Quantum Mutual FundFactsheets for the month of April, 2010

Quantum Long Term Equity Fund

Net Asset Value as on April 30, 2010 (Rs./Unit)Growth Option 19.6000Dividend Option 19.7700Fund Size (in Crores) 53.31

Period Returns-Growth Option (%) ^ Returns Benchmark (%) #

6 Months * 17.37% 10.66%1 Year * 89.74% 55.50%3 Years ** 16.60% 9.63%Since Inception ** 17.66% 14.37%* Absolute Returns ** Compounded Annulised Returns # Benchmark Index - BSE 30 Total Return IndexPerformance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicableDate of Inception: March 13, 2006

^ PAST PERFORMANCE MAY OR MAY NOT BE SUSTAINED IN THE FUTURE

Sr.No. Name of Investment Industry Quantity Market Value In Lakhs

% to Net Asset

Equity & Equity Relateda) Listed /Awaiting listing on the Stock Exchange

An Open ended Growth Scheme Value Research Rating ~Fact Sheet as on 30th April 2010

Returns for Growth option7090

110130150170190210

13-Mar-06 30-Apr-10

Quantum-Long Term Equity Fund - Return

BSE 30 Total Return Index - Return

(Base = 100, as on 13th March 2006)

a) Listed /Awaiting listing on the Stock Exchange1 Housing Development Finance Cor Ltd Finance 11,718.00 329.74 6.19%2 Tata Consultancy Services Ltd. Software 40,294.00 308.41 5.79%3 Infosys Technologies Ltd. Software 10,614.00 290.63 5.45%4 HDFC Bank Ltd. Banks 14,257.00 285.20 5.35%5 Titan Industries Ltd. Consumer Non Durables 11,861.00 252.55 4.74%6 Crompton Greaves Ltd. Industrial Capital Goods 87,206.00 229.79 4.31%7 Hindustan Unilever Ltd. Diversified 95,662.00 229.40 4.30%8 Zee Entertainment Enterprises Ltd Media & Entertainment 71,143.00 216.35 4.06%9 Bajaj Auto Limited Auto 9,630.00 201.59 3.78%

10 Indian Hotels Co. Ltd. Hotels 184,667.00 199.90 3.75%11 Tata Tea Ltd. Consumer Non Durables 18,450.00 194.29 3.64%12 Oil & Natural Gas Corporation Ltd. Oil 17,905.00 188.86 3.54%13 Ing Vysya Bank Ltd. Banks 56,293.00 179.29 3.36%14 State Bank Of India Banks 7,353.00 169.17 3.17%15 Bharat Petroleum Corporation Ltd. Petroleum Products 31,553.00 163.29 3.06%16 Container Corporation Of India Ltd. Transportation 11,454.00 148.48 2.79%17 Dr. Reddys Laboratories Ltd. Pharmaceuticals 11,431.00 144.02 2.70%18 Cummins India Ltd. Industrial Products 24,029.00 137.60 2.58%19 Bharti Airtel Ltd. Telecom - Services 38,877.00 116.07 2.18%20 Raymond Ltd. Textile Products 47,552.00 112.94 2.12%21 Tata Steel Ltd. Ferrous Metals 17,359.00 107.43 2.02%22 Trent Limited Retailing 12,741.00 103.69 1.95%23 ACC Ltd Cement 11,009.00 99.64 1.87%24 PTC India Limited Power 77,247.00 88.25 1.66%25 3I Infotech Limited Software 114,811.00 85.30 1.60%26 Jet Airways (India) Ltd. Transportation 11,653.00 62.60 1.17%

b) UnlistedTOTAL 1,046,769.00 4,644.47 87.13%

c) CBLO 682.99 12.81% d) Net Receivable/(payable) 3.15 0.06%

Grand Total 5,330.62 100.00%

Standard Deviation 26.56%Beta 0.61Sharp Ratio 0.75Portfolio Turnover Ratio 39.28%

Industry Allocation of Equity Holding (% of Net Assets)

Quantitative Scheme Data

~In Equity diversified category (158 schemes) for the 3 year period ending 30th April 2010.

