SEBI conducted search and seizure operations on Quant Mutual Fund suspecting front-running, reported Moneycontrol. The fund's headquarters in Mumbai and a suspected beneficial ownership address in Hyderabad were searched, it said. Founded by Sandeep Tandon, Quant's assets have grown from about ₹100 crore in 2019 to over ₹90,000 crore today. "Fully committed to cooperating with SEBI," said Quant.