Quantum Long Term Equity Fund

An Open ended Equity Scheme As on 31st March 2011

5 Star Rated by Value Research$
Past performance is no guarantee of future results. Quantitative Scheme Data^
Please refer to Page 14 for complete methodology.
Standard Deviation 27.58%
Nature of Scheme Open-ended Equity Scheme Beta 0.62
Investment Objective The investment objective of the Scheme is to achieve Sharpe Ratio 0.77
long-term capital appreciation by investing primarily
in shares of companies that will typically be included in the Portfolio Turnover Ratio 45.92%
BSE 200 Index and are in a position to benefit from the
anticipated growth and development of the Indian economy and its ^ Please refer Page 2 for Definitions
markets.
Fund Manager Mr. Atul Kumar ( Since November 15, 2006)
NAV March 31, 2011
Scheme Fund Manager Total Experience 11 yrs. (B/Unit)
Associate Fund Manager Mr. Nilesh Shetty (Since March 28, 2011)
Feature Total Experience 7 yrs. Growth Option 22.6400
Inception Date (Date of Allotment) March 13, 2006 Dividend Option 22.8400
Expense Ratio 1.50%
Investment Options Growth & Dividend (Dividend Option will in turn have two Facilities, Dividend
Payout Facility and Dividend Re-investment Facility)
Minimum Application Amount B 500/- and in multiples of B 1/-thereafter, Additional Investment would
(Under each Oprion) be B 500/- and in multiples of B 1/- thereafter/ 50 units.
Lock-in Period NIL
Net Asset Value (NAV) Every Business Day
Benchmark Index BSE 30 Total Return Index

Performance as on March 31, 2011 Performance as on March 31, 2011

Period Returns - Growth Option (%)^ Returns Benchmark (%) # 300
280 Quantum Long Term Equity Fund - Growth Option
6 Months* -3.50% -2.88% 260
240 Benchmark-BSE-30 TRI
1 Year* 19.03% 12.14% 220
200
3 Year** 18.17% 8.78% 180
5 Year** 17.21% 13.29% 160
140
Since Inception** 17.55% 14.12% 120
100
* Absolute Returns ** Compounded Annualised Returns ^ Past Performance may or may 80
not be sustained in the future and may not necessarily provide a basis for 60 Base = 100 as on 13-Mar-06
comparison with other investments. Date of Inception - March 13, 2006 # Benchmark 40
13-Mar-06 31-Mar-11
Index - BSE 30 TRI Since inception returns are calculated on NAV of ` 10 invested at inception.
^ Past Performance May Or May Not Be Sustained In The Future

Systematic Investment Plan Returns

Monthly Installment SIP Valuation Total Amount Present Value of SIP (`) Returns*
SIP Period
Amount (`) Date Invested (`) QLTEF BSE 30 TRI QLTEF BSE 30 TRI
1000 Since Inception 31-Mar-11 60,000.00 100,052.70 83,977.09 22.77% 14.88%
(05-Apr-2006 to 07-Mar-2011)
1000 5 year 31-Mar-11 60,000.00 100,052.70 83,977.09 22.77% 14.88%
(05-Apr-2006 to 07-Mar-2011)
1000 3 years 31-Mar-11 36,000.00 55,916.29 48,637.49 37.08% 24.74%
(05-Mar-2008 to 07-Mar-2011)
1000 1 year 31-Mar-11 12,000.00 12,619.15 12,595.26 19.30% 18.53%
(05-Mar-2010 to 07-Mar-2011)
*PAST PERFOMANCE MAY OR MAY NOT BE SUSTAINED IN FUTURE. Load is not taken into consideration and Returns are for Growth Option using applicable NAV on the SIP day (5th of
every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of uniform and regular monthly subscriptions as on 5th day of every
month (in case 5th is a non Business Day, then the next Business Day) and have been worked out using the “Excel” spreadsheet function known as XIRR. XIRR calculates the internal rate of
return for series of cash flow.
Assuming ` 1,000 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 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 and since Inception.
* XIRR - Please refer Page 2 for Definitions

Portfolio
Name of Investment Industry Quantity Market % to Name of Investment Industry Quantity Market % to
Value Net Value Net
In Lakhs Asset In Lakhs Asset
EQUITY & EQUITY RELATED Oil & Natural Gas Corporation Ltd Oil 84,956.00 247.48 3.35
a) Listed /Awaiting listing on the Stock Exchange ING Vysya Bank Ltd Banks 69,933.00 224.52 3.04
Housing Development Finance Finance 62,066.00 435.21 5.90 Axis Bank Ltd Banks 15,201.00 213.40 2.89
Corporation Ltd Tata Global Beverages Ltd Consumer Non Durables 209,970.00 205.25 2.78
HDFC Bank Ltd Banks 16,306.00 382.51 5.18 Voltas Ltd Construction Project 107,984.00 197.23 2.67
Hindustan Unilever Ltd Diversified 124,698.00 358.01 4.85 Maruti Suzuki India Ltd Auto 13,752.00 173.57 2.35
Bajaj Auto Ltd Auto 24,297.00 355.53 4.82 Bharti Airtel Ltd Telecom - Services 47,994.00 171.53 2.32
Tata Consultancy Services Ltd Software 27,156.00 321.50 4.36 Power Finance Corporation Ltd Finance 67,640.00 169.07 2.29
Zee Entertainment Enterprises Ltd Media & Entertainment 245,105.00 302.95 4.11 PTC India Ltd Power 190,466.00 158.85 2.15
Container Corporation of India Ltd Transportation 25,130.00 301.57 4.09 3I Infotech Ltd Software 258,266.00 113.25 1.54
The Indian Hotels Company Ltd Hotels 345,201.00 289.97 3.93 Gateway Distriparks Ltd Transportation 88,653.00 107.09 1.45
Ultratech Cement Ltd Cement 24,149.00 273.25 3.70 b) Unlisted - - -
Infosys Technologies Ltd Software 8,367.00 271.20 3.68 TOTAL 6,322.27 85.69
Crompton Greaves Ltd Industrial Capital Goods 99,427.00 271.19 3.68 c) CBLO* 1,043.83 14.15
State Bank of India Banks 9,599.00 265.44 3.60
Tata Steel Ltd Ferrous Metals 41,330.00 257.18 3.49 d) Net Receivable/(payable) 11.66 0.16
ACC Ltd Cement 23,781.00 255.54 3.46 Grand Total 7,377.76 100.00

* Cash & cash Equivalents $

Quantum Long Term Equity Fund - in Equity Multicap Category (45 Schemes for 3 and 5 years period ending March 31, 2011)

1 Quantum Mutual Fund

 Quantum Long Term Equity Fund
An Open ended Equity Scheme As on 31st March 2011
5 Star Rated by Value Research$
Past performance is no guarantee of future results.
Please refer to Page 14 for complete methodology.

