Quant Mid Cap Fund exits Bharat Forge & 2 others, trims exposure in Ajanta Pharma in August

Quant Mid Cap Fund, a prominent mid cap fund managed by Quant Mutual Fund, has made exit from Bharat Forge and two other stocks in August whereas has trimmed exposure in Ajanta Pharma in the same time period.

The mid cap fund made complete exit from Bharat Forge, Colgate-Palmolive (India), and Aditya Birla Fashion and Retail. Around 23.90 lakh shares of Bharat Forge were sold out from the portfolio, followed by 8.63 lakh shares of Aditya Birla Fashion and Retail and 1.87 shares of Colgate - Palmolive (India) were sold out from the portfolio in the same time period.

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Around 1.20 lakh shares of Ajanta Pharma were offloaded from the portfolio taking the total number of shares to 3.27 lakh in August compared to 4.48 lakh in July.

This mid cap fund managed by Sandeep Tandon led Quant Mutual Fund has increased its exposure in LIC Housing Finance and Anthem Biosciences. The fund added 6.42 lakh shares of Anthem Biosciences taking the total count in the portfolio to 16.83 lakh in August compared to 10.40 lakh in July.

It also added 1.87 lakh shares of LIC Housing Finance to the portfolio and the total number of shares were recorded at 14.90 lakh in August. This mid cap fund did not add any new stock in its portfolio in August.

The exposure in 22 stocks remained unchanged which includes Hindustan Petroleum Corporation, Lupin, RIL, Tata Power Company, Tata Communications, ITC, United Breweries, GMR Airports, Oil India, IRCTC, Indus Towers, LIC, and Premier Energies in the mentioned time period.

The stock count in the portfolio in August was recorded at 25 compared to 28 stocks in July.

Launched on March 20, 2001, the fund had an AUM of Rs 8,319 crore in August compared to an AUM of Rs 8,778 crore in July. The primary investment objective of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio of mid cap companies.

The performance of the fund is benchmarked against Nifty Midcap 150 TRI and is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma.

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In the last six months, the fund has gained 10.19% whereas in the last three years, the fund gained 16.49%. This mid cap fund gave a CAGR of 27.16% in the last five years. Since its inception, the fund has offered a CAGR of 13.24%.

According to the monthly release by the fund house, Quant Mid Cap Fund invests majority of its portfolio in mid-cap stocks and from both medium-term and long-term perspective and this scheme is apt for long-term investors. Potential leaders of tomorrow form the bulk of the portfolio, with a broad range of companies at every stage of the business cycle.

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