quantum factsheet september 2017 combine€¦ · 2014 that there will be earning recovery. upside...

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil

Construction Project

Chemicals

Hotels, Resorts And Other…

Banks

Gas

Finance

Software

Power

Auto

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil


Chemicals


Banks

Gas

Finance

Software

Power

Auto

Ferrous MetalsTelecom - Services

Auto AncillariesPetroleum Products

CementOil

Construction ProjectChemicals

Hotels, Resorts And Other…Banks

GasFinance

SoftwarePower

Auto

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September 2017

INDEX

CONTENTS PAGE NO.

QUANTUM DYNAMIC BOND FUND - QDBF

HOW TO READ THE FACTSHEET

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QUANTUM NIFTY ETF - Q NIFTY

Equity Outlook

Atul Kumar- Head - Equity Funds

Nilesh Shetty - Associate Fund Manager - Equity

n the month of September 2017, S&P BSE Sensex lost 1.35%

on a total return basis. Despite the fall, the index has gained

18.85% in first 9 months of 2017. S&P BSE Midcap index and IS&P BSE Smallcap indices performed better than S&P BSE Sensex

during the month with returns of -0.57% and +0.89%

respectively. Both these indices have delivered stellar returns in 9

months 2017 of 29.74% and 34.67% respectively.

Among sectors, healthcare, auto and metal were among

the best performers for the previous month. Telecom, FMCG

and real estate were laggard sectors for the month. TRAI

announcement to reduce drastically the interconnect charges

by 60% and later abolish them reflected on the performance of

telecom stocks. Reliance Industries stock was down 2.05%

during the month.

FIIs were net sellers during the month of USD 1.65 billion

worth of equities. So far in the current calendar year, they have

purchased stocks worth USD 5.5 billion. Domestic institutions

(DIIs) countered the selling of FIIs with purchase of USD 3.2 billion

during the month. While mutual funds bought for USD 2.4 billion,

insurers also turned positive for the first time with buying of USD

797 million. INR had a significant depreciation during the month

of 2.15% against US dollar.

Financial markets globally have been running on steroids of

excess liquidity. There may be slight correction in that situation in

future. US Fed in its September meeting has taken steps to

reduce its balance sheet. It plans to sell securities that it bought

since 2008 financial crisis. Of the USD 4.5 trillion expanded

balance sheet, it will unwind starting with USD 10 billion per

month. This amount will climb gradually over time.

Europe on the other hand still continues to maintain

interest rates at near zero levels. Despite the improvement in

economic situation, it is unlikely to change interest rates in near

term. Japan, the other major developed economy, is facing some

political uncertainty. Its Prime Minister has called for snap

elections, looking to consolidate his majority further.

India's broad macroeconomic indicators look stable, even

as it has not fully capitalized on the opportunity offered by low

commodity prices and political certainty in past 3 years. Inflation

at 3.4% remains manageable and interest rates are at subdued

level. Fiscal deficit and current account deficit remain under

control. Crude oil prices remain under USD 60 a barrel, which

provides a comfort to the economy from major external shocks.

Exchange rate remains stable while country sits on all time high

foreign currency reserves. Monsoon has been close to normal,

with 5% deficiency.

Events such as demonetization and poor implementation of

GST have slowed down GDP growth considerably. GST system

which was a landmark reform in indirect taxation, has a number

of glitches. Companies are unaware of tax amount to be paid,

which should be communicated by the system. This leaves room

for confusion and litigations. Smaller businesses are in greater

trouble to comply with the new tax system. These events,

especially demonetization, put India on a path much below its

potential growth rate. Right wing fundamentalism such as cow

protection is having impact on animal husbandry and agriculture

sector.

One of the major constituents of GDP is investment

spending. Investment cycle has remain subdued for many years

now. Excess capacity creation till 2008, leveraged balance sheet

of corporates is some of the reasons behind investment cycle

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

especially in private sector. Investment pick up is also required to

create jobs, and that in turn drives consumption leading to a

virtuous cycle.

While animal spirits have not been unleashed in the

economy, the same is not true for equity markets. Primary

issuance through IPOs in the current year is reaching new highs.

Companies have tapped the markets to raise 17 billion USD

equity in 2017 year so far, which is the highest since the heady

days of 2007.Valuation demanded by many of them leave no

upside for the investor.

Outlook

We remain positive on Indian equities over long term. High

GDP growth relative to rest of the world, increasing consumption

and likely investment in infrastructure are key drivers for equity

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

Markets have been running up which is not supported by

earnings growth. Most sell side brokers continue to revise their

earning estimates downward. This happens despite hopes since

2014 that there will be earning recovery. Upside in Indian

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

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

make aggressive allocation to equities at this point of time.

However, they can invest moderate sums of money.

Data Source: Bloomberg

QUANTUM VIEW FOR SEPTEMBER 2017

QUANTUM VIEW 3September 2017

Market Returns % *

September 2017January-September

2017

S&P BSE SENSEX **

S&P BSE MIDCAP **

S&P BSE SMALL CAP **

-1.35

-0.57

0.89

18.85

29.74

34.67

BEST PERFORMER SECTORSHealthcare, Auto and Metal

LAGGARD SECTORS Telecom, FMCG and Real estate

* On Total Return Basis

Market Performance at a Glance

** Source-Bloomberg

Debt Outlook

Pankaj Pathak - Senior Manager - Fixed Income

he Indian bond yields grinded higher in September. The

ascent in yields was in line with the up move in global

yields after US Federal Reserve started the process of Ttrimming down its USD 4.5 trillion balance sheet. Media reports

said that government may expand fiscal deficit to stimulate

growth also hit the market sentiment. The 10 year benchmark

bond yield rose by 14 basis points (100 bps = 1%) to end the

month at 6.66% as against the close of 6.52% in previous month.

The Monetary Policy Committee (MPC) of the RBI kept the

policy rates unchanged at 6% with a vote of 5-1. It retained the

neutral stance with the objective of keeping the CPI inflation

near 4% (with +/- 2% deviation), while supporting growth.

Though the move was broadly in line with our expectation

but we anticipated a dovish tone from RBI reflecting on slower

economic momentum. The RBI did not pay much heed and

seemed optimistic about the growth recovery. It did, though, cut

its GVA estimates down to 6.7% from 7.3% for FY 18. It also raised

the CPI projection for H2FY18 marginally to 4.2%-4.6% and

highlighted upside risk to inflation from farm loan waivers and

fiscal slippage.

Consumer Price Inflation for the August rose to 3.36% yoy

(vs 2.36% in July) on the back of cyclical increase in food prices

and sharp upward revision in prices of petrol and diesel. The core

inflation which excludes food and fuel also shown sharp uptick in thAugust primarily due to hike in house rent allowance under 7

pay commission and initial effects of GST implementation. Going

forward as the base effect dissipates and the full effect of HRA

revision shows up, we expect the CPI inflation will move towards

RBI's medium term target of 4% by Q3FY18 and move up further

to around 4.5% by March 2018. These projections include the

direct statistical effect of HRA hike for government employees

which RBI has long communicated that it will look through.

Excluding housing from the headline CPI and recalculating CPI-ex

housing, suggests that CPI will remain below the 4% target and

thus offer Real Interest Rates of well more than 2%.

Liquidity with commercial banks remained in surplus to the

tune of `. 2 trillion. We expect that liquidity surplus will come

down as currency withdrawal from banks may increase during

the festive months of October-December. However, the liquidity

situation may still remain in surplus mode and RBI needs to

continue the OMO(Open Markets Operations) sales to bring it to

neutrality.

Developed market central banks remain on track of policy

normalization as economic data continued to be supportive. US

Federal Reserve initiated the program to normalize its balance

sheet which swelled to USD 4.5 trillion following Quantitative

Easing (QE) programs post 2008 financial crisis. Beginning this

month, it would reduce the holdings of US treasury bonds and

mortgage-backed securities at a pace of USD 10 billion a month

which will increase to USD 50 billion a month gradually.

