Quant Mutual Fund Faces Sebi Inquiry: Full Cooperation
By Rediff Money Desk, New Delhi Jun 24, 2024 12:48
Quant Mutual Fund confirms Sebi inquiry and commitment to cooperate. Regulator investigates potential front-running activities, conducting searches in Mumbai and Hyderabad.
![Quant Mutual Fund Faces Sebi Inquiry: Full Cooperation](https://im.rediff.com/money/2022/may/17sebi.jpg)
Photgraph: Shailesh Andrade/Reuters
New Delhi, Jun 24 (PTI) Quant Mutual Fund has said it is being enquired by markets watchdog Sebi and it is fully committed to cooperating with the regulator throughout any review.
The statement came after media reported that Securities and Exchange Board of India (Sebi) is investigating Quant Mutual Fund over alleged front- running activities.
As per the reports, the regulator has conducted search and seizure operations at Quant Mutual Fund's office in Mumbai and Hyderabad.
Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information is made available to its clients.
In a note to investors late night on Sunday, the fund house said, "recently, Quant Mutual Fund has received inquiries from Sebi, and we want to address any concerns you may have regarding this matter.".
"We want to assure you that Quant Mutual Fund is a regulated entity, and we are always fully committed to cooperating with the regulator throughout any review. We will provide all necessary support and continue to furnish data to Sebi on a regular and as-needed basis," the fund house said.
Quant Mutual Fund is one of the fastest growing fund houses in the country with over 80 lakh folios and more than Rs 93,000 crore assets under management (AUM).
"Our primary goal remains unchanged: to deliver superior risk-adjusted returns to all our valued investors. Your confidence in Quant Mutual Fund is of utmost importance to us, and we are dedicated to maintaining transparency and adherence to regulatory standards," it said.
Quant Mutual Fund said that it remains committed to delivering superior risk-adjusted returns in the future too.
The statement came after media reported that Securities and Exchange Board of India (Sebi) is investigating Quant Mutual Fund over alleged front- running activities.
As per the reports, the regulator has conducted search and seizure operations at Quant Mutual Fund's office in Mumbai and Hyderabad.
Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information is made available to its clients.
In a note to investors late night on Sunday, the fund house said, "recently, Quant Mutual Fund has received inquiries from Sebi, and we want to address any concerns you may have regarding this matter.".
"We want to assure you that Quant Mutual Fund is a regulated entity, and we are always fully committed to cooperating with the regulator throughout any review. We will provide all necessary support and continue to furnish data to Sebi on a regular and as-needed basis," the fund house said.
Quant Mutual Fund is one of the fastest growing fund houses in the country with over 80 lakh folios and more than Rs 93,000 crore assets under management (AUM).
"Our primary goal remains unchanged: to deliver superior risk-adjusted returns to all our valued investors. Your confidence in Quant Mutual Fund is of utmost importance to us, and we are dedicated to maintaining transparency and adherence to regulatory standards," it said.
Quant Mutual Fund said that it remains committed to delivering superior risk-adjusted returns in the future too.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.74 (+ 2.62)
- 84886833
- Srestha Finvest
- 2.24 (+ 4.67)
- 34707853
- Ola Electric Mobilit
- 132.76 (+ 19.99)
- 27685743
- Suzlon Energy Ltd.
- 79.93 (+ 4.10)
- 27308498
- IFL Enterprises
- 1.22 (+ 4.27)
- 24757806
MORE NEWS
![Sebi Eases...](https://im.rediff.com/80-80/money/2024/aug/10sebi1.jpg)
Sebi Eases Compliance for Listed NCDs - New...
Sebi proposes amendments to simplify compliance requirements for entities with listed...
![Chandrasekaran:...](https://im.rediff.com/80-80/news/2018/jan/04modi.jpg)
Chandrasekaran: Learn From Indian Wisdom &...
Tata Group Chairman N Chandrasekaran emphasizes the importance of learning from Indian...
JSW Cement Files IPO Papers to Raise Rs 4,000...
JSW Cement has filed draft papers with Sebi for an IPO to raise Rs 4,000 crore. The IPO...