Quantum Asset Management Company Private Limited Registered Office: 505, Regent Chambers, 5th Floor, Nariman Point, Mumbai-400 021. Quantum Long Term Equity Fund (An Open ended growth scheme with no assured returns) Half-yearly Portfolio Statement of the Quantum Long Term Equity Fund for the period ended September 30, 2010 Value (Rs. In Lakhs) EQUITY & EQUITY RELATEDa) Listed /Awaiting listing on Stock 1 Housing Development Finance Ltd * Finance 58,590.00 429.58 6.79% 2 Tata Consultancy Services Ltd * Software 43,960.00 407.49 6.44% 3 Infosys Technologies Ltd * Software 12,780.00 389.85 6.16% 4 Bajaj Auto Ltd * Auto 26,039.00 382.75 6.05% 5 Hindustan Unilever Ltd * Diversified 114,683.00 354.43 5.60% 6 ING Vysya Bank Ltd * Banks 80,187.00 305.03 4.82% 7 Crompton Greaves Ltd * Industrial Capital 88,424.00 276.50 4.37% 8 HDFC Bank Ltd * Banks 10,974.00 273.18 4.32% 9 Container Corporation of India Ltd * Transportation 20,753.00 269.77 4.27% 10 Zee Telefilms Ltd * Media & 88,768.00 266.48 4.21% Entertainment 11 Indian Hotel Ltd Hotels 262,928.00 259.51 4.10% 12 Tata Steel Ltd Ferrous Metals 33,224.00 216.57 3.42% 13 PTC India Ltd Power 178,131.00 205.30 3.25% 14 Axis Bank Ltd Banks 13,041.00 200.39 3.17% 15 3I Infotech Ltd Software 324,881.00 195.25 3.09% 16 Ultratech Cement Ltd Cement 17,135.00 182.08 2.88% 17 ACC Ltd Cement 17,351.00 171.75 2.72% 18 Oil & Natural Gas Corporation Ltd Oil 12,154.00 170.65 2.70% 19 Bharti Airtel Ltd Telecom - Services 43,944.00 160.97 2.55% 20 Titan Industries Ltd Consumer Non 4,770.00 156.17 2.47% 21 State Bank Of India Banks 4,318.00 139.92 2.21% 22 Tata Global Beverages Ltd Consumer Non 85,980.00 103.35 1.63% 23 Gateway Distriparks Ltd Transportation 88,653.00 99.07 1.57% b) Preference Shares Trent Ltd - Ccps Series A Retailing 2,830.00 26.89 0.43% c) Unlisted Total 1,634,498.00 5,642.92 89.23% CBLO 657.70 10.40% Net Receivable/(payable) 23.24 0.37% Grand Total 6,323.86 100.00% (1) Total Non performing Assets provided for and its percentage to NAV as on September 30, 2010 - NIL. Growth Option 19.02 23.46 Dividend Option 19.18 23.66 (7) Portfolio turnover ratio - 41.13% + Industry Classification as recommended by AMFI Quantum Tax Saving Fund (An Open ended Equity linked savings scheme) Half-yearly Portfolio Statement of the Quantum Tax Saving Fund for the period ended September 30, 2010 Value (Rs. In Lakhs) EQUITY & EQUITY RELATEDa) Listed /Awaiting listing on Stock 1 Infosys Technologies Ltd * Software 458.00 13.97 6.01% 2 Housing Development Finance Ltd * Finance 1,890.00 13.86 5.96% 3 Tata Consultancy Services Ltd * Software 1,470.00 13.63 5.86% 4 Bajaj Auto Ltd * Auto 873.00 12.83 5.52% 5 Hindustan Unilever Ltd * Diversified 3,873.00 11.97 5.15% 6 ING Vysya Bank Ltd * Banks 2,640.00 10.04 4.32% 7 HDFC Bank Ltd * Banks 387.00 9.63 4.15% 8 Container Corporation of India Ltd * Transportation 708.00 9.20 3.96% 9 Zee Telefilms Ltd * Media & 2,958.00 8.88 3.82% Entertainment 10 Indian Hotel Ltd * Hotels 8,899.00 8.78 3.78% 11 PTC India Ltd Power 7,511.00 8.66 3.73% 12 Crompton Greaves Ltd Industrial Capital 2,582.00 8.07 3.48% 13 Tata Steel Ltd Ferrous Metals 1,101.00 7.18 3.09% 14 3I Infotech Ltd Software 11,077.00 6.66 2.87% 15 Axis Bank Ltd Banks 427.00 6.56 2.82% 16 ACC Ltd Cement 655.00 6.48 2.79% 17 Oil & Natural Gas Corporation Ltd Oil 417.00 5.86 2.52% 18 State Bank Of India Banks 179.00 5.80 2.50% 19 Bharti Airtel Ltd Telecom - Services 1,502.00 5.50 2.37% 20 Ultratech Cement Ltd Cement 508.00 5.40 2.32% 21 Titan Industries Ltd Consumer Non 157.00 5.14 2.21% 22 Gateway Distriparks Ltd Transportation 3,836.00 4.29 1.85% 23 Tata Global Beverages Ltd Consumer Non 2,600.00 3.13 1.35% b) Preference Shares Trent Ltd - Ccps Series A Retailing 66.00 0.63 0.27% c) Unlisted Total 56,774.00 192.14 82.70% CBLO 38.30 16.49% - Net Receivable/(payable) 1.89 0.81% Grand Total 232.33 100.00% (1) Total Non performing Assets provided for and its percentage to NAV as on September 30, 2010 - NIL Growth Option 19.0760 23.4550 Dividend Option 19.0700 23.4460 (5) Total outstanding exposure in derivative instruments as on September 30, 2010 Is NIL (7) Portfolio turnover ratio - 41.01% + Industry Classification as recommended by AMFI
