Quant Mutual Fund Confirms SEBI Inquiry, Says Committed To Cooperate With Regulator

Quant Mutual Fund has confirmed that it has received inquiries from the Securities and Exchange Board of India (SEBI).

What Happened: Quant Mutual Fund revealed late on Sunday that SEBI has reached out to them seeking certain clarifications. In an effort to uphold transparency, the fund house has publicly acknowledged these inquiries.

Quant Mutual Fund, in its official letter to shareholders, assured its investors and stakeholders of its full cooperation with the regulator. The firm emphasised its status as a regulated entity and pledged to provide all necessary support and data to SEBI.

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The fund house, which has over 80 lakh folios and an impressive 93,000 AUM, has emerged as one of the fastest-growing and top-performing entities in the country. Despite the ongoing inquiries, Quant Mutual Fund remains committed to delivering superior risk-adjusted returns to its investors, the company said in the letter.

Quant Mutual Fund expressed gratitude towards its investors for their continued trust and assured them of its dedication towards maintaining transparency and adherence to regulatory standards.

Earlier on Sunday, reports suggested that SEBI conducted search and seizure operations at Quant Mutual Fund. The operations were said to be conducted at two locations, including the Mumbai headquarters of Quant Mutual Fund and a suspected beneficial ownership address in Hyderabad, on the grounds of suspected front-running activities.

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Posted In: GovernmentMutual FundsRegulationsMarketsQuant Mutual Fund