Quantum Tax Saving Fund

Net Asset Value as on April 30, 2010 (Rs./Unit)Growth Option 19.6460Dividend Option 19.6390

Fund Size (in Crores) 1.72

PeriodReturns-Growth Option

(%) ^

Returns Benchmark (%)

#6 Months * 17.15% 10.66%1 Year * 82.45% 55.50%Since Inception ** 64.70% 56.41%* Absolute Returns ** Compounded Annulised Returns # Benchmark Index - BSE 30 Total Return IndexPerformance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicableDate of Inception: December 23, 2006

^ PAST PERFORMANCE MAY OR MAY NOT BE SUSTAINED IN THE FUTURE

Sr.No. Name of Investment Industry Quantity Market Value In Lakhs % to Net Asset

An Open ended Equity Linked Savings SchemeFact Sheet as on 30th April 2010

70

90

110

130

150

170

190

210

23-Dec-08 30-Apr-10

BSE 30 Total Return Index - ReturnQuantum Tax Saving Fund - Return

(Base = 100, as on 23rd Dec 2008)

Returns for Growth Option

In LakhsEquity & Equity Related

a) Listed /Awaiting listing on the Stock Exchange1 Housing Development Finance Cor Ltd Finance 346.00 9.74 5.66%2 Titan Industries Ltd. Consumer Non Durables 424.00 9.03 5.25%3 Infosys Technologies Ltd. Software 329.00 9.01 5.24%4 HDFC Bank Ltd. Banks 433.00 8.66 5.04%5 Tata Consultancy Services Ltd. Software 1,099.00 8.41 4.89%6 Bajaj Auto Limited Auto 381.00 7.98 4.64%7 Zee Entertainment Enterprises Ltd Media & Entertainment 2,588.00 7.87 4.58%8 Hindustan UniLever Ltd. Diversified 2,963.00 7.11 4.13%9 Oil & Natural Gas Corporation Ltd. Oil 642.00 6.77 3.94%

10 Indian Hotels Co. Ltd. Hotels 6,058.00 6.56 3.81%11 Tata Tea Ltd. Consumer Non Durables 582.00 6.13 3.56%12 Crompton Greaves Ltd. Industrial Capital Goods 2,218.00 5.84 3.40%13 Bharat Petroleum Corporation Ltd. Petroleum Products 1,124.00 5.82 3.38%14 ING Vysya Bank Ltd. Banks 1,771.00 5.64 3.28%15 State Bank of India Banks 234.00 5.38 3.13%16 PTC INDIA LIMITED Power 4,632.00 5.29 3.08%17 Container Corporation of India Ltd. Transportation 378.00 4.90 2.85%18 Raymond Ltd. Textile Products 1,916.00 4.55 2.65%19 ACC Ltd Cement 443.00 4.01 2.33%20 Bharti Airtel Ltd. Telecom - Services 1,335.00 3.99 2.32%21 Dr. Reddys Laboratories Ltd. Pharmaceuticals 308.00 3.88 2.26%22 Tata Steel Ltd. Ferrous Metals 584.00 3.61 2.10%23 Cummins India Ltd. Industrial Products 619.00 3.54 2.06%24 Trent Limited Retailing 304.00 2.47 1.44%25 3I Infotech Limited Software 3,174.00 2.36 1.37%26 Jet Airways (India) Ltd. Transportation 321.00 1.72 1.00%

b) UnlistedTOTAL 35 206 00 150 27 87 37%TOTAL 35,206.00 150.27 87.37%

c) CBLO 19.49 11.33% d) Net Receivable/(payable) 2.23 1.30%

Grand Total 172.00 100.00%

Standard Deviation 23.32%Beta 0.56Sharp Ratio 3.16Portfolio Turnover Ratio 31.85%

Quantitative Scheme Data

Industry Allocation of Equity Holding (% of Net Assets)

Quantum Equity Fund of Funds

Net Asset Value as on April 30, 2010 (Rs./Unit)Growth Option 12.9860Dividend Option 12.9870

