Big Breaking news Fastest Growing Quant mutual fund under SEBI scanner
Big breaking news Quant fund under SEBI scanner The market regulator Sebi has conducted search and seizure operations on Sandeep Tandon-owned Quant Mutual Fund suspecting front-running, sources in the know said. The search and seizure operation was conducted across two locations – Mumbai and Hyderabad. Apart from the Quant Mutual Fund's Mumbai HQ, the other search location was a suspected beneficial ownership address in Hyderabad, one source confirmed. On Friday, Quant dealers and persons connected with the case were also questioned, sources confirmed. Moneycontrol has written to the mutual fund for a response and the article will be updated once it comes in. Quant Mutual Fund is founded by Sandeep Tandon. The fund got a mutual fund license from the Securities and Exchange Board of India ( Sebi ) in 2017. It has been the fastest growing mutual fund in the country, with assets growing from Rs 100-odd crore in 2019 to more than Rs 90,000 currently. It crosses assets of Rs 50,000 cro