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Quant MF Probe: No Need For Panic Redemption, Advise Experts
The New Indian Express
|June 26, 2024
AMID reports of Sebi probe against Quant Mutual Fund for alleged front running, investors are in a stress over the safety of their investments.
Making things worse is that a majority of shares of the companies in which Quant MF has invested declined for the second consecutive day on Tuesday, despite the market indices closing at new record peaks.
However, experts have a mixed opinion on the likely impact of the probe in investors' wealth. As per reports, Sebi has conducted searches at the Mumbai office of Quant founded by Sandeep Tandon in the midst of global financial crisis of 2007-08. The fund house has, however, said it has only received inquiries from the the market watchdog.
This story is from the June 26, 2024 edition of The New Indian Express.
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