Investors withdrew so many crores from Quant Mutual Fund in three days
Investors withdrew so many crores from Quant Mutual Fund in three days
Investors have withdrawn Rs 1,403 crore from Quant Mutual Fund in three days since SEBI’s investigation began. This withdrawal from the fund house is continuing.
Analysts believe that there may be more withdrawals from the fund house in the coming time. Quant Mutual Fund CEO Sandeep Tandon said in a video call with investors late Wednesday night, about 1.5 percent of the amount has been withdrawn by investors so far. Information about front-running business came from its employees. Since then SEBI has been investigating the fund house. Bureau
Allegations…Grow investors are unable to withdraw money
Grow investors have complained that they are unable to withdraw their money from this platform. An investor on social media alleged that he is unable to withdraw the investment made through Grow, while this investment is visible on the app.
Investment limit in Basic Demat account is now Rs 10 lakh annually
New Delhi. Now Rs 10 lakh can be invested annually in Basic Service Demat Account. At present, this limit is Rs 2 lakh. SEBI said in a circular on Friday, the new rule will come into effect from September 1.
