Despite the equity markets hitting all-time highs, fund managers have not stopped buying quality businesses. Mid- and small- cap fund managers continue to be confident about strong balance sheets and good businesses. Here are the 12 such mid and small-cap stocks where mutual funds have more than tripled their investment in the last 6 months. Moneycontrol Personal Finance looked at the increase in the number shares (in %) over the last 6 months. Only actively-managed schemes were considered. Data shown below is as of July 31, 2023. Source: ACEMF.
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Mangalore Refinery And Petrochemicals M-CAP: Small Cap Total no. of shares (in crore) held by active schemes as of July 2023: 1.7 crore Increase in shares (in % term) over the last six months: 2,136% No. of active schemes that held the stock as of July 2023: 12 No. of active schemes that newly added the stock in the last six months: 11
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The Karnataka Bank M-CAP: Small Cap Total no. of shares (in crore) held by active schemes as of July 2023: 1.1 crore Increase in shares (in % term) over the last six months: 777% No. of active schemes that held the stock as of July 2023: 13 No. of active schemes that newly added the stock in the last six months: 8
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L&T Finance Holdings M-CAP: Mid Cap Total no. of shares (in crore) held by active schemes as of July 2023: 1.5 crore Increase in shares (in % term) over the last six months: 685% No. of active schemes that held the stock as of July 2023: 15 No. of active schemes that newly added the stock in the last six months: 11
Star Health and Allied Insurance Company M-CAP: Mid Cap Total no. of shares (in crore) held by active schemes as of July 2023: 1.7 crore Increase in shares (in % term) over the last six months: 568% No. of active schemes that held the stock as of July 2023: 50 No. of active schemes that newly added the stock in the last six months: 30
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Suzlon Energy M-CAP: Small Cap Total no. of shares (in crore) held by active schemes as of July 2023: 12.6 crore Increase in shares (in % term) over the last six months: 544% No. of active schemes that held the stock as of July 2023: 16 No. of active schemes that newly added the stock in the last six months: 15
Ujjivan Financial Services M-CAP: Small Cap Total no. of shares (in crore) held by active schemes as of July 2023: 0.5 crore Increase in shares (in % term) over the last six months: 533% No. of active schemes that held the stock as of July 2023: 19 No. of active schemes that newly added the stock in the last six months: 17
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IIFL Finance M-CAP: Mid Cap Total no. of shares (in crore) held by active schemes as of July 2023: 1.3 crore Increase in shares (in % term) over the last six months: 437% No. of active schemes that held the stock as of July 2023: 17 No. of active schemes that newly added the stock in the last six months: 9
Indus Towers M-CAP: Mid Cap Total no. of shares (in crore) held by active schemes as of July 2023: 1 crore Increase in shares (in % term) over the last six months: 429% No. of active schemes that held the stock as of July 2023: 14 crore No. of active schemes that newly added the stock in the last six months: 11%
Orchid Pharma M-CAP: Small Cap Total no. of shares (in crore) held by active schemes as of July 2023: 0.5 crore Increase in shares (in % term) over the last six months: 396% No. of active schemes that held the stock as of July 2023: 8 No. of active schemes that newly added the stock in the last six months: 7
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HDFC Asset Management Company M-CAP: Mid Cap Total no. of shares (in crore) held by active schemes as of July 2023: 2.5 crore Increase in shares (in % term) over the last six months: 338% No. of active schemes that held the stock as of July 2023: 68 No. of active schemes that newly added the stock in the last six months: 34
PNB Housing Finance M-CAP: Small Cap Total no. of shares (in crore) held by active schemes as of July 2023: 1.1 crore Increase in shares (in % term) over the last six months: 256% No. of active schemes that held the stock as of July 2023: 19 No. of active schemes that newly added the stock in the last six months: 14
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Piramal Enterprises M-CAP: Mid Cap Total no. of shares (in crore) held by active schemes as of July 2023: 1 crore Increase in shares (in % term) over the last six months: 227% No. of active schemes that held the stock as of July 2023: 36 No. of active schemes that newly added the stock in the last six months: 15
