Leading mutual fund Quant has addressed recent queries from the Securities and Exchange Board of India (Sebi), assuring investors of their commitment to regulatory cooperation. In a statement released over the weekend, the Rs. 93,000 crore asset management company acknowledged ongoing inquiries from Sebi.
While not commenting on specific media reports alleging search operations related to suspected front-running, Quant stressed their policy of transparency with stakeholders. As a regulated entity, the fund house said they will furnish all necessary data to the regulator and support any review process. Quant’s founder and CEO reiterated their aim of compliance, stating full cooperation will be provided.
The statement aims to ease potential concerns among Quant’s large investor base of over 80 lakh folios. Having witnessed tremendous growth in the last 3-4 years, the fund house is widely considered a leader in the mutual fund space. Front-running involves using non-public information to profit in securities trading and is illegal under Indian law.
Quant affirmed their dedication to adhering with all regulatory guidelines as an AMFI member. Investors can expect ongoing updates from the company regarding cooperation with capital market authorities. With clear communication of their vetting by Sebi, Quant intends maintaining transparency for stakeholders.
