FAQs

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  • What is Systematic Transfer Plan (STP)?
    STP refers to Systematic Transfer Plan where in an investor invests a lump sum amount in one scheme and regularly transfers (i.e. switches) a pre-defined amount into another scheme. According to the frequency of STP selected, on a specified date an amount chosen by the investor is transferred from the existing scheme to another of the investor’s choice.
  • When does the offline STP get activated?
    STP instructions will take a minimum of 10 business days for registration with the registrar. The first transfer will be carried out only after the registration. Therefore, the date and months in which your STP commences and ends may change depending on the date of its registration.
  • Tell me more about STP functionality.

    For an STP you can invest a lump sum amount in one scheme and regularly transfer a pre-defined amount into another scheme. Commonly, investors park a lump sum amount in a debt fund, from where a regular amount is transferred at periodic intervals into specific equity-oriented funds. It is similar to the drip investing concept of an SIP, the only difference being that money flows from one fund to another in case of an STP instead of being transferred from your bank account. This eliminates the risks associated with timing the market in case of lump sum investments and in turn offers the benefit of rupee cost averaging. You may choose a daily, weekly, monthly or a quarterly transfer plan, as per your needs.

    For an STP, you have to choose a fund from which the transfer is taking place (Transfer of scheme or fund) and a fund to which the transfer is taking place (Transferee Scheme or Fund). Transfers can be made daily, weekly, monthly or quarterly depending upon the STP chosen by you and the options available.

    The STP takes place in the form of units of the fund. This switch to the new scheme is carried out at the prevailing net asset value (NAV). Depending upon the NAV of the transferor fund, the redeemed units are converted in to redemption amount which is used to purchase the units of the transferee fund.

    Say if a person wants to invest in a fund ‘B’ through STP, he will have to first select a fund ‘A’ which allows STP. After selecting the fund ‘A’, he will select fund ‘B’ where the amount will be transferred. But instead of reallocating the entire amount, in STP you can select and set your amount and time period according to your risk appetite and the money will be regularly transferred from fund ‘A’ to fund ‘B’ .

    The STP helps against any foreseen or sudden downfalls of the market.

  • Do I need to have a minimum balance in the scheme to start STP?
    Yes, to start Online STP you must have a minimum balance of Rs.5,000/- in the scheme you wish to invest from.
  • Which schemes of Quantum Mutual Fund offer STP facility?

    You can start STP for the following schemes:

    Quantum Long Term Equity Fund
    Quantum Liquid Fund
    Quantum Tax Saving Fund
    Quantum Equity Fund of Funds
    Quantum Gold Savings Fund
    Quantum Multi Asset Fund
    Quantum Dynamic Bond Fund
  • What are the minimum Application Amount, minimum no. of installments required and frequency of dates available under each scheme?
    Scheme NameFrequencies Available Under STPDailyWeeklyFortnightlyMonthlyQuarterly
    Quantum Long Term Equity Fund, Quantum Equity Fund of Funds, Quantum Gold Savings Fund, Quantum Multi Asset Fund & Dynamic Bond Fund
    Minimum STP AmountRs. 100/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Tax Saving Fund
    Minimum STP AmountRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafterRs. 500/- and in multiples of Rs. 500/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
    Quantum Liquid Fund
    Minimum STP AmountRs. 100/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafterRs. 500/- and in multiples of Re. 1/- thereafter
    Minimum No. of Installments / Instructions132251364
    Frequency of DatesAll Business days7,15,21 & 28 of the month5 & 21 OR 7 & 25 of the month5,7,15,21,25 & 28 of the month5,7,15,21,25 & 28 of the month
  • How will the exit load be charged in case of STP purchase?

    The applicable exit load will be charged at the time of STP according to the scheme features.

    Please find below the exit load structure of each scheme;

    Quantum Long Term Equity Fund: Please click here to view the load structure of the scheme
    Quantum Liquid Fund: Please click here to view the load structure of the scheme
    Quantum Tax Saving Fund: Please click here to view the load structure of the scheme
    Quantum Equity Fund of Funds: Please click here to view the load structure of the scheme
    Quantum Gold Savings Fund: Please click here to view the load structure of the scheme
    Quantum Multi Asset Fund: Please click here to view the load structure of the scheme
    Quantum Dynamic Bond Fund: Please click here to view the load structure of the scheme
  • How do I apply for a Systematic Transfer Plan (STP) offline?

