Quant Mutual Fund, facing scrutiny for alleged front-running, reported investor withdrawals of $168 million (about Rs 1,400 crore) over three days...
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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.
Quant Mutual Fund, facing scrutiny for alleged front-running, reported investor withdrawals of $168 million (about Rs 1,400 crore) over three days...
Front-running is an illegal practice in which an intermediary uses advance knowledge of a large pending mutual fund transaction to make personal...
Quantum Mutual Fund has issued a statement distancing itself from the similarly-named Quant Mutual Fund after the latter came under Sebi scanner
A search and seizure operation was conducted at locations in Mumbai and Hyderabad and Quant dealers and people connected with the case were...
This comes as in the past 12 months, five top mutual funds have been inspected with mobile phones of some top executives accessed by Sebi.
Quant Mutual Fund, a multi-asset manager overseeing $11 billion, has received inquiries from India’s stock-market regulator, the Securities and...
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