Quant Mutual Fund has informed its investors that the recent data collection search by the Securities and Exchange Board of India (SEBI) was a part of the court-approved search. So, the SEBI's search last month was differed from a routine enquiry. The fastest-growing Indian mutual fund house informed about the nature of SEBI's search in its letter issued to its investors on Saturday, 13th July 2024.
Quant Mutual Fund took a proactive step to keep its investors informed and involved. The fund issued a letter via email, stating, "We would like to clarify that the data collected by the regulator was not part of any regular process but was part of a court-approved search and seizure operation with respect to an ongoing investigation initiated by SEBI." This direct communication aims to keep our investors informed and involved in the process.
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