Quant Mid Cap Fund Makes Full Exit from IRCTC, Increases Stake in Anthem Biosciences, SBI Cards and 2 Others

In December, Quant Mid Cap Fund made a complete exit from Indian Railway Catering and Tourism Corporation (IRCTC) and realigned its portfolio by increasing exposure to Anthem Biosciences and four other listed companies. The fund also added a new entrant while maintaining steady positions in 15 existing stocks. 

Portfolio Changes: Exit from IRCTC and Increased Stakes in Mid Cap Stocks 

Quant Mid Cap Fund, with an AUM of ₹8,057 crore as of December, exited its entire holding of 16.55 lakh IRCTC shares worth ₹113 crore. The fund also sold 2.66 crore shares of GMR Airports, reducing its total holding in the stock from 4.53 crore to 1.87 crore shares.  

Meanwhile, the fund significantly increased its stake in 5 other mid-cap companies. 

The key additions in December included 18.77 lakh shares of Anthem Biosciences, bringing the total to 50.77 lakh shares. Similarly, 16.58 lakh shares of PB Fintech, 12.09 lakh shares of SBI Cards and Payment Services, 4.30 lakh shares of Premier Energies, and 3.88 lakh shares of Godrej Properties were added to the portfolio. 

New Addition and Stable Positions 

Biocon entered the portfolio during the month, with the addition of 7.80 lakh shares. The total number of portfolio holdings remained unchanged at 22 stocks. 15 stocks witnessed no change in exposure, including major names like LIC Housing Finance, Reliance Industries, Tata Power Company, ITC, JSW Infrastructure, Linde India, and Aurobindo Pharma. 

The fund management team adopted a more cautious strategy during the same period, increasing cash levels and selectively adding large-cap names, while maintaining core exposure to mid-cap stocks with promising growth potential across different sectors. 

Read More: Quant Small Cap Fund Reshuffles Portfolio in December, Adds Adani Green Energy and Exits LIC! 

Fund Management Strategy and Approach 

Quant Mid Cap Fund is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, and Sanjeev Sharma. Benchmarking against the NIFTY MIDCAP 150 TRI index, the fund focuses on disciplined stock-picking and diversification across mid-cap firms known for their innovation and earnings momentum. 

Conclusion 

Quant Mid Cap Fund completed a strategic reshuffle by exiting IRCTC and adjusting allocations in select mid-cap stocks for December. This realignment reflects a well-balanced portfolio approach amid dynamic market conditions. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully.