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    HomeNewsPhotosBusinessPersonal FinanceMidcap 11: Stocks that innovation funds love to hold

    Midcap 11: Stocks that innovation funds love to hold

    Innovation themed mutual funds are the new flavour of the season

    Dhuraivel Gunasekaran
    August 07, 2024 / 10:25 IST
    Innovation theme is one of the newest areas that mutual fund companies love to introduce with new fund offers (NFO). Currently, there are 11 innovation-based schemes of which six were launched in the span of last one year. The latest one in offer is SBI Innovative Opportunities Fund, which NFO is open for subscription until August 12, 2024. Of these, eight schemes are investing predominantly in the Indian companies. They try to identify companies across sectors that use innovation to enhance productivity, are involved in emerging technologies and disrupting businesses like e-commerce, fintech, renewable energy, AI, EVs, data analytics and cloud computing. Here are the top 11 popular mid-cap stocks among the seven innovation theme-focused schemes. Data as of June 2024. Source: ACEMF.
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    Innovation theme is one of the newest areas that mutual fund companies love to present with new fund offers (NFO). There are 11 innovation-based schemes and six of them were launched in the span of last one year. The latest one in offer is SBI Innovative Opportunities Fund, where the NFO is open for bids until August 12. Eight schemes are investing predominantly in the Indian companies. They try to identify companies across sectors that use innovation to enhance productivity, are involved in emerging technologies and disrupting businesses like e-commerce, fintech, renewable energy, AI, EVs, data analytics and cloud computing. Here are the top 11 popular mid-cap stocks among the seven innovation theme-focused schemes. [Data as of June 2024. Source: ACEMF]
    Info Edge (India) No. of innovation based MF schemes holding the stock: 7 Total no. of active schemes holding the stock: 113
    2/12
    Info Edge (India)
    No. of innovation based MF schemes holding the stock: 7
    Total no. of active schemes holding the stock: 113
    FSN E-Commerce Ventures No. of innovation based MF schemes holding the stock: 5 Total no. of active schemes holding the stock: 72 Also see: Mid-caps beat small-caps in the long term. Here are top performing mid-cap funds
    3/12
    FSN E-Commerce Ventures
    No. of innovation based MF schemes holding the stock: 5
    Total no. of active schemes holding the stock: 72

    Also see: Mid-caps beat small-caps in the long term. Here are top performing mid-cap funds
    Sona BLW Precision Forgings No. of innovation based MF schemes holding the stock: 4 Total no. of active schemes holding the stock: 107
    4/12
    Sona BLW Precision Forgings
    No. of innovation based MF schemes holding the stock: 4
    Total no. of active schemes holding the stock: 107
    Motherson Sumi Wiring India No. of innovation based MF schemes holding the stock: 4 Total no. of active schemes holding the stock: 69 Also see: How India’s largest equity mutual funds won the race for small investors?
    5/12
    Motherson Sumi Wiring India
    No. of innovation based MF schemes holding the stock: 4
    Total no. of active schemes holding the stock: 69

    Also see: How India’s largest equity mutual funds won the race for small investors?
    Delhivery No. of innovation based MF schemes holding the stock: 4 Total no. of active schemes holding the stock: 54
    6/12
    Delhivery
    No. of innovation based MF schemes holding the stock: 4
    Total no. of active schemes holding the stock: 54
    3M India No. of innovation based MF schemes holding the stock: 4 Total no. of active schemes holding the stock: 57
    7/12
    3M India
    No. of innovation based MF schemes holding the stock: 4
    Total no. of active schemes holding the stock: 57
    Hitachi Energy India No. of innovation based MF schemes holding the stock: 4 Total no. of active schemes holding the stock: 66 Also see: Budget’s push for tourism: Check out small-cap bets of Tata Nifty India Tourism Index Fund
    8/12
    Hitachi Energy India
    No. of innovation based MF schemes holding the stock: 4
    Total no. of active schemes holding the stock: 66

    Also see: Budget’s push for tourism: Check out small-cap bets of Tata Nifty India Tourism Index Fund
    PB Fintech No. of innovation based MF schemes holding the stock: 4 Total no. of active schemes holding the stock: 110
    9/12
    PB Fintech
    No. of innovation based MF schemes holding the stock: 4
    Total no. of active schemes holding the stock: 110
    Honeywell Automation India No. of innovation based MF schemes holding the stock: 4 Total no. of active schemes holding the stock: 75 Also see: MC Review | Gold BeES gets budget boost: Should you invest?
    10/12
    Honeywell Automation India
    No. of innovation based MF schemes holding the stock: 4
    Total no. of active schemes holding the stock: 75

    Also see: MC Review | Gold BeES gets budget boost: Should you invest?
    Syngene International No. of innovation based MF schemes holding the stock: 4 Total no. of active schemes holding the stock: 80
    11/12
    Syngene International
    No. of innovation based MF schemes holding the stock: 4
    Total no. of active schemes holding the stock: 80
    KPIT Technologies No. of innovation based MF schemes holding the stock: 4 Total no. of active schemes holding the stock: 69 Also see: 12 new micro-cap stocks that PMS managers bought in June
    12/12
    KPIT Technologies
    No. of innovation based MF schemes holding the stock: 4
    Total no. of active schemes holding the stock: 69

    Also see: 12 new micro-cap stocks that PMS managers bought in June
    Dhuraivel Gunasekaran
    Dhuraivel Gunasekaran
    Tags: #invest #midcap stocks #midcap stocks held by mutual funds #mutual fund #persoanl finance
    first published: Aug 7, 2024 06:42 am

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