The fund house said that its two offices in Mumbai (Prabhadevi and Bandra) are functioning normally and are at full capacity.
Quant Mutual Fund has sent out an email to its investors answering a few questions, some of them on the market regulator's inquiries.
The email states, "We are writing to provide you with an important update regarding recent developments concerning quant Mutual Fund."
Are your offices functioning normally?
As mentioned, we are functioning normally and hence, the performance should be at par with our style.
The fund house said that its two offices in Mumbai (Prabhadevi and Bandra) are functioning normally and are at full capacity.
Quant Mutual Fund has sent out an email to its investors answering a few questions, some of them on the market regulator's inquiries.
The email states, "We are writing to provide you with an important update regarding recent developments concerning quant Mutual Fund."
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It went on to answer a few frequently asked questions (FAQs) it claimed it had received from investors.
Also read: Quant MF’s Sandeep Tandon assures investors of fund’s liquidity, risk management, steers clear of Sebi-probe details
The questions and answers were as given below.
FAQs:
1. Has the SEBI enquiry concluded? : No, it a regular ongoing process globally by regulator to collect data and analyze it.
2. Has anyone been convicted? : No. It is the regulator’s job to collect and analyze data on an ongoing basis. We have not received any communication after initial enquiries.
3. Are there any SEBI team personnel stationed in your office? : We have not heard from the regulators after their visit and no one is stationed in our office.
4. Are your offices functioning normally? : We have only two offices in Mumbai (Prabhadevi and Bandra) and both are functioning normally and at full capacity.
5. Are all team members attending office? : Yes. Everyone including sales, investment, dealing, finance, IT and others are working normally.
6. Can the team at quant MF deliver similar returns after this enquiry? : Returns are a by-product of research capabilities and style of management. In quant, we manage risk dynamically to give superior risk-adjusted returns. As mentioned, we are functioning normally and hence, the performance should be at par with our style.
7. What is the liquidity situation of the portfolio? : As of 26th June, 2024, cash and liquid investments were 53.49% of closing equity AUM of INR 88,270cr
On June 26, Quant Mutual Fund's founder and chief investment officer (CIO) Sandeep Tandon met with investors and other stakeholders over a Zoom call. In the call, he had not given any details about the market regulator’s investigation into allegations of front running, but assured investors and other stakeholders about the fund’s liquidity position and ability to manage risk.
