Quant Mid Cap Fund exits ITC & 3 others, trims stake in RIL & 2 more stocks in January

Quant Mid Cap Fund, a mid cap fund managed by Quant Mutual Fund, made a complete exit from ITC and three other stocks in January and also trimmed its stake in RIL and two other stocks in the same period.

The fund sold 50 lakh shares of ITC from its portfolio worth market value of Rs 201 crore. The other three stocks from which the fund made complete exit were LIC Housing Finance, Tata Power Company, and Biocon.

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Around 46.75 lakh shares of Tata Power Company, 22.04 lakh shares of LIC Housing Finance, and 7.80 lakh shares of Biocon were sold out from the portfolio.

The mid cap fund sold 20.25 lakh shares of Reliance Industries from its portfolio and had nearly 10.59 lakh shares in its portfolio in January compared to 30.85 lakh shares in December.

Nearly 96 lakh shares of GMR Airports and 30.19 lakh shares of IRB Infrastructure Developers were sold out from the portfolio.

Around 3.48 lakh shares of SBI Cards and Payment Services were added to the portfolio taking the total count to 30.09 lakh in January compared to 26.60 lakh in December. The fund added 87,952 shares of Oracle Financial Services Software.

NMDC and Nippon Life India Asset Management were the new entrants in the portfolio as 64.38 lakh shares of NMDC and 11.05 lakh shares of Nippon Life India AMC were added to the portfolio.

The exposure in 13 stocks remained unchanged which includes Tata Communications, Escorts Kubota, Aurobindo Pharma, United Breweries, Godrej Properties, LIC, Premier Energies, and Anthem Biosciences.

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In January, the fund had 20 stocks in its portfolio compared to 22 stocks in the December 2025 portfolio. The portfolio of the fund is spread across 17 sectors. As a percentage to NAV, the fund had the highest allocation in Aurobindo Pharma of around 9.90% followed by Tata Communications where the allocation was 8.55%.

The fund had an AUM of Rs 7,283 crore as of January 31, 2026 against an AUM of Rs 8,057 crore in December 2025 indicating a decline of 10% on monthly basis.

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. Launched on March 20, 2001 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.

According to the monthly factsheet, the mid cap fund is an equity-oriented strategy that predominantly invests a minimum of 65% in mid-cap companies with strong growth potential across both medium-term and long-term horizons and the portfolio is designed to capture the dynamism, innovation, and earnings momentum that define the mid-cap universe.

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The fund seeks to deliver superior capital appreciation through disciplined stock selection and active risk management. Recently, we have increased exposure to private sector banks. During the month, mid cap mix came down while small caps increased marginally due to reclassification.

Since its inception, the fund has delivered a return of 12.67%. In the last three years, the fund delivered a return of 14.19% and in the last five years, the fund gave 19.83%.

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