Interim Budget’s push for infrastructure: Newly added smallcap stocks by infrastructure mutual funds

Continuing its commitment towards building essential infrastructure and driving economic growth, the Centre, in the Interim Budget 2024, has proposed to increase the capex outlay for the next year by 11.1 percent to Rs 11,11,111 crore. Experts are of the opinion that this could boost infrastructure development activities in the absence of substantial private capex spending.
Madan Sabnavis, Chief Economist, Bank of Baroda says, “Within the confines of the fiscal space that is available, the government is channelling enough for capex which is almost 40% of the additional total outlay. This is being directed to roads, railways and defence and it can have positive linkage effects with industries like steel, cement, capital goods etc.”
Here are the newly added smallcap stocks by the 18 infrastructure mutual funds over the last three months. Portfolio data as of December 2023. Source: ACEMF.

Inox India
No. of infrastructure MF schemes that newly added in the last three months: 8
Sector: Engineering - Industrial Equipments
Who added?: Aditya Birla SL Infrastructure and Tata Infrastructure

Azad Engineering
No. of infrastructure MF schemes that newly added in the last three months: 4
Sector: Engineering - Industrial Equipments
Who added? : Kotak Infra & Eco Reform and Bandhan Infrastructure

Also see: Top sectors that MF increased exposures, lately. Are you invested in them?

Titagarh Railsystems
No. of infrastructure MF schemes that newly added in the last three months: 4
Sector: Railways Wagons
Who added? : Canara Rob Infrastructure and UTI Infrastructure

Swan Energy
No. of infrastructure MF schemes that newly added in the last three months: 3
Sector: Textile
Who added? : Quant Infrastructure and Bank of India Mfg & Infra

Also see: Chasing multibaggers: Micro-cap stocks that Flexicap MFs added

Bharat Dynamics
No. of infrastructure MF schemes that newly added in the last three months: 2
Sector: Defence
Who added? : Canara Rob Infrastructure and Bandhan Infrastructure

Happy Forgings
No. of infrastructure MF schemes that newly added in the last three months: 2
Sector: Forgings
Who added? : SBI Infrastructure and HSBC Infrastructure

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

Kirloskar Oil Engines
No. of infrastructure MF schemes that newly added in the last three months: 2
Sector: Engineering - Industrial Equipments
Who added? : Sundaram Infra Advantage and LIC MF Infra

Sterling and Wilson Renewable Energy
No. of infrastructure MF schemes that newly added in the last three months: 2
Sector: Engineering - Construction
Who added? : Bandhan Infrastructure and Sundaram Infra Advantage

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