Quantum Liquid Fund (An Open ended Liquid Scheme with no assured returns) Half-yearly Portfolio Statement of the Quantum Liquid Fund for the period ended September 30, 2010 Name of Instrument Rating Quantity Market Value b) Privately Placed/Unlisted 1 7.15% Usha Martin Ltd NCD (MD PR1+ 200,000.00 200.00 7.30% 27/10/10) DPC ** Total 200,000.00 200.00 7.30% c) Securitized - - - d) Money Market Instruments 1 Axis Bank Ltd CD (MD 06/10/2010) ** P1+ 500,000.00 499.58 18.23% 2 EXIM Bank CP (MD 25/11/2010) ** P1+ 500,000.00 494.82 18.06% 3 Canara Bank CD (MD 13/12/2010) ** P1+ 500,000.00 492.84 17.99% 4 Punjab National Bank CD (MD PR1+ 500,000.00 491.94 17.95% 24/12/2010) ** 5 Kotak Mahindra Prime Ltd CP (MD P1+ 300,000.00 298.23 10.88% 29/10/2010) ** 6 CBLO 246.40 8.99% Total 2,300,000.00 2,523.80 92.11% Net Receivable / (Payables) 16.29 0.59% Grand Total 2,740.09 100.00% (1) Total Non performing Assets provided for and its percentage to NAV as on September 30, 2010 - NIL. (2) Total value and percentage of illliquid Securities - NIL Growth Option 13.0919 13.4572 Daily Dividend Reinvestment Option 10.0000 10.0000 Monthly Dividend Payout Option 10.0078 10.0054 (4) Dividend declared during the half year period ended September 30, 2010 For Monthly Dividend Payout Option Record Date NAV On Record Date Dividend per Unit 26-Apr-2010 10.0000 0.03177019 25-May-2010 10.0000 0.02757851 25-Jun-2010 10.0000 0.03299329 26-Jul-2010 10.0000 0.03809066 25-Aug-2010 10.0000 0.03875913 27-Sep-2010 10.0000 0.04315993 (7) Average Maturity at the end of the month - 42 Days ** Thinly Traded/Non Traded Securities Quantum Equity Fund of Funds (An open ended Equity Fund of Funds Scheme) Half-yearly Portfolio Statement of the Quantum Equity Fund of Funds for the period ended September 30, 2010 (Mutual Funds) Regulations, 1996] Name of the Instrument Quantity Market Value a) Mutual Fund 1 HDFC Equity Fund - Growth Option * 11,450.88 33.97 19.35% 2 DSP BlackRock Equity Fund - Regular Plan - 181,406.85 32.30 18.40% Growth * 3 HDFC Top 200 Fund - Growth Option * 13,973.85 31.41 17.89% 4 SBI Magnum Multiplier Plus Scheme - 93 -Growth 33,378.36 29.74 16.94% * 5 HSBC Equity Fund - Growth * 24,333.29 26.90 15.33% 6 Sundaram BNP Paribas Select Focus-Growth * 9,227.05 9.01 5.13% Total 273,770.29 163.32 93.05% Name of the Instrument Quantity Market Value CBLO 11.50 6.55% Cash & Equivalent 0.70 0.40% Grand Total 175.52 100.00% (1) Total Non performing Assets provided for and its percentage to NAV as on September 30, 2010 - NIL Option As on March 31, Growth Option 12.6360 15.0300 Dividend Option 12.6380 15.0320 Receipts as on September 30, 2010 is Rs - NIL (7) Portfolio turnover ratio - 12.44% Quantum Gold Fund (An Open ended Gold Exchange Traded Fund with no assured returns) Half-yearly Portfolio Statement of the Quantum Gold Fund for the period ended September 30, 2010 Name of the Instrument Quantity (In Kg.) Market Value Gold 1 Gold 995 1Kg Bar 123 2,386.37 99.58% 2 Gold 99 100 Gram Bar 0.3 5.84 0.24% Total 123.30 2,392.22 99.83% a) Listed /Awaiting Listing On Stock CBLO 5.50 0.23% - Net Receivable/(Payable) -1.39-0.06% Grand Total 2,396.33 100.00% (1) Total Non performing Assets provided for and its percentage to NAV as on September 30, 2010 - NIL Option As on March 31, Growth Option 801.3012 934.3359 Receipts as on September 30, 2010 is Rs - NIL (7) The Face Value per unit is Rs.100 (8) Portfolio Turnover Ratio - 26.03% (9) Fixed Deposits - NIL
