Quantum Tax Saving Fund

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Quantum Tax Saving Fund December 2020 Private
and Confidential
Panel Discussion on Asset Classes of Equity, Debt
Gold Speakers Sorbh Gupta Fund Manager,
Equity Chirag Mehta Sr. Fund Manager,
Alternative Investments December 17, 2020
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TABLE OF CONTENTS

• About us
• About Quantum Mutual Fund
• Our Research Investment Process
• Benefits Features of QTSF
• Performance of the Fund

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ABOUT US
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Group Update The Past 25 Years

• Set the foundation for building an India-focused
  investment management institution across the 4
  major asset classes equity, fixed income, real
  estate, infrastructure Steady growth in assets,
  disciplined approach attracting clients
• Need for multiple asset classes to reduce the
  business risk of being dependent on any ONE
  product
• India is not mainstream - huge volatility
  in valuations and client interest
• 1990 to 2004 investment processes refined by
  affiliation with international groups
• 2004 to 2008 invested in people
• 2004 to 2008 incubated teams to diversify
  business risk
• 2008 to 2009 invested in world-class systems
• 2010 onwards maintaining our focus and
  discipline succession planning

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Our Journey so Far
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About our Sponsor Quantum Advisors Pvt. Ltd.

• Currently managing an AUM of USD 2.64 Billion
  (INR 19,290 crore) as December 31, 2020
• Manages Indian equity investments for some of the
  largest institutions in the world, including
  Sovereign Wealth Funds, pension funds,
  endowments, and foundations
• Currently registered as a Portfolio Manager with
  SEBI and other international regulators
• Quantum Advisors is 50.8 owned by Mr. Dayal and
  the Management Team and 49.2 owned by HWIC Asia.
  HWIC Asia is ultimately promoted and wholly owned
  by Fairfax Financial Holdings Limited (FFHL).
  FFHL is listed on the Toronto Stock Exchange and
  is led by Mr Prem Watsa, known as the Warren
  Buffet of Canada

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ABOUT QUANTUM MUTUAL FUND
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About Quantum Mutual Fund

• Quantum Mutual fund was established in 2006 with
  the launch of the Quantum Long Term Equity Value
  Fund
• Quantum Mutual Fund was the 29th, but Indias 1st
  Fund house that started with a focus on a Low
  Cost Approach for investors
• Simple range of funds No confusion for investors
  
• Disciplined Research and Investment Process
  Team-driven, no star fund managers
• Staying the course, no short cuts Asset
  Managers, not Asset Gatherers
• Quantum MF AUM Rs.1,850 Cr. as on 31st
  December 2020
• Number of Folios 71,099 as on 31st December 2020

