Quant Small Cap Fund raises stake in Adani Enterprises and 8 others, trims in Aurobindo Pharma and 4 more

Quant Small Cap Fund increased its exposure to Adani Enterprises and eight other stocks in May, while reducing exposure to Aurobindo Pharma and four others during the month, according to the monthly portfolio disclosed by Quant Mutual Fund.

The smallcap fund added 2.59 lakh shares of Adani Enterprises and held 30.24 lakh shares in its portfolio in May, compared with 27.64 lakh shares in April. The fund also added around 15.12 lakh shares of Adani Green Energy and 6.54 lakh shares of Blackbuck.

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Black Box, Kalyani Steels, Manappuram Finance, PTC India, Safari Industries (India), and Strides Pharma Science were among the other stocks where exposure increased.

Around 7,792 shares of Aurobindo Pharma were sold, reducing the holding to 9 lakh shares in May. The fund also reduced exposure by selling around 87 lakh shares of NBCC, 2.22 lakh shares of Suven Life Sciences, 2.21 lakh shares of Gland Pharma and 2.01 lakh shares of Sai Parentals.

The fund added six new stocks to its portfolio in May, including Apollo Tyres, Exide Industries, Heritage Foods, Kaynes Technology India, Sona BLW Precision Forgings and Viyash Scientific.

It made a complete exit from BASF India, Minda Corporation and Sequent Scientific.

Exposure to 83 stocks remained unchanged, including Adani Power, Bata India, Bayer Cropscience, Castrol India, ICICI Bank, Just Dial, NCC, Oriental Hotels, RBL Bank, Sula Vineyards and Welspun Corporation.

The smallcap fund held 103 stocks in May compared with 100 in the previous month and had an AUM of Rs 31,774 crore as of May 31, 2026.

The scheme aims to generate capital appreciation and long-term growth opportunities through investment in smallcap companies. It is benchmarked against Nifty Smallcap 250 – TRI and managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate and Sanjeev Sharma.

Launched on October 29, 1996, the fund had its highest allocation to Reliance Industries at 8.36% of NAV, followed by RBL Bank at 5.65%.

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According to the monthly factsheet, the scheme is suited to investors with a long-term horizon and high risk appetite. The portfolio focuses on high-growth companies with attractive valuations and relatively lower ownership.

The fund house added that its higher allocation towards large caps over the past year reflects its defensive market view, helping improve liquidity and reduce the impact of higher transaction costs.

As a result, drawdowns have remained contained compared with the broader market correction. During the month, exposure to Telecom (+1.66%), Power (+1.23%) and Auto (+1.17%) increased, while Oil & Gas (-1.08%), Construction (-0.73%) and Media (-0.61%) declined.

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