Quantum Mutual Fund has launched an ultra-short term debt fund. Named as Quantum Liquid Fund, it will be initially available for subscription on April 3 and 4, 2006.
The fund offers three plans, viz., growth, monthly dividend payout, and daily dividend re-investment. The minimum investment amount for growth and monthly dividend plans is Rs.10,000, while for daily dividend option, it is Rs.1 lakh. The fund will not charge any entry or exit load.