Funds/Sectoral / Thematic/Quant Manufacturing Fund

Quant Manufacturing Fund

quant Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund has undergone a significant portfolio reshuffle, aggressively pivoting toward cyclical manufacturing and power infrastructure plays—particularly Adani entities, electrical equipment, and metals—while trimming defensive staples like FMCG and financials. The extreme top-10 concentration at over 80 percent combined with nine fresh entries suggests the manager is doubling down on a manufacturing revival thesis, betting on capex-driven growth in heavy industry and green energy. This tactical shift signals strong conviction in near-term cyclical momentum, though it introduces considerable idiosyncratic and sector concentration risk.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹15.4116	+11.48%	+11.19%	+3.67%	+7.46%	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

45.04%

Top 10 Weight

77.81%

Active Share

—

Large Cap

26.13%

Gini

0.462

What Changed2026-03-31 → 2026-04-30

Holdings: 29 → 27+9 added−11 removed15 weight shifts ≥ 0.1%

Stock	Sector	Weight
Lloyds Metals And Energy Limited	Minerals & Mining	9.00%
Tata Chemicals Ltd	Chemicals & Petrochemicals	3.99%
Steel Authority of India Ltd	Ferrous Metals	3.98%
PTC India Limited	Power	1.84%
Bharat Heavy Electricals Ltd 26/05/2026	Electrical Equipment	9.07%
91 Days Treasury Bill 16-Jul-2026	N.A.	0.74%
91 Days Treasury Bill 23-Jul-2026	N.A.	0.74%
91 Days Treasury Bill 30-Jul-2026	N.A.	0.74%
TREPS 04-May-2026 DEPO 10	N.A.	8.00%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Adani Enterprises Limited INE423A01024	Metals & Minerals Trading	EQUITY	9.84%
2	Bharat Heavy Electricals Ltd 26/05/2026 BHEL260526	Electrical Equipment	DERIVATIVE	9.07%
3	Lloyds Metals And Energy Limited INE281B01032	Minerals & Mining	EQUITY	9.00%
4	Aurobindo Pharma Limited INE406A01037	Pharmaceuticals & Biotechnology	EQUITY	8.87%
5	Samvardhana Motherson International Ltd INE775A01035	Auto Components	EQUITY	8.26%
6	Zydus Wellness Ltd INE768C01028	Food Products	EQUITY	8.03%
7	Adani Green Energy Limited INE364U01010	Power	EQUITY	8.02%
8	TREPS 04-May-2026 DEPO 10 INCBLO040526	N.A.	CASH_EQUIVALENT	8.00%
9	Ador Welding Limited INE045A01017	Industrial Products	EQUITY	6.12%
10	Gujarat Themis Biosyn Ltd INE942C01045	Pharmaceuticals & Biotechnology	EQUITY	5.41%
11	Ravindra Energy Limited INE206N01018	Electrical Equipment	EQUITY	5.19%
12	Tata Chemicals Ltd INE092A01019	Chemicals & Petrochemicals	EQUITY	3.99%
13	Steel Authority of India Ltd INE114A01011	Ferrous Metals	EQUITY	3.98%
14	The Ramco Cements Limited INE331A01037	Cement & Cement Products	EQUITY	2.51%
15	Sequent Scientific Limited INE807F01027	Pharmaceuticals & Biotechnology	EQUITY	2.15%
16	Premier Energies Limited INE0BS701011	Electrical Equipment	EQUITY	1.93%
17	PTC India Limited INE877F01012	Power	EQUITY	1.84%
18	91 Days Treasury Bill 14-May-2026 IN002025X455	N.A.	DEBT	0.75%
19	91 Days Treasury Bill 22-May-2026 IN002025X463	N.A.	DEBT	0.74%
20	91 Days Treasury Bill 04-Jun-2026 IN002025X489	N.A.	DEBT	0.74%

Sector Allocation

Pharmaceuticals & Biotechnology16.4%

Electrical Equipment16.2%

Power9.9%

Metals & Minerals Trading9.8%

Minerals & Mining9.0%

Auto Components8.3%

Food Products8.0%

Industrial Products6.1%

N.A.5.3%

Chemicals & Petrochemicals4.0%

Top 10 sectors by % to NAV. Excludes derivatives.