Quantum Mutual Fund, India's 1st direct to investor mutual fund has announced the appointment of Jimmy A Patel as Chief Executive Officer (CEO).
Mr. Patel has close to 20 years of experience in the financial services sector, and has been credited for his contributions in key management roles in the industry.
Along with holding a Chartered Accountant’s degree, Mr. Patel has also completed his L.L.B. from the University of Mumbai.
Speaking on his appointment, Mr. Patel said, “I am delighted to join Quantum Mutual Fund, and am excited about the opportunities that lie ahead. As the country’s first direct to investor mutual fund we have always focussed on the investor, selling our funds directly through the retail channel. Going ahead, we intend to deepen this focus.”
Expressing his views on the Quantum philosophy, Ajit Dayal, Chairman, Quantum Mutual Fund, said, “Quantum Mutual Fund has been the first – and only – mutual fund that has refused to pay distributor commissions. Since inception, we have always worked for the benefit of our investors and have consciously kept away from opaque distributor channels that charged undisclosed commissions. At a time where other mutual funds are busy fighting to find ways to pay commissions to distributors, Quantum continues to work for the interest of the investor.”
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 (AMC). The Sponsor, Trustee and the Investment Manager are incorporated under the Companies Act, 1956. Risk Factors: All Mutual Funds and securities investments are subject to market risks including uncertainty of dividend distributions and the NAV of the schemes may go up or down depending upon the factors and forces affecting securities markets. Past performance of Sponsor, AMC, Mutual Fund or any associates of the sponsor / AMC does not indicate the future performance of the Scheme(s) of the Mutual Fund. Mutual Fund investments are subject to market risks. Please read the Scheme Information Document and Statement of Additional Information carefully before investing.