- Quant Mutual Fund: Famous mutual fund company Quant has given clarification on the resignation of CFO Harshal Patel. The company has said that his resignation took place in February itself. His resignation has no connection with the SEBI investigation.
Quant Mutual Fund has said that the resignation of CFO Harshal Patel has no connection with the SEBI investigation.
Quant Mutual Fund: Quant mutual funds have given excellent returns to investors during the last few years. The company is once again in the news. The company has appointed a new Chief Financial Officer. Old CFO Harshal Patel had resigned. After which there is a strong discussion that Harshal Patel has resigned due to SEBI investigation in the front running case. The company has denied these discussions. Quant Mutual said in a statement issued on Friday that Harshal Patel had resigned in February. Whereas the company’s offices were raided by SEBI in June.
Green stocks priced below ₹ 200 continue to rise, prices rose again by 12% today
What has the company said?
Quant Mutual Fund has said in its statement that Shashi Kataria has been appointed as the new CFO of the fund house. His appointment has become effective from July 1, 2024. The company has said that Harshal Patel had resigned due to personal reasons. The fund house has said that Harshal Patel had tendered his resignation to the company on February 19. The last working day in the company was 19 May 2024. Let us tell you, Quant Mutual Fund has said that Shashi Kataria has 20 years of experience.
SEBI is investigating
SEBI, the market regulating body, started the investigation of Quant Mutual Fund in June. The company has said that it will fully cooperate with SEBI in this investigation. According to reports, SEBI had investigated the Hyderabad and Mumbai offices of Quant Mutual Fund. Let us tell you, Quant Mutual Fund is managing assets worth Rs 93,000 crore. This fund is one of the fastest growing funds in the country.
In which companies has this fund house invested in the month of June?
According to the Money Control report, in the month of June, the fund house has invested Rs 8700 crore in the shares of 189 companies. Whereas in the month of May, the company has invested Rs 12,500 crore in 178 shares. Let us tell you, in the month of June, the fund house has invested the maximum money in HDFC Bank. An investment of Rs 4800 crore was made in this company in the month of June. Whereas in the month of May the fund had invested Rs 2669 crore in HDFC Bank.
