Quant Mutual Fund’s smallcap holdings that may be under pressure today

As per the Moneycontrol report, sources have said that the alleged profits from the operation were worth Rs 20 crores.

Moneycontrol reported on June 23 that Sebi has conducted a search and seizure operation on Quant Mutual Fund on suspected front-running.

Also read: MC Exclusive: Sebi suspects front-running in Sandeep Tandon-owned Quant Mutual Fund; conducts search and seizure operations

Stocks where Quant Mutual Fund holds significant stakes in are likely to be under pressure after the report on the search and seizure operation. Quant runs the third largest small-cap fund in the country with assets under management of Rs 20,000 crore. It has been the fastest growing mutual fund in the country with total assets under management growing from Rs 50,000 crore to nearly Rs 90,000 crore this calendar alone.In May, the fund got 43 percent of the net flows into small-cap funds.

Stocks in which the fund held more than 5 percent stake include Century Enka (7.87 percent), Orchids Pharma (6.83 percent), HFCL (6.42 percent), Arvind (5.76 percent), Stride Pharma Science (5.42  percent), Keystone Realtors (5.40 percent), Pix Transmission (5.21 percent) and HEG (5.20 percent). Market experts said that some of the smaller stocks where the daily traded volume is low will see maximum impact.

As per the Moneycontrol report, sources have said that the alleged profits from the operation were worth Rs 20 crores. The search and seizure operation was conducted across two locations – Mumbai and Hyderabad.