Additionally, the Fed was slightly hawkish on rates front and

indicated a possibility of a rate hike end of 2017 and three hikes in

2018. European Central Bank (ECB) may also reduce the amount

of bond purchases as economic data continue to surprise on the

upside. Bank of Canada and Bank of England are also moving on

the path of tightening.

Outlook

Despite the rollback of accommodative policies in

developed economies, we expect that high real rates and

comfortable balance of payments position will continue to

attract foreigners into Indian debt market. Going ahead the bond

market will face some tough times as fiscal and inflation risk play

on investors mind in the backdrop of no monetary support from

the RBI. However, valuations have become attractive after the

recent sell off.

Any increase in fiscal deficit remains the most critical risk to

sentiment towards bonds and will be the key metric to track. A

large increase (more than 0.5%/GDP) will be seen very negatively

by the bond market and can lead to a further sell off in bonds.

Anything less than that can be absorbed by the market even at

current levels.

In the current inflation targeting regime of 4% (+/-2% )

Headline CPI Inflation + (1%-2%) Real Interest Rates, there is very

little chance for the Repo rate to meaningfully go and sustain

below 6%. In view of this we maintain our medium term neutral

stance over rates. However, we will keep looking for signs

mispricing in market and will positioned to exploit the

opportunity tactically.

Source: Bloomberg

Chirag Mehta - Senior Fund Manager -

Alternative Investments

World View

he specter of higher rates as implied by Fed's hawkish

posture accompanied by a seeming attempt to unwind

Fed's bloated balance sheet led to a renewed strength in Tthe dollar and declining gold prices. Odds of a Fed rate hike by

December rose to about 70 percent, up from less than 30 percent

a month ago. Markets perceived a remarkable shift in political

focus in Washington from the hapless healthcare overhaul to

more growth-friendly issues like tax cuts and reforms aggravated

pressure on gold prices. The backdrop of rising geopolitical

tension didn't prove enough to stall the decline in gold prices.

Gold prices ended the month below the psychological $1300 an

ounce mark at $1280, a decline of 3.1% for the month.

A risk-on environment as well as a high probability that the

Gold Outlook

QUANTUM VIEW4 September 2017

Federal Reserve will implement one last interest rate hike for this

year have weighed heavily on the price of gold. The signal that an

interest-rate hike in December was probable was less impactful

than the overall tone which suggested that the Fed would raise

three additional times in 2018. Fed's hawkishness is largely

relating to the urgency related to normalize monetary policy as

opposed to the presence of an ideal economic backdrop. Yellen

said that it would be imprudent to leave rates on hold until

inflation reaches 2 percent this year. She also admitted that the

Fed may have misjudged the recovery but insisted that rate hikes

were coming and that gradually raising interest rates is the most

appropriate policy approach amid higher uncertainty about

inflation.

Federal Reserve also announced the initiation of their process to

liquidate the massive $4.5 trillion balance sheet starting October,

with the initial liquidation of $10 billion. The great unwinding

contains uncertainty. Never in the history of the Federal Reserve

have they acquired such a massive balance sheet, nor have they

moved towards a process of liquidating that balance sheet.

In as much as the tension between North Korea and the United

States has escalated to a new level, it is still for the most part

based upon threats and rhetoric from both sides. Yellen's

hawkish comments overshadowed the earlier heated North

Korean war of words.

Outlook

As the Fed prepares to shrink its $4.5 trillion balance sheet

from October, the bank could also lower its prediction for the

pace of further rate hikes as price increases stay muted. The fact

that the Fed members lowered their forecast for their own future

Fed funds rate indicates that the Fed may again kind of

undershoot what they're predicting they're going to do for rates.

The intent may be there but it will remain data dependent

and there is no certainty that U.S. economic growth can sustain

that level of tightening. Unexpected decline in August retail sales

raised concern over the economy's strength. The August decline

in sales and downward revisions to the prior months make it

more likely that consumption, the biggest part of the economy,

will be hard-pressed to match the 3.3 percent growth pace of the

prior quarter. Fed's Beige Book report also revealed that the

majority of districts reported limited wage pressures and modest

to moderate wage growth. Federal Reserve Governor Lael

Brainard's comments also reflected a similar sentiment who said

the U.S. central bank needs to pay careful attention to underlying

inflation before raising rates again, as longer-run price pressure

trends appear to be lower.

Gold could quickly recover from its recent slide as the

Federal Reserve may raise interest rates less than forecast

because of low inflation and also there lies high probability

for U.S. tax reforms to disappoint, while global political risks

abound. Tax cuts and infrastructure spending do help boost

the economy. However, this requires huge funding and the

more relevant question becomes where is the money

coming from? It's premised on hope. Let's spend now and

the resulting growth will pay the bill later. The deficit will

balloon, and if the Fed raises rates, it will create higher

borrowing costs to service the growing deficit and in no time

the dollar will come under pressure. In conclusion, U.S. fiscal

policy represents the biggest upside risk for gold and all the

more when other central banks are looking to join the

monetary policy tightening bandwagon.

Given the current macroeconomic scenario, we expect

downsides in gold to be capped and prices to move up

gradually albeit with increased volatility. We reiterate that

the real positive trigger for gold would be when market

expects Fed to be unable to normalize monetary policy and

see it reverse its course at first signs of crisis.

The world is in great 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 macro backdrop, gold will be a useful

portfolio diversification tool and thereby helping you to

reduce overall portfolio risk.

Source:Bloomberg

QUANTUM VIEW 5

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

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

September 2017

Scheme FeaturesNature of Scheme Open-ended Equity Scheme

Investment Objective

Benchmark IndexS&P BSE 30 Total Return Index

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

Total Experience 10 yrs.

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

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

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

Investment Options

Minimum Application Amount ( Under each Option)

Declaration of Net Asset Value (NAV)Every Business Day

Redemption Proceeds

An Open ended Equity Scheme

Rs.

QUANTUM LONG TERM EQUITY FUND

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

Ÿ Long term capital appreciation.

Ÿ Investments in equity and equity related securities of companies in

S&P BSE 200 index.

Ÿ High Risk (BROWN)

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

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

Entry/ Sales Load

Exit Load

Not ApplicableUpfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.

Repurchase/ Redemption/Switch Out -On or before 180 days from the date of allotment 4.00%,after 180 days but on or before 365 days from the date of allotment 3.00%,after 365 days but on or before 545 days from the date of allotment 2.00%,after 545 days but on or before 730 days from the date of allotment 1.00%,after 730 days from the date of allotment Nil

#Taxation Tax on Long Term Capital Gains - Nil

Tax on Short Term Capital Gains - 15%

An Open-ended Equity Scheme

Mr. Atul Kumar ( Since November 15, 2006)

16 yrs.

Mr. Nilesh Shetty (Since March 28, 2011)

13 yrs.

March 13, 2006

1.29% (Inclusive of Statutory Levies and Taxes)


Every Business Day

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

LOW HIGH

Hig

hLo

w

derao teM Moderately

High

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

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

• Long term capital appreciation• Invests Primarily in equity and equity related securities of companies in S&P BSE 200 index

Product Labeling

Investors understand that their principal will be at Moderately High Risk

Riskometer

Current Expense Ratio Direct Plan

Current Expense Ratio Regular Plan

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


S&P BSE 30 Total Return Index

QUANTUM LONG TERM EQUITY FUND6


Septembert 2017

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

#The mentioned Tax Rates shall be increased by applicable surcharge, if any Education Cess @ 2% and Secondary higher education cess @ 1% where ever as applicable. Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes.

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

Processed through RTGS/NEFT mode on T +3 basis from the date of transaction where the investor’s Bank details are available.Processed through cheque on T+3 basis from the date of transaction where the required Bank details of investor are not available.

