Categories: Business

Quant Mutual Fund Crosses Rs 1 Lakh Crore AUM

Quant Mutual Fund has crossed ₹1 lakh crore in assets under management (AUM). The fund house has over 81 million unique investors, the fund house said in a note to investors.

Quant attributed this success to the strong support of his investors and the consistent performance of his team.

Currently, Quant Mutual Fund manages 27 programs, including 21 equity funds and three each in the hybrid and debt categories.

The fund house stressed that it is a key part of India’s growth story and aims to create more wealth with the continued support of its investors.

Quant Mutual Fund intends to capitalize on this momentum.

Recently, Quant Mutual Fund sold all its stake in HDFC Bank after a large investment in the private bank in June.

HDFC Bank, which was a key holding in various schemes as of June-end, has since been excluded from the top 10 holdings, according to recent data.

In June 2024, Quant ELSS Tax Saver Growth fund became the largest buyer of HDFC Bank shares, acquiring 58.57 lakh shares, as reported by Trendlyn.

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Rana Adam

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