Who manages the Quant Fund?
In terms of the Investment Management Agreement, the Trustee Company has appointed the quant Money Managers Limited to manage the Mutual Fund.
Founded by Sandeep Tandon, Quant secured its mutual fund license from Sebi in 2017.
As per the Investment Management Agreement, the Trustee Company has appointed Quant Money Managers Limited to manage the Mutual Fund.
Quant Quantamental Fund Direct Growth is an equity fund. This fund was started on 3 May, 2021. The fund is managed by Ankit A. Pande, Sanjeev Sharma.
About Quant ELSS Tax Saver Fund Direct-Growth
This scheme was launched on Invalid date and is currently managed by its fund managers Vasav Sahgal and Ankit A Pande. It has an AUM of ₹11,124.71 Crores and the latest NAV decalared is ₹457.226 as on 30 Sep 2024 at 5:00 pm.
The Idea Behind Quant
The concept of Quant was born in the mind of CEO and founder Gilbert Verdian while working in the healthcare sector.
A suit has been filed in the Bombay High Court against quant MF, restricting the use of the trade name quant Mutual Fund which creates confusion with the trade name Quantum Mutual Fund. This suit is pending with the High Court.
Quant Mutual Fund has emerged as the top-performing fund in 2021 across multiple categories. Quant Small Cap Fund, Quant Tax Plan Fund, and Quant Focused Fund have grabbed the no. 1 spot in ET Money rank in their respective categories.
Information Updated As On January 10, 2024 | |
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compliance.mf@quant.in | |
Name(s) of Auditors | M M Nissim & Co LLP MVK Associates |
Name(s) of Custodian | HDFC Bank Limited |
Name(s) of Registrar and Transfer Agent | KFIN Technologies Limited |
Jim Simons, founder of Renaissance Technologies. Jim Simons, the mathematician-investor who created what many in finance consider the world's greatest moneymaking machine at his secretive firm, Renaissance Technologies, has died. He was 86.
Who is the service provider for Quant mutual fund?
Service Provider
HDFC Bank Ltd. Near Crompton Greaves Ltd.
Designation | Avg Annual Salary |
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Fund Manager 1 - 3 years exp. (AmbitionBox Estimate) Create Job Alert | ₹13.1 Lakhs (₹11.5 L/yr - ₹14.7 L/yr) |
Service Manager 0 - 1 year exp. (AmbitionBox Estimate) Create Job Alert | ₹2.1 Lakhs (₹1.9 L/yr - ₹2.4 L/yr) |
What was once Escorts Mutual Fund became Quant Mutual Fund following a buyout of the asset management company by Quant Capital, a broking and mutual fund distribution in 2018. Headed by Sandeep Tandon, Quant Capital was earlier a part of the Anil Ambani owned Reliance Securities.
Sandeep Tandon, chief executive of Quant Mutual Fund.
Shashi Kataria has been appointed as Chief Financial Officer, Operations Head and Executive Director of Quant Money Managers Limited with effect from July 01, 2024, in place of Mr.
Jim Simons is a renowned mathematician and investor. Known as the "Quant King," he incorporated the use of quantitative analysis into his investment strategy.
Quant is a high-profile fund house that has made significant strides in a relatively short period. In just six years, it has grown to an impressive asset base of `84,000 crore, with the majority invested in equity. Moreover, its funds have been consistently good performers.
Jim Simons, the legendary "Quant King" who founded Renaissance Technologies, died Friday at the age of 86, after forever changing Wall Street with his genius for math and finding patterns in data.
In conclusion, while the SEBI probe might raise concerns, experts suggest that investors maintain their SIPs and trust in the long-term potential of their investments with Quant Mutual Fund. Dreaming of financial freedom? Use our Mutual Fund SIP Calculator to see how regular investments can add up to grow wealth.
Lack of Adaptability
The financial markets are highly volatile, and Algo-based trading models used for quantitative trading need to adapt to such volatile market conditions. This could be one of the biggest disadvantages of using quant trading if the model fails to adjust in such market conditions.
What is the issue with quant funds?
Here's a breakdown of the reasons:
Sebi noticed discrepancies during their regular inspections of Quant MF. These concerns could be related to activities like front-running, where someone uses privileged information to make trades before clients, giving themselves an unfair advantage.
Most quant funds in India have a track record of only 3-4 years, which is too short to reliably judge their execution capabilities. Within this limited time frame, significant variance can be observed. Despite a few exceptions, most funds have struggled to outperform the market.
Quant MF performance
The performance of the fund house has faced challenges in recent months, which aligns with the Sebi launching an investigation into potential front-running activities within the fund house in June. In the last one month, 16 equity mutual funds have displayed negative returns.
SEBI is investigating asset manager Quant Mutual Fund because apparently someone at the fund is front-running its trades. [1] SEBI probably found a pattern of shady buying/selling on its monitoring systems and is now looking for concrete evidence.
Sandeep Tandon is the founder of Quant group, with over 25 years experience in the financial services industry.