QUANTUM LONG TERM EQUITY VALUE FUND - QLTEVF 08 · QUANTUM VIEW 03 QUANTUM LONG TERM EQUITY VALUE FUND - QLTEVF 08 QUANTUM TAX SAVING FUND - QTSF 12 QUANTUM EQUITY FUND OF FUNDS -

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CONTENTS PAGE NO.

QUANTUM VIEW 03

QUANTUM LONG TERM EQUITY VALUE FUND - QLTEVF 08

QUANTUM TAX SAVING FUND - QTSF 12

QUANTUM EQUITY FUND OF FUNDS - QEFOF 16

QUANTUM DYNAMIC BOND FUND - QDBF 20

QUANTUM LIQUID FUND - QLF 24

QUANTUM GOLD SAVINGS FUND - QGSF 28

QUANTUM MULTI ASSET FUND - QMAF 32

QUANTUM GOLD FUND - QGF 35

QUANTUM NIFTY ETF - QNIFTY 38

SCHEME PERFORMANCE - FUND MANAGER WISE 41

HOW TO READ THE FACTSHEET 44

STATUTORY DETAILS & RISK FACTORS 45

CONTACT US 45

INDEX

QUANTUM VIEW FOR December 2018

2018 turned out to be an eventful year for economy and stock markets. In the beginning, equity markets were pretty complacent. This changed as the year progressed with volatility rising especially in the latter half of the year. Long term capital gain tax was introduced in Union Budget for equities, move not welcome by markets.

Indian economy faced headwinds during the year. Crude oil rose to c85$/barrel. Inflation touched 5% levels. RBI raised interest rates twice during the year, after a 4 year pause. Indian rupee saw a sharp depreciation, similar to other economies as US dollar strengthened. The macroeconomic benefits that India reaped over the past 3 years seemed to reverse.

However, crude prices have cooled as we come to end of the year. Economic sanction on Iran was among the drivers of crude prices. As India is exempted from the sanctions for 6 months, there has been a respite on macro front. Keeping with high gyrations, crude oil price has crashed to c50$/bbl. Inflation has also come down to very low levels. Low food prices have contributed to subdued inflation, which can be temporary. Many market participants now are looking at lower interest rates.

Economy does face challenges on fiscal deficit, as tax collections remain lower in GST era. With elections around the corner, agriculture and rural spending remains the focus of Government. Desperation to get funds for spending, among few other issues also led to spat with RBI. This culminated into resignation by the Governor of Indian Central bank.

Central bank of US played a crucial role in setting expectations for the global financial markets. Interest rates were hiked 4 times in the course of year by US Fed. Unemployment there has fallen to very low levels and economy continues to do well. This had impact of dollar liquidity waning and many emerging market stock markets took a beating. Fed later clarified that interest rates there are just below normal. Markets were relieved and now expect lesser rate hikes in 2019.

Tightening of interest rates in the US and other developed markets are likely to lead to decline in equities markets in emerging markets including India. As western investors get higher interest rates in home economy, they would be less willing to take risk outside. Eurozone could also raise interest rates going ahead. US is also shrinking its balance sheet, which had expanded post financial crisis in 2008. This leaves Japan as one which may continue following loose monetary policy.

Trade deficit and jobs moving overseas, which was a major election issue for President Trump came to roost in 2018. US and China fought each other with tariffs and counter-tariffs. This particularly hurt the Chinese economy as it runs a trade surplus. Its stock markets fell by c25% in 2018. As expected, India has been relatively insulated from US tariff/visa issues. There were fears in 2016 since Trump election that Indian IT firms will be impacted significantly. Measures taken since then weren’t as harsh as expected and most IT companies adapted their business model.

Corporate earnings have been recovering in India. However, markets were expecting earning of Sensex companies to grow at c20% in FY19. Progress so far suggests actual delivery to be much lower, touching early teens. Private companies aren’t investing in capacity expansion yet. While capacity utilization in the economy has touched 75%, many companies are still awaiting election results and new party at government before committing capital expenditure.

We expect corporate profitability to pick up significantly in future and achieve growth closer to market expectations. Many companies will reach optimum capacity and have pricing power as new production facilities will take months to fruition since committing to them. So far corporate profit has eluded investors for past 4 years.

2018 will also be remembered for IL&FS saga, which created much upheaval in financial and money market. Default by IL&FS on debt, considered by many as quasi government company, took all by surprise. Many banks and mutual funds who lent to the former were trapped. This followed news of another MF selling a NBFC co. paper at discount triggering fears of default by a number of private companies.

Many NBFCs were running mismatch on asset liability duration. Markets faced liquidity crunch and were gripped by fear that many may not be able to roll over their short term debt. Stocks of many NBFC and sectors depending on consumer finance (autos, 2 wheeler, etc) took a beating in September and October. Situation on the liquidity front has improved much since then. Many took recourse to selling their advances as means to free their balance sheet. Other sources of funds such as bank lending, higher tenor debentures also opened up.

Valuation of Indian stocks saw a decent correction in 2018 led by events of September and October. Many sectors which were valued quite richly by investors saw a return to normal levels. Risk adjusted returns for equities look much favourable now than they were in year before. Companies raising money through IPO was much lower than in 2017, which was a record year. 311 Bn INR was raised in 2018 by investment bankers for IPO as compared to 671 Bn INR in 2017.

S&P BSE Sensex gained 7.4% in 2018 (total return index), much lower than 29.6% in year before. S&P BSE Mid cap and Small cap indices faced significant pressure during the year. 12.5% and 23.1% was the decline in Mid cap and small cap indices respectively. These indices were performing much better than BSE Sensex for 4 years consecutively and correction was long due.

Among sectors, IT did extremely well. Apart from visa/immigration worries waning, companies saw good orders as clients were more willing to spend. FMCG and banking were other sectors that gave positive returns. Telecom and real estate were among the biggest drags during the year. Intense competition among players has dented into business model of telcos.

FIIs were net sellers in Indian equities in 2018, pulling out USD 4.38 Bn. Retail investors continued to show faith in Indian growth story. Retail flows have been very strong since 2014, when incumbent government was voted to power. Net equity money by investors in MFs was Rs 1,239 Bn (USD 17.7 Bn) in 11 months of 2018, similar to last year but much above past history.

We remain long term bulls on the Indian economy and equities. It is likely to be one of fastest growing economies in the world for many years to come. Consumption and infrastructure investments are themes for India which have long legs. Being a domestic consumption led economy, India is well protected from any global problems. Fall in markets in past months gave us an opportunity to deploy significant part of our cash, after a long wait. Retail investors should continue to invest through systematic plans given that our portfolio offers a reasonable upside. Those with under-allocation to equities can consider putting lump sum to take advantage.

Data Source: Bloomberg

Equity OutlookAtul Kumar- Head - Equity Funds

3

December 2018

Bond markets to face another year of Extreme Uncertainties

After riding a roller coaster in 2017 and 2018 the bond markets are likely to face another year of extreme uncertainty in 2019 as well. Domestic inflation trajectory, political developments, crude oil prices and global rates may continue to defy any market expectations of stability.

Bond yields have been on declining trend since mid-September 2018 following a sharp decline in crude oil prices, muted inflation trend and an aggressive OMO (government bond) purchases by the RBI. Moreover, the change in RBI’s top management has also set an optimistic tone (easy liquidity; rate cuts) in the market going into the New Year.

We acknowledge the recent improvements in the macroeconomic environment especially from the lower oil prices and softer global climate. But we see an increased uncertainty around the interest rate cycle emanating from (1) potential populist policy measures by the government to address rural distress, (2) sharp reversal in food prices and consequently in overall inflation, (3) uncertainty on crude oil prices and (4) political developments (uncertainty) around 2019 elections.

The CPI inflation has been on declining trend throughout 2018. But the internal components of the CPI basket had shown a divergent trend. While the food price had been declining sharply which pulled down the headline CPI, the non-food CPI basket continued to move higher. The government sharply raised the minimum support prices (MSP) on various food items but till now it has failed to revive prices in the agricultural market.

The current level of food inflation looks unsustainable for the agricultural economy; however if it continues it can further aggravate the rural distress. This can also derail the government’s electoral promise of doubling the farm income by 2022. Given the rural influence in electoral outcomes, the government policies may also be shaped to push up the food prices.

4

Debt OutlookPankaj Pathak - Fund Manager - Fixed Income

December 2018

Chart-III: Food Prices shows that farmer distress is for real

Chart-I: India bonds gyrate with Oil Prices Chart-II: Is this Indian QE?

Chart-III: Food Prices shows that farmer distress is for real Chart-IV: BJP lost in 2004 on farmer angst, can they afford to ignore now?

5

December 2018

Looking into the political campaigns for state assembly elections in the last two years, it is clearly evident that the populist spending in the rural economy is going to increase substantially in the form of farm loan waivers, income support schemes and/or other market intervention mechanism. These steps will boost the rural consumption going forward but will also put an upward pressure on the inflation cycle over the period. Additionally it will also require some reduction in capital expenditure budget and increase in fiscal deficit for states and the central governments. Indian governments have very high share of committed expenditure, like Salaries, Interest repayments, Subsidies and hence any increase in such populist schemes prior to elections should ideally lead to higher fiscal deficit.

Apart from the worries on inflation and fiscal, the uncertainty in the global crude oil market may also continue. A sharp move in any direction can have a significant impact on the inflation trajectory and on the direction of the Indian Rupee.

Though we do not expect CPI inflation to move higher into an alarming zone but there are significant upside risks to the current trajectory.

