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The most favourite small-cap stocks held by multi-cap MFs

Multi-cap funds are bound by SEBI regulations to diversify across large-cap, mid-cap and small-cap stocks. Due to their illiquid nature, multi-cap funds have a large holding of small-cap stocks

December 07, 2022 / 02:44 PM IST
In 2020, the market watch dog SEBI introduced the new ‘multi-cap’ category to distinguish them from the earlier avatar of flexicap category. Multi-cap funds are now mandated to invest at least 25 percent of their assets each in large, mid and small-cap stocks. Currently, 17 schemes are part of the multi-cap category; of which 10 were converted from the earlier avatar that had no rigid market capitalisation based investment mandate while the remaining are the newly launched schemes. Collectively, multi-cap funds manage assets under management (AUM) worth Rs 65,286 crore. Post the SEBI’s diktat, their number of equity stocks in their portfolio went up especially in their smallcap holdings. Due to larger asset base and tight liquidity condition in the smallcap universe, many multi-cap funds have not invested more than 1 percent in each such stock. On an average, multi-cap fund hold 26 small-cap stocks. Data as of October 2022. Source: ACEMF
1/11
In 2020, the market watchdog SEBI introduced the new ‘multi-cap’ category to distinguish them from the earlier avatar of flexicap category. Multi-cap funds are now mandated to invest at least 25 percent of their assets each in large, mid and small-cap stocks. Currently, 17 schemes are part of the multi-cap category, of which 10 were converted from the earlier avatar that had no rigid market capitalisation based investment mandate while the remaining are the newly launched schemes. Collectively, multi-cap funds manage assets under management (AUM) worth Rs 65,286 crore. After Sebi’s diktat, their number of equity stocks in their portfolio went up especially in their smallcap holdings. Due to larger asset base and tight liquidity conditions in the smallcap universe, many multi-cap funds have not invested more than 1 percent in each such stock. On an average, multi-cap fund hold 26 small-cap stocks. Data as of October 2022. Source: ACEMF
JB Chemicals & Pharmaceuticals No. of multi-cap funds that hold the stock: 6 A sample of multi-cap funds that hold the stock: Baroda BNP Paribas Multi Cap, Invesco India Multicap and Nippon India Multi Cap Fund
2/11
JB Chemicals & Pharmaceuticals
No. of multi-cap funds that hold the stock: 6
A sample of multi-cap funds that hold the stock: Baroda BNP Paribas Multi Cap, Invesco India Multicap and Nippon India Multi Cap Fund
Blue Star No. of multi-cap funds that hold the stock: 5 A sample of multi-cap funds that hold the stock: SBI Multicap, Axis Multicap and Baroda BNP Paribas Multi Cap Fund
3/11
Blue Star
No. of multi-cap funds that hold the stock: 5
A sample of multi-cap funds that hold the stock: SBI Multicap, Axis Multicap and Baroda BNP Paribas Multi Cap Fund
Carborundum Universal No. of multi-cap funds that hold the stock: 5 A sample of multi-cap funds that hold the stock: SBI Multicap, IDFC Multi Cap and Kotak Multicap Fund
4/11
Carborundum Universal
No. of multi-cap funds that hold the stock: 5
A sample of multi-cap funds that hold the stock: SBI Multicap, IDFC Multi Cap and Kotak Multicap Fund
City Union Bank No. of multi-cap funds that hold the stock: 5 A sample of multi-cap funds that hold the stock: Kotak Multicap, Mahindra Manulife Multi Cap Badhat Yojana and Axis Multicap Fund
5/11
City Union Bank
No. of multi-cap funds that hold the stock: 5
A sample of multi-cap funds that hold the stock: Kotak Multicap, Mahindra Manulife Multi Cap Badhat Yojana and Axis Multicap Fund
JK Lakshmi Cement No. of multi-cap funds that hold the stock: 5 A sample of multi-cap funds that hold the stock: IDFC Multi Cap, Axis Multicap and Aditya Birla SL Multi-Cap Fund
6/11
JK Lakshmi Cement
No. of multi-cap funds that hold the stock: 5
A sample of multi-cap funds that hold the stock: IDFC Multi Cap, Axis Multicap and Aditya Birla SL Multi-Cap Fund
Kalpataru Power Transmission No. of multi-cap funds that hold the stock: 5 A sample of multi-cap funds that hold the stock: Kotak Multicap, IDFC Multi Cap and SBI Multicap Fund
7/11
Kalpataru Power Transmission
No. of multi-cap funds that hold the stock: 5
A sample of multi-cap funds that hold the stock: Kotak Multicap, IDFC Multi Cap and SBI Multicap Fund
PNC Infratech No. of multi-cap funds that hold the stock: 5 A sample of multi-cap funds that hold the stock: Invesco India Multicap, Sundaram Multi Cap and Kotak Multicap Fund
8/11
PNC Infratech
No. of multi-cap funds that hold the stock: 5
A sample of multi-cap funds that hold the stock: Invesco India Multicap, Sundaram Multi Cap and Kotak Multicap Fund
Timken India No. of multi-cap funds that hold the stock: 5 A sample of multi-cap funds that hold the stock: Invesco India Multicap, HDFC Multi Cap and Baroda BNP Paribas Multi Cap Fund
9/11
Timken India
No. of multi-cap funds that hold the stock: 5
A sample of multi-cap funds that hold the stock: Invesco India Multicap, HDFC Multi Cap and Baroda BNP Paribas Multi Cap Fund
PVR No. of multi-cap funds that hold the stock: 4 A sample of multi-cap funds that hold the stock: SBI Multicap, IDFC Multi Cap and ICICI Pru Multicap Fund
10/11
PVR
No. of multi-cap funds that hold the stock: 4
A sample of multi-cap funds that hold the stock: SBI Multicap, IDFC Multi Cap and ICICI Pru Multicap Fund
V-Mart Retail No. of multi-cap funds that hold the stock: 4 A sample of multi-cap funds that hold the stock: SBI Multicap, Baroda BNP Paribas Multi Cap and ICICI Pru Multicap Fund
11/11
V-Mart Retail
No. of multi-cap funds that hold the stock: 4
A sample of multi-cap funds that hold the stock: SBI Multicap, Baroda BNP Paribas Multi Cap and ICICI Pru Multicap Fund