Quantum Mutual Fund expands reach to 212 locations through Karvy Service Centres

Mumbai - December 8, 2009: Quantum Mutual Fund, India's 1st direct to investor mutual fund today announced the expansion of its service centre network. The fund house has increased its reach to 212 Karvy centres across the country.

As a result of this initiative, investors located across the country will be able to avail of information regarding Quantum Mutual Fund's products and submit their applications at these 212 service centres. These centres cover all major cities and Tier II towns.

Commenting on this initiative, Ajit Dayal, Chairman and President, Quantum Asset Management Company said, "Quantum Mutual Fund started out as the country's 1st direct to investor mutual fund. Since inception, we have always worked for the benefit of our investors and have consciously kept away from opaque distributor channels that charged undisclosed commissions. As one of the smallest mutual fund houses, we have largely marketed our products through the cost-effective internet medium. While the internet will remain our key distribution channel, we recognise that some investors may feel more comfortable with a physical interface. To us, being accessible at 212 Karvy centres, is a step towards ensuring our investors' convenience - and that is of paramount importance to us."

Quantum Mutual Fund offers investors 6 simple schemes covering the 3 broad asset classes of stocks, fixed income, and gold. These products are: Quantum Long Term Equity Fund, Quantum Tax Saver Fund, Quantum Index ETF, Quantum Equity Fund of Funds, Quantum Liquid Fund and the Quantum Gold ETF.

Quantum Mutual Fund is presently in talks with the National Stock Exchange (NSE) to explore the possibilities of listing its funds on the newly launched Mutual Fund Service System (MFSS).

Source : Equity Bulls

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