Load Structure
Entry Load Exit Load
N.A.* Repurchase/ Redemption/Switch Out - within 6 months of allotment 4.00%,
*In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, after 6 months but within 12 months of allotment 3.00%,
2009 has notified that, w.e.f. August 01, 2009 there will be no entry load after 12 months but within 18 months of allotment 2.00%,
charged to the schemes of the Mutual Fund and the upfront commission to after 18 months but within 24 months of allotment 1.00%,
distributors will be paid by the investor directly to the distributor, based on his
after 24 months of allotment Nil
assessment of various factors including the service rendered by the distributor.

Brokerage & Commissions Paid

Sector Allocation (% of Net Assets)
Banks 14.72%
Brokerages Paid for Equity Trading for March 2011 ` 46,761.33
Software 9.57% Distributor Commissions Paid till date NIL
Finance 8.19%
Auto 7.17%
Cement
Transportation 5.54%
7.17% Fund Size March 2011
Diversified 4.85%
Media & Entertainment 4.11% *Average AuM (B in Crores) #Absolute AuM (B in Crores)
Hotels 3.93%
Industrial Capital Goods 3.68% Growth option 59.94 63.71
Ferrous Metals 3.49%
Oil 3.35% Dividend option 9.33 10.07
Consumer Non Durables 2.78%
Construction Project 2.67% Total 69.27 73.78
Telecom - Services 2.32%
Power 2.15% *Cumulative Daily AuM /No of days in the month
0% 2% 4% 6% 8% 10% 12% 14% 16% #AuM as on March 31, 2011

The indicative Asset Allocation

Instruments Normal Allocation Minimum Allocation Maximum Allocation Risk Profile
(% to Net Asset) (% to Net Asset) (% to Net Asset)
Listed Equity & Equity Related Securities of Companies 95% - 99% 65% 99% High
Unlisted Equity & Equity Related Securities of Companies 0% - 3% 0% 5% High
Money Market Instruments 1% - 5% 1% 35% Low
Liquid Schemes of Mutual Funds 0% - 5% 0% 5% Low

The Scheme may seek investment opportunity in the ADR/GDR and Foreign Securities (maximum 10% of Net Assets) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose of
hedging and portfolio balancing (max. 5% of Net Assets) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996.

To read about the Fund Manager’s views on the macro factors that influenced markets last month, visit - www.QuantumAMC.com/FundManager/Equity.aspx

^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 fund’s assets that have changed over the course of a year.
*XIRR - XIRR calculates the internal rate of return to measure and compare the profitability of series of investments.

2 Quantum Mutual Fund

 Quantum Liquid Fund
An Open ended Liquid Scheme As on 31st March 2011

Weighted Average Maturity

At the end of the month 33 Days
Nature of Scheme Open-ended Liquid Scheme Average during the month 29 Days
Investment Objective The primary investment objective of the Scheme is to Modified Duration 32 Days
provide optimal returns with low to moderate levels of
risk and high liquidity through judicious investments in NAV March 31, 2011
money market and debt instruments.
Fund Manager Mr. Arvind Chari (Since April,24 2007) (B./Unit)
Fund Manager Total Experience 8 yrs. Growth Option 13.9665
Scheme Inception Date (Date of Allotment)
Expense Ratio
April 7, 2006
0.45%
Monthly Dividend 10.0148
Payout Option
Feature Investment Options Growth, Daily Dividend Reinvestment & Monthly Dividend Payout. Daily Dividend 10.0001
Minimum Application Amount Growth option - B 5,000/-and in multiples of B 1/- thereafter, Additional Reinvestment Option
(Under each Option) Investment - B 500/- and in multiples of B 1/- thereafter/50 units. Monthly
Dividend Payout option - B 10,000/-and in multiples of B 1/- thereafter,
Additional Investment - B 500/- and in multiples of B 1/- thereafter/ 50 units.
Daily Dividend Re-investment option - B 1,00,000/- and in multiples of B 1/-
thereafter, Additional Investment - B 500/- and in multiples of B 1/- thereafter/
50 units
Lock-in Period NIL
Net Asset Value (NAV) Every Business Day
Benchmark Index Crisil Liquid Fund Index

Performance as on March 31, 2011 Performance as on March 31, 2011

Period Returns - Growth Option (%)^ Returns Benchmark (%) # 145
Quantum Liquid Fund - Growth Option
7 days * 0.1621% 0.1662% 140
15 days * 0.3441% 0.3452% Benchmark - Crisil Liquid Fund Index
135
30 days * 0.7023% 0.7117% 130
3 month * 1.9899% 1.9635% 125
6 month * 3.7846% 3.7057%
Last 1 Year * 6.6805% 6.2069% 120
Last 3 Year ** 6.6282% 6.2150% 115
Since Inception ** 6.9294% 6.4543% 110
* Absolute Returns ** Compounded Annualised Returns ^ Past Performance may or may 105 Base = 100 as on 8-Apr-06
not be sustained in the future and may not necessarily provide a basis for 100
comparison with other investments. Performance of the Dividend option for the investor 8-Apr-06 31-Mar-11
would be net of the dividend distribution tax, as applicable Date of Inception - April 07, 2006 # Benchmark
Index - Crisil Liquid Fund Index Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Past Performance May Or May Not Be Sustained In The Future

Asset Allocation Pattern (% of Net Assets)

Fund Size March 2011

1% 6%
1% *Average AuM #Absolute AuM
(B in Crores) (B in Crores)
Growth option 13.65 13.97
Daily Dividend Reinvestment Option 10.63 9.27
92% Monthly Dividend Payout Option 1.19 1.40
Total 25.47 24.64
CBLO *Cumulative Daily AuM /No of days in the month
Receivables Bank Govt. Securities #AuM as on March 31, 2011