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Company Structure
Quantum Advisors, India (QAS), provides
investment advisory services and manages
portfolios of FIIs and Indian clients. Registered
as Portfolio Manager with SEBI since 1997. It is
led by Mr. I. V. Subramaniam (Subbu), who is the
MD, CEO CIO of the company. Subbu joined
Quantum in 1996 and has over 25 years of
experience in the investment management and
financial services industry. Since June 2000,
Subbu has managed India-dedicated portfolios for
Indian clients and since 2005, he has managed
India-dedicated portfolios for international
clients. Subbu received his Bachelors degree in
commerce from Osmania University in 1983 and his
Law degree from Osmania University in 1986. He is
a CFA Charterholder. Subbu was born in 1962.
100 subsidiary of QAS
Quantum Asset Management, India (QAMC) SEBI
Registered Asset Management Company and
Investment manager for Quantum Mutual Fund. It is
led by Mr. Jimmy Patel, who is the MD CEO of
the company. Jimmy Patel joined Quantum in 2010
and has over 3 decades of experience in the
financial services sector, and has held various
key management roles. Along with holding a
Chartered Accountants degree, Mr. Patel has also
completed his L.L.B. from the University of
Mumbai. Mr. Patel is a Fellow of the Chevening
Standard Chartered Financial Services Leadership
Programme at Kings College, London. He has been a
Director on Association of Mutual Funds In India
(AMFI) Board and also has been a member of
various AMFI and SEBI Committees. Jimmy was born
in 1967.
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Always Putting Investors First, Even Above our
Growth in AUM
Quantum Mutual Fund SEBI Imposes Rule on MF Industry
Refused to follow the opaque Entry Load Model Mar 2006 Jun 2009
Pioneered Direct to Investor, despite Slow Internet Speed and No Smart Phones Mar 2006 Jan 2013
One Scheme / product per asset class Mar 2006 Oct 2017
Exit Load swept into funds for the benefit of Unit Holders Mar 2006 Nov 2012
No Discrimination against Retail Investors Mar 2006 Sep 2012
Introduced the practice of following Total Return Index (TRI) as benchmark for Equity Fund Mar 2006 Jan 2018
Majority of Independent Directors on AMC Board Mar 2006 ?
Path to Profit (Investor Education Awareness Program) Aug 2009 Sep 2012
100 Independent Board of Trustees Oct 2010 ?
Mark to Market valuation in Liquid Fund, irrespective of the maturity Jul 2012 April 2020
ZERO Upfront Distributor Commission and uniform trail commission across all partners on Regular Plan Apr 2017 Sep 2018
TER based on AUM Slabs Feb 2017 April 2019
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Profile of Management Team - QAMC
Malay Vora Head Legal Compliance (2008)
Jimmy Patel MD CEO (2010)
Jimmy Patel has over 3 decades of experience in
the financial services sector, and has held
various key management roles. Along with holding
a Chartered Accountants degree, Mr. Patel has
also completed his L.L.B. from the University of
Mumbai. Mr. Patel is a Fellow of the Chevening
Standard Chartered Financial Services Leadership
Programme at Kings College, London. He has been a
Director on Association of Mutual Funds In India
(AMFI) Board and also has been a member of
various AMFI and SEBI Committees. Jimmy was born
in 1962.
Malay Vora has more than 15 years of experience
in Legal, Compliance and Corporate Secretarial
matters in the financial service industry. He is
a Commerce and Law Graduate and an Associate
Member of Institute of Company Secretaries in
India. Malay is the Head of Legal Compliance
and the Compliance Officer for Quantum AMC. He
has been associated with Quantum since 2008. He
is a SEBI Committee member and has represented
Quantum at an AMFI committee in the past. Malay
was born in 1977.
Sandeep Bhosle AVP Investor Interaction (2011)
Rina Nathani Chief Business Officer (2020)
Rina has over 20 years of experience in building
businesses, advising companies and leading teams
to successful outcomes. Prior to joining Quantum
AMC, Rina was a Director in KPMGs Advisory
Practice in the US and  Head Retail Businesses
at Suminter India Organics, India. She has done
Masters in Management Studies from Jamnalal Bajaj
institute of Management Studies (JBIMS). Rina was
born in 1974.
Sandeep Bhosle has more than 18 years of
experience in Financial Services and Market
Research. He a Post Graduate in Marketing
Management. He has Completed Medium and Small
Scale Industries Management Development Program
from NMIMS. Prior to Quantum AMC, he has been
with ICICI Prudential and Birla Sunlife Insurance
and has been instrumental in developing Rural
Markets and New Initiatives, Process Quality,
Loyalty Programs, RR Initiatives.
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Rajendra Gadiyar Head Operations (2011)
Rajendra brings with him more than 2 decades of
experience in Operations and Fund Accounting in
Mutual Funds and Insurance. Prior to joining
Quantum, he was associated with various companies
across Insurance, Asset Management and Investment
Management sectors. Rajendra was born in 1968.
Meera Shetty Head Investor Services (2006)
Meera Shetty has almost two decades of experience
in Investor Servicing. Before joining Quantum,
she was associated with Edelweiss AMC, Principal
AMC and UTI-TSL. She holds a degree in Commerce
and is an MBA with dual specialization in Finance
and Marketing. Meera was born in 1969.
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Portfolio Team Equity
Sorbh Gupta (2011)
Sneha Joshi (2015)
Qualified as a Chartered Accountant, CFA Level
III (Charter Pending), Sorbh Gupta is the Fund
Manager for Quantum Long Term Equity Value Fund
Quantum Tax Saving Fund. With more than 15 years
of experience in equity research as well as
managing funds Sorbh brings with him a wealth of
experience of having tracked varied sectors in
his previous work assignments. Prior to joining
Quantum, Sorbh was associated with Siddhesh
Capital Private Ltd. Sorbh was born in 1980.
With over 7 years of experience in economic,
credit and quantitative research. Sneha holds a
Ph.D. in Economics and has earned an M.A. in
Economics from Gokhale Institute of Politics and
Economics. She joined Quantum AMC in August,
2015. Prior to joining Quantum, she was
associated with Credit Capital Research as a
fixed income research analyst. Sneha was born in
1988.
Nilesh Shetty (2009)
Hitendra Parekh (2004)
Nilesh has more than 16 years of experience in
research. He has been a part of Quantum Asset
Management Company since 2009, and at present is
the Fund Manager for Quantum Long Term Equity
Value Fund and Quantum Multi Asset Fund. Nilesh
is a qualified CFA (Chartered Financial Analyst),
ACMA (CIMA, UK) and has completed his Masters in
Management Studies (Finance) from the Mumbai
University. Nilesh was born in 1980.
Has close to 3 decades of experience in financial
services industry. Prior to working with Quantum,
he has been with the Unit Trust of India for 4
years and UTI Securities Ltd for 9 years. He has
completed his B.Com Masters in Financial
Management from Mumbai University. Hitendra was
born in 1968.
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Portfolio Team Non Equity
Pankaj Pathak (2013) Fixed Income
has over a decade of experience in Fixed income
investments and research. He joined Quantum Asset
Management Company in August, 2013 and at
present, is Fund Manager for Quantum Dynamic Bond
Fund and Quantum Liquid Fund. Prior to joining
Quantum, he was associated with Bank of
Maharashtra. Pankaj holds a Post Graduate Diploma
in Banking Finance from National Institute of
Bank Management, Pune and is qualified CFA
(Chartered Financial Analyst). Pankaj was born in
1986.
Chirag Mehta (2006) Gold/Commodities
has 18 years of experience in the Indian
commodities markets. He also specializes in the
field of alternative investment strategies.
Chirag is a qualified CAIA (Chartered Alternative
Investment Analyst), and has also completed his
Masters in Management Studies in Finance. He
currently manages funds largely in the field of
alternative investments that includes Gold Fund,
a Multi asset fund and an Equity fund of funds
and is also a Fund Manager of Quantum India ESG
Equity Fund. He joined the Quantum after gaining
hands on experience in the physical commodities
market during internship with Kotak Co. Ltd and
working on projects for the Federation of Indian
Commodities Exchanges. Chirag was born in 1981.
Ghazal Jain (2020) Gold/Commodities
has overall 4 years of experience in the field of
finance and alternative investments including of
Gold, Asset Allocation and Personal Finance
investment allocation. She has been with Quantum
Asset Management Company since January, 2019.
Prior to joining Quantum, she was associated with
Fox Education LLP and Bahubali Electronics
Private Limited.
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Criteria to Select a Good Fund House
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OUR RESEARCH INVESTMENT PROCESS
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Value Investing Quantum Mutual Fund