Fund Size (in Crores) 1.37

PeriodReturns -Growth Option

(%) ^Returns

Benchmark (%) #6 Month * 13.02% 13.62%Since Inception * 29.86% 20.65%* Absolute Returns # Benchmark Index - BSE 200 IndexPerformance of the Dividend option for the investor would be net of the dividend distribution tax, as applicableDate of Inception: July 20,2009

An Open ended Equity Fund of Funds SchemeFact Sheet as on 30th April 2010

110

130

150

170

190

Returns - Quantum Equity Fund Of Funds

Returns - BSE 200 Index

70

90

20-Jul-09 30-Apr-10

Returns for Growth Option

Net Asset Value as on April 30, 2010 (Rs./Unit)Growth Option 13.1425Monthly Dividend Payout Option 10.0050Daily Dividend Re-investment Option 10.0000Fund Size (Rs. in crores) : 27.81

PeriodReturns-Growth Option (%) ^

Returns Benchmark(%) #

7 days * 0.0883% 0.0646%15 days * 0.1898% 0.1446%30 days * 0.3865% 0.2942%3 months * 1.0588% 0.9692%6 months * 1.9533% 1.6731%Last 1 Year * 4.2212% 3.1816%Last 3 Years ** 6.7790% 6.3745%Since Inception ** 6.9473% 6.4575%* Absolute Returns ** Compounded Annulised Returns # Benchmark Index - Crisil Liquid Fund Index

Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable

Date of Inception - April 07, 2006

Quantum Liquid FundAn Open ended Liquid scheme Value Research Rating ~

Fact Sheet as on 30th April 2010

115

120

125

130

135

Quantum Liquid Fund - Return

Crisil Liquid Fund Index - Return

^ PAST PERFORMANCE MAY OR MAY NOT BE SUSTAINED IN THE FUTURE

25-Feb-10 0.0249308625-Mar-10 0.0247092226-Apr-10 0.04076910

At the end of the month 34 DaysAverage during the month 41 Days

Modified Duration 32 Days

Sr.No Name of Investment Rating Market Value (Rs Lakhs) % to Net Asset

(A) Listed/Awaiting listing on Stock Exchanges(B) Privately Placed/Unlisted1 SREI EQUIPMENT FINANCE PVT LTD (NCD) PR1+ 300.00 10.79%

Total 300.00 10.79%1 BERGER PAINTS INDIA LTD (NCD) P1+ 130.00 0.05%2 BLUE STAR LTD (NCD) PR1+ 200.00 0.07%

Money Market Instruments1 Corporation Bank (Cd) P1+ 497.34 17.89%2 Oriental Bank Of Commerce (Cd) P1+ 499.85 17.98%3 Punjab National Bank (Cd) PR1+ 496.02 17.84%4 State Bank Of Bikaner & Jaipur (Cd) P1+ 496.48 17.85%

Total 1 989 69 71 55%

Dividend History

Weighted Average Maturity

Returns for Growth Option100

105

110

115

8-Apr-06 30-Apr-10

Total 1,989.69 71.55%

Sr.No Name of Investment Rating Market Value (Rs Lakhs) % to Net Asset

Fixed Deposits1 Yes Bank Ltd. ( 91 Days) 100.00 3.60%

OTHERS1 CBLO / REVERSE REPO 43.69 1.57%2 Net Receivable / (Payables) 17.36 0.62%

Total 61.05 2.20%Grand Total 2,780.74 100.00%

~In Debt Ultra Short Term Category (40 schemes) for the 3 year period ending 30th April 2010.

Quantum Gold Fund

Net Asset Value as on April 30, 2010 (Rs./Unit)Growth Option 834.1830No of Kg. 106Fund Size (in Crores) 18.32

PeriodReturns -Growth Option

(%) ^

Returns Benchmark(%)

#6 Months * 6.47% 7.02%1 Year * 16.33% 17.52%Since Inception ** 16.88% 16.44%* Absolute Returns ** Compounded Annulised Returns # Benchmark Index - Domestic Price of GoldDate of Inception: February 22, 2008