Portfolio
Name of Investment Rating Duration Market % to Name of Investment Rating Duration Market % to
in Value Net in Value Net
Days In Lakhs Asset Days In Lakhs Asset
(A) Listed/awaiting listing on Stock Exchanges (b) Treasury Bill
91 Days T-Bill (MD 30/06/2011) Soverign 91 24.58 1.00
(B) Privately Placed/Unlisted
c) Fixed Deposits
MONEY MARKET INSTRUMENTS HDFC Bank Ltd FD PR1+ 91 200.00 8.12
a) Certificate of Deposits (MD 30/06/2011)
Punjab National Bank CD P1+ 84 499.39 20.27 YES Bank Ltd FD A1+ 91 100.00 4.06
(MD 06/04/2011) (MD 30/06/2011)
Canara Bank CD P1+ 89 496.89 20.17 Total 300.00 12.18
(MD 26/04/2011)
Allahabad Bank CD P1+ 87 494.66 20.08 (b) OTHERS
(MD 12/05/2011) CBLO* 132.78 5.39
UCO Bank CD P1+ 91 488.80 19.84 Net Receivable / (Payables) 26.95 1.09
(MD 23/06/2011) Total 159.73 6.48
Total 1,979.74 80.34
Grand Total 2,464.05 100.00

* Cash & cash Equivalents

3 Quantum Mutual Fund

 Quantum Liquid Fund
An Open ended Liquid Scheme As on 31st March 2011

Load Structure
Entry Load Exit Load
N.A.* NIL

*In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009
has notified that, w.e.f. August 01, 2009 there will be no entry load charged to the Dividend History - Monthly Dividend payout option
schemes of the Mutual Fund and the upfront commission to distributors will be
Record Date Dividend per unit (B)
paid by the investor directly to the distributor, based on his assessment of various
25-Jan-11 0.04660905
factors including the service rendered by the distributor. 25-Feb-11 0.05263282
25-Mar-11 0.04816498

The indicative Asset Allocation

Instruments Indicative allocations (% of total assets) Risk Profile
Money Market Instruments and other short term 100% Low to Medium
debt instruments (*) having maximum re-pricing
tenor of not more than 91 days in maturity (**)
(*) Debt instruments may include investments in securitised debt instruments upto 40% of the Net Assets of the Scheme.
(**) Maximum re-pricing tenor of 91 days would be reckoned as under: -
i. For a fixed rate asset, the remaining tenor is 91 days or less.
ii. For a floating rate asset, the interest reset frequency is 91 days or less.
iii. For a fixed rate/floating rate asset where the principal is paid in a staggered and/or on amortizing basis (e.g. securitized papers), the average maturity of such an asset is 91 days or less.
iv. For a portfolio using Interest Rate Derivatives,
a) the composite floating rate asset (underlying fixed rate asset and Interest Rate Swap, paying fixed and receiving floating) has interest reset frequency up to 91 days.
b) If Interest Rate Swaps (receiving fixed and paying floating), have been used to convert a floating rate asset into a fixed rate asset, the fixed leg of the Interest Rate Swap having remaining tenor upto 91 days.
c) For a portfolio using Forward Rate Agreements, the summation of the beginning and end dates of the period covered is 91 days or less.

To read about the Fund Manager’s views on the macro factors that influenced markets last month, visit - www.QuantumAMC.com/FundManager/Debt.aspx

4 Quantum Mutual Fund

 Quantum Gold Fund
An Open ended Exchange Traded Fund - Gold As on 31st March 2011

Gold No. of kg.

1KG BAR 134.00
(0.995 fineness)
Nature of Scheme Open ended Exchange Traded Fund - Gold 100gm BAR 10.00
Investment Objective The Investment Objective of the Scheme is to (0.999 fineness)
generate returns that are in line with the performance of NAV March 31, 2011
gold and gold related instruments subject to tracking errors.
However, investment in gold related instruments will be made if (B/Unit)
and when SEBI permits mutual funds to invest, in gold related
instruments. The Scheme is designed to provide returns that before Growth Option 1007.3198
expenses, closely correspond to the returns provided by gold.
Scheme Fund Manager Mr. Chirag Mehta (Since May 01, 2009) Tracking Error ^
Fund Manager Total Experience 7 yrs. Absolute Since Inception 0.007%
Feature Inception Date (Date of Allotment) February 22, 2008 Annualised Since Inception 0.108%
Expense Ratio 1.00% ^ Please refer Page 2 for Definitions
Investment Options Growth
Minimum Application Amount Directly with Fund: The investors can create / redeem in exchange of Portfolio
(Under each Option) Deposit and Cash Component in creation unit size at NAV based Price.
On the Exchange: Approx equal to price of ½ 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.
Lock-in Period NIL
Net Asset Value (NAV) Every Business Day
Benchmark Index Domestic Price of Gold

Performance as on March 31, 2011 Performance as on March 31, 2011

210
Period Returns - Growth Option (%)^ Returns Benchmark (%) # Quantum Gold Fund - Growth Option
6 Months * 7.81% 8.35% 190
1 Year * 25.71% 26.99% Benchmark - Domestic Price of Gold
170
3 Year * 18.56% 19.73%
Since Inception ** 18.60% 18.64% 150

* Absolute Returns ** Compounded Annualised Returns ^ Past Performance may or may 130
not be sustained in the future and may not necessarily provide a basis for
comparison with other investments. Date of Inception - February 22, 2008 110
# Benchmark Index - Domestic Price of Gold Since inception returns are calculated on NAV of ` 100 invested
at inception. 90
Base = 100 as on 22-Feb-08
Asset Allocation (% of Net Assets) 70
22-Feb-08 31-Mar-11
^ Past Performance May Or May Not Be Sustained In The Future
100%

Fund Size March 2011

*Average AuM (B in Crores) #Absolute AuM (B in Crores)

Growth Option 28.13 28.39

*Cumulative Daily AuM /No of days in the month
Gold #AuM as on March 31, 2011

Portfolio
Name of Investment Market % to Name of Investment Market % to
Value Net Value Net
In Lakhs Asset In Lakhs Asset
GOLD Net Receivable/(payable) -2.21 -0.08

GOLD 1KG BAR (0.995 fineness) 2,816.76 99.22

GOLD 100Gm BAR (0.999 fineness) 21.11 0.74 Grand Total 2,838.81 100.00

Total 2,837.86 99.97

CBLO* 3.16 0.11

* Cash & cash Equivalents

5 Quantum Mutual Fund

 Quantum Gold Fund
An Open ended Exchange Traded Fund - Gold As on 31st March 2011

Load Structure
Entry Load Exit Load
N.A.* Eligible Investor - NIL
*In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 Authorised Participants - NIL
has notified that, w.e.f. August 01, 2009 there will be no entry load charged to the
schemes of the Mutual Fund and 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.

