Bracing for Volatility? Bet on these newly added large-cap stocks by PMS

The year 2024 has begun on a volatile note, after a solid run in equities. Portfolio Management Services fund managers have started building positions that could provide stability and cushion the market uncertainties. Large-cap stocks are among the least volatile in the equity market. Here are the top newly added large-cap stocks among Portfolio Management Service (PMS) strategies in December 2023. Data source: Finalyca PMS Bazaar.

Hindustan Aeronautics
No. of PMSes that newly added the stock: 22
Who added?: MOAT - Special Opportunities Fund

REC
No. of PMSes that newly added the stock: 9
Who added?: All-Star Opportunities and Invesco - Dawn

Also see: Momentum mania: 12 new midcap stocks entered the Nifty 200 Momentum 30 Index

HCL Technologies
No. of PMSes that newly added the stock: 6
Who added?: Tamohara - Q Strategy and Turtle Wealth - 212 ° Wealth Mantra

Bharat Electronics
No. of PMSes that newly added the stock: 5
Who added?: Asit C Mehta - Ace 15 and Geojit - Advantage Portfolio

Also see: Chasing multibaggers: 5 stocks that jumped from microcap to midcap in AMFI’s rejig

Life Insurance Corporation of India
No. of PMSes that newly added the stock: 5
Who added?: Core Value Strategy-Concentrated Option and Asit C Mehta - Ace 15

ITC
No. of PMSes that newly added the stock: 5
Who added?: Accuracap - Alpha 10 and Centrum PMS - Build to Last

Also see: Midcap gems that large-cap funds added lately

Trent
No. of PMSes that newly added the stock: 4
Who added?: Centrum PMS - Good to Great and Shade - Value Fund

NTPC
No. of PMSes that newly added the stock: 4
Who added?: Trivantage Capital - Select Diversified Strategy and TATA - Enterprising India Investment

UltraTech Cement
No. of PMSes that newly added the stock: 4
Who added?: Concept Investwell – Dynamic and Karma Capital Magnolia

Indian Railway Finance Corporation
No. of PMSes that newly added the stock: 4
Who added?: ICICI securities-ACE equity portfolio and Alchemy – Ascent

Also see: Find the best asset allocation mix that will maximise your returns