April 11, 2016

Volumetric Fund, Inc.

      A No-Load Mutual Fund

Summary Prospectus

    & Application

             Ticker: VOLMX

  VOLUMETRIC FUND

SUMMARY PROSPECTUS

Ticker: VOLMX

             April 11, 2016

      Before you invest, you may want to review the Fund’s prospectus, which contains more information about the Fund and its risks. You can find the Fund’s prospectus online at www.volumetric.com/prospectus.pdf. Other information about the Fund including the Statement of Additional Information (“SAI”) and the most recent reports to shareholders are online at www.volumetric.com. You can also get the information at no cost by calling 800-541-FUND or by sending an e-mail request to info@volumetric.com. The Fund’s prospectus and SAI, both dated April 11, 2016, are all incorporated by reference into this Summary Prospectus.

INVESTMENT OBJECTIVE

      Volumetric Fund’s (the “Fund”) investment objective is capital growth. Its secondary objective is downside protection.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (fees paid directly from your investment)

Maximum Sales Charge (Load) on Purchases:	None
Maximum Deferred Sales Charge (Load):	None
Maximum Sales Charge (Load) on Reinvested Dividends:	None
Redemption Fee:	None*
Maximum Account Fee:	None

*To discourage market timing, the Fund charges a 2% fee, if shares are redeemed within 7

calendar days after their purchase.

2

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Management Fee	1.92%
Distribution and Service (12b-1) Fees	None
Other Expenses	None
Total Annual Fund Operating Expenses	1.92%

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:   

1 Year	3 Years	5 Years	10 Years
$195	$603	$1,037	$2,245

PORTFOLIO TURNOVER

     The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 82% of the average value of its whole portfolio.

3

PRINCIPAL INVESTMENT STRATEGIES

      The Fund typically invests in a broadly diversified portfolio of large and mid-cap domestic stocks; although its portfolio may also contain small-cap stocks with annual revenues between $0.5 and $1 billion. Its securities are generally a blend of value and growth stocks. The Fund invests primarily in issues listed on the New York Stock Exchange, and to a lesser extent, in common stocks of NASDAQ and other exchanges. The Fund may also invest up to 15% of its net assets, in SPDR based ETFs or equivalents. Under negative stock market conditions, the Fund may allocate, for temporary defensive purposes, a large portion of its assets in cash equivalents or United States government securities for downside protection. A description of the Fund’s policies with respect to disclosure of its portfolio holdings is available in the Statement of Additional Information (“SAI”).

PRINCIPAL INVESTMENT RISKS

     The Fund’s share price will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth more or less than what you paid for them. Consequently, you can lose money by investing in the Fund. The Fund is also subject to the risk that the Adviser’s judgment about particular stocks is incorrect and the perceived value of such stocks is not realized by the market or their prices decline.

PERFORMANCE

     The following bar chart and table provide an indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The table shows the Fund’s average annual returns for one, five and ten years, as compared to those of the broad based Standard & Poor’s 500 Index.  As with all mutual funds, the Fund’s past performance, before and after taxes, does not predict how the Fund will perform in the future.  For more recent performance information, visit www.volumetric.com.

4

ANNUAL TOTAL RETURNS

During the period shown in the bar chart, the highest return for a quarter was 13.0% (quarter ended September 30, 2009) and the lowest return for a quarter was –20.1% (quarter ended December 31, 2008).

Average Annual Total Returns

(for the periods ended December 31, 2015)

	1 Year	5 Years	10 Years	Since Inception 12/31/1978
Return before taxes	- 4.69%	+ 6.52%	+ 4.02%	+ 9.22%
Return after taxes on distributions	- 6.59%	+6.03%	+ 4.45%	N/A
Return after taxes on distributions and sale of Fund shares	- 5.70.%	+ 4.76%	+ 3.58%	N/A
Standard & Poor’s 500 Composite Index:*	- 0.73%	+10.20%	+ 5.05%	+8.61%

*Does not reflect deductions for fees, expenses or taxes   

After tax returns are calculated using the historical highest individual Federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax deferred arrangements, such as 401(k) plans or individual retirement accounts (IRAs). The Fund's

5

past performance, before and after taxes, is not necessarily an indication of how the fund will perform in the future.

INVESTMENT ADVISER

       Volumetric Advisers, Inc. is the Fund’s investment adviser.

PORTFOLIO MANAGERS

·

Gabriel J. Gibs is the Chairman, Portfolio Co-Manager and Founder of the Fund. Gabriel was CEO from 1978 (inception) to 2016 and Portfolio Manager from inception to 2003.

·

Irene J. Zawitkowski is the CEO, Senior Portfolio Manager and Chief Operating Officer (COO) of the Fund. Irene was President and Portfolio Co-Manager from 2003 to 2016 and Executive Vice President of the Fund from inception to 2003.

·

Jeffrey Gibs is President and Portfolio Co-Manager since 2016 and Chief Compliance Officer (CCO) since 2005. Jeffrey was Executive Vice President from 2015 to 2016 and Vice President from 1997 to 2015.

PURCHASE AND SALES OF SHARES

You may buy or sell shares of the Fund via mail or telephone on any business day when the New York Stock Exchange is open for regular trading. Volumetric can be contacted by calling 800-541-3863. The Fund’s address is: Volumetric Fund Inc., 87 Violet Drive, Pearl River, New York 10965.

The minimum initial investment in the Fund is $500, and the minimum for each subsequent investment is $200. When making regular investments through Volumetric’s automatic investment plan the minimum investment is $100.

TAX INFORMATION

The Fund’s distributions will be generally taxable to you as capital gains or ordinary income, unless you are investing through a tax deferred arrangement, such as a 401(k) plan or an individual retirement account (IRA).

PAYMENTS TO BROKER-DEALERS AND FINANCIAL INTERMEDIATES

If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund, being a no-load mutual fund, will not pay the broker-dealer or the intermediary for the sale of Fund shares and related services.

6

This page is intentionally left blank.

7

8

      Volumetric Fund, Inc.

87 Violet Drive,

Pearl River, New York 10965

Phone: 845-623-7637 and

   800-541-FUND

www.volumetric.com

9