An Open ended Exchange Traded Fund - Gold Fact Sheet as on 30th April 2010

130

150

170

190

210

Quantum Gold Fund-Return

Domestic Price of Gold - Return

^ PAST PERFORMANCE MAY OR MAY NOT BE SUSTAINED IN THE FUTURE

Name of Investment Market Value in Lakhs % to Net AssetGOLDGOLD 995 1KG BAR 1,828.13 99.76

Total 1,828.13 99.76

Net Receivable/(payable) 4.33 0.24

Grand Total 1,832.46 100

70

90

110

22-Feb-08 30-Apr-10

Returns of Growth Option

Quantum Index Fund ETF

Net Asset Value as on April 30, 2010 (Rs./Unit)Growth Option 529.1499Fund Size (in Crores) 1.22

PeriodReturns-Growth Option

(%) ^

Returns Benchmark(%)

#6 Months * 11.64% 12.02%1 Year * 51.34% 51.93%Since Inception ** 16.48% 14.04%* Absolute Returns ** Compounded Annulised Returns # Benchmark Index - S&P CNX Nifty IndexDate of Inception: July 10, 2008

An Open ended Exchange Traded Fund Fact Sheet as on 30th April 2010

60

80

100

120

140

160

180

200

Quantum Index Fund - Return

S&P CNX Nifty Index - Return

Returns  of Growth Option

^ PAST PERFORMANCE MAY OR MAY NOT BE SUSTAINED IN THE FUTURE

Sr.No. Name of Investment Industry Quantity Market Value In Lakhs % to Net Asset

Equity & Equity Related a) Listed /Awaiting listing on the Stock Exchange

1 Reliance Industries Ltd. Petroleum Products 1,348.00 13.93 11.38%2 Infosys Technologies Ltd. Software 383.00 10.49 8.56%3 ICICI Bank Ltd. Banks 887.00 8.44 6.89%4 Larsen & Toubro Ltd. Construction Project 479.00 7.74 6.32%5 Housing Development Finance Cor Ltd Finance 201.00 5.66 4.62%6 HDFC Bank Ltd. Banks 277.00 5.54 4.52%7 ITC LTD Consumer Non Durables 2,062.00 5.48 4.48%8 State Bank of India Banks 204.00 4.69 3.83%9 Bharat Heavy Electricals Ltd. Industrial Capital Goods 126.00 3.14 2.56%

10 Tata Consultancy Services Ltd. Software 399.00 3.05 2.49%11 Tata Steel Ltd. Ferrous Metals 485.00 3.00 2.45%12 Bharti Airtel Ltd. Telecom - Services 972.00 2.90 2.37%13 Oil & Natural Gas Corporation Ltd. Oil 269.00 2.84 2.32%14 Sterlite Industries Ltd. Non - Ferrous Metals 321.00 2.66 2.17%15 Axis Bank Limited Banks 196.00 2.49 2.03%16 Jindal Steel & Power Ltd. Ferrous Metals 307.00 2.28 1.86%17 Hindustan UniLever Ltd. Diversified 831.00 1.99 1.63%18 Tata Motors Ltd. Auto 216.00 1.88 1.54%19 Hindalco Industries Ltd. Non - Ferrous Metals 1,036.00 1.85 1.51%20 Tata Power Co. Ltd. Power 131.00 1.78 1.45%21 Mahindra & Mahindra Ltd. Auto 338.00 1.78 1.45%22 Wipro Ltd Software 237 00 1 59 1 30%