The RBI in its latest monetary policy review had lowered its inflation forecast for the next year and also hinted towards a potential rate cut if inflation continues to remain low. The new RBI governor Mr. Shaktikanta Das in his initial comments seemed a lot more growth focused to us and we believe he will add a dovish (easing) tilt into the monetary policy committee (MPC). There is thus a reasonable probability of reduction in policy repo rates by 25-50 basis points in next two quarters. However, we believe the uncertainty around the future inflation trajectory will pose a challenge in front of the MPC while setting the policy rates.

The bond markets will also be watchful of the developments over the RBI’s conflict with the government about its capital reserves position and request for surplus transfer to the government. The impact on the bond markets will be dependent on the modality of excess reserves transfer, if any.

In near term bond yields may dip from the current levels in expectation of easier monetary policy. But considering the heightened uncertainties, we are cautious on the interest rate cycle over medium term and do not expect yields to fall and sustain substantially lower than current levels. We still see higher chance of rebound in the inflation readings and due to the likely compromise on fiscal targets by states and central government.

The global situation also remains uncertain with concerns on the escalating trade war, global growth and on expectations of interest rate and liquidity changes by the central banks of US, EU and other developed market central banks.

In 2019, for the first time since 2009, global central banks will tighten liquidity (Quantitative Tightening - QT) as against Quantitative Easing (QE). This is likely to have impact on global markets including India. Although, the Indian economy may not be impacted, but Indian Rupee, Equities and bonds will get impacted on foreign flows if global markets turn negative.

Chart-V: Low Rural wages – Are they signs ofincreased unemployment?

Source- CMIE Source- Bloombergquint report

Table 1: Farm Economics is good politics?

Chart-VI: From QE to QT Chart-VII: Will Foreign investments revive in 2019?

Karnataka 44,000 Madhya Pradesh 38,000 Uttar Pradesh 36,000 Maharashtra 3,400 Chhattisgarh 6,100 Tamil Nadu 1,800 Punjab 1,500 Andhra Pradesh 3,600 Telangana 300 Assam 650

States Farm Loan Waiver (Rs. Crore)

The Year Gone by2018 has been a choppy year for gold. Although ending lower for the year with its fair share of ups and downs, broadly speaking gold’s held well given that dollar gained about 9% from the lows and commodities collapsed. Gold which traditionally does well in times of political uncertainty has a lot going for it. But gold prices have largely struggled this year as the market has had to readjust its expectations of Federal Reserve policy and its resulting impact in form of a stronger U.S Dollar. Investors have flocked to the U.S. where tax cuts and deregulation have sparked a pick-up in economic growth. This stability in the U.S. economy comes as sluggish growth and a loss of momentum are taking hold elsewhere, making U.S. Treasuries and the dollar the main focus on investor attraction.

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 dipping below the $1200 an ounce levels in mid-2018. It’s been trading sideways 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 with respect to Trumps unpredictability surrounding decisions still have investors place their bets in dollar for now as opposed to the yellow metal.

Given the recent pessimism on outlook for growth in the U.S and other parts of the globe and the fact that Fed can only showcase limited aggression in such a decelerating economic environment, gold has attracted some buying as equity markets now look shaky. Although, prices have recovered from the lows, gold will still end the year with a loss of -3% for the year 2018.

Outlook

US Economy to slowdownUS economic growth momentum continues on the back of tax cuts, fiscal stimulus and strong business and consumer confidence. However, there are now some definite signs of slowing and the momentum will certainly fade in the course of 2019 with rising interest rates, further Fed quantitative tightening and as the fiscal stimulus will have run its course. The impact of tightening is now really beginning to kick in, which is not so surprising with the Fed balance sheet having already shrunk by US$383bn since the commencement of the asset reduction plan in October 2017 and on course, under the current schedule, to shrink another US$50bn a month. It is important to look beyond the front-end-loaded impact on the data of tax reform to assess the cyclical threat posed by ongoing monetary tightening. Traditional sectors like housing and autos are well under pressure and will prove a big drag on the economy. The deflationary trend will sooner or later reassert itself as the cyclical momentum succumbs to prevailing high debt levels and higher interest rates. With further slowdown, it’s highly expected that Trump in a bid to revive the economy will fire his second bazooka, his infrastructure agenda. But, his practical ability to do so has been significantly diminished by the outcome of the November mid-term elections. A lack of policy momentum resulting from the loss of House control, hence an inability to enact proactive policy to counter the looming fiscal cliff will be something that the markets will be seriously concerned.

Fed may overtighten only to take a U-turnThe Fed will continue along the lines of what it has been saying. Despite evidence of a slowing economy, it will be hard for it to stop tightening so long as measures of core CPI and wages appear to be trending up. There’s really not an impetus for the Fed to halt what it has been doing as it seeks to rebuild credibility. The Fed has raised rates to 2.5% and the “dots chart” now guides for two more rate increases in 2019 to 3%. Adopting to continue to unwind the balance sheet, the Fed suggests that they are less worried on growth and more concerned to stop the economy from overheating.

The difference between short-term and long-dated Treasury yields has been constantly narrowing. If short-term yields move above the long-end of the curve it will end up in what is known as an inverted yield curve. As the Fed continues to tighten in 2019, there is a clear risk that Fed tightens much more than the economy can handle as the underlying cyclical recovery is largely fueled by stimulus, tax cuts and cheap liquidity. The inverted yield curve with potentially put further brakes on economic expansion and undermine confidence and investments. This will have a profound impact on asset markets as this will fuel debate on recession and markets start pricing in a more pessimistic growth outlook than the Fed as it believes that the Fed will overtighten. Yet this will become a stance increasingly hard to maintain in the face of not only falling stocks but also, much more importantly, rising credit spreads as it will badly impact the high yield market which increasingly looks like a bubble.

Gold OutlookChirag Mehta - Senior Fund Manager - Alternative Investments

World View

6

In the current environment of heightened uncertainties, we advise investors to have a cautious approach about interest rate and credit risk in their portfolio. In our opinion it would be prudent for existing debt investors to reduce their exposure to long duration bond funds and credit funds in this current rally.

For debt fund allocation, investors should focus only on debt funds with shorter maturity profile and good credit quality portfolio. Shorter-dated bonds are by no means immune to rising rates, but their returns tend to be less volatile than longer term bonds.

Quantum Liquid Fund (QLF) prioritizes safety and liquidity over returns and invests only in less than 91 day maturity instruments issued by Government Securities, treasury bills and top rated PSUs.

Quantum Dynamic Bond Fund (QDBF) takes higher interest risks, but does not take any credit risks and is invested only in Government Securities, treasury bills and top rated PSU bonds. In line with our interest rate view, we are keeping a shorter maturity profile in the QDBF portfolio with an objective to have lower interest rate risk. However, we keep looking for signs of mispricing in market and position the portfolio to exploit the opportunity tactically.

We always advise investors to have a longer time frame if they invest in bond funds and should also note that the bond fund returns are not like fixed deposit and can be highly volatile or even negative in a shorter time frame.

Data Source: Bloomberg, RBI

For Product Label See Page No. 23, 27

7

December 2018

Fed tightening stance continues to remain aggressive in comparison to other central banks. Major fallout of this is a relatively stronger dollar. The fact that Trump will find it difficult to deliver further fiscal or infrastructure boost as a response to economic slowdown; he will increase his attack on the Fed to force them towards further liquidity measures and ways to weaken the dollar. Such a scenario will make financial markets nervous and boost gold. If the Fed takes a u-turn in policy as a response to slowing growth and falling asset prices by beginning to cut rates or adopt further unconventional measures like QE; it will be perceived by the markets that the central banks will not be able to normalize monetary policy and that will be a big boost for gold prices.

Europe’s political crises set to get worsenThe expansion in Europe is moderating as a toughening global economic environment challenges their external sector. However, the bigger challenge with Eurozone is concerning its political crises with Italy been a major issue. Last time Italy found itself near bankruptcy, it was saved by the ECB’s decision to launch into a decade of money-printing, heavy intervention and massive government bond purchases. However, the ECB is now set to stop and reverse the measures that facilitated this favorable environment that supported the entire European economy after the last recession. This might prove catastrophic for Italy. Rising interest rates will make the debt near-impossible to service without impacting major spending programs and government services. Without external, systemic and extensive support, the country is bound to struggle heavily over the next years. Unlike Greece, Italy will be a far greater challenge to bail out and the failure to do so will have far grimmer implications.

It might not be yet clear exactly what kind of move by the EU, the new Italian government would interpret as “a step too far” and cause them to make good on their warning to launch their alternative plan of considering to exit. However, what we can tell for sure is that the European project, the common currency and the Brussels supremacy will definitely not be able to sustain the blow of another exit, especially if it’s Italy that decides to leave. That being said, it should also be obvious that the systemic problems that existed since 2008 have not disappeared; on the contrary, they just became worse.

ConclusionTrade tensions, political risks, unwinding fiscal stimulus are the biggest risks to the global economy. Business cycles are maturing in most economies and growth rates are gradually reverting to slower trends in the medium-term. While global growth will continue to decelerate, the economy will also become increasingly vulnerable to shocks as liquidity measures from central banks also come to an end. On a global basis G7 central bank balance sheets have stopped expanding in US dollar terms since April and are on path to a complete stop. All this is likely to undermine confidence, business investment, global trade and growth next year and result in more geo-political tensions that will probably unnerve global financial markets – a perfect mix for more volatility in equity, bond and currency markets globally.

