10 mid-cap gems that children-oriented MFs love to hold for the long term

Solution-oriented schemes offered by mutual funds (MFs) have gained investors’ attention. Currently, there are 27 retirement funds and 11 children-oriented funds and the combined number of investor accounts stand at 58 lakh, as of February-end.
MFs offer children’s plans with various options across equity and debt portfolios. They are open-ended schemes with a lock-in period of at least five years or till the time the child attains the age of maturity at 18, whichever is earlier. The compulsory lock-in provides fund managers a leeway to buy quality mid-cap stocks and hold them for the long term.

Here is the list of top 10 mid-cap stocks held by these children’s plans as of February 29. Source: ACEMF.

PI Industries
No. of Children-oriented funds that hold the stock: 5
Sample of Children-oriented funds that hold the stock: Axis Children's Gift Fund and LIC MF Children's Gift Fund.

Timken India
No. of Children-oriented funds that hold the stock: 4
Sample of Children-oriented funds that hold the stock: Aditya Birla Sun Life Bal Bhavishya Yojna and HDFC Children's Gift Fund

Also see: Mutual funds call for easing RBI's limit on overseas investments amid growing opportunities

Jubilant FoodWorks
No. of Children-oriented funds that hold the stock: 4
Sample of Children-oriented funds that hold the stock: ICICI Prudential Child Care Fund-Gift and UTI CCF- Investment

Bharat Forge
No. of Children-oriented funds that hold the stock: 4
Sample of Children-oriented funds that hold the stock: Aditya Birla Sun Life Bal Bhavishya Yojna and UTI CCF- Investment

The Phoenix Mills
No. of Children-oriented funds that hold the stock: 4
Sample of Children-oriented funds that hold the stock: UTI CCF- Investment and Aditya Birla Sun Life Bal Bhavishya Yojna

FSN E-Commerce Ventures
No. of Children-oriented funds that hold the stock: 4
Sample of Children-oriented funds that hold the stock: Aditya Birla Sun Life Bal Bhavishya Yojna and UTI CCF- Investment

Info Edge (India)
No. of Children-oriented funds that hold the stock: 4
Sample of Children-oriented funds that hold the stock: Aditya Birla Sun Life Bal Bhavishya Yojna and UTI CCF- Investment

Also see: MF stress test: Check whether your smallcap fund has these illiquid stocks

Muthoot Finance
No. of Children-oriented funds that hold the stock: 3
Sample of Children-oriented funds that hold the stock: SBI Magnum Children's Benefit Fund-Savings and ICICI Prudential Child Care Fund-Gift Plan

Endurance Technologies
No. of Children-oriented funds that hold the stock: 3
Sample of Children-oriented funds that hold the stock: UTI CCF- Investment and Union Children's Fund

Metro Brands
No. of Children-oriented funds that hold the stock: 3
Sample of Children-oriented funds that hold the stock: Tata Young Citizen and UTI CCF- Investment

Also see: Opportunity in market volatility: newly added midcap stocks by MF in February