Quantum MF says no redemption pressure in its equity funds

Dec 07 2012, 20:52 IST
Comments 0
SummaryQuantum Mutual Fund has said it is not seeing any redemption pressure.

Quantum Mutual Fund has said it is not seeing any redemption pressure in its equity schemes notwithstanding an industry trend indicating exit of many investors from the stock funds space.

"We are not facing redemption pressure in our equity portfolios as all our products are sold directly without intermediaries," Quantum's chief executive Jimmy A Patel told PTI here.

He also said the company is witnessing steady flow f investors in recent months. The fund house currently has asset under management of Rs 215.86 crore as of September.

The fund industry has so far this year lost over three million equity folios which is far higher than the shrinkage of equity investors' base in the previous year.

"As investors buy our plan directly without the involvement of intermediaries, they do have a long-term approach towards their investment. That's the reason that we have not seen any redemption pressure," Patel said.

Referring to implementation of direct plan from January next year, Patel said retail investors would benefit from the direct plan schemes as the expense ratio would be lesser.

Ads by Google

More from Personal Finance

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...