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Maroc Maroc - Times of India - Business - 24/06/2024 22:25

Sebi probes Quant mutual fund over front-running by employees

Sebi is investigating front-running by Quant Mutual Fund employees, leading to a decline in certain stocks. Front-running involves trading on advance information, breaching market regulations. Quant MF is one of the fastest-growing mutual funds, with over Rs 84,000 crore in assets under management as of May 31. In May 2022, Sebi directed entities involved in Axis Mutual Fund front-running case to collectively impound Rs 30 crore of wrongful gains. Sebi's action resulted in the sacking of the mutual fund's chief dealer.

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Vikram Bhatt and daughter Krishna booked by Versova Police for allegedly cheating a businessman of Rs 13.5 crore with false film investment promises....

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Axis Bank net profit up 3% in Oct-Dec on strong loan growth

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