Quantum Long Term Equity Fund Performance as on September 29, 2017

^^Standard Deviation: 12.68% Beta: 0.87 Sharpe Ratio: 0.45

Past performance may or may not be sustained in the future. Load is not taken into consideration using applicable NAV on the SIP day

(5th of every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of

uniform and regular monthly subscriptions as on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day)

and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of

cash flow. Assuming ̀10,000 invested every month on 5th day of every month (in case 5th is a non-Business Day, then the next Business

Day), the 1 year, 3 years, 5 years, 7 years, 10 years and since inception returns from SIP are annualized and compounded investment

return computed on the assumption that SIP installments were received across the time periods from the start date of SIP from the end of

the relevant period viz. 1 year, 3 years, 5 years, 7 years, 10 years and since Inception. *XIRR - XIRR calculates the internal rate of return to

measure and compare the profitability of series of investments.

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

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

Different Plans shall have different expense structure.

Brokerages & Commissions Details

Brokerages on Investments for September 2017 ` 2,66,535.71

Distributor Commissions paid during September 2017 ` 13,477.96

SIP Performance of Quantum Long Term Equity Fund as on September 29, 2017 - Direct Plan - Growth Option

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

QUANTUM LONG TERM EQUITY FUND 7

Total Amount Invested (`‘000)

Mkt Value as on September 29, 2017 (`‘000)

Returns (XIRR*) (%)

Benchmark (XIRR*) (%) S&P BSE 30 TRI

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

1,380.00 1,200.00 840.00 600.00 360.00 120.00

3,564.49 2,768.94 1,452.92 895.07 441.39 127.48

15.57 15.99 15.43 16.09 13.83 12.13

10.87 11.20 11.50 11.59 9.84 15.17

9.26 9.56 9.84 9.94 8.27 13.31

10 Years SIP

September 2017

Scheme

Returns (%)

S&P BSE 30 TRI

Returns (%)

S&P BSE 30 TRI

Returns (`)

S&P BSE Sensex

Returns (%)

S&P BSE Sensex

Returns (`)

Scheme Returns ( )`

Period

Quantum Long Term Equity Fund - Direct Plan - Growth Option

September 30, 2016 to September 29, 2017 (1 year)

September 30, 2014 to September 29, 2017 (3 years)




Since Inception (13th March 2006)

12.73 13.78 12.30 11,270 11,374 11,227

11.49 6.99 5.51 13,856 12,249 11,747

15.97 12.39 10.75 20,997 17,942 16,673

11.66 8.15 6.54 21,641 17,310 15,588

13.12 7.64 6.10 34,350 20,899 18,092

15.09 11.24 9.63 50,770 34,262 28,956

page no.32

The Scheme is co-managed by Mr. Atul Kumar and Mr. Nilesh Shetty.For other Schemes Managed by Mr. Atul Kumar and Mr. Nilesh Shetty please see Mr. Atul Kumar is the Fund Manager effective from November 15,2006Mr. Nilesh Shetty is the Associate Fund Manager effective from March 28,2011.

Performance of the Scheme

Direct Plan(`/Unit)

(as on September 29, 2017)

NAV Regular Plan(`/Unit)

Dividend Option 51.20 51.06

Growth Option 50.77 50.73

*Cumulative Daily AuM /No of days in the month


AUM`(In Crores)

Average AUM* 804.31

Absolute AUM 804.64

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

Name of Instrument Quantity Market Value In Lakhs

% to Net Assets

Industry / Rating

* Cash & Cash Equivalents

Portfolio Turnover Ratio (Last one year): 19.82%

^^ thRisk Free Rate assumed to be 6.05% (FBIL Overnight MIBOR for 30 September 2017) for calculating Sharpe Ratio.

Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.DefinitionsStandard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability.Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of less than 1 means that thesecurity will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe ratio, the better its risk-adjusted performance has been.Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year.

Note:

Industry Allocation (% of Net Assets) as on September 30, 2017

EQUITY & EQUITY RELATED

A) Listed /Awaiting listing on the Stock Exchanges

1. Bajaj Auto Limited Auto 1,93,758 6,024.71 7.492. Hero MotoCorp Limited Auto 1,41,185 5,329.10 6.623. Housing Development Finance Corporation Limited Finance 2,55,519 4,451.52 5.534. Infosys Limited Software 4,72,033 4,247.82 5.285. Tata Consultancy Services Limited Software 1,66,392 4,053.23 5.046. NTPC Limited Power 19,20,869 3,216.50 4.007. ICICI Bank Limited Banks 11,10,131 3,070.62 3.828. State Bank of India Banks 11,26,266 2,859.03 3.559. Exide Industries Limited Auto Ancillaries 13,41,638 2,763.10 3.4310. GAIL (India) Limited Gas 6,57,874 2,756.82 3.4311. PTC India Limited Power 22,13,468 2,719.25 3.3812. Tata Motors Limited Auto 6,74,825 2,709.42 3.3713. Cipla Limited Pharmaceuticals 4,44,393 2,604.59 3.2414. Power Grid Corporation of India Limited Power 11,93,978 2,519.29 3.1315. Oil & Natural Gas Corporation Limited Oil 14,72,457 2,517.17 3.1316. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 21,49,999 2,500.45 3.1117. Wipro Limited Software 8,56,283 2,399.73 2.9818. Lupin Limited Pharmaceuticals 1,78,911 1,814.16 2.2519. Tata Steel Limited Ferrous Metals 2,48,106 1,619.02 2.0120. Tata Chemicals Limited Chemicals 2,02,325 1,301.25 1.6221. Larsen & Toubro Limited Construction Project 86,632 989.38 1.2322. Bharti Airtel Limited Telecom - Services 1,86,693 727.08 0.90B) Unlisted NIL NIL NILTotal of all Equity 63,193.24 78.54MONEY MARKET INSTRUMENTS A) Treasury Bills (T-Bill)1. 364 Days Tbill (MD 21/06/2018) Sovereign 50,000 47.85 0.06Total of T-Bill 47.85 0.06B) Collateralised Borrowing & Lending Obligation (CBLO)* 16,512.47 20.52Total of Money Market Instruments 16,560.32 20.58Net Receivable/(payable) 710.41 0.88Grand Total 80,463.97 100.00

QUANTUM LONG TERM EQUITY FUND8 September 2017

Portfolio as on , 2017September 30

0.90%

1.23%

1.62%

2.01%

3.11%

3.13%

3.43%

3.43%

5.49%

5.53%

7.37%

10.51%

13.30%

17.48%

0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%

Telecom - Services


Chemicals

Ferrous Metals

Hotels, Resorts And Other Recreational Activities

Oil

Gas

Auto Ancillaries

Pharmaceuticals

Finance

Banks

Power

Software

Auto

Scheme FeaturesNature of Scheme An

3 years

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


Benchmark Index S&P BSE 30 Total Return Index

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

Fund Manager’s Total Experience 16 yrs.

Inception Date (Date of Allotment) December 23, 2008

Investment Options

Declaration of Net Asset Value (NAV) Every Business Day

Redemption Proceeds

QUANTUM TAX SAVING FUND

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

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

Entry/ Sales Load

Exit Load Nil


Growth & Dividend

Not Applicable

Upfront commission to distributors will be paid by the investor directly

to the distributor, based on his assessment of various factors including

the service rendered by the distributor.

Taxation# Tax on Long Term Capital Gains - Nil


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

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

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

• 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.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High



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

Total Experience 11 yrs.

9September 2017 QUANTUM TAX SAVING FUND











Declaration of Net Asset Value (NAV)

Redemption ProceedsProcessed through RTGS/NEFT mode on T +3 basis from the date of transaction where the investor’s Bank details are available.Processed through cheque on T+3 basis from the date of transaction where the required Bank details of investor are not available.



SIP Performance of Quantum Tax Saving Fund as on September 29, 2017 - Direct Plan - Growth Option

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

Quantum Tax Saving Fund Performance as on September 29, 2017


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


and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of cash

flow. Assuming ̀10,000 invested every month on 5th day of every month (in case 5th is a non-Business Day, then the next Business Day),

the 1 year, 3 years, 5 years, 7 years, and since inception returns from SIP are annualized and compounded investment return computed on

the assumption that SIP installments were received across the time periods from the start date of SIP from the end of the relevant period

viz. 1 year, 3 years, 5 years, 7 years and since Inception. *XIRR - XIRR calculates the internal rate of return to measure and compare the

profitability of series of investments.

