Mix-up of mutual funds: Quantum MF clarifies it is different from probe-hit Quant MF
Quantum Mutual Fund has issued a statement distancing itself from the similarly-named Quant Mutual Fund after the latter came under Sebi scanner over allegations of front-running. In the last three days, Quant Mutual Fund investors have redeemed investments worth ₹1,400 crore as the market regulator reportedly started a probe over allegations of "front running”. “This is to clarify that Quantum Mutual Fund and Quant Mutual Fund are two different mutual fund houses,” the mutual fund house posted. In a separate graphic, the mutual fund house also said “a suit has been filed in the Mumbai High Court against Quant MF, restricting the use of the Trade Name Quant Mutual Fund which creates confusion with the Trade Name Quantum Mutual Fund.” The suit is pending in the High Court.
Quant Mutual Fund Hits All-Time High in AUM and NAV, Assets Cross Rs 94,000 Crore
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