The financial, economic and political trends in many countries are increasingly getting more supportive of higher gold prices. The world continues to remain in state of great disequilibrium, both with respect to the global economy and geopolitics as well. The fallout of the geopolitics globally seems to now cap the downsides in gold. Given the macroeconomic picture, gold prices should move up gradually and prove to be a useful portfolio diversification tool and thereby helping you to reduce overall portfolio risk.

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

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

8

*Cumulative Daily AuM /No of days in the month

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

Fund Manager &Associate Fund Manager

Scheme Features

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

Benchmark Index

S&P BSE Sensex Total Return Index

Investment Options

Growth & Dividend (Dividend Option will in turn

have two Facilities, Dividend Payout Facility and

Dividend Re-investment Facility)

Exit Load

Repurchase/ Redemption/Switch Out -

On or before 180 days from the date of

allotment 4.00%, after 180 days but on or

before 365 days from the date of allotment

3.00%, after 365 days but on or before 545

days from the date of allotment 2.00%, after

545 days but on or before 730 days from the

date of allotment 1.00%, after 730 days from

the date of allotment Nil

Redemption Proceeds

Processed through RTGS/NEFT mode on

T+3 basis from the date of transaction where

the investor’s Bank details are available.

Processed through cheque on T+3 basis

from the date of transaction where the

required Bank details of investor are not

available.

Minimum Application Amount (Under each Option)

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

thereafter. Additional Purchase: ` 500/- and in

multiples of ` 1/- thereafter/ 50 units

Total Expense Ratio(As on month end)

`

Regular Plan – Total TER = 1.46%(Base TER 1.30 % ( inclusive of 0.85% Management Fees, 0.28% Other Expenses & 0.17 % Distributor Commission) + 0.16% GST (18% GST on 0.85% Management Fees))Direct Plan - Total TER = 1.29%(Base TER 1.13 % ( inclusive of 0.85% Management Fees & 0.28% Other Expenses) + 0.16% GST (18% GST on 0.85%Management Fees))

Entry / Sales Load

Not Applicable

Inception Date(Date of Allotment)

March 13, 2006

Declaration of Net Asset Value (NAV)

Every Business Day

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

managing this fund Since November 15, 2006

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

managing this fund Since March 28, 2011

RegularPlan( ` / Unit)Dividend Option

Growth Option

54.67 54.36

54.21 54.05

NAV(as on December 31, 2018)

Direct Plan(`/Unit)

Regular Plan(`/Unit)

Category of Scheme

Value Fund

Taxation#

The amount of Long Term Capital Gain in

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

taxable @ 10%

Tax on Short Term Capital Gains - 15%

Absolute AUM

921.59

Average AUM*

916.08

#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.

December 2018

9

The Scheme is co-managed by Mr. Atul Kumar and Mr. Nilesh Shetty.For other Schemes Managed by Mr. Atul Kumar and Mr. Nilesh Shetty please see page no.41Mr. Atul Kumar is the Fund Manager effective from November 15, 2006Mr. Nilesh Shetty is the Associate Fund Manager effective from March 28, 2011.

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

Key Statistics Brokerages & Commissions Details

December 29, 2017 to December 31, 2018 (1 year)

December 31, 2015 to December 31, 2018 (3 years)




Since Inception (13th March 2006)

0.61 7.18 4.61 10,061 10,723 10,464

11.20 12.84 12.47 13,755 14,374 14,230

14.61 12.79 12.89 19,785 18,258 18,342

16.02 14.52 14.39 28,338 25,869 25,657

19.46 15.73 15.25 59,246 43,140 41,390

14.10 11.44 11.36 54,210 40,051 39,698

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

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

Performance of the Scheme

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

Nifty 50 TRI Returns (`)

S&P BSE Sensex TRI

Returns (`)

SchemeReturns

(`)

Nifty 50 TRI Returns (%)

SchemeReturns

(%)

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


Since Inception (1st April 2017)

0.44 7.18 4.61 10,045 10,723 10,464

6.41 13.36 11.64 11,151 12,460 12,130


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


Nifty 50 TRI Returns (`)

SchemeReturns

(`)

Nifty 50 TRI Returns (%)

SchemeReturns

(%)

S&P BSE Sensex TRI

Returns (%)

S&P BSE Sensex TRI

Returns (%)

S&P BSE Sensex TRI Returns (`)

^^StandardDeviation

12.99%

^^Beta

0.82

^^SharpeRatio

0.37

Brokerages on Investments for December 2018 NIL

Distributor commissions paid during December 2018 ` 38,527.28

Portfolio Turnover Ratio (Last one year): 6.32%

Period

Period

December 2018

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

Total Amount Invested (`‘000)

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

Returns (XIRR*) (%)

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

NIFTY 50 TRI (XIRR*) (%)

1,530.00 1,200.00 840.00 600.00 360.00 120.00

3,959.78 2,488.91 1,334.70 782.90 410.93 122.62

13.96 13.99 13.03 10.62 8.85 4.15

11.22 12.01 12.39 11.18 13.12 6.11

11.06 11.73 12.07 10.75 11.85 4.34

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

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

SIP Performance

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


10

December 2018

1.95%

2.47%

2.75%

3.16%

3.53%

4.26%

4.93%

5.54%

8.49%

11.59%

13.80%

14.77%

15.67%

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

16%

18%

Auto Ancillaries

Construction Project

Oil

Ferrous Metals

Gas

Hotels, Resorts And OtherRecreational Activities

Cement

Pharmaceuticals

Power

Banks

Auto

Finance

Software

11

^^ Note:Risk Free Rate assumed to be 6.73% (FBIL Overnight MIBOR for 31st December 2018) for calculating Sharpe Ratio.

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

Definitions

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

more stability.

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

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

volatile than the market.

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

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

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

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

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

Investors understand that their principal will be at Moderately High Risk

Riskometer

Product Labeling

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

Low

High

L

ow

High

HIGHLOW

Name of Instrument QuantityIndustry / RatingMarket

Value InLakhs

% toNet

Assets

* Cash & Cash Equivalents

EQUITY & EQUITY RELATED A) Listed /Awaiting listing on Stock Exchanges 1. Housing Development Finance Corporation Limited Finance 3,73,763 7,356.96 7.98%2. Infosys Limited Software 10,24,210 6,749.03 7.32%3. Bajaj Auto Limited Auto 2,02,108 5,497.64 5.97%4. Hero MotoCorp Limited Auto 1,76,214 5,470.12 5.94%5. ICICI Bank Limited Banks 12,50,895 4,505.10 4.89%6. State Bank of India Banks 14,83,361 4,389.27 4.76%7. Wipro Limited Software 12,05,937 3,989.84 4.33%8. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 26,60,205 3,929.12 4.26%9. Tata Consultancy Services Limited Software 1,95,873 3,707.97 4.02%10. GAIL (India) Limited Gas 9,02,910 3,253.18 3.53%11. LIC Housing Finance Limited Finance 6,64,315 3,246.51 3.52%12. Shriram Transport Finance Company Limited Finance 2,43,167 3,015.15 3.27%13. Tata Steel Limited Ferrous Metals 5,55,366 2,893.73 3.14%14. NTPC Limited Power 19,20,869 2,863.06 3.11%15. Power Grid Corporation of India Limited Power 13,83,168 2,747.66 2.98%16. Cipla Limited Pharmaceuticals 4,92,999 2,561.13 2.78%17. Lupin Limited Pharmaceuticals 3,01,353 2,544.32 2.76%18. Oil & Natural Gas Corporation Limited Oil 16,92,984 2,537.78 2.75%19. Ambuja Cements Limited Cement 10,94,810 2,464.42 2.67%20. Larsen & Toubro Limited Construction Project 1,58,466 2,278.03 2.47%21. PTC India Limited Power 23,81,506 2,211.23 2.40%22. ACC Limited Cement 1,38,046 2,081.87 2.26%23. Exide Industries Limited Auto Ancillaries 6,70,819 1,797.46 1.95%24. Yes Bank Limited Banks 9,85,420 1,791.49 1.94%25. Tata Motors Limited Auto 10,09,893 1,744.09 1.89%26. Tata Steel Limited - Partly Paid Share Ferrous Metals 24,999 22.39 0.02%B) Unlisted NIL NILTotal of all Equity 85,648.55 92.91%MONEY MARKET INSTRUMENTS A) Treasury Bills (T-Bill) 1. 91 Days Tbill (MD 31/01/2019) Sovereign 25,00,000 2,486.61 2.70%2. 364 Days Tbill (MD 13/06/2019) Sovereign 50,000 48.52 0.05%Total of T-Bill 2,535.13 2.75%B) TREP’s* 3,978.03 4.32%Total of Money Market Instruments 6,513.16 7.07%Net Receivable/(payable) (3.01) 0.02%Grand Total 92,158.70 100.00%

December 2018

Portfolio as on December 31, 2018

QUANTUM LONG TERM EQUITY VALUE FUND

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

of 3 years and Tax Benefit

RegularPlan( ` / Unit)


Direct Plan(`/Unit)




Benchmark Index

S&P BSE Sensex Total Return Index

Investment Options

Growth & Dividend

Scheme Features

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

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

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

Exit Load

Nil

Redemption Proceeds







available.


