Silver lining from marooned markets: Midcap stocks that turned the latest MF favourites

Mid- and small-cap segments fell sharply over the last 2-3 sessions, amid concerns over stretched valuations. SEBI, the capital market regulator, has expressed concerns and has asked mutual funds to do liquidity stress tests of their portfolios.
However, market volatility has not been a constraint for the fund managers to re-enter or add the quality midcap stocks. Here are the top midcap stocks that were bought afresh by the actively managed mutual fund schemes in February 2024. Source: ACEMF.

Hindustan Petroleum Corporation
No. of active equity schemes newly added the stock in February: 22
Total no. of active equity schemes holding the stock: 122
Sample of schemes that added the stock: Parag Parikh Dynamic Asset Allocation, Kotak ELSS Tax Saver and Tata Mid Cap Growth

Oil India
No. of active equity schemes newly added the stock in February: 22
Total no. of active equity schemes holding the stock: 82
Sample of schemes that added the stock: SBI Magnum Comma, Kotak Emerging Equity and Union Midcap

Also see: Smallcap funds bet on these largecaps to manage liquidity risk

Cummins India
No. of active equity schemes newly added the stock in February: 16
Total no. of active equity schemes holding the stock: 131
Sample of schemes that added the stock: Nippon India Quant, Canara Rob Mid Cap and HSBC Large & Mid Cap

Indus Towers
No. of active equity schemes newly added the stock in February: 16
Total no. of active equity schemes holding the stock: 59
Sample of schemes that added the stock: ITI Small Cap, Taurus Mid Cap and Mirae Asset Midcap

GMR Airports Infrastructure
No. of active equity schemes newly added the stock in February: 13
Total no. of active equity schemes holding the stock: 25
Sample of schemes that added the stock: Quant Mid Cap, Quant Quantamental and Kotak Quant

Also see: Microcap multibagger pharma stocks that MFs added lately

PB Fintech
No. of active equity schemes newly added the stock in February: 13
Total no. of active equity schemes holding the stock: 89
Sample of schemes that added the stock: Bandhan Focused Equity, ITI Banking & Financial Services and Axis Flexi Cap

JSW Energy
No. of active equity schemes newly added the stock in February: 11
Total no. of active equity schemes holding the stock: 32
Sample of schemes that added the stock: JM Midcap, Union Balanced Advantage and Bandhan Flexi Cap

Max Financial Services
No. of active equity schemes newly added the stock in February: 11
Total no. of active equity schemes holding the stock: 121
Sample of schemes that added the stock: JM Midcap, Union ELSS and ICICI Pru India Opp

Also see: Microcap stocks that fund houses have sold in 3 months

Zydus Lifesciences
No. of active equity schemes newly added the stock in February: 11
Total no. of active equity schemes holding the stock: 85
Sample of schemes that added the stock: Union Largecap, WOC Mid Cap and DSP Multicap

Container Corporation Of India
No. of active equity schemes newly added the stock in February: 9
Total no. of active equity schemes holding the stock: 110
Sample of schemes that added the stock: Mahindra Manulife Mid Cap, Quant Mid Cap and Tata Mid Cap Growth

Devyani International
No. of active equity schemes newly added the stock in February: 9
Total no. of active equity schemes holding the stock: 43
Sample of schemes that added the stock: Bandhan Midcap, Sundaram Mid Cap and Nippon India Multi Cap

Kalyan Jewellers India
No. of active equity schemes newly added the stock in February: 9
Total no. of active equity schemes holding the stock: 32
Sample of schemes that added the stock: Motilal Oswal Midcap, Sundaram Multi Cap and Franklin India Prima

Also see: Mid-Cap Multibaggers that retirement goal Mutual Fund schemes chase

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