Quant Mid Cap Fund made a complete exit from ICICI Bank and two other stocks in August, while adding IDBI Bank, Container Corporation of India (Concor) and three other stocks to its portfolio during the same period, according to the monthly portfolio disclosed by ACE MF.
The midcap fund sold 26.15 lakh shares of ICICI Bank worth Rs 375 crore from its portfolio in August. It also sold 6.30 lakh shares of Ambuja Cements and 1.27 lakh shares of L&T Technology Services during the same period.
Around 45.58 lakh shares of IDBI Bank were added to the portfolio, worth Rs 41.43 crore during the said period. The fund also added 28.28 lakh shares of Container Corporation of India (Concor) to its portfolio.
Among the other three stocks, the midcap fund added the maximum number of shares of Sona BLW Precision Forgings. It added 37.22 lakh shares of Sona BLW Precision Forgings, worth Rs 302 crore.
Additionally, around 12.64 lakh shares of Zydus Lifesciences were added, followed by 3.69 lakh shares of Welspun Corporation.
Aurobindo Pharma was the only stock where the fund reduced its exposure, with 2 lakh shares sold. The fund held 49.02 lakh shares in its portfolio in August, compared with 51.03 lakh shares in the previous month.
Cochin Shipyard, LG Electronics India and GlaxoSmithKline Pharmaceuticals were the three stocks where the mid cap fund increased its stake during the period. Around 6.72 lakh shares of GlaxoSmithKline Pharmaceuticals were added to the portfolio, taking the total number of shares to 7.73 lakh in August, compared with 1 lakh in July.
The fund added 2.25 lakh shares of Cochin Shipyard to its portfolio and held nearly 4.98 lakh shares in August. This was followed by the addition of 1.26 lakh shares of LG Electronics India, taking its total holding to 22.61 lakh shares.
The exposure remained unchanged in 16 stocks, including Bharat Heavy Electricals, United Breweries, Indus Towers, Nippon Life India Asset Management Company, Persistent Systems, Adani Energy Solutions, Premier Energies, Godrej Properties, AWL Agri Business and Tata Communications.
There were 25 stocks in the portfolio of the midcap fund in August, compared with 23 stocks in the previous month. The portfolio was spread across 20 sectors, with the highest allocation to the healthcare sector at around 17.16%. This was followed by the telecom and iron & steel sectors, where the allocation was 14.35% and 9.27%, respectively.
As a percentage of NAV, the fund had the highest allocation to Aurobindo Pharma at around 10.45%, followed by Tata Communications and Lloyds Metals & Energy, where the allocation was 8.40% and 8.18%, respectively.
As of August 2026, the fund had an AUM of Rs 8,055 crore, against an AUM of Rs 8,106 crore in the previous month. The fund held 14.09% in large caps, 65.85% in mid caps, 11.78% in other and 8.28% in small caps.
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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. The performance is benchmarked against Nifty Midcap 150 - TRI.
The fund is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate and Sanjeev Sharma.
According to the monthly factsheet, the fund is an equity-oriented strategy that predominantly invests in mid-cap companies with strong growth potential across both medium- and long-term horizons. The portfolio is designed to capture the dynamism, innovation and earnings momentum that define the mid-cap universe.
The fund house further said that during August 2026, exposure to Healthcare (+7.00%), Capital Goods (+4.12%) and Auto (+3.76%) increased, while Financial Services (-4.04%) and IT (-1.96%) were reduced. Mid-caps are in a favourable phase, supported by improving fundamentals. The fund seeks to deliver superior capital appreciation through disciplined stock selection and active risk management.
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