`

Regular Plan - Total TER = 1.46 % (Base TER 1.30 % ( inclusive of 0.85% Management Fees, 0.28% Other Expenses & 0.17 % Distributor Commission) + 0.16% GST (18% GST on 0.85% Management Fees))Direct Plan - Total TER = 1.29%(Base TER 1.13 % ( inclusive of 0.85% Management Fees & 0.28% Other Expenses ) + 0.16% GST (18% GST on 0.85%Management Fees))

Entry / Sales Load

Not Applicable




multiples of ` 500/- thereafter


December 23, 2008


Every Business Day

Fund Manager &Associate Fund Manager

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

managing this fund since December 23, 2008

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

managing this fund since October 1, 2016

Dividend Option 53.68 53.52

Growth Option 53.68 53.52

Category of Scheme

Equity Linked Saving Scheme (ELSS)

Lock-in Period

3 years from the date of allotment of the

respective Units

Taxation#


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

taxable @ 10% Tax on Short Term Capital

Gains - 15%

12

Absolute AUM

73.76

Average AUM*

72.75

#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.

December 2018

Quantum Tax Saving Fund Performance as on December 31, 2018

The Scheme is Co-Managed by Mr. Atul Kumar and Mr. Sorbh Gupta.For other Schemes Managed by Mr. Atul Kumar please see page no. 41Mr. Atul Kumar is the Fund Manager effective from December 23, 2008Mr. Sorbh Gupta is the Associate Fund Manager effective from October 1,2016






Since Inception (23rd Dec 2008)

0.35 7.18 4.61 10,036 10,723 10,464

11.37 12.84 12.47 13,817 14,374 14,230

14.66 12.79 12.89 19,823 18,258 18,342

16.03 14.52 14.39 28,354 25,869 25,657

18.31 15.73 15.25 53,766 43,140 41,390

18.24 15.64 15.18 53,680 42,964 41,258


SchemeReturns

(%)

S&P BSE Sensex TRI Returns (%)

Nifty 50 TRIReturns (%)

SchemeReturns

(`)


Nifty 50 TRIReturns (`)

Quantum Tax Saving Fund - Direct Plan - Growth Option


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

Period



0.19 7.18 4.61 10,019 10,723 10,464

6.40 13.36 11.64 11,150 12,460 12,130


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

Key Statistics Brokerages & Commissions Details

^^StandardDeviation

13.18%

^^Beta

0.83

^^SharpeRatio

0.37


SchemeReturns

(%)

S&P BSE Sensex TRI Returns (%)

Nifty 50 TRIReturns (%)

SchemeReturns

(`)


Nifty 50 TRIReturns (`) Period

13


Distributor Commissions paid during December 2018 `925.09


Quantum Tax Saving Fund - Regular Plan - Growth Option

December 2018

Total Amount Invested (`.‘000)


Returns (XIRR*) (%)

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

NIFTY 50 TRI (XIRR*) (%)

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

SIP Performance

Past performance may or may not be sustained in the future. Scheme performance has been calculated using applicable NAV on the SIP day (5th of every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of uniform and regular monthly subscriptions as on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day) and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of cash flow. Assuming `10,000 invested every month on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day), the 1 year, 3 years, 5 years, 7 years, 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.

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

14December 2018

1.94%

2.51%

2.72%

3.04%

3.45%

4.27%

4.34%

5.69%

8.55%

11.68%

13.45%

14.58%

15.47%

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

Auto Ancillaries


Oil

Ferrous Metals

Gas

Hotels, Resorts And OtherRecreational Activities

Cement

Pharmaceuticals

Power

Banks

Auto

Finance

Software

1,200.00 1,200.00 840.00 600.00 360.00 120.00

2,456.40 2,456.40 1,335.39 783.29 411.03 122.40

13.75 13.75 13.05 10.64 8.86 3.80

12.01 12.01 12.39 11.18 13.12 6.11

11.73 11.73 12.07 10.75 11.85 4.34

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




Definitions

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

more stability.


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

volatile than the market.



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

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

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


Riskometer

Product Labeling

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

Moderately Moderate Moderately

Low

High

L

ow

High

HIGHLOW

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

15December 2018

Name of Instrument QuantityIndustryMarket

Value InLakhs

% to NetAssets

EQUITY & EQUITY RELATED A) Listed /Awaiting listing on Stock Exchanges 1. Housing Development Finance Corporation Limited Finance 29,495 580.56 7.87%2. Infosys Limited Software 81,216 535.17 7.26%3. Hero MotoCorp Limited Auto 13,925 432.27 5.86%4. Bajaj Auto Limited Auto 15,560 423.26 5.74%5. ICICI Bank Limited Banks 1,02,904 370.61 5.02%6. State Bank of India Banks 1,17,961 349.05 4.73%7. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 2,13,134 314.80 4.27%8. Wipro Limited Software 93,038 307.82 4.17%9. Tata Consultancy Services Limited Software 15,758 298.31 4.04%10. LIC Housing Finance Limited Finance 52,345 255.81 3.47%11. GAIL (India) Limited Gas 70,565 254.25 3.45%12. NTPC Limited Power 1,64,298 244.89 3.32%13. Shriram Transport Finance Company Limited Finance 19,248 238.67 3.24%14. Tata Steel Limited Ferrous Metals 42,768 222.84 3.02%15. Lupin Limited Pharmaceuticals 25,183 212.62 2.88%16. Cipla Limited Pharmaceuticals 39,870 207.12 2.81%17. Power Grid Corporation of India Limited Power 1,04,263 207.12 2.81%18. Oil & Natural Gas Corporation Limited Oil 1,34,005 200.87 2.72%19. Ambuja Cements Limited Cement 83,971 189.02 2.56%20. Larsen & Toubro Limited Construction Project 12,877 185.11 2.51%21. PTC India Limited Power 1,91,967 178.24 2.42%22. Exide Industries Limited Auto Ancillaries 53,372 143.01 1.94%23. Yes Bank Limited Banks 78,279 142.31 1.93%24. Tata Motors Limited Auto 79,173 136.73 1.85%25. ACC Limited Cement 8,690 131.05 1.78%26. Tata Steel Limited - Partly Paid Share Ferrous Metals 1,717 1.54 0.02%B) Unlisted NIL NILTotal of all Equity 6,763.05 91.69%MONEY MARKET INSTRUMENTS A) TREP’s* 611.18 8.29%Net Receivable/(payable) 1.93 0.02%Grand Total 7,376.16 100.00%


QUANTUM TAX SAVING FUND

16

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



25.12

Absolute AUM

30.14

Average AUM*

29.35

Category of Scheme

Fund of Funds – Domestic

Scheme Features

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


`

Regular Plan – Total TER = 0.63 %(Base TER 0.59 % ( inclusive of 0.21% Management Fees, 0.26% Other Expenses & 0.12 % Distributor Commission) + 0.04% GST (18% GST on 0.21% Management Fees))Direct Plan - Total TER = 0.51 % (Base TER 0.47 % ( inclusive of 0.21% Management Fees & 0.26% Other Expenses ) + 0.04% GST (18% GST on 0.21%Management Fees))

Entry / Sales Load

Not Applicable

Benchmark Index

S&P BSE 200 TRI

Investment Options

Growth & Dividend (Dividend Option will in turn

have two Facilities, Dividend Payout Facility and

Dividend Re-investment Facility)

Exit Load

Repurchase/ Redemption/ Switch Out - On

or before 365 days from the date of allot-

ment 1.5 %.

Research Services

Quantum Information Services Private

Limited (QIS) which owns the website

www.PersonalFN.com is the designated

agency to provide a recommended list of

diversified equity schemes to Quantum

Equity Fund of Funds. The investments in

diversified equity schemes is made by Quan-

tum Equity Fund of Funds based on / from

that recommended list of diversified equity

schemes provide by QIS.

Redemption Proceeds







available.




multiples of ` 1/- thereafter/ 50 units


July 20, 2009


Every Business Day

Fund Manager

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

managing this fund since November 1, 2013

RegularPlan( ` / Unit)Dividend Option

Growth Option

34.011 33.943

34.011 33.943


Direct Plan(`/Unit)


December 2018

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

For other Schemes Managed by Mr. Chirag Mehta please see page no.41, 42Mr. Chirag Mehta is the Fund Manager effective from November 01,2013.

Brokerages & Commissions Details



^^StandardDeviation

14.43%

^^Beta

0.95

^^SharpeRatio

0.32





Since Inception (20th July 2009)

-5.47 0.81 7.18 9,450 10,082 10,723

10.80 12.75 12.84 13,607 14,338 14,374

16.50 14.48 12.79 21,470 19,671 18,258

16.78 15.70 14.52 29,655 27,795 25,869

13.82 11.80 11.16 34,011 28,712 27,189


Quantum Equity Fund of Funds - Direct Plan - Growth Option


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

S&P BSESensex TRI

Returns (`)

S&P BSE 200 TRI

Returns (`)

SchemeReturns

(`)

S&P BSESensex TRI

Returns (%)

SchemeReturns

(%)

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



-5.58 0.81 7.18 9,439 10,082 10,723

7.05 10.58 13.36 11,268 11,929 12,460


Quantum Equity Fund of Funds - Regular Plan - Growth Option


S&P BSESensex TRI

Returns (`)

SchemeReturns

(`)

S&P BSESensex TRI

Returns (%)

SchemeReturns

(%)

S&P BSE 200 TRI

Returns (%)

S&P BSE 200 TRI

Returns (%)

S&P BSE 200 TRI

Returns (`)

17

Key Statistics

Period

Period

December 2018

Name of Instrument QuantityMarket

Value InLakhs

% to NetAssets


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



Returns (XIRR*) (%)

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

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

1,130.00 840.00 600.00 360.00 120.00

2,128.04 1,374.58 786.41 408.58 119.09

12.98 13.86 10.81 8.45 -1.44

11.99 13.09 11.38 11.34 2.37

11.45 12.39 11.18 13.12 6.11

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

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

SIP Performance

MUTUAL FUND UNITS

1. Mirae Asset India Equity Fund-Direct Plan-Growth Option 8,86,485 449.37 14.91%

2. ICICI Prudential Bluechip Fund-Direct Plan-Growth Option 9,90,777 423.76 14.06%

3. Aditya Birla Sun Life Frontline Equity Fund-Direct Plan-Growth Option 1,84,513 421.81 13.99%

4. Invesco India Growth Opportunities Fund-Direct Plan-Growth Option 11,44,242 410.33 13.61%

5. Franklin India Equity Fund-Direct Plan-Growth Option 67,793 410.18 13.61%

6. Franklin India PRIMA FUND-Direct Plan-Growth Option 40,588 400.50 13.29%

7. L&T Mid Cap Fund-Direct Plan-Growth Option 2,81,707 393.86 13.07%

Total of Mutual Fund Units 2,909.81 96.54%

MONEY MARKET INSTRUMENTS

A) TREP’s* 105.14 3.49%

Net Receivable/(payable) -0.70 -0.03%

Grand Total 3,014.25 100.00%

18December 2018


QUANTUM EQUITY FUND OF FUNDS



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

more stability.


