1

Quantum Mutual Fund

Quantum Mutual Fund

Quantum Long Term Equity Fund

An Open ended Equity Scheme
As on February 28, 2014

February 28, 2014

Nature of Scheme Investment Objective Open-ended Equity Scheme 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 S&P BSE 200 Index^^ and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets. Fund Manager Mr. Atul Kumar ( Since November 15, 2006) Fund Manager Total Experience 14 yrs. Associate Fund Manager Mr. Nilesh Shetty (Since March 28, 2011) Total Experience 10 yrs. Inception Date (Date of Allotment) March 13, 2006 Current Expense Ratio 1.25% Investment Options Growth & Dividend (Dividend Option will in turn have two Facilities, Dividend Payout Facility and Dividend Re-investment Facility) Minimum Application Amount ` 500/- and in multiples of `1/-thereafter, Additional Investment would (Under each Oprion) be ` 500/- and in multiples of `1/- thereafter/ 50 units. Net Asset Value (NAV) Every Business Day Benchmark Index S&P BSE 30 Total Return Index^^

Growth Option Dividend Option

27.36 27.60

PRODUCT LABEL Name of the Scheme Quantum Long Term Equity Fund (An Open-ended Equity Scheme) This product is suitable for investors who are seeking* . Long term capital appreciation . Investments in equity and equity related securities of companies in S&P BSE 200 index. . High Risk (BROWN)

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

Portfolio as on February 28, 2014

Name of Instrument EQUITY & EQUITY RELATED A) Listed /Awaiting listing on the Stock Exchange Housing Development Finance Corporation Ltd Bajaj Auto Ltd Infosys Ltd Maruti Suzuki India Ltd Container Corporation of India Ltd The Indian Hotels Company Ltd ACC Ltd Voltas Ltd Oil & Natural Gas Corporation Ltd Tata Consultancy Services Ltd Tata Chemicals Ltd Indian Oil Corporation Ltd Hero MotoCorp Ltd Crompton Greaves Ltd GAIL (India) Ltd State Bank of India ING Vysya Bank Ltd Larsen & Toubro Ltd NTPC Ltd Axis Bank Ltd Cummins India Ltd PTC India Ltd Tata Steel Ltd Exide Industries Ltd Petronet LNG Ltd Industry Quantity Market value in Lakhs % to Net Asset

Finance Auto Software Auto Transportation Hotels Cement Construction Project Oil Software Chemicals Petroleum Products Auto Industrial Capital Goods Gas Banks Banks Construction Project Power Banks Industrial Products Power Ferrous Metals Auto Ancillaries Gas

154,177 62,497 29,734 60,866 121,939 1,254,067 74,021 612,363 279,349 34,283 273,139 277,088 32,995 502,471 173,789 41,001 113,929 46,828 458,017 39,382 96,221 772,906 138,731 426,387 383,763

1,263.17 1,216.41 1,137.28 967.16 931.49 867.81 817.86 816.89 813.88 780.20 731.60 688.15 649.06 645.68 644.32 628.65 622.28 519.63 514.81 498.99 486.40 480.75 476.96 472.22 464.55

5.61 5.41 5.05 4.30 4.14 3.86 3.63 3.63 3.62 3.47 3.25 3.06 2.88 2.87 2.86 2.79 2.77 2.31 2.29 2.22 2.16 2.14 2.12 2.10 2.06

Quantum Mutual Fund

Quantum Long Term Equity Fund

An Open ended Equity Scheme
As on February 28, 2014
Bharti Airtel Ltd Gateway Distriparks Ltd B) Unlisted Total Collateralised Borrowing & Lending Obligation (CBLO) * Net Receivable/(payable) Grand Total * Cash & cash Equivalents ^Portfolio Turnover Ratio (Last one year): 21.04% Telecom - Services Transportation 116,601 88,653 NIL 335.34 123.01 NIL 18,594.55 3,834.15 74.94 22,503.64 1.49 0.55 NIL 82.64 17.04 0.32 100.00

Mr. Atul Kumar is the fund manager of Quantum Long Term Equity Fund and Quantum Tax Saving Fund Performance as on December 31, 2013
Dec 31, 2012 to Dec 31, 2013

Quantum Long Term Equity Fund

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011

Absolute Returns (%) Quantum Long Term Equity Fund (Growth Option) Scheme Benchmark (S&P BSE 30 TRI) Additional Benchmark - (S&P BSE Sensex) 9.16% 10.70% 8.98%

Absolute Returns (%) 31.21% 27.99% 25.70%

Absolute Returns (%) -20.16% -23.64% -24.64% Beta: 0.70

Since Inception** Current value of standard CAGR investment of ` 10,000/- (INR) Returns (%) 13.77% 27,400 10.58% 8.99% 21,936 19,596

^Quantitative data as on 31 December, 2013

Standard Deviation: 20.25%

Sharpe Ratio: 0.74

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - March 13, 2006. Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer below for Definitions.

Performance as on December 31, 2013

Dec 31, 2012 to Dec 31, 2013

Quantum Tax Saving Fund

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011

Absolute Returns (%) Quantum Tax Saving Fund (Growth Option) Scheme Benchmark (S & P BSE 30 TRI) Additional Benchmark - (S & P BSE Sensex) 8.89% 10.70% 8.98%

Absolute Returns (%) 31.36% 27.99% 25.70%

Absolute Returns (%) -20.92% -23.64% -24.64% Beta: 0.65

Since Inception** Current value of standard CAGR investment of ` 10,000/- (INR) Returns (%) 21.92% 27,080 18.56% 16.83% 23,532 21,855

^Quantitative data as on 31 December, 2013

Standard Deviation: 15.85%

Sharpe Ratio: 1.53

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - December 23, 2008.Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer below for Definitions.

N.A.* *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.

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

Quantum Mutual Fund

Quantum Long Term Equity Fund

An Open ended Equity Scheme
As on February 28, 2014

Fund Size as on February 2014

*Average AuM ( ` in Crores) #Absolute AuM ( ` in Crores) Growth Option Dividend Option Total 197.42 19.11 216.53 205.23 19.81 225.04

Sector Allocation (% of Net Assets) as on

0% Auto Software Banks Construction Project Finance Gas Transportation Power Hotels Cement Oil Chemicals Petroleum Products Industrial Capital Goods Industrial Products Ferrous Metals Auto Ancillaries Telecom - Services 2% 4% 6% 8% 10%

February 28, 2014

12% 14% 12.59% 16% 18% 20%

8.52% 7.78% 5.94% 5.61% 4.92% 4.69% 4.43% 3.86% 3.63% 3.62% 3.25% 3.06% 2.87% 2.16% 2.12% 2.10% 1.49%

*Cumulative Daily AuM /No of days in the month #AuM as on February 28, 2014

Brokerage & Commissions Paid

Brokerages Paid for investments for February 2014 Distributor Commissions Paid till date ` 12,509.53 NIL

The indicative Asset Allocation

Instruments Listed Equity & Equity Related Securities of Companies Unlisted Equity & Equity Related Securities of Companies Money Market Instruments Liquid Schemes of Mutual Funds Normal Allocation (% to Net Asset) 95% - 99% 0% - 3% 1% - 5% 0% - 5% Minimum Allocation (% to Net Asset) 65% 0% 1% 0% Maximum Allocation (% to Net Asset) 99% 5% 35% 5% Risk Profile High High Low Low

The Scheme may seek investment opportunity in the ADR/GDR and Foreign Securities (maximum 10% of Net Assets) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 5% of Net Assets) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996.

^^ Note: Investors are requested to note that BSE and S&P Dow Jones Indices have announced a strategic partnership on February 19, 2013 and accordingly each of the BSE Indices are now co-branded "S&P". ^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.

