Rs 1400 Crore Pulled from Quant Mutual Fund in a Record 3-Day Period

Attention investors! Over the last three days, Quant Mutual Fund has redeemed a staggering Rs 1400 crore. The cause? Growing concerns over SEBI's investigation into a front-running case. This has understandably caused a wave of worry and uncertainty among investors about whether to stay invested or to pull out.

Market experts, however, suggest that these redemptions, while significant, are part of normal market dynamics and driven by personal investor circumstances. They stress the importance of not making hasty decisions based on fear or incomplete information.

Tips for Investors:

Get the Facts: Stay updated on the SEBI investigation and understand its implications for your investments.

Evaluate Your Strategy: Reassess your investment strategy based on your financial goals and risk tolerance.

Hold Steady: Experts recommend holding on to your existing investments and not adding new money until the market stabilizes.

Remember, the key to successful investing is staying informed and making decisions based on a well-rounded understanding of the market landscape.

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Sattrix Information Security IPO: What Investors Should Know?

Sattrix Information Security IPO is open for subscription starting Wednesday, June 5, 2024, and closing on Friday, June 7, 2024. The price of this upcoming IPO is decided at Rs 121 per share. The minimum lot size set for the retail category is 1000 shares.   

Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1000 shares. The minimum investment required for retail category investors is Rs 1,21,000 (121 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,42,000 (121 x 2000 shares). Sattrix Information Security IPO is a fixed price issue of Rs 21.78 crores. This upcoming IPO is an entirely fresh issue of 18 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, June 10, 2024. 

Sattrix Information Security IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, June 12, 2024. The book-running lead manager of Sattrix Information Security IPO is Isk Advisors Private Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Sunflower Broking.  

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