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Today Date : Friday, April 12, 2024

Quantum Mutual Fund launches Quantum Nifty 50 ETF fund

Quantum Mutual Fund launches Quantum Nifty 50 ETF fund

Quantum Mutual Fund has launched Quantum Nifty 50 ETF Fund of Fund- an open-ended fund of fund scheme investing in units of Quantum Nifty 50 ETF. Quantum Nifty 50 ETF FOF is India’s first of its kind Nifty 50 ETF Fund of Fund.

The fund combines the efficiency of an ETF with the convenience of an index fund, giving investors the best of both world’s. Quantum Nifty 50 ETF FOF is one of the most convenient ways to invest in India’s Nifty Top 50 *without opening a DEMAT account.

This fund will invest in units of Quantum Nifty 50 ETF, a passive scheme in the array of Quantum Solutions with a track record of 14 years and counting.

The New Fund Offer opens on July 18, 2022 and closes on August 1, 2022. Chirag Mehta, CIO- Quantum Mutual Fund further added, “Investors can build their investment portfolio by adopting a passive approach in Quantum’s DIY 12-20-80 Asset Allocation Strategy.