The indicative Asset Allocation

Instruments Indicative allocations (% of total assets) Risk Profile
Minimum Maximum High/Medium/Low
Physical Gold 90% 100%* Medium to High
Money Market instruments, Short-term Corporate 0% 10% Low
debt securities, CBLO and units of Debt and Liquid
Schemes of Mutual Funds

* As the scheme invests 90% to 100% of the net assets into Gold, the scheme will, by and large, be passively managed fund. However, if and when permitted under SEBI regulations, the scheme may invest in gold related
securities including derivatives.

To read about the Fund Manager’s views on the macro factors that influenced markets last month, visit - www.QuantumAMC.com/FundManager/Gold.aspx

^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.

6 Quantum Mutual Fund

 Quantum Index Fund
An Open ended Exchange Traded Fund As on 31st March 2011

NAV March 31, 2011

Nature of Scheme Open-ended Exchange Traded Fund (B./Unit)
Investment Objective The investment objective of the scheme is to invest Growth Option 587.8405
in stocks of companies comprising S & P CNX Nifty
Index and endeavour to achieve return equivalent to
Nifty by “Passive “investment. The Scheme will be Tracking Error ^
managed by replicating the index in the same weightage as in
the S & P CNX Nifty with the intention of minimizing the Absolute Since Inception 0.026%
performance differences between the scheme and the S& P CNX Nifty
Index in capital terms, subject to market liquidity, costs of trading, Annualised Since Inception 0.409%
managing expenses and other factors which may cause tracking error.
Scheme Fund Manager Mr. Hitendra Parekh (Since June 09,2008) ^ Please refer Page 2 for Definitions
Fund Manager Total Experience 18 yrs.
Feature Inception Date (Date of Allotment) July 10, 2008
Expense Ratio 0.50%
Investment Options Growth
Minimum Application Amount Directly with Fund: The investors can create / redeem in exchange of Portfolio
(Under each Option) 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 QIF Units. On
NSE, the units can be purchased / sold in minimum lot of 1 unit and in multiples
therefore. The units of QIF issued under the scheme will be approximately
equal to the price of 1/10 (one-tenth) of the S&P CNX Nifty Index.
Lock-in Period NIL
Net Asset Value (NAV) Every Business Day
Benchmark Index S&P CNX Nifty Index

Performance as on March 31, 2011 Performance as on March 31, 2011

Period Returns - Growth Option (%)^ Returns Benchmark (%) # 180
Quantum Index Fund - Growth Option
6 Months* -3.31% -3.25% 160
1 Year* 11.65% 11.14% Benchmark - S&P CNX Nifty Index
Since Inception** 15.00% 13.18% 140

* Absolute Returns ** Compounded Annualised Returns ^ Past Performance may or may 120
not be sustained in the future and may not necessarily provide a basis for
comparison with other investments. Performance of the Dividend option for the investor 100
would be net of the dividend distribution tax, as applicable Date of Inception - July 10, 2008 # Benchmark
Index - S&P CNX Nifty Index Since inception returns are calculated on NAV of ` 100 invested at inception 80
Portfolio turnover ratio (last one year) - 16.57%

Sector Allocation (% of Net Assets) 60

Base = 100 as on 10-Jul-08
Banks 19.98% 40
Software 14.36% 10-Jul-08 31-Mar-11
Petroleum Products 10.58%
Auto 7.33% ^ Past Performance May Or May Not Be Sustained In The Future
Finance 6.52%
Consumer Non Durables 5.50%
Construction Project 5.01%
Ferrous Metals 4.45%
Power 4.41%
Pharmaceuticals 3.44%
Oil 3.10%
Non - Ferrous Metals
Telecom - Services
2.95%
2.86%
Fund Size March 2011
Cement 2.79%
Industrial Capital Goods 2.62% *Average AuM (B in Crores) #Absolute AuM (B in Crores)
Diversified 1.71%
Gas 1.18% Growth Option 1.43 1.60
Minerals/ Mining 0.63%
Construction 0.55% *Cumulative Daily AuM /No of days in the month
0% 5% 10% 15% 20% 25% #AuM as on March 31, 2011

