Quant Mid Cap Fund: Adani Energy and Paytm among stocks bought and sold in May

Quant Mid Cap Fund, managed by Sandeep Tandon, had an AUM of Rs 8,109 crore in May compared to Rs 7,904 crore in April. Here is what the fund bought and sold in May (Source: ACE MF)

The midcap fund added Adani Energy, Indus Towers, Lenskart Solutions, Persistent Systems, and Torrent Pharmaceuticals as new entrants in May.

The midcap fund made a complete exit from Paytm (One97 Communications), SAIL, LIC, and Colgate-Palmolive (India) from its portfolio in the said time period.

The fund increased its stake in Nippon India Life Asset Management by adding nearly 1.07 lakh shares and taking the total count to 24.89 lakh shares in May compared to 23.81 lakh shares in April.

The stake was reduced to five stocks in May. These stocks included Premier Energies, Anthem Biosciences, Oracle Financial Services Software, Tata Communications and Aurobindo Pharma in May.

The exposure remained unchanged in nearly 11 stocks, which included some names such as Reliance Industries, Lloyds Metals & Energy, Linde India, ICICI Bank, United Breweries, IRB Infrastructure Developers, AWL Agri Business, Godrej Properties, LG Electronics India, JSW Infrastructure, and PB Fintech.

According to the monthly factsheet by the fund house, during the month, exposure to Telecom (+8.10%), Power (+1.99%) and Consumer services (+1.54%) increased, while Financial services (-4.32%), Capital goods (-2.19%) and IT (-1.27%) decreased.