INDEX QUANTUM VIEW 03 QUANTUM LONG TERM EQUITY VALUE FUND - QLTEVF 06 QUANTUM TAX SAVING FUND - QTSF 10 QUANTUM EQUITY FUND OF FUNDS - QEFOF 14

INDEX CONTENTS PAGE NO. QUANTUM VIEW 03 QUANTUM LONG TERM EQUITY VALUE FUND - QLTEVF 06 QUANTUM TAX SAVING FUND - QTSF 10 QUANTUM EQUITY FUND OF FUNDS - QEFOF 14 QUANTUM DYNAMIC BOND FUND - QDBF 18 QUANTUM LIQUID FUND - QLF 22 QUANTUM GOLD SAVINGS FUND - QGSF 26 QUANTUM MULTI ASSET FUND - QMAF 30 QUANTUM GOLD FUND - QGF 33 QUANTUM NIFTY ETF - QNIFTY 36 SCHEME PERFORMANCE - FUND MANAGER WISE 39 HOW TO READ THE FACTSHEET 42 STATUTORY DETAILS & RISK FACTORS 43 CONTACT US 43

QUANTUM VIEW FOR Equity Outlook Atul Kumar- Head - Equity Funds turned out to be a month where equity investors earned negative returns. Sensex fell 4.82% during the month (total return basis). The decline followed previous month, the index had fallen 6.21% in September. For the 10 months of 2018 calendar, Sensex has given meagre returns of 2.26%. Mid cap and small cap stocks were able to arrest decline better during the month. Mid cap index fell 1% while Small cap index had 1.58% negative returns. On year to date basis, the decline has been much sharper at 17.29% and 25.6% respectively for Mid cap and Small cap respectively. Among sectors, the biggest losers were oil & gas, auto and IT. Oil & gas stocks came under pressure as crude prices rose and government asked oil marketing companies to bear a part of the burden by selling at lower prices to consumers. There were also fears that they may have to absorb higher subsidies than previously thought. Capital goods, power and banking were sectors that did well during the month, all in positive territory. Market Performance at a Glance Market %* SENSEX ** -4.82% MIDCAP ** -1.00% SMALL CAP ** -1.58% BEST PERFORMER SECTORS Capital goods, power and banking LAGGARD SECTORS Oil & gas, auto and IT * On Total Return Basis ** Source-Bloomberg FIIs were heavy sellers in Indian equity. October witnessed FIIs dumping stocks to the extent of USD 3.75 billion. On year to date basis, FIIs have been net sellers of USD 5.76 billion equities. However, domestic institutions have filled in the shoes for FIIs. DIIs were buyers of USD 3.5 billion in stocks. Insurers contributed USD 558 million, balance coming from mutual funds. Cumulatively, DIIs have invested USD 15.7 billion in Indian equities this year. Indian Rupee depreciated 2% against the U.S. dollar touching 74 mark. The U.S. economy looks on strong footing currently. Better wage growth and lesser employment are leading to tighter monetary policy in an economy which is growing strongly. U.S. has increased interest rates thrice in 2018 and may take another hike in balance of 2018. Europe is also looking to reduce its asset purchases and rise in interest rates could be around the corner. Other developed countries such as U.K. have also been raising interest rates. As the cost of money increases, which is set by central banks (especially in U.S.), there could be a fall in equity valuation. This is particularly relevant for emerging markets such as India. There was a flood of money coming in when interest rates were closer to zero and investors looked for arbitrage opportunity. Now with better rates in home market, that money could head out through the door. There has been higher geo-political uncertainty in recent terms. With sanctions on Iran imposed by U.S. starting early November, crude oil prices could flare up. Already October saw higher oil prices, which has important bearing on India s external balances. Recent killing of a reporter critical of the Saudi kingdom could also have implications on oil trade and prices. The progress of Brexit is also ambiguous which has global ramifications. Indian financial markets remained on tenterhooks, continuing from problems of previous month. IL&FS default in September was followed by liquidity concerns of Non-banking financial companies (NBFCs) which were running asset-liability mismatch. With news of banks buying portfolio of NBFCs, and many able to roll over their short term paper (borrowing) nervousness of market participants eased. Many other measures have been taken including easing of system liquidity, which can put the sector back on track. A number of companies declared their half yearly results. One broad trend has been that growth in topline has been healthy. However, rising cost of materials including crude have eaten into profitability. Month also saw a spat between Government and RBI on a number of issues such as regulation. Rumour mills were on overdrive, before Government clarified that RBI autonomy won t be interfered with. There has been a good correction in stock prices and the same has been continuing. Many stocks which looked highly valued now seem to come within reach. As desired, we were able to add few good quality stocks using the recent opportunity. Over the long term, we remain optimistic on Indian equities. India is likely to grow faster than many nations. Investors can expect decent return from equities over a long period in future. Investors should take advantage of recent fall in stock markets and put more money. Equities now appear less risky than they were earlier. Data Source: Bloomberg 3

