12 new midcap stocks that PMS fund managers picked in May. Do you own any?

Indian equity markets have been on a roller-coaster ride over the last two years. The volatility in the market provided active fund managers an opportunity to take positions in beaten-down stocks. Here are the top midcap stocks that were bought afresh by a majority of Portfolio Management Services (PMS) managers in May 2023. Total number of PMS strategies considered for the compilation was 321. Source: Finalyca – PMSBazaar. Data as of May 31, 2023

AU Small Finance Bank
No. of new PMS strategies that added this stock: 10
Total no. of PMS strategies that held the stock: 30
Total no. of actively-managed mutual fund schemes that hold the stock: 49

Polycab India
No. of new PMS strategies that added this stock: 8
Total no. of PMS strategies that held the stock: 31
Total no. of actively-managed mutual fund schemes that hold the stock: 76

Syngene International
No. of new PMS strategies that added this stock: 8
Total no. of PMS strategies that held the stock: 20
Total no. of actively-managed mutual fund schemes that hold the stock: 63

Bharat Heavy Electricals
No. of new PMS strategies that added this stock: 8
Total no. of PMS strategies that held the stock: 12
Total no. of actively-managed mutual fund schemes that hold the stock: 39

Also see: Over 1,200% returns in 2 years, but not over yet: MF still hold these multibagger smallcap stocks

Persistent Systems
No. of new PMS strategies that added this stock: 7
Total no. of PMS strategies that held the stock: 25
Total no. of actively-managed mutual fund schemes that hold the stock: 114

IDFC First Bank
No. of new PMS strategies that added this stock: 7
Total no. of PMS strategies that held the stock: 22
Total no. of actively-managed mutual fund schemes that hold the stock: 25

Mphasis
No. of new PMS strategies that added this stock: 7
Total no. of PMS strategies that held the stock: 15
Total no. of actively-managed mutual fund schemes that hold the stock: 87
Also read: Despite correction, these mid- & small-cap technology stocks got picked by mutual funds

Aditya Birla Fashion & Retail
No. of new PMS strategies that added this stock: 7
Total no. of PMS strategies that held the stock: 9
Total no. of actively-managed mutual fund schemes that hold the stock: 49

Godrej Properties
No. of new PMS strategies that added this stock: 7
Total no. of PMS strategies that held the stock: 8
Total no. of actively-managed mutual fund schemes that hold the stock: 22

Federal Bank
No. of new PMS strategies that added this stock: 6
Total no. of PMS strategies that held the stock: 31
Total no. of actively-managed mutual fund schemes that hold the stock: 126

Astral
No. of new PMS strategies that added this stock: 6
Total no. of PMS strategies that held the stock: 22
Total no. of actively-managed mutual fund schemes that hold the stock: 66

Schaeffler India
No. of new PMS strategies that added this stock: 6
Total no. of PMS strategies that held the stock: 16
Total no. of actively-managed mutual fund schemes that hold the stock: 109

Also see: Market CAP below Rs 200 crore, but these nanocap multibaggers remain PMS darlings