Quantum MF explains how it differs from probe-hit Quant MF: Following accusations of front-running, which put the similarly called Quant Mutual Fund under Sebi scrutiny, Quantum Mutual Fund released a statement separating itself from the latter. Investors in Quant Mutual Funds have reportedly redeemed investments of ₹1,400 crore in the previous three days as the market regulator reportedly launched an investigation after claims of “front running.”
“Quantum MF and Quant MF are distinct entities,” Quantum MF stated on social media yesterday in a “significant update” for its investors.
The mutual fund house tweeted, “This is to clarify that Quantum Mutual Fund and Quant Mutual Fund are two different mutual fund houses.” “Quantum MF prioritises investors and has pioneered numerous industry best practices that have been embraced by other companies decades after Quantum MF first implemented them. It further stated, “Quantum MF offers straightforward investment solutions for prudent, long-term investing and has a strong research and investment procedure.
“A suit has been filed in the Mumbai High Court against Quant MF, restricting the use of the Trade Name Quant Mutual Fund which creates confusion with the Trade Name Quantum Mutual Fund,” the mutual fund house added in a different graphic. The High Court is still considering the suit.
The explanation made investors and social media users very happy. Emojis with laughing faces were all over Quantum Mutual Fund’s post in the comments area.
As per Reuters, the Securities and Exchange Board of India (SEBI) has initiated an investigation into claims of “front running” at Quant MF, which refers to trading on price-sensitive information prior to its public release.
Net redemptions in the last three days have accounted for 1.5% of the assets under management (AUM) of 930 billion rupees, “which is a small figure,” according to an email sent by Quant to investors that Reuters was able to view.
Despite the ongoing inquiry by the SEBI, it claimed that its “operations are running smoothly”.