Debt Outlook Pankaj Pathak - Fund Manager - Fixed Income October was a positive month for the Indian government bonds despite the continuing negative sentiment and news from the equity and credit markets. The RBI had kept policy rates unchanged at the start of the month ignoring the popular clamor for rate hike to arrest rupee depreciation. The data releases surprised positively with CPI inflation and trade deficit coming below the market expectations. Global Crude oil prices has also corrected by more than 10% from the recent peak. CPI grew by only 3.77% in September 2018 over last year against market estimate of an increase of more than 4%. Broadly, inflation trajectory in the last six months has been around 40 bps lower than our earlier estimates. This was mainly because the seasonal uptick in vegetable prices did not materialize and price of pulses (lentils) continued it s more than 1 year long drop. We expect Inflation to soften further in the next two months but rebound sharply by early 2019 to move above the 5.0% mark. All the indictors are suggesting that we are closer to the bottom in terms of rural incomes and agricultural prices and recent steps by government (construction activity, MSP hike etc.) have potential to raise the rural economy and prices very soon. Liquidity conditions tightened substantially in October as cash withdrawals from banks pick up ahead of the festive season. Additionally, the RBI intervened heavily in the forex market to contain rupee depreciation post its rate pause which also added to the liquidity deficit (The RBI sold U.S. Dollars to banks and bought Indian rupees thus resulting in lower rupee liquidity with banking system). The RBI s foreign exchange reserves fell by more than USD 6 billion in the month. To address the liquidity situation, the RBI conducted longer tenure term repos and OMO (open market operation) purchase of government securities. In October, the RBI conducted OMOs worth INR 360 billion which took the total OMO in current fiscal to INR 867 billion. The RBI has announced another INR 400 billion of OMO purchases in the month of November. On such backdrop, bond yields softened across the curve. The 10 year government bond yield fell by over 40 bps from its peak and currently trading near 7.8%. The yield softening was more prominent in the short end of the curve as 3-5 year rates fell by more than 55 bps from its peak. We expect the RBI will conduct more OMOs in the coming months which may continue to support the government bonds in near term. However, given the upside risks to inflation and rising global yields, we do not see bond yields falling substantially from here. With this view we have used this rally to reduce the maturity profile in Quantum Dynamic Bond Fund portfolio and maintain a cautious stance on long term bonds. Although government bonds were supported by positive macro cues and favorable demand supply dynamics; corporates bonds remained under pressure. In the aftermath of IL&FS default, liquidity in corporate bonds especially of NBFCs (Non-banking Finance Companies) dried up on fears of contagion. Many of these NBFCs have large asset liability mismatches as they funded long maturity assets with short term borrowings. This also prompted investors to review the liquidity position of housing finance companies and other lenders to long term projects. The RBI continued to infuse liquidity in the banking system through longer tenor term repos and OMO (open market operation) purchase of government securities, but failed to revive the investor sentiment. A large chunk of NBFC commercial papers are due for maturity in the next two months; in absence of any major intervention by the Government/RBI refinancing could be challenging for few of them. As we have mentioned in our earlier commentaries, the current issue in NBFCs is not one of liquidity but it is an issue of sentiment. With the market worrying about large defaults by real estate developers, refinancing of NBFCs with higher share of developer loans will remain impacted. Although, the RBI is infusing liquidity in the banking system, but the transmission through NBFCs and developers remains challenged and there are genuine worries about this turning into a systemic crisis. In such a scenario, we would advise debt investors to stay away from credit risk and invest only in debt funds which prioritizes safety and high liquidity and manages money with prudence by being true to the investment objective of the fund. Quantum Liquid Fund prioritizes safety and liquidity over returns and is invested only in less than 91 day maturity instruments issued by Government and selective PSUs only. Quantum Dynamic Bond Fund, takes higher interest risks, but does not take any credit risks and is invested only in Government Securities, treasury bills and AAA Rated PSU bonds. We always advise investors to have a longer time frame if they invest in bond funds. Data Source: Bloomberg, RBI For Product Label See Page No. 21, 25 4

Gold Outlook Chirag Mehta - Senior Fund Manager - Alternative Investments World View Gold breaks out of a losing streak. After six straight months of losses, gold posted a gain of +1.9% for the month. Equities slumped and trade-war concerns festered, hurting the outlook for growth. Italian budget disputes and simmering tensions in the Middle East further aided buying of gold. Early signs of risk aversion along with some short covering from speculators led to the jump in gold prices. However, no further escalation in risk aversion for now and renewed strength in the U.S. dollar capped the upside in gold. For the month, gold prices closed at $1,214.7, taking the year to date tally to -6.8%. U.S. stocks fell by the most since June as the effects of the trade war with China started showing up in corporate profits. European equities slid and investors remain on edge amid Italy s budget crisis. On the back of the worst U.S. stock sell-off since February, President Donald Trump slammed the Federal Reserve as crazy for rate rises this year. To be fair, the Fed has been gradual and the selloff is more to do with growth concerns. International Monetary Fund cut its outlook for global economic growth, its first downgrade since July 2016. IMF said that the world economy is plateauing amid escalating trade tensions and stresses in emerging markets. The U.S. has a greater than 50-50 chance of tipping into a recession in the next two years, according to a model tracked by JPMorgan Chase & Co. The spike in market worries on the possibility of a recession has been the primary reason behind a rebound in gold investment demand. Slower-than-expected U.S. inflation data also aided buying of gold on bets that a cooling cost of living may spur the Federal Reserve to pull back on its pace of interest-rate hikes. While we talk about slowing growth, some indications of it were buried under the positive headline U.S GDP number at an annualised 3.5% QoQ and 3.0% YoY growth. The number was inflated due to rise in inventories. But of major concern was the dwindling business investment. Real private non-residential fixed investment rose by only 0.8% QoQ in 3Q18 and was up 6.4% YoY, down from 8.7% QoQ and 7.1% YoY in 2Q18. Outlook The upcoming meeting between the leaders of both the United States and China in November will be critically important and will determine whether we will see the economic growth momentum continue, or a trade war which threatens to derail economic growth in China and the United States. If the two leaders are unable to move the needle closer as an acceptable and amicable conclusion of the current trade war, the repercussions would be felt globally. We have already seen early signs of market reactions to trade escalations. The market s other concern of late has been the 6th November US election, in which a wave of voter resentment towards President Trump led to massive Democrat gains in the House, though it stopped short of a Democrat win in the Senate. All told the results were more or less in line with expert forecasts, but Trump s nudging out his Attorney General in the immediate aftermath of the election has riled up the Democrats even more for what looks to be an incredibly contentious two-year period leading up to the next Presidential election. Legislative gridlock looks to rule the day. The scheduled end of quantitative easing in the Eurozone is an important development from a global perspective since it means that G7 central banks aggregate balance sheet contraction is likely to accelerate in 2019. Markets will definitely feel the pinch of lower liquidity amidst rising interest rates. If markets falter on account of these tightening measures, the ensuing risk aversion could bring some buying back to gold. The world continues to remain in state of great disequilibrium, both with respect to the global economy and geopolitics as well. Given the macroeconomic picture, gold will be a useful portfolio diversification tool and thereby helping you to reduce overall portfolio risk. Data Source: Bloomberg, World Gold Council Disclaimer: The views expressed above are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communicating any indicative yield on investments made in the scheme(s). The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The article 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 solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of this article should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Mutual fund investments are subject to market risks read all scheme related documents carefully 5

