Amid the dispute with SEBI, there is some big news for the investors of Quant Mutual Fund. Just a few days ago, Quant Mutual Fund ran into trouble with SEBI. The market regulator, SEBI, suspected that forward trading was taking place in Quant Mutual Fund. SEBI is still investigating this matter and now a lot of information has come to light regarding it. In fact, the company’s Chief Financial Officer (CFO), Harshal Patel, has resigned.
Now Quant himself has shared information about it. The company said that Shashi Kataria has been appointed as the Chief Operating Officer and CEO of the company. This appointment is effective from July 1, 2024. Let us know what effect this will have on investors…
Clarification on fake news circulating in the media pic.twitter.com/moqbOL8jOs
– Quantitative Mutual (@quantmutual) July 12, 2024
This will be the new CFO
The fund house also said that Harshal Patel has resigned due to personal reasons and now Shashi Kataria will take over his role. Shashi Kataria previously worked as CFO, COO and Director at PPFAS AMC.
Now the question is what will be the impact on investors after the initial case and the resignation of the CFO, then let us tell you that the company has already made it clear that it is contributing to the investigation with SEBI. At the same time, investors will not have to panic until the investigation is completed. At the same time, Harshal Patel has also resigned due to personal reasons, so it will not have any negative impact on investors.
When did the investigation begin?
SEBI began investigating Quant Mutual Fund in June. The fund had promised to work closely with the regulator during the investigation. SEBI reportedly conducted search and seizure operations at Quant Mutual Fund’s offices in Hyderabad and Mumbai.
Quant Mutual Fund is one of the fastest growing fund firms in the country. It has over 80 lakh folios and assets under management (AUM) of over Rs 93,000 crore.
