In August, the small-cap fund increased its holding in 16 stocks. It added around 27.89 lakh shares of Aster DM Healthcare, taking the total shares to 62.29 lakh in August from 34.39 lakh shares in July. The fund added 27.53 lakh shares of Piramal Enterprises and 12.52 lakh shares of Zydus Wellness in August.
Around 9.17 lakh and 9 lakh shares of Sun Television Network and Capacite Infraprojects, respectively, were added to the small-cap fund’s portfolio in August. The fund added 3.84 lakh shares of Indian brick taking the total number of shares in the portfolio to 13.91 lakh in August.
The fund added 2.29 lakh shares of Reliance Industries and 1.48 lakh shares of Poly medicine last month.
Quant Small Cap Fund sold 14.65 lakh shares of RBL Bank and around 9.95 lakh shares of Gopal Snacks. It also sold 4.60 lakh and 3.43 lakh shares of Latent View Analytics and Neogen Chemicals, respectively. Around 1.88 lakh shares of Balrampur Chini Mills and 68,773 shares of Jash Engineering They were sold last month.
The fund manager made no changes to around 52 stocks. These stocks included Jio Financial Services, Adani Power, Aditya Birla Fashion and Retail, Anand Rathi WealthEID Parry (India), HFCL, Juniper Hotels, Oriental Hotels, Just Dial, Sanofi India, Karnataka Bank. In August, only one new fund was added to the portfolio – Punjab Alkalies And Chemicals, with 45.56 lakh shares. The smallcap fund made complete exit of eight stocks, which included Affle (India), Engineers India, Jindal Steel & Power, Primo Chemicals, The Ramco Cements, Vimta Labs, National Aluminium Company and Pix Transmissions.
The bulk of the Quant Small Cap Fund’s portfolio is comprised of small-cap stocks and is built from medium- and long-term perspectives. The scheme is suitable for long-term investors. The bulk of the portfolio is invested in high-growth companies with attractive valuation and relatively under-owned, according to the fund manager’s monthly fact sheet.
The primary investment objective of the scheme is to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio of small-cap companies. There is no guarantee that the investment objective of the scheme will be achieved.
The small-cap fund’s assets under management stood at Rs 25,535 crore as of August 31, 2024.
The fund is managed by Ankit Pande, Vasav Sahgal and Sanjeev Sharma. The scheme is benchmarked by NIFTY SMALLCAP 250 TRI.
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