Quant Mutual Fund: Top 5 schemes with up to 75% returns in 1 year

financialexpress.com:

Quant Mutual Fund, one of India’s oldest and fastest growing asset management firms, is facing a probe by capital market watchdog SEBI in an alleged front-running case. Front-running is an illegal practice in which fund managers and dealers place orders based on prior information of upcoming large trades and earn profit from the price movement on eventual trade execution.

In response to the SEBI investigation, the AMC in a statement said that Quant Mutual Fund is a regulated entity and it is fully committed to cooperating with the regulator. The MF house said that it will provide all necessary support and continue to furnish data to SEBI on a regular and as-needed basis.

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Mutual fund industry experts are of the view that this probe will have little impact on the AMC because it has substantial holdings in quality stocks. Quant Mutual Fund has invested in top-tier stocks like Reliance, Jio Financial Services, Adani Power, Tata Power, LIC, SAIL, HDFC Bank, and Aurobindo Pharma. With such quality stocks in its portfolio, the fund is most likely to be on a strong footing unless there are some major market disruptions due to other factors.

The AMC has seen its assets under management (AUM) rise by over 250% in last one year, standing at Rs 84,000 crore at the end of May. Many of its schemes have yielded bumper returns for investors, outperforming the benchmark. Its AUM was Rs 225 crore in May 2019.

Quant Mid Cap Fund Growth has delivered 75% returns in the last one year, the highest in the category. In the midcap segment, the next best performers are ITI Mid Cap Fund Regular Growth (71%) and JM Midcap Fund (70%). The overall returns in the category