Key facts
- Quant Mid Cap Fund added Adani Energy in May.
- Quant Mid Cap Fund added Indus Towers in May.
- Quant Mid Cap Fund added Lenskart Solutions in May.
- Quant Mid Cap Fund added Persistent Systems in May.
- Quant Mid Cap Fund added Torrent Pharmaceuticals in May.
- Quant Mid Cap Fund exited Paytm in May.
- Quant Mid Cap Fund exited SAIL in May.
- Quant Mid Cap Fund exited LIC in May.
- Quant Mid Cap Fund exited Colgate-Palmolive (India) in May.
- Abakkus Small Cap Fund added three new stocks in May.
- Abakkus Small Cap Fund boosted holdings in HDFC Bank in May.
- Abakkus Small Cap Fund boosted holdings in State Bank of India in May.
The Quant Mid Cap Fund, under the management of Sandeep Tandon, executed a series of portfolio changes during May. The fund strategically added five new companies: Adani Energy, Indus Towers, Lenskart Solutions, Persistent Systems, and Torrent Pharmaceuticals. Concurrently, it exited positions in Paytm, SAIL, LIC, and Colgate-Palmolive (India), signaling a shift in its investment strategy.
In parallel, the Abakkus Small Cap Fund, a fund associated with Sunil Singhania, also saw substantial activity in May. This fund broadened its investment scope by incorporating three new stocks into its portfolio. Furthermore, Abakkus increased its stakes in prominent financial institutions HDFC Bank and State Bank of India. The fund also boosted its holdings in an additional 49 companies, indicating a general expansion of its investment activities.
Abakkus maintained its existing exposure in eight of its previous holdings. The cumulative effect of these transactions resulted in a rise in the fund's total stock count to 62 distinct companies. These adjustments by both funds reflect active portfolio management in response to market conditions or evolving investment theses during the month of May.