40

60

10-Jul-08 30-Apr-10

22 Wipro Ltd. Software 237.00 1.59 1.30%23 GAIL (India) Ltd. Gas 357.00 1.53 1.25%24 NTPC Ltd. Power 690.00 1.43 1.17%

Sr.No. Name of Investment Industry Quantity Market Value In Lakhs

% to Net Asset

25 Cipla Ltd. Pharmaceuticals 404.00 1.39 1.13%26 Hero Honda Motors Ltd. Auto 71.00 1.36 1.11%27 Maruti Suzuki India Ltd. Auto 105.00 1.34 1.10%28 Jaiprakash Associates Ltd. Cement 907.00 1.34 1.09%29 Reliance Infrastructure Limited Power 112.00 1.27 1.04%30 Infrastructure Development Finance Com Finance 746.00 1.27 1.04%31 Punjab National Bank Banks 106.00 1.10 0.90%32 CAIRN INDIA LIMITED Oil 343.00 1.08 0.88%33 Steel Authority of India Ltd. Ferrous Metals 466.00 1.02 0.83%34 Kotak Mahindra Bank Ltd. Banks 128.00 0.95 0.77%35 Sun Pharmaceutical Industries Ltd. Pharmaceuticals 60.00 0.94 0.77%36 Unitech Ltd. Construction 1,065.00 0.91 0.74%37 DLF Limited Construction 287.00 0.89 0.73%38 Reliance Communications Ltd Telecom - Services 534.00 0.87 0.71%39 Siemens Ltd. Industrial Capital Goods 120.00 0.85 0.70%40 Idea Cellular Limited Telecom - Services 1,338.00 0.82 0.67%41 Ambuja Cements Limited Cement 648.00 0.78 0.64%42 ACC Ltd Cement 80.00 0.72 0.59%43 Reliance Capital Ltd. Finance 91.00 0.67 0.55%44 HCL Technologies Ltd. Software 169.00 0.67 0.54%45 ABB Ltd Industrial Capital Goods 81.00 0.64 0.52%46 Ranbaxy Laboratories Ltd. Pharmaceuticals 122.00 0.54 0.44%47 Bharat Petroleum Corporation Ltd. Petroleum Products 102.00 0.53 0.43%48 Power Grid Corporation Ltd. Power 456.00 0.50 0.41%49 Reliance Power Limited Power 290.00 0.47 0.39%50 Suzlon Energy Ltd. Industrial Capital Goods 581.00 0.40 0.33%b) Unlisted b) Unlisted

TOTAL 22,164.00 121.52 99.22% d) Net Receivable/(payable) 0.96 0.78%

Grand Total 122.48 100.00%

Industry Allocation of Equity Holding (% of Net Assets)

Quantum Long Term Equity Fund Quantum Liquid Fund Quantum Gold Fund Quantum Index Fund Quantum Tax Saving Fund Quantum Equity Fund of Funds

Nature of Scheme Open-ended Equity Scheme Open-ended Liquid Scheme Open ended Exchange Traded Fund - Gold Open-ended Exchange Traded Fund

Open-ended Equity Linked SavingsScheme with a lock-in

period of 3 years

Open-ended Equity Fund of Funds Scheme

Investment Objective

The investment objective of the Scheme 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.

The primary investment objective of the Scheme is to provide optimal

returns with low to moderate levels of risk and high liquidity through judicious investments in money

market and debt instruments.

The Investment Objective of the Scheme 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.

The investment objective of the scheme is to invest in stocks of companies

comprising S & P CNX Nifty Index and endeavour to achieve return equivalent to Nifty by “Passive “investment. The

Scheme will be managed by replicating the index in the same weightage as in the S & P CNX Nifty 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, managing expenses and other factors which may cause

tracking error.

The investment objective of the Scheme 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.

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.

Fund Manager Mr. Atul Kumar ( Since November 15, 2006)

Mr. Arvind Chari (Since April,24 2007) Mr. Chirag Mehta (Since May 01, 2009) Mr. Hitendra Parekh (Since June

09,2008)Mr. Atul Kumar (Since December 10, 2008)

Mr. Arvind Chari (Since June 26,2009)

Fund Manager Total Experience 9 yrs. 8 yrs 6 yrs 18 yrs. 9 yrs. 8 yrs

Inception Date (Date of Allotment) March 13, 2006 April 7, 2006 February 22, 2008 July 10, 2008 December 23, 2008 July 20, 2009

NA* NA* NA* NA* NA* NA*

Exit Load

Repurchase/ Redemption/Switch Out - within 6 months of allotment 4.00%, after 6 months but within 12 months of allotment 3.00%, after 12 months

but within 18 months of allotment 2.00%, after 18 months but within 24 months of allotment 1.00%, after 24

months of allotment Nil

NIL Authorised Participent - NIL Eligible Investor - 0.50%

NIL (retails Investor can exit the scheme

only through secondary market)NIL

Repurchase/ Redemption/ Switch Out Load – 1.5 % within 1 year

from the date of allotment

Expenses Ratio 1.50% 0.45% 1.00% 0.75% 1.50% 0.75%

Investment Options

Growth & Dividend (Dividend Option will in turn have two Facilities, Dividend Payout Facility and

