Investment
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Frequently Asked
Questions
The Online Systematic Investment Plan (SIP) enables you to invest in an SIP online, without any paper work. It takes the simple SIP model and adds to it the convenience of an online investment platform, making it easier, simpler and faster for people to invest.
| Scheme Name | SIP Options | Daily | Weekly | Fortnightly | Monthly | Quarterly |
| Quantum Liquid Fund / Quantum Long Term Equity Value Fund / Quantum ESG Best In Class Strategy Fund / Quantum Equity Fund of Fund / Quantum Gold Savings Fund / Quantum Multi Asset Fund / Quantum Dynamic Bond Fund / Quantum Nifty 50 ETF Fund of Fund | Minimum SIP amount | ₹100/- and in multiples of Re. 1/- thereafter | ₹500/- and in multiples of Re. 1/- thereafter | ₹500/- and in multiples of Re. 1/- thereafter | ₹500/- and in multiples of Re. 1/- thereafter | ₹500/- and in multiples of Re. 1/- thereafter |
| Minimum SIP Installments | 30 | 10 | 10 | 12 | 12 | |
| Eligible Dates | All Business days | Any day of the week | Any day of alternative Week | Any date (except 29, 30,31st) | Any date (except 29, 30, 31st) | |
| Quantum ELSS Tax Saver Fund | Minimum SIP amount | ₹500/- and in multiples of ₹500/- thereafter | ₹500/- and in multiples of ₹500/- thereafter | ₹500/- and in multiples of ₹500/- thereafter | ₹500/- and in multiples of ₹500/- thereafter | ₹500/- and in multiples of ₹500/- thereafter |
| Minimum SIP Installments | 30 | 10 | 10 | 12 | 12 | |
| Eligible Dates | All Business days | Any day of the week | Any day of alternative Week | Any date (except 29, 30,31st) | Any date (except 29, 30, 31st) |
Online SIP instructions will take a minimum of 21 Calendar Days for activation by the Registrar and the Bank. The first auto debit will be carried out only after the registration is completed by the Registrar and the Bank.
You can start online SIP, through Direct & Regular Plans for the following schemes:
| • | Quantum Long Term Equity Value Fund |
| • | Quantum Liquid Fund |
| • | Quantum ELSS Tax Saver Fund |
| • | Quantum Equity Fund of Funds |
| • | Quantum Gold Savings Fund |
| • | Quantum Multi Asset Fund of Funds |
| • | Quantum Dynamic Bond Fund |
| • | Quantum ESG Best in Class Stratergy Fund |
| • | Quantum Nifty 50 ETF Fund of Fund |
| • | Quantum Smallcap Fund |
| • | Quantum Multi Asset Allocation Fund |
| • | Quantum Ethical Fund |
Quantum Mutual Fund offers you Online SIP (URN Based) through the banks mentioned below. Please note that you need to have your net banking with utility payment facility with your bank to avail of this facility.
| Bank Name |
|---|
| Axis Bank Limited |
| Bandhan Bank |
| Bank Of Baroda |
| Bank Of Maharashtra |
| Catholic Syrian Bank |
| CITI BANK |
| City Union Bank |
| Cosmos Bank |
| DCB Bank |
| Development Bank Of Singapore |
| Dhanlaxmi Bank |
| Federal Bank |
| HDFC Bank |
| HSBC Bank |
| ICICI Bank Ltd |
| IDBI Bank Ltd |
| IDFC Bank Ltd |
| India Post Payments Bank |
| Indian Bank |
| Indusind Bank Ltd |
| Karnataka Bank Ltd |
| Karur Vysya Bank Limited |
| Kotak Mahindra Bank |
| Maharashtra Gramin Bank |
| NKGSB Bank |
| Punjab National Bank |
| RBL Bank |
| Samurao Vittal Co-oprative Bank |
| Saraswat Bank |
| South Indian Bank |
| Standard Chartered Bank |
| State Bank Of India |
| Survoday Small Finance Bank |
| Tamilnad Mercantile Bank Ltd |
| The Surat People's Co-Op Bank Ltd |
| UCO BanK Ltd |
| Ujjivan Small Finance Bank |
| Union Bank Of India |
| Yes Bank |
Mode of Registration:
Net Banking Mode - Can be registered through the respective bank’s net banking module
Mobile Banking Mode - Can be registered through the respective bank’s mobile banking option
Payment Mode:
Auto Pay - Auto pay option will enable automatic debit of the SIP amount from the bank account without any manual intervention from the Investor.
View & Pay - View & Pay is an option to manually authorize the payment (in investor’s bank login) on or before each SIP date opted to avoid reversal of units.
