मार्केट रेगुलेटर सेबी (SEBI) ने फ्रंट रनिंग के मामले में संदीप टंडन के मालिकाना हक वाले क्वांट म्यूचुअल फंड (Quant Mutual Fund) के ठिकानों पर छापेमारी की है. निवेशकों को क्या करना चाहिए और उन पर क्या असर होगा? समझिए Sr Market Analyst Dr Ravi Singh जी से.
#QuantMutualFund #Quant #Sebi #FrontRunning #QuantFraud #SEBIraid #MutualFunds #SIP #QuantSIP
~PR.147~ED.148~HT.96~
#QuantMutualFund #Quant #Sebi #FrontRunning #QuantFraud #SEBIraid #MutualFunds #SIP #QuantSIP
~PR.147~ED.148~HT.96~
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NewsTranscript
00:00See, it won't have much effect on the stock market.
00:03Actually, the front running is done for that 10%.
00:07SEBI can take any action. It can remove Sandeep Tandon.
00:10It can dismantle that fund.
00:12So, for Sandeep Tandon and especially for the Quant Mutual Fund,
00:17there can be a lot of loss.
00:19If you are thinking of investing in recent days,
00:21then when there is any controversy,
00:24then you should avoid it.
00:26You have a lot of other options.
00:28Hi, this is Bhavna and you are watching GoodReturns.
00:30If you are an investor of a mutual fund,
00:32then you must have heard of Quant Mutual Fund.
00:34And you must have invested your money in it.
00:37This is the fastest growing mutual fund in the country.
00:40A big news has come out about it.
00:42SEBI has taken strict action on it.
00:45It is a matter of front running.
00:46The allegations have been put on this mutual fund.
00:49So, can investors be harmed by this?
00:52Will it have any effect?
00:54Because there are 8.9 million retail investors
00:57who were worried about this matter.
01:00So, should you adopt any strategy?
01:02Before investing in a mutual fund,
01:04should you take care of some things?
01:06And if you have not understood this whole matter yet,
01:09what is front running?
01:10We will try to understand all that in detail in this video.
01:14Senior Market Analyst Dr. Ravi Singh is joining us.
01:17He will tell us about this whole matter in detail.
01:21Hello, Ravi Sir. How are you?
01:22Welcome to GoodReturns.
01:23Namaskar. Thank you for calling me here.
01:25Sir, please explain in simple language
01:27why SEBI has taken action on Quant Mutual Fund?
01:30What has happened? What is the matter?
01:32The inquiry done by Quant Mutual Fund,
01:35first of all, understand this matter
01:37that this fund was started by Sandeep Tandon in 2017.
01:42At that time, it was worth 90 crores.
01:45Today, its value is 90,000 crores.
01:47If we look at the mid-cap,
01:49it is an investment of around 20,000 crores.
01:52Now, what is happening?
01:53Why was such an inquiry done?
01:55Right now, there is no decision on what is happening here.
02:00But he definitely agreed with his letter
02:03that SEBI has done an inquiry on front running in this matter
02:07which he will answer.
02:08So, it will be a little early to speculate anything here.
02:12Secondly, this question is definitely raised
02:14that what is it?
02:15What is it?
02:16What is front running?
02:18What does it mean when a claim is made on a mutual fund?
02:22First of all, front running is that
02:24any mutual fund knows that
02:26it has to invest in this stock.
02:30So, it takes that stock first through its relatives or other sources.
02:37And in between, when it buys a mutual fund,
02:40you must have seen that 10-15% rally happens in that stock.
02:45When a mutual fund does this with internal sources
02:48and then buys the stock,
02:50it is called front running.
02:52Another type of front running is
02:55that you are purchasing a stock
02:57which neither has a good balance sheet
02:59nor has liquidity.
03:00It is a stock with a very low market cap.
03:02But you deal with the company
03:04and talk to them to increase the stock
03:06and take their contract.
03:08So, all these things are front running speculation
03:12or insider trading.
03:15And the question that Sebi has asked him
03:18is about front running.
03:20And I think you will get to know
03:22the details later.
03:25You explained about front running.
03:27What is front running?
03:29When front running is done by any fund house
03:32because it is illegal to do front running,
03:35how does it affect the investors?
03:38How does it have a negative impact on them?
03:41The most important thing is
03:43why people do front running
03:45and what common investors do in it.
03:48You will get to know that
03:50front running is actually done for that 10%.
03:54What does 10% mean?
03:56Whenever a stock buys a mutual fund,
03:58you get a 10-15% rally in that stock.
04:01When a company has a bulk deal,
04:03the stock increases by 4-5%.
04:05So, the insider information
04:08of the people in the board
04:10who have the information
04:12that this is happening,
04:14they should buy it later
04:16or buy it after a few days
04:18and leave 10%.
04:20But because of that,
04:22when an investor buys a mutual fund
04:24or when it is the turn of the investor,
04:26he buys the same stock by 10%.
