12 micro-cap multibaggers that conservative retirement oriented MFs love to hold. Do you own any?
Retirement solution oriented mutual funds schemes mainly look for relatively less risky, quality stocks from large and midcap space. Despite their conservative nature, many of them prefer few holdings from micro-cap universe that could turn multibaggers over long run.
Mutual funds schemes offering retirement solution are structured to suit the needs of investors based on their risk profile and life stage. Currently, there are 12 AMCs offering 29 plans investing in a mix of equity and debt. As mandated, the amount invested in these schemes are subject to a lock-in period of five years or till retirement age, whichever is earlier. The five year lock-in provides leeway to the fund managers of these schemes to buy and hold stocks for long term. Despite their conservative nature, many fund managers go beyond the largecap, midcap and smallcap spaces and select stocks from the micro-cap universe. Here are top microcap stocks among the retirement oriented mutual fund schemes. Stocks with the market capitalisation of below Rs 3,000 crore are considered as micro-caps. Only stocks that are held by at least two retirement oriented schemes are considered. Data as of July 2024. Source: ACEMF.
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SJS Enterprises Number of retirement-oriented funds holding the stock: 4 M-CAP (BSE Full): Rs 2,713 crore Sector: Auto Ancillary