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

than the market.



#The mentioned Tax Rates shall be increased by applicable surcharge, If any, Health and Education Cess @ 4% where ever as applicable.

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

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

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


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

Riskometer

Product Labeling

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


Low

High

L

ow

High

HIGHLOW

Tax on Capital Gains# Resident Individuals & HUF

FII’s / Overseas FinancialOrganisations

Partnership Firm Non Resident Indians IndianCompanies

Foreign Companies

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

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

Indexation20% with

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

20% with Indexation10% without Indexation20% with IndexationLong Term

19December 2018

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

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

RegularPlan( ` / Unit)Monthly Dividend Option

Growth Option

10.1964 10.2133

13.3784 13.3561


Direct Plan(`/Unit)




Absolute AUM

57.63

Average AUM*

57.52

Benchmark Index

CRISIL Composite Bond Fund Index

Exit Load

Nil


May 19, 2015

Fund Manager

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

managing this fund since March 01, 2017


Every Business Day

Investment Options

Growth Option, Monthly Dividend Payout Option

and Monthly Dividend Reinvestment Option

Scheme Features

Entry/ Sales Load

Not Applicable



thereafter.

Additional Purchase: ` 500/- and in multiples

of ` 1/- thereafter/ 50 units

Redemption Proceeds

Processed through RTGS/NEFT mode on T+1

basis from the date of transaction where the

investor’s Bank details are available.

Processed through cheque on T+1 basis from

the date of transaction where the required

Bank details of investor are not available.

Total Expense Ratio (As on month end)

`

Regular Plan – Total TER = 0.79 %(Base TER 0.73 % ( inclusive of 0.35% Management Fees, 0.26% Other Expenses & 0.12 % Distributor Commission) + 0.06% GST (18% GST on 0.35% Management Fees))Direct Plan - Total TER = 0.67 %(Base TER 0.61 % ( inclusive of 0.35% Management Fees & 0.26% Other Expenses ) + 0.06% GST (18% GST on 0.35%Management Fees))

Category of Scheme

Dynamic Bond Fund

20December 2018

Regular Plan

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

Individual Non Individual Individual Non Individual

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

Dividend History - Monthly Dividend option Direct Plan Regular Plan

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

21

Brokerages & Commissions DetailsWeighted Average Maturity

as on December 31, 2018(Years)

At the end of the month 2.60

Modified Duration 1.94


Distributor commissions paid during December 2018 ` 372.08

Portfolio Yield 7.32%

December 2018

Govt. Securities & Treasury Bills,

51.68%

Finance34.71%

TREP’s & NetReceivable / (Payable)

13.61%

Govt. Securities & Treasury Bills

Finance

TREP’s & Net Receivable / (Payable)

Sovereign51.68%

AAA, 34.71%

TREP’s & Net Receivable / (Payable),

13.61%

Sovereign

AAA


25-Oct-18

26-Nov-18

26-Dec-18

0.03041882 0.02791939 0.02533174 0.02325030

0.05617480 0.05155909 0.04965957 0.04557919

0.05638859 0.05175530 0.05171450 0.04746527

22

For other Schemes Managed by Mr. Pankaj Pathak please see page no.43Mr. Pankaj Pathak is the Fund Manager effective from March 01,2017.

Quantum Dynamic Bond Fund Performance as on December 31, 2018

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

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


SchemeReturns

(%)

CRISIL 10 YearGilt Index

Returns (%)

SchemeReturns (`)

CRISIL CompositeBond Fund Index

Returns (`)


Returns (%)


Returns (`)

Quantum Dynamic Bond Fund - Direct Plan - Growth Option

Performance of the scheme

Period


SchemeReturns

(%)


Returns (%)

SchemeReturns (`)


Returns (`)


Returns (%)


Returns (`)

Quantum Dynamic Bond Fund - Regular Plan - Growth Option


Period



4.01 5.91 6.01 10,403 10,595 10,605

4.99 5.59 3.09 10,891 11,001 10,549



Since Inception (19th May 2015)

4.11 5.91 6.01 10,413 10,595 10,605

8.23 7.79 6.80 12,680 12,526 12,184

8.36 7.92 6.84 13,378 13,180 12,709

December 2018

#The mentioned Tax Rates shall be increased by applicable surcharge, If any, Health and Education Cess @ 4% where ever as applicable. Equity oriented schemes will also

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



LOW HIGH


Quantum DynamicBond Fund(An Open EndedDynamic DebtScheme InvestingAcross Duration)

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

Investors understand that their principal will be at Moderate Risk

Riskometer

Product Labeling


Low

High

L

ow

High

HIGHLOW




Foreign Companies



Indexation20% with



23December 2018

Name of Instrument RatingMarket

Value InLakhs

% to NetAssets

DEBT INSTRUMENTS

A) Listed /Awaiting listing on Stock Exchanges

I) Bonds

1. 9.25% EXIM Bank NCD (MD 12/07/2022) CRISIL AAA 514.95 8.94%

2. 7.72% IRFC NCD Series 128 (MD 07/06/2019) CRISIL AAA 499.57 8.67%

3. 7.65% SIDBI NCD SrXII (MD 15/04/2021) CRISIL AAA 494.82 8.59%

4. 6.98% NABARD NCD SR 18 G (MD 30/09/2020) CRISIL AAA 490.53 8.51%

Total of Bonds 1,999.87 34.71%

II) Government Securities

1. 7.17% GOI (MD 08/01/2028) Sovereign 987.00 17.13%

2. 8.27% GOI (MD 09/06/2020) Sovereign 508.53 8.82%

3. 6.84% GOI (MD 19/12/2022) Sovereign 18.61 0.32%

Total of Government Securities 1,514.14 26.27%

B) Privately Placed/Unlisted NIL NIL

C) Securitized Debt Instruments NIL NIL

Total of Debt Instruments 3,514.01 60.98%


A) Treasury Bills (T-Bill)

1. 364 Days Tbill (MD 24/10/2019) Sovereign 946.86 16.43%



Total of T-Bills 1,464.83 25.41%

B) Commerical Papers (CP)

Total of CPs - -

C) TREP’s* 678.15 11.77%

Total of Money Market Instruments 2,142.98 37.18%

Net Receivable / (Payables) 106.29 1.84%

Grand Total 5,763.28 100.00%



QUANTUM DYNAMIC BOND FUND

QUANTUM LIQUID FUNDAn Open Ended Liquid Scheme

RegularPlan( ` / Unit)Daily Dividend Option

Monthly Dividend Option

Growth Option

10.0094 10.0042

10.0163 10.0155

25.0715 25.0478


Direct Plan(`/Unit)




Benchmark Index

Crisil Liquid Fund Index

Exit Load

Nil


April 07, 2006

Fund Manager

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

managing this fund since March 01, 2017


Every Business Day

Investment Options

Growth, Daily Dividend Reinvestment & Monthly

Dividend Option – Two facilities (i) Dividend Re -

Investment Facility, (ii) Dividend Payout Facility

Redemption Proceeds







Entry/ Sales Load

Not Applicable

Scheme Features

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


`

Regular Plan – Total TER = 0.24 %(Base TER 0.22 % ( inclusive of 0.07% Management Fees, 0.09% Other Expenses & 0.06 % Distributor Commission) + 0.02% GST (18% GST on 0.07% Management Fees))Direct Plan - Total TER = 0.18 %(Base TER 0.16 % ( inclusive of 0.07% Management Fees & 0.09% Other Expenses ) + 0.02% GST (18% GST on 0.07%Management Fees))


Growth Option: ` 5,000/-and in multiples of ` 1/- thereafter. Monthly Dividend Option: ` 10,000/- and in multiples of ` 1/- thereafter. Daily Dividend Reinvestment Option: ` 1,00,000/- and in multiples of ` 1/- thereafter. Additional Investment: ` 500/- and in multiples of ` 1/- thereafter /50 units (For all options)

Category of Scheme

Liquid Fund

24

Absolute AUM

227.40

Average AUM*

222.62

December 2018

Brokerages & Commissions DetailsWeighted Average Maturity

as on December 31, 2018(Days)

At the end of the month 34

Average during the month 40

Modified Duration 32

Regular Plan

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

Individual Non Individual Individual Non Individual

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

Dividend History - Monthly Dividend option Direct Plan

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

25-Oct-18 0.04065295 0.03731261 0.04064040 0.03730110

26-Nov-18 0.04157814 0.03816179 0.04121051 0.03782436

26-Dec-18 0.03928543 0.03605746 0.03923976 0.03601554

25

Brokerages on Investments for December 2018 ` 11,700.00

Distributor commissions paid during December 2018 ` 3,841.66

Portfolio Yield 6.69%

Finance

Govt. Securities

Power



A1+

Sovereign

December 2018

TREP’s & NetReceivable / (Payable)

11.23%

Govt. Securities50.24%

Power, 17.45%

Finance21.08%


11.23%

A1+38.53%

Sovereign50.24%

Quantum Liquid Fund Performance as on December 31, 2018

For other Schemes Managed by Mr. Pankaj Pathak please see page no.43Mr. Pankaj Pathak is the Fund Manager effective from March 01,2017.