QUANTUM LONG TERM EQUITY VALUE FUND An Open Ended Equity following a Value Investment Strategy Investment Objective : The investment objective of the is to achieve long-term capital appreciation by investing primarily in shares of companies that will typically be included in the 200 Index and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets. Features ` Fund Manager & Associate Fund Manager Mr. Atul Kumar Work experience: 15 years. He has been managing this fund Since November 15, 2006 Mr. Nilesh Shetty Work experience: 14 years. He has been managing this fund Since March 28, 2011 Category of Value Fund Inception Date (Date of Allotment) March 13, 2006 Declaration of Net Asset Value (NAV) Every Business Day Entry / Sales Load Not Applicable Total Expense Ratio (As on month end) Regular Plan - 1.46% - (1.24% Management Fees + 0.22% GST (18% GST on 1.24% Management Fees) Direct Plan - 1.29% - (1.09% Management Fees + 0.20% GST (18% GST on 1.09% Management Fees) Benchmark Index Sensex Total Return Index Minimum Application Amount (Under each Option) Purchase: ` 500/- and in multiples of ` 1/- thereafter. Additional Purchase: ` 500/- and in multiples of ` 1/- thereafter/ 50 units Investment Options Growth & Dividend (Dividend Option will in turn have two Facilities, Dividend Payout Facility and Dividend Re-investment Facility) Redemption Proceeds Processed through RTGS/NEFT mode on T+3 basis from the date of transaction where the investor s Bank details are available. Processed through cheque on T+3 basis from the date of transaction where the required Bank details of investor are not available. Exit Load Repurchase/ Redemption/Switch Out - On or before 180 days from the date of allotment 4.00%, after 180 days but on or before 365 days from the date of allotment 3.00%, after 365 days but on or before 545 days from the date of allotment 2.00%, after 545 days but on or before 730 days from the date of allotment 1.00%, after 730 days from the date of allotment Nil Taxation # The amount of Long Term Capital Gain in excess of Rs 1,00,000/- in a year will be taxable @ 10% Tax on Short Term Capital Gains - 15% #The mentioned Tax Rates shall be increased by applicable surcharge, If any, Health and Education Cess @ 4% where ever as applicable. Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes. TRANSACTION CHARGES: No Transaction Charges shall be deducted from the investment amount for applications received in the Regular Plan. NAV (as on October 31, 2018) Dividend Option Growth Option Direct Plan Regular Plan (`/Unit) Regular (`/Unit) Plan ( ` / Unit) 53.17 52.88 52.72 52.57 6 AUM `(In Crores) (as on October 31, 2018) Average AUM* 871.28 *Cumulative Daily AuM /No of days in the month Absolute AUM 891.70

Key Statistics Brokerages & Commissions Details ^^Standard Deviation 13.02% ^^Sharpe Ratio 0.39 ^^Beta 0.83 Brokerages on Investments for ` 12,23,481.04 Distributor commissions paid during ` 38,479.49 Portfolio Turnover Ratio (Last one year): 6.93% Quantum Long Term Equity Value Fund Performance as on October 31, 2018 The is co-managed by Mr. Atul Kumar and Mr. Nilesh Shetty. For other s Managed by Mr. Atul Kumar and Mr. Nilesh Shetty please see page no.39 Mr. Atul Kumar is the Fund Manager effective from November 15, 2006 Mr. Nilesh Shetty is the Associate Fund Manager effective from March 28, 2011. Performance of the Quantum Long Term Equity Value Fund - Direct Plan - Growth Option Current Value ` 10,000 Invested at the beginning of a given period (%) Sensex TRI (%) Nifty 50 TRI (%) (`) Sensex TRI (`) Nifty 50 TRI (`) October 31, 2017 to October 31, 2018 (1 year) October 30, 2015 to October 31, 2018 (3 years) October 31, 2013 to October 31, 2018 (5 years) October 31, 2011 to October 31, 2018 (7 years) October 31, 2008 to October 31, 2018 (10 years) Since Inception (13th March 2006) -0.64 4.91 1.91 9,936 10,491 10,191 11.44 10.33 10.22 13,848 13,436 13,396 14.71 11.75 11.89 19,872 17,430 17,546 13.88 11.58 11.39 24,856 21,542 21,284 19.35 15.03 15.04 58,708 40,596 40,619 14.05 11.18 11.12 52,720 38,196 37,926 Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calculation. Different Plans shall have a different expense structure. are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Performance of the Quantum Long Term Equity Value Fund - Regular Plan - Growth Option Current Value ` 10,000 Invested at the beginning of a given period (%) Sensex TRI (%) Nifty 50 TRI (%) (`) Sensex TRI (`) Nifty 50 TRI (`) October 31, 2017 to October 31, 2018 (1 year) Since Inception (1st April 2017) -0.83 4.91 1.91 9,917 10,491 10,191 5.25 11.49 9.74 10,846 11,883 11,588 Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calculation. Different Plans shall have a different expense structure. are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch 7