Brokerages & Commissions Details.

Brokerages on Investments for September 2017 ` 32,666.58

Distributor Commissions paid during September 2017 ` 210.59

7 Years SIP

1,050.00 840.00 600.00 360.00 120.00

2,156.17 1,452.59 895.49 441.48 127.52

15.93 15.43 16.11 13.84 12.18

11.76 11.50 11.59 9.84 15.17

10.08 9.84 9.94 8.27 13.31

Scheme

Returns (%)

Period

Quantum Tax Saving Fund - Direct Plan - Growth Option





Since Inception (23rd Dec 2008)

12.91 13.78 12.30 11,287 11,374 11,227

11.37 6.99 5.51 13,815 12,249 11,747

15.99 12.39 10.75 21,013 17,942 16,673

11.50 8.15 6.54 21,428 17,310 15,588

20.20 15.99 14.29 50,260 36,754 32,295

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

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

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

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


page no. 32


10 September 2017

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







AUM`(In Crores)

Average AUM* 64.44

Absolute AUM 64.30

Scheme Returns ( )`

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





Returns (XIRR*) (%)




S&P BSE 30 TRI

Returns (%)

S&P BSE Sensex

Returns (%)

S&P BSE 30 TRI

Returns (`)

S&P BSE Sensex

Returns (`)


% to Net Assets

Industry




Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.DefinitionsStandard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability.Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of less than 1 means that thesecurity will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe ratio, the better its risk-adjusted performance has been.Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year.

Note:

Industry Allocation (% of Net Assets) as on September 30 2017

EQUITY & EQUITY RELATED

A) Listed /Awaiting listing on the Stock Exchanges

1. Bajaj Auto Limited Auto 15,560 483.82 7.52

2. Hero MotoCorp Limited Auto 11,395 430.11 6.69

3. Housing Development Finance Corporation Limited Finance 24,527 427.30 6.65

4. Infosys Limited Software 39,249 353.20 5.49

5. Tata Consultancy Services Limited Software 13,780 335.67 5.22

6. NTPC Limited Power 1,64,298 275.12 4.28

7. ICICI Bank Limited Banks 97,504 269.70 4.19

8. Tata Motors Limited Auto 61,526 247.03 3.84

9. State Bank of India Banks 96,079 243.90 3.79

10. Exide Industries Limited Auto Ancillaries 1,16,963 240.89 3.75

11. Cipla Limited Pharmaceuticals 40,620 238.07 3.70

12. Oil & Natural Gas Corporation Limited Oil 1,34,089 229.23 3.56

13. PTC India Limited Power 1,83,655 225.62 3.51

14. GAIL (India) Limited Gas 52,924 221.78 3.45

15. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 1,86,386 216.77 3.37

16. Power Grid Corporation of India Limited Power 96,423 203.45 3.16

17. Wipro Limited Software 71,038 199.08 3.10

18. Lupin Limited Pharmaceuticals 16,193 164.20 2.55

19. Tata Steel Limited Ferrous Metals 19,950 130.18 2.02

20. Larsen & Toubro Limited Construction Project 11,383 130.00 2.02

21. Tata Chemicals Limited Chemicals 16,030 103.10 1.60

22. Bharti Airtel Limited Telecom - Services 13,980 54.45 0.85

B) Unlisted NIL NIL NIL

Total of all Equity 5,422.67 84.31

MONEY MARKET INSTRUMENTS

A) Collateralised Borrowing & Lending Obligation (CBLO)* 944.85 14.69

Net Receivable/(payable) 62.69 1.00

Grand Total 6,430.21 100.00


QUANTUM TAX SAVING FUND 11September 2017

Hotels, Resorts And Other Recreational Activities

0.85%

1.60%

2.02%

2.02%

3.37%

3.45%

3.56%

3.75%

6.25%

6.65%

7.98%

10.95%

13.81%

18.05%

0% 5% 10% 15% 20%

Telecom - Services

Chemicals

Ferrous Metals


Gas

Oil

Auto Ancillaries

Pharmaceuticals

Finance

Banks

Power

Software

Auto

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


Benchmark Index S&P BSE 200 Index

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


Inception Date (Date of Allotment) July 20, 2009



Every Business Day

QUANTUM EQUITY FUND OF FUNDS

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

Entry/ Sales Load

Exit Load

Research Services

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

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

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

Quantum Information Services Private Limited (QIS) which owns the website www.PersonalFN.comis the designated agency to provide a recommended list of diversified equity schemes to Quantum Equity Fund of Funds. The investments in diversified equity schemes is made by Quantum Equity Fund of Funds based on / from that recommended list of diversified equity schemes provide by QIS.

Not Applicable

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

An Open ended Equity Fund of Funds Scheme

QUANTUM EQUITY FUND OF FUNDS12 September 2017

FII’s / Overseas Financial Organisations

Partnership Firm Non Resident IndiansIndian

CompaniesForeign Companies

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

Indexation

10% without Indexation (on transfer

of long term capital assets being

unlisted securities)

20% with

Indexation

10% without Indexation (on

transfer of long term capital

assets being unlisted securities)

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

Resident Individuals & HUFTax on Capital Gains *

LOW HIGH

Hig

hLo

w


High


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

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

Product Labeling

Riskometer


#The mentioned Tax Rates shall be increased by applicable surcharge, if any Education Cess @ 2% and Secondary higher education cess @ 1% where ever as applicable. Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes.The Schemes which are selected for investments in QEFOF based on QIS / PFN Research.TRANSACTION CHARGES: No Transaction Charges shall be deducted from the investment amount for applications received in the Regular Plan.



Redemption Proceeds









Investment Options


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

SIP Performance of Quantum Equity Fund of Funds as on September 29, 2017 - Direct Plan - Growth Option

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

Quantum Equity Fund of Funds Performance as on September 29, 2017





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 EQUITY FUND OF FUNDS 13

980.00 840.00 600.00 360.00 120.00

1,892.32 1,524.91 945.85 447.73 131.21

15.70 16.80 18.36 14.83 18.32

11.55 12.45 13.48 12.00 16.97

9.38 9.84 9.94 8.27 13.31

7 Years SIP

2017 September

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

Scheme

Returns (%)

Scheme

Returns (`)

Period

Quantum Equity Fund of Funds - Direct Plan - Growth Option





Since Inception (20th July 2009)

16.45 15.14 12.30 11,640 11,509 11,227

13.56 9.60 5.51 14,646 13,164 11,747

17.70 13.14 10.75 22,607 18,551 16,673

11.65 7.80 6.54 21,638 16,917 15,588

15.46 10.78 9.21 32,522 23,158 20,594

page no.32, 33


Direct Plan(`/Unit)







AUM

` (In Crores)

Average AUM* 14.98

Absolute AUM 14.87

Brokerages on Investments for 2017


September NIL




S&P BSE

200 Index

Returns (%)

S&P BSE 200 Index

Returns (`)

S&P BSE

Sensex

Returns (%)

S&P BSE Sensex

Returns (`)



Returns (XIRR*) (%)





% to Net Assets

MUTUAL FUND UNITS


Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.DefinitionsStandard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability.Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of less than 1 means that thesecurity will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe ratio, the better its risk-adjusted performance has been.