• We follow the Value investing strategy that
  involves buying companies at discounts to their
  long-term intrinsic value
• We focus on the long term potential of the
  business
• We normalize our assumptions - we do not value
  the companies on the basis of peak or trough
  margins
• While valuing the company, we would generally
  give a 40 discount to its intrinsic value to set
  our buy limits
• Typical characteristics of the portfolio
  following Value Investing strategy
• Low price to earnings ratio
• Low price to book ratio
• Low price to sales multiple
• Low price to cash flow
• High dividend yield

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Our investment criteria - Value

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04
SELL
BUY
02
ANALYZE
01
EVALUATE

• The business of the company
• The environment in which it operates
• The management, and their long-term goals
• Can the financials support the long-term goals?

• The stock price of the company based on
  fundamentals relative to its peer group, its
  history, and the market
• PER, PCF, P/BV, Div Yld, EV/EBITDA

• Current price is generally 40 lower than our
  estimate of long-term value (in case of first
  time buy)

• Current price is gt our estimate of long-term
  value
• Better Investment Alternatives
• Changed view of management, Changed view of
  business

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Quantums Bottom-Up Stock Selection Process
Clients get best of bottom-up ideas with a risk
control measurement for each sector Generally, lt
20 of the stocks we cover meet our Buy criteria
25 to 40 stocks
PORTFOLIO
Portfolio of stocks with broad exposure to
various sectors. Approved by the portfolio
team Reflects three broad themes domestic
consumption, exports and infrastructure
201 stocks
VALUE AND INTEGRITY SCREENING
Analysts study stocks in their sector (India)
with global comparison, travel worldwide, prepare
detailed projections. Regular research meetings
to review ideas and approve stocks for the
database. Consensus required. All stocks are
reviewed time to time generally within 180
days. We must trust the managements/founders
ADDRESSABLE UNIVERSE
Number of companies trading over US 1 million/day
Number of stocks mentioned are as per current
average trading volume value criteria. The number
of Stock in trading volume criteria, and in
portfolio will be changed from time to time based
on Investment Strategy of the scheme.
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Portfolio Construction
Stock under active coverage? Volume INR 6.98 Crs
per day
No
To research team
YES
Part of SP BSE-30 Index?
No effect on decision
No
Below Buy limit?
Wait
YES
What sector?

