Quant Mid Cap Fund completely exited Reliance Industries (RIL) and three other stocks in June, while adding Bharat Heavy Electricals (BHEL) and one more stock as new entrants to its portfolio. (Source: ACE MF)
The fund sold 21.38 lakh shares of RIL during the month, with a market value of Rs 282 crore. It also exited 26.42 lakh shares of PB Fintech, 35,027 shares of Torrent Pharmaceuticals, and 13,164 shares of Oracle Financial Services Software (OFSS).
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BHEL and L&T Technology Services were the new additions to the portfolio, with the fund acquiring 92.71 lakh and 1.02 lakh shares, respectively.
The fund also increased its exposure to Nippon Life India AMC, Indus Towers and Persistent Systems. It added 6.77 lakh shares of Nippon Life India AMC, taking its holding to 31.67 lakh shares in June from 24.89 lakh in May. It also bought 87.39 lakh shares of Indus Towers and 2.12 lakh shares of Persistent Systems.
On the other hand, the fund trimmed its holdings in Tata Communications and Lenskart Solutions. It sold 2.03 lakh shares of Tata Communications, reducing its holding to 39.24 lakh shares, while offloading 14.59 lakh shares of Lenskart Solutions, leaving it with 9.28 lakh shares.
The fund's holdings remained unchanged in 13 stocks, including Adani Energy Solutions, Premier Energies, Anthem Biosciences, Aurobindo Pharma, ICICI Bank, United Breweries, Godrej Properties and IRB Infrastructure Developers.
The portfolio comprised 20 stocks in June, down from 22 in May, spread across 17 sectors. Healthcare accounted for the largest allocation at 15.53%, followed by telecom (15.15%) and iron & steel (8.17%).
By percentage of NAV, Aurobindo Pharma remained the fund's largest holding at 10.41%, followed by Tata Communications (9.50%) and Lloyds Metals & Energy (8.17%).
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The scheme aims to generate long-term capital appreciation by investing in a portfolio of mid-cap companies. Its performance is benchmarked against the Nifty Midcap 150 TRI.
The fund managed assets under management (AUM) of Rs 8,138 crore as of June 30, 2026. It is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate and Sanjeev Sharma.
According to the fund's monthly factsheet, the portfolio is designed to capture the dynamism, innovation and earnings momentum of the mid-cap universe. During June, the fund reduced its exposure to oil & gas (-5.65%) and financial services (-2.9%). The fund believes the mid-cap segment is entering a favourable phase, supported by improving fundamentals.
The fund aims to deliver superior capital appreciation through disciplined stock selection and active risk management.
(Disclaimer: Recommendations, suggestions, views and opinions expressed by experts are their own and do not represent the views of The Economic Times)
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