Note:

QUANTUM EQUITY FUND OF FUNDS14


September 2017

1. HDFC Mid Cap Opportunities Fund -Direct Plan - Growth Option 3,98,956 220.13 14.80

2. Mirae Asset India Opportunities Fund - Direct Plan - Growth 4,65,328 214.45 14.42

3. Adiyta Birla Sun Life Frontline Equity Fund - Growth - Direct Plan 93,205 202.91 13.64

4. SBI Magnum Multiplier Fund -Direct Plan -Growth 99,924 201.64 13.56

5. ICICI Prudential Focused Bluechip Equity Fund - Direct Plan - Growth 5,06,873 197.98 13.31

6. Franklin India Prima Plus - Direct - Growth 34,477 197.17 13.26

7. Franklin India High Growth Companies Fund - Direct - Growth 5,10,683 194.91 13.11

Total of Mutual Fund Units 1,429.19 96.10




Grand Total 1,487.23 100.00

Portfolio as on September 30, 2017

Scheme FeaturesNature of Scheme


Benchmark Index

Fund Manager

Fund Manager’s Total Experience

Inception Date (Date of Allotment)


Redemption Proceeds

QUANTUM DYNAMIC BOND FUND

Entry/ Sales Load

Exit Load

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


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

• Regular income over short to medium term and capital appreciation

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

Riskometer

Product Labeling

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil


Chemicals


Banks

Gas

Finance

Software

Power

Auto

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil


Chemicals


Banks

Gas

Finance

Software

Power

Auto



CementOil



GasFinance

SoftwarePower

Auto

CRISIL Composite Bond Fund Index

Mr. Pankaj Pathak (Since March 01, 2017)

8 yrs.

May 19, 2015

Every Business Day

Nil


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

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

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

OrganisationsPartnership Firm Non Resident Indians

Indian



Indexation




20% with

Indexation





LOW HIGH

Hig

hLo

w


High

Investors understand that their principal will be at Moderate Risk

Investment Options

Minimum Application Amount ( Under each Option) Purchase: ` 500/- and in multiples of ` 1/- thereafter.

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

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

QUANTUM DYNAMIC BOND FUND 15September 2017













Scheme

Returns (%)

CRISIL Composite

Bond Fund Index

Returns (%)

CRISIL Composite

Bond Fund Index

Returns (`)

CRISIL 10 Year

Gilt Index

Returns (%) CRISIL 10 Year

Gilt Index

Returns (`)

Scheme

Returns (`)

Period

Quantum Dynamic Bond Fund - Direct Plan - Growth Option


Since Inception (19th May 2015)

10.39 7.94 6.83 11,036 10,792 10,681

11.55 9.90 9.21 12,956 12,506 12,323

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil


Chemicals


Banks

Gas

Finance

Software

Power

Auto

Ferrous Metals

Telecom - Services

Auto Ancillaries

Petroleum Products

Cement

Oil


Chemicals


Banks

Gas

Finance

Software

Power

Auto



CementOil



GasFinance

SoftwarePower

Auto

Weighted Average Maturity as on September 30, 2017 (In Yrs.)

At the end of the month 11.91

Modified Duration 7.33

Portfolio Yield 6.95%


Brokerages on Investments for 2017

Distributor Commissions paid during September 2017 ` 2,251.65

September ` 4,000.00

Quantum Dynamic Bond Fund Performance as on September 29, 2017For other Schemes Managed by Mr. Pankaj Pathak please see

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




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

QUANTUM DYNAMIC BOND FUND

page no.34


16 September 2017

Direct Plan(`/Unit)




Monthly Dividend Option 10.1542 10.1544



AUM`(In Crores)

Average AUM* 91.11

Absolute AUM 90.67

Dividend History - Monthly Dividend option

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

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

(`)

Non Individual

Direct Plan Regular Plan

Non IndividualIndividual Individual

25-Jul-17 0.08160030 0.07498606 0.08086242 0.07430798

28-Aug-17 0.06238050 0.05732415 0.06159962 0.05660656

25-Sep-17 0.03999056 0.03674906 0.03899186 0.03583131


QUANTUM DYNAMIC BOND FUND 17September 2017


Portfolio as on September 30, 2017Name of Instrument Market

Value In Lakhs

% to Net Assets

Rating

DEBT INSTRUMENTS

A) Listed /Awaiting listing on Stock Exchanges NIL NIL

I) Government Securities

1. 6.68% GOI (MD 17/09/2031) Sovereign 2,460.00 27.13

2. 7.73% GOI (MD 19/12/2034) Sovereign 2,101.62 23.18

3. 8.28% GOI (M/D 21/09/2027) Sovereign 1,623.81 17.91

4. 8.97% GOI (MD 05/12/2030) Sovereign 1,150.63 12.69

5. 7.72% GOI (MD 25/05/2025) Sovereign 522.21 5.76

Total of Government Securities 7,858.27 86.67

II) Corporate Bonds

1. 7.24 RECL Ltd NCD (MD 21/10/2021) ICRA AAA 501.98 5.54

B) Privately Placed/Unlisted NIL NIL

C) Securitized Debt Instruments NIL NIL

Total of Debt Instruments 8,360.25 92.21


A) Treasury Bills (T-Bill)

1. 364 Days Tbill (MD 21/12/2017) Sovereign 49.34 0.54

Total of T-Bills 49.34 0.54

B) Collateralised Borrowing & Lending Obligation (CBLO)* 1,067.68 11.78

Total of Money Market Instruments 1,117.02 12.32

Net Receivable / (Payables) (410.30) -4.53

Grand Total 9,066.97 100.00

Asset Allocation (% of Net Assets)

as on September 30, 2017

Rating Profile (% of Net Asset)

as on September 30, 2017

Sovereign

AAA

CBLO & Net Receivable /CBLO & Net Receivable / (Payable)(Payable)

Govt. Securities & Treasury Bills

Public Financial Institution

& Treasury Bills,

87.21%

Govt. Securities

CBLO & Net Receivable /

(Payable)7.25%

Public FinancialInstitution

5.54%

Sovereign87.21%

AAA5.54%

CBLO & Net Receivable /

(Payable)7.25%

Scheme FeaturesNature of Scheme An Open-ended Liquid Scheme


Benchmark Index Crisil Liquid Fund Index

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


QUANTUM LIQUID FUND

Exit Load Nil

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



Indian



Indexation




20% with

Indexation





An Open ended Liquid Scheme


Quantum Liquid Fund(An Open- ended Liquid Scheme)

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

Product Labeling

Riskometer

Investors understand that their principal will be at Low risk

LOW HIGH

Hig

hLo

w


High

Inception Date (Date of Allotment) April 7, 2006

Investment Options



Redemption Proceeds

Entry/ Sales Load

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

Not Applicable

Upfront commission to distributors will be paid by the investor directly

to the distributor, based on his assessment of various factors including

the service rendered by the distributor.

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

` ` ` `

``

QUANTUM LIQUID FUND18 September 2017













Scheme

Returns (%)

Benchmark

Returns (%) #

Additional

Benchmark

Returns (%) ##

Scheme (`)

Period

Quantum Tax Saving Fund

5.97 6.55 6.83 10,011 10,013 10,013

5.79 6.33 5.99 10,024 10,026 10,025

5.72 6.36 6.06 10,047 10,052 10,050

6.10 6.70 6.08 10,610 10,670 10,608

7.13 7.64 7.42 12,298 12,474 12,397

7.79 8.20 7.26 14,551 14,831 14,198

8.08 8.20 7.11 17,229 17,365 16,176

7.65 7.57 6.45 20,913 20,757 18,686

7.59 7.46 6.30 23,186 22,873 20,174

Scheme

Returns (%)

Crisil Liquid

Fund Index

Reutrns (%)

Crisil Liquid

Fund Index

Reutrns (`)

Crisil 1 year

T-bill Index

Returns (%)

Crisil 1 year

T-bill Index

Returns (`)

Scheme

Returns (`)

Period

Quantum Liquid Fund - Direct Plan - Growth Option

September 23, 2017 to September 30, 2017 (7 Days)*

September 15, 2017 to September 30, 2017 (15 Days)*

August 31, 2017 to September 30, 2017 (1 Month)*

September 30, 2016 to September 30, 2017 (1 year)**

September 30, 2014 to September 30, 2017 (3 years)**




Since Inception (07th April 2006)**

Quantum Liquid Fund Performance as on September 30, 2017


Weighted Average Maturity as on September 30, 2017 (Days)

At the end of the month 43

Average during the month 41

Modified Duration 41

QUANTUM LIQUID FUND


Brokerages on Investments for September 2017Distributor Commissions paid during September 2017 ` 450.32

Portfolio Yield 5.99%

` 4,000.00

For other Schemes Managed by Mr. Pankaj Pathak please see

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

19September 2017

page no.34

Direct Plan(`/Unit)



Daily Dividend Option 10.0072 10.0057


Monthly Dividend Option 10.0139 10.0134 *Cumulative Daily AuM /No of days in the month


AUM

`(In Crores)

Average AUM* 122.82

Absolute AUM 126.78

Dividend History - Monthly Dividend option

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

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

(`)

Non Individual

Direct Plan Regular Plan

Non IndividualIndividual Individual

25-Jul-17 0.03265045 0.03000392 0.03415319 0.03138485

28-Aug-17 0.03901896 0.03585621 0.03857926 0.03545215

25-Sep-17 0.03134654 0.02880569 0.03101056 0.02849695


* Simple Annualized.

