Quant Mutual Fund clarifies the Sebi investigation in the front-running matter.
Sebi believes that trade details were being leaked by a Quant dealer or a brokerage company that the fund house uses to make orders. The regulator has carried out search and seizure operations at the address of the suspected beneficiaries in Hyderabad as well as at Quant's headquarters in Mumbai.
Following the search and seizure operations by markets regulator Sebi in an alleged front-running case, Quant Mutual Fund stated that it is assisting the regulator and is still dedicated to providing better risk-adjusted returns.
"Quant Mutual Fund recently got questions from SEBI, and we would want to clarify any worries you might have about this. We would like to reassure you that Quant Mutual Fund is a regulated organization and that we will always work together with the regulator on any review. We'll offer all the assistance that's required.
"Quant Mutual Fund recently got questions from SEBI, and we would want to clarify any worries you might have about this. We would like to reassure you that Quant Mutual Fund is a regulated organization and that we will always work together with the regulator on any review. We'll offer all the assistance that's required.
Late on Sunday, Quant Mutual Fund provided investors with an explanation in answer to their questions.
"Quant Mutual Fund would want to address any concerns you may have regarding this subject. We recently received inquiries from SEBI. We would like to reassure you that Quant Mutual Fund is a regulated organization and that we will always work together with the regulator on any review. We'll supply everything. necessary support and continue to furnish data to SEBI on a regular and as-needed basis."
The fund house assured its investors of its primary goal to deliver superior risk-adjusted returns.
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