Quant AMC July 2024 Update
Key Highlights
- AUM increased by Rs 6000 crore to Rs 96626 crore in July 2024.
- Quant Small Cap Fund exited 21 stocks, including Aurobindo Pharma, TCS, and TV18 Broadcast.
- The fund house maintained its robust purchasing with the acquisition of 22 new stocks.
Detailed Analysis
Quant Mutual Fund has witnessed a significant surge in its assets under management (AUM), rising from Rs 90625 crore in June 2024 to Rs 96626 crore in July 2024. This represents an impressive increase of Rs 6000 crore on a month-on-month basis.
Notably, Quant Small Cap Fund has undergone a major portfolio turnover, completely exiting around 21 stocks. Some of the notable exits include Aurobindo Pharma, TCS, and TV18 Broadcast. Despite these exits, the fund house has continued to maintain its robust purchasing momentum, adding 22 new stocks to its portfolio in July.
As of May 31, 2024, Quant Mutual Fund managed assets worth Rs 84030 crore and operated 27 mutual fund schemes. By July, the fund house had increased its AUM to Rs 81000 crore while booking profits by exiting 122 stocks worth about Rs 9490 crore.
Conclusion
Quant Mutual Fund's recent performance highlights its commitment to active portfolio management and its ability to navigate market fluctuations. The fund house's strong AUM growth and strategic investment decisions position it well for continued success in the future.
Comments