Dark Cloud over High Returns: Front-Running Erodes Investor Trust
India mutual fund industry has been rocked once again by allegations of front-running, this time involving the high-flying Quant Mutual Fund. Known for its impressive returns and a meteoric rise in assets over the last few years, Quant MF now faces a regulatory probe, casting a shadow over its past performance. This isn’t an isolated incident. The Axis MF case in May 2022 and earlier instances involving established names like HDFC AMC and Nippon India Mutual Fund (formerly Reliance MF) highlight a persistent issue.