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
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!