Silver lining from marooned markets: Midcap stocks that turned the latest MF favourites
Frothy market valuation on midcap and smallcap segments has been a concern for the regulator and experts. However, market heightened valuation and volatility have not been a constraint parameter for active fund managers in adding quality midcap stocks to their portfolio
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.
2/13
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
3/13
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
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
5/13
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
6/13
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
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
8/13
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
9/13
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
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
11/13
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
12/13
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
13/13
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
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