Quant Mutual Fund crisis: How NAVs have been impacted since Sebi investigation
Quant Mutual Fund schemes in the last 4 days ever since the Sebi investigation came into limelight.
So far in the week, NAVs of 11 Quant schemes, including Quant Large Cap Fund, Quant Flexi Cap Fund, Quant Focused Fund, Quant Absolute Fund, and Quant Momentum Fund, have actually increased while there has been some impact on the returns of the remaining 16 schemes.
The net asset value of two Quant schemes was up by 1% in the last four days. The NAV of Quant ESG Equity Fund and Quant Focused Fund was up by 1.16% and 1% respectively.
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The net asset value (NAV) of Quant Small Cap Fund declined marginally by 0.60% from Friday’s NAV. The net asset value (NAV) of Quant Mid Cap Fund declined by 0.97%. The NAV of Quant Large & Mid Cap Fund declined by 0.42% whereas for Quant ELSS Tax Saver Fund, the NAV was down by 0.25%.
Worst affected funds NAV-wise
The net asset value of four funds went down by more than 1% from Friday's NAV. The NAV of Quant Healthcare Fund went down by 1.75%, followed by Quant Commodities Fund whose NAV went down by 1.54%. The NAV of Quant PSU Fund and Quant Active Fund was down by 1.37% and 1.21% respectively.
Investors of Quant Mutual Fund have redeemed investments worth approximately Rs 1,400 crore over three days following an investigation by the Securities and Exchange Board of India (SEBI) into a front-running case. This event has caused concerns among investors about whether to continue,