Quantum Mutual Fund

Quantum Liquid Fund

An Open ended Liquid Scheme
As on February 28, 2014

Weighted Average Maturity as on February 28, 2014

Nature of Scheme Investment Objective Open-ended Liquid Scheme 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. Fund Manager Mr. Murthy Nagarajan (Since November 1, 2013) Fund Manager Total Experience 20 yrs. Inception Date (Date of Allotment) April 7, 2006 Current Expense Ratio 0.45% Investment Options Growth, Daily Dividend Reinvestment & Monthly Dividend Payout. Minimum Application Amount Growth Option - ` 5,000/-and in multiples of `1/- thereafter. (Under each Option) Monthly Dividend Payout Option - ` 10,000/-and in multiples of ` 1/thereafter. Daily Dividend Reinvestment Option - `1,00,000/- and in multiples of ` 1/thereafter. Additional Investment - ` 500/- and in multiples of ` 1/- thereafter/50 units. Net Asset Value (NAV) Every Business Day Benchmark Index Crisil Liquid Fund Index At the end of the month 29 Days Average during the month 26 Days Modified Duration 27 Days

NAV

February 28, 2014

( `/Unit)
17.9187 10.0104 10.0047

Growth Option Monthly Dividend Payout Option Daily Dividend Reinvestment Option

PRODUCT LABEL Name of the Scheme Quantum Liquid Fund (An Open- ended Liquid Scheme) This product is suitable for investors who are seeking* . Income over the short term . Investments in debt / money market instruments. . Low Risk (BLUE)

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

Portfolio as on February 28, 2014

Name of Instrument DEBT INSTRUEMENTS A) Listed/awaiting listing on Stock Exchanges Non-Convertible debentures / Bonds 7.20% RECL Ltd NCD (MD 17/03/2014) B) Privately Placed/Unlisted Non Convertible Debenture/ Bonds C) Securitized Debt Instruments Total of Debt instruments MONEY MARKET INSTRUEMENTS Certificate of Deposits Bank of Baroda CD (MD 03/03/2014) Bank of Baroda CD (MD 06/03/2014) ICICI Bank Ltd CD (MD 07/03/2014) Axis Bank Ltd CD (MD 19/03/2014) Allahabad Bank CD (MD 20/03/2014) IDBI Bank Ltd CD (MD 13/05/2014) Corporation Bank CD (MD 19/05/2014) Corporation Bank CD (MD 22/05/2014) Total Treasury Bills (T-bill) 91Days Tbill (MD 20/03/2014) Total Collateralised Borrowing & Lending Obligation (CBLO) * Total of Money Market Instruments Net Receivable / (Payable) Grand Total Rating Duration in Days Market value in Lakhs % to Net Asset

CRISIL AAA

60

499.58 NIL NIL 499.58

9.25 NIL NIL 9.25

ICRA A1+ ICRA A1+ ICRA A1+ CRISIL A1+ ICRA A1+ CRISIL A1+ CRISIL A1+ CRISIL A1+

39 70 49 78 58 84 90 86

499.77 499.43 499.31 497.88 497.77 490.33 489.58 489.20 3,963.27

9.26 9.25 9.25 9.22 9.22 9.08 9.07 9.06 73.41 0.92 0.92 16.07 90.40 0.35 100.00

Sovereign

91

49.78 49.78 867.43 4,880.48 18.79 5,398.85

Quantum Mutual Fund

Quantum Liquid Fund

An Open ended Liquid Scheme
As on February 28, 2014
* Cash & cash Equivalents

Mr. Murthy Nagarajan is the fund manager of Quantum Liquid Fund. Performance as on December 31, 2013 Quantum Liquid Fund
Quantum Liquid Fund (Growth Option)
7 days # 15 days # 30 days # Dec 31, 2012 to Dec 31, 2013 ## Dec 30, 2011 to Dec 31, 2012 ## Dec 31, 2010 to Dec 31, 2011 ## Since Inception** CAGR Returns (%) Current value of standard investment of Rs. 10,000/-(INR) 8.60% 8.44% 8.62% 8.76% 9.20% 8.72% 7.64% 17,682

Scheme Benchmark (Crisil Liquid Fund Index)

6.40% 8.06% 8.95% 9.03% 8.54% 8.15% 7.21% 17,146

Additional Benchmark (Crisil 1 year T-Bill index)

9.04% 8.57% 6.83% 5.86% 8.11% 6.42% 5.67% 15,330

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - April 7, 2006 Since inception returns are calculated on NAV of `10 invested at inception. # Simple Annualised Yield. ## Absolute Returns.

Dividend History - Monthly Dividend payout option

Record Date N.A.* *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. Net Dividend per unit (`) (Post Dividend Distribution Tax) Individual Non Individual

26-Dec-13 0.05886868 0.05637976 26-Jan-14 0.05732873 0.05490491 25-Feb-14 0.05030270 0.04817594 After payment of dividend the NAV will fall to the extent of dividend payout and statutory levy , if any (Unit face Value Rs.10/-).

Exit Load
NIL

Brokerage & Commissions Paid

Brokerages Paid for investments for February 2014 Distributor Commissions Paid till date ` 1,500.00 NIL

Fund Size as on February 2014

*Average AuM ( ` in Crores) Growth Option Daily Dividend Reinvestment Option Monthly Dividend Payout Option Total 35.88 17.20 3.07 56.16 #Absolute AuM ( ` in Crores) 35.59 15.35 3.05 53.99

Asset Allocation (% of Net Assets) as on February 28, 2014

Govt. Securities 0.92 % Financial Services 9.25 % CBLO & Net Receivable / (Payable) 16.42 %

*Cumulative Daily AuM /No of days in the month #AuM as on February 28, 2014

Banks 73.41 %

CBLO & Net Receivable / (Payable) Govt. Securities

Banks

Financial Services

Quantum Mutual Fund

Quantum Liquid Fund

An Open ended Liquid Scheme
As on February 28, 2014

The indicative Asset Allocation

Instruments Money Market Instruments and other short term debt instruments (*) having maximum re-pricing tenor of not more than 91 days in maturity (**) Indicative allocations (% of total assets) Risk Profile

100%

Low to Medium

(*) Debt instruments may include investments in securitised debt instruments upto 40% of the Net Assets of the Scheme. (**) Maximum re-pricing tenor of 91 days would be reckoned as under: i. For a fixed rate asset, the remaining tenor is 91 days or less. ii. For a floating rate asset, the interest reset frequency is 91 days or less. iii. For a fixed rate/floating rate asset where the principal is paid in a staggered and/or on amortizing basis (e.g. securitized papers), the average maturity of such an asset is 91 days or less. iv. For a portfolio using Interest Rate Derivatives, a) the composite floating rate asset (underlying fixed rate asset and Interest Rate Swap, paying fixed and receiving floating) has interest reset frequency up to 91 days. b) If Interest Rate Swaps (receiving fixed and paying floating), have been used to convert a floating rate asset into a fixed rate asset, the fixed leg of the Interest Rate Swap having remaining tenor upto 91 days. c) For a portfolio using Forward Rate Agreements, the summation of the beginning and end dates of the period covered is 91 days or less.

