ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May

Quant Mid Cap Fund added three new stocks to its portfolio in May: ITC, Lupin, and Aditya Birla Lifestyle Brands. It also made a complete exit from three stocks during the same period—Cochin Shipyard, Bharat Heavy Electricals, and Ipca Laboratories.

The mid cap fund added 50 lakh shares of ITC, followed by 27.64 lakh shares of Aditya Birla Lifestyle Brands and 1.90 lakh shares of Lupin during the said period. On the other hand, the fund sold 16.78 lakh shares of Bharat Heavy Electricals from its portfolio in the same timeframe.

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Around 8.80 lakh shares of Cochin Shipyard and 5.26 lakh shares of Ipca Laboratories were also offloaded from the portfolio in May.

The fund increased its stake in Hindustan Petroleum Corporation by adding 22.51 lakh shares, taking the total number of shares to 47.79 lakh in May, up from 25.28 lakh in April.

Further, the fund increased its exposure to Colgate-Palmolive (India) and Marico by adding 2.47 lakh and 2.43 lakh shares, respectively, during the same period.

Exposure in five stocks was reduced in May, with the largest being in Container Corporation of India, where around 61.22 lakh shares were sold from the portfolio. Additionally, around 5.53 lakh shares of Aditya Birla Fashion and Retail and 2.53 lakh shares of Reliance Industries were sold.

The other two stocks where exposure was trimmed during the said period were LIC Housing Finance and MRF.

Exposure in 17 stocks remained unchanged compared to the previous month, including Jio Financial Services, JSW Infrastructure, GMR Airports, Tata Power Company, Tata Communications, United Breweries, Oil India, and Bharat Forge.

The number of stocks in the portfolio remained at 28 in May. The fund had an AUM of Rs 9,032 crore during the month.

The primary investment objective of the scheme is to seek capital appreciation and provide long-term growth opportunities by investing in a portfolio of mid-cap companies.

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The fund is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, and Sanjeev Sharma. It is benchmarked against the NIFTY MIDCAP 150 TRI.

According to the monthly release by the fund house, the Quant Mid Cap Fund invests a majority of its portfolio in mid-cap stocks, aligning with both medium-term and long-term investment horizons, making the scheme suitable for long-term investors.