MF investment in these 12 midcaps, smallcaps surges 3-fold and more in 6 months

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.

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

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

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

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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

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

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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

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%

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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

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

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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

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

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