Quantum Mutual Fund

Quantum Gold Fund

An Open ended Exchange Traded Fund - Gold
As on February 28, 2014

Gold
Nature of Scheme Investment Objective

No. of Bars

1KG Bar (0.995 fineness) 209 Open ended Exchange Traded Fund - Gold 100 Gram Bar (0.995 fineness) 39 The Investment Objective of the Scheme is to generate returns that are in line with the performance of 100 Gram Bar (0.999 fineness) 6 gold and gold related instruments subject to tracking errors. However, investment in gold related instruments will be made if NAV February 28, 2014 and when SEBI permits mutual funds to invest, in gold related instruments. The Scheme is designed to provide returns that before ( ` /Unit) expenses, closely correspond to the returns provided by gold. Growth Option 1377.7370 Fund Manager Mr. Chirag Mehta (Since May 01, 2009) Fund Manager Total Experience 9 yrs. Inception Date (Date of Allotment) February 22, 2008 Current Expense Ratio 1.00% Investment Options Growth Minimum Application Amount Directly with Fund: The investors can create / redeem in exchange of Portfolio (Under each Option) Deposit or Cash and Cash Component in creation unit size at NAV based Price. On the Exchange:Approx equal to price of 1/2 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. Net Asset Value (NAV) Every Business Day Benchmark Index Domestic Price of Physical Gold

PRODUCT LABEL Name of the Scheme Quantum Gold Fund (An Open-ended Exchange Traded FundGold) This product is suitable for investors who are seeking* . Long term returns . Investments in physical gold. . High Risk (BROWN)

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

Portfolio as on February 28, 2014

Name of Instrument GOLD A) 1 KG Bar (0.995 fineness) B) 100 Gram Bar (0.995 fineness) C) 100 Gram Bar (0.999 fineness) Total Collateralised Borrowing & Lending Obligation (CBLO) * Net Receivable/(payable) Grand Total * Cash & cash Equivalents ^Portfolio Turnover Ratio (Last one year): 6.04% Market value in Lakhs 6,183.23 115.39 17.82 6,316.44 3.90 -5.30 6,315.04 % to Net Asset 97.91 1.83 0.28 100.02 0.06 -0.08 100.00

Mr. Chirag Mehta is the fund manager of Quantum Gold Fund, Quantum Gold Savings Fund, Quantum Multi Asset Fund and Quantum Equity Fund of Funds. Performance as on December 31, 2013
Dec 31, 2012 to Dec 31, 2013

Quantum Gold Fund

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011 Since Inception**

Absolute Returns (%)

Quantum Gold Fund (Growth Option) Scheme Benchmark (Domestic price of physical Gold)

Absolute Returns (%) 10.96% 12.08%

Absolute Returns (%) 30.89% 32.18%

-14.02% -13.19%

CAGR Returns (%) 13.53% 14.07%

Current value of standard investment of ` 10,000/- (INR) 21,039 21,638

Absolute Since Inception: 0.017% Annualised Since Inception: 0.276% ^Tracking Error as on December 31, 2013 Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - February 22, 2008 Since inception returns are calculated on NAV of ` 100 invested at inception. ^ Please refer below for definitions

Quantum Mutual Fund

Quantum Gold Fund

An Open ended Exchange Traded Fund - Gold
As on February 28, 2014

Performance as on December 31, 2013

Quantum Gold Savings Fund

Dec 30, 2011 to Dec 31, 2012 Since Inception**

Dec 31, 2012 to Dec 31, 2013

Absolute Returns (%)

Quantum Gold Savings Fund (Growth Option) Scheme Benchmark - (Domestic price of Gold)

Absolute Returns (%) 11.58% 12.08%

-5.37% -13.19%

CAGR Returns (%) 10.16% 7.69%

Current value of standard investment of ` 10,000/- (INR) 12,892 12,147

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - May 19 , 2011 Since inception returns are calculated on NAV of `10 invested at inception.

Performance as on December 31, 2013

Quantum Multi Asset Fund

Dec 31, 2012 to Dec 31, 2013 Since Inception**

Absolute Returns (%)

Quantum Multi Asset Fund (Growth Option)

6.64%

CAGR Returns (%) 9.45%

Current value of standard investment of ` 10,000/- (INR) 11,426

Scheme Benchmark - [CRISIL Composite Bond Fund Index (40%) + Sensex Total Return Index (40%) + Domestic price of Gold (20%)]

3.16%

7.19%

10,719

^Quantitative data as on 31 December, 2013

Standard Deviation: 5.95%

Beta:

0.48

Sharpe Ratio: 0.92

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - July 11, 2012 Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer below for Definitions

Performance as on December 31, 2013

Dec 31, 2012 to Dec 31, 2013

Quantum Equity Fund of Funds

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011

Absolute Returns (%) Quantum Equity Fund of Funds (Growth Option) Scheme Benchmark (S&P BSE 200 Index) Additional Benchmark - (S&P BSE Sensex) 4.03% 4.38% 8.98%

Absolute Returns (%) 32.77% 30.98% 25.70%

Absolute Returns (%) -23.67% -26.95% -24.64% Beta: 0.85

Since Inception** Current value of standard CAGR investment of ` 10,000/- (INR) Returns (%) 10.88% 15,841 7.30% 7.74% 13,690 13,936

^Quantitative data as on 31 December, 2013

Standard Deviation: 15.05%

Sharpe Ratio: 0.53

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - July 20, 2009 Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer below for Definitions

Exit Load
N.A.* *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 NIL (retail investor can exit the scheme only through secondary market)

10

Quantum Mutual Fund

Quantum Gold Fund

An Open ended Exchange Traded Fund - Gold
As on February 28, 2014

Asset Allocation (% of Net Assets) as on February 28, 2014

Fund Size as on February 2014

Growth Option *Average AuM ( ` in Crores) #Absolute AuM ( ` in Crores) 61.86 63.15

*Cumulative Daily AuM /No of days in the month #AuM as on February 28, 2014

Brokerage & Commissions Paid

Brokerages Paid for investments for February 2014 Distributor Commissions Paid till date NIL NIL

The indicative Asset Allocation

Instruments Indicative allocations (% of total assets) Minimum Physical Gold 90% Maximum 100%* Risk Profile High/Medium/Low Medium to High

Money Market instruments, Short-term Corporate debt securities, CBLO and units of Debt and Liquid Schemes of 0% 10% Low Mutual Funds * As the scheme invests 90% to 100% of the net assets into Gold, the scheme will, by and large, be passively managed fund. However, if and when permitted under SEBI regulations, the scheme may invest in gold related securities including derivatives.

^Definitions . 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. Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year. Tracking Error is a measure of how closely a fund follows the index to which it is benchmarked. The more passively the fund is managed, the smaller the tracking error. In the case of Exchange Traded Funds, the lower the Tracking Error, the better. Standard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability. 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.

11

Quantum Mutual Fund

Quantum Index Fund

An Open ended Exchange Traded Fund
As on February 28, 2014

February 28, 2014

Nature of Scheme Investment Objective Open-ended Exchange Traded Fund The investment objective of the scheme is to invest in stocks of companies comprising 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 CNX Nifty Index^^ with the intention of minimizing the performance differences between the scheme and the CNX Nifty Index^^ in capital terms, subject to market liquidity, costs of trading, managing expenses and other factors which may cause tracking error. Mr. Hitendra Parekh (Since June 09,2008) 21 yrs. July 10, 2008 0.50% Growth 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 thereof. The units of QIF issued under the scheme will be approximately equal to the price of 1/10 (one-tenth) of the CNX Nifty Index^^. Every Business Day CNX Nifty TRI Index^^ (Change w.e.f. October 3, 2011)

Growth Option

652.8321

Fund Manager Fund Manager Total Experience Inception Date (Date of Allotment) Current Expense Ratio Investment Options Minimum Application Amount (Under each Option)

Net Asset Value (NAV) Benchmark Index

PRODUCT LABEL Name of the Scheme This product is suitable for investors who are seeking*

. Long term capital appreciation Quantum Index Fund (An Open- ended Exchange Traded Fund) . Investments in equity and equity related securities of companies in CNX Nifty Index. . High Risk (BROWN) * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

