RIL, Adani Power among 10 stocks bought & sold by Quant Large Cap MF in March
Quant Large Cap Fund-Reg(G) performed well in Q1, with a 9.53% gain. It adjusted holdings in various stocks, including RIL and Tata Power, to outperform the benchmark index and category returns
Quant Large Cap Fund-Reg(G) added or trimmed shares in 10 stocks in March finishing the January-March quarter with gains of 9.53%. Its returns trumped those given by the benchmark index and also the category returns during this period.ETMarkets analysis of Quant’s buying and selling action in March showed that this mutual fund scheme increased its shareholding in just two stocks in March over the February month viz. and while paring stake in the remaining eight stocks viz. , , , (India), , Life Insurance Corporation (), and .
Between January and March, Quant Large Cap Fund -Reg(G) plan has exited three stocks , National Aluminium Company (NALCO), Biocon. It held 6.82% in Sun Pharma while 0.55% and 4.51%, respectively in Nalco and in January.
In Hindalco, Britannia, MphasiS, GAIL, LIC and Adani Power, Quant trimmed its stake not just in March but also in February. In Jio Financial Services, Quant increased its shares in February over January but sold some shares in March.
Here is the complete action between January and March:
This is an open-ended equity scheme investing in both large cap and mid cap stocks and has been in inception since January 2007. The scheme invests in a portfolio of largecap and midcap companies.
The scheme is benchmarked against NIFTY 100 - TRI which has delivered returns of 4.68% in the three-month ended March 31, 2024 while the category returns during this period were 6%. The calendar year 2023 returns stood at 26.82%.
Quant has its top holding in RIL as a percentage to the net asset value (NAV) followed by Jio Financial Services, , , Britannia, LIC, Tata Power, Jindal Steel & Power, Adani Power and Larsen & Toubro (L&T).
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Source: Stocks-Markets-Economic Times