Quantum Index Fund (An Open ended Exchange Traded Fund with no assured returns) Half-yearly Portfolio Statement of the Quantum Index Fund for the period ended,september 30, 2010 (Mutual Funds) Regulations, 1996] Value (Rs. In Lakhs) % to NAV Equity & Equity Related - 1 Reliance Industries Ltd * Petroleum Products 1,477.00 14.58 9.54% 2 Infosys Technologies Ltd * Software 421.00 12.84 8.40% 3 ICICI Bank Ltd * Banks 974.00 10.84 7.09% 4 Larsen & Toubro Ltd * Construction Project 462.00 9.49 6.20% 5 Housing Development Finance Ltd * Finance 1,120.00 8.21 5.37% 6 ITC Ltd * Consumer Non 4,564.00 8.14 5.32% 7 HDFC Bank Ltd * Banks 306.00 7.62 4.98% 8 State Bank Of India * Banks 225.00 7.29 4.77% 9 Oil & Natural Gas Corporation Ltd * Oil 292.00 4.10 2.68% 10 Tata Consultancy Services Ltd * Software 442.00 4.10 2.68% 11 Bharti Airtel Ltd Telecom - Services 1,057.00 3.87 2.53% 12 Tata Steel Ltd Ferrous Metals 527.00 3.44 2.25% 13 Axis Bank Ltd Banks 221.00 3.40 2.22% 14 Bharat Heavy Electricals Ltd Industrial Capital 137.00 3.40 2.22% 15 Tata Motors Ltd Auto 279.00 3.06 2.00% 16 Hindustan Unilever Ltd Diversified 903.00 2.79 1.83% 17 Mahindra & Mahindra Ltd Auto 367.00 2.54 1.66% 18 NTPC Ltd Power 1,113.00 2.41 1.58% 19 Jindal Steel & Power Ltd Ferrous Metals 334.00 2.36 1.55% 20 Sterlite Industries Ltd Non - Ferrous Metals 1,396.00 2.33 1.52% 21 Hindalco Industries Ltd Non - Ferrous Metals 1,126.00 2.22 1.45% 22 IDFC Ltd Finance 998.00 2.02 1.32% 23 Wipro Ltd Software 430.00 1.93 1.26% Value (Rs. In Lakhs) % to NAV 47 Idea Cellular Ltd Telecom - Services 701.00 0.52 0.34% 48 Reliance Power Ltd Power 315.00 0.51 0.33% 49 ABB Ltd Industrial Capital 46.00 0.42 0.28% 50 Suzlon Energy Ltd Industrial Capital 716.00 0.38 0.25% b) Unlisted Total 28,600.00 152.03 99.44% a) Listed /Awaiting Listing On Stock 1 CBLO 0.60 0.39% Net Receivable/(payable) 0.25 0.16% Grand Total 152.88 100% (1) Total Non performing Assets provided for and its percentage to NAV as on September 30, 2010 - NIL. Growth Option 526.4986 607.9547 (3) Dividend declared during the half year period ended September 30, 2010 - NIL (4) Total outstanding exposure in derivative instruments as on September 30, 2010 - NIL (5) Total Market value of investments in Foreign Securities/American Depository Receipts/Global Depository (6) The Face Value per unit is Rs.10 (7) Portfolio Turnover Ratio - 17.67% + Industry Classification as recommended by AMFI. 24 Tata Power Company Ltd Power 142.00 1.92 1.26% 25 Gail (India) Ltd Gas 388.00 1.85 1.21% 26 Maruti Suzuki India Ltd Auto 114.00 1.64 1.07% 27 Hero Honda Motors Ltd Auto 83.00 1.54 1.01% 28 Punjab National Bank Banks 115.00 1.49 0.97% 29 Kotak Mahindra Bank Ltd Banks 302.00 1.44 0.94% 30 Cipla Ltd Pharmaceuticals 439.00 1.42 0.93% 31 Sun Pharmaceuticals Ltd Pharmaceuticals 65.00 1.31 0.86% 32 Reliance Infrastructure Ltd Power 121.00 1.29 0.85% 33 Cairn India Ltd Oil 373.00 1.25 0.82% 34 Jaiprakash Associates Ltd Cement 986.00 1.19 0.78% 35 DLF Ltd Construction 312.00 1.18 0.77% 36 Siemens Ltd Industrial Capital 130.00 1.07 0.70% 37 Steel Authority of India Ltd Ferrous Metals 507.00 1.04 0.68% 38 Unitech Ltd Construction 1,158.00 1.02 0.67% 39 Ambuja Cements Ltd Cement 705.00 0.99 0.65% 40 Reliance Communications Ltd Telecom - Services 580.00 0.98 0.64% 41 HCL Technologies Software 205.00 0.86 0.56% 42 ACC Ltd Cement 87.00 0.86 0.56% 43 Bharat Petroleum Corp Ltd Petroleum Products 111.00 0.83 0.54% 44 Reliance Capital Ltd Finance 99.00 0.77 0.51% 45 Ranbaxy Laboratories Ltd. Pharmaceuticals 133.00 0.74 0.48% 46 Power Grid Corporation of India Power 496.00 0.53 0.35%
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Investment Objective: Quantum Long Term Equity Fund s (QLTEF): investment objective is to achieve long term capital appreciation by investing primarily in shares of companies that will typically be included in the BSE 200 index and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets. Quantum Liquid Fund (QLF) The primary investment objective is to provide optimal returns with low to moderate levels of risk and high liquidity through judicious investments in money market and debt instruments. Quantum Gold Fund s (QGF) investment objective is to generate returns that are in line with the performance of gold and