04:28Whereas, the front running
04:30example is 10% or 20%.
04:32The margin and benefit
04:34in between
04:36is actually obtained
04:38by the insider information
04:40and the common investor
04:42gets a loss.
04:44So, this is the biggest difference.
04:46Now, assume that
04:48the picture is not clear yet
04:50regarding the allegations of front running.
04:52If this matter is proved right,
04:54then what will be the challenges
04:56for the fund house?
04:58How will it affect the fund house?
05:00We will talk about investors later.
05:02First of all, understand that
05:04the Quant Mutual Fund
05:06came into attraction because
05:08it delivered aggressive returns.
05:10Whether it was done by front running
05:12or by increasing the stock,
05:14there can be many allegations
05:16like this.
05:18Now, the allegation that has been put
05:20is that
05:22when you are
05:24enquired about front running,
05:26SEBI does not do front running
05:28without any proof.
05:30It does not put such allegations.
05:32Now, whether you did it,
05:34external sources did it,
05:36the fund manager did it,
05:38it will come forward.
05:40But the most important question is
05:42what will be your step?
05:44Because it comes under SEBI's regulation.
05:46SEBI can take action on it.
05:48The entire fund can change
05:50the entire fund managers.
05:52Now, Sandeep Tandon
05:54who is in its leadership,
05:56this is just a speculation.
05:58If anything like this happens,
06:00SEBI can take action,
06:02can remove Sandeep Tandon,
06:04can dismantle the fund,
06:06can bring in other fund managers.
06:08So, it will do such things.
06:10Because SEBI's main target is
06:12that the common investors
06:14can be saved from losses
06:16in any way.
06:18So, I think
06:20whatever step SEBI takes
06:22will be for the benefit of the investors.
06:24Will it affect the fund house's NAV?
06:26Look, the fund house's NAV
06:28won't make a big difference
06:30because the stocks that were bought
06:32can have some loss.
06:34But the important thing is
06:36that one stock
06:38is bought in a very low percentage.
06:40That is, in any stock
06:42the exposure is not more than 3-4%
06:44or more than 5%.
06:46So, even if the stock
06:48falls by 50%,
06:50you will see a maximum drawdown
06:52of only 5% in your portfolio.
06:54So, the investor
06:56won't make a big difference.
06:58The NAV won't make a big difference
07:00because it is in the market condition.
07:02But yes, it is necessary
07:04that at the individual level,
07:06for Sandeep Tandon and especially
07:08for the Quant Mutual Fund,
07:10there can be a lot of losses.
07:12Sir, whenever such
07:14issues come up,
07:16such allegations come up,
07:18because the investors have invested their money
07:20and whenever someone invests their money
07:22the biggest tension
07:24is with the investors.
07:26So, what is your advice
07:28to the investors?
07:30Should they withdraw their money
07:32or should they not take any such step?
07:34What will be the impact
07:36and what should the investors do next?
07:38See, for this,
07:40I can tell you two things
07:42according to my analysis.
07:44The first point is that
07:46if you are thinking of investing in recent days,
07:48then when there is any kind of
07:50controversy, then it should be avoided.
07:52You have a lot of other options
07:54which you can focus on.
07:56The second case is
07:58if you have invested,
08:00I was watching that
08:02if we talk about their returns,
08:04then you are getting around 45%
08:06mid-cap and small-cap returns.
08:08And if you think that if you withdraw
08:10this controversy, then it can be a loss for you.
08:12So, I think it is better
08:14that whenever there is any news
08:16like this and you are getting
08:18good returns, then you should not
08:20hesitate to withdraw your money.
08:22And I think that in a controversy,
08:24your hard-earned money
08:26is very difficult to invest
08:28to get a return.
08:30And if such worries
08:32arise, then I think
08:34saving your money will be the best strategy.
08:36How do you see this
08:38whole matter?
08:40Can it also affect the stock market?
08:42See, it will not affect the stock market
08:44much, but the particular
08:46stocks that have been invested in it,
08:48in which speculation has been done
08:50or such manipulation has been seen,
08:52those stocks will definitely
08:54have a big impact and there is a possibility
08:56of seeing a big fall in them.
08:58On the other hand,
09:00this is only a matter of one mutual fund.
09:02If such a chain of reaction
09:04is seen in many mutual funds,
09:06then its impact will definitely be seen
09:08negative here. And Bhawana ji,
09:10I would definitely like to add one thing here
09:12because people will be watching this platform.
09:14So, the first thing is that
09:16don't panic too much.
09:18And one thing is that don't try to
09:20walk in the crowd because what happens
09:22is that at this time, mutual funds
09:24are giving you such good returns that
09:26without R&D, without thinking,
09:28you are just investing
09:30on many mutual funds.
09:32So, you should definitely
09:34see this once and
09:36the money is yours, you have to work hard
09:38and make a strategy in such a way
09:40that you don't face any big risk exposure.
