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Qunt Active Fund, a multicap fund, held Rs 736.55 crore in its portfolio as of June 2024 as against Rs 1,055 crore in May. The fund had an equity AUM of Rs 10,021.82 crore. Quant Mid Cap Fund had Rs 551.35 crore cash in its portfolio with an equity AUM of Rs 8,196 crore.
Quant Small Cap Fund had around Rs 420.68 crore in its portfolio as of June 2024 with the highest equity AUM of Rs 22,546 crore. In May, the fund had around Rs 1,607.37 crore cash in its portfolio.
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Quant ELSS Tax Saver Fund had around Rs 364 crore cash in its portfolio as of June 2024. Quant Business Cycle Fund had Rs 121.15 crore cash in the portfolio as of June.
Around seven Quant schemes had less than Rs 100 crore cash in their respective portfolios in June 2024. Quant Teck Fund had Rs 94.45 crore cash and had an equity AUM of Rs 307.44 crore.
Quant Manufacturing Fund and Quant ESG Equity Fund had around Rs 49.43 crore and Rs 45.39 crore cash in their respective portfolios. Quant Healthcare Fund had the lowest cash allocation of Rs 10.81 crore as on June 2024.
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Quant Consumption Fund had the lowest equity AUM of Rs 231.68 crore as on June 2024.
The fund house had over Rs 9,000 crore in its portfolio in May. This was around 12.41% of the total AUM. The total equity AUM of the fund house was Rs 66,052 crore.
Fund managers are allowed to keep a part of their portfolio in cash to meet events like redemptions or make investments when they see a possible opportunity in the market.
Quant Mutual Fund was under Sebi’s radar in a front-running case. Following Sebi’s investigation into the front-running case, Quant Mutual Fund’s net equity outflows reached Rs 877 crore in the last three weeks, according to an email communication sent to the unitholders by the fund house last week.
The fund house has seen a net outflow of Rs 696 crore and the net equity outflow was recorded at Rs 877 crore.
“In the last three weeks, we have received net outflows of Rs 696 crore and net equity outflows of Rs 877 crore (1% of AUM) against our current AUM of INR 94,000 crore+, which is at an all-time high (ATH),” said in the mail communication.
The assets under management and NAV of the fund house are at lifetime highs and it has been able to generate alpha for over 80 lakh investors, Sandeep Tandon, CEO of Quant Mutual Fund, told ET Now earlier this week.
“Our AUM is lifetime high, NAVs are lifetime high. So, participation and investors have really supported us in difficult times when the noise or narrative was there. So, we continue to put in our efforts to generate superior risk adjusted-return the way we have been doing our dynamic style of money management and we have been reasonably successful in generating this sort of alpha for over 80 lakh investors now, the polios which we have,” said the CEO.