SIP Performance SIP Performance of Quantum Long Term Equity Value Fund as on October 31, 2018 - Direct Plan - Growth Option Since Inception SIP 10 Years SIP 7 Years SIP 5 Years SIP 3 Years SIP 1 Year SIP Total Amount Invested (` 000) Mkt Value as on October 31, 18 (` 000) (XIRR*) (%) - SENSEX TRI (XIRR*) (%) NIFTY 50 TRI (XIRR*) (%) 1,510.00 1,200.00 840.00 600.00 360.00 120.00 3,831.11 2,519.75 1,328.57 780.81 407.63 119.36 13.88 14.22 12.91 10.52 8.30-1.01 10.79 11.68 11.62 10.10 11.19-0.55 10.65 11.43 11.34 9.75 10.04-2.74 Past performance may or may not be sustained in the future. Load is not taken into consideration using applicable NAV on the SIP day (5th of every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of uniform and regular monthly subscriptions as on 5th day of every month (in case 5th is a non-business Day, then the next Business Day) and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of cash flow. Assuming ` 10,000 invested every month on 5th day of every month (in case 5th is a non-business Day, then the next Business Day), the 1 year, 3 years, 5 years, 7 years, 10 years and since inception returns from SIP are annualized and compounded investment return computed on the assumption that SIP installments were received across the time periods from the start date of SIP from the end of the relevant period viz. 1 year, 3 years, 5 years, 7 years, 10 years and since Inception. *XIRR - XIRR calculates the internal rate of return to measure and compare the profitability of series of investments. Industry Allocation (% of Net Assets) as on December 31, 2017 Industry Allocation (% of Net Assets) as on October 31, 2018 Software 16.62% Finance Auto 13.66% 13.37% Banks 11.61% Power 8.37% Pharmaceuticals 6.47% Cement Hotels, Resorts And Other Recreational Activities Gas Ferrous Metals Oil 4.19% 3.84% 3.79% 3.22% 2.91% Construction Project Auto Ancillaries 2.31% 2.00% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 8

Name of Instrument Portfolio as on October 31, 2018 QUANTUM LONG TERM EQUITY VALUE FUND Industry / Rating Quantity Market Value In Lakhs % to Net Assets A) Listed /Awaiting listing on Stock Exchanges 1. Infosys Limited Software 10,24,210 7,030.18 7.88% 2. Housing Development Finance Corporation Limited Finance 3,73,763 6,612.80 7.42% 3. Bajaj Auto Limited Auto 2,02,108 5,242.08 5.88% 4. Hero MotoCorp Limited Auto 1,76,214 4,867.65 5.46% 5. ICICI Bank Limited Banks 12,50,895 4,440.68 4.98% 6. State Bank of India Banks 14,83,361 4,174.18 4.68% 7. Wipro Limited Software 12,05,937 3,994.06 4.48% 8. Tata Consultancy Services Limited Software 1,95,873 3,796.31 4.26% 9. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 26,60,205 3,426.34 3.84% 10. GAIL (India) Limited Gas 9,02,910 3,379.14 3.79% 11. Cipla Limited Pharmaceuticals 4,92,999 3,102.20 3.48% 12. NTPC Limited Power 19,20,869 3,066.67 3.44% 13. Tata Steel Limited Ferrous Metals 5,12,859 2,840.47 3.19% 14. Shriram Transport Finance Company Limited Finance 2,43,167 2,832.41 3.18% 15. LIC Housing Finance Limited Finance 6,64,315 2,731.00 3.06% 16. Lupin Limited Pharmaceuticals 3,01,353 2,668.33 2.99% 17. Oil & Natural Gas Corporation Limited Oil 16,92,984 2,594.50 2.91% 18. Power Grid Corporation of India Limited Power 13,83,168 2,572.00 2.88% 19. Larsen & Toubro Limited Construction Project 1,58,466 2,056.10 2.31% 20. ACC Limited Cement 1,38,046 1,897.86 2.13% 21. Ambuja Cements Limited Cement 9,30,710 1,834.89 2.06% 22. PTC India Limited Power 23,81,506 1,829.00 2.05% 23. Tata Motors Limited Auto 10,09,893 1,808.72 2.03% 24. Exide Industries Limited Auto Ancillaries 6,70,819 1,784.71 2.00% 25. Yes Bank Limited Banks 9,24,819 1,739.58 1.95% 26. Tata Steel Ltd - Partly Paid Share Ferrous Metals 24,999 25.17 0.03% B) Unlisted NIL NIL Total of all Equity 82,347.03 92.36% MONEY MARKET INSTRUMENTS A) Treasury Bills (T-Bill) 1. 364 Days Tbill (MD 13/06/2019) Sovereign 50,000 47.87 0.05% Total of T-Bill 47.87 0.05% B) Collateralised Borrowing & Lending Obligation (CBLO)* 8,667.25 9.72% Total of Money Market Instruments 8,715.12 9.77% Net Receivable/(payable) (1,892.42) -2.13% Grand Total 89,169.73 100.00% * Cash & Cash Equivalents Product Labeling Name of the Quantum Long Term Equity Value Fund (An Open Ended Equity following a Value Investment Strategy) This product is suitable for investors who are seeking* Long term capital appreciation Invests primarily in equity and equity related securities of companies in 200 index. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Riskometer LOW HIGH Investors understand that their principal will be at Moderately High Risk ^^ Note: Risk Free Rate assumed to be 6.60% (FBIL Overnight MIBOR for 31 st ) for calculating Sharpe Ratio. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. Definitions Standard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability. Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market. Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe ratio, the better its risk-adjusted performance has been. Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year. Low Low Moderately Moderate Moderately High High 9

