Frequently Asked
Questions

Simple and performing mutual fund schemes shall comprise of diversified equity schemes, fixed maturity plans (FMPs) and index schemes and should have returns equal to or better than their scheme benchmark returns during each of the last three years. 

Yes, These new cadre of distributors are required to complete a simplified form of National Institute of Securities Market (NISM) certification. The NISM has launched the Continuing Professional Education (CPE) and Test programme for the new cadre of Distributors and 
registration for the same commenced from January 14, 2013. 

Yes. The new cadre of distributors would require AMFI Registration prior to empanelling themselves with the AMCs and further to distribute mutual fund products

AMFI has prescribed registration fee of Rs.1,500/- for three years for this new cadre of Distributors. However, AMFI has waived registration fees for all the distributors registering for the first time in the categories of Individuals (including Sr. Citizen) and new cadre of Distributors
during the period from 1st February 2013 to 31st March 2014, subject to fulfilling of certain conditions

The conditions to be fulfilled are: 

i) Senior Citizens are Individuals who qualify under the criteria stipulated by SEBI i.e. a person who has attained age of 50 years as on May 31, 2010 (OR) has at least 10 years experience in the securities market OR/ AND in distribution in Mutual Fund products as on May 31, 2010. 

ii) New cadre of Distributors should be compliant with the criteria mentioned in the SEBI Circular dated September 13, 2012. 

iii) Individuals, Sr. Citizens and new cadre of Distributors should have valid Certificate for passing NISM Examination/ attending CPE Programme. 

 Iv) ARN Card issued shall be valid upto 3 years from the date of passing the date of NISM Examination / attending CPE Programme. However, renewal of ARN after 3 years shall be subject to payment of prescribed fees, as applicable at the time of renewal.

v) The application made for registration under this scheme (waiver of fees) should be accompanied with all other stipulated documents specified in the ARN Registration Form.

For commission structure details, please contact Mr. Nilesh Gawle - AVP Channel Sales - Email - [email protected] | Mobile – 9324445938

Even an SEBI Registered Investment Advisor (RIA) can become a Partner with Quantum Mutual Fund.

Online:
1. Click on the tab "Partner Corner” > Get Empanelled.

2. Partner to enter either broker code / RIA code (for e.g. If the ARN code is 12345, the partner needs to enter “12345”) and accept the terms and conditions.

3. If Partner has not done the registration with Quantum MF – System will take to the next screen of OTP Verification.
On the OTP Verification Screen – There are 3 scenarios based on the availability of contact details –
Scenario 1 -
Partner/RIA is already registered with any Kfintech Serviced Fund House. Also the e-mail ID and mobile number are available in Kfintech records
• System will populate the contact details (masked). Also the partner will get an option to add alternate email ID and mobile number. And the OTP will be sent to the registered details as well as on the alternate contact details.
• Post successful OTP validation using the already available contact details, the System will allow the Partner/RIA to go to the ‘Partner Details’ screen, pre-populate all the available details and submit the request.
Scenario 2 -
Partner / RIA is already registered with any Kfintech Serviced Fund House. However, the e-mail ID and / or mobile number is not available or old contact details registered in Kfintech records are not updated:
• The System will allow the Partner to enter his / her contact details (e-mail ID & mobile number) an OTP will be sent to the registered details.
• Post successful OTP validation, the system will allow the Partner to go to the 'Partner Details' screen.
• On this screen, name, e-mail ID and mobile number would be pre-populated and other details will have to be entered by the Partner/RIA to submit the request.
Scenario 3 -
Partner / RIA is not registered with any Kfintech Serviced Fund House.
• The System will allow the Partner to enter his / her contact details (e-mail ID & mobile number) and OTP will be sent to the registered details.
• Post successful OTP validation, the system will allow him / her to go to the 'Partner Details' screen.
• On this screen, name, e-mail ID and mobile number would be pre-populated and other details will have to be entered by the Partner to submit the request.

4. Validate your contact details through OTP Verification Screen

The amount of the commission payable to the Partner will be directly credited to his account via NEFT/RTGS in case of the valid IFSC code and Core Banking account number is provided. If payment through both the mode is unsuccessful then we request the partner to provide the new bank details and once the partner updates the bank details in our records, we will release the payout/s.

Yes, you can distribute our funds online after signing an Online Distribution Agreement with us.

A transaction which requires minimal investment details and can be completed in a short span of time is known as a Quick Purchase Transaction.

Below is the procedure to initiate a quick new purchase on behalf of the investor.

1. Login with your ARN/RIA/RM under the Partner Login Module
2. Click on Transactions > Quick New Purchase
3. Enter the investor details as below:

•         4. Click on ‘Submit’
•         5. A link will be sent to the investor’s email id. The distributor will also be copied in this mail for reference purpose. (This link will be valid for 7 calendar days)
•         6.Investor has to click on the link to enter the bank details and click ‘send otp’
•        7. OTP will be sent to his registered email id & mobile number. Investor to confirm the transaction by entering the OTP received
•        8. Make the payment for the said transaction
•      9. The investor will receive an email and SMS acknowledgement as a confirmation for completing the transaction.

Note:

1) The below details are prefilled by default which cannot be amended while doing an online quick new purchase.

