SEBI cracks down on Quant Mutual Fund amid high-profile suspicions; The MF house ensures cooperation

In response to reports of a search and seizure operation conducted by the Securities and Exchange Board of India (SEBI) due to suspected front-running, Quant Mutual Fund has issued a statement.

The fund stressed its commitment to fully cooperate with the regulator and maintain transparency.

In an official statement, Quant Mutual Fund said, “Recently, Quant Mutual Fund has received inquiries from SEBI and we would like to address all your concerns regarding the same. We will provide all necessary support and continue to provide data to SEBI on a regular basis and as required. »

Quant Mutual Fund has assured its investors of its primary objective: to generate superior risk-adjusted returns.

The statement underlines, “With over 8 million folios and assets under management (AUM) of ₹93,000 crore, our commitment to maintaining investor confidence remains steadfast. We value the trust and support of our investors, as well as our advanced research capabilities and analytical tools. we will continue to give our investors a head start. »

SEBI investigation and actions

Market regulator SEBI conducted search and seizure operations on Quant Mutual Fund, owned by Sandeep Tandon, suspecting high-profile activities.

Sources revealed that the operation took place on Friday and Saturday, covering premises in Delhi, Mumbai and Hyderabad.

The SEBI investigation department conducted the search after a detailed investigation into the allegations of front-running.

Quant Mutual Fund was under surveillance by SEBI for a prolonged period and the investigation included extensive inquiries by the regulator.

Leadership allegations

Front-running involves brokers or other insiders executing trades based on prior knowledge of their clients’ pending orders, potentially manipulating the market.

This is considered a serious financial crime because it undermines investor confidence and market integrity.