Quant Mid Cap Fund Trims Reliance Industries, Ups OFSS Exposure in October Portfolio Update

Quant Mid Cap Fund made notable changes to its portfolio in October, according to data from ACE MF. The fund reduced its exposure to Reliance Industries Ltd (RIL) while increasing its holding in Oracle Financial Services Software (OFSS). 

Overall, the fund’s stock count dropped from 27 in September to 25 in October as part of its rebalancing activity.

Reduction in Reliance Industries Holding

The fund sold ~10.47 lakh shares of Reliance Industries, bringing its total holding down to 30.85 lakh shares in October compared to 41.32 lakh shares in September. This marks a significant reduction in the large-cap component of the portfolio.

Increase in OFSS Exposure

During the same period, the fund added around 41,869 shares of Oracle Financial Services Software. This move increased its total OFSS holding to 47,344 shares, up from 5,475 shares in September. The increased allocation highlights a shift towards technology-driven financial service companies.

Complete Exit from Three Stocks

Quant Mid Cap Fund exited three stocks entirely: 
• 1.35 lakh shares of Canara Bank 
• 66.40 lakh shares of Indus Towers 
• 16.68 lakh shares of Biocon

New Entrant: Godrej Properties

Godrej Properties entered the portfolio as a fresh addition, with 3.07 lakh shares purchased in October. These shares carried a market value of ₹70.40 crore, marking a significant investment in the real estate sector.

Stocks with Unchanged Allocation

Holdings in 22 stocks remained unchanged. These include Hindustan Petroleum Corporation, LIC Housing Finance and more.

Fund Overview and Positioning

Launched on March 20, 2001, Quant Mid Cap Fund had an AUM of ₹8,525 crore as of October 31, 2025. It is benchmarked against the Nifty Midcap 150 TRI and managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, and Sanjeev Sharma. The asset allocation distribution includes 17.02% in large caps, 66.35% in mid caps, and 7.15% in small caps. Overall, the fund holds 75.06% in equity, 2.80% in debt, and 22.16% in other assets.

Performance Track Record

The fund has delivered returns of 16.42% over the last 3 years and 26.24% over the last 5 years. Since inception, it has generated a CAGR of 13.17%.

Also Read: SEBI Set to Review Its Plan to Slash Brokerage Costs for AMCs!

Conclusion

Quant Mid Cap Fund’s October portfolio adjustments reflect strategic rebalancing, with reduced exposure to RIL and increased allocation to OFSS and Godrej Properties, alongside exits from select stocks. The fund continues to maintain a dominant mid-cap orientation aligned with its long-term investment objective.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/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.