QUANTUM TAX SAVING FUND An Open Ended Equity Linked Saving with a Statutory Lock in of 3 years and Tax Benefit Investment Objective : The investment objective of the is to achieve long-term capital appreciation by investing primarily in shares of companies that will typically be included in the 200 Index and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets. Features Fund Manager & Associate Fund Manager Mr. Atul Kumar Work experience: 15 years. He has been managing this fund since December 23, 2008 Mr. Sorbh Gupta Work experience: 12 years. He has been managing this fund since October 1, 2016 Category of Equity Linked Saving (ELSS) Benchmark Index Sensex Total Return Index Minimum Application Amount (Under each Option) Purchase: ` 500/- and in multiples of ` 500/- thereafter. Additional Purchase: ` 500/- and in multiples of ` 500/- thereafter Investment Options Growth & Dividend Inception Date (Date of Allotment) December 23, 2008 Declaration of Net Asset Value (NAV) Every Business Day Redemption Proceeds Processed through RTGS/NEFT mode on T+3 basis from the date of transaction where the investor s Bank details are available. Processed through cheque on T+3 basis from the date of transaction where the required Bank details of investor are not available. Exit Load ` Entry / Sales Load Not Applicable Total Expense Ratio (As on month end) Regular Plan - 1.46% - (1.24% Management Fees + 0.22% GST (18% GST on 1.24% Management Fees) Direct Plan - 1.29% - (1.09% Management Fees + 0.20% GST (18% GST on 1.09% Management Fees) Nil Taxation # The amount of Long Term Capital Gain in excess of ` 1,00,000/- in a year will be taxable @ 10% Tax on Short Term Capital Gains - 15% Lock-in 3 years from the date of allotment of the respective Units #The mentioned Tax Rates shall be increased by applicable surcharge, If any, Health and Education Cess @ 4% where ever as applicable. Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes. TRANSACTION CHARGES: No Transaction Charges shall be deducted from the investment amount for applications received in the Regular Plan. NAV (as on October 31, 2018) Direct Plan Regular Plan (`/Unit) Regular (`/Unit) Plan ( ` / Unit) Dividend Option 52.28 52.13 Growth Option 52.28 52.13 10 AUM `(In Crores) (as on October 31, 2018) Average AUM* 69.12 *Cumulative Daily AuM /No of days in the month Absolute AUM 70.88

Key Statistics Brokerages & Commissions Details ^^Standard Deviation 13.21% ^^Beta 0.85 Brokerages on Investments for ` 92,393.56 Distributor Commissions paid during ` 991.38 ^^Sharpe Ratio 0.41 Portfolio Turnover Ratio (Last one year): 6.18% Quantum Tax Saving Fund Performance as on October 31, 2018 The is Co-Managed by Mr. Atul Kumar and Mr. Sorbh Gupta. For other s Managed by Mr. Atul Kumar please see page no. 39 Mr. Atul Kumar is the Fund Manager effective from December 23, 2008 Mr. Sorbh Gupta is the Associate Fund Manager effective from October 1,2016 Performance of the Quantum Tax Saving Fund - Direct Plan - Growth Option Current Value ` 10,000 Invested at the beginning of a given period (%) Sensex TRI (%) Nifty 50 TRI (%) (`) Sensex TRI (`) Nifty 50 TRI (`) October 31, 2017 to October 31, 2018 (1 year) October 30, 2015 to October 31, 2018 (3 years) October 31, 2013 to October 31, 2018 (5 years) October 31, 2011 to October 31, 2018 (7 years) Since Inception (23rd Dec 2008) -0.74 4.91 1.91 9,926 10,491 10,191 11.71 10.33 10.22 13,949 13,436 13,396 14.74 11.75 11.89 19,893 17,430 17,546 13.90 11.58 11.39 24,885 21,542 21,284 18.26 15.37 14.92 52,280 40,975 39,416 Past performance may or may not be sustained in the future. Different Plans shall have a different expense structure. are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Performance of the Quantum Tax Saving Fund - Regular Plan - Growth Option Current Value ` 10,000 Invested at the beginning of a given period (%) Sensex TRI (%) Nifty 50 TRI (%) (`) Sensex TRI (`) Nifty 50 TRI (`) October 31, 2017 to October 31, 2018 (1 year) Since Inception (1st April 2017) -0.93 4.91 1.91 9,907 10,491 10,191 5.34 11.49 9.74 10,860 11,883 11,588 Past performance may or may not be sustained in the future. Different Plans shall have a different expense structure. are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch 11

SIP Performance Quantum Tax Saving Fund as on October 31, 2018 - Direct Plan - Growth Option Since Inception SIP 7 Years SIP 5 Years SIP 3 Years SIP 1 Year SIP Total Amount Invested (`. 000) Mkt Value as on October 31, 18 (` 000) (XIRR*) (%) - SENSEX TRI (XIRR*) (%) NIFTY 50 TRI (XIRR*) (%) 1,180.00 840.00 600.00 360.00 120.00 2,372.48 1,331.19 782.36 408.47 119.28 13.65 12.96 10.60 8.44-1.13 11.47 11.62 10.10 11.19-0.55 11.21 11.34 9.75 10.04-2.74 Past performance may or may not be sustained in the future. performance has been calculated using applicable NAV on the SIP day (5th of every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of uniform and regular monthly subscriptions as on 5th day of every month (in case 5th is a non-business Day, then the next Business Day) and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of cash flow. Assuming ` 10,000 invested every month on 5th day of every month (in case 5th is a non-business Day, then the next Business Day), the 1 year, 3 years, 5 years, 7 years, and since inception returns from SIP are annualized and compounded investment return computed on the assumption that SIP installments were received across the time periods from the start date of SIP from the end of the relevant period viz. 1 year, 3 years, 5 years, 7 years and since Inception. *XIRR - XIRR calculates the internal rate of return to measure and compare the profitability of series of investments. Industry Allocation (% of Net Assets) as on December 31, 2017 Industry Allocation (% of Net Assets) as on October 31, 2018 Software 17.33% Finance Auto 13.56% 13.12% Banks 11.66% Power 8.52% Pharmaceuticals Hotels, Resorts And Other Recreational Activities Gas Cement Oil Construction Project Ferrous Metals Auto Ancillaries 3.87% 3.73% 3.66% 3.15% 3.12% 3.10% 2.84% 7.00% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 12

