19 8.03 NA NA NA NA

Period

SchemeReturn %

BenchmarkReturns (%) #



SchemeReturn %

SchemeReturn %

Period

SchemeReturn %

SchemeReturn %

SchemeReturn %

June 30, 2017 to June 29, 2018 (1 year)



June 30, 2017 to June 29, 2018 (1 year)



June 30, 2017 to June 29, 2018 (1 year)






SchemeReturn %

SchemeReturn %

SchemeReturn %

S&P BSE SensexTRIReturn (%)



QUANTUM MULTI ASSET FUND

SCHEME PERFORMANCE - FUND MANAGER - WISE 33

CHIRAG MEHTA

CHIRAG MEHTA

CHIRAG MEHTA

Name of InstrumentName of Instrument

4.70 5.12 3.18 4.15 2.41 3.61Quantum Gold Savings Funds - Direct Plan

Quantum Gold Savings Funds - Regular Plan

Mr. Chirag Mehta effective from May 19, 2011.


4.08 5.12 3.06 4.15 2.56 3.61Quantum Gold Fund (ETF)

Mr. Chirag Mehta effective from May 01, 2009.

QUANTUM EQUITY FUND OF FUNDS

QUANTUM GOLD FUND

QUANTUM GOLD SAVINGS FUND

Name of Instrument

7.82 12.47 10.85 11.07 19.07 16.23Quantum Equity Fund of Funds - Direct Plan - Growth Option

Quantum Equity Fund of Funds - Regular Plan - Growth Option

Mr. Chirag Mehta effective from November 1, 2013.

Period

SchemeReturn %

SchemeReturn %

SchemeReturn %

SchemeReturn %

SchemeReturn %

SchemeReturn %

Domestic price of Gold

Return (%)


Return (%)


Return (%)


Return (%)


Return (%)


Return (%)

Period

Period

SchemeReturn %

SchemeReturn %

SchemeReturn %

S&P BSE 200 TRI (%)

S&P BSE 200 TRI (%)

S&P BSE 200 TRI (%)




Mr. Chirag Mehta manages 4 schemes of the Quantum Mutual Fund.stRegular plan launched on 1 April 2017 but not yet completed 3 years period since its launch .



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





Mr. Chirag Mehta manages 4 schemes of the Quantum Mutual Fund.stRegular plan launched on 1 April 2017 but not yet completed 3 years period since its launch .

4.57 5.12 NA NA NA NA

7.69 12.47 NA NA NA NA

June 2018

June 30, 2017 to June 29, 2018 (1 year)



June 30, 2017 to June 29, 2018 (1 year)



June 30, 2017 to June 29, 2018 (1 year)



SCHEME PERFORMANCE - FUND MANAGER - WISE34

QUANTUM DYNAMIC BOND FUND


Period

SchemeReturn %





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.stRegular plan launched on 1 April 2017 but not yet completed 3 years period since its launch .

Mr. Pankaj Pathak effective from March 01, 2017

QUANTUM LIQUID FUND

PANKAJ PATHAK

PANKAJ PATHAK





Mr. Pankaj Pathak manages 2 schemes of the Quantum Mutual Fund.stRegular plan launched on 1 April 2017 but not yet completed 3 years period since its launch .

Mr. Pankaj Pathak effective from March 1, 2017


Period

0.76 1.30 NA NA8.45 7.56

0.66 1.30 NA NA NA NA

SchemeReturn %

SchemeReturn %

SchemeReturn %

CRISIL Composite Index Bond Fund

Return (%)


Return (%)


Return (%)

Quantum Dynamic Bond Fund - Direct Plan - Growth Option

Quantum Dynamic Bond Fund - Regular Plan - Growth Option


Period

SchemeReturn %

SchemeReturn %

SchemeReturn %

Crisil Liquid Fund Index Return (%)



Quantum Liquid Fund - Direct Plan - Growth Option

Quantum Liquid Fund - Regular Plan - Growth Option

6.18 7.01 6.59 7.25 7.47 8.02

6.12 7.01 NA NA NA NA

June 2018

June 30, 2017 to June 29, 2018 (1 year)



June 30, 2017 to June 29, 2018 (1 year)



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 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.

SCHEME PERFORMANCE - FUND MANAGER - WISE 35June 2018

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 ` 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.

Want To Have The Latest Information About Us?

Registered Office: Quantum Asset Management Company Pvt Ltd.

th7 Floor, Hoechst House, Nariman Point, Mumbai - 400 021Corporate Identity Number(CIN): U65990MH2005PTC156152

The Factsheet Published as on 13 July 2018

Statutory Details & Risk FactorsSTATUTORY DETAILS & RISK FACTORS

SCHEME PERFORMANCE - FUND MANAGER - WISE36 June 2018

https://invest.quantumamc.com/online

mailto:[email protected]


Quantum Factsheet June 2018 Combine · near 8.6% and similar 3 year bond is at 8.5%. The Indian...

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Transcript of Quantum Factsheet June 2018 Combine · near 8.6% and similar 3 year bond is at 8.5%. The Indian...