Quant Mutual Fund's AUM at all time high of Rs 94,000 crore, NAVs of most schemes hit record levels

Quant Mutual Fund has informed its investors that its assets under management (AUM) and net asset value (NAV) for most schemes are at an all-time-high.

It's total AUM is over Rs 94,000 crore as of July 12, 2024, which is an all-time-high, the mutual fund house informed its investors.

The mutual fund house conveyed this to the investors after sending out a mail earlier in the day, which clarified details about the market regulator's investigations into front-running allegations. In it, Quant Mutual Fund's team had said that the regulator's data collection was not part of a "regular process" but was part of a "a court approved search and seizure operation with respect to an ongoing investigation initiated by SEBI".

The message on hitting record highs said that, in the last three weeks, the fund house has received net outflows of Rs 696 crore and net equity outflows of Rs 877 crore, which is less than 1 percent of AUM, against their current AUM of Rs 94,000 crore+, which is at an all-time high (ATH).