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SEBI Initiates Probe into Alleged Front-Running at Quant Mutual Fund

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The Securities and Exchange Board of India (SEBI) has launched an investigation into Quant Mutual Fund for suspected front-running activities by its managers, as per sources familiar with the matter.

Last week, SEBI officials conducted search and seizure operations at the Mumbai-based office of Quant Mutual Fund, which currently manages assets worth approximately Rs 80,000 crore.

According to sources, discrepancies were uncovered during routine inspections, leading to concerns raised by audit firms in their reports to SEBI.

Queries sent to SEBI for clarification remained unanswered at the time of reporting.

In a recent communication to investors, Quant Mutual Fund acknowledged receiving inquiries…

Rachel Adams

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