Connect with us

Technology

Quantum AMC launches the Quantum Ethical Fund NFO (New Fund Offer) opens for subscription till December 16

Published

2 years ago

on

The fund will be an Open-Ended Equity Scheme Predominantly investing in companies meeting an Ethical Set of PrinciplesThe scheme will have a Direct and Regular Plan

MUMBAI, India , Dec. 4, 2024 /PRNewswire/ — Quantum AMC announced the launch of a new fund offer (NFO) with Quantum Ethical Fund. It closes on Monday, December 16, 2024. The Fund is an open-ended Equity Fund that invests in companies meeting an Ethical Set of Principles, with the objective of achieving long-term capital appreciation. The Fund will be managed by Chirag Mehta – Chief Investment Officer, Quantum AMC. 

Its investment objective is to achieve long-term capital appreciation by investing in Equity & Equity Related Instruments of companies following an Ethical Set of Principles.

The scheme will have a Direct and Regular Plan. The Fund Managers will allocate 80%-100% to the Equity & Equity related instruments of Companies following an Ethical set of Principles and 0%- 20% to the Debt & Money Market Instruments in compliance with Ethical Principles. The Scheme will follow an active investment strategy. The corpus of the scheme will invest in shares of companies meeting an Ethical set of Principles including of Shariah, Jainism and other ethical principles, encompassing a broad Ethical Framework. 

Ethical investing allows investors to align their investments to their values, beliefs and ethical ideologies. There are many ideologies and there seems to be a large overlap between them alongside subtle differences. For e.g.: Shariah investing has unique approach in that financial transactions should be fair and equitable, financial rewards are correlated with the level of risk, efforts and responsibility and prohibits interest, excessive uncertainty / speculation, gambling and harmful businesses. Jainism also has a unique approach to economic development which is strongly centered on sincerity and integrity’ around Ahimsa and Karma, which ‘encourages a light footprint in life. To follow such principles while investing the fund will exclude  sector and industry such as  Alcohol, gambling, tobacco, vulgar entertainment, animation content provider, exhibition of films, media-broadcasting ,media-content, production and distribution of films, mainstream or conventional financial services, non-halal food and beverages, narcotics substance or anything largely harmful to society, Meat & Animal Products, Pharmaceutical involving Animal Testing, Weapon & Defense, & Betting.

Commenting on the fund launch, Mr. Chirag Mehta, Chief Investment Officer & Fund Manager, Quantum AMC, said, “The Quantum Ethical Fund will enable investors to align their investments to their beliefs, values and ideologies. While encouraging ethical business practices, the robust integrity and financial checks will ensure investments reflect less risk and high quality which would drive long term performance. ‘Responsibility and profitability are complementary traits’ and thereby ‘good ethics is good business’. The Quantum Ethical Fund will allow investors to generate wealth through equity investments with a clear conscience. By investing in this fund, thoughtful investors have an opportunity undertake investments aligned to their values.”

Adding to this, Mr. I. V. Subramaniam, MD & Group Head- Equities, Quantum Advisors – Sponsor to Quantum Mutual Fund, said, “If you are an investor, for whom where a fund invests is as important as how much fund is invested, with this fund, you can be more intentional with your investments. Ethical investing is an investment approach in which investors invest in businesses that align with their religious or social values and generate financial returns. Sometimes, some businesses are involved in activities which are not good in terms of social values. As an individual investor it can be difficult to identify businesses that conduct their operations in accordance with the social values followed by the investor and at the same time remain profitable. That’s where the Ethical Fund is a good fit.” 

About Quantum AMC

Quantum Mutual Fund was established in 2006 with the launch of its first fund. Quantum Mutual Fund nurtures a partnership culture with investors, business partners, and employees to spread the goodness of investing.

Quantum Mutual Fund is committed to providing simple Investment Solutions with simplicity, transparency, and integrity.

Investment options to convert savings to wealth.Simple products that are easy to understand.Dependable standards of service.Sensible, risk-adjusted returns over the long term through a disciplined research and investment process

We now offer 14 simple and easy-to-understand products for achieving different financial goals. Our tried and tested research-oriented process gives a channel to receive risk-adjusted returns that outperform the market in the long term. Quantum’s continued relevance is a product of its reputation as trailblazer in the realm of mutual fund investing. With a solid track record and a commitment of providing progressive investment strategies.

 

 

 

View original content:https://www.prnewswire.com/in/news-releases/quantum-amc-launches-the-quantum-ethical-fund-nfo-new-fund-offer-opens-for-subscription-till-december-16-302320955.html

Related Topics:
Continue Reading

Technology

STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

Published

49 minutes ago

on

October 24, 2026

By

NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

View original content:https://www.prnewswire.com/news-releases/stephen-a-smith-addresses-white-house-dinner-attendance-reaffirms-commitment-to-hbcus-and-protecting-corporate-investment-in-black-education-302918547.html

SOURCE Straight Shooter Media

Continue Reading

Technology

Advantex Announces Completion of Financing and Extension of Maturity Date of Previously Issued Debentures

Published

49 minutes ago

on

October 24, 2026

By

TORONTO, Oct. 23, 2026 /CNW/ — Advantex Marketing International Inc. (CSE: ADX) (“Advantex”), a leader in the merchant cash advance and loyalty marketing products for merchants, today announced the completion of a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture which bears an interest rate at 12% per annum and matures December 15, 2027. The proceeds raised from this issuance of the Debenture will be used for working capital purposes.

Advantex has also extended the maturity of its existing $700,000 in 12% secured debentures from October 10, 2026 to December 15, 2027.

About Advantex Marketing International Inc.

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex’s profile on www.sedar.com

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex’s economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.

The statements in this news release are made of the date of this release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

SOURCE Advantex Marketing International Inc.

Continue Reading

Technology

Club Offers for Travel Enthusiasts in Canada

Published

2 hours ago

on

October 23, 2026

By

TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

Continue Reading

Trending