Quant Mutual Fund's AUM reaches all-time high of Rs 94,000 crore
Quant Mutual Fund (MF), which was under Sebi’s investigation for a front-running case, has informed its unitholders that the assets under management (AUM) and net asset values (NAV) for most schemes have reached a record high level as of July 12, 2024. The fund's AUM now exceeds Rs 94,000 crore as of July 12.
The fund house conveyed this information to investors via mail on Saturday, providing clarification regarding Sebi's investigations into front-running allegations. Despite experiencing net outflows of Rs 696 crore and net equity outflows of Rs 877 crore over the last three weeks, the fund's AUM remains at an all-time high.
The rise in AUM to over Rs 94,000 crore marks a significant milestone for the mutual fund house. However, investors were also informed about the ongoing investigation initiated by the market regulator into front-running allegations against the company.
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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-111727006»>In an email addressed to its investors, Quant MF mentioned, “the data collection by the regulator was not part of a «regular process.» Rather, it was part of a «court-approved search and seizure operation with respect to an ongoing investigation initiated by SEBI.»
«Our superior risk-adjusted returns generated by our schemes are in line with our dynamic style of money management,» said the mutual fund house in its communication. The message also mentioned that “less than 1% of their AUM had been affected by recent outflows amounting to Rs