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



Name of Instrument Residual Maturity (in days)

Market Value In Lakhs

% to Net Assets

Rating

DEBT INSTRUMENTSA) Listed /Awaiting listing on Stock Exchanges NIL NIL NIL

B) Privately Placed/Unlisted NIL NIL NIL

C) Securitized Debt Instruments NIL NIL NIL

Total of Debt Instruments NIL NIL


A) Commerical Papers (CP)1. National Bank For Agri & Rural CP (MD 08/12/2017) CRISIL A1+ 69 988.73 7.80

Total of CPs 988.73 7.80

B) Treasury Bills (T-Bill)

1. 91 Days Tbill (MD 09/11/2017) Sovereign 40 1,987.13 15.67





6. 91 Days Tbill (MD 12/10/2017) Sovereign 12 998.18 7.87

Total of T-Bills 9,422.96 74.31

C) Collateralised Borrowing & Lending Obligation (CBLO)* 2,222.47 17.53

Total of Money Market Instruments 12,634.16 99.64

Net Receivable / (Payables) 44.32 0.36

Grand Total 12,678.48 100.00

QUANTUM LIQUID FUND


20 September 2017


Rating Profile (% of Net Asset) as on September 30, 2017

CBLO & Net Receivable / (Payable)

Govt. Securities

Public Financial Institution


A1+

Sovereign

Asset Allocation (% of Net Assets) as on September 30, 2017

CBLO & Net /(Payable)

17.89%

Receivable Public Financial

Institution7.80%

Govt. Securities74.31%

CBLO & Net /(Payable)

17.89%

Receivable

Sovereign74.31%

A1+7.80%

Scheme FeaturesNature of Scheme An Open ended Fund of Fund Scheme


Benchmark Index Domestic Price of Gold

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


Inception Date (Date of Allotment) May 19, 2011

Investment Options



Redemption Proceeds

QUANTUM GOLD SAVINGS FUND

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

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

Entry/ Sales Load

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

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

Growth




Indian



Indexation




20% with

Indexation





An Open ended Fund of Fund Scheme


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

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

Traded Fund whose underlying investments are in physical gold.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High


QUANTUM GOLD SAVINGS FUND 21September 2017











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

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

Scheme

Returns (%)

Scheme (`)

Period


Scheme

Returns (%) Domestic

Price of Gold

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

Scheme Returns (`)

Period

Quantum Gold Savings Fund - Direct Plan




Since Inception (19th May 2011)

-5.95 -6.01 9,406 9,401

1.94 3.78 10,593 11,178

-2.47 -1.18 8,821 9,422

3.42 4.90 12,388 13,565

Quantum Gold Savings Fund Performance as on September 29, 2017For other Schemes Managed by Mr. Chirag Mehta please see Mr. Chirag Mehta is the Fund Manager effective from May 19,2011.




22 September 2017 QUANTUM GOLD SAVINGS FUND


page no.32, 33




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.




SIP Performance of Quantum Gold Savings Funds as on September 29, 2017 - Direct Plan

Since Inception SIP 3 Years SIP 1 Year SIP



Returns (XIRR*) (%)

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

760.00 600.00 360.00 120.00

765.71 604.63 373.80 120.67

0.23 0.30 2.48 1.07

1.75 1.92 3.74 3.82

5 Years SIP

Direct Plan(`/Unit)






AUM` (In Crores)

Average AUM* 13.87

Absolute AUM 14.03



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

Asset Allocation (% of Net Assets) as on September 30, 2017

Units of Quantum Gold 99.77%

Fund

Units of Quantum Gold Fund


CBLO & Net Receivable / 0.23%

(Payable)

23September 2017 QUANTUM GOLD SAVINGS FUND


% to Net Assets

A) EXCHANGE TRADED FUND UNITS

1. Quantum Gold Fund 1,05,478 1,399.48 99.77

Total of Exchange Traded Funds 1,399.48 99.77

B) MONEY MARKET INSTRUMENTS

1. Collateralised Borrowing & Lending Obligation (CBLO)* 0.93 0.07


Grand Total 1,402.73 100.00



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


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

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

Fund Manager’s Total Experience 13 yrs


Investment Options



Redemption Proceeds

QUANTUM MULTI ASSET FUND

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

Entry/ Sales Load

Exit Load Repurchase/ Redemption/ Switch Out - a) On or before 90 days from the date of allotment 1.00%.b) After 90 days from the date of allotment Nil

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

Growth


An Open-ended Fund of Funds Scheme

Fund Manager Mr. Nilesh Shetty (Since July 11, 2012)Total Experience 13 yrs



Indian



Indexation




20% with

Indexation






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

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

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

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High


24 September 2017 QUANTUM MULTI ASSET FUND




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






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

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

Direct Plan(`/Unit)




Scheme

Returns (%)

Benchmark

Returns (%) #

Additional

Benchmark

Returns (%) ##

Scheme (`) S&P BSE- 30

TRI (RS.) #

S&P BSE

Sensex

(RS.) ##

Period


Scheme

Returns (%)

Benchmark

Returns (%) #

Benchmark

Returns (`) #

Scheme

Returns (`)

Period

Quantum Multi Asset Fund - Direct Plan





8.16 8.58 10,814 10,856

8.47 7.93 12,762 12,574

9.68 8.89 15,878 15,313

10.29 9.62 16,680 16,159

SIP Performance of Quantum Multi Asset Fund as on , 2017 - Direct PlanSeptember 29

Since Inception SIP 3 Years SIP5 Years SIP

Quantum Multi Asset Fund Performance as on September 29, 2017



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

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

*XIRR - XIRR calculates the internal rate of return to measure and compare the profitability of series of investments.

1 Year SIP



Distributor commissions paid during September 2017 ` 7.93



Returns (XIRR*) (%)

Benchmark (XIRR*) (%) #

620.00 600.00 360.00 120.00

803.42 770.30 414.35 125.35

10.01 9.99 9.44 8.62

9.35 9.34 8.85 10.24

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


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



September 2017 QUANTUM MULTI ASSET FUND


25

page no.32, 33



AUM

`(In Crores)

Average AUM* 12.33

Absolute AUM 12.37


^^ Note:thRisk Free Rate assumed to be 6.05% (FBIL Overnight MIBOR for 30 September 2017) for calculating Sharpe Ratio.

Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns.DefinitionsStandard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability.Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of less than 1 means that thesecurity will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe ratio, the better its risk-adjustedperformance has been.

26 September 2017 QUANTUM MULTI ASSET FUND



% to Net Assets

A) MUTUAL FUND UNITS1. Quantum Liquid Fund - Direct Plan Growth Option 19,41,907 450.17 36.40

2. Quantum Long Term Equity Fund - Direct Plan Growth Option 6,81,415 345.95 27.98

3. Quantum Dynamic Bond Fund - Direct Plan Growth Option 11,35,288 147.08 11.89

Total of Mutual Fund Units 943.20 76.27

B) EXCHANGE TRADED FUND UNITS

1. Quantum Gold Fund (an ETF) 13,456 178.53 14.44

2. Quantum Nifty ETF 8,092 85.53 6.92

Total of Exchange Traded Fund Units 264.06 21.36

Total (A+B) 1,207.26 97.63



Net Receivable/(payable) -10.90 -0.88

Grand Total 1,236.59 100.00


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


Benchmark Index Domestic Price of Physical Gold

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

Fund Manager’s Total Experience 13 yrs

Inception Date (Date of Allotment) February 22, 2008

Investment Options



Redemption Proceeds

QUANTUM GOLD FUND

Directly with Fund: The investors can create / redeem in exchange of Portfolio Deposit and Cash Component in creation unit size at NAV based Price. On the Exchange: Approx equal to price of 1/2 gram of Gold quoted on the NSE. On NSE, the units can be purchased / sold in minimum lot of 1 units and in multiples therefore.