Portfolio as on February 28, 2014

Name of Instrument EQUITY & EQUITY RELATED A) Listed /Awaiting listing on the Stock Exchange Infosys Ltd ITC Ltd Reliance Industries Ltd Housing Development Finance Corporation Ltd HDFC Bank Ltd ICICI Bank Ltd Tata Consultancy Services Ltd Larsen & Toubro Ltd Tata Motors Ltd Oil & Natural Gas Corporation Ltd Sun Pharmaceuticals Industries Ltd Mahindra & Mahindra Ltd State Bank of India HCL Technologies Ltd Axis Bank Ltd Wipro Ltd Hindustan Unilever Ltd Dr. Reddy's Laboratories Ltd Bharti Airtel Ltd Bajaj Auto Ltd Kotak Mahindra Bank Ltd Lupin Ltd NTPC Ltd Tata Steel Ltd Hero MotoCorp Ltd Industry Quantity Market value in Lakhs % to Net Asset

Software Consumer Non Durables Petroleum Products Finance Banks Banks Software Construction Project Auto Oil Pharmaceuticals Auto Banks Software Banks Software Consumer Non Durables Pharmaceuticals Telecom - Services Auto Banks Pharmaceuticals Power Ferrous Metals Auto

505 5,796 1,723 1,632 1,941 1,212 536 855 1,886 1,854 788 486 298 281 327 688 742 134 1,245 141 401 252 2,178 704 119

19.32 18.99 13.78 13.37 13.00 12.65 12.20 9.49 7.86 5.40 5.08 4.74 4.57 4.43 4.14 4.11 4.08 3.88 3.58 2.74 2.74 2.51 2.45 2.42 2.34

8.93 8.78 6.37 6.18 6.01 5.85 5.64 4.39 3.63 2.50 2.35 2.19 2.11 2.05 1.91 1.90 1.89 1.79 1.65 1.27 1.27 1.16 1.13 1.12 1.08

12

Quantum Mutual Fund

Quantum Index Fund

An Open ended Exchange Traded Fund
As on February 28, 2014
Name of Instrument Sesa Sterlite Ltd Asian Paints Ltd Maruti Suzuki India Ltd Power Grid Corporation of India Ltd Cipla Ltd Cairn India Ltd Ultratech Cement Ltd Indusind Bank Ltd GAIL (India) Ltd Grasim Industries Ltd Coal India Ltd Hindalco Industries Ltd Bharat Heavy Electricals Ltd Ambuja Cements Ltd Tata Power Company Ltd IDFC Ltd. Bank of Baroda ACC Ltd NMDC Ltd Bharat Petroleum Corporation Ltd Jindal Steel & Power Ltd Punjab National Bank DLF Ltd Ranbaxy Laboratories Ltd Jaiprakash Associates Ltd B) Unlisted Total Collateralised Borrowing & Lending Obligation (CBLO) * Net Receivable/(payable) Grand Total * Cash & cash Equivalents ^Portfolio Turnover Ratio (Last one year): 7.44% Industry Minerals/Mining Consumer Non Durables Auto Power Pharmaceuticals Oil Cement Banks Gas Cement Minerals/Mining Non - Ferrous Metals Industrial Capital Goods Cement Power Finance Banks Cement Minerals/Mining Petroleum Products Ferrous Metals Banks Construction Pharmaceuticals Construction Quantity 1,305 478 139 2,233 537 624 108 449 474 67 668 1,359 835 807 1,693 1,306 198 98 838 274 388 158 471 163 1,287 NIL Market value in Lakhs 2.32 2.26 2.21 2.11 2.06 2.02 1.99 1.78 1.76 1.70 1.63 1.43 1.40 1.36 1.33 1.23 1.09 1.08 1.07 1.04 0.93 0.87 0.66 0.60 0.54 NIL 216.34 NIL 0.05 216.39 % to Net Asset 1.07 1.04 1.02 0.98 0.95 0.93 0.92 0.82 0.81 0.79 0.75 0.66 0.65 0.63 0.61 0.57 0.50 0.50 0.49 0.48 0.43 0.40 0.31 0.28 0.25 NIL 99.99 NIL 0.01 100.00

Performance as on December 31, 2013

Dec 31, 2012 to Dec 31, 2013

Quantum Index Fund

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011 Since Inception**

Absolute Returns (%)

Quantum Index Fund (Growth Option) Scheme Benchmark - (CNX Nifty-Total Return Index) Additional Benchmark (S&P BSE Sensex)

Absolute Returns (%) 29.15% 29.43% 25.70%

Absolute Returns (%) -23.91% -23.81% -24.64%

7.84% 8.07% 8.98%

CAGR Returns (%) 9.34% 9.13% 7.94%

Current value of standard investment of ` 10,000/- (INR) 16,317 16,147 15,202

^Tracking Error as on 31 December, 2013

Absolute Since Inception: 0.014%

Annualised Since Inception: 0.227%

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - July 10, 2008 Since inception returns are calculated on NAV of `10 invested at inception. ^ Please refer below for Definitions

13

Quantum Mutual Fund

Quantum Index Fund

An Open ended Exchange Traded Fund
As on February 28, 2014

Sector Allocation (% of Net Assets) as on February 28, 2014

0% 5% 10% 15% 20% 18.87% 18.52% 11.71% 9.19% 6.85% 6.75% 6.53% 4.39% 3.43% 2.84% 2.72% 2.31% 1.65% 1.55% 0.81% 0.66% 0.65% 0.56% 25%

N.A.* *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.

NIL (retail Investor can exit the scheme only through secondary market)

Banks Software Consumer Non Durables Auto Petroleum Products Finance Pharmaceuticals Construction Project Oil Cement Power Minerals/Mining Telecom - Services Ferrous Metals Gas Non - Ferrous Metals Industrial Capital Goods Construction

Fund Size as on February 2014

*Average AuM ( ` in Crores) #Absolute AuM ( ` in Crores) Growth Option 2.10 2.16

Brokerage & Commissions Paid

Brokerages Paid for investments for February 2014 Distributor Commissions Paid till date ` 85.93 NIL

*Cumulative Daily AuM /No of days in the month #AuM as on February 28, 2014

The indicative Asset Allocation

Securities Covered Indicative allocations (% of total assets) Minimum Securities covered by the CNX Nifty Index^^ Money Market Instruments, other short term debt instruments as permitted under SEBI (Mutual Funds) Regulations, 1996 and Liquid Schemes of Mutual Funds 90% Maximum 100% Risk Profile High/Medium/Low High

0%

10%

Low

Investments in securitized debt instruments can be made by the scheme up to 5% of the total net assets of the Scheme. ^^ Note: Erstwhile known as S&P CNX Nifty TRI Index, the said nomenclature has been changed as the Licensing and Marketing Agreement executed between India Index Services & Products Limited (IISL) and Standard and Poors Financial Services LLC (S&P) has expired, with effect from 31st January 2013. ^Definitions . Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year. Tracking Error is a measure of how closely a fund follows the index to which it is benchmarked. The more passively the fund is managed, the smaller the tracking error. In the case of Exchange Traded Funds, the lower the Tracking Error, the better.

