SEBI Investigates Quant Mutual Fund for Front-Running in the Markets

The Securities and Exchange Board of India (Sebi) is investigating Quant Mutual Fund over alleged front-running activities, as reported by the media. The regulator conducted search and seizure operations at the fund’s offices in Mumbai and Hyderabad in connection with this.

Front-running involves trading based on advanced information from a broker or analyst before it is made available to clients, constituting an illegal practice in the stock market. Quant Mutual Fund issued a note to investors addressing the inquiries from Sebi and expressing its commitment to cooperating with the regulator throughout the review process.

With over 80 lakh folios and assets under management of more than Rs 93,000 crore, Quant Mutual Fund is counted among the fastest growing fund houses in the country. Despite the ongoing scrutiny, the fund reaffirmed its dedication to delivering superior risk-adjusted returns and maintaining transparency and regulatory compliance.

The statement delivered to investors reassured them of the fund’s regulated status and emphasized its ongoing commitment to cooperating with Sebi. Quant Mutual Fund emphasized its goal of providing superior risk-adjusted returns to its valued investors and expressed dedication to upholding regulatory standards.

The fund affirmed its commitment to delivering superior risk-adjusted returns in the future as well. It’s important to note that this story has not been edited by NDTV staff and is published from a syndicated feed.