Quant MF reassures investors: Gross inflows normal, liquidity position robust
Quant Mutual Fund has assured investors that its gross inflows continue to remain normal and its liquidity position robust. The fund remained defiant that all allegations must be proved before the alleged could be deemed guilty.
It said every suspicion is not an allegation and Quant has always maintained transparency with its investors.
The fund house stressed on its commitment to cooperate with the Securities and Exchange Board of India (Sebi) through any review and has dedicated people to give data to Sebi on a regular basis, ET Now reported on Wednesday.
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Quant's liquid assets amounted to Rs 47,640 crore as of June 25 while its borrowing lines stood at Rs 650 crore to manage any kind of contingency situation.
Currently under Sebi’s investigation for a suspected front-running case, the fund house was sitting with around Rs 9,355 crore cash pile in May, an analysis by ET Mutual Funds showed. This was around 12.41% of the total AUM. The total equity AUM of the fund house was Rs 66,052 crore.
The fund house has around 21 equity mutual fund schemes. Of these, four had over Rs 1,000 crore cash in their portfolios. Quant Small Cap Fund had the highest cash allocation of Rs 1,607.37 crore. The total equity AUM of the small cap schemes is Rs 19,635 crore as of May 2024.
Meanwhile, research house Morningstar has advised investors to hold on to their existing investments while not making fresh investments.
“Redempt
