About Quantum Tax Saving Fund Direct-Growth
Quantum Tax Saving Fund Direct-Growth is a Tax Saver
mutual fund scheme from Quantum Mutual Fund
. This scheme was launched on 23 Dec 2008 and is currently managed by its fund managers Sorbh Gupta
and Atul Kumar
. It has an AUM of ₹75.07 Crores and the latest NAV decalared is ₹50.110 as on 11 Oct 2019 at 9:05 pm.
Quantum Tax Saving Fund Direct-Growth scheme return performance in last 1 year is -1.12%, in last 3 years is 10.42% and 4.40% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme seeks capital appreciation through a diversified portfolio comprising primarily of stocks of such companies that will typically be included un the BSE 200 Index, are available at attractive valuations and in a position to benefit from the anticipated growth and development of Indian economy. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.