14

Quantum Mutual Fund

Quantum Tax Saving Fund

An open ended Equity Linked Saving Scheme with a lock-in period of three years
As on February 28, 2014

February 28, 2014

Open-ended Equity Linked Savings Scheme with a lock-in period of 3 years The investment objective of the Scheme is to achieve Investment Objective long-term capital appreciation by investing primarily in shares of companies that will typically be included in the S&P BSE 200 Index^^ and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets. Mr. Atul Kumar (Since December 10, 2008) Fund Manager Fund Manager Total Experience 14 yrs. Inception Date (Date of Allotment) December 23, 2008 1.25% Current Expense Ratio Growth & Dividend (Dividend Option will in turn have two Facilities, Investment Options Dividend Payout Facility and Dividend Re-investment Facility) Minimum Application Amount ` 500/- and in multiples of `500/- thereafter, Additional Investment would be (Under each Option) `500/- and in multiples of `500/- thereafter. 3 years from the date of allotment of the respective Units Lock-in Period Every Business Day Net Asset Value (NAV) S&P BSE 30 Total Return Index^^ Benchmark Index Nature of Scheme

Growth Option Dividend Option

27.00 27.00

PRODUCT LABEL Name of the Scheme Quantum Tax Saving Fund (An Open- ended Equity Linked Savings Scheme) This product is suitable for investors who are seeking* . Long term capital appreciation . Investments in equity and equity related securities of companies in S&P BSE 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. . High Risk (BROWN)

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

Portfolio as on
Name of Instrument

February 28, 2014

Industry Quantity Market value in Lakhs % to Net Asset

EQUITY & EQUITY RELATED A) Listed /Awaiting listing on the Stock Exchange Housing Development Finance Corporation Ltd Bajaj Auto Ltd Infosys Ltd Maruti Suzuki India Ltd Container Corporation of India Ltd The Indian Hotels Company Ltd Tata Consultancy Services Ltd ACC Ltd Oil & Natural Gas Corporation Ltd Voltas Ltd ING Vysya Bank Ltd Tata Chemicals Ltd State Bank of India Hero MotoCorp Ltd GAIL (India) Ltd NTPC Ltd Crompton Greaves Ltd Indian Oil Corporation Ltd Larsen & Toubro Ltd Axis Bank Ltd Cummins India Ltd Exide Industries Ltd Petronet LNG Ltd PTC India Ltd Bharti Airtel Ltd

Finance Auto Software Auto Transportation Hotels Software Cement Oil Construction Project Banks Chemicals Banks Auto Gas Power Industrial Capital Goods Petroleum Products Construction Project Banks Industrial Products Auto Ancillaries Gas Power Telecom - Services

11,229 4,310 2,077 4,410 8,787 88,087 2,599 5,345 20,197 43,895 9,880 19,797 3,427 2,665 14,081 41,796 36,152 17,526 3,409 2,913 6,810 30,937 27,712 52,147 10,213

92.00 83.89 79.44 70.07 67.12 60.96 59.15 59.06 58.84 58.56 53.96 53.03 52.54 52.42 52.21 46.98 46.46 43.53 37.83 36.91 34.42 34.26 33.55 32.44 29.37

5.54 5.05 4.78 4.22 4.04 3.67 3.56 3.56 3.54 3.53 3.25 3.19 3.16 3.16 3.14 2.83 2.80 2.62 2.28 2.22 2.07 2.06 2.02 1.95 1.77

15

Quantum Mutual Fund

Quantum Tax Saving Fund

An open ended Equity Linked Saving Scheme with a lock-in period of three years
As on February 28, 2014
Tata Steel Ltd Gateway Distriparks Ltd B) Unlisted Total Collateralised Borrowing & Lending Obligation (CBLO) * Net Receivable/(Payable) Grand Total * Cash & cash Equivalents ^Portfolio Turnover Ratio (Last one year): 19.6% Ferrous Metals Transportation 8,459 3,836 NIL 29.08 5.32 NIL 1363.40 291.37 6.15 1660.92 1.75 0.32 NIL 82.08 17.54 0.38 100.00

Mr. Atul Kumar is the fund manager of Quantum Tax Saving Fund and Quantum Long Term Equity Fund Performance as on December 31, 2013
Dec 31, 2012 to Dec 31, 2013

Quantum Tax Saving Fund

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011

Absolute Returns (%) 8.89% Quantum Tax Saving Fund (Growth Option) 10.70% Scheme Benchmark (S & P BSE 30 TRI) 8.98% Additional Benchmark - (S & P BSE Sensex) ^Quantitative data as on 31 December, 2013

Absolute Returns (%) 31.36% 27.99% 25.70%

Absolute Returns (%) -20.92% -23.64% -24.64% Beta: 0.65

Since Inception** Current value of standard CAGR investment of ` `10,000/- (INR) Returns (%) 21.92% 27,080 18.56% 16.83% 23,532 21,855

Standard Deviation: 15.85%

Sharpe Ratio: 1.53

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - December 23, 2008 Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer Below for Definitions.

Performance as on December 31, 2013

Dec 31, 2012 to Dec 31, 2013

Quantum Long Term Equity Fund

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011

Absolute Returns (%) Quantum Long Term Equity Fund (Growth Option) Scheme Benchmark (S&P BSE 30 TRI) Additional Benchmark - (S&P BSE Sensex) 9.16% 10.70% 8.98%

Absolute Returns (%) 31.21% 27.99% 25.70%

Absolute Returns (%) -20.16% -23.64% -24.64% Beta: 0.70

Since Inception** Current value of standard CAGR investment of ` 10,000/- (INR) Returns (%) 13.77% 27,400 10.58% 8.99% 21,936 19,596

^Quantitative data as on 31 December, 2013

Standard Deviation: 20.25%

Sharpe Ratio: 0.74

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - March 13, 2006. Since inception returns are calculated on NAV of ` 10 invested at inception. Mr. Nilesh Shetty is Associate Fund Manager. ^ Please refer Below for Definitions.

Sector Allocation (% of Net Assets) as on February 28, 2014

0% Auto Banks Software Construction Project Finance Gas Power Transportation Hotels Cement Oil Chemicals Industrial Capital Goods Petroleum Products Industrial Products Auto Ancillaries Telecom - Services Ferrous Metals 2% 4% 6% 8% 10% 12% 14% 12.43% 8.63% 8.34% 5.81% 5.54% 5.16% 4.78% 4.36% 3.67% 3.56% 3.54% 3.19% 2.80% 2.62% 2.07% 2.06% 1.77% 1.75% 16% 18% 20%

N.A.* *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.

NIL

16

Quantum Mutual Fund

Quantum Tax Saving Fund

An open ended Equity Linked Saving Scheme with a lock-in period of three years
As on February 28, 2014

Fund Size as on February 2014

*Average AuM ( ` in Crores) Growth Option 13.03 Dividend Option 2.96 Total 15.99 *Cumulative Daily AuM /No of days in the month #AuM as on February 28, 2014 #Absolute AuM ( ` in Crores) 13.55 3.06 16.61

Brokerage & Commissions Paid

Brokerages Paid for investments for February 2014 Distributor Commissions Paid till date ` 910.95 NIL

The indicative Asset Allocation

Instruments Equity & Equity - related securities* Debt & Money Market Instruments Indicative allocations (% of total assets) Minimum 80% 0% Maximum 100% 20% Risk Profile High/Medium/Low High Low to Medium

In accordance with the ELSS, investments by the Scheme in equity and equity related Securities will not fall below 80% of the net assets of the Scheme. *Equity related Securities shall mean all those instruments which are permitted as per ELSS Guidelines from time to time and shall include equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies. Investment may also be made in partly convertible issues of debentures and bonds including those issued on rights basis subject to the condition that, as far as possible, the non-convertible portion of the debentures so acquired or subscribed, shall be disinvested within a period of 12 (twelve) months.

^^ Note: Investors are requested to note that BSE and S&P Dow Jones Indices have announced a strategic partnership on February 19, 2013 and accordingly each of the BSE Indices are now co-branded "S&P". ^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.

