Sandeep Tandon, founder and CIO of Quant Mutual Fund on Wednesday, addressed concerns regarding capital markets regulator SEBI's investigation into suspected front-running activity at the fund house.
As per reports, on a call with investors and other stakeholders, Tandon announced that the fund has transitioned from midcaps to large caps and from an illiquid to a liquid strategy in recent months.
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He assured that their portfolio is now fairly liquid, adding that there have been no alarming redemptions. Over the last three days, their net equity outflow was 1398 crore or 1.5% of assets under management, while gross inflows remain normal.
As of June 25, the fund's liquid assets, including large-cap stocks, T-bills, G-secs, gold, and silver, total approximately 47,640 crore rupees.
He also reiterated that the fund house was fully cooperating with SEBI and that they have a dedicated team that's providing data to the regulator regularly.