• Weights assigned to a stock
• are a function of
• Reliability of management
• Quality of earnings
• Stability of earnings
• Upside Potential
• Alternatives/Cash

Indifferent guided by Research
Investment Rules
Minimum wt 2 at cost Maximum wt 6 at
cost Maximum wt 10 at market value
Our portfolio turnover is typically 20,
suggesting a 5 year holding period. Please refer
Scheme Information Document of the Scheme for
complete Investment Strategy
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A Tale Of Two Stocks Since 1991
(2) Illiquid stocks give managers the fees
investors get nothing
(1) We buy liquid shares of good businesses
Source Bloomberg Finance L.P., As of December
31, 2020
Disclaimer The stocks discussed herein are for
information purpose only. This is not a
recommendation to buy or sell any security.
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Benefits Features of QTSF
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Quantum Tax Saving Fund
Benefits of Investing in QTSF

• Quantum Tax Saving Fund Invests in Quality Midcap
  Large Cap companies with a minimum stock
  liquidity filter creates a portfolio for long
  term capital appreciation. Portfolio is similar
  to QLTEVF.
• The fund has a three year lock-in which is one of
  the lowest amongst other tax saving instruments.
• A three year lock-in ensures an enforced
  discipline amongst the investor. Equity is an
  investment class only in the long term in the
  near term its speculative.
• Being an ELSS scheme it comes with an advantage
  of building wealth and saving taxes.
• Well suited for long term goals such as children
  education retirement planning

