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#838 Daily Money Show | Money Purse Stock Market News
Takeaway
Quant Mutual Fund SEBI probe is concerning but historically penalties target individuals not investors; the Rs 13,595 cr renewable transmission tender benefits the power equipment ecosystem.
Summary
- Market: Sensex +131 to 77,341; Nifty +36 to 23,537; midcap +0.48%, smallcap and bank nifty flat
- Quant Mutual Fund front-running allegations: SEBI conducted search operations at Delhi, Mumbai, Hyderabad offices over the weekend; Quant clarified that they are cooperating fully with SEBI's enquiries
- Explains front-running: when MF buy info leaks before bulk execution, employees/associates take positions ahead to profit — SEBI rules forbid this; reminds viewers of similar Axis MF case where wrongdoers were banned from markets and removed from the company
- Investor advice: don't panic-withdraw; SEBI investigates and penalizes the individuals not fund operations; wait for outcome
- Govt approved 9 GW inter-state transmission projects in Karnataka and Rajasthan worth Rs 13,595 crore via tariff-based competitive bidding — beneficiaries include KP Green Energy, Bezel Projects, Apar Industries, transformer/pole/wire makers; also warns about a Rs 5 lakh per person 'gold trading 5-month doubling' scam in Hyderabad that defrauded 500 people
Quant MFfront runningrenewable energy
Original description
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