17

Quantum Mutual Fund

Quantum Equity Fund of Funds

An open ended Equity Fund of Funds Scheme
As on February 28, 2014

February 28, 2014

Nature of Scheme Investment Objective Open-ended Equity Fund of Funds Scheme 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.Chirag Mehta (Since November 1, 2013) Fund Manager Total Experience 9 yrs. Inception Date (Date of Allotment) July 20, 2009 Current Expense Ratio 0.50% Investment Options Growth & Dividend (Dividend Option will in turn have two Facilities, Dividend Payout Facility and Dividend Re-investment Facility) Minimum Application Amount ` 500/- and in multiples of `1/- thereafter, Additional Investment would be (Under each Option) ` 500/- and in multiples of `1/- thereafter / 50 units. Net Asset Value (NAV) Every Business Day Benchmark Index S&P BSE 200 Index^^

Growth Option Dividend Option

15.612 15.612

PRODUCT LABEL Name of the Scheme Quantum Equity Fund of Funds (An Open-ended Equity Fund of Funds Scheme) This product is suitable for investors who are seeking* . 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. . High Risk (BROWN)

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

Portfolio as on February 28, 2014

Name of Instrument MUTUAL FUND UNITS HDFC Top 200 Fund -Direct Plan - Growth Option Birla Sun Life Frontline Equity Fund - Growth - Direct Plan HDFC Equity Fund -Direct Plan - Growth Option DSP BlackRock Equity Fund - Direct Plan - Growth Canara Robeco Equity Diversified-Direct Plan -Growth Option Sundaram Select Mid Cap - Direct Plan - Growth Option Total Collateralised Borrowing & Lending Obligation (CBLO) * Net Receivable/(payable) Grand Total * Cash & cash Equivalents ^Portfolio Turnover Ratio (Last one year): 5.07% 21,223 44,324 15,581 267,000 71,434 22,543 49.32 48.13 47.57 47.12 46.83 39.71 278.68 4.13 -0.10 282.71 17.45 17.02 16.83 16.67 16.56 14.05 98.58 1.46 -0.04 100.00 Quantity Market value in Lakhs % to Net Asset

18

Quantum Mutual Fund

Quantum Equity Fund of Funds

An open ended Equity Fund of Funds Scheme
As on February 28, 2014

Mr. Chirag Mehta is the fund manager of Quantum Equity Fund of Funds, Quantum Gold Fund, Quantum Gold Savings Fund and Quantum Multi Asset Fund. Performance as on December 31, 2013
Dec 31, 2012 to Dec 31, 2013

Quantum Equity Fund of Funds

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011

Absolute Returns (%) Quantum Equity Fund of Funds (Growth Option) Scheme Benchmark (S&P BSE 200 Index) Additional Benchmark - (S&P BSE Sensex) 4.03% 4.38% 8.98%

Absolute Returns (%) 32.77% 30.98% 25.70%

Absolute Returns (%) -23.67% -26.95% -24.64% Beta: 0.85

Since Inception** Current value of standard CAGR investment of ` 10,000/- (INR) Returns (%) 10.88% 15,841 7.30% 7.74% 13,690 13,936

^Quantitative data as on 31 December, 2013

Standard Deviation: 15.05%

Sharpe Ratio: 0.53

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - July 20, 2009 Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer below for Definitions

Performance as on December 31, 2013

Dec 31, 2012 to Dec 31, 2013

Quantum Gold Fund

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011 Since Inception**

Absolute Returns (%)

Quantum Gold Fund (Growth Option) Scheme Benchmark (Domestic price of physical Gold)

Absolute Returns (%) 10.96% 12.08%

Absolute Returns (%) 30.89% 32.18%

-14.02% -13.19%

CAGR Returns (%) 13.53% 14.07%

Current value of standard investment of ` 10,000/- (INR) 21,039 21,638

Absolute Since Inception: 0.017% Annualised Since Inception: 0.276% ^Tracking Error as on December 31, 2013 Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - February 22, 2008 Since inception returns are calculated on NAV of ` 100 invested at inception. ^ Please refer below for definitions

Performance as on December 31, 2013

Quantum Gold Savings Fund

Dec 30, 2011 to Dec 31, 2012 Since Inception**

Dec 31, 2012 to Dec 31, 2013

Absolute Returns (%)

Quantum Gold Savings Fund (Growth Option) Scheme Benchmark - (Domestic price of Gold)

Absolute Returns (%) 11.58% 12.08%

-5.37% -13.19%

CAGR Returns (%) 10.16% 7.69%

Current value of standard investment of ` 10,000/- (INR) 12,892 12,147

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - May 19 , 2011 Since inception returns are calculated on NAV of `10 invested at inception.

Performance as on December 31, 2013

Quantum Multi Asset Fund

Dec 31, 2012 to Dec 31, 2013 Since Inception**

Absolute Returns (%)

Quantum Multi Asset Fund (Growth Option)

6.64%

CAGR Returns (%) 9.45%

Current value of standard investment of ` 10,000/- (INR) 11,426

Scheme Benchmark - [CRISIL Composite Bond Fund Index (40%) + Sensex Total Return Index (40%) + Domestic price of Gold (20%)]

3.16%

7.19%

10,719

^Quantitative data as on 31 December, 2013

Standard Deviation: 5.95%

Beta:

0.48

Sharpe Ratio: 0.92

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - July 11, 2012 Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer below for Definitions

19

Quantum Mutual Fund

Quantum Equity Fund of Funds

An open ended Equity Fund of Funds Scheme
As on February 28, 2014

Fund Size as on February 2014

N.A.* *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. *Average AuM ( ` in Crores) #Absolute AuM ( ` in Crores) Growth Option Dividend Option Total 2.48 0.26 2.74 2.56 0.27 2.83

*Cumulative Daily AuM /No of days in the month #AuM as on February 28, 2014

Exit Load
Repurchase/ Redemption/ Switch Out - within 1 year from the date of allotment 1.5 %.

Brokerage & Commissions Paid

Brokerages Paid for investments for February 2014 Distributor Commissions Paid till date NIL NIL

The indicative Asset Allocation

Instruments Open-ended diversified equity schemes of mutual funds registered with SEBI. Money Market Instruments Indicative allocations (% of total assets) Minimum 90% 0% Maximum 100% 10% Risk Profile High/Medium/Low High Low to Medium

The scheme will only invest in third party mutual funds. The fund shall invest in a mix of diversified equity schemes, mid cap/ small cap/ large cap oriented schemes. ^^ Note: Investors are requested to note that BSE and S&P Dow Jones Indices have announced a strategic partnership on February 19, 2013 and accordingly each of the BSE Indices are now co-branded "S&P". ^Definitions Tracking Error is a measure of how closely a fund follows the index to which it is benchmarked. The more passively the fund is managed, the smaller the tracking error. In the case of Exchange Traded Funds, the lower the Tracking Error, the better. 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.

