Quant Small Cap Fund, India's fourth-largest small cap mutual fund with ₹33,773.74 crore in assets under management, underwent significant portfolio changes in June. According to reports from Mint, the fund made complete exits from nine companies while adding five new stocks and increasing holdings in several existing portfolio companies. The fund also reduced its TREPS allocation from 5.34% to 4.01%, indicating increased deployment into equities during the month. Recent market developments show equity mutual fund inflows increased significantly in June, reaching ₹28,973 crore, with investor interest in midcap and smallcap mutual funds experiencing a strong comeback.
The fund introduced five new stocks across diverse sectors during June. As reported by Mint, the new additions include Bharti Airtel (2.31% allocation), LIC Housing Finance (1.27%), IDFC First Bank (1.22%), Aurobindo Pharma (0.63%) and Manappuram Finance (0.62%) across telecom, banking, housing finance, pharmaceuticals and financial services sectors. The latest market performance shows strong earnings from TCS and positive global sentiment boosted investor confidence, with the Nifty IT index showing a sharp rally after TCS's earnings announcement.
The most significant increase was in RBL Bank, where holdings rose by nearly 449% during the month. According to Quant Mutual Fund data reported by Mint, the fund also substantially increased its positions in Sona BLW Precision Forgings (+187%), Anand Rathi Wealth (+100%), Apollo Tyres (+40%), Lloyds Metals & Energy (+34%), Adani Enterprises (+34%), BlackBuck (+31%), IRB Infrastructure Developers (+22%) and Welspun Living (+20%). The broader market performance encouraged investors to increase allocations to smallcap segments, with broader market indices like Nifty Midcap and Smallcap outperforming frontline indices.
The fund made complete exits from nine companies including Reliance Industries, as reported by Mint. Other notable exits included Gland Pharma, Suven Life Sciences, Balrampur Chini Mills, Kaynes Technology India, Exicom Tele-Systems, Exide Industries, Praj Industries and Sai Parenterals. The sharpest reduction was in EID Parry (India), where holdings decreased by 93%, followed by NBCC (India) (-58%), Man Infraconstruction (-54%), Viyash Scientific (-52%), Sula Vineyards (-21%), Anthem Biosciences (-10%) and Oriental Hotels.
As of July 10, 2026, Quant Small Cap Fund maintains a Net Asset Value of ₹25.54 with an expense ratio of 2.79%. The fund has delivered average annual returns of 19.73% since inception and currently manages ₹33,773.74 crore in assets under management. The fund's top holdings include Adani Green Energy Ltd. (9.88%) and Adani Enterprises Ltd. (9.84%) among other significant positions across various sectors. The mutual fund industry's assets under management edged up slightly, aided by market gains, with sectoral and thematic funds also experiencing renewed investor interest.
