Quant Mid Cap Fund managed by Sandeep Tandon led Quant Mutual Fund has added Adani Energy and four other stocks in its portfolio as new entrants in May and made complete exit from Paytm and three other stocks in the same period.
The mid cap fund added 10.67 lakh shares of Adani Energy worth Rs 161.50 crore. Around 30 lakh shares of Indus Towers, 23.87 lakh shares of Lenskart Solutions, 36,000 shares of Persistent Systems and 35,027 shares of Torrent Pharmaceuticals were added to the portfolio.
In April, the mid cap fund sold 4.17 lakh shares of Lenskart Solutions from its portfolio worth Rs 20.86 crore after the company received boycott calls, online backlash over alleged curbs on religious symbols in its in-store dress code.
The fund sold 2.37 lakh shares of Paytm (One97 Communications) from its portfolio worth market value of Rs 26 crore. The fund also sold 62.89 lakh shares of SAIL, 19.76 lakh shares of LIC and 3.95 lakh shares of Colgate-Palmolive (India) from its portfolio in the said time period.
Nearly 1.07 lakh shares of Nippon India Life Asset Management were added to the portfolio taking the total count to 24.89 lakh shares in May compared to 23.81 lakh shares in April.
The stake was reduced in five stocks in May. Around 22.64 lakh shares of Premier Energies were sold out from the portfolio taking the total stock count to 37.07 lakh in May compared to 59.72 lakh in April.
The fund nearly sold 2.90 lakh shares of Anthem Biosciences, 1.22 lakh shares of Oracle Financial Services Software, 47,842 shares of Tata Communications and 46,879 shares of Aurobindo Pharma from its portfolio in May.
The exposure remained unchanged in nearly 11 stocks which included some names such as Reliance Industries, Lloyds Metals & Energy, Linde India, ICICI Bank, United Breweries, IRB Infrastructure Developers, AWL Agri Business, Godrej Properties, LG Electronics India, JSW Infrastructure, and PB Fintech.
As a percentage to NAV, the fund had the highest allocation in Tata Communications of around 10%, followed by Aurobindo Pharma where the allocation was 9.44%.
In May, the mid cap fund had 22 stocks in its portfolio compared to 21 stocks in the previous month. The portfolio was spread across 17 sectors which includes some sectors such as healthcare, telecom, iron & steel, infrastructure, IT, trading, bank, crude oil, consumer durables and industries gases & fuels.
The allocation in the healthcare sector was 15.66% in May, followed by the telecom sector where the allocation was 11.64% and the iron & steel sector where the allocation was 8.16%.
As of May 31, 2026, the fund had 13.13% in large caps, 57.16% in mid caps, 7.69% in small caps and 22.03% in others. On a broader term, the fund had 77.97% in equity, 18.12% in others and 3.92% in debt.
The performance 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.
In the last three months, the fund delivered a return of 12.57% compared to 7.17% by the benchmark. In the last three years, the fund gained 16.06% compared to 20.70% by the benchmark and since its inception, the fund posted a CAGR of 12.91%.
Also Read | Quant Small Cap Fund raises stake in Adani Enterprises and 8 others, trims in Aurobindo Pharma and 4 more
The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio of Mid Cap companies.
According to the monthly factsheet by the fund house, the mid cap fund is an equity-oriented strategy that predominantly invests in mid-cap companies with strong growth potential across both medium-term and long-term horizons; the portfolio is designed to capture the dynamism, innovation, and earnings momentum that define the mid-cap universe.
“During the month, exposure to Telecom (+8.10%) and Power (+1.99%) and Consumer services (+1.54%) was increased while Financial services (-4.32%) and Capital goods (-2.19%) and IT (-1.27%) was reduced.”
The fund house further said that mid-caps are entering a favourable phase supported by improving fundamentals and the fund seeks to deliver superior capital appreciation through disciplined stock selection and active risk management.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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