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Performance of the Fund
Fund Manager
Mr. Sorbh Gupta Work experience 15 years. He has
been managing this fund Since October 1, 2016.
Category of Scheme
Equity Linked Saving Scheme.
QTSF optimizes tax saving under Section 80C. QTSF
minimizes risk by pursuing bottom-up stock
selection. QTSF has a lower portfolio
turnover. QTSF holds cash when stocks are
overvalued - no derivatives and no hedging. QTSF
follows a value investment strategy.
Features
Useful for
Long term capital appreciation.
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Performance Across the Market Cycles - (Dec 2008
Dec 2020)
Performance Across the Market Cycles - (Dec 2008
Dec 2020)
Past performance may or may not be sustained in
future. This graph should be reviewed in
conjunction with detailed performance of the
scheme provided on slide number 27 Data is
provided as on Dec 31, 2020. Source Bloomberg
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Performance of Quantum Tax Saving Fund Direct
Plan Growth Option The Scheme is Managed by Mr.
Sorbh Gupta since October 1, 2016.
Period   Current Value of 10,000 Invested at the beginning of a given period Current Value of 10,000 Invested at the beginning of a given period Current Value of 10,000 Invested at the beginning of a given period
Period   Benchmark Additional Benchmark Benchmark Additional Benchmark
Period   Scheme Returns () SP BSE 200 TRI () SP BSE Sensex TRI () Scheme (Rs) SP BSE 200 TRI (Rs) SP BSE Sensex TRI (Rs)
1 year 13.57 17.87 17.11 11,361 11,792 11,716
3 years 4.15 9.45 13.22 11,301 13,122 14,530
5 years 9.23 13.27 14.25 15,560 18,661 19,479
7 years 12.15 14.36 13.80 22,323 25,603 24,741
10 years 9.70 10.34 10.34 25,252 26,780 26,768
Since Inception (23rd Dec 2008) 16.13 16.13 15.77 60,450 60,479 58,220
Past performance may or may not be sustained in
the future. Data as 31st December 2020 Load is
not taken into consideration in scheme returns
calculation. Returns are calculated on the basis
of Compounded Annualized Growth Rate (CAGR).
with effect from February 01, 2020 benchmark
has been changed from SP Sensex TRI to SP BSE
200 TRI Mr. Sorbh Gupta manages 2 schemes of
Quantum Mutual Fund. For performance of other
Schemes Managed by Mr. Sorbh Gupta please see
slide number 29..
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Performance of Quantum Tax Saving Fund Direct
Plan Growth Option The Scheme is Managed by Mr.
Sorbh Gupta since October 1, 2016.
Period   Current Value of 10,000 Invested at the beginning of a given period Current Value of 10,000 Invested at the beginning of a given period Current Value of 10,000 Invested at the beginning of a given period
Period   Benchmark Additional Benchmark Benchmark Additional Benchmark
Period   Scheme Returns () SP BSE 200 TRI () SP BSE Sensex TRI () Scheme (Rs) SP BSE 200 TRI (Rs) SP BSE Sensex TRI (Rs)
1 year 12.99 17.87 17.11 11,303 11,792 11,716
3 years 3.75 9.45 13.22 11,172 13,122 14,530
Since Inception (01st April 2017) 5.97 12.43 14.96 12,433 15,527 16,884
Past performance may or may not be sustained in
the future. Data as 31st December 2020 Load is
not taken into consideration in scheme returns
calculation. Different Plans shall have
different expense structure. Returns are
calculated on the basis of Compounded Annualized
Growth Rate (CAGR). with effect from February
01, 2020 benchmark has been changed from SP
Sensex TRI to SP BSE 200 TRI. Regular plan
launched on 1 April 2017 but not yet completed 5
years period since its launch. Mr. Sorbh Gupta
manages 2 schemes of Quantum Mutual Fund. For
performance of other Schemes Managed by Mr. Sorbh
Gupta please see slide number 29.
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Other Schemes managed by Sorbh Gupta
Quantum Long Term Equity Value Fund Mr. Sorbh
Gupta effective from December 1, 2020.Co-managing
with Mr. Nilesh Shetty effective from March 28,
2011
Period 1 year 1 year 3 years 3 years 5 years 5 years
  Scheme Returns () Benchmark Returns () Scheme Returns () Benchmark Returns () Scheme Returns () Benchmark Returns ()
Quantum Long Term Equity Value FundDirect Plan (Gr) 13.18 17.87 4.11 9.45 9.06 13.27
Quantum Long Term Equity Value FundRegular Plan (Gr) 12.62 17.87 3.73 9.45 NA NA
Past performance may or may not be sustained in
the future. Load is not taken into consideration
in Scheme Return Calculation. Data as of 31st
December ,2020 BSE 200 TRI. Returns are net of
total expenses and are calculated on the basis of
Compounded Annualized Growth Rate (CAGR).
Different Plans shall have different expense
structure. Mr. Sorbh Gupta Mr. Nilesh Shetty
manages 2 schemes of Quantum Mutual Fund. Regular
plan launched on 1st April 2017 but not yet
completed 5 years period since its launch.
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Product Label
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For additional information, please contact
Sandeep Bhosle AVP- Customer Interaction Email
SandeepB_at_QuantumAMC.com Mobile 91-
98209-43101 Office 91-22-6144-7804 Fax 91-22-2
285-4318 Website www.QuantumAMC.com
Quantum Asset Management Company Private
Limited Hoechst House, 7th Floor, Nariman
Point Mumbai-400021, India
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Disclaimer Terms of Use
The data in this presentation are meant for
general reading purpose only and are not meant to
serve as a professional guide/investment advice
for the readers. This presentation has been
prepared on the basis of publicly available
information, internally developed data and other
sources believed to be reliable. Whilst no action
has been suggested or offered based upon the
information provided herein, due care has been
taken to endeavor that the facts are accurate and
reasonable as on date. Quantum AMC shall make
modifications and alterations to the performance
and related data from time to time as may be
required as per SEBI Mutual Fund Regulations.
Readers are advised to seek independent
professional advice and arrive at an informed
investment decision before making any investment.
None of the Sponsors, the Investment Manager, the
Trustee, their respective Directors, Employees,
Affiliates or Representatives shall be liable for
any direct, indirect, special, incidental,
consequential, punitive or exemplary damages,
including lost profits arising in any way from
the data/information/opinions contained in this
presentation. The Quantum AMC shall make
modifications and alterations to the performance
and related data from time to time as may be
required. Please visit www.QuantumMF.com to
read scheme specific risk factors. Investors in
the Scheme are not being offered a guaranteed or
assured rate of return and there can be no
assurance that the schemes objective will be
achieved and the NAV of the scheme may go up and
down depending upon the factors and forces
affecting securities market. Investment in mutual
fund units involves investment risk such as
trading volumes, settlement risk, liquidity risk,
default risk including possible loss of capital.
Past performance of the sponsor / AMC / Mutual
Fund does not indicate the future performance of
the Scheme. Statutory Details Quantum Mutual
Fund (the Fund) has been constituted as a Trust
under the Indian Trusts Act, 1882. Sponsor
Quantum Advisors Private Limited. (liability of
Sponsor limited to Rs. 1,00,000/-). Trustee
Quantum Trustee Company Private Limited.
Investment Manager Quantum Asset Management
Company Private Limited. The Sponsor, Trustee and
Investment Manager are incorporated under the
Companies Act, 1956. 15th January 2021 Mutual
fund investments are subject to market risks,
read all scheme related documents carefully.
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