SEBI probe into Quant MF: Founder Sandeep Tandon addresses concerns, says no alarming redemptions

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.