Business
Quant Small Cap Fund adds SBI Funds Management, Caliber Mining and 11 others in July
The small cap fund added 22,792 shares of SBI Funds Management and 44,988 shares of Caliber Mining and Logistics in its portfolio in July. Among the other 11 stocks, the fund added the maximum number of shares of Hexaware Technologies. It added around 65.93 lakh shares of this stock in its portfolio.
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This was followed by the addition of 46.26 lakh shares of Bandhan Bank, 41.18 lakh shares of Mangalore Refinery & Petrochemicals, and 18.93 lakh shares of Redington to the portfolio during the period.
Bharat Heavy Electricals, Delhivery, Gabriel India, Jubilant Foodworks, KPIT Technologies, Sonata Software and Sumitomo Chemical India were the other new entrants in the portfolio in July.
The fund made complete exit from four stocks in the said time period. Around 1.49 crore shares of IDFC First Bank, 33.10 lakh shares of Anthem Biosciences, 23.23 lakh shares of HDFC Life Insurance and nearly 1.83 lakh shares of EID Parry (India) were sold out from the portfolio.
The fund also reduced its exposure to seven stocks. Around 78.03 lakh shares of RBL Bank were sold, taking its holding to 4.21 crore shares in July from 4.99 crore shares in the previous month.Around 11 lakh shares of SMS Pharmaceuticals, 7.80 lakh shares of National Building Construction and 6.44 lakh shares of Rishabh Instruments were also reduced from the portfolio. The fund sold 5.23 lakh shares of Sula Vineyards, taking its holding to 27.86 lakh shares.
It also sold nearly 3.21 lakh shares of Man Infraconstruction and 2.99 lakh shares of Apollo Tyres in July.
The fund increased its exposure to 10 stocks in July. It added 87.90 lakh shares of Manappuram Finance, taking its holding to 2.56 crore shares during the period. It also added around 38.55 lakh shares of Welspun Living, 35.49 lakh shares of Sona BLW Precision Forgings and 13.27 lakh shares of Capri Global Capital to the portfolio.
The other stocks where the fund increased its exposure were Adani Enterprises, Aegis Logistics, Alivus Life Sciences, Blackbuck, and Ethos.
The exposure remained unchanged in nearly 76 stocks such as Adani Green Energy, Adani Power, Bharti Airtel, ICICI Bank, Juniper Hotels, Piramal Finance and Welspun Enterprises.
As a percentage of NAV, the fund had the highest allocation in HFCL of around 5.44%, followed by 5.33% in NSE Nifty 25/8/2026 and 4.72% in Adani Enterprises.
In July, the fund had 106 stocks in its portfolio against 97 stocks in the previous month. As of July 31, 2026 the fund had an AUM of Rs 34,069 crore. The performance is benchmarked against Nifty Smallcap250 TRI and is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma.
The top 10 holdings in the portfolio concentrate 38.50% of the total portfolio and top 20 holdings concentrate 59.65% of the portfolio.
Since inception, the direct plan has delivered a CAGR of 17.65%, while the regular plan has delivered a CAGR of 11.88% (as of July 31, 2026). The fund has 20.62% of its portfolio invested in large caps, 8.81% in mid caps and 65.06% in small caps.
According to the fund house’s monthly release, the scheme is suited to investors with a long-term investment horizon and a high risk appetite. The bulk of the portfolio is invested in high-growth companies with attractive valuations that remain relatively under-owned.
“During the month, we raised equity exposure. Exposure to index futures (+5.33%) and autos (+1.42%) was raised, while healthcare (-1.52%) was reduced,” the fund house said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and twitter handle
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Business Daily – Taking stock: Global trade’s new reality
Available for over a year
What is driving the global shift towards economic protectionism? Will Bain is joined by Jennifer Pak, NPR’s China correspondent, and Trevor Simumba, an international business consultant in Zambia, to discuss why the trend has accelerated since Donald Trump’s tariffs and why global trade remains resilient despite growing barriers. Plus, why Africa’s Lobito Corridor matters for trade, what AI means for jobs in China and beyond, and why drinks giant Diageo is cutting costs. And, two food heroes: China’s baozi and Uganda’s matoke.
(Photo: A ship docks at Lobito Port in Angola, 4 December, 2024. Credit: Elizabeth Frantz/Reuters)
You can email the team: businessdaily@bbc.co.uk
Presenter: Will Bain
Producer: David Cann
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Jorge Messi, Father and Longtime Agent of Lionel Messi, Dies at Age 68 in Argentina After Long Illness
ROSARIO, Argentina — Jorge Messi, the father and longtime business representative of Argentine soccer icon Lionel Messi, died Friday night at a clinic in his native Rosario after a prolonged illness, according to multiple Argentine media outlets. He was 68.
