The fund house informed that Harshal Patel has resigned from Quant Mutual Fund due to personal reasons with effect from July 1.
This was informed to the unitholders through a notice-cum-addendum.
Quant Mutual Fund also informed that Shashi Kataria has been appointed as Chief Financial Officer, Operations -Head and Executive Director of Quant Money Managers in place of Harshal Patel.
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Accordingly, the statement of additional information of Quant Mutual Fund is revised.
Shashi Kataria has previously worked with PPFAS AMC as CFO, COO and Director. He was also associated with DSP Blackrock Investment Managers as Manager Finance.
The fund house also mentioned in the notice that all other terms and conditions of SID, KIM, and SAI of the schemes read with other addendums if any remain unchanged. This notice-cum-addendum forms an integral part of SID,KIM and SAI issued for the schemes read with addenda issued thereunder.
Markets regulator Sebi investigated a suspected case of front-running in Rs 93,000 crore Quant Mutual Fund.
During raids on Quant’s Mumbai headquarters and Hyderabad premises, Sebi seized mobile phones, computers, and other digital devices. This move was a part of an effort to trace the source of leaked confidential information allegedly used for illicit profit. Sebi suspects that the front-running may involve a dealer from a Quant entity or a broking firm through which the asset management company places orders.
The hand of either a dealer from a Quant entity or a broking firm through which the AMC places order was being suspected in the case.
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
