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560% returns, 400-fold jump in assets: How Quant Mutual Fund took India’s stock market by storm

Times of India LogoTimes of India1w ago

560% returns, 400-fold jump in assets: How Quant Mutual Fund took India’s stock market by storm - Times of India

Quick Summary:

Quant Mutual Fund predicted rallies in India's small-cap stocks in 2021 and state-owned companies in 2023, as seen in their disclosed holdings.

However, the firm held significant exposure to Adani Group firms (up to 20% of assets) just before Hindenburg Research revealed short interest in the conglomerate, leading to a massive stock plunge.

Starting investments in smaller companies in 2020, their smallcap fund grew by 88% in the following year, surpassing the index returns of 63%.


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Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-25 @ 14:45:51 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1328 words

Reading Time: 8 minutes read

Sentences: 51 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21382087

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About Times of India

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Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 11 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #28

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