The July 2025 portfolio update for Quant Small Cap Fund shows notable portfolio reshuffling along with changes in asset allocation. The fund’s net asset value (NAV) has declined by 6.53% year-on-year, while its assets under management (AUM) fell by over ₹166 crore compared to the previous month. Despite this drop, the fund has made aggressive new additions and increased stakes in several companies, while also trimming or exiting positions in others.
The fund’s top three holdings are Reliance Industries, Jio Financial Services, and RBL Bank. In addition to equity holdings, Quant Small Cap Fund has taken additional 0.67% futures long positions, specifically in RBL Bank and NCC. The fund’s cash position has been consistently reduced over the past three months, moving from 7.22% in May to 3.96% in June, and further down to 2.95% in July, signaling a higher allocation towards equities.
In terms of stock-specific movements, several companies witnessed fresh entries in July. Anthem Biosciences Limited was added with 3,682,926 shares, representing a 100% change from zero holdings in June. Marathon Nextgen Realty Limited entered the portfolio with 5,484,914 shares, also a full 100% change. Gland Pharma Limited was added with 621,279 shares and Ethos Limited with 71,988 shares, both representing complete new entries.
Existing holdings in some companies were also significantly increased. Samvardhana Motherson International rose from 15,157,895 shares in June to 22,736,842 shares in July, marking a 50% increase. Vinati Organics saw its holding increase by 31.30% from 275,869 to 362,211 shares. Digitide Solutions Limited rose by 18.24% to 1,685,032 shares. Exicom Tele-Systems Limited increased by 15.20% to 434,342 shares, and Jio Financial Services Limited was raised by 8.04% to 6,048,693 shares.
Some positions saw moderate trimming. Piramal Enterprises Limited fell by 6.72% to 4,335,570 shares. SMS Pharmaceuticals Limited declined by 5.62% to 1,749,797 shares. India Shelter Finance Corp Limited dropped by 1.47% to 2,136,297 shares. Anupam Rasayan India Limited saw an 11.13% cut to 1,779,437 shares. One Source Specialty Pharma Limited was reduced by 32.33% to 1,134,110 shares. HP Adhesives Limited holdings were cut drastically by 60.38% to 468,996 shares.
Two companies were fully exited from the portfolio in July. Aadhar Housing Finance Limited’s 955,058 shares were sold entirely, marking a 100% reduction. Similarly, Chambal Fertilizers & Chemicals Limited’s 506,329 shares were completely exited.
The portfolio adjustments indicate a strategic rebalancing, with the fund aggressively adding new small-cap opportunities such as Anthem Biosciences, Marathon Nextgen Realty, and Gland Pharma, while reducing exposure to underperforming or non-core holdings. The sharp reduction in cash reserves reflects increased conviction in deploying capital into the market despite recent NAV and AUM declines.
This approach suggests the fund manager is positioning the portfolio for potential upside in the small-cap space, although the near-term performance pressure remains a key challenge.
