Quant Mutual Fund reduces its cash holdings below 14% in September

Quantitative mutual fund deployed more cash into the rising market, as cash as a percentage of total assets under management fell from 19.09% in August to 13.74% in September. The total cash held by Quant Mutual Fund was Rs 12,614 crore in September and the total assets under capital management was recorded at Rs 79,197 crore.

The fund house manages 21 stocks mutual funds. Of these 21 schemes, four funds had more than Rs 1,000 crore in cash in their respective portfolios. Quant Small Cap Fund it had the largest amount of cash in its portfolio of around Rs 3,480 crore in September with an equity AUM of Rs 23,163 crore.

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Quantitative Active Fund had Rs 1,482 crore in cash in its wallet. Quant Flexi Cap and Bottom Quant Mid-Cap Fund had Rs 1,344 crore and Rs 1,177 crore in cash respectively in September.

Quant Large & Mid Cap Fund had Rs 549 crore in cash in its portfolio with an equity AUM of Rs 549 crore. Quant Value Fund and Quant PSU Fund had Rs 367 crore and Rs 263 crore in cash in their respective portfolios in September.

Two sector/thematic funds, Quant Business Cycle Fund and Quant BFSI Fund, had Rs 198 crore and Rs 103 crore in cash respectively in the mentioned month. Around six schemes run by the fund house had less than Rs 100 crore cash in their portfolios. Two sector funds, Quant Manufacturing Fund and Quant Consumption Fund, had Rs 77.32 crore and Rs 73.58 crore in cash in their portfolios. Four sector/thematic funds – Quant Teck Fund, Quant ESG Equity Fund, Quant Commodities Fund and Quant Healthcare Fund – had cash between Rs 23.58 crore and Rs 50.15 crore in the mentioned period.

Fund managers may keep a portion of their portfolio in cash to deal with events such as redemptions or make investments when they see a potential opportunity in the market.

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Among the schemes managed by the fund house (including hybrid schemes), 17 schemes received inflows and six schemes recorded monthly outflows. Quant Small Cap Fund, the only fund to receive an inflow of more than Rs 1,000 crore, received an inflow of Rs 1,109 crore on a monthly basis, taking the total AUM to Rs 26,644 crore in September from Rs 25,534 crore in August .

Quant Mid Cap Fund recorded an inflow of Rs 133 crore, followed by Quant Large & Mid Cap Fund, which received an inflow of Rs 121 crore.

Quant Quantamental Fund recorded the highest outflow of Rs 67.62 crore in September. Quant Infrastructure Fund and Quant PSU Fund saw an outflow of Rs 53.93 crore and Rs 47.11 crore respectively.

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