Jio Financial and RIL among 13 stocks where Quant Small Cap Fund increased stake in October

Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, has increased its stake in around 13 stocks in its portfolio in October. On the other hand, the fund has reduced its stake in only two stocks in the same period.

Among the 13 stocks where the fund has increased its exposure in October includes Aditya Birla Fashion And Retail, Aster DM Healthcare, BASF India, Bayer Cropscience, Jio Financial Services, Pfizer, Piramal Enterprises, Reliance Industries, and Thyrocare Technologies.

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The small cap fund reduced its stake in Balrampur Chini Mills and HP Adhesives in its portfolio in October.

The fund had added four new stocks in its portfolio which includes Adani Enterprises, Afcons Infrastructure, Punjab Alkalies and Chemicals, Tata Chemicals.

Quant Small Cap Fund made no change in the holdings of more than 50 stocks in October which included Aadhar Housing Finance, Adani Power, Aegis Logistics, Bata India, Bikaji Foods International, HFCL, Jana Small Finance Bank, Indoco Remedies, Juniper Hotels, Minda Corporation, Oriental Hotels, RBL Bank, and Zydus Wellness.

In September, the small cap fund had 72 stocks in its portfolio which were increased to 75 stocks in October.

Quant Small Cap Fund’s majority of the portfolio is composed of small-cap stocks and the portfolio is constructed from both a medium-term and long-term perspective and this scheme is apt for long-term investors. The bulk of the portfolio is invested in high growth companies with attractive valuation and is relatively under-owned, according to the monthly factsheet by the fund house.

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The primary investment objective of the scheme is to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio of smallcap companies.

The assets under management of the smallcap fund was recorded at Rs 26,331 crore as of October 31, 2024.

The fund is managed by Ankit Pande, Vasav Sahgal, Sanjeev Sharma. The scheme is benchmarked against NIFTY SMALLCAP 250 TRI.