Portfolio
Name of Investment Industry Quantity Market % to Name of Investment Industry Quantity Market % to
Value Net Value Net
In Lakhs Asset In Lakhs Asset
EQUITY & EQUITY RELATED Infrastructure Development Finance 968.00 1.50 0.94
a) Listed /Awaiting listing on the Stock Exchange Finance Company Ltd
Reliance Industries Ltd Petroleum Products 1,540.00 16.16 10.12 Cipla Ltd Pharmaceuticals 461.00 1.48 0.93
Infosys Technologies Ltd Software 438.00 14.20 8.90 Kotak Mahindra Bank Ltd Banks 321.00 1.47 0.92
ICICI Bank Ltd Banks 1,041.00 11.62 7.28 Punjab National Bank Banks 121.00 1.47 0.92
ITC Ltd Consumer Non Durables 4,817.00 8.77 5.50 Grasim Industries Ltd. Cement 58.00 1.43 0.89
Housing Development Finance Finance 1,184.00 8.30 5.20 Cairn India Ltd Oil 394.00 1.38 0.87
Corp Ltd Hero Honda Motors Ltd Auto 86.00 1.37 0.86
Larsen & Toubro Ltd Construction Project 484.00 8.00 5.01 Power Grid Corporation of Power 1,287.00 1.31 0.82
HDFC Bank Ltd Banks 323.00 7.58 4.75 India Ltd
State Bank of India Banks 234.00 6.47 4.06 Siemens Ltd Industrial Capital Goods 137.00 1.21 0.76
Tata Consultancy Services Ltd Software 461.00 5.46 3.42 Ambuja Cements Ltd Cement 751.00 1.11 0.69
Tata Motors Ltd Auto 319.00 3.98 2.50 HCL Technologies Ltd Software 220.00 1.05 0.66
Bharti Airtel Ltd Telecom - Services 1,095.00 3.91 2.45 Sesa Goa Ltd Minerals/mining 347.00 1.01 0.63
Tata Steel Ltd Ferrous Metals 599.00 3.73 2.34 Jaiprakash Associates Ltd Cement 1,044.00 0.97 0.61
Oil & Natural Gas Corporation Ltd Oil 1,225.00 3.57 2.24 ACC Ltd Cement 88.00 0.95 0.59
Axis Bank Ltd Banks 233.00 3.27 2.05 Steel Authority of India Ltd Ferrous Metals 534.00 0.91 0.57
Mahindra & Mahindra Ltd Auto 434.00 3.04 1.90 DLF Ltd Construction 329.00 0.88 0.55
Bharat Heavy Electricals Ltd Industrial Capital Goods 144.00 2.97 1.86 Reliance Infrastructure Ltd Power 127.00 0.88 0.55
Hindustan Unilever Ltd Diversified 948.00 2.72 1.71 Bharat Petroleum Corporation Ltd Petroleum Products 118.00 0.72 0.45
Hindalco Industries Ltd Non - Ferrous Metals 1,178.00 2.46 1.54 Reliance Power Ltd Power 500.00 0.65 0.41
Jindal Steel & Power Ltd Ferrous Metals 353.00 2.46 1.54 Reliance Communications Ltd Telecom - Services 604.00 0.65 0.41
Sterlite Industries Ltd Non - Ferrous Metals 1,296.00 2.25 1.41 Ranbaxy Laboratories Ltd Pharmaceuticals 139.00 0.62 0.39
NTPC Ltd Power 1,162.00 2.24 1.41 Reliance Capital Ltd Finance 103.00 0.60 0.38
Wipro Ltd Software 459.00 2.20 1.38
Tata Power Company Ltd Power 146.00 1.95 1.22 b) Unlisted
Gail (india) Ltd Gas 407.00 1.89 1.18 9.25% Dr Reddys Laboratories 636.00 0.03 0.02
Dr. Reddy's Laboratories Ltd Pharmaceuticals 115.00 1.88 1.18 Ltd NCD (MD24/03/2014)
Bajaj Auto Ltd Auto 123.00 1.80 1.13 Total 159.55 99.98
Maruti Suzuki India Ltd Auto 120.00 1.51 0.95 Net Receivable/(payable) 0.03 0.02
Sun Pharmaceutical Industries Ltd Pharmaceuticals 341.00 1.51 0.95 Grand Total 159.58 100.00

7 Quantum Mutual Fund

 Quantum Index Fund
An Open ended Exchange Traded Fund As on 31st March 2011

Load Structure
Entry Load Exit Load
N.A.* NIL
(retails Investor can exit the scheme only through secondary market)
*In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009
has notified that, w.e.f. August 01, 2009 there will be no entry load charged to the Brokerage & Commissions Paid
schemes of the Mutual Fund and the upfront commission to distributors will be
paid by the investor directly to the distributor, based on his assessment of various Brokerages Paid for Equity Trading for March 2011 ` 356.40
factors including the service rendered by the distributor.
Distributor Commissions Paid till date NIL

The indicative Asset Allocation

Securities Covered Indicative allocations (% of total assets) Risk Profile
Minimum Maximum High/Medium/Low
Securities covered by the S & P CNX Nifty 90% 100% High
Money Market Instruments, other short term debt 0% 10% Low
instruments as permitted under SEBI (Mutual Funds)
Regulations, 1996 and Liquid Schemes of
Mutual Funds
Investments in securitized debt instruments can be made by the scheme up to 5% of the total net assets of the Scheme.

^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.

8 Quantum Mutual Fund

 Quantum Tax Saving Fund
An open ended Equity Linked Saving Scheme As on 31st March 2011

Quantitative Scheme Data^

Standard deviation 20.80%
Nature of Scheme Open-ended Equity Linked Savings Scheme with a Beta 0.59
lock-in period of 3 years
Investment Objective The investment objective of the Scheme is to achieve
Sharpe Ratio 2.38
long-term capital appreciation by investing primarily in Portfolio Turnover Ratio 31.63%
shares of companies that will typically be included in the BSE
200 Index and are in a position to benefit from the anticipated ^ Please refer Page 2 for Definitions
growth and development of the Indian economy and its markets. NAV March 31, 2011
Fund Manager Mr. Atul Kumar (Since December 10, 2008)
Scheme Fund Manager Total Experience 11 yrs. (B/Unit)
Feature Inception Date (Date of Allotment) December 23, 2008 Growth option 22.4260
Expense Ratio 1.50% Dividend option 22.4180
Investment Options Growth & Dividend (Dividend Option will in turn have two Facilities, Dividend
Payout Facility and Dividend Re-investment Facility)
Minimum Application Amount B 500/- and in multiples of B 500/- thereafter, Additional Investment would be
(Under each Option) B 500/- and in multiples of B 500/- thereafter.
Lock-in Period 3 years from the date of allotment of the respective Units
Net Asset Value (NAV) Every Business Day
Benchmark Index BSE 30 Total Return Index

Performance as on March 31, 2011 Performance as on March 31, 2011

Period Returns - Growth Option(%)^ Returns Benchmark (%) # 260
Quantum Tax Saving Fund - Growth Option
240
6 Months* -4.39% -2.88% 220 Benchmark - BSE 30 TRI
1 year* 17.56% 12.14% 200
Inception** 42.70% 37.16% 180
* Absolute Returns ** Compounded Annualised Returns ^ Past Performance may or may not 160
be sustained in the future and may not necessarily provide a basis for 140
comparison with other investments. Performance of the Dividend option for the investor 120
would be net of the dividend distribution tax, as applicable Date of Inception - December 23, 2008 # Benchmark
Index - BSE 30 Total Return Index Since inception returns are calculated on NAV of ` 10 invested at inception. 100
Sector Allocation (% of Net Assets) 80 Base = 100 as on 23-Dec-08
60
Banks 14.26% 23-Dec-08 31-Mar-11
Software 8.06%
Finance 7.95%
^ Past Performance May Or May Not Be Sustained In The Future
Auto 7.44%
Cement 6.31%
Transportation 5.00%
Diversified 4.73%
Fund Size March 2011
Ferrous Metals 3.89%
Hotels 3.83% *Average AuM (B in Crores) #Absolute AuM (B in Crores)
Media & Entertainment 3.82%
Industrial Capital Goods 3.82% Growth option 2.18 2.61
Oil 3.46%
Consumer Non Durables 2.94%
Dividend option 0.97 1.09
Construction Project 2.91%
Telecom - Services 2.52%
Total 3.15 3.70
Power 2.33% *Cumulative Daily AuM /No of days in the month
0% 2% 4% 6% 8% 10% 12% 14% 16% #AuM as on March 31, 2011