Reports from outlets including Infobae indicated Jorge Messi passed away around 10 p.m. local time. An official cause of death had not been confirmed by the Messi family as of Saturday. He is survived by his wife, Celia, sons Lionel, Rodrigo and Matias, daughter Maria Sol, and a number of grandchildren.
A Health Struggle That Played Out Publicly
Jorge Messi’s declining health first drew widespread public attention during the World Cup, when Lionel Messi was seen visibly emotional on the field, including after scoring against Algeria. Asked about the tears, Messi told reporters at the time, “Why was I crying? It had absolutely nothing to do with football. I have had a few difficult days.” His remarks quickly sparked speculation linking the emotion to his father’s condition.
Days later, the Messi family issued a public statement addressing the situation directly. “The Messi family wishes to inform you that Jorge Messi is currently dealing with health problems,” the statement began. “He is currently under medical supervision and is recovering well.” The family went on to express concern over the intensity of the speculation, writing, “Given the reports, rumours and speculation that have been circulating in recent hours, the family wishes to express its deep concern about the lack of sensitivity,” while asking that “the privacy, confidentiality and personal space of Jorge – and that of his entire family – be respected throughout this process.”
A separate statement issued in the following weeks said Jorge had been “under medical monitoring, recovering and evolving favorably within the condition he presents.” In late July, Lionel Messi skipped Major League Soccer’s All-Star Game, a decision widely believed to be tied to a visit with his father, before returning to action for Inter Miami in an MLS match days later.
The Man Who Took Messi to Barcelona
Jorge Messi’s influence on his son’s career is difficult to overstate. When a young Lionel was coming up through the youth academy at Newell’s Old Boys in Rosario, he was diagnosed with a growth hormone deficiency requiring costly treatment. After failing to secure sufficient financial support in Argentina, including from Newell’s and River Plate, Jorge explored options abroad, ultimately taking his son to try out for FC Barcelona.
That trial led to one of the most famous moments in the club’s history: an agreement scribbled on a paper napkin with then-Barcelona sporting director Carles Rexach on Dec. 14, 2000, at the Pompeia Tennis Club, committing the club to sign the 13-year-old Messi and fund his medical treatment. The move to Spain, made possible directly by Jorge’s determination to find his son a path forward, is widely regarded as one of the most consequential decisions in the history of the sport.
Staying by His Son’s Side During a Difficult Transition
Messi was just 13 when the family relocated to Spain, a transition that proved difficult for several family members who struggled to adjust to life away from Argentina. Jorge remained by his son’s side throughout that period, providing stability during a stretch when Messi’s future in the sport was still far from guaranteed. Messi has spoken previously about how emotionally taxing that time was for both of them, recalling that there were days when he and his father each struggled deeply and would retreat separately to cry so the other would not see it. “My father was always by my side,” Messi has said, describing how Jorge repeatedly checked in with him, asking whether he wanted to continue pursuing his dream in Spain or return home to Argentina. Messi chose to stay.
A Behind-the-Scenes Presence for Decades
Despite managing the business affairs of arguably the most recognizable athlete on the planet, Jorge Messi consistently preferred to remain out of the spotlight, giving few interviews over the years and generally avoiding the intense media attention that followed his son throughout his career. He served for decades as Lionel Messi’s agent and financial representative, a role that placed him at the center of many of the most significant decisions in his son’s professional life, from contract negotiations to the eventual move to Paris Saint-Germain and later to Inter Miami.
That behind-the-scenes role was not without controversy. In 2016, Spanish prosecutors sought an 18-month prison sentence and a fine against Jorge Messi for allegedly defrauding Spain’s tax authorities of approximately 4.5 million dollars in unpaid taxes between 2007 and 2009, a case that also named Lionel Messi before prosecutors ultimately cleared the player of wrongdoing.
Tributes Expected From Across the Football World
Given Jorge Messi’s decades-long presence alongside one of the most celebrated athletes in the history of the sport, tributes from clubs, players and football institutions across the world are expected in the days following his death. His passing comes at a moment when Lionel Messi remains an active professional player with Inter Miami in Major League Soccer, having recently contributed a goal and an assist in a match against San Luis just days before his father’s death.
Funeral arrangements had not been publicly announced as of Saturday. Given Jorge Messi’s central and enduring role in shaping his son’s rise from a young prospect in Rosario to one of the greatest players in the history of football, his death is expected to prompt an outpouring of tributes from across the sport in the coming days, even as the family has continued to ask, as it did earlier this year during his illness, that its privacy be respected during this period of grief.
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Value mutual fund investing is supposed to be dead. But Colin McQueen, manager of the T. Rowe Price International Value Equity Fund, has a knack for finding beaten-down stocks that prove the strategy is very much alive. A 2026 IBD Best Mutual Funds Awards winner, T. Rowe Price International Value Equity (TRIGX) has topped the foreign-stock benchmark IBD uses to…
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