The stocks that Quant MF bought and sold in June

data from Value Research shows that the fund house received total inflows of Rs 2,570 crore across its 21 schemes in June, down from Rs 5,349 crore in May and Rs 4,997 crore in April.

HDFC Bank, Tata Steel, Reliance Industries, The Ramco Cement, Samvardhana Motherson International.

What do these stocks have in common, one may ask? These stocks, among a few others as well, feature among the list of most favourite stocks of Quant Mutual Fund, which has been in the news for the last couple of weeks since Moneycontrol reported that the fund house is under the regulatory scanner.

The fund house, which has assets under management totalling Rs 81,000 crore, has maintained its robust purchasing momentum in the Indian markets, focusing notably on HDFC Bank for the second consecutive month.

In June, the AMC allocated approximately Rs 8,700 crore across 189 stocks, following a Rs 12,500 crore investment in 178 stocks in May. Previously, in April, their investments in 179 Indian stocks amounted to around Rs 4,070 crore.

The fund's largest acquisition was once again HDFC Bank, with approximately Rs 4,800 crore invested in June, following a Rs 2,669 crore investment in May.

In June, Quant MF purchased around 2.86 crore shares of HDFC Bank, as a result of which, the value of Quant MF’s total holding in HDFC Bank rose significantly to Rs 7,755 crore from Rs 2,671 crore in May.

In terms of schemes, Quant SmallCap Fund - Growth bought the largest chunk of HDFC Bank, buying shares worth Rs 1,142 crore, followed by Quant Flexi Cap Fund - Growth at Rs 630 crore, Quant Active Fund - Growth at Rs 585 crore, and Quant MidCap Fund - Growth at Rs 566 crore.

Additionally, Quant Large & MidCap Funds - Growth and Quant Quantamental Fund Regular Plan - Growth each bought HDFC shares worth over Rs 250 crore.

In addition to HDFC Bank, Quant Mutual Fund made significant investments in several other companies.

It allocated Rs 835 crore to Tata Steel, Rs 645 crore to Reliance Industries Ltd, Rs 453 crore to The Ramco Cement, and Rs 423 crore to Samvardhana Motherson International.

On the other hand, the list of stocks that the fund house sold included Jindal Steel & Power (selling worth Rs 467 crore), followed by Adani Power and Oracle Financial Services Software with sales of Rs 355 crore and Rs 285 crore, respectively.

Other notable stocks on the selling side were NMDC (Rs 260 crore), HCL Technologies (Rs 147 crore), Vodafone Idea (Rs 121 crore), and Kotak Mahindra Bank (Rs 118 crore).

Meanwhile, data from Value Research shows that the fund house received total inflows of Rs 2,570 crore across its 21 schemes in June, down from Rs 5,349 crore in May and Rs 4,997 crore in April.

As of end-June, it held cash reserves of Rs 4,136 crore, an increase from Rs 3,282 crore in May but a decrease from Rs 4,417 crore in April, as per data from Value Research.

The fund house added 18 new stocks in June while completely exiting 11 stocks. Among the new additions, Ramco Cements was the largest purchase, with shares worth around Rs 453 crore, followed by Grasim Industries and Gail India, which saw purchases of approximately Rs 152 crore and Rs 118 crore, respectively.

Other new additions included Bharat Forge, Birlasoft Ltd, Gillette India, and SBI Life Insurance.

Among the stocks that were completely exited, Hindalco Industries was the largest sale, worth Rs 656 crore, followed by BHEL and NLC India, with selling worth Rs 473 crore and Rs 257 crore, respectively.

The fund house also sold Coal India (Rs 227 crore), Adani Green Energy (Rs 162 crore), and PNB Housing Finance (Rs 148 crore), among others.

Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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