22, Feb 2024
Quantum Energy unveils 2 State-of-the-Art Showrooms in Samastipur and Madhubani
22 February 2024: Quantum Energy, a leading electric vehicle (EV) startup specializing in the design, development, and manufacturing of electric scooters, has announced the inauguration of its 2 new showrooms in Bihar state with presence in Madhubani and Samastipur. These new additions will further expand Quantum Energy’s presence and accessibility to Indian customers.
The inauguration of the showrooms took place in the presence of esteemed dignitaries and senior officials from Quantum Energy. Madhubani dealership spans approximately 1250 square feet and operates under Mithila E Motors. The dealership in Samastipur spans approximately 1200 square feet and operates under the dealership name Battery Point. The showrooms are strategically positioned to provide a convenient hub for customers to explore Quantum Energy’s cutting-edge electric scooters and firsthand experience their advanced features.
At the Mithila E Motors and Battery Point showrooms, all Quantum Energy electric scooters are prominently displayed, allowing visitors to marvel at the impeccable design, impressive performance, and exceptional build quality of each vehicle. The diverse lineup of electric scooters includes the Plasma, Elektron, Milan, and Bziness range, catering to a wide range of commuting needs for Indian consumers.
Speaking about the launch, Mr. Chakravarthi C., Managing Director of Quantum Energy Limited, expressed, With the opening of our new store in Madhubani and Samastipur, we are excited to increase our presence in Bihar as saw an amazing response at Gaya showroom we launched 6 months ago.. It is quite promising that there is a rising interest in electric two-wheelers in the state. Numerous cutting-edge features of our Quantum Energy scooters strongly appeal to all market sectors. Our commitment to making our cutting-edge electric scooters more accessible to the public is fueled by the growing demand for environmentally friendly mobility options. We are currently trying to create more showrooms in Bihar to accommodate this demand and make our eco-friendly mobility products more easily accessible.
Quantum Energy has expanded its network of showrooms around India to an amazing 60 and 03in Bihar with the opening of the Madhubani and Samastipur showrooms. With the support of the prestigious Kusalava Group, which has over 50 years of experience in the automotive industry, Quantum Energy is committed to reducing carbon emissions, reducing its carbon footprint, and making India a leader in sustainable mobility worldwide.
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- By Rabindra
22, Feb 2024
Quantum Mutual Fund launches Quantum Multi Asset Allocation Fund
Hyderabad, February 22, 2024: Quantum AMC announced the launch of a new fund offer (NFO) with Quantum Multi Asset Allocation Fund. It opens for subscription on Monday, February 19, and closes on Friday, March 1, 2024. It is an open-ended equity scheme predominantly investing in a diversified portfolio of Equity & Equity Related Instruments, Debt & Money Market Instruments, and Gold Related Instruments. It will be co-managed by Chirag Mehta – Chief Investment Officer and Pankaj Pathak, Fund Manager -Fixed Income, Quantum AMC.
The investment objective of the Scheme is to generate long-term capital appreciation/income by investing in a Diversified portfolio of Equity & Equity Related Instruments, Debt & Money Market Instruments, and Gold Related Instruments.
The scheme will be benchmarked against NIFTY 50 TRI (40%) + CRISIL Short Term Bond Fund AII Index (45%) + Domestic Price of Gold (15%).
The scheme will have a Direct and Regular Plan. The Fund managers will allocate Equity & Equity Related Instruments (35-65%), Debt & Money Market Instruments (25-55) and Gold Related Instruments (10-20%). The Fund will predominantly invest in securities of Nifty 50 index and other large-cap stocks for its equity component, sovereign and PSU debt securities across durations for its fixed income allocation and Quantum Gold ETF & Other Gold related instruments for its gold component.
The Investment Strategy:
Portfolio allocation between the equity, debt/ money markets and gold broadly depends on the relative valuations between the asset classes. Relative valuations are determined by evaluation of various influencing factors that include:
Price/Earnings Ratio relative to historical averages
The relationship between Earnings Yield to Bond Yield relative to historical averages
Macroeconomic factors prevailing globally, and within India
Commenting on the fund launch, Mr. Chirag Mehta, Chief Investment Officer, Quantum AMC, said, “The number of investors in mutual funds is increasing rapidly and this fund provides these first-time investors to have a measured approach to equity markets along with diversification from gold and debt, thereby providing a rewarding and relatively smoother investment experience.”
The Co-fund Manager, Mr. Pankaj Pathak, Sr. Fund Manager, Quantum AMC said, “The fund is launched with an intention to provide an option to fixed deposit by potentially providing better returns over the long run. The fund simplifies investment decisions with its one-stop diversified solution that invests across asset classes and enhances tax efficiency through indexation benefits. Investors in the 30% tax slab stand to benefit significantly compared to traditional fixed deposits.”