20

Quantum Mutual Fund

Quantum Gold Savings Fund

An Open ended Fund of Fund Scheme
As on February 28, 2014

February 28, 2014

Nature of Scheme Investment Objective Open ended Fund of Fund Scheme The investment objective of the Scheme is to provide capital appreciation by predominantly investing in units of Quantum Gold Fund - Exchange Traded Fund (QGF). The performance of the Scheme may differ from that of Quantum Gold Fund and the domestic prices of gold due to expenses and certain other factors. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved. Fund Manager Mr. Chirag Mehta (Since May 19, 2011) Fund Manager Total Experience 9 yrs. Inception Date (Date of Allotment) May 19, 2011 Current Expense Ratio 0.25% Investment Options Growth Minimum Application Amount ` 500/- and in multiples of ` 1/- thereafter, Additional Investment would be (Under each Option) ` 500/- and in multiples of ` 1/- thereafter / 50 units. Net Asset Value (NAV) Every Business Day Benchmark Index Domestic Price of Gold

Growth Option

13.3023

PRODUCT LABEL Name of the Scheme Quantum Gold Savings Fund (An Open-ended Fund of Fund Scheme) This product is suitable for investors who are seeking* . Long term returns . Investments in units of Quantum Gold Fund Exchange Traded Fund whose underlying investments are in physical gold. . High Risk (BROWN)

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

Portfolio as on February 28, 2014

Name of Instrument EXCHANGE TRADED FUND - UNITS A) Quantum Gold Fund Total Collateralised Borrowing & Lending Obligation (CBLO) * Net Receivable/(payable) Grand Total * Cash & cash Equivalents ^Portfolio Turnover Ratio (Last one year): 1.15% ^ Please refer below for Definitions 74,804 1060.98 1060.98 3.10 -2.48 1061.60 99.94 99.94 0.29 -0.23 100.00 Quantity Market value in Lakhs % to Net Asset

Mr. Chirag Mehta is the fund manager of Quantum Gold Savings Fund, Quantum Gold Fund, Quantum Multi Asset Fund and Quantum Equity Fund of Funds. Performance as on December 31, 2013 Quantum Gold Savings Fund
Dec 30, 2011 to Dec 31, 2012 Since Inception**

Dec 31, 2012 to Dec 31, 2013

Absolute Returns (%)

Quantum Gold Savings Fund (Growth Option) Scheme Benchmark - (Domestic price of Gold)

Absolute Returns (%) 11.58% 12.08%

-5.37% -13.19%

CAGR Returns (%) 10.16% 7.69%

Current value of standard investment of ` 10,000/- (INR) 12,892 12,147

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - May 19 , 2011 Since inception returns are calculated on NAV of `10 invested at inception.

21

Quantum Mutual Fund

Quantum Gold Savings Fund

An Open ended Fund of Fund Scheme
As on February 28, 2014

Performance as on December 31, 2013

Dec 31, 2012 to Dec 31, 2013

Quantum Gold Fund

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011 Since Inception**

Absolute Returns (%)

Quantum Gold Fund (Growth Option) Scheme Benchmark (Domestic price of physical Gold)

Absolute Returns (%) 10.96% 12.08%

Absolute Returns (%) 30.89% 32.18%

-14.02% -13.19%

CAGR Returns (%) 13.53% 14.07%

Current value of standard investment of ` 10,000/- (INR) 21,039 21,638

Absolute Since Inception: 0.017% Annualised Since Inception: 0.276% ^Tracking Error as on December 31, 2013 Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - February 22, 2008 Since inception returns are calculated on NAV of ` 100 invested at inception. ^ Please refer below for definitions

Performance as on December 31, 2013

Quantum Multi Asset Fund

Dec 31, 2012 to Dec 31, 2013 Since Inception**

Absolute Returns (%)

Quantum Multi Asset Fund (Growth Option)

6.64%

CAGR Returns (%) 9.45%

Current value of standard investment of ` 10,000/- (INR) 11,426

Scheme Benchmark - [CRISIL Composite Bond Fund Index (40%) + Sensex Total Return Index (40%) + Domestic price of Gold (20%)]

3.16%

7.19%

10,719

^Quantitative data as on 31 December, 2013

Standard Deviation: 5.95%

Beta:

0.48

Sharpe Ratio: 0.92

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - July 11, 2012 Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer below for Definitions

Performance as on December 31, 2013

Dec 31, 2012 to Dec 31, 2013

Quantum Equity Fund of Funds

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011

Absolute Returns (%) Quantum Equity Fund of Funds (Growth Option) Scheme Benchmark (S&P BSE 200 Index) Additional Benchmark - (S&P BSE Sensex) 4.03% 4.38% 8.98%

Absolute Returns (%) 32.77% 30.98% 25.70%

Absolute Returns (%) -23.67% -26.95% -24.64% Beta: 0.85

Since Inception** Current value of standard CAGR investment of ` 10,000/- (INR) Returns (%) 10.88% 15,841 7.30% 7.74% 13,690 13,936

^Quantitative data as on 31 December, 2013

Standard Deviation: 15.05%

Sharpe Ratio: 0.53

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - July 20, 2009 Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer below for Definitions

N.A.* *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

Repurchase/ Redemption/ Switch Out - within 1 year from the date of allotment 1.5 %.

22

Quantum Mutual Fund

Quantum Gold Savings Fund

An Open ended Fund of Fund Scheme
As on February 28, 2014

Asset Allocation (% of Net Assets) as on February 28, 2014

CBLO & Net Receivable / (Payable) 0.06%

Fund Size as on February 2014

*Average AuM ( ` in Crores) #Absolute AuM ( ` in Crores) Growth Option 10.44 10.62 *Cumulative Daily AuM /No of days in the month #AuM as on February 28, 2014

Brokerage & Commissions Paid

Units of Quantum Gold Fund 99.94%

Brokerages Paid for investments for February 2014 Distributor Commissions Paid till date

` 2,336.36 NIL

Units of Quantum Gold Fund

CBLO & Net Receivable / (Payable)

The indicative Asset Allocation

Instruments Indicative allocations (% of total assets) Minimum Units of Quantum Gold Fund 95% Maximum 100%* Risk Profile High/Medium/Low Medium to High

Money Market instruments, Short-term Corporate debt securities, CBLO and units of Debt and Liquid Schemes of 0% 5% Mutual Funds * As the scheme invests 95% to 100% of the net assets into units of Quantum Gold Fund, the scheme will, by and large, be passively managed fund.

Low

^Definitions . 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. Portfolio Turnover Ratio is the percentage of a funds assets that have changed over the course of a year. Tracking Error is a measure of how closely a fund follows the index to which it is benchmarked. The more passively the fund is managed, the smaller the tracking error. In the case of Exchange Traded Funds, the lower the Tracking Error, the better. Standard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability. 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.

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Quantum Mutual Fund

Quantum Multi Asset Fund

An Open-ended Fund of Funds Scheme
As on February 28, 2014

February 28, 2014

Nature of Scheme Investment Objective An Open-ended Fund of Funds Scheme The investment objective of the Scheme is to generate modest capital appreciation while trying to reduce risk (by diversifying risks across asset classes) from a combined portfolio of equity, debt / money markets and Gold schemes of Quantum Mutual Fund. The Scheme may invest in the units of debt / money market schemes of other mutual funds to gain exposure to debt as an asset class to manage any investment and regulatory constraints that arise/ that prevent the Scheme from increasing investments in the schemes of Quantum Mutual Fund. There can be no assurance that the investment objective of the Scheme will be realized. Fund Manager Mr. Chirag Mehta (Since July 11, 2012) Associate Fund Manager Mr. Nilesh Shetty (Since July 11, 2012) Fund Manager Total Experience 9 yrs / 10 yrs Inception Date (Date of Allotment) July 11, 2012 Current Expense Ratio 0.25% Investment Options Growth Minimum Application Amount ` 500/- and in multiples of ` 1/-thereafter, Additional Investment amount / (Under each Option) units ` 500/- and in multiples of `1/- thereafter/ 50 units Net Asset Value (NAV) Every Business Day Benchmark Index Crisil Composite Bond Fund Index (40%)+S&P BSE Sensex Total return Index^^(40%)+Domestic price of gold (20%)

Growth Option

11.5324

PRODUCT LABEL Name of the Scheme Quantum Multi Asset Fund (An Open-ended Fund of Funds Scheme) This product is suitable for investors who are seeking* . Long term capital appreciation and current income . Investments in portfolio of schemes of Quantum Mutual Fund whose underlying investments are in equity and equity related securities of companies, debt and money market instruments and physical gold. . Medium Risk (YELLOW)