gold related instruments, subject to tracking errors. However, investment in gold related instruments will be made if and when SEBI permits mutual funds to invest in gold related instruments. The Scheme is designed to provide returns that before expenses, closely correspond to the returns provided by gold. Quantum Index Fund (QIF) : The principal investment objective of Quantum Index Fund (QIF) is to invest in stocks of companies comprising the S & P CNX Nifty Index and endeavor to achieve returns equivalent to the Nifty by Passive Investment. The scheme will be managed by replicating the Index in the same weightage as in the S&P CNX Nifty Index with the intention of minimizing the performance differences between the scheme and the S&P CNX Nifty Index in capital terms, subject to market liquidity, costs of trading, management expenses and other factors which may cause tracking error. Quantum Tax Saving Fund s (QTSF) investment objective is to achieve long term capital appreciation by investing primarily in shares of companies that will typically be included in the BSE 200 index and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets. Quantum Equity Fund of Funds (QEFOF) investment objective 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. Asset Allocation: QLTEF will primarily invest in Equity and Equity related securities, but may invest in money market instruments and liquid schemes of mutual funds to meet liquidity needs. QLF will invest in Money Market Instruments and other short term debt instruments having maximum repricing tenor of not more than 91 days in maturity. QGF will primarily invest in physical gold and if allowed under SEBI Regulations, also in gold related securities including derivatives, the scheme may invest in money market instruments to meet liquidity needs. QIF will predominantly invest in stocks constituting the S & P CNX Nifty Index, the scheme may also invest in Money Market Instruments to meet liquidity needs. QTSF will primarily invest in Equity and Equity related securities, the scheme may also invest in debt and Money Market Instruments or other liquid instruments as permitted under the Equity Linked Saving Scheme. QEFOF will invest in open ended diversified equity schemes of third party mutual funds registered with SEBI. QEFOF shall invest in a mix of diversified equity schemes, mid cap/small cap/large cap oriented schemes, but may invest in money market instruments to meet liquidity needs. Terms of Issue: QLTEF is an open ended Equity Scheme offering Growth and Dividend Options. The units can be subscribed/redeemed at the applicable NAV, subject to applicable load on all business days. QLF is an open ended Liquid Scheme offering Growth, Daily Dividend Reinvestment and Monthly Dividend Payout Options. The units can be subscribed /redeemed at the applicable NAV, subject to applicable load, on all business days. QGF is an open ended Gold Exchange Traded Fund. Each unit of QGF will be approximately equal to the price of half (1/2) gram of Gold. Units will be issued at NAV based prices. On an ongoing basis direct purchases from the Fund would be restricted to only Authorised Participants and Eligible Investors. QIF is open ended Index Exchange Traded Fund. Each unit of QIF will be approximately equal to 1/10th (one tenth) of the S& P CNX Nifty Index. Units will be issued at NAV based prices. On an ongoing basis direct purchases from the Fund would be restricted to only Authorised Participants and Eligible Investors. Units of QGF and QIF can be bought / sold like any other stock on the National Stock Exchange of India Ltd (NSE) or on any other stock exchanges where it is listed. QTSF is an open ended Equity Linked Savings Scheme (ELSS) offering Growth and Dividend Options. The Units can be subscribed at the applicable NAV, subject to applicable load on all business days during the continuous Offer. QEFOF is an open ended Equity Fund of Funds Scheme offering Growth and Dividend Options. The