09:42For now,
09:44the action that SEBI has taken,
09:46what I have seen historically,
09:48that smoke does not rise without fire,
09:50this thing is definitely possible from somewhere.
09:52Sir, if we talk about
09:54the share of Quant Mutual Fund,
09:56then in Reliance Industries,
09:58there is about 11% and
10:00if we take Adani Power and
10:02talk about the rest, then there is
10:04around 3-7%
10:06share. So, do you
10:08think that this particular share
10:10which has 7% share,
10:12can be used?
10:14Absolutely, if SEBI takes action on this,
10:16then its impact will be very big and
10:18this is an alarming alert for you
10:20because you should
10:22definitely see such involvements
10:24and at least
10:26you can't leave it
10:28that whatever you left, they will see.
10:30There should not be such an approach here.
10:32You will have to keep
10:34an attentive approach here and
10:36if there is any action, then you need to
10:38take a decision before that.
10:40This is very important,
10:42see, greed is very big
10:44and I am saying this
10:46because in mid-cap
10:48and small-cap,
10:50the overall investment is
10:5243%, so people are investing in Quant Mutual Fund.
10:54Quant means that
10:56you go with full calculation,
10:58you use such a strategy
11:00so that people benefit,
11:02instead of doing some manipulation
11:04or front running and
11:06if you want to give some benefit to the investor,
11:08then a bubble is created from the stock
11:10and if that bubble bursts,
11:12then the loss is only of the investor.
11:14So, you might have understood
11:16what I am trying to say
11:18to the viewers.
11:20So, it is important that
11:22you do R&D properly
11:24and invest in stocks.
11:26Quant, Alpha,
11:28these types of attractive funds
11:30definitely give you a return,
11:32but when such a case comes,
11:34then people face a lot of problems.
11:36So, this is not the first case
11:38that the front running of Quant
11:40has come to light.
11:42There have been many fund houses
11:44that have faced such allegations
11:46and those cases have been proven right.
11:48As you said,
11:50if there is no fire,
11:52then there is no spark.
11:54So, somewhere it will be true.
11:56So, you tell me,
11:58as an investor, when I go to invest in mutual funds
12:00or another retail investor
12:02goes to invest in mutual funds,
12:04then what should they keep in mind
12:06and only then should they invest their money.
12:08See, you have talked about
12:10the key that it is not so easy to get it,
12:12but I can help out a little
12:14and tell you some points.
12:16First of all, keep any historical data
12:18as just one part.
12:20When someone sells a product,
12:22then that historical data shows
12:24that my fund is giving
12:26a 30% return
12:28and there is no guarantee for the future.
12:30People are attracted to that first.
12:32But the past is history
12:34and by looking at it,
12:36you can only guess.
12:38But that is not the point.
12:40The point is that
12:42how is the fund growing
12:44in that fund.
12:46In those stocks,
12:48if we go into the specifics of those stocks,
12:50are all the stocks good?
12:52Now, if I just look at
12:54the mutual fund,
12:56I have tried to analyze
12:58a lot of shares after that.
13:00So I have understood that
13:02small cap companies
13:04about whom you will never
13:06think of investing.
13:08You must have understood my point.
13:10I don't want to go into too much detail.
13:12But we will definitely
13:14shoot more videos on this.
13:16We will share more with you.
13:18But I can say that
13:20you will not want to invest in those shares
13:22on which mutual funds are investing.
13:24Avoid such mutual funds.
13:26Second, whenever you
13:28invest in a mutual fund,
13:30you must see
13:32how much weight it is giving to the company.
13:34People only look at
13:36the historical performance
13:38that it has given a 30% return
13:40and will continue to give 30% in the future.
13:42This never happens.
13:44So you have to look at the allocation of that stock.
13:46You have to look at the investment of the fund.
13:48And the performance
13:50if it is a market standard performance
13:52then it is a good thing.
13:54But if it is a much more volatile performance
13:56then I think it should be ignored.
13:58The second important thing
14:00is that while investing in a mutual fund
14:02you must ask
14:04what is its maximum drawdown.
14:06You can forget
14:08to ask the maximum profit
14:10but you must ask the maximum drawdown.
14:12The maximum drawdown is
14:14how much loss can I have
14:16or how much loss
14:18has happened in the past.
14:20If you ask these things
14:22then I think you will get all the answers.
14:24After that you take a decision
14:26to invest in a mutual fund.
14:28You have shared very good information with us.
14:30As you always do
14:32and the viewers also like
14:34the tips you give.
14:36Thank you for joining us.
14:38Thank you for your time sir.
14:40You don't have to worry too much.
14:42Whatever strategies Dr. Ravi Singh
14:44has shared with you,
14:46take care of all those things.
14:48I am sure you found the information
14:50very helpful.
14:52If you are watching on YouTube, then like the Facebook page.
14:54If you are watching on YouTube, then don't forget to subscribe to the channel.
14:56Thank you for watching us.