Name of Instrument Portfolio as on October 31, 2018 QUANTUM TAX SAVING FUND Industry Quantity Market % to Net Value In Assets Lakhs EQUITY & EQUITY RELATED A) Listed /Awaiting listing on Stock Exchanges 1. Infosys Limited Software 81,216 557.47 7.86% 2. HDFC Limited Finance 29,495 521.84 7.36% 3. Bajaj Auto Limited Auto 15,560 403.58 5.69% 4. Hero MotoCorp Limited Auto 13,925 384.66 5.43% 5. ICICI Bank Limited Banks 1,02,904 365.31 5.15% 6. Tata Consultancy Services Limited Software 18,719 362.80 5.12% 7. State Bank of India Banks 1,17,961 331.94 4.68% 8. Wipro Limited Software 93,038 308.14 4.35% 9. The Indian Hotels Company Limited Hotels, Resorts And Other Recreational Activities 2,13,134 274.52 3.87% 10. Cipla Limited Pharmaceuticals 43,345 272.75 3.85% 11. GAIL (India) Limited Gas 70,565 264.09 3.73% 12. NTPC Limited Power 1,64,298 262.30 3.70% 13. Shriram Transport Finance Company Limited Finance 19,248 224.20 3.16% 14. Oil & Natural Gas Corporation Limited Oil 1,45,512 223.00 3.15% 15. Lupin Limited Pharmaceuticals 25,183 222.98 3.15% 16. Larsen & Toubro Limited Construction Project 17,059 221.34 3.12% 17. Tata Steel Limited Ferrous Metals 39,405 218.24 3.08% 18. LIC Housing Finance Limited Finance 52,345 215.19 3.04% 19. Exide Industries Limited Auto Ancillaries 75,610 201.16 2.84% 20. Power Grid Corporation of India Limited Power 1,04,263 193.88 2.74% 21. PTC India Limited Power 1,91,967 147.43 2.08% 22. Tata Motors Limited Auto 79,173 141.80 2.00% 23. Ambuja Cements Limited Cement 70,990 139.96 1.97% 24. Yes Bank Limited Banks 68,839 129.49 1.83% 25. ACC Limited Cement 8,690 119.47 1.69% 26. Tata Steel Ltd - Partly Paid Share Ferrous Metals 1,717 1.73 0.02% B). Unlisted NIL NIL Total of all Equity 6,709.27 94.66% MONEY MARKET INSTRUMENTS A) Collateralised Borrowing & Lending Obligation (CBLO)* 481.23 6.79% Net Receivable/(payable) -102.05-1.45% Grand Total 7,088.45 100.00% * Cash & Cash Equivalents Product Labeling Name of the Quantum Tax Saving Fund (An Open Ended Equity Linked Saving with a Statutory Lock in of 3 years and Tax Benefit) This product is suitable for investors who are seeking* Long term capital appreciation Invests primarily in equity and equity related securities of companies in 200 index and to save tax u/s 80 C of the Income Tax Act. Investments in this product are subject to lock in period of 3 years. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them Riskometer LOW HIGH Investors understand that their principal will be at Moderately High Risk ^^ Note: Risk Free Rate assumed to be 6.60% (FBIL Overnight MIBOR for 31 st ) for calculating Sharpe Ratio. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. Definitions Standard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability. Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of less than 1 means that these curity will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market. Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe ratio, the better its risk-adjusted performance has been. Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year. Low Low Moderately Moderate Moderately High High 13

QUANTUM EQUITY FUND OF FUNDS An Open Ended Fund of Funds scheme Investing in Open Ended Diversified Equity s of Mutual Fund Investment Objective : The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of open-ended diversified equity schemes of mutual funds registered with SEBI. There can be no assurance of positive returns from following the stated investment strategy. Features ` Fund Manager Mr. Chirag Mehta Work experience: 14 years. He has been managing this fund since November 1, 2013 Category of Fund of Funds Domestic Inception Date (Date of Allotment) July 20, 2009 Declaration of Net Asset Value (NAV) Every Business Day Entry / Sales Load Not Applicable Total Expense Ratio (As on month end) Regular Plan - 0.63% - (0.53% Management Fees + 0.10% GST (18% GST on 0.53% Management Fees) Direct Plan - 0.51% - (0.43% Management Fees + 0.08% GST (18% GST on 0.43% Management Fees) Benchmark Index 200 TRI Minimum Application Amount (Under each Option) 25.12 Purchase: ` 500/- and in multiples of ` 1/- thereafter. Additional Purchase: ` 500/- and in multiples of ` 1/- thereafter/ 50 units Investment Options Growth & Dividend (Dividend Option will in turn have two Facilities, Dividend Payout Facility and Dividend Re-investment Facility) Redemption Proceeds Processed through RTGS/NEFT mode on T+3 basis from the date of transaction where the investor s Bank details are available. Processed through cheque on T+3 basis from the date of transaction where the required Bank details of investor are not available. Exit Load Repurchase/ Redemption/ Switch Out - On or before 365 days from the date of allotment 1.5 %. Research Services Quantum Information Services Private Limited (QIS) which owns the website www.personalfn.com is the designated agency to provide a recommended list of diversified equity schemes to Quantum Equity Fund of Funds. The investments in diversified equity schemes is made by Quantum Equity Fund of Funds based on / from that recommended list of diversified equity schemes provide by QIS. NAV (as on October 31, 2018) Dividend Option Growth Option Direct Plan Regular Plan (`/Unit) Regular (`/Unit) Plan ( ` / Unit) 32.616 32.555 32.616 32.555 14 AUM `(In Crores) (as on October 31, 2018) Average AUM* 25.53 *Cumulative Daily AuM /No of days in the month Absolute AUM 25.12

