Quant, Birla MF declare stress-test report

financialexpress.com:

Quant Mutual Fund disclosed its stress-test report late on Thursday evening. According to the test, it will require three days to liquidate 25% of its portfolio in the Quant Mid-cap Fund and 11 days to liquidate 25% of its portfolio in small-cap Fund. In case it has to liquidate 50% of the portfolio, it will require six days and 11 days, respectively, for the mid-cap and small-cap funds. Its asset under management at the end of February in the mid-cap and small-cap funds were Rs 5,443 crore and Rs 17,232 crore, respectively. Sebi has asked all fund houses to declare the results of the stress test on March 15. 

Birla Sunlife Mutual Fund, with asset under management of Rs 4,981 crore and Rs 5,382 crore in the mid-cap and small-cap schemes also made similar disclosures. It will need two days and four days, respectively, to liquidate 25% and 50% of the mid-cap portfolio. It will need five and 10 days to liquidate 25% and 50% of the small-cap portfolio.