Dividend Re-investment Facility)

Growth, Daily Dividend Reinvestment & Monthly Dividend

Payout. Growth Growth

Growth & Dividend (Dividend Option will in turn have two Facilities, Dividend Payout Facility and Dividend Re-

investment Facility)

Growth & Dividend (Dividend Option will in turn have two

Facilities, Dividend Payout Facility and Dividend Re-investment

Facility)

Minimum Application Amount (Under each Plan)

Rs. 5,000/- and in multiples of Re. 1/-thereafter, Additional Investment

would be Rs. 1,000/- and in multiples of Re.1/- thereafter.

Growth option Rs. 10,000/-and in multiples of Re.1/- thereafter,

Additional Investment - Rs. 1,000/- and in multiples of

Re.1/- thereafter. Monthly Dividend Payout option Rs. 10,000/-and in

multiples of Re.1/- thereafter, Additional Investment -

Rs. 1,000/- and in multiples of Re.1/- thereafter. Daily Dividend

Re-investment option Rs. 1,00,000/-and in multiples of Re.1/- thereafter, Additional Investment -

Rs. 1,000/- and in multiples of Re.1/- thereafter

Directly with Fund: The investors can create / redeem in exchange of

Portfolio Deposit and Cash Component in creation unit size at NAV based Price. On the

Exchange: Approx equal to price of ½ gram of Gold quoted on the NSE. On

NSE, the units can be purchased / sold in minimum lot of 1 units and in

multiples therefore.

Directly with Fund: The investors can create / redeem in exchange of

Portfolio Deposit and Cash Component in creation unit size at NAV based

Price. On the Exchange: At prices which may be close to the NAV of QIF

Units. On NSE, the units can be purchased / sold in minimum lot of 1 unit and in multiples therefore. The

units of QIF issued under the scheme will be approximately equal to the price

of 1/10 (one-tenth) of the S&P CNX Nifty Index.

Rs. 500 and in multiples of Rs. 500 thereafter, Additional Investment in all schemes would be Rs 500 and in

multiples of500 thereafter

Rs. 5,000/- and in multiples of Re. 1/-thereafter, Additional Investment

would be Rs. 1,000/- and in multiples of Re.1/- thereafter.

Lock-in Period NIL NIL NIL NIL 3 years from the date of allotment of the respective Units NIL

Net Asset Value (NAV) Every Business Day Every Business Day Every Business Day Every Business Day Every Business Day Every Business Day

Benchmark Index BSE 30 Total Return Index Crisil Liquid Fund Index Domestic Price of Gold S&P CNX Nifty Index BSE 30 Total Return Index BSE 200 Index

Entry Load *In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 has notified that, w.e.f. August 01, 2009 there will be no entry load charged to the schemes of the Mutual Fund and the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.

Source for 5-Star rating: Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity funds, this rating is based on the average monthly returns for the last 3-year and 5-year periods. These ratings do not take into account any entry or exit load. Five-stars indicate that a fund is in the top 10 per cent of its category in terms of historical risk adjusted returns. 158 open-ended Equity: Diversified Funds were rated as on March 31, 2010. Value Research Fund Ratings are subject to change every month. The rating is based on primary data provided by respective funds; Value Research does not guarantee the accuracy. Source for 4-Star rating: Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of debt funds, this rating is based on 18-month weekly risk-adjusted performance, relative to the other funds in category. Four-stars indicate that a fund is in the next 22.5 per cent of its category in terms of historical risk-adjusted returns. 40 Ultra Short-term Debt Funds were rated as on March 31, 2010. Value Research Fund Ratings are subject to change every month. The rating is based on primary data provided by respective funds; Value Research does not guarantee the accuracy. 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 Re-investment 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