The Online SIP (ISIP) facility is available at NO CHARGE from our end. However we request you to get in touch with your bankers with regard to charges for Bill pay registration/processing at their end (if any). Such charges will be borne by the account holder only and will not be borne by the AMC or the fund.
We also wish to bring to your notice that few of the banks have initiated ‘Third Party Validation’. Hence we request you to make sure that you have registered for the bank’s Third Party Funds Transfer service (if your bank demands this facility) and that you have enabled Secure Access within Net Banking. Without these validations, you will not be able to transact online.
Few banks have initiated these additional security measures for protecting your information during third party transfers and to protect your account from any sort of security breach. Kindly approach your bank to have more details on the same.
We also wish to bring to your notice that few of the banks have initiated ‘Third Party Validation’. Hence we request you to make sure that you have registered for the bank’s Third Party Funds Transfer service (if your bank demands this facility) and that you have enabled Secure Access within Net Banking. Without these validations, you will not be able to transact online.
Few banks have initiated these additional security measures for protecting your information during third party transfers and to protect your account from any sort of security breach. Kindly approach your bank to have more details on the same.
You will receive a confirmation email with the details of your Online SIP after successfully completing the application registration process on our website.
The ongoing Daily, Weekly, Fortnightly and Monthly SIP will be terminated after 3 consecutive and Quarterly will be terminated after 2 consecutive reversals due to any reason .
In case you have opted for a ‘View and Pay’ option for your online SIP , you need to authorize the payment on or before the SIP date on your net banking site. If you fail to authorize the payments for two consecutive SIP dates, the SIP will be discontinued.
For further queries please do not hesitate to get in touch with us on [email protected] or on 1800-22-3863 or 1800-209-3863.
An existing individual investor with Quantum Mutual Fund who has a username and password for the Login section can apply, register and invest through our Online SIP module.
However, if you do not have a Quantum username and password but wish to avail this facility, please visit www.quantumamc.com to seek the online username and password to facilitate availing / applying for Online SIP
You will also need to have a net banking with utility payment facility enabled with your bank and be KYC compliant to invest through Online SIP .
Note : A first time investor will be able to make only a lumpsum purchase through our Login section. Post KYC verification, you will be able to make additional transactions through your invest online login including registration of Online SIP.
Currently SIP through ENACH is unavailable for NRI Investors.
Following are the steps to register an ISIP
| New Investor | Existing Investor |
|---|---|
ii) Only SIP - To register only an SIP
|
|
There are two options available for SIP payment through Net Banking/Mobile Banking for a URN based SIP:
If you have opted for ''Auto Pay'', the amount is directly debited from your bank account on the SIP due date (by your bankers) without any manual intervention. However, you would have to ascertain that you maintain the required balance in your account on your SIP due date.
If you have opted for ''View and Pay'', you need to manually authorize the payments on or before the SIP due date. However, If you fail to authorize this debit; your SIP transaction faces the risk of reversal.
Hence, if you have opted for the View and Pay option for your ISIP, we request you to regularly authorize the SIP payment on your opted due date. In order to avoid any last minute rush, you could pay your SIP up to 3 days in advance to your due date.
We have also noted that some banks do not offer the ''Auto Pay'' option and thus, the ''View and Pay'' option is activated as a default in this case. In such a case, or if you have opted for "View and Pay" option and now wish to register for ''Auto Pay'', we request you to check the availability of the same with your bank at the earliest.
| • | Auto Pay |
| • | View and Pay |
If you have opted for ''Auto Pay'', the amount is directly debited from your bank account on the SIP due date (by your bankers) without any manual intervention. However, you would have to ascertain that you maintain the required balance in your account on your SIP due date.
If you have opted for ''View and Pay'', you need to manually authorize the payments on or before the SIP due date. However, If you fail to authorize this debit; your SIP transaction faces the risk of reversal.
Hence, if you have opted for the View and Pay option for your ISIP, we request you to regularly authorize the SIP payment on your opted due date. In order to avoid any last minute rush, you could pay your SIP up to 3 days in advance to your due date.
We have also noted that some banks do not offer the ''Auto Pay'' option and thus, the ''View and Pay'' option is activated as a default in this case. In such a case, or if you have opted for "View and Pay" option and now wish to register for ''Auto Pay'', we request you to check the availability of the same with your bank at the earliest.
To register the SIP (URN Based) with your bank, please follow the below mentioned instructions:
Kindly select the ‘Auto Pay’ option while registering the URN with your Bank. (Auto pay option will enable automatic debit of the SIP amount from your account without any requirement of manual intervention).
In case if you have opted for view and pay option, please ensure that you authorize the payment on or before the SIP date [as per your bank’s timeframe for authorization (which is generally 3 days) opted by you to avoid rejection and reversal of Units].
