Adani rout creates a dent in Quant MF portfolios as key holdings shed 24%

At the end of January, Quant MF had close to Rs 950 crore investment in Adani Ports and Ambuja Cement

Quant Mutual Fund's holdings in Adani group stocks remained mostly unchanged even as the crisis broke late last month.

Eleven out of 13 active schemes held the same number of shares in Adani Ports and Ambuja Cement at the end of January 2023 as they were in December 2022, data shows.

The rout in prices of these shares in the last few days of January led to a sharp decline in the value of holdings. In schemes where the holdings were intact, the value of investments in Adani Ports and Ambuja Cement had declined 24 per cent month-on-month to around