The fund house, which manages assets totaling Rs 81,000 crore, has continued its strong purchasing momentum in the Indian markets, with a notable focus 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. In April, their investments in 179 Indian stocks amounted to around Rs 4,070 crore.
HDFC Bank remained the fund's largest acquisition, with approximately Rs 4,800 crore invested in June, up from Rs 2,669 crore in May.
Quant MF purchased around 2.86 crore shares of HDFC Bank in June, increasing the total value of its holding in HDFC Bank to Rs 7,755 crore from Rs 2,671 crore in May.
In terms of schemes, Quant SmallCap Fund - Growth made the largest purchase of HDFC Bank 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.
Beyond HDFC Bank, Quant Mutual Fund made significant investments in several other companies, allocating 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 selling side, the fund house divested Rs 467 crore worth of Jindal Steel & Power, followed by Adani Power and Oracle Financial Services Software with sales of Rs 355 crore and Rs 285 crore, respectively. Other notable sales included NMDC (Rs 260 crore), HCL Technologies (Rs 147 crore), Vodafone Idea (Rs 121 crore), and Kotak Mahindra Bank (Rs 118 crore).
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 the end of 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, according to Value Research data.
In June, the fund house added 18 new stocks while completely exiting 11. 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 sales 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.
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