Quant Mutual Fund had over Rs 9,000 crore cash pile to face redemption pressure after Sebi's investigation
Quant Mutual Fund, which is under Sebi’s investigation for a suspected front-running case, was sitting with around Rs 9,355 crore cash pile in May, an analysis by ETMutualFunds 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 21 schemes, four schemes had more than Rs 1,000 crore cash in their portfolio. 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 on May 2024.
Also Read | Why investors should not panic or stop SIP in Quant Mutual Fund after front-running crisis
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-111278120»>The next equity fund from the fund house with maximum cash was Quant Flexi Cap Fund. The flexi cap fund had Rs 1,411 crore cash in its portfolio and had an equity AUM of Rs 4,860 crore.
Quant Active Fund had Rs 1,055 crore in its portfolio. The equity AUM of the scheme is Rs 9,148 crore as on May 31, 2024.Quant Mid Cap Fund had a cash allocation of Rs 1,026 crore in its portfolio in May. The equity AUM of the scheme is Rs 6,926 crore.
Quant Momentum Fund and Quant Quantamental Fund had Rs 664 crore and Rs 660 crore cash in their portfolio in May.
Four sectoral/thematic funds had a cash allocation of around Rs 100 crore. Quant PSU Fund and Quant BFSI Fund were sitting on Rs 164 crore and Rs 128 crore cash pile. Quant Commodities
