Sorry about this off-topic post about Quant MF One of the investment advisor recommended exit yesterday on all Quant MF, siting earlier MF front running disasters like Axis bank, etc., Based on my analysis, those should not be applicable to Quant as mostly their funds are not dependent on fund managers alone as it is based on some technical algo and that is the reason for such profits. Even if SEBI punishes / removal of fund managers, etc., should not harm; purely my opinion/guess. Unless SEBI finds any other malpractise while scrutinizing books and that will be disaster like what happened to Franklin templeton debt funds sometime ago. All gurus, pls comment your thoughts - should we hit redemption button or stay invested?
75.1. Rich Guy 😉| Link| Bookmark|
June 25, 2024 10:48:01 AM
Top Contributor (200+ Posts, 100+ Likes)
I was thinking to start sip in quant Large and mid cap fund. Now I am also confuse.
75.2. VVIIPP| Link| Bookmark|
June 25, 2024 11:11:07 AM
IPO Mentor (700+ Posts, 500+ Likes)
@BBMuffin If you invested🏦 just some time⏳ ago, you may think to exit🚪, but if you invested a long time⌛ ago, you may stay invested, or, for a more fortified🏰 step, you may switch🎛️ to another fund🏦 and let the investment💰 in this one be as it is. 😃✌️
75.3. colcol| Link| Bookmark|
June 25, 2024 11:37:36 AM
Top Contributor (400+ Posts, 100+ Likes)
Front running can be done by algos, not just human fund managers. In fact, it would be easier to prove , since it would all be in code. If any algo is using information about incoming client orders to trade ahead of them, that is a potential violation.
As to whether to stay invested or redeem, it is a personal decision that depends on many factors. For a new investor, it is probably a good idea to choose a fund with similar characteristics from a different manager that is not under investigation.
@VVIIPP Having same query! Heavily invested in quant funds..... holding period not more than 1.5 years. Is it okay to stay invested or better to change it to other funds?
Traders may need to react to news, not investors. Investors in mutual funds should act only after the investigation is complete. Souce: https://www.moneycontrol.com/news/business/markets/quant-mf-escapes-panic-redemptions-distributors-take-wait-and-watch-mode-12755753.html
@VVIIPP I'm not really comfortable with the invested amount keeping as it is, with this news coming out. Planning to withdraw 60% & opt for other better options! Will see how it goes for the remaining amount..... hoping for the best ! :) 🤞🏻
Lets assume we are withdrawing funds from quant . What are the best funds in largecap, midcap and small cap in which we should invest now? Your opinion will help a lot of persons. Please tell.
@vikas bisoi Usually index funds are less affected as they simply follow the index recommendations. I do not see any issue on index fund irrespective of fund houses.
@finoart There are many fund houses like Mirae asset, SBI, Kotak, etc., pls look at their perfomance and decide if you need to switch.
As @JAU mentioned, per moneycontrol's article it looks like no panic so far which is good.
While applying for IPO from IDFC first bank for HUF, should i select individual category or "all other than ind QIB and body corporate"?
In case i select all other, its giving me error
Please help
59. PavanM| Link| Bookmark|
June 25, 2024 9:21:46 AM
IPO Mentor (600+ Posts, 400+ Likes)
I have decided to apply for Stanley lifestyles IPO though its valuations are high. question is whether to apply in Retail or HNI. @newgen consultancy@Tejas Pandya & other HNI investors, can you please let us know ur final call on this IPO? R u applying in Retail or HNI?
59.1. VVIIPP| Link| Bookmark|
June 25, 2024 9:49:34 AM
IPO Mentor (700+ Posts, 500+ Likes)