Quant Small Cap Fund adds Adani Green Energy and 3 other stocks, exits LIC in December

Quant Small Cap Fund has added Adani Green Energy and three other stocks to its portfolio in December and has made a complete exit from Life Insurance Corporation of India during the same period.

A further analysis of the portfolio showed that the fund has reduced its stake in Reliance Industries, Oil and Natural Gas Corporation, and two other stocks, whereas it has increased its stake in Aditya Birla Lifestyle Brands and 11 stocks during the mentioned time frame.

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The small cap fund added Adani Green Energy, HDFC Life Insurance Corporation, Ravindra Energy, and S.P. Apparels in December. Around 54.36 lakh shares of Adani Green Energy were added to the portfolio in the said time period, followed by 23.23 lakh shares of HDFC Life Insurance, 8.05 lakh shares of S.P. Apparels, and nearly 7 lakh shares of Ravindra Energy.

This small cap fund from Quant Mutual Fund made a complete exit from Life Insurance Corporation (LIC) by selling 7.35 lakh shares from its portfolio.

Exposure was increased in 12 stocks, which included names such as Aarti Industries, Aditya Birla Lifestyle Brands, Black Box, Capri Global Capital, Poly Medicure, and Sun TV Network.

Among these 12 stocks, nearly 99 lakh shares of HFCL were added to the portfolio, taking the total count to 8.99 crore shares in December compared with 8 crore shares in November. This was followed by the addition of 38 lakh shares of Samvardhana Motherson International and 35.83 lakh shares of Aditya Birla Lifestyle Brands. Around 26,792 shares of Black Box were added to the portfolio during the said time period.

The stake was reduced in four stocks, which included Reliance Industries, ONGC, Bata India, and Oriental Hotels in December.

Among these four stocks, around 1.78 crore shares of ONGC were sold from the portfolio, taking the total number of shares to 4.99 lakh in December from 1.83 crore in November.

The fund sold 9.87 lakh shares of Reliance Industries and held 1.85 crore shares in its portfolio as of December 31, 2025. This was followed by the sale of 7.17 lakh shares of Bata India and 5.86 lakh shares of Oriental Hotels.

Exposure in 77 stocks remained unchanged, which included names such as Adani Enterprises, Bayer CropScience, EID Parry (India), Gland Pharma, Jio Financial Services, NBCC, NCC, RBL Bank, and Welspun Corporation.

In December, the fund had 97 stocks in its portfolio compared with 94 stocks in the previous month.

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The small cap fund had an AUM of Rs 29,785 crore as of December 2025. Launched on October 29, 1996, the fund is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, and Sanjeev Sharma.

The performance is benchmarked against the Nifty Smallcap 250 TRI. 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 small cap companies.

According to the monthly factsheet, this scheme is suitable for investors with a long-term investment horizon and a high risk appetite. The bulk of the portfolio is invested in high-growth companies with attractive valuations and is relatively under-owned.

Given our defensive view of the market, we have focused on maintaining the liquidity of the portfolio and mitigating the impact of high impact costs. To that end, we have maximised the proportion of large caps and also increased exposure to select small caps over the last month, the fund house said in its monthly release.

Going forward, we will consider increasing exposure to small caps as we expect the space to outperform and catch up with the headline indices, the monthly release further added.

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