Mazagon Docks Stake Reduced, Know Important Updates from Quant Small Cap Fund
Quant Small Cap Fund is an open-ended equity fund that invests in a portfolio of small-cap companies. Quant Small Cap Fund is the largest fund, which is handled by Quant Mutual Fund. The fund decreased its investment in five stocks in December, including Mazagon Dock Shipbuilders, eClerx Services, Aadhar Housing Finance, India Shelter Finance Corporation, and Om Infra.
India Shelter Finance Corporation’s shares in the portfolio were decreased by Rs. 4.29 lakh. The total number of shares went down to Rs. 22.46 lakh in December from Rs. 26.76 lakh in November. At the same time, the small-cap fund also sold up to Rs. 1.14 lakh shares of Om Infra.
A small-cap fund sold approx. 66,327 shares of eClerx Services in December, which was followed by 42,000 shares of Mazagon Dock Shipbuilders at the same time and 5,201 shares sold of Aadhar Housing Finance.
There are five stocks in which stakes were increased, and those are Welspun Enterprises, RBL Bank, MOIL, Housing & Urban Development Corporation, and Aster DM Healthcare. There are approx. Rs. 62.16 lakh shares of RBL Bank and Rs. 18.80 lakh shares of Welspun Enterprises were added to the portfolio. Smallcap fund added shares of Aster DM Health Care and HUDCO of Rs. 13.84 lakh and Rs. 11.14 lakh, followed by 6.86 shares of MOIL.
There is no difference in the stake of 72 stocks, which include Adani Enterprises, Adani Power, Balrampur Chini Mills, Bata India, Bikaji Foods International, Cochin Shipyard, Jio Financial Services, HP Adhesives, JM Financial, Juniper Hotels, Just Dial, LIC, SBI, and Zydus Wellness. A complete exit was made from Gillette India and Primo Chemicals in December by selling 6,580 shares and 45.56 lakh shares, respectively.
The scheme was launched in 1996 and has an AUM of Rs. 26,670 crore as of December 31, 2024. The main objective of this scheme is to generate capital appreciation & offer long-term growth opportunities through investing in a portfolio of small-cap companies.
The scheme is managed by a team of professionals, and those are Ankit Pande, Vasav Sahgal, and Sanjeev Sharma, and is benchmarked by Nifty Smallcap 250 TRI.
