The Sebi logo.
Credit: Reuters File Photo
New Delhi: Quant Mutual Fund has said it is being enquired by markets watchdog Sebi and it is fully committed to cooperating with the regulator throughout any review.
The statement came after media reported that Securities and Exchange Board of India (Sebi) is investigating Quant Mutual Fund over alleged front- running activities.
As per the reports, the regulator has conducted search and seizure operations at Quant Mutual Fund's office in Mumbai and Hyderabad.
Front-running refers to an illegal practice in the stock market where an entity trade based on advanced information from a broker or analyst before the information is made available to its clients.
In a note to investors late night on Sunday, the fund house said, "recently, Quant Mutual Fund has received inquiries from Sebi, and we want to address any concerns you may have regarding this matter".
"We want to assure you that Quant Mutual Fund is a regulated entity, and we are always fully committed to cooperating with the regulator throughout any review. We will provide all necessary support and continue to furnish data to Sebi on a regular and as-needed basis," the fund house said.
Quant Mutual Fund is one of the fastest growing fund houses in the country with over 80 lakh folios and more than Rs 93,000 crore assets under management (AUM).
"Our primary goal remains unchanged: to deliver superior risk-adjusted returns to all our valued investors. Your confidence in Quant Mutual Fund is of utmost importance to us, and we are dedicated to maintaining transparency and adherence to regulatory standards," it said.
Quant Mutual Fund said that it remains committed to delivering superior risk-adjusted returns in the future too.