   • Tax Status – Resident Individual
   • Mode of Holding – Single
   • Nomination - I do not wish to nominate
   • Account Type – Savings Account
   • FATCA details –
      • Politically Exposed Applicant – No
      • Related to Politically Exposed Applicant – No
      • Country of Birth of Applicant – India
      • Country of Citizenship/Nationality of Applicant – India
      • Tax Resident of Any Other Country than India – No
      • Broker /RIA/RM Code will be taken of the person initiating the transaction
      • Demat Type - Non-Demat mode

Investors can later submit online/offline/email request for any changes in the above details.

Quantum Mutual Fund does not deduct Transaction Charges and shall continue not to deduct Transaction Charges as allowed under SEBI Circular No. Cir / IMD / DF/13/2011 dated August 22, 2011.

The procedure to initiate a transaction by Partner/RIA on behalf of the investor is:

Visit www.QuantumAMC.com > Partner Corner

• Select Partner Login option

• Login with your ARN / RIA code / Mobile number & OTP

• Click on "Initiate Transaction" tab

• Select the Folio number or enter the Folio number under which transaction needs to be initiated

• Enter all the required details and click on ‘Submit’ option. The link to confirm the transaction will be sent to the investor’s registered email id with a copy to the Partner’s/RIA’s Email ID through whom the transaction has been initiated.

• The investor has to click on the link and have to confirm the transaction and make the payment

• Investor will receive an email acknowledgement as confirmation for completing the transaction.

Investor should indicate the Direct / Regular Plan for which the subscription is made by indicating the choice in the application form as explained above. In case of valid application received without indicating any choice of plan then the application will be processed for plan as under:

In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ partner. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application.

In our never-ending endeavor to empower our Partners, we at Quantum have launched this new Partner Platform that aims to help our Partners earn Trust, Faith and Respect amongst the millions of investors.

The first step is to register with us. Post registration Partners can avail of all the benefits the platform offers.

QUICK NEW PURCHASE - is a quick investment process with bare limited fields that are required for initiating the transaction. A unique facility wherein the Partner can initiate an online new purchase transaction, fill the form on behalf of the investor through the Partner Login module, while the investor has to just enter the bank account and effect the payment.

PARTNER INITIATED TRANSACTION - Partners can initiate transactions on behalf of the investor, and requires the investor to “accept” at the end.

ONLINE KYC to help Partners acquire investors across the globe while operating out of their offices.

PATH TO PARTNERSHIP - An exclusive Awareness & Education initiative for Partners to provide them with a broad perspective on the Mutual Fund industry and tips to upscale their advisory growth journey.

SAVE GREEN, GO PAPERLESS - We support SEBI’s ‘Go Green initiative in Mutual Funds’ and the ‘Digital India’ project by the Government of India. Hence, we urge all our Partners to support us in this endeavor to create a paper free work environment and help speedup efficiency and automate business processes.

1. Login with OTP
2. Select ‘SIP Modification’ under the ‘Transaction’ menu
3. Select/Enter the folio and click on ‘Submit’
4. The details of the existing SIPs will display. Click on ‘Modify’ for the SIP to be modified
5. Enter the required details and click on ‘Submit’
6. Confirm the SIP modification by clicking on ‘OK’ option
7. An email with the link to complete the SIP modification will be triggered to the investor’s registered email Id
8. After clicking on the link, the investor has to click on ‘Send OTP’. An OTP will be sent to investor’s registered email id & mobile number. Investor to confirm the transaction by entering the OTP received and has to click on ‘Submit’
9. An on-screen message will be displayed. Also an email and SMS acknowledgement will be triggered to the investor’s registered email id and mobile number respectively
10. The modification of SIP instructions will take a minimum of 15 days for registration

Note:

1. The existing SIP will be cancelled within 15 days and till the cancellation is effected in the system, the earlier SIP installment may be debited from the investor’s bank account. Modification in SIP will be effected as per the Start date as approved by the investor.
2. If the modification is done in the SIP amount, the investor has to change the amount in the ‘Bill Pay’ section also of the Net Banking Portal, provided he have set any limit for the SIP amount while registering the URN.
3. SIP registered by investor through online mode only can be modified through this module.

Procedure for SIP Registration in Partner Login :

Visit www.QuantumAMC.com > Partner Corner > Partner Login

1.Login with OTP

2. Select ‘SIP’ under the ‘Transaction’ menu

3. Select/Enter the folio and click on ‘Submit’

4. Click on ‘Add New SIP’

5. Enter the required details and click on ‘Submit’

6. Confirm the details of SIP by clicking on ‘Confirm’ option

7. An email with the link to complete the SIP registration will be triggered to the investor’s registered email Id

8. Investor has to click on the link and have to enter the bank details

9. Click on ‘Send OTP’. OTP will be sent to investor’s registered email id & mobile number. Investor to confirm the transaction by entering the OTP received

10. An on-screen message will be displayed. Also an email and SMS acknowledgement will be triggered to the investor’s registered email id and mobile number respectively

11. Investor has to register the URN within expiry date (within 7 days from registration date)

12. SIP will be registered within 15 days (subject to successful registration confirmation received from the Bank).

Note:

All the other features of the Partner Login Module will remain the same as earlier.

You may write to us at [email protected] incase of any feedback /clarifications required.