Quant Mutual Fund said that it has crossed the ₹1 lakh crore mark in assets under management.

What Happened: In an email to investors on Friday, Quant Mutual Fund announced this milestone, expressing gratitude to its over 81 lakh unique investors. The fund house attributed this accomplishment to the unwavering support of its investors and the team’s consistent performance.

“This is a remarkable achievement for us as a team, particularly given that it reflects our exceptional and consistent performance and speaks about our capability to generate superior risk-adjusted returns year after year,” the company added in the letter.

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This announcement comes in the wake of recent controversies surrounding Quant Mutual Fund. In June 2024, the Securities and Exchange Board of India (SEBI) reportedly carried out search and seizure operations at Quant Mutual Fund on suspicions of front-running activities. The allegations were denied by the fund house later.

The fund, led by Sandeep Tandon, stated that SEBI’s investigation was not yet complete and that the market regulator was analyzing data collected from the fund. The fund also emphasized that it had not received further communications from the regulator following the initial enquiry and that its offices and personnel were functioning normally without any disruption.

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Note: The story has been updated to include a correction issued by the company regarding the number of unique investors.