Quant Mutual Fund, which manages the third-largest small-cap fund in India, is under SEBI investigation for suspected front-running. As of May 31, 2024, the Quant Small Cap Fund has assets under management (AUM) of ₹21,243 crore, with major investments in small-cap and large-cap stocks. Key holdings include Reliance Industries, HDFC Bank, IRB Infrastructure, and Jio Financial Services.
SEBI Investigation
The Securities and Exchange Board of India (SEBI) conducted search and seizure operations at Quant Mutual Fund’s locations, suspecting front-running activities. This investigation has put a spotlight on the fund’s holdings, including those of the Quant Small Cap Fund and Quant Active Fund.
*Fund Details*
Quant Small Cap Fund’s top holdings:
– Reliance Industries (9.47%)
– Jio Financial Services (5.91%)
– HDFC Bank (5.75%)
– IRB Infrastructure Developers (3.77%)
– Bikaji Foods International (3.15%)
Quant Active Fund’s top holdings:
– Reliance Industries (9.57%)
– HDFC Bank (5.61%)
– Adani Power (4.43%)
– Steel Authority of India (3.42%) Quant Mutual Fund has grown rapidly, managing over ₹90,000 crore in assets since its founding by Sandeep Tandon. The fund househas committed to fully cooperate with SEBI during the investigation.
