Midcap 11: Stocks that innovation funds love to hold

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

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

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

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

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?

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