Key Statistics Brokerages & Commissions Details ^^Standard Deviation 14.37% ^^Beta 0.95 Brokerages on Investments for Distributor Commissions paid during ` 387.79 NIL ^^Sharpe Ratio 0.25 Quantum Equity Fund of Funds Performance as on October 31, 2018 For other s Managed by Mr. Chirag Mehta please see page no.39, 40 Mr. Chirag Mehta is the Fund Manager effective from November 01,2013. Performance of the Quantum Equity Fund of Funds - Direct Plan - Growth Option Current Value ` 10,000 Invested at the beginning of a given period (%) 200 TRI (%) Sensex TRI (%) (`) 200 TRI (`) Sensex TRI (`) October 31, 2017 to October 31, 2018 (1 year) October 30, 2015 to October 31, 2018 (3 years) October 31, 2013 to October 31, 2018 (5 years) October 31, 2011 to October 31, 2018 (7 years) Since Inception (20th July 2009) -5.20-0.98 4.91 9,480 9,902 10,491 9.55 10.67 10.33 13,152 13,560 13,436 16.59 13.76 11.75 21,551 19,058 17,430 13.83 12.45 11.58 24,780 22,747 21,542 13.57 11.44 10.80 32,616 27,354 25,930 Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme returns calucation. Different Plans shall have a different expense structure. are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Performance of the Quantum Equity Fund of Funds - Regular Plan - Growth Option Current Value ` 10,000 Invested at the beginning of a given period (%) 200 TRI (%) Sensex TRI (%) (`) 200 TRI (`) Sensex TRI (`) October 31, 2017 to October 31, 2018 (1 year) Since Inception (1st April 2017) -5.31-0.98 4.91 9,469 9,902 10,491 5.02 8.40 11.49 10,807 11,365 11,883 Past performance may or may not be sustained in the future. Load is not taken into consideration in scheme retuarns calucation. Different Plans shall have a different expense structure. are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch 15

SIP Performance SIP Performance of Quantum Equity Fund of Funds as on October 31, 2018 - Direct Plan - Growth Option Since Inception SIP 7 Years SIP 5 Years SIP 3 Year SIP 1 Year SIP Total Amount Invested (` 000) Mkt Value as on October 31, 18 (` 000) (XIRR*) (%) 200 TRI (XIRR*) (%) SENSEX TRI (XIRR*) (%) 1,110.00 840.00 600.00 360.00 120.00 2,021.11 1,349.35 777.15 398.73 113.35 12.54 13.34 10.33 6.80-10.30 11.38 12.33 10.40 9.38-6.18 10.84 11.62 10.10 11.19-0.55 Past performance may or may not be sustained in the future. Load is not taken into consideration using applicable NAV on the SIP day (5th of every month). Return on SIP and Benchmark are annualized and compounded investment return for cash flows resulting out of uniform and regular monthly subscriptions as on 5th day of every month (in case 5th is a non-business Day, then the next Business Day) and have been worked out using the Excel spreadsheet function known as XIRR. XIRR calculates the internal rate of return for series of cash flow. Assuming ` 10,000 invested every month on 5th day of every month (in case 5th is a non-business Day, then the next Business Day), the 1 year, 3 years, 5 years, 7 years and since inception returns from SIP are annualized and compounded investment return computed on the assumption that SIP installments were received across the time periods from the start date of SIP from the end of the relevant period viz. 1 year, 3 years, 5 years, 7 years and since Inception. *XIRR - XIRR calculates the internal rate of return to measure and compare the profitability of series of investments. Name of Instrument Portfolio as on October 31, 2018 QUANTUM EQUITY FUND OF FUNDS Quantity Market Value In Lakhs % to Net Assets MUTUAL FUND UNITS 1. Mirae Asset India Equity Fund-Direct Plan-Growth Option 7,84,149 380.61 15.15% 2. ICICI Prudential Bluechip Fund-Direct Plan-Growth Option 8,74,109 361.79 14.40% 3. Aditya Birla Sun Life Frontline Equity Fund-Direct Plan-Growth Option 1,62,369 354.95 14.13% 4. Franklin India Equity Fund-Direct Plan-Growth Option 59,806 347.87 13.85% 5. Invesco India Growth Opportunities Fund-Direct Plan-Growth Option 10,06,544 342.53 13.64% 6. Franklin India PRIMA FUND-Direct Plan-Growth Option 35,610 333.12 13.26% 7. L&T Mid Cap Fund-Direct Plan-Growth Option 2,46,497 328.75 13.09% Total of Mutual Fund Units 2,449.62 97.52% MONEY MARKET INSTRUMENTS A) Collateralised Borrowing & Lending Obligation (CBLO)* 61.87 2.46% Net Receivable/(payable) 0.27 0.02% Grand Total 2,511.76 100.00% * Cash & Cash Equivalents 16

Product Labeling Name of the This product is suitable for investors who are seeking* Riskometer Quantum Equity Fund of Funds (An Open Ended Fund of Funds scheme Investing in Open Ended Diversified Equity s of Mutual Funds) Long term capital appreciation Investments in portfolio of open-ended diversified equity schemes of mutual funds registered with SEBI whose underlying investments are in equity and equity related securities of diversified companies. LOW HIGH Investors understand that their principal will be at Moderately High Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Low Low Moderately Moderate Moderately High High Tax on Capital Gains # Resident Individuals & HUF FII s / Overseas Financial Organisations Partnership Firm Non Resident Indians Indian Companies Foreign Companies Long Term 20% with Indexation 10% without Indexation 20% with Indexation 10% without Indexation (on transfer of long term capital assets being unlisted securities) 20% with Indexation 10% without Indexation (on transfer of long term capital assets being unlisted securities) Short Term Maximum 30% 30% 30% Maximum 30% 30% 40% #The mentioned Tax Rates shall be increased by applicable surcharge, If any, Health and Education Cess @ 4% where ever as applicable. Equity oriented schemes will also attract Securities Transaction Tax (STT) @ 0.001% at the time of redemption and switch to other schemes. The s which are selected for investments in QEFOF based on QIS / PFN Research. TRANSACTION CHARGES: No Transaction Charges shall be deducted from the investment amount for applications received in the Regular Plan. ^^ Note: Risk Free Rate assumed to be 6.60% (FBIL Overnight MIBOR for 31 st ) for calculating Sharpe Ratio. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns. Definitions Standard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability. Beta is the tendency of a fund's returns to respond to market swings. A beta of 1 indicates that the fund price will move with the market. A beta of less than 1 means that thesecurity will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market. Sharpe Ratio is used to characterise how well the return of an asset compensates the investor for the risk taken. The greater a portfolio's Sharpe ratio, the better its risk-adjusted performance has been. 17