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


November 30, 2018 to December 31, 2018 (1 Month)*

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

December 31, 2015 to December 31, 2018 (3 years)**




Since Inception (07th April 2006)**

7.00 7.68 7.92 10,013 10,015 10,015

6.70 7.37 8.53 10,028 10,030 10,035

6.69 7.64 9.19 10,057 10,065 10,078

6.58 7.58 6.87 10,658 10,758 10,687

6.49 7.24 6.66 12,077 12,334 12,136

7.23 7.83 7.35 14,179 14,580 14,258

7.72 8.09 7.24 16,840 17,255 16,318

7.33 7.47 6.27 20,300 20,570 18,369

7.48 7.45 6.33 25,072 24,999 21,857

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

SchemeReturns

(%)

Crisil LiquidFund IndexReturns (%)

Crisil 1 yearT-bill IndexReturns (%)

SchemeReturns

(`)

Crisil LiquidFund IndexReturns (`)

Crisil 1 yearT-bill IndexReturns (`)

Quantum Liquid Fund - Direct Plan - Growth Option


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



November 30, 2018 to December 31, 2018 (1 Month)*

December 31, 2017 to December 31, 2018 (1 Year)**

Since Inception (1st April 2017)**

6.94 7.68 7.92 10,013 10,015 10,015

6.63 7.37 8.53 10,027 10,030 10,035

6.63 7.64 9.19 10,056 10,065 10,078

6.52 7.58 6.87 10,652 10,758 10,687

6.26 7.16 6.31 11,123 11,289 11,133

Quantum Liquid Fund - Regular Plan - Growth Option


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

Period

Period


SchemeReturns

(%)


Crisil 1 yearT-bill IndexReturns (%)

SchemeReturns

(`)

Crisil LiquidFund IndexReturns (`)

Crisil 1 yearT-bill IndexReturns (`)

26December 2018

Name of Instrument Rating ResidualMaturity(in days)

MarketValue In

Lakhs

% to NetAssets




DEBT INSTRUMENTS

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

1. 8.28% SIDBI NCD (MD 26/02/2019) CARE A1+ 57 1,802.06 7.92%

2. 9.45 % EXIM NCD (MD 22/01/2019) CRISIL A1+ 22 500.52 2.20%

Total of Bonds 2,302.58 10.12%

B) Privately Placed/Unlisted NIL NIL NIL

C) Securitized Debt Instruments NIL NIL NIL

Total of Debt Instruments 2,302.58 10.12%

MONEY MARKET INSTRUEMENTS

A) Commerical Papers (CP)

1. NTPC Ltd CP (MD 18/02/2019) CRISIL A1+ 49 1,982.02 8.72%

2. IRFC LTD CP (MD 23/01/2019) CRISIL A1+ 23 1,493.77 6.57%

3. Power Grid Corporation Ltd CP (MD 13/02/2019) CRISIL A1+ 44 1,487.91 6.54%

4. National Bank For Agri & Rural CP (MD 03/01/2019) CRISIL A1+ 3 499.81 2.20%

5. National Bank For Agri & Rural CP (MD 21/01/2019) CRISIL A1+ 21 498.11 2.19%

6. Power Grid Corporation Ltd CP (MD 29/01/2019) CRISIL A1+ 29 497.36 2.19%

Total of CPs 6,458.98 28.41%

B) Treasury Bills (T-Bill)

1. 91 Days Tbill (MD 10/01/2019) Sovereign 10 1,996.79 8.78%





6. 91 Days Tbill (MD 03/01/2019) Sovereign 3 999.64 4.40%

7. 91 Days Tbill (MD 08/02/2019) Sovereign 39 993.17 4.37%

Total of T-Bills 11,422.88 50.24%

C) TREP’s* 2,362.41 10.39%

Total of Money Market Instruments 20,244.27 89.04%

Net Receivable / (Payables) 193.34 0.84%

Grand Total 22,740.19 100.00%



LOW HIGH


Quantum Liquid Fund(An Open EndedLiquid Scheme)

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

Investors understand that their principal will be at Low risk

Riskometer

Product Labeling


Low

High

L

ow

High

HIGHLOW




Foreign Companies



Indexation20% with



27December 2018


QUANTUM LIQUID FUND

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

28

RegularPlan( ` / Unit)


Direct Plan(`/Unit)




Benchmark Index

Domestic Price of Gold

Investment Options

Growth

Scheme Features

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

Exit Load

The exit load will be NIL for the prospective

investments made on or after

December 11, 2017.

Redemption Proceeds







available.


`

Regular Plan – Total TER = 0.18 %

(Base TER 0.18 % ( inclusive of 0.06 % Other

Expenses & 0.12 % Distributor Commission))

Direct Plan - Base TER (Other Expenses) &

Total TER = 0.06 %

Entry / Sales Load

Not Applicable


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


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

May 19, 2011


Every Business Day

Fund Manager

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

managing this fund since May 19, 2011

Growth Option 13.0388 13.0113

Category of Scheme

Fund of Fund – Domestic

Absolute AUM

14.92

Average AUM*

14.62

December 2018

12.5570 12.534512.5570 12.5345


29

Brokerages on Investments for December 2018 ` 1,904.35

Distributor Commissions paid during December 2018 ` 866.86

*Portfolio Turnover Ratio (Last one year): 15.23%

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


Units of Quantum Gold Fund

Quantum Gold Savings Fund Performance as on December 31, 2018

For other Schemes Managed by Mr. Chirag Mehta please see page no.41, 42Mr. Chirag Mehta is the Fund Manager effective from May 19,2011.





Since Inception (19th May 2011)

6.86 8.01 10,690 10,806

6.65 7.79 12,132 12,528

0.23 3.46 10,114 11,857

0.94 2.06 10,680 11,537

3.54 4.90 13,039 14,403


SchemeReturns

(%)

SchemeReturns

(`)

Domestic Price of Gold Returns (%)

Domestic Price of Gold Returns (`)

Quantum Gold Savings Fund - Direct Plan


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

Period

December 2018

Units of Quantum Gold Fund,

99.70%


0.30%

30


Value InLakhs

% to NetAssets

A) EXCHANGE TRADED FUND UNITS

1. Quantum Gold Fund 1,06,391 1,487.29 99.70%

Total of Exchange Traded Funds 1,487.29 99.70%

B) MONEY MARKET INSTRUMENTS

1. TREP’s* 2.74 0.18%

Net Receivable/(payable) 1.71 0.12%

Grand Total 1,491.74 100.00%

December 2018


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



6.73 8.01 10,677 10,806

3.88 5.32 10,690 10,952


SchemeReturns

(%)

SchemeReturns

(`)



Quantum Gold Savings Fund - Regular Plan


Period



Returns (XIRR*) (%)

Domestic Price of Gold (XIRR*) (%)

910.00 840.00 600.00 360.00 120.00

961.40 882.07 642.59 377.66 123.41

1.44 1.38 2.72 3.16 5.41

2.73 2.69 3.99 3.93 6.91

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

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

SIP Performance

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


QUANTUM GOLD SAVINGS FUND

31

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







Foreign Companies



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


Riskometer

Product Labeling

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


Low

High

L

ow

High

HIGHLOW


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

Indexation20% with

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


December 2018

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

Quantum Mutual Fund

32

RegularPlan( ` / Unit)Growth Option


Direct Plan

(`/Unit)

RegularPlan

(`/Unit)



Fund Manager Benchmark Index

Crisil Composite Bond Fund Index (40%)+

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

Domestic price of gold (20%)

Investment Options

Growth


Exit Load

Repurchase/ Redemption/ Switch Out -

a) On or before 90 days from the date of

allotment 1.00%.

b) After 90 days from the date of allotment Nil


July 11, 2012



Every Business Day

Scheme Features

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

Redemption Proceeds







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

thereafter.

