Received inquiries from Sebi, committed to cooperate: Quant MF

“As a policy, we don’t comment on the media reports, however here is an important update to clarify some points to maintain transparency with all our stake holders. Recently, Quant Mutual Fund has received inquiries from Sebi…,” the asset management company said in a statement to its investors.

The fund house said it is a regulated entity, and will cooperate 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,” it said. Sandeep Tandon is the Founder and CEO of Quant MF.

Front running refers to usage of non-public information to directly or indirectly, buy or sell securities or enter into options or futures contracts, in advance of a substantial order, on an impending transaction, in the same or related securities or futures or options contracts, in anticipation that when the information becomes public; the price of such securities or contracts may change.

Quant Mutual Fund says it has over 80 lakh folios and manages assets worth Rs 93,000 crore. It witnessed a phenomenal growth in the last three of four years.