units can be subscribed/redeemed at the applicable NAV, subject to applicable load on all business days. Entry Load: N.A. in case of all schemes. Exit Load: in case of QLTEF : On repurchase/redemption/switch out within 6 months of allotment 4%, after 6 months but within 12 months of allotment 3%, after 12 months but within 18 months of allotment 2%, after 18 months but within 24 months of allotment 1%, after 24 months of allotment Nil. For QGF: Nil in case of Authorised Participants; 0.5% in case of Eligible Investors. In case of QEFOF: On repurchase/redemption/switch out within 1 year from the date of allotment 1.5% In case of QLF, QIF
and QTSF: Nil. Risk Factors: All Mutual Funds and securities investments are subject to market risks including uncertainty of dividend distributions and the NAV of the schemes may go up or down depending upon the factors and forces affecting the gold and securities markets and there is no assurance or guarantee that the objectives of the scheme will be achieved. Quantum Long Term Equity Fund, Quantum Liquid Fund, Quantum Gold Fund, Quantum Index Fund, Quantum Tax Saving Fund and Quantum Equity Fund of Funds are the names of the schemes and does not in any manner indicate either the quality of the Schemes, their future prospects or returns. Scheme specific risk. Equity and Equity related instruments are by nature volatile and prone to price fluctuations due to both macro and micro factors QLF proposes to invest the portfolio in debt and money market instruments. Changes in interest rate may affect the QLF s NAV The QGF s NAV will react to the Gold price movements. The Investor may lose money over short or long period due to fluctuation in Scheme s NAV in response to factors such as economic and political developments, changes in interest rates and perceived trends in bullion prices, market movement and over longer periods during market downturns. Trading volumes, settlement periods and transfer procedures may restrict the liquidity of these investments of the QLTEF, QLF, QGF, QIF and QTSF. Units issued under QTSF will not be redeemed until the expiry of 3 (three) years from the date of their allotment. QEFOF s performance will depend upon the performance of the underlying schemes. It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Documents for QGF and QIF have been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the said Scheme Information Documents. The investors are advised to refer to the Scheme Information Documents of QGF and QIF for full text of the Disclaimer Clause of NSE. S& P and Standard and Poor s are trademarks of the McGraw hill Companies, Inc (S & P) and have been licensed for use by India Index Services & Products Ltd in connection with the S& P Nifty Index. The Product is not sponsored, endorsed sold or promoted by India Index services & Products Limited ( IISL ) or Standard & Poor s, a division of The McGraw Hill Companies, Inc ( S & P ) regarding the advisability of investing in securities generally or in the product. Please read the full Disclaimer in relation to the S& P CNX Nifty Index in the Scheme Information Document of QIF. Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882.Sponsors: 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 (AMC). The Sponsor, Trustee and the Investment Manager are incorporated under the Companies Act, 1956. The past performance of the Sponsor / AMC/ Fund has no bearing on the expected performance of the scheme. Mutual Funds investments are subject to market risks. Please read the Scheme Information Document (s) / Key Information Memorandum (s) / Statement of Additional Information / Addendums carefully before investing. Scheme Information Document(s) / Key Information Memorandum(s) / Statement of Additional Information can be obtained at any of our Investor Service Centers or at the office of the AMC : 505, Regent Chambers, 5th Floor, Nariman Point, Mumbai 400 021 or on AMC website www.quantumamc.com/www.quantummf.com