Quantum Mutual Fund will not increase its current expense ratio for the flagship product Quantum Long Term Equity Fund, an open ended equity scheme and will continue to charge 1.25 % as its expense ratio, said a press release on Friday. This is among the lowest in the industry.
Quantum Mutual Fund continues to strongly believe in what is one of the cornerstones of the Quantum philosophy, which is "offering low-cost products while maintaining transparency to our investors".
"We welcome the recent move by SEBI that encourages the mutual fund industry to improve its geographical reach to increase retail participation. We offer low cost products and have capped the current expense ratio of our flagship product Quantum Long Term Equity Fund at 1.25% (one of the lowest in the industry) and offer a complete paperless invest online platform on www.QuantumMF.com, the only one of its kind in the country," said Jimmy A Patel, chief executive officer, Quantum Asset Management Company.