Entry/ Sales Load

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

The Investment Objective of the Scheme is to generate returns that are in

line with the performance of gold and gold related instruments subject to

tracking errors. However, investment in gold related instruments will be

made if and when SEBI permits mutual funds to invest, in gold related

instruments. The Scheme is designed to provide returns that before

expenses, closely correspond to the returns provided by gold.

Growth

Not Applicable

Upfront commission to distributors will be paid by the investor directly to

the distributor, based on his assessment of various factors including the

service rendered by the distributor.

An Open ended Exchange Traded Fund - Gold



Indian



Indexation

20% with Indexation (on transfer

of long term capital assets being listed

securities)

20% with

Indexation

20% with Indexation (on


assets being listed securities)



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

• Long term returns• Investments in physical gold.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High


27 September 2017 QUANTUM GOLD FUND


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

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

Current Expense Ratio





Brokerages & Commissions Details

Brokerages on Investments for September 2017

Distributor Commissions paid during September 2017 NIL

NIL

Portfolio Turnover Ratio (Last one year): 1.51%Asset Allocation (% of Net Assets) as on September 30, 2017

CBLO

GOLD

CBLO

Net Receivables / (Payable)100.13%

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

Tracking Error is a measure of how closely a fund follows the index to which it is benchmarked. The more passively the fund is managed, the smaller the tracking error. In the case of Exchange Traded Funds, the lower the Tracking Error, the better.

GOLD

Net Receivables / (Payable)-0.26%0.13%

28 September 2017 QUANTUM GOLD FUND

Scheme

Returns (%)

Benchmark

Returns (%) #

Additional

Benchmark

Returns (%) ##


TRI (RS.) #

Period






Since Inception (22nd Feb 2008)

Scheme

Returns (%)

Domestic

price of Gold

Returns (%)

Domestic

price of Gold

Returns (`)

Scheme

Returns (`)

Period

Quantum Gold Fund

- -6.95 -6.01 9,306 9,401

2.69 3.78 10,830 11,178

- -2.19 -1.18 8,951 9,422

5.28 6.35 14,338 15,394

8.85 9.61 22,597 24,163

Quantum Gold Fund Performance as on September 29, 2017

Name of Instrument Market Value In Lakhs

% to Net Asset

Quantity


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


page no.32, 33


(as of September 30, 2017)

AUM` (In Crores)

Average AUM* 56.19

Absolute AUM 55.78

( /Unit)`(as on September 29, 2017)

NAV

Growth Option 1339.6969



^^Tracking Error :0.099%

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


GOLD1. 1 KG Bar (995 fineness) 186 5,554.79 99.59

2. 100 Gms Bar (999 fineness) 10 29.98 0.54

Total of Gold 5,584.77 100.13



Net Receivable/(payable) -13.93 -0.26

Grand Total 5,577.85 100.00

Scheme FeaturesNature of Scheme An Open-ended Exchange Traded Fund


Benchmark Index Nifty 50 TRI Index

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



Investment Options



Redemption Proceeds

QUANTUM NIFTY ETF

Directly with Fund: The investors can create / redeem in exchange of

Portfolio Deposit and Cash Component in creation unit size at NAV based

Price. On the Exchange: At prices which may be close to the NAV of QNIFTY

Units.

On NSE, the units can be purchased / sold in minimum lot of 1 unit and in

multiples thereof. The units of QNIFTY issued under the scheme will be

approximately equal to the price of 1/10 (one-tenth) of the Nifty 50 Index.

Entry/ Sales Load

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

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

Growth

Not Applicable

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

Taxation# Tax on Long Term Capital Gains - Nil


An Open ended Exchange Traded Fund


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

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

companies in Nifty 50 Index.

Product Labeling

Riskometer

LOW HIGH

Hig

hLo

w


High


QUANTUM NIFTY ETF September 2017 29


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

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

Current Expense Ratio




Quantum Nifty ETF Performance as on September 29, 2017

QUANTUM NIFTY ETF


% to Net Assets

Industry+

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

1. HDFC Bank Limited Banks 2,356 42.54 9.772. Housing Development Finance Corporation Limited Finance 1,842 32.09 7.373. Reliance Industries Limited Petroleum Products 3,832 29.92 6.874. ITC Limited Consumer Non Durables 9,850 25.44 5.845. Infosys Limited Software 2,309 20.78 4.776. ICICI Bank Limited Banks 7,413 20.50 4.717. Larsen & Toubro Limited Construction Project 1,424 16.26 3.738. Kotak Mahindra Bank Limited Banks 1,530 15.33 3.529. Tata Consultancy Services Limited Software 575 14.01 3.2210. Maruti Suzuki India Limited Auto 154 12.29 2.8211. State Bank of India Banks 4,288 10.89 2.5012. Axis Bank Limited Banks 1,967 10.01 2.3013. IndusInd Bank Limited Banks 589 9.91 2.2814. Hindustan Unilever Limited Consumer Non Durables 825 9.68 2.2215. Tata Motors Limited Auto 2,168 8.70 2.0016. Yes Bank Limited Banks 2,117 7.41 1.7017. Mahindra & Mahindra Limited Auto 538 6.75 1.5518. Vedanta Limited Non - Ferrous Metals 2,147 6.75 1.5519. Sun Pharmaceutical Industries Limited Pharmaceuticals 1,275 6.42 1.4720. Bharti Airtel Limited Telecom - Services 1,524 5.94 1.3621. Asian Paints Limited Consumer Non Durables 521 5.90 1.3622. NTPC Limited Power 3,516 5.89 1.3523. Hero MotoCorp Limited Auto 150 5.66 1.3024. HCL Technologies Limited Software 643 5.62 1.2925. Oil & Natural Gas Corporation Limited Oil 3,262 5.58 1.2826. Power Grid Corporation of India Limited Power 2,538 5.36 1.2327. Tata Steel Limited Ferrous Metals 774 5.05 1.1628. Bajaj Finance Limited Finance 267 4.91 1.1329. Bajaj Auto Limited Auto 157 4.88 1.1230. Indian Oil Corporation Limited Petroleum Products 1,178 4.72 1.0831. Eicher Motors Limited Auto 15 4.68 1.0732. UltraTech Cement Limited Cement 121 4.66 1.0733. Indiabulls Housing Finance Limited Finance 373 4.50 1.0334. Bharat Petroleum Corporation Limited Petroleum Products 902 4.25 0.9835. Wipro Limited Software 1,462 4.10 0.94


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


30 September 2017

Scheme

Returns (%)

Benchmark

Returns (%) #

Additional

Benchmark

Returns (%) ##


TRI (RS.) #

S&P BSE

Sensex

(RS.) ##

Period


Scheme

Returns (%)

Nifty 50 Total

Returns Index (%)

Nifty 50 Total

Returns Index (`)

S&P BSE Sensex

Returns (%)

S&P BSE Sensex

Returns (`)

Scheme Returns (`)

Period

Quantum Nifty ETF






14.85 15.17 12.30 11,480 11,512 11,227

8.17 8.43 5.51 12,656 12,746 11,747

12.51 12.75 10.75 18,042 18,237 16,673

8.23 8.47 6.54 17,404 17,673 15,588

11.07 11.03 9.16 26,347 26,277 22,464



^^Tracking Error :0.071%



0.47%0.71%0.74%0.75%0.76%0.79%0.94%1.16%1.28%1.36%

1.59%2.48%

2.58%3.73%

4.18%9.42%9.53%9.78%9.86%

10.99%26.78%

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

Auto AncillariesGas

Pesticides

TransportationMinerals/Mining

Ferrous MetalsOil

Telecom - ServicesCement

Non - Ferrous MetalsPower

Construction ProjectPharmaceuticals

FinancePetroleum Products

AutoSoftware

Banks

Media & Entertainment

Telecom - Equipment & Accessories

Consumer Non Durables

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

Definitions

Tracking Error is a measure of how closely a fund follows the index to which it is benchmarked. The more passively the fund is managed, the smaller the tracking error. In the case of Exchange Traded Funds, the lower the Tracking Error, the better.Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year.

