This MF gives 7.1% returns in one month. Top 5 stocks the fund has invested in

Quant Small Cap Fund has 96.45% investments in domestic equities, out of which 16.06% in large cap stocks, 7.71% in mid cap stocks and 49.72% in small cap stocks.

Top 5 Stocks in which Quant Small Cap Mutual Fund invested

Mukesh Ambani-led conglomerate RIL is one of the blue-chip companies of India. Quant Small Cap Fund has invested 6.52% of its total holdings in this energy-to-telecom giant.

After RIL, second on the list is ITC, one of the largest FMCG groups in India. The fund has invested 5.64% of its total holding in Kolkata headquartered ITC. Recently, ITC overtook IT major Infosys to become the country’s sixth most valuable company on the stock exchanges.

Quant Small Cap Fund has invested 5.25% of its holding in the largest private sector lender HDFC Bank. Last month, the bank reported double-digit growth in both profitability and interest income in its fourth quarter results for FY23.

4) Jindal Stainless Limited

Quant Small Cap Fund has invested 5.24% of its holding in Jindal Stainless Limited.

Quant Small Cap Fund has invested 4.45% of its holding in Jindal Stainless Limited.

Apart from these five stocks, the fund has also invested in IRB Infrastructure Developers Limited, Punjab National Bank, Bikaji Foods International Limited, Usha Martin and Just Dial Limited.

Apart from Quant Small Cap Fund Direct Plan, other small-cap equity mutual funds which have given highest returns in last one month are Union Small Cap, Edelweiss Small Cap, Aditya Birla Small Cap, Nippon India Small Cap Bank of India Small Cap Fund, and HSBC Small Cap Fund.

Personal finance experts say that if you are a high risk taker looking to build wealth in a short period of time, then smallcap mutual funds can be an ideal investment option for you. Small-cap funds are equity-oriented mutual funds, which are mandated to invest at least 65% of their assets in equity and equity-related instruments of small-cap companies.