New Delhi, Aug. 2 -- Quant Mutual Fund has received an approval from the Securities and Exchange Board of India (SEBI) to launch a Specialized Investment Fund (SIF), becoming the first assets management company in India to launch such funds.

"quant Mutual Fund gets SEBI approval to launch India's First Long- Short Fund in Newly created SIF (Specialised Investment Fund) category," the company said in a post on X on Friday.

It also confirmed the news in a newsletter to investors.

The SIF of Quant Mutual Fund, named QSIF Equity Long-Short Fund, is slated to launch in August this year. This marks a huge milestone in the evolution of India's asset management landscape.

(This is a developing story. Check back for updates)

Published by HT D...