The Quant Small Cap Mutual Fund witnessed notable changes in its portfolio in July 2024, with the addition of three new stocks and the removal of HDFC Bank Ltd. from its top 10 holdings. This blog explores these changes and their implications for investors.
From June to July 2024, the Assets Under Management (AUM) of Quant Small Cap Fund rose by 6.80%, increasing from Rs 22,967 crore to Rs 24,530 crore. This growth reflects a positive investor sentiment and effective fund management.
The Quant Small Cap Fund, launched on November 24, 1996, focuses on long-term investments in small-cap stocks. It aims to capture high-growth companies with attractive valuations that are relatively under-owned. As of July 2024, the fund has delivered 13.50% returns since inception and an impressive 52.32% over the past year. It tracks the BSE 250 SmallCap TRI and has an expense ratio of 1.62%. From March 24, 2020, to July 31, 2024, the fund achieved an absolute return of 940.86%, with a portfolio beta of 1.10.
The allocation to the top 10 holdings decreased from 46.03% in June 2024 to 42.19% in July 2024. Notable changes in the top 10 holdings include:
| Securities | June 2024 Top 10 Holdings (%) | July 2024 Top 10 Holdings (%) | % Change |
| Reliance Industries Ltd. | 10.63 | 9.57 | -1.06 |
| HDFC Bank Ltd. | 7.27 | No more in the top 10 holdings | – |
| Jio Financial Services Ltd. | 5.68 | 4.88 | -0.8 |
| Aegis Logistics Ltd. | 3.57 | 4.46 | 0.89 |
| Bikaji Foods International Ltd. | 3.51 | 3.28 | -0.23 |
| Adani Power Ltd. | 3.44 | 3.3 | -0.14 |
| IRB Infrastructure Developers Ltd. | 3.43 | No more in the top 10 holdings | – |
| Housing & Urban Development Corporation Ltd. | 3.26 | No more in the top 10 holdings | – |
| RBL Bank Ltd. | 2.78 | 2.6 | -0.18 |
| National Aluminium Co. Ltd. | 2.47 | 2.27 | -0.2 |
| Aditya Birla Fashion and Retail Ltd. | – | 4.13 | 4.13 |
| HFCL Ltd. | – | 4.04 | 4.04 |
| Sun TV Network Ltd. | – | 3.65 | 3.65 |
The inclusion of Aditya Birla Fashion and Retail Ltd., HFCL Ltd., and Sun TV Network Ltd. in the top 10 holdings marks significant additions, while HDFC Bank Ltd., IRB Infrastructure Developers Ltd., and Housing & Urban Development Corporation Ltd. have been removed from the top 10.
The fund’s equity and equity-related instruments allocation decreased from 98.17% in June 2024 to 87.09% in July 2024. Consequently, the share of money market instruments and cash rose significantly from 1.83% to 12.91%.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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