Quant Mid Cap Fund dumps Lenskart NMDC and SBI Cards while quietly betting big on SAIL

A Lenskart backlash may have triggered a swift selloff

Quant Mid Cap Fund exited Lenskart Solutions completely in April, along with full exits from NMDC and SBI Cards and Payment Services, according to its monthly disclosure. The Lenskart sale coincided with days of boycott calls after allegations about curbs on religious symbols at stores—later addressed through clarifications and a revised “In-Store Style Guide.” The fund simultaneously added Steel Authority of India, increased exposure to Reliance Industries, and shifted sector allocations toward healthcare and iron and steel.