 "Mutual funds (MFs) are gearing up with offerings centered on the ‘quality' theme, as this investment approach is expected to rebound following three years of underperformance compared to the ‘value' theme.")
Quant mutual fund (MF) may have taken the biggest hit among fund houses from the slump in Adani group shares on Thursday. Shares of Adani group firms fell sharply as billionaire Gautam Adani and seven others were indicted by the United States Securities and Exchange Commission (SEC) in an alleged multi-million dollar bribery and fraud scheme related to a solar energy project in India.
Quant MF, which manages over Rs 1 trillion worth of assets, had the highest exposure to these stocks among the larger fund houses. According to PRIME Database, it owned nearly Rs 5,000 crore worth of Adani group stocks at the end of October. The value is arrived at by taking October 31 stock prices.
The fund house was the biggest investor in Adani Enterprises' Rs 4,200 crore qualified institutional placement (QIP) last month. Its schemes together picked up nearly half the shares at Rs 2,962 apiece. The stock is down 27 per cent since then. It closed at Rs 2,160 on Thursday.
This is the second time that Quant MF schemes are set to take a hit due to the sharp plunge in Adani shares. It was the largest MF investor in Adani shares in 2023 when the Hindenburg report came out. The fund house had moved out of all the stocks after the crisis. However, most of its bets had delivered profits last time.
The active equity schemes of three of the largest fund houses — ICICI Prudential MF, HDFC MF, and SBI MF — had around Rs 2,500 crore exposure each to the Adani group stocks. Mirae Asset, Tata, and Aditya Birla Sun Life were the other three fund houses that had over Rs 1,000 crore exposure to the shares as of October 31.
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 "Two of the largecap-oriented mutual fund (MF) offerings — flexicap and largecap funds — witnessed a spike in investor interest in October amid a fall in the equity market.")
 "Equity Mutual Fund")
 "Mutual funds (MFs) are gearing up with offerings centered on the ‘quality' theme, as this investment approach is expected to rebound following three years of underperformance compared to the ‘value' theme.")
 "The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand. In a world where consumer preferences change dramatically, M&As provide companies the means to r")
Limited exposure: Most fund houses* have nil or small exposure to Adani shares
*Only active equity schemes considered
Source: Prime Database
As on October 31 (exposure value as per October 31 stock prices)
 "Buoyed by robust buying from foreign portfolio investors (FPIs), Indian equity benchmarks soared to new heights on both intraday and closing levels on Friday. Strong foreign inflows also bolstered the rupee, which reached a two-month high against the")
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 "Stock Market, BSE, Nifty, Capital")
 "Mutual Funds")
 "share market stock market trading")