Portfolio
Name of Investment Industry Quantity Market % to Name of Investment Industry Quantity Market % to
Value Net Value Net
In Lakhs Asset In Lakhs Asset
EQUITY & EQUITY RELATED Tata Global Beverages Ltd Consumer Non Durables 11,106.00 10.86 2.94
A) Listed /awaiting Listing On The Stock Exchange Infosys Technologies Ltd Software 334.00 10.83 2.93
Housing Development Finance Finance 2,917.00 20.45 5.53 Voltas Ltd Construction Project 5,889.00 10.76 2.91
Corporation Ltd Axis Bank Ltd Banks 746.00 10.47 2.83
Bajaj Auto Ltd New Auto 1,251.00 18.31 4.95 Bharti Airtel Ltd Telecom - Services 2,605.00 9.31 2.52
Hindustan Unilever Ltd Diversified 6,087.00 17.48 4.73 Maruti Suzuki India Ltd Auto 728.00 9.19 2.48
HDFC Bank Ltd Banks 729.00 17.10 4.62 Power Finance Corporation Ltd Finance 3,574.00 8.93 2.42
Tata Steel Ltd Ferrous Metals 2,312.00 14.39 3.89 PTC India Ltd Power 10,321.00 8.61 2.33
Indian Hotels Co Ltd Hotels 16,850.00 14.15 3.83 3I Infotech Ltd Software 12,468.00 5.47 1.48
Zee Entertainment Enterprises Ltd Media & Entertainment 11,429.00 14.13 3.82 Gateway Distriparks Ltd Transportation 3,836.00 4.63 1.25
Crompton Greaves Ltd Industrial Capital Goods 5,173.00 14.11 3.82
b) Unlisted - - - -
Container Corporation of India Ltd Transportation 1,153.00 13.84 3.74
TOTAL 307.78 83.23
State Bank of India Banks 490.00 13.55 3.66
Tata Consultancy Services Ltd Software 1,142.00 13.52 3.66 c) CBLO* 46.94 12.69
Oil & Natural Gas Corporation Ltd Oil 4,386.00 12.78 3.46 d) Net Receivable/(payable) 15.06 4.07
Ultratech Cement Ltd Cement 1,065.00 12.05 3.26
ING Vysya Bank Ltd Banks 3,616.00 11.61 3.14 Grand Total 369.77 100.00
ACC Ltd Cement 1,049.00 11.27 3.05

* Cash & cash Equivalents

9 Quantum Mutual Fund

 Quantum Tax Saving Fund
An open ended Equity Linked Saving Scheme As on 31st March 2011

Load Structure
Entry Load Exit Load
N.A.* NIL
*In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009
has notified that, w.e.f. August 01, 2009 there will be no entry load charged to the Brokerage & Commissions Paid
schemes of the Mutual Fund and the upfront commission to distributors will be
paid by the investor directly to the distributor, based on his assessment of various Brokerages Paid for Equity Trading for March 2011 ` 9,401.76
factors including the service rendered by the distributor.
Distributor Commissions Paid till date NIL

The indicative Asset Allocation

Instruments Indicative allocations (% of total assets) Risk Profile
Minimum Maximum High/Medium/Low
Equity & Equity - related securities* 80% 100% High
Debt & Money Market Instruments 0% 20% Low to Medium

In accordance with the ELSS, investments by the Scheme in equity and equity related Securities will not fall below 80% of the net assets of the Scheme.

*Equity related Securities shall mean all those instruments which are permitted as per ELSS Guidelines from time to time and shall include equities, cumulative convertible preference shares and fully convertible debentures and
bonds of companies. Investment may also be made in partly convertible issues of debentures and bonds including those issued on rights basis subject to the condition that, as far as possible, the non-convertible portion of the
debentures so acquired or subscribed, shall be disinvested within a period of 12 (twelve) months.

^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 fund’s assets that have changed over the course of a year.

10 Quantum Mutual Fund

 Quantum Equity Fund of Funds
An open ended Equity Fund of Funds Scheme As on 31st March 2011

Quantitative Scheme Data^

Standard deviation 17.73%
Nature of Scheme Open-ended Equity Fund of Funds Scheme Beta 0.79
Investment Objective The investment objective of the scheme is to generate Sharpe Ratio 1.47
long-term capital appreciation by investing in a
portfolio of open-ended diversified equity schemes of Portfolio Turnover Ratio 44.13%
mutual funds registered with SEBI. There can be no assurance of
positive returns from following the stated investment strategy. ^ Please refer Page 2 for Definitions
Fund Manager Mr. Arvind Chari (Since June 26,2009) NAV March 31, 2011
Scheme Fund Manager Total Experience 8 yrs.
(B/Unit)
Inception Date (Date of Allotment) July 20, 2009
Feature Expense Ratio 0.75%
Growth option 14.1800
Dividend option 14.1820
Investment Options Growth & Dividend (Dividend Option will in turn have two Facilities, Dividend
Payout Facility and Dividend Re-investment Facility)
Minimum Application Amount B 500/- and in multiples of B 1/- thereafter, Additional Investment would be
(Under each Plan) B 500/- and in multiples of B1/- thereafter / 50 units.
Lock-in Period NIL
Net Asset Value (NAV) Every Business Day
Benchmark Index BSE 200 Index

Performance as on March 31, 2011 Performance as on March 31, 2011

160
Period Returns - Growth Option (%)^ Returns Benchmark (%) # Quantum Equity Fund of Funds - Growth Option

Benchmark - BSE 200 Index

6 Month* -5.66% -6.00% 140

1 year* 12.22% 8.15% 120

Since Inception** 22.83% 16.00% 100

* Absolute Returns ** Compounded Annualised Returns ^ Past Performance may or may Base = 100 as on 20-Jul-09
not be sustained in the future and may not necessarily provide a basis for 80
comparison with other investments. Performance of the Dividend option for the investor 20-Jul-09 31-Mar-11
would be net of the dividend distribution tax, as applicable Date of Inception - July 20, 2009 # Benchmark
Index - BSE 200 Index Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Past Performance May Or May Not Be Sustained In The Future

Load Structure Fund Size March 2011

Entry Load *Average AuM (B in Crores) #Absolute AuM (B in Crores)

N.A.*
*In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 Growth option 2.03 2.14
has notified that, w.e.f. August 01, 2009 there will be no entry load charged to the
schemes of the Mutual Fund and the upfront commission to distributors will be
paid by the investor directly to the distributor, based on his assessment of various Dividend option 0.27 0.28
factors including the service rendered by the distributor.

