IndusInd Bank Debacle: Quant MF Biggest Buyer Of Private Lender’s Stock In February

Quant Mutual Fund has exposure in IndusInd Bank via seven schemes, of which three have significant exposure (more than 3 per cent), in terms of holding percentage of their respective assets under management (AUM). 

Quant ESG Equity Fund Regular Growth has the highest exposure in the bank stock, over 6.31 per cent of its AUM. Quant Focused Fund Growth comes next, with 5.15 per cent exposure, and Quant Value Fund Regular Growth has 3.66 per cent exposure. The other four schemes have exposure between 1-3 per cent.

Quant Mutual Fund, in total, bought 30,77,000 shares of IndusInd Bank worth Rs 304.65 crore through these seven schemes this February itself. Prior to this, in January 2025, these schemes didn't have any exposure in the bank stock.

According to Trendlyne data, a total of 121 mutual fund schemes bought the shares of the bank and 48 schemes sold.

The top five schemes that bought the bank stock the most in February 2025 include four schemes of Quant.

The Quant Mid Cap Fund Growth made the highest purchase, buying 9,50,000 shares of the bank, which accounts for 1.24 per cent of its AUM. Next on the list is JM Flexicap Fund Growth, which bought 7,35,000 shares of the bank.

The other three schemes in the top five are – Quant Value Fund Regular Growth, which bought 5,92,000 shares (3.66 per cent of its AUM), Quant Focused Fund Growth, which bought 5,02,000 shares (5.15 per cent of AUM), and Quant Large and Mid Cap Fund Growth, which bought 4,80,000 shares (1.47 per cent of AUM).

The IndusInd Bank Debacle

IndusInd Bank's shares had crashed over 27 per cent on March 11 after an internal review revealed an accounting discrepancy in its forex derivatives portfolio. The bank estimated a negative impact of around 2.35 per cent on its net worth, which was Rs 65,102 crore as of December 2024 end. This means an impact of about Rs 1,530 crore.

The bank has appointed a “reputed” external agency to independently review and validate the internal findings. The final report from the external agency is still awaited.