Funds/Small Cap Fund/Quant Small Cap Fund

Quant Small Cap Fund

quant Mutual Fund·Small Cap Fund·vs Nifty Smallcap 250 TRI

The fund maintains a balanced small-cap posture with meaningful equity exposure but carries outsized positions in financials and energy—Reliance and Adani holdings alone represent nearly 16% of the portfolio. Recent portfolio churn, including exits from HDFC Bank and Jio Financial while adding infrastructure and industrial plays, suggests the manager is rotating toward cyclical recovery trades rather than defensive quality. The concentrated top-10 allocation at 42% coupled with cash at 3.5% indicates selective conviction, positioning for selective opportunities in undervalued industrials and power stocks rather than broad small-cap participation.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹260.4269	+7.90%	+8.10%	-0.07%	+6.21%	+20.21%	+20.30%

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

Portfolio Metrics(latest month)

Holdings

113

Top 5 Weight

24.96%

Top 10 Weight

37.62%

Active Share

—

Large Cap

21.52%

Gini

0.612

What Changed2026-03-31 → 2026-04-30

Holdings: 116 → 115+14 added−15 removed22 weight shifts ≥ 0.1%

Stock	Sector	Weight
Lloyds Metals And Energy Limited	Minerals & Mining	0.34%
BLACKBUCK LIMITED	Transport Services	0.18%
Triveni Turbine Limited	Electrical Equipment	0.17%
Praj Industries Limited	Industrial Manufacturing	0.10%
Sai Parenterals Limited	Pharmaceuticals & Biotechnology	0.08%
PTC India Limited	Power	0.08%
Kalyani Steels Ltd	Industrial Products	0.01%
Aurobindo Pharma Limited 26/05/2026	Pharmaceuticals & Biotechnology	1.90%
RBL Bank Limited 26/05/2026	Banks	1.02%
Manappuram Finance Ltd 26/05/2026	Finance	0.30%
National Building Construction Corp 26/05/2026	Construction	0.25%
91 Days Treasury Bill 30-Jul-2026	N.A.	0.16%
91 Days Treasury Bill 23-Jul-2026	N.A.	0.04%
TREPS 04-May-2026 DEPO 10	N.A.	6.90%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Reliance Industries Limited INE002A01018	Petroleum Products	EQUITY	9.47%
2	TREPS 04-May-2026 DEPO 10 INCBLO040526	N.A.	CASH_EQUIVALENT	6.90%
3	RBL Bank Limited INE976G01028	Banks	EQUITY	4.75%
4	Adani Power Limited INE814H01029	Power	EQUITY	4.38%
5	HFCL Limited INE548A01028	Telecom - Services	EQUITY	3.44%
6	SUN TV Network Limited INE424H01027	Entertainment	EQUITY	2.92%
7	Piramal Finance Ltd INE202B01038	Finance	EQUITY	2.85%
8	Anand Rathi Wealth Limited INE463V01026	Capital Markets	EQUITY	2.81%
9	Aster DM Healthcare Limited INE914M01019	Healthcare Services	EQUITY	2.61%
10	Adani Green Energy Limited INE364U01010	Power	EQUITY	2.20%
11	Adani Enterprises Limited INE423A01024	Metals & Minerals Trading	EQUITY	2.19%
12	Poly Medicure Limited INE205C01021	Healthcare Equipment & Supplies	EQUITY	2.17%
13	Arvind Limited INE034A01011	Textiles & Apparels	EQUITY	1.94%
14	Bikaji Foods International Limited INE00E101023	Food Products	EQUITY	1.93%
15	Capri Global Capital Limited INE180C01042	Finance	EQUITY	1.93%
16	Aurobindo Pharma Limited 26/05/2026 AUROPHARMA260526	Pharmaceuticals & Biotechnology	DERIVATIVE	1.90%
17	Aegis Logistics Limited INE208C01025	Gas	EQUITY	1.84%
18	Welspun Corp Limited INE191B01025	Industrial Products	EQUITY	1.80%
19	ICICI Bank Limited INE090A01021	Banks	EQUITY	1.77%
20	Ventive Hospitality Limited INE781S01027	Leisure Services	EQUITY	1.72%

Sector Allocation

Pharmaceuticals & Biotechnology11.2%

Petroleum Products9.7%

Banks8.8%

Finance7.4%

Power6.7%

Construction5.3%

N.A.4.8%

Industrial Products4.6%

Food Products4.2%

Telecom - Services3.4%

Top 10 sectors by % to NAV. Excludes derivatives.