QUANTUM DYNAMIC BOND FUND An Open Ended Dynamic Debt Investing Across Duration Investment Objective : To generate income and capital appreciation through active management of portfolio consisting of short term, long term debt and money market instruments. Features Fund Manager Mr. Pankaj Pathak Work experience: 08 years. He has been managing this fund since March 01, 2017 Benchmark Index CRISIL Composite Bond Fund Index Category of Dynamic Bond Fund Inception Date (Date of Allotment) May 19, 2015 Declaration of Net Asset Value (NAV) Every Business Day Minimum Application Amount (Under each Option) Purchase: ` 500/- and in multiples of ` 1/- thereafter. Additional Purchase: ` 500/- and in multiples of ` 1/- thereafter/ 50 units Investment Options Growth Option, Monthly Dividend Payout Option and Monthly Dividend Reinvestment Option ` Entry/ Sales Load Not Applicable Total Expense Ratio (As on month end) Regular Plan - 0.79% - (0.67% Management Fees + 0.12% GST (18% GST on 0.67% Management Fees) Direct Plan - 0.67% - (0.57% Management Fees + 0.10% GST (18% GST on 0.57% Management Fees) Redemption Proceeds Processed through RTGS/NEFT mode on T+1 basis from the date of transaction where the investor s Bank details are available. Processed through cheque on T+1 basis from the date of transaction where the required Bank details of investor are not available. Exit Load Nil NAV (as on October 31, 2018) Monthly Dividend Option Growth Option Direct Plan Regular Plan (`/Unit) Regular (`/Unit) Plan ( ` / Unit) 10.1850 10.1880 13.1579 13.1382 18 AUM `(In Crores) (as on October 31, 2018) Average AUM* 58.97 *Cumulative Daily AuM /No of days in the month Absolute AUM 57.59

Weighted Average Maturity as on October 31, 2018 (Years) Brokerages & Commissions Details At the end of the month 1.43 Brokerages on Investments for ` 5,000.00 Modified Duration 1.24 Distributor commissions paid during ` 345.28 Portfolio Yield 7.80% Dividend History - Monthly Dividend option Direct Plan Regular Plan Regular Plan Record Date Net Dividend per unit (`) (Post Dividend Distribution Tax) Net Dividend per unit (`) (Post Dividend Distribution Tax) Individual Non Individual Individual Non Individual 27-Aug-18 25-Sep-18 25-Oct-18 0.04942548 0.04536434 0.04472592 0.04105093 Nil Nil Nil Nil 0.03041882 0.02791939 0.02533174 0.02325030 Asset Allocation & Rating Profile (% of Net Assets) as on October 31, 2018 CBLO & Net Receivable / (Payable), 4.42% Govt. Securities & Treasury Bills Public Financial Institution, 34.33% Public Financial Institution CBLO & Net Receivable / (Payable) Govt. Securities & Treasury Bills, 61.25% CBLO & Net Receivable / (Payable), 4.42% AAA, 34.33% Sovereign AAA CBLO & Net Receivable / (Payable) Sovereign, 61.25% 19

Quantum Dynamic Bond Fund Performance as on October 31, 2018 For other s Managed by Mr. Pankaj Pathak please see page no.41 Mr. Pankaj Pathak is the Fund Manager effective from March 01,2017. Performance of the scheme Quantum Dynamic Bond Fund - Direct Plan - Growth Option Current Value ` 10,000 Invested at the beginning of a given period (%) CRISIL Composite Bond Fund Index (%) CRISIL 10 Year Gilt Index (%) (`) CRISIL Composite Bond Fund Index (`) CRISIL 10 Year Gilt Index (`) October 31, 2017 to October 31, 2018 (1 year) October 30, 2015 to October 31, 2018 (3 years) Since Inception (19th May 2015) 1.72 1.74-0.47 10,172 10,174 9,953 7.63 6.78 5.44 12,474 12,179 11,726 8.26 7.24 5.85 13,158 12,736 12,170 Past performance may or may not be sustained in the future. Different Plans shall have a different expense structure. The has been in existence for more than 3 year but has not yet completed 5 years period from inception. are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Performance of the scheme Quantum Dynamic Bond Fund - Regular Plan - Growth Option Current Value ` 10,000 Invested at the beginning of a given period (%) CRISIL Composite Bond Fund Index (%) CRISIL 10 Year Gilt Index (%) (`) CRISIL Composite Bond Fund Index (`) CRISIL 10 Year Gilt Index (`) October 31, 2017 to October 31, 2018 (1 year) Since Inception (1st April 2017) 1.61 1.74-0.47 10,161 10,174 9,953 4.44 3.93 0.64 10,713 10,631 10,102 Past performance may or may not be sustained in the future. Different Plans shall have a different expense structure. are calculated on the basis of Compounded Annualized Growth Rate (CAGR). Regular plan launched on 1 April 2017 but not yet completed 3 years period since its launch 20