Quant Small Cap Fund exits ICICI Bank and 5 others, reduce stake in Zydus Wellness and 5 more in September
Quant Small Cap Fund exited ICICI Bank and five other stocks in September while trimming its holdings in six stocks, including Zydus Wellness. The fund also added six new stocks to its portfolio and increased its stake in 10 others, according to its monthly portfolio disclosure.
Quant Small Cap Fund, managed by Quant Mutual Fund, completely exited ICICI Bank and five other stocks from its portfolio in September, while reducing its stake in Zydus Wellness and five additional companies, as per the fund's monthly portfolio disclosure. The fund sold 42.65 lakh shares of ICICI Bank, the highest among the exits, followed by Mangalore Refinery & Petrochemicals with 33.76 lakh shares.
Sumitomo Chemical India, SMS Pharmaceuticals, Oswal Pumps, and Heritage Foods also saw significant sales by the fund. In Zydus Wellness, the fund offloaded 35,659 shares, bringing its stake to 89.98 lakh shares in September from 90.33 lakh shares in August. The fund trimmed its holdings in Welspun Corporation, Capacite Infraprojects, Safari Industries (India), Ethos, and Sula Vineyards.
The fund added new stocks such as EPL Ltd, Heubach Colorants India, Moneyview, Max Estates, Aequs, and Prabha Energy, bringing in a total of 1.56 crore shares. Adani Power, Emami, Indegene, KPIT Technologies, and Manappuram Finance were among the stocks where the fund increased its stake, while Max Estates, EPL Ltd, Aequs, Heubach Colorants India, Moneyview, and Prabha Energy were new additions.
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