Exit Load Total 2.30 2.42

Repurchase/ Redemption/ Switch Out Load – 1.5 % within 1 year from the date of
allotment *Cumulative Daily AuM /No of days in the month
#AuM as on March 31, 2011

Portfolio
Name of Investment Quantity Market % to Name of Investment Quantity Market % to
Value Net Value Net
In Lakhs Asset In Lakhs Asset
a) Mutual Fund b) CBLO * 2.21 0.91

HDFC Top 200 Fund - Growth Option 21,177.13 45.58 18.80

c) Cash & Equivalent 0.04 0.02
DSP BlackRock Equity Fund - Regular Plan - Growth 268,917.47 44.56 18.38
Grand Total 242.39 100.00
HDFC EQUITY FUND-GR 15,443.90 43.75 18.05

Birla Sun Life Frontline Equity Fund-Plan A (Gr) 41,902.00 37.67 15.54

Canara Robeco Equity Diversified-Growth Option 65,655.26 36.10 14.89

SBI Magnum Multiplier Plus Scheme - 93 -Growth 41,330.98 32.49 13.40

TOTAL 240.15 99.07

* Cash & cash Equivalents

11 Quantum Mutual Fund

 Quantum Equity Fund of Funds
An open ended Equity Fund of Funds Scheme As on 31st March 2011

The indicative Asset Allocation

Instruments Indicative allocations (% of total assets) Risk Profile
Minimum Maximum High/Medium/Low
Open-ended diversified equity schemes of mutual 90% 100% High
funds registered with SEBI.
Money Market Instruments 0% 10% Low to Medium

The scheme will only invest in third party mutual funds. The fund shall invest in a mix ofdiversified equity schemes, mid cap/ small cap/ large cap oriented schemes.

^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 fund’s assets that have changed over the course of a year.

12 Quantum Mutual Fund

 SCHEME FEATURES
As on 31st March 2011

Quantum Long Term Equity Fund Quantum Liquid Fund Quantum Gold Fund
Nature of Scheme Open-ended Equity Scheme Open-ended Liquid Scheme Open ended Exchange Traded Fund - Gold

Investment Objective The investment objective of the Scheme is to achieve The primary investment objective of the Scheme is to The Investment Objective of the Scheme is to generate
long-term capital appreciation by investing primarily in provide optimal returns with low to moderate levels of returns that are in line with the performance of gold and
shares of companies that will typically be included in the risk and high liquidity through judicious investments in gold related instruments subject to tracking errors.
BSE 200 Index and are in a position to benefit from the money market and debt instruments. However, investment in gold related instruments will be
anticipated growth and development of the Indian made if and when SEBI permits mutual funds to invest, in
economy and its markets. gold related instruments. The Scheme is designed to
provide returns that before expenses, closely correspond
to the returns provided by gold.

Fund Manager Mr. Atul Kumar (Since November 15, 2006) Mr. Arvind Chari (Since April,24 2007) Mr. Chirag Mehta (Since May 01, 2009)

Fund Manager Total Experience 11 yrs 8 yrs 7 yrs

Associate Fund Manager Mr. Nilesh Shetty (Since March 28, 2011)

Total Experience 7 yrs

Inception Date March 13, 2006

(Date of Allotment)
Entry Load NA*
*In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 has notified that, w.e.f. August 01, 2009 there will be no entry load charged to the schemes of the
Mutual Fund and 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 Repurchase/ Redemption/Switch Out - within 6 months of NIL Eligible Investor - NIL
allotment 4.00%, Authorised Participants - NIL
after 6 months but within 12 months of allotment 3.00%,
after 12 months but within 18 months of allotment 2.00%,
after 18 months but within 24 months of allotment 1.00%,
after 24 months of allotment Nil
Expenses Ratio 1.50% 0.45% 1.00%

Investment Options Growth & Dividend (Dividend Option will in turn have Growth, Daily Dividend Reinvestment & Monthly Growth
two Facilities, Dividend Payout Facility and Dividend Re- Dividend Payout.
investment Facility)

Minimum Application Amount ` 500/- and in multiples of ` 1/-thereafter, Additional Growth option ` 5,000/- and in multiples of ` 1/- Directly with Fund: The investors can create / redeem in
(Under each Option) Investment would be ` 500/- and in multiples of `1/- thereafter, Additional Investment - ` 500/- and in exchange of Portfolio Deposit and Cash Component in
thereafter. multiples of ` 1/- thereafter/50 units. Monthly creation unit size at NAV based Price. On the Exchange:
Dividend Payout option ` 10,000/- and in multiples of Approx equal to price of ½ gram of Gold quoted on the
` 1/- thereafter, Additional Investment - ` 500/- and in NSE. On NSE, the units can be purchased / sold in
multiples of ` 1/- thereafter/ 50 units. Daily Dividend minimum lot of 1 units and in multiples therefore.
Re-investment option ` 1,00,000/- and in multiples of
` 1/- thereafter, Additional Investment - ` 500/- and in
multiples of ` 1/- thereafter / 50 units
Lock-in Period NIL NIL NIL

Net Asset Value (NAV) Every Business Day Every Business Day Every Business Day

Benchmark Index BSE 30 Total Return Index Crisil Liquid Fund Index Domestic Price of Gold

Quantum Index Fund Quantum Tax Saving Fund Quantum Equity Fund of Funds

Nature of Scheme Open-ended Exchange Traded Fund Open-ended Equity Linked Savings Scheme Open-ended Equity Fund of Funds Scheme
with a lock-in period of 3 years

Investment Objective The investment objective of the scheme is to invest in The investment objective of the Scheme is to achieve The investment objective of the scheme is to generate
stocks of companies comprising S & P CNX Nifty Index long-term capital appreciation by investing primarily in long-term capital appreciation by investing in a portfolio
and endeavour to achieve return equivalent to Nifty by shares of companies that will typically be included in the of open-ended diversified equity schemes of mutual
“Passive “investment. The Scheme will be managed by BSE 200 Index and are in a position to benefit from the funds registered with SEBI. There can be no assurance of
replicating the index in the same weightage as in the S & anticipated growth and development of the Indian positive returns from following the stated investment
P CNX Nifty with the intention of minimizing the economy and its markets. strategy.
performance differences between the scheme and the
S& P CNX Nifty Index in capital terms, subject to market
liquidity, costs of trading, managing expenses and other
factors which may cause tracking error.

