One of India’s leading mutual funds, Quant Mutual Fund’s Quant Small Cap Fund, expanded its investment strategy in October 2024 by increasing stakes in 13 stocks. During this period, the fund reduced its holdings in only 2 stocks.
Major companies where the fund increased its investment include Reliance Industries, Jio Financial Services, Aditya Birla Fashion & Retail, Aster DM Healthcare, BASF India, Bayer Crop Science, Pfizer, Piramal Enterprises, and Thyrocare Technologies.
Stocks Change in October
In October, the fund reduced its stake in Balrampur Chini Mills and HP Adhesives.
New Added Stocks
Quant Small Cap Fund added below 4 new stocks to its portfolio.
- Adani Enterprises
- Afcons Infrastructure
- Punjab Alkalies & Chemicals
- Tata Chemicals.
This expansion aims to strengthen the fund’s presence in new high-growth potential sectors.
Unchanged Stocks
Quant Small Cap Fund made no changes in over 50 stocks, including major names below:
- Aadhar Housing Finance
- Adani Power
- Aegis Logistics
- Bata India
- Bikaji Foods International
- HFCL
- Jan Small Finance Bank
- Indoco Remedies
- Juniper Hotels
- Minda Corporation
- Oriental Hotels
- RBL Bank
- Zydus Wellness.
October Portfolio Expansion and Structure
The fund’s portfolio expanded from 72 stocks in September to 75 in October. This growth shows the fund’s flexibility in capitalizing on emerging opportunities. The majority of Quant Small Cap Fund’s investments are in small-cap companies with higher growth potential. The portfolio is designed with a medium to long-term perspective to provide stability and growth benefits to investors.
Top 10 Stocks holding in Portfolio (as on 31st Oct,2024)
| Stock Invested | Sector | Value (Crore Rupee) | % of Total Holdings | Quantity | 1M Change in Qty |
| Reliance Industries | Refineries & marketing | 2425.12 | 0.0921 | 1.82 Cr | 95.17 L |
| Jio Financial Services | Non banking financial | 1663.54 | 0.0632 | 5.16 Cr | 6.55 L |
| Aegis Logistics | Trading – gas | 1055.52 | 0.0401 | 1.32 Cr | 0 |
| Aditya Birla Fashion | Speciality retail | 988.17 | 0.0375 | 3.21 Cr | 5.56 L |
| Bikaji Foods | Packaged foods | 956.46 | 0.0363 | 1.13 Cr | 0 |
| HFCL | Telecom – infrastructure | 897.35 | 0.0341 | 7.37 Cr | 0 |
| Poly Medicure | Medical equipment | 876.1 | 0.0333 | 30.48 L | 0 |
| Sun TV | Tv broadcasting & software | 775.7 | 0.0295 | 1.03 Cr | 0 |
| Adani Enterprises | Trading minerals | 727.5 | 0.0276 | 24.68 L | 24.68 L |
| Adani Power | Power Gen. | 670 | 0.0254 | 1.13 Cr | 0 |
Portfolio By Market Cap Category
- No of Stocks : 75
- Large Cap Investments : 11.89%
- Mid Cap Investments : 20.89%
- Small Cap Investments : 34.37%
- Other : 21.9%
Mid Cap Stocks Bought and Sold by Mutual Funds in October 2024
Best Small Cap Stocks with 100% CAGR Over the Last 5 Years
Investment Strategy
The fund believes that investing in stocks with high growth potential and attractive valuations is essential for long-term profitability. Quant Small Cap Fund primarily invests in companies with relatively low market presence. This approach has led the fund to increase its stakes in stocks with appealing valuations and long-term growth potential.
Assets Under Management
As of October 2024, Quant Small Cap Fund’s Assets Under Management (AUM) reached ₹26,331 crore. The fund operates using the NIFTY SMALLCAP 250 TRI as its benchmark. This fund is managed by experienced managers Ankit Pandey, Vasav Sehgal, and Sanjeev Sharma. The aims of this fund are to provide long-term returns and capital growth to investors.
Quant Small Cap Fund Returns:
- 20 Years: 17.32%
- 15 Years: 19.05%
- 10 Years: 20.96%
- 7 Years: 26.78%
- 5 Years: 46.14%
- 3 Years: 25.00%
- 2 Years: 38.90%
- 1 Year: 45.90%
- 6 Months: 9.89%
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