Additional Purchase: `500/- and in multiples

of `1/- thereafter/ 50 units

Entry/ Sales Load

Not Applicable

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

have been managing this fund since July 11, 2012

17.9542 17.9259

Category of Scheme

Fund of Funds – Domestic

Absolute AUM

16.09

Average AUM*

16.11

December 2018

Regular Plan – Total TER = 0.38 %(Base TER 0.38 % ( inclusive of 0.26 % Other Expenses & 0.12 % Distributor Commission))Direct Plan - Base TER (Other Expenses) & Total TER = 0.26 %

33

Quantum Multi Asset Fund Performance as on December 31, 2018

The Scheme is Co-Managed by Chirag Mehta and Nilesh Shetty.For other Schemes Managed by Chirag Mehta and Nilesh Shetty. please see page no.41, 42Mr. Chirag Mehta & Mr. Nilesh Shetty are Fund Managers effective from July 11, 2012

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


Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calucation.Different Plans shall have a different expense structure.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch# Indicates CRISIL Composite Bond Fund Index (40%) + S&P BSE SENSEX Total Return Index (40%) + Domestic price of Gold (20%)@The Benchmark Return for the scheme till August 2018 is calculated and shown excluding daily rebalancing of weights of 3 Asset Classes in which Scheme invests i.e. Equity, Debt and Gold. As the Scheme is a daily price scheme and to represent daily rebalancing of weights of the Asset Classes in the Benchmark to make fair comparison with scheme performance, the Benchmark computation as of 30th November, 2018 is done to daily rebalancing of weights of the Asset Classes effective from inception date of the scheme i.e. July 11, 2012 in case of Direct Plan and April 1, 2017 in case of the Regular Plan.

Key Statistics

^^StandardDeviation

4.78%

^^Beta

0.77

^^SharpeRatio

0.44







5.09 7.12 10,511 10,716

9.08 10.13 12,984 13,359

9.45 9.81 15,713 15,974

9.45 9.29 17,954 17,777


SchemeReturns (%)

SchemeReturns (`)

BenchmarkReturns (%)#@

BenchmarkReturns (`)#@


Period

Quantum Multi Asset Fund - Direct Plan



4.96 7.12 10,498 10,716

6.51 8.83 11,170 11,600



PeriodScheme

Returns (%)Scheme

Returns (`)Benchmark

Returns (%)#@Benchmark

Returns (`)#@

Quantum Multi Asset Fund - Regular Plan

December 2018



Returns (XIRR*) (%)

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

Since Inception SIP

5 Years SIP 3 Years SIP 1 Year SIP

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

SIP Performance

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

* Cash & Cash Equivalents^^ Note:Risk Free Rate assumed to be 6.73% (FBIL Overnight MIBOR for 31st December 2018) for calculating Sharpe Ratio.Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.DefinitionsStandard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability.Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of less than 1 means that these curity will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe ratio, the better its risk-adjusted performance has been.

QuantityMarket

Value InLakhs

% to NetAssets

A) MUTUAL FUND UNITS 1. Quantum Liquid Fund - Direct Plan Growth Option 29,95,113 750.92 46.66%2. Quantum Long Term Equity Value Fund - Direct Plan Growth Option 8,12,116 440.25 27.36%3. Quantum Dynamic Bond Fund - Direct Plan Growth Option 1,49,118 19.95 1.24%Total of Mutual Fund Units 1,211.12 75.26%B. EXCHANGE TRADED FUND UNITS 1. Quantum Gold Fund 17,022 237.96 14.79%2. Quantum Nifty ETF 11,600 127.89 7.95%Total of Exchange Traded Fund Units 365.85 22.74%Total (A+B) 1,576.97 98.00%MONEY MARKET INSTRUEMENTS A) TREP’s* 41.34 2.57%Net Receivable/(payable) -8.96 -0.57%Grand Total 1,609.35 100.00%



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

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


Riskometer

Product Labeling


Low

High

L

ow

High

HIGHLOW

#The mentioned Tax Rates shall be increased by applicable surcharge, If any, Health and Education Cess @ 4% where ever as applicable.Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes.TRANSACTION CHARGES: No Transaction Charges shall be deducted from the investment amount for applications received in the regular plan.




Foreign Companies



Indexation20% with



34

December 2018

770.00 600.00 360.00 120.00

1,020.68 735.11 403.02 123.89

8.69 8.09 7.52 6.18

8.90 8.65 8.79 7.75

Name of Instrument


QUANTUM MULTI ASSET FUND

QUANTUM GOLD FUNDAn Open Ended Scheme Replicating / Tracking Gold

35

Growth Option


(`/Unit)




Domestic Price of Physical Gold


1404.4645

Exit Load

Nil

(retail investor can exit the scheme only through

secondary market)


February 22, 2008

Category of Scheme

Exchange Traded Fund

Current Total Expense Ratio (As on month end)


Every Business Day

Investment Options

Growth

Scheme Features

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

Redemption Proceeds







Directly with Fund: The investors can create /

redeem in exchange of Portfolio Deposit and

Cash Component in creation unit size at NAV

based Price. On the Exchange: Approx equal

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

NSE. On NSE, the units can be purchased /

sold in minimum lot of 1 units and in multiples

therefore.

Entry/ Sales Load

Not Applicable

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

managing this fund Since May 01, 2009

Absolute AUM

55.00

Average AUM*

54.22

December 2018

Total TER = 1.03 % (Base TER 0.91 % ( inclusive of 0.70% Management Fees & 0.21 % Other Expenses ) + 0.12% GST (18% GST on 0.70%Management Fees))

36






Since Inception (22nd Feb 2008)

6.93 8.01 10,697 10,806

6.66 7.79 12,138 12,528

2.40 3.46 11,260 11,857

1.03 2.06 10,742 11,537

7.65 8.74 20,905 23,134

8.26 9.06 23,689 25,655

SchemeReturns

(%)

SchemeReturns

(`)



Quantum Gold Fund


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


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

GOLD

TREP’s

Net Receivables/(Payables)

For other Schemes Managed by Mr. Chirag Mehta please see page no.41, 42 Mr. Chirag Mehta is the Fund Manager effective from May 01,2009.

Quantum Gold Fund Performance as on December 31, 2018


^^Tracking Error

0.099%


Distributor Commissions paid during December 2018 NIL

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

Period

December 2018

Key Statistics

GOLD,100.03%

TREP’s0.18%

Net Receivables/ (Payables), -0.21%


Value InLakhs

% to NetAssets

GOLD

1. 1 KG Bar (995 fineness) 173 5,485.74 99.74%

2. 100 Gms Bar (999 fineness) 5 15.91 0.29%

Total of Gold 5,501.65 100.03%


A) TREP’s* 9.70 0.18%

Net Receivable/(payable) -11.48 -0.21%

Grand Total 5,499.87 100.00%



QUANTUM GOLD FUND

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

^^ Definitions

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

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



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



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

• Long term returns• Investments in physical gold.


Riskometer

Product Labeling


Low

High

L

ow

High

HIGHLOW

#Tax on Capital Gains Resident Individuals & HUF



Foreign Companies


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

Indexation20% with

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


37

December 2018

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

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

38


Nifty 50 TRI


July 10, 2008

Category of Scheme

Exchange Traded Fund

Current Total Expense Ratio (As on month end)


Every Business Day

Investment Options

Growth

Exit Load

NIL

(retail Investor can exit the scheme only through

secondary market)

Scheme Features

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

Redemption Proceeds







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

redeem in exchange of Portfolio Deposit and Cash

Component in creation unit size at NAV based Price.

On the Exchange: At prices which may be close to

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

purchased / sold in minimum lot of 1 unit and in

multiples thereof. The units of QNIFTY issued under

the scheme will be approximately equal to the price

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

Entry/ Sales Load

Not Applicable

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

managing this fund since July 10, 2008

#The mentioned Tax Rates shall be increased by applicable surcharge,If any, Health and Education Cess @ 4% where ever as applicable.Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes.TRANSACTION CHARGES: No Transaction Charges shall be deducted from the investment amount for applications received.

RegularPlan( ` / Unit)Growth Option


(`/Unit)



1103.5729 Absolute AUM

5.42

Average AUM*

5.38

December 2018

Taxation#


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

taxable @ 10% Tax on Short Term Capital

Gains - 15%

Total TER = 0.094 %(Base TER 0.0868 % ( inclusive of 0.040% Management Fees & 0.0468% Other Expenses) + 0.0072% GST (18% GST on 0.040% Management Fees))

39

Quantum Nifty ETF Performance as on December 31, 2018

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

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








4.41 4.61 7.18 10,443 10,464 10,723

12.20 12.47 12.84 14,129 14,230 14,374

12.66 12.89 12.79 18,153 18,342 18,258

14.15 14.39 14.52 25,282 25,657 25,869

14.84 15.25 15.73 39,931 41,390 43,140

10.91 10.91 11.08 29,619 29,616 30,087


SchemeReturns

(%)

Nifty 50 Total

Returns Index (%)

S&P BSESensex TRI (%)

SchemeReturns (`)

Nifty 50 Total Returns

Index (`)

S&P BSESensex TRI (`)