Fund Manager Mr. Hitendra Parekh (Since June 09,2008) Mr. Atul Kumar (Since December 10, 2008) Mr. Arvind Chari (Since June 26,2009)

Fund Manager Total Experience 18 yrs 11 yrs 8 yrs

Inception Date July 10, 2008 December 23, 2008 July 20, 2009
(Date of Allotment)
Entry Load NA*
*In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 has notified that, w.e.f. August 01, 2009 there will be no entry load charged to the schemes of the
Mutual Fund and 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 NIL NIL Repurchase/ Redemption/ Switch Out Load – 1.5 %
(retails Investor can exit the scheme only through within 1 year from the date of allotment
secondary market)

Expenses Ratio 0.50% 1.50% 0.75%

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

Minimum Application Amount Directly with Fund: The investors can create / redeem in ` 500/- and in multiples of ` 500/- thereafter, Additional ` 500/- and in multiples of ` 1/- thereafter, Additional
(Under each Option) exchange of Portfolio Deposit and Cash Component in Investment in all schemes would be ` 500/- and in Investment would be ` 500/- and in multiples of `1/-
creation unit size at NAV based Price. On the Exchange: At multiples of ` 500/- thereafter thereafter / 50 units
prices which may be close to the NAV of QIF Units. On NSE,
the units can be purchased / sold in minimum lot of 1 unit
and in multiples therefore. The units of QIF issued under the
scheme will be approximately equal to the price of 1/10
(one-tenth) of the S&P CNX Nifty Index.
Lock-in Period NIL 3 years from the date of allotment of the respective Units NIL

Net Asset Value (NAV) Every Business Day Every Business Day Every Business Day

Benchmark Index S&P CNX Nifty Index BSE 30 Total Return Index BSE 200 Index

13 Quantum Mutual Fund

 Disclaimer

$
Value Research Rating Methodology: Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid
funds this rating is based on the weighted average monthly returns for the last 3 and 5-year periods. These ratings do not take into consideration any entry or exit
load. Each category must have a minimum of 10 funds for it to be rated. Effective, July 2008, an additional qualifying criterion has been included, whereby a fund

with less than ` 5 crore of average AUM in the past six months will not be eligible for rating. Five-stars indicate that a fund is in the top 10% of its category in terms of
historical risk-adjusted returns. 45 open-ended Equity Multi Cap Funds were rated as on March 31, 2011. The Value Research Ratings are published in Monthly
Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by
respective funds; Value Research does not guarantee the accuracy.

Quantum Long-Term Equity Fund (QLTEF): An open ended equity scheme. Investment Objective: To achieve long-term capital appreciation by investing
primarily in shares of companies that will typically be included in the BSE 200 Index and are in a position to benefit from the anticipated growth and development of

the Indian economy and its markets. Quantum Liquid Fund (QLF): An open ended Liquid scheme. Investment Objective: To provide optimal returns with low to

moderate levels of risk and high liquidity through judicious investments in money market and debt instruments. Quantum Gold Fund (QGF): An open ended

exchange traded fund gold. Investment Objective: 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. Quantum Index Fund (QIF): An open ended

exchange traded fund. Investment Objective: with an objective to invest in stocks of companies comprising the S & P CNX Nifty Index and endeavor to achieve
returns equivalent to the Nifty by “Passive” Investment. The scheme will be managed by replicating the Index in the same weightage as in the S&P CNX Nifty Index
with the intention of minimizing the performance differences between the scheme and the S&P CNX Nifty Index in capital terms, subject to market liquidity, costs of

trading, management expenses and other factors which may cause tracking error. Quantum Tax Saving Fund (QTSF): An open ended equity linked savings

scheme. Investment Objective: to achieve long term capital appreciation by investing primarily in shares of companies that will typically be included in the BSE

200 Index and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets. Quantum Equity Fund of Funds

(QEFOF): An open ended Equity fund of funds scheme. Investment Objective: 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.

Terms of issue: Units of the scheme can be subscribed /redeemed at the applicable NAV on all Business Days. Declaration of NAV on all Business Days. Entry Load:

Not applicable. Exit Load: QLTEF: On repurchase/redemption/switch-out within 6 months from the date of allotment- 4%, after 6 months but within 12 months
from the date of allotment - 3%, after 12 months but within 18 months from the date of allotment - 2%, after 18 months but within 24 months from the date of

allotment - 1%, after 24 months from the date of allotment - Nil. QLF: Nil; QGF: Nil in case of both Authorised Participants and Eligible Investors. QIF: Nil; QTSF : Nil;

QEFOF: On repurchase/redemption/switch-out within 1 year from the date of allotment -1.5%. Risk Factors: All Mutual Funds, securities investments and

Gold are subject to market risks and there can be no assurance that the Scheme’s objective will be achieved and the NAV of the scheme(s) may go up

or down depending upon the factors and forces affecting securities markets and Gold. Quantum Long-Term Equity Fund, Quantum Liquid Fund,

Quantum Gold Fund, Quantum Index Fund, Quantum Tax Saving Fund and Quantum Equity Fund of Funds are the names of the schemes and does

not in any manner indicate either the quality of the Schemes, their future prospects or returns. Investors in the Scheme(s) are not being offered a
guaranteed or assured rate of return. Investment in mutual fund units involves investment risks 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). The investors

are advised to refer to the Scheme Information Documents of QGF and QIF for full text of the ‘Disclaimer Clause of NSE’. 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 (AMC). The Sponsor,

Trustee and Investment Manager are incorporated under the Companies Act, 1956. Please read the Scheme Information Document (SID) /Key Information

Memorandum (KIM)/ Statement of Additional Information (SAI)/Addenda carefully before investing. SID / KIM / SAI can be obtained at the Investor

Service Centers of the AMC or at the office of the AMC or on the website www.QuantumAMC.Com/www.QuantumMF.com.

14 Quantum Mutual Fund