Quant Mid Cap Fund exited Lenskart Solutions completely in April, along with full exits from NMDC and SBI Cards and Payment Services, according to its monthly disclosure. The Lenskart sale coincided with days of boycott calls after allegations about curbs on religious symbols at stores—later addressed through clarifications and a revised “In-Store Style Guide.” The fund simultaneously added Steel Authority of India, increased exposure to Reliance Industries, and shifted sector allocations toward healthcare and iron and steel.
In April, investors shifted away from large-cap mutual funds as inflows fell 16%. Mid- and small-cap funds, meanwhile, pulled in record money and posted stronger returns, even as market volatility persists. Retail preferences appear to be tilting toward higher-risk categories amid valuation concerns, raising the question of whether this rotation can last.
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