Period


Key Statistics

^^Tracking Error

0.049%


Distributor Commissions paid during December 2018 NIL


Quantum Nifty ETF

December 2018

0.51%

0.61%

0.64%

0.70%

0.75%

0.76%

0.89%

0.95%

0.98%

1.63%

1.64%

1.70%

2.13%

2.43%

4.09%

7.28%

9.98%

10.37%

10.60%

13.59%

27.42%

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

Telecom - Equipment & Accessories

Media & Entertainment

Pesticides

Transportation

Gas

Minerals/Mining

Consumer Durables

Telecom - Services

Oil

Non - Ferrous Metals

Ferrous Metals

Cement

Power

Pharmaceuticals


Auto

Consumer Non Durables

Finance

Petroleum Products

Software

Banks

40



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

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


Riskometer

Product Labeling


Low

High

L

ow

High

HIGHLOW

Name of Instrument

QuantityIndustry+Name of InstrumentMarket

Value InLakhs

% to NetAssets


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

EQUITY & EQUITY RELATED A) Listed /Awaiting listing on Stock Exchanges 1. HDFC Bank Limited Banks 2,680 56.86 10.48%2. Reliance Industries Limited Petroleum Products 4,277 47.96 8.84%3. Housing Development Finance Corporation Limited Finance 2,033 40.02 7.38%4. Infosys Limited Software 4,753 31.32 5.77%5. ITC Limited Consumer Non Durables 10,701 30.14 5.56%6. ICICI Bank Limited Banks 8,044 28.97 5.34%7. Tata Consultancy Services Limited Software 1,342 25.40 4.68%8. Larsen & Toubro Limited Construction Project 1,543 22.18 4.09%9. Kotak Mahindra Bank Limited Banks 1,668 20.96 3.86%10. Hindustan Unilever Limited Consumer Non Durables 891 16.21 2.99%11. State Bank of India Banks 4,686 13.87 2.56%12. Axis Bank Limited Banks 2,214 13.72 2.53%13. Maruti Suzuki India Limited Auto 167 12.47 2.30%14. IndusInd Bank Limited Banks 638 10.20 1.88%15. Mahindra & Mahindra Limited Auto 1,163 9.35 1.72%16. Bajaj Finance Limited Finance 296 7.83 1.44%17. Asian Paints Limited Consumer Non Durables 564 7.74 1.43%18. HCL Technologies Limited Software 694 6.69 1.23%19. Sun Pharmaceutical Industries Limited Pharmaceuticals 1,378 5.93 1.09%20. NTPC Limited Power 3,918 5.84 1.08%21. Power Grid Corporation of India Limited Power 2,876 5.71 1.05%22. Tech Mahindra Limited Software 785 5.68 1.05%23. Oil & Natural Gas Corporation Limited Oil 3,530 5.29 0.98%24. Bharti Airtel Limited Telecom - Services 1,648 5.15 0.95%25. UltraTech Cement Limited Cement 129 5.15 0.95%26. Hero MotoCorp Limited Auto 164 5.09 0.94%27. Tata Steel Limited Ferrous Metals 941 4.90 0.90%28. Bajaj Finserv Limited Finance 75 4.86 0.90%29. Titan Company Limited Consumer Durables 520 4.84 0.89%30. Vedanta Limited Non - Ferrous Metals 2,325 4.70 0.87%31. Wipro Limited Software 1,416 4.68 0.86%32. Bajaj Auto Limited Auto 170 4.62 0.85%33. Yes Bank Limited Banks 2,308 4.20 0.77%34. Hindalco Industries Limited Non - Ferrous Metals 1,823 4.12 0.76%35. Coal India Limited Minerals/Mining 1,709 4.11 0.76%36. Grasim Industries Limited Cement 493 4.07 0.75%37. GAIL (India) Limited Gas 1,128 4.06 0.75%38. Tata Motors Limited Auto 2,309 3.99 0.74%39. JSW Steel Limited Ferrous Metals 1,299 3.98 0.73%40. Dr. Reddy's Laboratories Limited Pharmaceuticals 151 3.95 0.73%41. Eicher Motors Limited Auto 17 3.94 0.73%42. Adani Ports and Special Economic Zone Limited Transportation 983 3.81 0.70%43. Indian Oil Corporation Limited Petroleum Products 2,671 3.66 0.67%44. Indiabulls Housing Finance Limited Finance 416 3.55 0.65%45. Bharat Petroleum Corporation Limited Petroleum Products 977 3.54 0.65%46. UPL Limited Pesticides 460 3.49 0.64%47. Zee Entertainment Enterprises Limited Media & Entertainment 694 3.31 0.61%48. Cipla Limited Pharmaceuticals 635 3.30 0.61%49. Bharti Infratel Limited Telecom - Equipment & Accessories 1,062 2.75 0.51%50. Hindustan Petroleum Corporation Limited Petroleum Products 933 2.36 0.44%51. Tata Steel Limited - Partly Paid Share Ferrous Metals 55 0.05 0.01%B). Unlisted NIL NILTotal of all Equity 540.57 99.65%MONEY MARKET INSTRUMENTS A) TREP’s* 1.30 0.24%Net Receivable/(payable) 0.49 0.11%Grand Total 542.36 100.00%

December 2018


QUANTUM NIFTY ETF

41

CHIRAG MEHTA / NILESH SHETTY

QUANTUM MULTI ASSET FUND

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

Period

SchemeReturn (%)

BenchmarkReturn#@ (%)



SchemeReturn (%)

SchemeReturn (%)

Quantum Multi Asset Fund - Direct Plan 5.09 7.12 9.08 10.13 9.45 9.81

Quantum Multi Asset Fund - Regular Plan 4.96 7.12 NA NA NA NA

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

@The Benchmark Return for the scheme till August 2018 is calculated and shown excluding daily rebalancing of weights of 3 Asset Classes in which Scheme invests i.e. Equity, Debt and Gold. As the Scheme is a daily price scheme and to represent daily rebalancing of weights of the Asset Classes in the Benchmark to make fair comparison with scheme performance, the Benchmark computation as of 30th November, 2018 is done to daily rebalancing of weights of the Asset Classes effective from inception date of the scheme i.e. July 11, 2012 in case of Direct Plan and April 1, 2017 in case of the Regular Plan.

December 29, 2017 toDec. 31, 2018 (1 year)

December 31, 2015 toDec. 31, 2018 (3 years)


SCHEME PERFORMANCE - FUND MANAGER-WISE


ATUL KUMAR / SORBH GUPTA

QUANTUM TAX SAVING FUND

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

Period

SchemeReturn (%)

SchemeReturn (%)

SchemeReturn (%)

Quantum Tax Saving Fund - Direct Plan - Growth Option 0.35 7.18 11.37 12.84 14.66 12.79

Quantum Tax Saving Fund - Regular Plan - Growth Option 0.19 7.18 NA NA NA NA

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




S&P BSESensex TRI Returns (%)



ATUL KUMAR / NILESH SHETTY

QUANTUM LONG TERM EQUITY VALUE FUND

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

Period

SchemeReturn (%)

SchemeReturn (%)

SchemeReturn (%)




Quantum Long Term Equity Value Fund - Direct Plan - Growth Option 0.61 7.18 11.20 12.84 14.61 12.79

Quantum Long Term Equity Value Fund - Regular Plan - Growth Option 0.44 7.18 NA NA NA NA

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




42

CHIRAG MEHTA

QUANTUM GOLD SAVINGS FUND

Mr. Chirag Mehta effective from May 19, 2011.

Period

SchemeReturn (%)

DomsticPrice of GoldReturns(%)



SchemeReturn (%)

SchemeReturn (%)

Quantum Gold Savings Fund - Direct Plan 6.86 8.01 6.65 7.79 0.23 3.46

Quantum Gold Savings Fund - Regular Plan 6.73 8.01 NA NA NA NA

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

CHIRAG MEHTA

QUANTUM EQUITY FUND OF FUNDS

Mr. Chirag Mehta effective from November 1, 2013.

Period

SchemeReturn (%)

S&P BSE200 TRI

Returns (%)

S&P BSE200 TRI

Returns (%)

S&P BSE200 TRI

Returns (%)

SchemeReturn (%)

SchemeReturn (%)

Quantum Equity Fund of Funds - Direct Plan - Growth Option -5.47 0.81 10.80 12.75 16.50 14.48

Quantum Equity Fund of Funds - Regular Plan - Growth Option -5.58 0.81 NA NA NA NA

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

CHIRAG MEHTA

QUANTUM GOLD FUND

Mr. Chirag Mehta effective from May 01, 2009.

Period

Quantum Gold Fund (ETF) 6.93 8.01 6.66 7.79 2.40 3.46

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











SchemeReturn (%)


SchemeReturn (%)


SchemeReturn (%)


43

PANKAJ PATHAK

QUANTUM LIQUID FUND

Mr. Pankaj Pathak effective from March 1, 2017

Period

SchemeReturn (%)


SchemeReturn (%)


SchemeReturn (%)


Quantum Liquid Fund - Direct Plan - Growth Option 6.58 7.58 6.49 7.24 7.23 7.83

Quantum Liquid Fund - Regular Plan - Growth Option 6.52 7.58 NA NA NA NA

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

PANKAJ PATHAK

QUANTUM DYNAMIC BOND FUND

Mr. Pankaj Pathak effective from March 01, 2017

Period

SchemeReturn (%)

SchemeReturn (%)

SchemeReturn (%)

Quantum Dynamic Bond Fund - Direct Plan - Growth Option 4.11 5.91 8.23 7.79 NA NA

Quantum Dynamic Bond Fund - Regular Plan - Growth Option 4.01 5.91 NA NA NA NA

Past performance may or may not be sustained in the future.Returns are calculated on the basis of Compounded Annualized Growth Rate (CAGR).Different Plans shall have different expense structure.Mr. Pankaj Pathak manages 2 schemes of the Quantum Mutual Fund.The Direct Plan has been in existence for more than 3 year but less than 5 years from inception.Regular plan launched on 1st April 2017 but not yet completed 3 years period since its launch .








Crisil Composite Bond Fund Index

Returns (%)


Returns (%)


Returns (%)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

44

December 2018

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

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

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

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

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

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

45

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The Factsheet Published as on 12 January 2019

December 2018


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Documents

QUANTUM LONG TERM EQUITY VALUE FUND - QLTEVF 08 · QUANTUM VIEW 03 QUANTUM LONG TERM EQUITY VALUE FUND - QLTEVF 08 QUANTUM TAX SAVING FUND - QTSF 12 QUANTUM EQUITY FUND OF FUNDS -