Please note that you should be the holder / joint holder in the bank records where the URN is added.
Note: You need to register the URN at your banks end within 7 days from registration date.
| 1. | Log in to your Bank’s Internet Banking module/Mobile Banking Application |
| 2. | Choose the Bill Pay section |
| 3. | Select Quantum Mutual Fund as the Biller and enter your URN. |
Kindly select the ‘Auto Pay’ option while registering the URN with your Bank. (Auto pay option will enable automatic debit of the SIP amount from your account without any requirement of manual intervention).
In case if you have opted for view and pay option, please ensure that you authorize the payment on or before the SIP date [as per your bank’s timeframe for authorization (which is generally 3 days) opted by you to avoid rejection and reversal of Units].
Please note that you should be the holder / joint holder in the bank records where the URN is added.
Note: You need to register the URN at your banks end within 7 days from registration date.
Yes you can modify/pause/cancel your online SIP.
Please refer below table on the provisions available:
| ISIP Mode | Modify** | Pause** | Cancel |
|---|---|---|---|
| URN | YES | YES | YES |
| ENACH | NO | YES | YES |
| OTM | NO | YES | YES |
** SIP's Registered through Quantum's Website / Mobile Application can be modified / paused.
If you wish to modify/pause/cancel the existing ISIP registered with us, you can do so by following the below mentioned procedures:
| ISIP Modification | ISIP Cancellation | ISIP Pause |
| Visit www.QuantumAMC.com | Visit www.QuantumAMC.com | Visit www.QuantumAMC.com |
| Click on ‘ILogin’ | Click on "Login" | Click on "Login" |
| Enter Primary holder’s PAN /User ID Select the Folio Number from dropdown list | Enter Primary holder’s PAN /User ID.Select the Folio Number from dropdown list | Enter Primary holder’s PAN /User ID.Select the Folio Number from dropdown list |
| Login Using Password and OTP, confirm the declaration and click on ‘Submit’ | Login Using Password and OTP, confirm the declaration and click on ‘Submit’ | Login Using Password and OTP, confirm the declaration and click on ‘Submit’ |
| Click on ‘SIP’ under the ‘Transact’ tab | Click on ‘SIP’ under the ‘Transact’ tab | Click on ‘SIP’ under the ‘Transact’ tab |
| Click on ‘Modify’ for the respective SIP | Click on ‘Cancel’ for the respective SIP | Click on ‘Pause’ for the respective SIP |
| Modify the SIP frequency, SIP Start Date, SIP End Date & Amount of SIP | Click on Confirm Option | Select the Pause Period |
| Click on Submit and confirm the modification | Click on Submit and confirm the pause details | |
| Note: | Note: | |
| Note: | ||
| SIP will be cancelled within Transaction (T) + 2 working days. | SIP will be paused within 21 days. | |
| Only online registered SIP can be modified through this module, the offline SIP cannot be modified through this module. | If an SIP installment is due within 10 days from the date of cancellation, that installment will be processed and your bank account will be debited for that SIP installment, units will be alloted subject to fund realization and utilization. | If an SIP installment is due within 21 days from the date of pause, that installment will be processed and your bank account will be debited for that SIP installment, units will be alloted subject to fund realization and utilization. |
| The online SIP (ISIP) modification request needs to be submitted 21 days prior to the next SIP date opted by you online. | ||
| Modification can be done for the SIP Amount, the Start and End dates and the SIP frequency. | ||
| In case the modification request received involves change in the SIP amount and if the SIP installment is due within 21 days from the date of modification request received, the said installment will be processed for the amount provided previously before the modification |
The applicable exit load will be charged at the time of redemption/switch out/STP/SWP irrespective of the amount invested. In case of SIP, we follow FIFO (First In First Out) method to calculate the exit load. If you start 1 year SIP on 5th July 2011 in Quantum Long Term Equity Value Fund then the exit load for that month’s investment will be applicable up to 5th July 2013. The exit load for your last installment on 5th June 2012 will be NIL after 5th June 2014.
Please find below the exit load structure of each scheme;
• Quantum Long Term Equity Value 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 ELSS Tax Saver 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 of Funds: 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
• Quantum ESG Best In Class Strategy Fund: Please click here to view the load structure of the scheme
• Quantum Nifty 50 ETF Fund of Fund: Please click here to view the load structure of the scheme
• Quantum Small Cap Fund: Please click here to view the load structure of the scheme
• Quantum Multi Asset Allocation Fund: Please click here to view the load structure of the scheme
• Quantum Ethical Fund: Please click here to view the load structure of the scheme