    For New Investors:

    Fill all the required information and attach the below mentioned documents as supporting.

    1Main application form along with the SYSTEMATIC TRANSACTION FORM
    2Current dated at par cheque in favor of ‘Quantum ______________ scheme – your PAN number’
    3A cancelled copy of cheque
    4A self-attested copy of PAN of the unit holder(s)
    5KYC acknowledgement copy of the unit holder(s)

    Note : Incase of first time purchase in Quantum Liquid Fund, a request for STP registration can be submitted only after allotment of units in this scheme. (Since allotment of units happen only after realization of funds)

    For Existing Investors

    Duly filled and signed Systematic Transaction Form

    Submission of the Form

    You can submit your physical applications along with all required supporting documents at the addresses mentioned below:

    1Quantum Asset Management Company Private Limited: 505, Regent Chambers, 5th Floor, Nariman Point, Mumbai – 400 021
    2Quantum Asset Management Company Private Limited: 610, 6th floor, Neelyog Square, Opposite Ghatkopar Railway Station, Ghatkopar (E), Mumbai – 400 077.
    3Quantum Asset Management Company Private Limited: 602, 6th floor, Siddharth Arcade, Above HSBC Bank, L.T. Road, Borivali West, Mumbai - 400 092
    4Quantum Asset Management Company Private Limited: Office No. – 117, DBS Business Center, 31-A, Cathedral Garden Road, Nungambakkam, Chennai- 600 034
    5Quantum Asset Management Company Private Limited: 1st Floor, Shajanand Complex Opp; Arvindbhai Avenue, (Old Citi Bank) Nr: Panchavati Petrol Pumps C.G Road, Ahmedabad - 380006
    6Karvy Computershare Private Limited- Karvy is our Registrar and Transfer Agent having many offices across India. Click here for all the locations available over India.
    7Drop your Applications at the Drop Box-
    We have tied up with Yes bank and Vichare Courier to offer facility of dropping the purchase application form along with the cheque and supporting at their drop boxes at various locations across Mumbai. By using this facility investor need not visit any of our Office or Karvy branch. The applications will be picked up directly and forwarded to our official point of contact.
    Click here to read the Drop-Box facility FAQs.
    Click here for all the Drop-Box locations available across Mumbai.
    8Inform us to avail the Cheque pick-up facility -
    Call us on 1800 - 209 - 3863 / 1800 - 22- 3863for picking your application and we will arrange an authorized person to come to your residence or office for as per your convenience. You can also write to us on Customercare@QuantumAMC.com for the same.
  • Why should I invest through STP?

    When you feel that your portfolio needs rebalancing, STP comes in handy and saves you from lots of operational hassles that would otherwise go in transferring funds into equity schemes.
    When market conditions are in favor of equity growth in near future, it’s good to skew your portfolio towards equity for better returns with the help of STP.

    You can invest in a Debt funds and from there you can start a STP to an Equity Fund, so it works like a systematic Investment Plan (SIP).
    Works as SWP: STP can also work like SWP, because with some funds you can do transfer from Equity funds to Debt Funds, so when markets look risky you can start a STP from Equity to Debt funds, which will act like SWP.
    Liquidity: Generally one does STP from Debt to Equity funds, so your money is invested in Debt fund. This means you can sell it anytime if you want. Hence it works like an ‘Emergency Fund’ too. In case you need money urgently, it can act like a liquid asset.
    Growth in Money: Not to forget that your money is invested in Debt funds, so your money is also growing at debt returns.


  • How can I cancel or modify my existing offline STP?
    Yes, you can cancel your existing STP. To cancel your STP request, kindly submit to us a duly signed written request by all the unit holder(s) according to the mode of holding. In the written request, kindly mention your folio number, the STP amount, STP date and the scheme name in which you wish to cancel the STP.
    Your request for STP cancellation needs to be submitted 10 working days prior the STP date.

    You cannot modify the STP after registration since STP is a commercial transaction. Hence, you will need to first cancel your existing STP with the cancellation procedure given above. Subsequently, you can register for fresh STP.
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.