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

Portfolio as on February 28, 2014

Name of Instrument A) MUTUAL FUND UNITS Quantum Liquid Fund-Growth Plan Quantum Long-Term Equity Fund-Growth Option Total B) EXCHANGE TRADED FUND UNITS Quantum Index Fund Quantum Gold Fund Total Total (A+B) Collateralised Borrowing & Lending Obligation (CBLO) * Net Receivable/(payable) Grand Total ^ Portfolio Turnover Ratio (Last one year): ^ Please refer below for Definitions. 9.12% 6,419 2,398 41.91 34.01 75.92 281.33 3.73 -0.14 284.92 14.71 11.94 26.65 98.75 1.31 -0.06 100.00 709,406 286,161 127.12 78.29 205.41 44.62 27.48 72.10 Quantity Market value in Lakhs % to Net Asset

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Quantum Mutual Fund

Quantum Multi Asset Fund

An Open-ended Fund of Funds Scheme
As on February 28, 2014

Mr. Chirag Mehta is the fund manager of Quantum Multi Asset Fund, Quantum Gold Fund, Quantum Gold Savings Fund and Quantum Equity Fund of Funds. Performance as on December 31, 2013 Quantum Multi Asset Fund
Dec 31, 2012 to Dec 31, 2013 Since Inception**

Absolute Returns (%)

Quantum Multi Asset Fund (Growth Option)

6.64%

CAGR Returns (%) 9.45%

Current value of standard investment of ` 10,000/- (INR) 11,426

Scheme Benchmark - [CRISIL Composite Bond Fund Index (40%) + Sensex Total Return Index (40%) + Domestic price of Gold (20%)]

3.16%

7.19%

10,719

^Quantitative data as on 31 December, 2013

Standard Deviation: 5.95%

Beta:

0.48

Sharpe Ratio: 0.92

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - July 11, 2012 Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer below for Definitions

Performance as on December 31, 2013

Dec 31, 2012 to Dec 31, 2013

Quantum Gold Fund

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011 Since Inception**

Absolute Returns (%)

Quantum Gold Fund (Growth Option) Scheme Benchmark (Domestic price of physical Gold)

Absolute Returns (%) 10.96% 12.08%

Absolute Returns (%) 30.89% 32.18%

-14.02% -13.19%

CAGR Returns (%) 13.53% 14.07%

Current value of standard investment of ` 10,000/- (INR) 21,039 21,638

Absolute Since Inception: 0.017% Annualised Since Inception: 0.276% ^Tracking Error as on December 31, 2013 Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - February 22, 2008 Since inception returns are calculated on NAV of ` 100 invested at inception. ^ Please refer below for definitions

Performance as on December 31, 2013

Quantum Gold Savings Fund

Dec 30, 2011 to Dec 31, 2012 Since Inception**

Dec 31, 2012 to Dec 31, 2013

Absolute Returns (%)

Quantum Gold Savings Fund (Growth Option) Scheme Benchmark - (Domestic price of Gold)

Absolute Returns (%) 11.58% 12.08%

-5.37% -13.19%

CAGR Returns (%) 10.16% 7.69%

Current value of standard investment of ` 10,000/- (INR) 12,892 12,147

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - May 19 , 2011 Since inception returns are calculated on NAV of `10 invested at inception.

Performance as on December 31, 2013

Dec 31, 2012 to Dec 31, 2013

Quantum Equity Fund of Funds

Dec 30, 2011 to Dec 31, 2012 Dec 31, 2010 to Dec 30, 2011

Absolute Returns (%) Quantum Equity Fund of Funds (Growth Option) Scheme Benchmark (S&P BSE 200 Index) Additional Benchmark - (S&P BSE Sensex) 4.03% 4.38% 8.98%

Absolute Returns (%) 32.77% 30.98% 25.70%

Absolute Returns (%) -23.67% -26.95% -24.64% Beta: 0.85

Since Inception** Current value of standard CAGR investment of ` 10,000/- (INR) Returns (%) 10.88% 15,841 7.30% 7.74% 13,690 13,936

^Quantitative data as on 31 December, 2013

Standard Deviation: 15.05%

Sharpe Ratio: 0.53

Past Performance may or may not be sustained in the future and may not necessarily provide a basis for comparison with other investments. **Date of Inception - July 20, 2009 Since inception returns are calculated on NAV of ` 10 invested at inception. ^ Please refer below for Definitions

25

Quantum Mutual Fund

Quantum Multi Asset Fund

An Open-ended Fund of Funds Scheme
As on February 28, 2014

Fund Size as on February 2014

N.A.* *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 *Average AuM ( ` in Crores) #Absolute AuM ( ` in Crores) Growth Option 2.80 2.85

*Cumulative Daily AuM /No of days in the month #AuM as on February 28, 2014

Brokerage & Commissions Paid

Repurchase/ Redemption/ Switch Out - within 1 year from the date of allotment 1.5 %. Brokerages Paid for investments for February 2014 Distributor Commissions Paid till date NIL NIL

The indicative Asset Allocation

Instruments Indicative allocations (% of total assets) Minimum Units of Equity Schemes 25% Maximum 65% Risk Profile High/Medium/Low Medium to High

Units of Debt / Money Market Schemes

25%

65%

Low to Medium

Units of Gold Schemes Money Market instruments, Short-term Corporate debt securities, CBLO, Repo / Reverse Repo in government securities and treasury bills only

10%

20%

Medium

0%

5%

Low

^^ Note: Investors are requested to note that BSE and S&P Dow Jones Indices have announced a strategic partnership on February 19, 2013 and accordingly each of the BSE Indices are now co-branded. ^ Definitions: 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. Tracking Error is a measure of how closely a fund follows the index to which it is benchmarked. The more passively the fund is managed, the smaller the tracking error. In the case of Exchange Traded Funds, the lower the Tracking Error, the better. Standard deviation measures historical volatility. A high standard deviation suggests high volatility, while lower standard deviation would refer to more stability. 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.

26

Quantum Mutual Fund

27

Quantum Mutual Fund

28

Quantum Mutual Fund

Statutory Details & Risk Factors As on

Disclaimer, Statutory Details & Risk Factors: Mutual fund investments are subject to market risks read all scheme related documents carefully.

February 28, 2014

Please visit www.Quantummf.com to read scheme specific risk factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the schemes objective will be achieved and the NAV of the scheme(s) may go up and down depending upon the factors and forces affecting securities market. Investment in mutual fund units involves investment risk such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the sponsor / AMC / Mutual Fund does not indicate the future performance of the Scheme(s).Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882.Sponsor : Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee : Quantum Trustee Company Private Limited Investment Manager: Quantum Asset Management Company Private Limited. The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.

Scheme Specific Risk Factors : The investors of Quantum Equity Fund of Funds, Quantum Gold Savings Fund and Quantum Multi Asset Fund will
bear the recurring expenses, transaction charges and loads if any of the Schemes in addition to the expenses, transaction charges and loads of the underlying Schemes.

Disclaimer of IISL: Quantum Index Fund (QIF) is benchmarked to CNX Nifty Index are not sponsored, endorsed, sold or promoted by India Index Services &
Products Limited (IISL). IISL is not responsible for any errors or omissions or the results obtained from the use of such index and in no event shall IISL have any liability to any party for any damages of whatsoever nature (including lost profits) resulted to such party due to purchase or sale or otherwise of such product benchmarked to such index. Please refer SID of the QIF for full Disclaimer clause in relation to the "CNX Nifty Index".

Disclaimer of NSE: It is to be distinctly understood that the permission given by National Stock Exchange of India Limited (NSE) should not in any way

be deemed or construed that the Scheme Information Document (SID) of Quantum Gold Fund (QGF) and Quantum Index Fund (QIF) has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the SIDs. The investors are advised to refer to the SID of QIF for the full text of the Disclaimer clause of NSE.

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Quantum Mutual Fund