100 out of 178 firms held by Quant MF trade lower following front-running allegations

In the past year, Arvind and Swan Energy surged by over 185% and 140%, respectively. Gujarat State Fertilisers saw a significant increase of 65%, while Brooks Laboratories advanced by 25%.

Around 100 stocks out of 178 that are part of the portfolio of Quant Mutual Fund ended lower after Moneycontrol reported on Sunday that Sebi conducted search and seizure operations on the fund house. The operation was conducted across two locations – Mumbai and Hyderabad. Quant Mutual Fund is owned by Sandeep Tandon, with assets under management close to Rs 90,000 crore.

Arvind Ltd and Swan Energy Ltd recorded the largest losses, each down by 4.6 percent. They were followed by Gujarat State Fertilisers & Chemicals Ltd, which declined by 4 percent, and Brooks Laboratories, which saw a decrease of 3.5 percent.

In the past year, Arvind and Swan Energy surged by over 18 5percent and 140 percent, respectively. Gujarat State Fertilisers saw a significant increase of 65 percent, while Brooks Laboratories advanced by 25 percent.

Other stocks like SAIL, Container Corp Of India, HFCL, and RBL Bank each saw declines of approximately 3 percent. Among the 100 declining stocks, about 48 were trading down by 1-2 percent, while around 46 stocks experienced a decrease between 0.3-1 percent. Over the past year, these stocks had recorded gains of 86 percent, 72 percent, 86 percent, and 60 percent, respectively.

Meanwhile, 75 stocks owned by Quant MF were trading higher. The top gainer was Exicom Tele-Systems, which surged over 11 percent, followed by Rossell India and Best Agrolife, which gained 10.7 percent and 8.7 percent respectively. Exicom Tele-Systems had soared 88 percent in the last three months, while Rossell India had seen a 35 percent increase over the same period.

Other stocks like Garware Hi-Tech Films and SP Apparels saw increases of over 5 percent, while Glaxosmithkline Pharma, Techno Electric & Engineering, Railtel Corp of India, and Aster DM Healthcare gained more than 4 percent each. Approximately 12 stocks recorded gains between 2-4 percent, and 54 stocks saw increases ranging from 0.1-1 percent. Notably, the top performers over the last year were Techno Electric & Engineering and Railtel Corp of India, with gains of 300 percent and 277 percent, respectively.

Quant Mutual Fund has been a top performer, with its AUM growing significantly from Rs 258 crore in January 2020 to over Rs 90,000 crore by June 2024. Kirtan Shah from Credence Wealth Advisors LLP commented that Quant MF holds substantial investments in largecap stocks, with significant exposure to Reliance. He noted that liquidity for redemptions isn't a concern but expects potential selling in mid and small-cap stocks held by Quant, leading to possible underperformance in the short term.

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