Quant's funds see Rs 2,800 cr net outflow. Here's what you should do

The front-running allegations at Quant AMC caught the mutual fund industry off guard last week. Now, nearly two weeks after the news broke, it's time to assess what the investors have made of it. We did a temperature check based on the weekly net flows in Quant's equity and hybrid categories between January and June 2024, and here's what we found: The AMC faced its first weekly net outflows of 2024 in June's final week, breaking a six-month streak of positive inflows. The period of June 24 - 30, 2024, saw a net outflow of about Rs 2,800 crore, approximately 3 per cent of the previous week's AUM. Quant's flagship Small Cap Fund , managing Rs 21,423 crore and representing a quarter of the fund house's AUM, suffered the highest outflows, accounting for 28 per cent of June's final-week exodus. Coming to outflows in funds based on their AUM, Quant's PSU fund saw the highest exodus, about Rs 80 crore, representing eight per cent of the fund's total assets on June 21, 2024. Quant's five largest mutual funds have seen outflows due to the front-running allegations in the last week of June A sea of red  Quant's five largest mutual funds have seen outflows due to the front-running allegations in the last week of June Fund name AUM June, 2024 (in Rs cr) Outflows after allegation (in Rs cr) Quant Small Cap 22,967 -809 Quant Active 10,758 -374