Portfolio Turnover Ratio (Last one year): 31.12%Industry Allocation (% of Net Assets) as on September 30, 2017


QUANTUM NIFTY ETF


Brokerages on Investments for September 2017 3,193.71

Distributor Commissions paid during September 2017 NIL

`

31September 2017


AUM

` (In Crores)

Average AUM* 4.44

Absolute AUM 4.35

( /Unit)`(as on September 29, 2017)

NAV

Growth Option 1058.0980

36. Coal India Limited Minerals/Mining 1,506 4.08 0.9437. Hindalco Industries Limited Non - Ferrous Metals 1,685 4.05 0.9338. Hindustan Petroleum Corporation Limited Petroleum Products 863 3.68 0.8539. Cipla Limited Pharmaceuticals 586 3.43 0.7940. Adani Ports and Special Economic Zone Limited Transportation 909 3.42 0.7941. Tech Mahindra Limited Software 730 3.34 0.7742. Zee Entertainment Enterprises Limited Media & Entertainment 632 3.29 0.7643. Dr. Reddy's Laboratories Limited Pharmaceuticals 140 3.26 0.7544. UPL Limited Pesticides 417 3.25 0.7545. Bharti Infratel Limited Telecom - Equipment & Accessories 812 3.24 0.7446. GAIL (India) Limited Gas 742 3.11 0.7147. Lupin Limited Pharmaceuticals 280 2.84 0.6548. Ambuja Cements Limited Cement 849 2.26 0.5249. Aurobindo Pharma Limited Pharmaceuticals 325 2.25 0.5250. Bosch Limited Auto Ancillaries 10 2.05 0.47B) Unlisted NIL NIL NILTotal of all Equity 434.93 99.88MONEY MARKET INSTRUMENTS A) Collateralised Borrowing & Lending Obligation (CBLO)* 0.00 0.00Net Receivable/(payable) 0.43 0.12Grand Total 435.36 100.00


SCHEME PERFORMANCE - FUND MANAGER-WISE

SCHEME PERFORMANCE - FUND MANAGER - WISESeptember 2017 32

ATUL KUMAR / SORBH GUPTA


Name of Instrument Industry / Rating




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




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

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

Mr. Atul Kumar effective from December 23, 2008

Mr. Sorbh Gupta effective from October 1, 2016

CHIRAG MEHTA NILESH SHETTY /

Name of Instrument Industry / Rating

SchemeReturn %

BenchmarkReturn (%)#


QUANTUM MULTI ASSET FUND

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

ATUL KUMAR / NILESH SHETTY

QUANTUM LONG TERM EQUITY FUND

Name of InstrumentName of Instrument QuantityQuantity Market Value In Lakhs

% to Net Assets% to Net Assets




Mr. Atul Kumar & Mr. Nilesh shetty co-manages 2 schemes of the Quantum Mutual Fund.

Mr. Atul Kumar effective from November 15, 2006

Mr. Nilesh Shetty effective from March 28, 2011



Industry / Rating

Industry / Rating

Period

Period

12.91 13.78 11.37 6.99 15.99 12.39

SchemeReturn %

SchemeReturn %

SchemeReturn %

Quantum Tax Saving Fund - Direct Plan - Growth Option

8.16 8.58 8.47 7.93 9.68 8.89Quantum Multi Asset Fund - Direct Plan

12.73 13.78 11.49 6.99 15.97 12.39Quantum Long Term Equity Fund - Direct Plan - Growth Option

Period

SchemeReturn %

BenchmarkReturns (%) #



SchemeReturn %

SchemeReturn %

Period

SchemeReturn %

SchemeReturn %

SchemeReturn %




S&P BSE 30 TRIReturn (%)









SchemeReturn %

SchemeReturn %

SchemeReturn %





CHIRAG MEHTA

CHIRAG MEHTA

CHIRAG MEHTA

QUANTUM GOLD SAVINGS FUND

Name of InstrumentName of Instrument

-5.95 -6.01 1.94 3.78 -2.47 -1.18Quantum Gold Savings Funds - Direct Plan

Mr. Chirag Mehta effective from May 19, 2011.

QUANTUM GOLD FUNDName of InstrumentName of Instrument

-6.95 -6.01 2.69 3.78 -2.19 -1.18Quantum Gold Fund (ETF)

Mr. Chirag Mehta effective from May 01, 2009 .

QUANTUM EQUITY FUND OF FUNDS

Name of Instrument

16.45 15.14 13.56 9.60 17.70 13.14Quantum Equity Fund of Funds - Direct Plan - Growth Option

Mr. Chirag Mehta effective from November 1, 2013

Period

SchemeReturn %

SchemeReturn %

SchemeReturn %

SchemeReturn %

SchemeReturn %

SchemeReturn %

Domestic price of Gold

Return (%)


Return (%)


Return (%)


Return (%)


Return (%)


Return (%)

Period

Period

SchemeReturn %

SchemeReturn %

SchemeReturn %

S&P BSE

Return (%) 200 Index

S&P BSE


S&P BSE





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


















QUNATUM DYNAMIC BOND FUND

Name of InstrumentName of Instrument

Period

SchemeReturn %





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

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

Mr. Pankaj Pathak effective from March 01, 2017

SCHEME PERFORMANCE - FUND MANAGER - WISE September 2017 34

QUANTUM LIQUID FUND

PANKAJ PATHAK

PANKAJ PATHAK

Name of InstrumentName of Instrument Market

Value In Lakhs


Period

SchemeReturn %

SchemeReturn %

SchemeReturn %

Crisil Liquid Fund Index Return (%)



Quantum Liquid Fund - Direct Plan - Growth Option




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

Mr. Pankaj Pathak effective from March 1, 2017


Period

10.93 7.94 - - - -

SchemeReturn %

SchemeReturn %

SchemeReturn %

CRISIL Composite Index Bond Fund

Return (%)


Return (%)


Return (%)

Quantum Dynamic Bond Fund - Direct Plan - Growth Option







6.10 6.70 7.13 7.64 7.79 8.20

Statutory Details & Risk FactorsHOW TO READ THE FACTSHEETFund Manager : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of

the scheme. He is usually part of a larger team of fund managers and research analysts.

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

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

Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed

as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

SIP : SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a

recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a

period of three years.

NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible

expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Benchmark : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure

investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200,

BSE500, 10-Year Gsec.

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

Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the

time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs 101.

Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will

be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the

distributor

Exit Load : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the

prevailing NAV at the time of redemption. For instance, if the NAV is Rs 100 and the exit load is 1%, the redemption price would be Rs

99 Per Unit.

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

Standard Deviation : Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund

has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns.

It is calculated using standard deviation and excess return to determine reward per unit of risk.

Beta : Beta is a measure of an investment's volatility vis-à-vis the market. Beta of less than 1 means that the security will be less

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

AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a

mutual fund or any investment firm.

Holdings : The holdings or the portfolio is a mutual fund's latest or updated reported statement of investments/securities. These are

usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where

their money is being invested by the fund manager.

Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For

instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund.

Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these

categories may have sub-categories.

Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the

mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt

funds.


Disclaimer, Statutory Details & Risk Factors:

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

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

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

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

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

Want To Have The Latest Information About Us?

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

The Factsheet Published as on 16 October 2017

Statutory Details & Risk FactorsSTATUTORY DETAILS & RISK FACTORS

SCHEME PERFORMANCE - FUND MANAGER - WISE September 2017 36

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quantum factsheet september 2017 combine€¦ · 2014 that there will be earning recovery. upside...

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